Hello friends, Not much has changed since my last update on BTC, the only additional detail I have added is that A=C. The reasoning behind this idea is that C wave is a common ratio for this kind of correction, also note that C wave being the completion of wave 4 has reached a strong resistance zone and will most likely take a deep correction making the 5th wave...
Hello Friends, This is an update from my previous counts. There have been some changes, the waves dictate Fibonacci levels and the waves have created higher targets as indicated on this chart. I have included possible targets for retracements and placed signals for caution zones that could potentially create a big dump. That also includes keeping an eye on...
Hello Friends, Been crazy lately with the market makers, I hope nobody got liquidated. Anyways I updated the previous chart as requested for those who are still interested. Details are on the chart, trade safe! Cheers!
Hello friends, Not much has changed in the last few days with the exception of noticing a failure to retest the top. That is a good sign for an (ABC) correction for wave 4. Then we should see a move up towards wave 5. If that fails and we go lower as indicated on the chart, then we most likely have a double top pattern and we will be seeing BTC going much lower....
Hello friends, All details are on the chart, however, I will add that we haven't completed a proper 4th wave correction and that we have failed to break through resistance for the past 3 days. If gold can't break this line then gold is going to test support and perhaps make the 5th wave. If this fails then we will be seeing a test of secondary support and perhaps...
Hello friends Here today I did a wave count on the H4 and I see that we have completed 5 waves down and now nearly completed the correction with a zigzag having the appearance of a possible barrier triangle. This should be by all rights bottom and from there we should see a nice push to the upside. It is possible to break down further but I would not short this...
Hello friends, Nothing much to say here because this chart says it all. I say wait for the short. Trade Safe Cheers!
Hello friends, This chart is mainly an update of my previous EW count but I have also included targets and patterns that may prove to be useful when applying your own strategy according to support and resistance zones as BTC moves in between these areas. Word of caution, even though we are trending upward, remember we are still bearish and the bear pattern...
Hello friends, This chart is self-explanatory with the exception of; why did I note the double bottom . I just want to point out that even though we are extremely oversold on the weekly, there is always the possibility of a lower low. If that happens, then be assured that we will see a massive upswing towards levels not mentioned on this chart. IMO , we may test...
Hello friends, I just did a wave count and noticed this diamond pattern on the 4th wave. This could go one of two ways as shown on the chart. It is a 50/50 here considering that diamond patterns break down on uptrends, but on the other hand, diamond patterns break out on downtrends. Clearly we have been trending up of late but zooming out we are still in a...
Hello Friends, We sure didn't see that one coming or did we? We had the IHS on the larger TF but nobody really noticed the H&S pattern on the right shoulder of the IHS. Anyways just like to mention that if BTC is going to survive then what only makes sense is this wave count. The bottom is behind us now (maybe retest for a bullish double bottom or maybe a little...
Hello, Nothing fancy here but what you see here is a diamond pattern at the bottom of the trend. The action here indicates that there will be a possible breakout for the upside as indicated on this chart. I would like to add that Godemode is showing that BTC is ready to make a reversal on the daily TF. Cheers.
Good Afternoon, I know many are hoping that this halving on may 8th 2020 is bullish. There is good reason for that, aka history tells us that. However we can't neglect all else and go on one idea and assume that BTC is going to the moon on this halving alone. Just because it has been a signal in the past does not negate other factors. First rule of thumb in...
Good Morning! BTC had a nice run up but has failed to make higher highs and is now in corrective mode. Looking at the chart I had made a forecast of a triangle in an up channel suggesting that the bottom is behind us and that now is the time to load up on BTC during the dips. I know that suggesting a triangle formation is early, however the trend lines appear...
Good Morning! Today I am looking at USOIL to see if there is any opportunities for entering a position. I took some time to count the waves making sure fibs and rules fit my TA, as I do not want to enter into anything without that assurance. Looking at the 50/100/200 EMA tells us that we had a Golden Crossover Dec 17th on the daily time frame, in addition to...
Good Afternoon! Looking at this chart you can see that we are in a triple zigzag with zigzag X waves. Currently this zigzag is about to be completed when Z wave is complete. How can Z wave go depends on the bulls. Keep in mind that Z wave can extend as much as 1.618% of preceding wave. I will keep this chart updated but it is up to you to click the "Follow...
Good Afternoon! Looking at this chart I can tell you that we are surely moving further down. Hit the follow flag for more updates. Cheers!
Hello Everybody, I haven't been publishing many charts of late because I just been updating whatever I have published. So if your interested in updates, please refer back to this chart. So here is an update for Gold. We did not see a deep retrace for wave 4. That has changed the short targets as indicated on this chart. I left the pivot points standard on this...