The big picture is the bull flag that's being formed. Inside the bull flag we're on our way to wave D. This triangle pattern formed with the elliott triangle wave breakout is confirmation that we are heading for that wave D. Looks like everything should be in the green! Until we hit that major resistance!!! If price rebounds off resistance I see BTC reaching...
I had to recalibrate and re-do my support lines since Bitcoin broke through support this morning. It's looking more like a descending wedge now with the apex nearing a strong support area around $8,500-$7,500. I don't think Bitcoin is finished correcting itself. With it's positive run and parabolic increase, it NEEDS this correction to reach higher highs and...
IOTA has been stuck in this channel for about a month. Price is creeping up closer to a strong support level . Looking for price to hit the support line one last time before surging upwards and breaking through resistance.
IOTA has been stuck in this channel for about a month. Price is creeping up closer to a strong support level. Looking for price to hit the support line one last time before surging upwards and breaking through resistance.
Price has broke out of the triangular formation that was formed. The Elliott Triangle Wave (ABCDE) played quite beautifully with this one. Looking for a five count impulse wave upwards to higher highs.
Ripple bounced beautifully off support after reaching the apex of the descending wedge. Elliot waves have completed and MACD shows that price is in the over sold sector. Look long boys, look long. Do yourself a favor a purchase more XRP. Potential rumors about this being released on Coinbase..? Did I hear Amazon maybe?!
Descending Wedge formed and we're at the bottom of the apex around a really strong support level! MACD shows we are over sold and looks like the elliot wave triangle is complete as well. All signs show for this to be BULLISH!
A lovely head and shoulder pattern was formed and looks to be completed. Will price go back up? Is the correction finished? Hmm... maybe it's not over and will continue declining. Is that a head and shoulder pattern I see in another head and shoulder pattern?! Do you see it? Lets talk about it in the comments.
Cardano has been trading in this channel for a couple days. Might stay in the consolidation phase for a little longer, but in my eyes Cardano is looking BULLISH. My MACD indicator is showcasing that it's actually in the oversold area, so I expect price to break through that resistance level soon!
This might look a bit messy, but what I have here is called a "flat". It's a correction that consists of three major waves (ABC) (in the pink). Each wave has a number of sub waves. Wave A containing three sub waves (as shown, A B C in the orange going DOWN), Wave B containing three sub waves (as shown, A B C in the orange going UP), and Wave C containing 5 sub...
On my previous idea, I showed you two things happening - an ascending triangle and a rising wedge. The ascending triangle took over and now price is going bullish. 20k will be hit very soon. Stay tuned.