Could this be the beginning of Wave 5 with a target around $26k. Merry Christmas!
History could be repeating itself. Its possible we're back in Wave 3 of another 5 wave impulse.
I've just started learning Elliott Wave Principal, and learning to count waves, so I'm looking for feedback from anyone with more experience than me.
Waiting for confirmation on market direction. Broken the 0.5 fib from the last bearish impulse down from 0.24 to 0.01. Also broken the long term rising support from mid October. Both signs suggest a bearish outlook, and for now BTCUSD looks strong up to $12k+. Keep a close eye on the support at 0.1265 where we're at right now. If that breaks there's not much...
Dash looks nicely set for another bullish impulse.
BCH is finally back down on its rising base line.
Just learning Elliott Wave analysis. If this is correct, we're just about to start wave 5.
Here's a fun look at what might be in store for XMR in the coming year.
ZCash has been in strong downward triangle pattern since the highs in August, but now we're finally reaching the end of the pattern. No significant movement is in place yet, but the next 10 days is well worth keeping a very close eye on this, as it could well be the best opportunity to get in. If it continues the pattern to the end it will probably reach the...
BCH has just broken through the 0.618 fib retracement level. Things are definitely looking more positive for this coin now. Its likely we'll see a small pull back before making another attempt to push through this 0.618 level.
Despited making a significant move earlier this week, the bears were swiftly beaten back down to the rising support level. Now is an important time to watch were we go from here. If the support holds we could see another break.
A very recent move against the downward might suggest things are looking brighter for Bitcoin Cash.
Looks more and more likely that BCH is heading down to the next fib level.
After its meteoric rise from 0.06 up to a staggering 0.244 in a matter of days, BCH has slowly but surely crawled it way back down to 0.06 over the last couple of months, even dropping sharply to 0.01 for a moment. No doubt there are many crypto investors watching intensely now has it finally looks like it might have found the bottom around the 0.066 levels in...
Looks like this recent move from GOOG has it heading towards its highs of 987. If it can breach that high from June, then 1030 is the next target, however 1000 is a significant number, so expect a rough ride trying to get through that.
Perhaps its finally time for BCH to show a reversal of its bearish trend. The RSI hasn't been this over sold since August, so its just a matter of time. Maybe, though, it will make it all the way down to 0.9725 before showing clear signs of reversal.
Stellar is another coin that join made a distinctive break out to the upside