Good example here of a retest after a breakout finding new support at the top of the descending triangle.
Entered a long position at .43 the retracement didn't drop to my target but it looks like we are going to bounce here.
Bullish divergence on the RSI. Short-term is bullish today but it will be dropping again so beware :)
Heads-up! Keep an eye on BTC it looks to me like it is starting to break down... confirmation will be when it drops hard haha.
still some retracement to complete for that last sub-wave 5 to complete the ABC in my opinion.
Here is that warning I was warning you about :). No guarantees in trading but watch that rising wedge it is ready for a move and I see RSI divergence, MACD bearish crossover, histogram down ticking. just saying... be careful @cryptomarc
Bitcoin still has one my dip to go to complete the full ABC correction. My price target for sub-wave 5 and the completion of C is 4700-5000 in my opinion. @crytomarc
I jumped the gun a little yesterday night as I believed the final 4 was completed with a failed breakout but it made another attempt at the bull flag with a successful breakout. Wave 4 is near completion and we are about to complete the last 5 sub-wave of the C wave to complete the full ABC correction. My target for sub-wave 5 is .033-.030. it has been a long...
Wave 4 almost complete and about to start that final wave C correction to complete the ABC. Bottom target for C wave is .33-.30 in my opinion. @crytpomarc
Tron didn't play out as expected before the dip to BTC 5 -5.5k. Tron had a false breakout on the bull flag and I'm fully expecting a retracement of .03 or lower Monday or Tuesday to complete the final corrective wave. Personally I will be holding my TRON as I was long anyway but it might be a good opportunity to cost average a little here for the bull run. On a...
update on the 15 min... watch that RSI support and set a stop loss
Watching that RSI histogram as it is currently bullish diverging, RSI support noted so watch if that breaks down, RSI histogram starting to flatten out and tick back bullish. This is the setup for the last bull push before we dip to complete wave 2 (sub-wave C) No advice just my opinion. If i'm wrong I always eat my loss not yours haha @cryptomarc
I'm still expecting one more bounce up ofor tron before we dip to that bitcoin 5 to 5.5k range. If we do see that bounce up i will more than likely take some altcoin profits and rebuy on the bitcoin bounce. Just my opinion do your own due dilegence... blah blah blah :)
I see a lot of posts on Twitter and a lot of new traders making one very big oversight; the relationship of bitcoin to altcoins is very important. It's important to point out the relationship of bitcoin and altcoins that a lot of new traders overlook. Not all altcoins follow bitcoin exactly but most do so it is important to do your technical analysis and due...
RSI bullish divergence, RSI oversold, Nice 15 min candle close, and histogram finally ticked bullish. This completes, according to me haha, the final wave 2 and the start of wave3 . Looks like it is ready to bounce just outside of my target zone from my previous post. Cheers, @cryptomarc
tron update = 1 x blah We will see a small little dip again before hitting my targets for wave 2. I re-counted my waves and made some adjustments as I had a sub-wave 5 incorrect. Cheers @cryptomarc
Happy Friday! Everyone in the market seems to be very bullish but I'm going to say we are more than likely ready to bounce at this point. I see bullish divergence on BTC and it looks like the 5 count down is complete or near complete. So for TRX my target 1 would be minimum 5.5 here but for me i'll be holding for a while on a long at this point. Plus, my...
Well there is that BTC RSI bullish divergence I was talking about. MACD crossed bullish on the negative side so Option 1 is still in play as of today. Hard to say what BTC will do sometimes but for me the TA says we get a bounce here then evaluate again when complete @crytomarc