roaken

roaken

Extending out the Impulse Elliot Wave on BTC with ABC correction. 3 structures total before hitting our 13800 resistance. At which point I expect to see a larger correction back to 10k-11.5k Notice the height of each wave on the projected fork. Expecting BTC to recover at 10.5k today. Happy trading!

roaken Updated 

I was not expecting a double top today at this resistance point thinking people would be more bearish, but clearly LTC wants to break that 240 point, AND SOON!. After touching the top today, a sell off was expected, what was not expected was a retracement back to bull HALF WAY down the candle! I believe this just shortened our timeline for next bull run to the...

roaken

This is a creative projection of Ethereum based on its recent spike, FIB retracement levels and market action of the previous wedge. With that same ratio, this is what the next year for ETH could look like. PS I don't trade ETH because it's chart always looks like static to me. Always a good HODL though

roaken Updated 

PPT almost touches the bottom line resistance today but looks to recovering bullishly after a quick ascending wedge. I've been watching PPT since it's massive volume spike days ago, its just waiting to pop.

roaken

Consolidation almost over. Going through a bullish wedge atm. Resistance has it popping right after tradingview market reset 15:30. Day traders beware, swing traders like me HODL! LTC is paving its own path at this point apart from BTC. Very unknown market right now. Charts are unreliable when you're moon shotting, trust in the journey to the moon :) That's what...

roaken

153, 151, 148, 146. I like to go 25%, 25%,25%, 100% from highest to lowest. at 146, there will be a bounce, and I can play it many ways to make a profit. These are the FIB lines shifted to nearest support or resistence lines. Let me know if this helped you. Placing buy orders on the risk % takes a little more time but is always worth the effort to mittigate risk.

roaken

Anyone else confused by LTC's chart? I put an X next to the numbers of EW that failed. Also there's a big ? section on the graph for a section of the graph that just confused me. GOOD NEWS We actually have a clean EW going on atm, which I'm thinking will bring a clean ABC correction. Would love any help on these charts. Been looking at other TA, and not yet...

roaken

LTC has recovered very bullishly from this recent dip. I've mapped all the convergence points on the upcoming bull run. The more points and the larger the dip, the more important that point is as the new resistance to punch through. ALSO, there's a major linear trendline that hasn't been broken in months since 420. LTC really has no real resistance as most of...

roaken

I've been trying to graph out my Elliot wave on the current structure leading to this point and kept thinking, WHERE IS THE 3rd WAVE? heinsight is 20/20. Clearly we didn't get the push needed to hold up this INITIAL bull run up to the 9.2k resisteace before pullback. I've mapped out an ABC correction for this structure that runs long as projected by the caps...

roaken

Went through and drew out all the major resistance line for BTC's current structure. Then I looked at previous recoveries. It appears BTC will check each line before getting to the top, aggressively not dipping back to check the major trend line once. Then BTC will FIB out once the top line is reached. Specifics on this chart are based off of convergence data of...

roaken

LTC usually copies BTC 1:1 especially at this point in the market where we're looking for a recovery support level. Most likely due to news of LitePay, LTC is already rebounding with bullish tones. Drawing a FIB wedge on LTC using major support and resistance trend lines would have LTC Consolidating to $145 on FEB 12th. Expecting a bull run that may out pace BTC.

roaken

If BTC is to recover from this massive dip and stay in a bull market it CANNOT go lower than 6600. This is the point that BTC broke out of its last structure and into our current structure. If it goes below 6600 we can expect a fast drop to 5400 followed by an even more big drop to 1700 for support. My personal opinion: I don't think the whales that are pushing...

roaken

DA 0.00% is definately back to the races again. But before it can really go up we'll have to break through this long structure ADA 0.00% has created, cycling back through our colors till we're back to dark red. This type of bottom color cycling pattern trading is a new theory I have and is in it's testing phase. RED: The End last point of change, Most...

roaken

A fun experiment of tracking the DIPS on BTC -7.20% . Ping-ponging color and line thickness in repeat. Does this say anything about BTC's patterns?

roaken

LTC found the top of major restence and will FIB out till Feb 12th to find a break out pressure point. Following BTC's earlier rise, as in previous BTC recovery graphs

roaken

I've spent a lot of time studying the previous 3 waves. Counting it's peaks, and action after each surge. I believe we're on wave 2 of a new set of 3. In the previous set of 3 a fork could be used to see resistence points. I've applied that same fork to our most recent wave assuming the bottom is 7900-8200 as it should. Also I've projected the height by copying...

roaken Updated 

Spent some time research the previous 4 market structures of BTC today and discovered each wave has 4 points that mark a wave's progression. After 4 peaks BTC has historically and presently had a major dip. After the dip BTC goes through a FIB wedge, consolidating and building up pressure like a spring. After the FIB completes we're back to the bull market and on...

roaken Updated 

Running trendlines on a day chart for consolidation of BTC's 20k pump, it looks BTC will be back to a bull run Feb 02. Until then expect a pump over the next 2 days and pull back to 11500 on FEB 02. These trendlines were formed on support from previous 3 structures support line on a log scale to account for parabolic BTC.