mostly_george

mostly_george Updated 

Looks like the support is holding up, forming a Doji right on the line, We could get another bounce up

mostly_george Updated 

XMR looks like it found a solid support but its not ready to go yet. it will probably come near it again , form a double bottom and rocket up for at least 6% gains

mostly_george Updated 

XRPBTC Cup&Handle breakout ,self explanatory.

mostly_george Updated 

An ascending triangle is forming. Good trading setup for a 4-5% profit in hours.

mostly_george Updated 

BTS is going to retrace from the bounce. Wave A is complete, now, its time for corrective wave B.

mostly_george Updated 

We might be in a Wave 1 Leading Wedge of a correction

mostly_george

lets go ltc

mostly_george Updated 

We're in the Ending Diagonal of correction wave C of the 4th corrective wave. Trend reversal is imminent . For bigger picture see attached chart

mostly_george Updated 

Great BTS short entry. Wave 1 has ended and wave 2 has rocketed to the biggest price possible ( in order to no violate the wave structure) . See attached for bigger picture

mostly_george Updated 

It looks like its forming a Rising wedge. This is the ideal location for a rising wedge : the 5th wave of a C wave. Will try to make some cash on the bounces and place a short near the end. * the final waves should be closer to eachother

mostly_george Updated 

We're in the 4'th wave of the C correction There should be another wave 5 up, it will resume the downward trend. Closing all my trades until wave 5 plays out. Will range trade in the triangle\wedge

mostly_george Updated 

I messed up my labeling/ prediction in the last chart. here is the correction. The overall direction was right tho, just because the higher trend is down. Price is at resistence, could be a good entry for short. Place stop loss.

mostly_george Updated 

Update on larger scale chart We're in Wave 4 of A . Double Three with a Triangle Y correction pattern elliottwave-forecast.com

mostly_george Updated 

BTS will correct a bit after it broke out of the channel, forming corrective wave No 4 , but it shouldn't get higher than D (3737) Open trade : as near as you can to 3737 Target: 2500 Stop loss: a close after 3800 We're in a Double Zigzag correction : textbook form here www.elliottwave.net

mostly_george Updated 

I'm a fan of bts but looks like the last Elliot Wave was a DUD and it confirmed that we're in mostly in the CORRECTION of a bearish market and NOT IN A BULL MARKET. There is another 5 wave downward correction in wave C The chart looks like Elliot Wave zigzag correction pattern: 5-3-5 correction Stop loss: a high upper of B ~ 4900 .

mostly_george Updated 

There is a strong possibility that there is another rally coming. Here's why 1. The wave principle has not been broken by the new low. The 4th wave has not overlapped Wave 1. This means that we're due for another impulse wave. The guidelines says that it should be similar to wave 1 in length 2. There are reversal candles near the trendline support. 3....

mostly_george Updated 

The support held and confirmed the 4th wave completion (corrective wave). Because we had an extended 3rd wave, the text book says that the 5th wave will equal in length the first wave. This gives us a target of 5100 which is also a past resistance. Trade active from 4100: Stoploss- a close blow the channel support line

mostly_george Updated 

BTS forming a bull flag . Where to open the long position: Option 1: Wait for breakout of resistance to buy. Stop loss if it closes bellow the resistance. Option 2. Wait for a Reversal candle at support ( Hammer , bullish engulfing ) . Stop loss -> a close bellow the support. Don't buy unless you get a signal. It could go either way at this moment as ETH ...