kjmb1

kjmb1 Updated 

Early market sell off complete for BTC 0.56% -- a promising run to 10k as money re-enters the crypto markets. Back to clean fractal trading, and it looks like it would be beneficial from a run to 10k if we saw a little more shakeout towards $8.5k. This would aline with support and fib levels and give enough reason for a measured move straight into pentadigits....

kjmb1 Updated 

Still in downward channel, a push up to the top of the channel would make sense here to retest trendline resistance Target is around $9.5k to $10k, with a relatively tight stop loss. BFX longs are at a high signalling money is backing a move upwards.

kjmb1

Quick idea on BTC futures. Red area is where I'm aiming to flip long into short. Increasing my position anywhere in the green box. Breakup of inverse H&S will catapult us towards the target area. A lot of resistance to play with, so will see how the bears will deal with the run up :)

kjmb1 Updated 

70% over 50 days vs. 98% over 14 days. BTC proves again the most profitable trade is longing the ote 1.05% over shorting the ote 1.05% . Keeping this simple. BTC is still above the cloud and support at $9.5k. My count suggest this pullback is wave 4/5. One more wave upwards will push us towards $12.5k - $13k. OBV has pulled back to the 0.382 fib, showing...

kjmb1 Updated 

Gold dip buyers ready to push price over 1400 towards 1500. Falling dollar on larger timeframes supports this movement. If this plays out we'd see a completed B wave and then the consequent C wave would push the price down to triple figures. Timeframe for this movement is ~6 months, with plenty of waves to play within.

kjmb1 Updated 

Is >60% dip enough? Price hitting price support levels and fib. RSI bottoming out. Elliott wave showing wave 4 is near enough complete. If we fall further, buy the ~75% dip at $5k. Panic selling is crazy here, this is a great buying opportunity!

kjmb1

Oil = Chop, but now showing a wave structure. Seems to be in wave C with pullback necessary to retest the 200ema before breaking down out of rising wedge or heading to the resistance line at $85 where the 0.5 fib sits. Large time frame indicators are also extremely overstretched giving further reason for a pullback. Following the pullback, if we rise further...

kjmb1

The battle of the best storage of wealth. BTC has had a fantastic year so far, with the crypto market becoming mainstream and king crypto leading the way in consistent gains and publicity. Coinbase was the most downloaded app on the iTunes app store momentarily this week and every taxi driver on the road is having a flutter on the crypto markets. With this in...

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Ethereum has risen over 3,000% this year alone yet has failed to break it's June high of ~$400. Unlike BTC and LTC and other high-market cap coins who have printed higher highs throughout summer, ETH has only just recovered from the first pullback of its June high. Failure to break the ceiling has led to a potential double top signalling ETH is entering wave C...

kjmb1 Updated 

Through observing the bitcoin market for a number of years, a lot of money is made in the parabolic moves up yet also during the aggressive pullbacks. Historically, after a bitcoin a pump there's always been a return to the 200 EMA (normally quite quickly) accounting for ~35-40% drop. Elliott Wave analysis signals we're coming to the end of wave 3, which should...

kjmb1 Updated 

USDOLLAR is currently in a falling wedge due to the weakening of the currency index since the start of the year. As we approach minor supports, we're broken under a relatively strong supply area and also the daily 200 EMA. A weak breakout of the falling wedge could push the price further down and create a head and shoulders on a diagonal neckline (which...

kjmb1

AMD has had a fantastic run over the last 2 years (~$1.60 to ~$15.60) and it looks to be due another leg up once this consolidation has finished. After the double top we pulled back to the 0.618 of the last leg, sitting on the current support and above the 200 EMA on the daily. The MACD is turning up; stochastic is oversold and RSI seems to be in a falling...

kjmb1

Simple EW analysis: ABC looks to have completed within a falling wedge, Indicators: stochastic oversold and breaking out on higher timeframes; MACD turning up, with bullish divergences. Could be time for a push upwards towards a target 1 of ~$17 and a target 2 of ~ $19.50

kjmb1 Updated 

Analysis based on elliott wave; demand/supply area; price ranges; and fib lines. Coming to the end of the B wave correction and moving towards a huge demand area - it seems like bears are losing steam but there's apt opportunity to take advantage of a final drop that'll test the S2 pivot; 0.168 fib; and large support area. With Bearish divergences on lower...

kjmb1 Updated 

Idea for long term gold based on Elliot Wave theory; fib lines; and supply/demand areas. Elliot wave analysis shown above would create a C wave the same size (~31%) as the A wave. This would be complete a large wave B (after the complex correction that accounted for a large wave A). The target of $1480-$1520 is a strong supply area and gives reason to sell,...

kjmb1

Simple analysis - after a 3 wave pullback lasting near to exactly 2 years after the all time high, GILD is bouncing off support and looks ready to make a nice move north with the fib lines as targets. RSI has also broken out for the first time this year; and more confidence will come on the break of the daily 200 EMA .

kjmb1 Updated 

After a rise in user growth, TWTR has seen a strong jump in it's stock. After a triple bottom at ~$14; we could be entering wave C of a larger wave B. Once the price breaks the EMA and the trend line which has suppressed the price since December, we could easily see a strong move towards $30; with a stop loss under the low of $14. With a risk/reward ratio of...

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Retraced to the 0.764 fib of the first drop; and now subject to a media frenzy, this could be a perfect time for whales to offload into the market and give us a nice shakeout to the 0.5 fib of the rise since the start of the year, where a nice support lies.