matthewmorganjoh

matthewmorganjoh

Here's what I've got for NANO so far. Assuming this is only 3 waves and we have a 5th going up, here are some reasonable targets! I took this on a larger time frame to get a bigger picture of what has been going on. We have a current top of the potential 3 wave at about 0.0013 BTC. There may be one more push to 0.00134, but I will not be entering on that trade....

matthewmorganjoh

Short and sweet! Looking for NANO to complete 5 waves. Getting some major resistance at the previous wave 3. If we break, I will be targetting 100% for wave 5 (to be conservative). If we do not break this resistance, buy in zones are 0.50 and 0.618/0.65 zones. NANO is at a critical moment! Channel is there to act as a support/resistance for this final wave as...

matthewmorganjoh

This is a different attempt to look at verge. I was playing around with the Fib Levels for the first 5 waves up and I was BLOWN AWAY. I just took a basic swing low to swing high for the first 5 impulse waves and just look at the accuracy of the algo targets. Each wave was a textbook fib region. I can't even believe it. Just from a swing low to swing high on...

matthewmorganjoh

XVG Is continuing to struggle right now. I still believe the first wave was a definite impulse wave up - RSI resistance was broken, EMA resistance was broken, the volume was immense, and it has been trading too technically for it to not be an impulse wave. However, that doesn't mean impulse waves can't fail. Which may be what we are seeing here. I guess I should...

matthewmorganjoh

Hello, friends! Here is my quick update on XVG. I have to say I am a bit disappointed we didn't get a bounce off the 0.618 fib level like I was hoping for, but it's still trading pretty technically. Which is a good thing! I attempted to count out the correction ABC wave with 5 waves coming down for A, 3 waves coming up for B, and now 5 waves coming down for...

matthewmorganjoh

Hello, traders! I just wanted to give a quick update on ADA. So I attempted to see what was going on with this final ABC correction since it doesn't look like the wave 1 support held. On shorter time frames it looks like there was a rally, but it eventually broke. There just wasn't enough volume. Since it failed, I tried to count out the waves of this ABC...

matthewmorganjoh

Let's take a look at ADA. This one is a little tricky in my opinion. I drew up this chart on the 1 Day time frame to get the biggest picture look at what the heck was going on with this coin! Cardano is a good project, it always has been! I just feel that these coins that pumped 50-100x back in December were just labeled pump and dumps and now everyone is scared...

matthewmorganjoh

This will be quick! It looks like XVG is attempting to make a comeback after an Elliot Wave WXYXZ correction. It was brutal, but something can only go down for so long! Quick Elliot Wave Rules: Wave 2 Cannot retrace more than 100% of wave 1 Wave 3 must surpass wave 1 (i.e no double tops) Wave 4 cannot retrace into wave 1 territory So right now it looks like...

matthewmorganjoh

On the upside for AirSwap - I am actually incredibly bullish. They have an amazing project! For the longer term - 3 to 6 months - we will definitely see another Bull Run! BTC took everything down with it for the most part. That is one reason why AST is in a WXY correction. But that's okay, because that just means we will bounce back even harder! Long-term macro...

matthewmorganjoh

XRP BTC Ripple has had a lot of news lately! It hasn't had nearly the run it once had, but we are definitely trying to find some breakouts for Ripple. Here are some quick thoughts with some rough wave counts. The biggest resistance will be the 11,500 to 11,600 sat range. The wave count is a rough estimate of how we might get there, if you are planning to trade...

matthewmorganjoh

Here we see LTC breaking out of its uptrend channel and having a healthy pullback. Now we wait and see if LTC can break its previous resistance - confirming a breakout! Notes: We did break out of the channel. However, we did not enter a downtrend on the 1 hour chart. There was still clear support on the 55 EMA. On the one hour chart, the RSI was incredibly...

matthewmorganjoh Updated 

Already updating my last ICX Channel for day traders. The channel still holds true, but it's actually a bit tighter now. I decided to keep the original channel (since it is still holding true) but keeping an eye on the tighter channel for breakouts/breakdowns. The Yellow support line is the original channel. It will most likely serve as a stop loss. However,...

matthewmorganjoh

Here's another small time frame channel on ICX! It's basically the same as BTC's channel. It hasn't broken out of it or fallen below it. The channel is roughly a 1.8% channel, so it is relatively low risk. Which is awesome! Keep an eye on it, and keep an eye on BTC to make some solid day / swing trades!

matthewmorganjoh

Hello, day traders! I made a basic channel that BTC has followed today on its massive bull run. It looks pretty parabolic so far, but as of now we are still inside the channel. Even when dipping from $10,200 to sub $9,900! So there is no reason to sell just yet. It looks like we are in the midst of testing the channel, so if you are a day trader keep a look out...

matthewmorganjoh

Bad news for AirSwap. It doesn't look like it's done correcting yet, unfortunately. We can see a solid ABC correction after its messy, but technical, 5 wave run-up. However, after the first impulse wave back up, there was a solid second retracement, but the third wave failed. Similar to BTC, I see a double elliot wave combo coming for AirSwap. This is what happens...

matthewmorganjoh

Good news and bad news. The good news - the bear market is almost finished! The bad news - the bear market is not yet finished. Because There was a failed impulse wave around the $13,000 level after the first ABC correction, we entered an extended Double Elliot Combo Wave. In simple terms, this is just two ABC corrections linked together by a failed impulse wave....

matthewmorganjoh

What would it take for BTC to reach 1 million dollars by 2020, and save him from having to eat his you know what on television? Well, this. Using Elliot Wave Theory, most analysts agree that Bitcoin has only just completed its first Primary Cycle (several months to a few years). With this in mind, we can see that reaching a 1 million dollar bitcoin in 2020...

matthewmorganjoh

In the midst of Bitcoins gargantuan correction, a small light has emerged. Litecoin, completely forgotten after its $400+ dollar run and abandonment from Charlie Lee, has been on a slow and steady rise in BTC value. As we all know, alts follow the way of Bitcoin. Sometimes it is staggered, where Bitcoin will rise then alts rise, or sometimes Bitcoin will trades...