All that goes up, must eventually comes dowm. Though a well known fact, it is always difficult to know why.
Apha Homora, a roaring DeFi platform that has witnessed meteoric rise for the past few months is taking a nose dive all of the sudden.
Following an exploit on Alpha V2 which let attackers utillizes flash load exploit to get away with large sum of money on...
ETHUSD is forming a nice setup for end of wave 4 on the daily time frame.
If support trendline holds for the next few days look for an opportunity to go long. Initial target for Wave 5 is around 310-320
If the trendline is cleanly broken then we are looking at a sizable retracement down to around 200-180
BTC has been looking good for a few months now and the Elliott waves formations are building up for a big break out some time in the future, will that be soon or months / years from now no one knows.
BTC is no approaching a major trendline (drawn from OLHC4 line chart) and judging by how it reacts to the resistance will be indicative of how it will behave in the...
The rise of ETH the past few days were pretty interesting. So I decided to spend a bit of time trying to figure out the internal structure of the movement using Elliott Waves and Fibonacci analysis. (Which does not have to be correct in anyway, but it's fun.) I don't usually go in to the intraday movement analysis but it turns out to be rather interesting, with...
XRPUSD main support from previous analysis still remains intact
Despite how much I disagree with putting any money in XRP, we are looking at a very interesting point of entry for medium to long term.
This, however, could change iof price breaks below $0.29
The last time we take a look at BTCUSD I hypothesize that $6000 level is most likely a major A in a large correction from the beginning of 2018
The hypothesis would stand if price rises significantly before dropping below support level.
However this is not so. As BTC price plummets below $6000 in just a few days, signalling that we are looking at something on a...
Elliot Wave & Fibonacci:
Possible Major wave 2
Testing Fibonacci target
If target support broke then there's a high chance that recovery will not be possible in the short-medium term.
Summary. Watch support, if support holds then it might be a good I dea to get in a long position, otherwise look elsewhere.
EVXTHB (similar to EVXUSD)
Elliot Waves / Fibonacci | N/A Price has no defined low. (Still making new low)
Divergence: Weak Bullish Divergence
Summary: look elsewhere. (Also not a time too short)
People ask me how I do my Elliot Waves and this is how.
I tend to look at the big picture and focuses only on what I can tell.
And this is my big picture right now.
Current BTC price have broke through my target but not by much.
If the bull can resist the sell orders then we're looking at the fifth degree of fibonacci target.
#Long since $200
BTC is testing previous high
Still holding on to Long position from 604 USD
The current price is acceptable for a normal wave 5 target.
If price breaks above this point next target is around 944 USD (extended 5th)
If price does not break this point then it might go down to around 375 (ultimately)
No changes to current position
In october I drew a target box for BTC usd as seen in the picture.
The price has now reached that target.
The next few movements will determine the general direction of the coming trend.
My question here is.
if the target holds and price drops -> Wave 4 hasn't ended.
if target doesn't hold -> we're looking at the fifth wave that will most likely make up a major...
Base system says short
On election day, gold shot up through its previous hifh. being an end-of-day trader I waited for close to consider buying or selling.
Gold has been in my prebuy zone for quite some time, the rise on election day al,ost had be buying on spot. I decided to just follow the system as there are no other bullish indications. At the end of the day...
My last assumption on BTCUSD was that it is in a wave 4 (primary) correction.
For that assumption to be true the target 653 and 590 must not be broken.
As it turns out, they were broken down very decisively, this is a good clean signal hinting at a major wave 2 correction instead. ( Which I've also mentioned in my list of possibilities)
These are the new...