richardhurford

richardhurford

This Weekly Chart Looks Like A Huge Distribution pattern that's about to show its downside hand. Smart money has passed off its positions and the hunt for liquidity took weeks and weeks.

richardhurford Updated 

Taking the price movement from an Elliott wave Perspective. Are we in a ABC correction? We have had 5 waves down from the Top. We have bounced. Is this the B wave which is made up of 3 smaller waves abc. Are we currently in the c wave to complete the larger B wave. Often small c waves are of a similar size as small wave a, which would complete around the 48-50k...

richardhurford

Sol Breaking To new highs as most cryptos are selling off today- a sign of strength? Fib target 100% of previous swing approx $65. We have a daily squeeze with positive momentum. If this plays out maybe we get a 161% fib target

richardhurford

On the 4hour chart prices have risen at each stage, forming a diagonal exhaustion pattern. This coupled with a loss of momentum on the MACD is pointing to a Bearish Divergence. If the break occurs on the downside then a wash to 40-41k is possible with very strong support at these levels. See what happens, its not confirmed until it breaks. My strategy is to sit on...