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
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...
Finally! The triangle has been broken.
BTC shoots up quite a fair amount last night, putting it clearly out of the triangle.
This seems to be a good buy set up.
I personally have a small position in as a 'prebuy' position.
Long term investor should look for a little more confirmation signal before jumping in.
If BTC is really going up then the target for the...
In my last analysis I specified two possibilities on how and where the current Intermediate wave 4 will end. (And two more where is this not even EW 4 that we're in!)
1. Int. Wave 4 have ended (on June 29) and we are going up further into wave 5 and
2. Int. Wave 4 has yet to end and will have to come down to form the Intermediate C wave
So, possibility no.1 is...
Another look at the BTC chart, this time with a slightly different assumption for the end of primary wave 1 (blue box)
As intra-day chart shows a hidden 4-5 pattern. This seems to fit much better on the fibonacci scale than the last time.
For the chart I use a line (H L C /3) chart to reflect a weighted median price.
If this assumption hold, we can project a...
Looking at the BTCUSD chart, there ae several ways to count the waves but all (save one, in a world ending scenario) points towards a major up trend with a Super Cycle wave 3 that could potentially reach $2000 or higher.
Mean while, on shorter-term view, a primary wave 5 is coming to an end, or have ended. The five waves should make up cycle wave 1 at around...
GBPUSD chart is a tricky one. The waves doesn't hit the Fibonacci target as well as other charts I've worked with. This, of course, may be due to my assumptions being faulty.
I have tried to look at it from several angles and still couldn't find one that fits perfectly. The idea show here is but one of many.
If the hypothesis is correct (That GBPUSD has been in a...
This is where I closed my short order for ETH/BTC in my Short-term speculative portfolio.
I use Fibonacci and Elliot Waves analysis for my speculative portfolio and ETH/BTC has reached an acceptable target for what seems to be a minor wave B inside an intermediate wave 4 inside a primary wave C. (Which is most likely inside of a major wave 2)
For my short...