nickd534

nickd534

Pretty much all the information is written within the chart itself. To sum it up, from June to October 2018 there was a pattern that had developed after NFLX reached its high. There was a 7 wave move to the downside that made 4 consecutive lower lows while forming divergence on the RSI + MACD. Followed by the breakout, price hit some sort of resistance and formed...

nickd534

Just had a quick look at the 4hr Bitcoin chart and noticed that the last 2 price swings have looked very similar. A large, quick run up in price followed by a lengthy consolidation in a tight range (flag pattern). Then price breaks out and has another large, quick run up in price followed by another consolidation in a triangular formation (pennant pattern)....

nickd534

This morning as I was looking at some charts, I came across an older chart I posted about that had Dec 17 2017 pinpointed. December 17th was the date we hit the ATH of the infamous bull-run. I thought to myself, December 17th is coming up and things are looking more bullish to me than before. What if make a yearly low right around the same time a year ago when we...

nickd534

USD/CAD showing bearish signs on the weekly chart Double bear flag scenario looks to be in play Measured moves for both bear flags co-inside with each other to create a good amount of confluence Major Confluence Zone = Green Box 1) Larger bear flag measured move meets the move of smaller bear flag and 61.8% fib level 2) Smaller bear flag measured move meets...

nickd534

Here is what i see the BTC -3.89% chart to be as of today (06/13/18) Using elliott wave , median lines, pitchforks , supports/resistances i have been able to come up with a valid zone for Bitcoin -3.89% to bounce and perform a reversal. Many valid confluences have been found within the chart: 1) Pitchfork Median line lines up perfectly with the 2 support...

nickd534

One of my possible counts for BTC This is my bullish count where BTC has 3 potential plays: - If $8818 holds we will see W2 (pink) completed as a deep retracement - If $8818 doesnt hold we may see a 1:1 Extension from A-B (green) which would turn out to be a double bottom - If $8818 doesnt hold we may see the price bounce between the $8500 - $8760 region...

nickd534

One of my possible counts for BTC This is my bearish count where BTC is forming an expanded flat Projection roughly: $8300-$8550 Let me know what you think!

nickd534

There have been many different counts for BTC within the past week or so. I believe it to be an ABC correction still. Noting back to my previous chart i posted, the length of that ABC after the 5th wave was just too short to be a full correction in my opinion. Here we are with my full count and final wave of the ABC! I believe that we are on the C wave and the...

nickd534

Bitcoin Update for Wave 2 on the 30 minute chart Looks like BTC is on the last leg of the correction (C wave) Here is my analysis using previous time length, fibonacci retracement + extension & elliott wave - Only 21.5 hours from wave 5 to correction low(previous waves 2 and 4 corrections have taken roughly 2 days and a half - B wave hit between 0.5-0.61...

nickd534

BITFINEX:LTCUSD This is a potential bullish count if the bottom has already been established at $109. Some indications as to why this may be the correct count: - We have completed a WXY correction from the all time high (wave 1) and it retraced to the 78% fib level which is normal - RSI levels have broken the downtrend resistance and now have created an...

nickd534

This could be the subwave 2 on the larger W3 for Bitcoin if it holds above the $6000 level. I am seeing a WXY correction currently in this subwave 2. The specific rules + guidelines for ABC and WXY corrections provide confluence to holding the support at $6000 If we get a deeper retracement than 38-50% for subwave B it's a bullish indicator + could see a bounce...

nickd534

LTC/USD setup as of now Bullish Points: Falling Wedge - With the wedge at the 78% fib level, we could see a bounce around that region. Also, the support trend line happens to be in this area as well which provides more confluence to this possible bounce. RSI - Showing a series of higher lows, could be indicating a trend reversal. Also, an example of...

nickd534

Here is my bullish view on Litecoin. This looks to be the bottom of the ABC correction for LTC/USD If the price breaks below $103, we will resume correction and end up with a WXY count where W1 would be a failure (X) If this indeed is the bottom of W2, my predictions are noted in the chart text Let me know what you think!

nickd534

This is how i feel about Bitcoin: We are currently in an ABC correction of the previous 5 wave structure. We have confirmed the bearish count as we have a clear B wave Currently on C wave (looking for our 5 subwaves) Using fib extension from AB and subwaves, my prediction for C wave is roughly $6200-$6500 My prediction of C wave (SW 5) also has confluence: 1)...

nickd534

Here is what i believe to be the 2 scenarios for BTC Read the yellow text in the chart for explanation on the 2 counts Bullish Scenario is Green (Impulse) + Yellow (Correction) Bearish Scenario is Red (Impulse) + Pink (Correction)

nickd534

Cardano #ADA has been in a long correction. Is this the bottom? Many indications point to yes but we never really know with Crypto. - ABCDE Correction formed a falling wedge, usually after E wave we will break the triangle - Total correction has reached 78% Fib Level, there is not much more support under this range and will fall right down to the 100%...

nickd534

Based off my last post there were 2 scenarios i had talked about. I did not mention the possible truncated 5th wave scenario. I believe this has become the case where the 5th sub wave in C wave ends off in a truncated position (above W4). We can look at this as a bullish indicator as the bears failed to push it below the 4th sub wave position. What we are looking...

nickd534

LTC/USD Bullish and Bearish Scenarios Bullish Scenario (Green): ABC Correction is done completing W2 on the larger scale Elliott wave. W3 is confirmed after we pass the $214 level (sub wave 1 resistance) Bearish Scenario (Pink): ABC Correction isn't done completing. C wave still needs the 5th sub wave (extending to the 161% level) creating a double bottom ABC...