soswijk

soswijk Updated 

On the 4h chart we witnessed an Elliot wave and its corrective counterpart, which was followed by a period of accumulation between the triangle, in which the fluctuation of prices would become smaller and smaller. In my opinion, there would be an upward breakout in which Vertcoin can gain some momentum and maybe retest old highs. Looking at the chart it would...

soswijk Updated 

Is ripple forming a gartley pattern here? After reaching a high around 19k sats ripple corrected to around 12k sats, which meets the requirements for the first part of the gartley. Atm it is on its way to form the C point of our pattern. Will try to keep you updated on this, but that might be hard to do on this NYE. Any thoughts or remarks from you would be...

soswijk

I am relatively new to technical analysis, but I wanted to share my opinion on this matter and get some information on what you think of the chart. From my point of view bitcoin is forming a head and shoulders pattern, indicating it should tend to get even lower. However my question on this is whether it would touch the support around 12000 or drop even lower...