kingofthebongo

kingofthebongo

Rsing wedge has broken down and has been tested as resitence. Head and shoulder just broke the neckline as well. All in all, lots of confluence, short!

kingofthebongo

ETH is still looking healthy. Retracing only 0,236 which is totally healthy in a ABC wave. There is a small head and shoulder but still aligned with the ABC correction wave. There is a opportunity of a short against the trend. Cheers

kingofthebongo

symmetrical triangle correction (abcde) on ETH. Expecting to break up, target is measured by the size of the width of the triangle. Remember that this is a neutral pattern that can break down as well.

kingofthebongo

we are in the abc correction. Remember that a 4 leg correction (not abc) invalidates the next bull have

kingofthebongo

BTC IS LOOKING STRONG. EXPECT ABC CORRECTION (ALSO RSI) NOW FOR FURTHER UPWARD MOVEMENT. GOOD BUY IN ZONE AFTER ABC CORRECTION. CLOSING SHORT TERM LONGS FOR NOW

kingofthebongo

Bearish divergence on the RSI in the 1hr timeframe. i am expecting a correction aligned with the Elliot wave (a,b,c). Aferwards will go long.

kingofthebongo

ETH is looking strong on this bounce. However, do not get so bullish.

kingofthebongo Updated 

0,5 Fibonacci retracement level has been broken and now is acting as resistance at the 1hr chart. Expect down to 31,7k. Not advice

kingofthebongo Updated 

BTC is in a short-term bull run, trendline is currently being tested. Expect a movement from here

kingofthebongo Updated 

Rising Wedge ETH. trade the breakout

kingofthebongo Updated 

symmetrical triangle breakout

kingofthebongo

H&S inside a triangle, potential break down

kingofthebongo

If BTC does not hold the yellow trendline, expect more dump. This will also lead us to another fakeout and back to the descending triangle.

kingofthebongo

Opportunity

kingofthebongo

Potential break up and leading us out of the bigger descending triangle

kingofthebongo

H&S neck line broken