spruce_g00se

spruce_g00se Updated 

I think NANO has completed it's first major wave of a recovery in line with BTC turning more bullish. I think we will see a pullback/ ABC correction in line with BTC pulling back to 4450 - 4650 region. We can then go long on the next wave for 50%+ gains against BTC, expected to be in line with BTC pushing for 6k, so potential for 100% gains against the doller. In...

spruce_g00se

This is not a prediction but just an observation on how beautifully NANO has sat in ranges defined by Fibonacci levels and then broken exactly at a time defined by a Fib time extension. This isn't just NANO but the whole market working in unison to some underlying interconnected mathematical magic, but it's illustrated great in this chart.

spruce_g00se Updated 

Here is an attempt to guess where the bottom for BTC could be, and where/when we might go next. We have already retraced more than 0.786 from ATH, so this is really finger in the air stuff. I'm taking the bottom of the bull run impulse at $890, although this is debatable, it has top be there +/- $300 or so. For me, logically unless we get a 100% retrace, there...

spruce_g00se Updated 

ZRX is looking pretty tasty here - it's retraced from the 16th Oct high almost to the 0.618 in a nice descending wedge, with bullish divergence on the 1H over recent days. I would really like to see one more dip down to put in a reversal point right in the "golden pocket". An entry there, say 10.6k to enter at the top of the golden pocket, would mean up to 83%...

spruce_g00se Updated 

I kind of like the look of this trade, although I know little about the SALT project, it looks like they have a live lending product. It looks like it was relatively resilient to the BTC dive yesterday, compared with some other alts. Could either go long now as there is some bullish divergence on the last two lows in the wedge (1H) - or wait for it to break the...

spruce_g00se Updated 

ADAUSD broke up from an triangle and descending wedge pattern and now looks to be starting the next major wave. There is currently bearish divergence on the 1H so I expect a retrace in the next hours and will be looking for buys in the region shown where I expect it will find support from either EMA200 or prior support levels to facilitate a reversal. From here we...

spruce_g00se Updated 

This is a beautiful looking setup on the 4H, with an exact 0.618 retrace from the recent high and then a clear turn back up with volume. If we get a small retrace back to the prior support and 1H EMA200 at around 711 sats I will buy there. Looking for 100% - 125% gains by January.

spruce_g00se Updated 

CMT bottomed out after a 0.786 retrace from 8th Oct high, we double bottomed and now look to have a clear reversal and break up from the descending wedge. I am already long on this one, there is potential for 87% profit if I have the patience to hold to mid December, but I may partially exit on the way up and perhaps try to trade some subwaves.

spruce_g00se Updated 

Since the reversal and break up in August, NANO has been going through an extended period of consolidation, which now looks to me to be a large ABCDE closed triangle correction. This is normally a continuation pattern and so we would expect a break up and hopefully to continue wave 3 of the master sequence. We could trade this with an entry now or on the break,...

spruce_g00se Updated 

In my previous two GVT ideas we traded subwave 3 of this sequence for up to 70% gain and subwave 5 for 47% gain (which could have been much more for those of you who got better entries and exits). Now I am sure we have completed a five wave sequence and we're looking for the retrace across the whole sequence via an ABC correction. We don't know if this correction...

spruce_g00se Updated 

XLM is looking really interesting - it has broken above a long-term descending trend line with volume. I am hoping for a decent correction now which will give us the opportunity to define the Elliot Wave sequence - giving some more predictability to the move - and let us get in at a reasonable price. I'd like to see a proper retest of the 9-month descending trend...

spruce_g00se Updated 

ETC has been relatively unaffected by other alts pumping so far. However the signs right now are really bullish, I have annotated them all on the chart. If it breaks my expectation would be to ride gains of 40% to 90% within less than a month.

spruce_g00se Updated 

With the BTC drop, IOTA fell into the current range bound area and invalidated my previous count. Here we have a new count indicating we are currently on Wave 2 with the potential to complete this wave at the 0.786 retrace, which would be ideal for a trade. Even if IOTA does not break on the next attempt upwards, it would be worth trading the channel as there's a...

spruce_g00se Updated 

In my last GVT idea we traded Wave 3 for up to a 70% gain: . We hit the target very nicely and quite precisely, even ahead of time. Now we're looking for entry points to trade Wave 5. We have resistance here at 155k and I would now expect a retrace to complete a wave 4. This could be anything from 0.382 to 0.618, indicating a buy zone to go long again between...

spruce_g00se Updated 

Nano is in a descending wedge from the 26th August high, getting ready for the next break up. There are two alternate counts at play (see my previous analysis for the first) and I now favour the second count shown here. This suggests that we can drop further to the 0.786 retrace but maintain a valid descending wedge formation for another break upwards. The buy...

spruce_g00se Updated 

Genesis Vision will launch their live platform in October and there is likely to be price action in the run up to this event. See blog.genesis.vision for more details on the product development. It looks like GVT bottomed out in mid August and has since commenced the climb back up in advance of this event. An Elliot Wave count suggests that the move so far was...

spruce_g00se Updated 

IOTA has turned the corner and appears to be on an uptrend again. It currently looks to be in an ABC correction, which I don't think has been completed yet - whilst the 4 could be where marked and we go up from here, I think more likely the 4 will be put in lower down. Based on the count given, we could see this come back to the 0.5fib around 9.3k sats, or I think...

spruce_g00se Updated 

NANOBTC appears to be trading very free without external events influencing it and with a very strong initial impulse and increasing volume, so it should be a good target for Elliot Wave analysis, here combined with pitchfork and resistance/support levels (green lines) from the past months. This is all dependent on BTC staying in its current range - if BTC drops...