This is what I'm watching. Possible swing up to 4k again, but if we don't break the resistance there, I feel we will see a final correction to E (24-2500). Daily stoch still looks like it's growing, so that's bullish - but most other stoch indicators are falling or about to fall. The question is quite simple - Is this a correction of a grand Wave 3 or Wave 5?...
Possible scenario. With the Daily Stoch on the floor we are due for a pump, however - I think it will be short lived. I see the possibility that we will go to the original trend line from a LONG time ago - approximately $37-38. I know it's hard to believe, but BTC will be leading the way down. Good Luck!
Smaller Time frame - this is what I'm expecting. If we break the downtrend red line, we should bounce to around 65-66. However, it will most likely be a Bull trap, and we will go lower to 51 area. Be careful and use stops as we get close to target areas. Watch the RSI on the 15 minute if you are day trading! Good Luck :)
Well, Litecoin (like Bitcoin) - seems to be due for more correcting. The Fibs make me think $58.50 or so would be a good buy target. If we slip past that, look for an entry around $50-51. I doubt we would go below 50 for much time at all. Good Luck!
With the trend breaking right now, the next possible support is around 3900. Still a shallow correction in my opinion. We may bounce, and then go much lower. .618 fib at $3000 is entirely possible.
BTC at decision time. Exciting as always. Get the popcorn ready for the next 24-48 hours! I'm sure China News will be the push in either direction as usual. Could be a Bloody or Lovely week - let's see.... Good Luck and be safe with stop losses!
Now that we have a little more of the chart painted, I do believe that we are starting to see a large wave 4 back to the 90's. Notice how the fib extensions from Wave 1 perfectly match with yesterday's Wave 3 peak at $82.90. Once we are firmly over the 1 hour cloud, I believe we get back to the 90's quite impulsively - as long as news from China stays...
Playing Litecoin today on smaller time frames. We've gone through a complete elliot wave cycle from yesterday night and sold predictably around the psychological resistance level of $80. I'm expecting an ABC correction to the bottom of the 15 minute cloud (C) then consolodation before we start moving to the 90 range. Expecting 100+ in the coming weeks if not...
Like most BTC FUD, the worst day is the first day, and very quickly panic subsides and the sellers become buyers again. The China news will pass quickly and we'll see China (as usual) be a catalyst for another leg up to complete our Grand Wave 3. As you can see, we have a large trend line on BTC starting from July and we are extremely oversold on the Stoch RSI. I...
BTC needed a little rest after all it's mountain climbing, and she got some tonight. The sell offs were almost choreographed perfectly to touch the 6 hour cloud and keep the larger trend intact. There was some wonderful panic selling reminiscent of the old days! Hope you got some in the 3600 area. Expect a further push to 5100-5200 area to complete the Elliot...
Quantum is another new coin with very limited supply (100 million - always good to look at that!). It's just begun it's quantum leaps through our Elliot wave cycle. It probably won't be able to fix our past, but it should make us richer in the future. Target 1 - .008 Target 2 - .01 to .012 Enjoy!
FUN - well, with a name like that I just had to buy some. Looks like we are in at the end of a wave 4 correction. Any buys around .00000900 would be great for a swing. I expect we'll be having lots of FUN until about .00001450.... Enjoy!
OMG had a lot of people thinking "OMG - I'm gonna be rich!" but now that we've completed Wave 5, we're going to have "OMG - why is it not going any higher?" It is possible it goes higher of course - and for those that are LONG I wish you luck! However, I do I feel that this coin is thinking "OMG - i'm exhasted!" Possible retracement targets are indicated with...
Once we break the triangle we should start seeing more of the long term EW cycle. Could take a while, so be patient and get a good seat under .0021 if possible!
Looks like a nice wide cup and handle forming on XEL which makes for an Xellent trade. Don't be surprised if it dips down to .000165 as it needs to get that Elastic bounce up just as everyone thinks it's dead rubber. Target is .00038. Enjoy!
Like Neo in the movie the Matrix , ANS ( aka Mr. AN der S on), has become reborn into our savior, NEO . After battling all the Smith sellers today, Wave 5 has begun and we should begin to fly up to .009 just like at the end of the movie, the Matrix. Keep in mind that the joy and enthusiasm inherent in full enlightenment may push us to .01 or higher. Enjoy
Bcash has gotten some legs on this reversal. Looks like we'll see a wave 5 here up to the support/resistance point of .16. I would think we'll see this target by tonight or early tomorrow morning when I'm trying to sleep, but can't because I'm watching charts. happy trading!