rickyricardo531

rickyricardo531 Updated 

So, Im not going to sit here and chart bull charts all the time and not give you guys some dose of reality. I chart with enthusiasm but I also dont trade what I cant afford to lose/hold. Have fun with it, enjoy the roller coaster, dont fear it. Having said that, no one knows where the market is going to go, but be prepared for all scenarios. I placed a 5...

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Litecoin triangle with elliot correction wave. High volume spikes noted with horizontal lines.

rickyricardo531

New triangle, new post. Lets try this again Bitcoin.

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Price channel and falling wedge shown. Likely a move up soon.

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Tracking ichimoku, so far were in a rising wedge short term; triple bottom long term. Looks like we can be seeing break out of the first triangle if the MAs crossover (blue crosses red).

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May be completely wrong. Heres a bullish price channel. Daily chart posted below.

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Using the PPO (simplified MACD) and EWO (momentum oscillator) finding correlations that are confirming bottom from historical lows/prolonged sideways consolidation.

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Mapped an Elliot correction wave (A-B-C), with a possible incoming impulse wave (1-2-3-4-5). Trend lines are correlating. PPO signal seems to be finding support.

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As title describes, falling wedge pattern developed and could be indicative of a bullish signal, currently the elliot wave oscillator is indicating another short term downtrend (see red arrow). Flat spots on the oscillator have historically predicted another fall before the real up trend begins. Lets see what happens.

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Same technique applied to BTC that i used in my LTC Ichimoku VPVR chart. These are for approximate not exact price targets. Ichimoku currently saying down, however compared to the last downward push, its less severe.

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Trying to keep it real simple lately. Price is in the red clouds meaning a likely downtrend; however the bottom of the cloud and the support level below it can aid in a bounce upwards. I labeled the possible price areas using the volume profile.

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As the title says. Projections are based on extended trend lines. Zoom In/Out for detail. This is using all my previous trend lines in one consolidated chart. I did my best to lay the lines down as accurate and as least arbitrary as possible (all have atleast 2 points of contact).

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Its looking good for LTC indirectly when BTC is closing above the ichimoku cloud. Its now floating in the 11500-9000 support/resistance channel. Is BTC the ultimate leading indicator for LTC? Well find out. NOT FINANCIAL OR TRADING ADVICE. JUST MY THOUGHTS AND PERSPECTIVES.

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Apparently LTC has broken yet another resistance barrier. The dotted trend line was my last attempt at reaching for a strong resistance level; it seems to have run away from resistance and is creating a new trend. Ichimoku still has not confirmed the bulls (price is still within the red cloud and has not closed above). These are the times that being patient...

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Elliot waves follwing Gann fan. Volatility index shown below; are we due for some volatility? I think so. Not before a small dip. NOT FINANCIAL OR TRADING ADVICE. JUST MY OPINIONS, AND PERSPECTIVES.

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Gann fans and ichimoku showing resistance. Gann fans showing support from new uptrend with overlaying resistance from the last downtrend. Fun fact: Wherever the price hit the line, the fan was able to predict the price at that particular date and time. I posted another picture below showing if i would have placed the 1x1 line midway the downtrend and caught...

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Cleaned up the chart and just left the last leg of the Elliot triangle wave (D-E). There are 2 fib traces: 1) Overall high/low 250$ to 100$ 2) Previous high/low of 165$ to 109$ Slow and steady. Patience. Not financial advice.

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The elliot triangle wave looks to be holding true (ABCDE) and that means well be consolidating soon and maybe take off later. (YELLOW LINE) If it doesnt hold, then it was a simple correction (ABC) and we are at the start of a new Elliot impulse wave (this would be wave 1-2) moving upwards. (GREEN LINE) Worst case scenario is the red line, where we have a sell...