rigorocks

rigorocks Updated 

Ontology is in a ascending triangle pattern. There is a higher possibility for this to breakout to the upside than the downside. As with other cryptos this pattern has turned out to be a bottoming formation for 2019.it would be unwise to assume this would be different. We also have a elliot 5 wave impulse building. We did get a golden cross on the moving averages...

rigorocks

Although I am not a fan of this centralized crypto there is a trade here to make some ethereum. We are in this clear bull flag/falling wedge. We are at the 78.6 fibonacci level and this would be a good time to accumulate this asset. The next level to accumulate is the 89.3 fibonacci level. The daily rsi is diverging.i would expect for this to really start moving...

rigorocks

This is very bullish for neo. Congratulations Neo team working on this project for fighting through the bear market.we have great potential upside here with the fibonacci retracement putting us between $100-$120 for profit taking. These computer algorithms make it a bit easier to predict the markets.nice volume on the breakout of the pattern. We have a golden...

rigorocks

trx seems to be on a daily downtrend after the deathcross but that doesnt mean there is no short term play here to go long. i see 5 waves up with a 78.6% correction inside a falling wedge. you risk 3 percent to make 15-20......looks like we have a reversal candle on the daily as well. im in it to win it are you?

rigorocks

as a trader we must think logically not emotionally everyone is screaming bullrun for bitcoin but that doesnt mean you cant take advantage of a trade oppportunity. i am bullish on bitcoin but we have moved quite a bit away from our trustee 200 day moving average. it would be nice to come back and bounce off of it. so let me explain. this market has proven itself...

rigorocks

This trade setup is 4 years in the making since this ascending pattern has been in play since 2015.if you want an example of a reversal/ascending triangle pattern breaking to the upside checkout bitcoin daily chart in the last 6 months. this broke to the upside so I see tremendous opportunity here on this chart. Simple analysis. I'm buying longterm calls. I'm on...

rigorocks

havent done one of these in a while im doing btcusdtether on binance because it shows clearer market structure than bitfinex to me. the recent price action we have seen with bitcoin might be a red flag with the recent extended 5th wave. (we moved too high too fast and we all know from 2018 what that can do) as you can see on a larger degree we are in a falling...

rigorocks

hope you all had a happy thanksgiving.time to get back to the grind. this is one of the harder elliot wave counts but if you zoom into the 1hr chart its there. we are waiting for one more push down to the macro 50% fib retracement. it looks like the algos are targeting the 50% fib level and the smaller 1hr elliot waves are lining up to meet that target. that...

rigorocks

5 beautiful elliot waves down to the .38 fib area.we have a bounce up to the golden zone on declining volume. looks to be a bigger abc correction in the making most probable place to take profits on this bounce is the golden zone. re entry points would be an all time high breakout or the .50 and golden zone of the bigger fib pull. we are below the 200 ema on 4hr...

rigorocks

Now that we have more information we can begin to build a case of probabilities. we made 5 beautiful waves down from the top. so im looking for a bounce to the fibonacci golden zone and a further correction down. the golden zone is between the .618 and the .65 fib range. it seems to be backed by the idea that this bounce is happening on decreasing 4hr and daily...

rigorocks

litcoin here has hit the 89.3 fib level while inside this wedge. there are 5 clear elliot waves to the bottom of the wedge. daily rsi divergence followed by macd divergence will allow for this to be categorized as a longterm LOW risk trade. with a stop under the 89.3 fib range makes for a good setup. i have shown you guys this setup in previous charts and it works...

rigorocks

this is one of those cases where you wait for targets to be reached as they create divergences and complete elliot waves.i have reason to believe amazon will reach another lower low longterm. im reading this as a potential ABC correction. we could be off to the races from here and make new highs with the daily rsi divergence that we have but you cant just ignore...

rigorocks

The infamous 1 day chart. when most people see an asset fall this much they are afraid to buy. not me. i see opportunity here with a great risk to reward potential. This asset closed today on a doji reversal candle, very close to the 89.3% fib level while inside this wedge pattern/flag pattern. we are oversold on this daily chart as well. we dont have daily rsi...

rigorocks

here is another awesome potential setup coming soon. its looking a lot like my doge/btc chart lol. casting a nice ladder into this correction can be very profitable. as we work out the elliot wave into smaller groups we notice that we are carving out a potential 5 wave sequence(in purple to our fib targets.when we dig into our 5th wave(in purple) we notice another...

rigorocks

most people have favorite cryptos, i just see a chart and a trade. this is as good as it gets in trading. why not take this trade with a stop under the .65 fib level? the wedge inside the golden zone with very strong 4hr rsi divergence. the 4hr candle at the bottom made a nice bullwick also.amazing what technical analysis can do for your portfolio. learn to be...

rigorocks

i have built a bear case for ETC/USD on this 4hr chart. we are still trending well below the 200 ema so i have to remain short term bearish. if btc pulls back i can see this defintely playing out. with 5 elliot waves down to the target and fibonacci confluence. it makes it hard to ignore that lower trendline as well. hope this helps. good luck guys and gals. use...

rigorocks

Daily chart Ethereum has lost 89.3 percent of its value. this is also a key fibonacci level. it bounced off this level and has broken the major trendline from jan 29th and held above it a couple days. it has broken out of the bull flag thats inside of the giant falling wedge pattern. the daily rsi has bullishly diverged so i would not be trying to short this. The...

rigorocks

looks like a minor correction is under way. my chart shows a short term potential play here. with a small push up to complete the wave 4. Wave 4's usually have 3 correct style waves aka an ABC. ultimately i show us getting dragged down to the 2.618 fib level that lines up with an area of previous support (green box). with that push down itll complete 5 waves and...