digital_gold_rush

digital_gold_rush

HS pattern found

digital_gold_rush

The new year crash on bitcoin has provided an interesting situation on the monthly trading chart. Possible ABC=D move on Bitcoin. A= €1552.24 July 2017 Low B= €16979.00 December 2017 High C= €8130.30 January 2018 Close D= €22252

digital_gold_rush

Still long on Bitcoin Head and Shoulder pattern in progress meaning price could fall as low as €4628 however, I don't think it will. I am looking for strong support at €11700 to €1100 also volume to incrase and push a close aboove €12606 to signal bullish mometum.

digital_gold_rush

This pattern shows up on both XRPUSD and XRPEUR 11.80% the completion with good reaction at the $1.62 shows that profit taking has nearly all but ended and new money is slowing again entering the market. Price should begin to retest $2.50 and a bullish brakeout above that.

digital_gold_rush

If this wave of buying contiunes look for €7100 being hit before the close of the month with support of this down at €6528.

digital_gold_rush

Looking for the A leg to fall as low as €984 making a good 0.%50 retracement to place a target of €1844. Move brakes down if close below €758

digital_gold_rush

I have been tracking this move for a while as I was original looking for another impulse wave to drive price up. What I see developing now is a good platform to start trading long with support at the (A) €2479 this zone has shown strong support over the last few weeks and if continues to hold a price target on the extension up to (D) €4072 which is also the...

digital_gold_rush

There have been lots of reports in the media in recent times that Credit Card debt could bring around another finical crises if the company's that lent the money could not recover the funds from the debtors in time. PFG has suffered huge losses as it has failed to collect debt from the sub prime customer base it lends to. - 70% - £I.7 Billion Interested to get...

digital_gold_rush

$675 Has been well respected all weekend looking for a bullish reaction to start the drive up to $941 weekly target.

digital_gold_rush

Bitcoin Price on ABCD (A) £2950 (B) £3457 (C) £3094 = Pullback to 0.238 Fib (D) Target = £3600 Price to retest (B) £3457 and close above this level to start testing the (D) £3600 zone support for this move is way back at (C) £3094 and (A) £2950.

digital_gold_rush

ABCD move also ties in nicely with a 3rd Elliot wave leg. Targerting $1000

digital_gold_rush Updated 

It would be very interesting to see if technical indicators apply to new markets. (a) at $139 (b)at $814 (c) at $242 = (d) @ $944 Also there are 2 other moves that are valid from the (A) @ $242 And @ $278 It makes me think a buy move is available to the first step up to $377 stop at $278.

digital_gold_rush

Close above €3724 today will confirm for me this move that I have been tracking. ABC=D at .50 extension. (A) €2794 (B) €3747 (C) €3250 =(D) Target at €4200 IF we hit that target without dropping below €3250 this will also form a good length for the 3rd leg of an Elliot Wave on the uptrend. All this puts suupport to brake this move at (a) ponit = €2742.

digital_gold_rush

This is my theory on Bitcoin / Euro. If the uptrend continues it would the create the 3rd leg of an Elliot wave. Science tells us that this uptrend has to pull back at some at and then that would be the 4th point on the wave from there a reversal back up would signal the 5th.

digital_gold_rush

It looks like the First 3 legs of an Elliot Wave along with the first Move on a ABCD. Price pulling back down the FIB would then put the D target price next in line. If price pulled back past the (A) The move is dead. If Price continues on the UPSIDE it would mean a continuation of the (3)rd Elliot Wave.

digital_gold_rush

Currently learning the Elliot Wave theory looks like 3 waves made on Bitcoin with some correction and then testing €3200 - Please let me now your feedback.

digital_gold_rush

Teaching myself the Elliot wave theory please let me know your feedback looks like a completed pattern with correction that is now forming the ABCD.

digital_gold_rush Updated 

Looking for price reaction at 7368 to then buy upto 7414