willp111

willp111

At resistance, good R:R on swing short.

willp111

Price came back and retest the previous swing high at $9100 and bounced nicely, causing a swing failure below the low of $9660 where it failed to turn into resistance on the retest. Price then retraced to .786 fib bounced, retested $9660 as support and had a nice reaction. Therefore we are in a long term bullish structure with HTF support resistance to support...

willp111

OMG looks to have reversed trend and is now trending up on the 4hr timeframe. Bullish TK cross, Cloud bullish, Price above cloud, Volume looks good.

willp111

So BTC was just starting the subwave 3 of the B leg when some huge whale mysteriously market dumps down to 9500 on bitfinex. It bounces and stabilises and everyone happily labels this subwave 1 of wave C completed, then subwave 3 starts and confirms by making a new low but suddenly reverses as huge buy pressure appears to form a wyckoff accumulation zone (the...

willp111

BTC bounced a bit unexpectedly at 9300, there's a possibility that whales saw the very low volume and took advantage and squeezed some shorts who put stops just above 9700. Now an expanded flat (3, 3, 5) correction has completed and whales reloaded their shorts a bit so we are ready to continue to next leg down to the green box. Hidden bearish divergence on the 1...

willp111

I assign a drop to 8.8-9k range a very high probability as my primary bearish count and bullish alternative would both feature a drop to this price range. In my opinion a drop below the line at 8.7k invalidates the potential 5 wave move higher as wave 4 would cross below wave 1 leading me to strongly decrease probabilities assigned to bullish scenarios. If this...

willp111

RSI price divergence on the 4 hour, MACD trending up. Wave trend oscillator has turned up and left the green zone which has been a very successful indicator in the past.

willp111

My bullish scenario which I am assigning the highest probability is that we completed an ABCDE correction and then saw impulse wave 1 and currently we are in wave 2. I was thinking that we saw an extended flat on wave 2 and would see a drop to 10450 or so however maybe we are getting an ABCDE correction with an extended wave B. My bearish scenario is that the...

willp111

I think we may go sideways for a couple days between 6000-6500 before continuing down to the 4800-5000 range. Historically the daily rsi hits 30 on a major correction which implies we still have further down to go. Price target corresponds with 61.8% fib and 100 day MA which is the area the last 2 major corrections fell to.

willp111

We have possibly completed elliot wave 5. Wave 2 retraced 61.8% of Wave 1. Wave 3 was the strongest wave with the highest volume and initially hit resistance at the 2.608 fib extension with only a brief breakout above. Wave 4 retraced 50% of wave 3 and did not cross into wave 1. We have now hit resistance at the 1.618 fib extension of Wave 3. Wave 5 has been...

willp111

In theory we should see the price fall to point D if the bat completes but watch the support at 0.00213 closely. Then we should see a sharp rebound. This wave was a 1.618 extension of the last and I expect the same from this wave with eventual targets at the 1.618 extension of this wave at 0.00318

willp111

Stratis looks to be at its minimum. Uptrends have returned to the macd and rsi. It looks like some momentum has returned. In my last post I said we would see a fall to 0.00217, which is about the exact bottom. I also suggested a possible lower level however I now believe that won't happen and we will start a rise up to the 61.8% fib retracement of the downswing,...

willp111

Stratis is falling to two possible levels. The first is the support level at 0.00217, which coincides with the 61.8% fib retracement when drawn from point C to point 5 (the second Elliot wave cycle). The second is 0.00184, the 61.8% fib retracement from the start of the first Elliot wave cycle where the massive upswing first began. Originally I felt confident...

willp111

Ethereum looks to be following Elliot Waves cycles with the second wave following the pattern of the first wave quite closely. The large price increases leading to points 3 in the impulse waves, with smaller rises for points 1 and 5, give a nice indication that the waves are labelled at the correct points. It looks like we are currently in the corrective wave...