zippy1day

zippy1day Updated 

Would like to buy back into Ether but feels too "toppy" at the moment with long term down trend line in light blue acting as resistance?

zippy1day

Like to take credit for pointing this pattern out but was discovered by a fellow chartist! The eventual path likely to be the new trend for the short term as this is a strong directional pattern. I have targets for bulls up to $1548 and bears $707 these being the measured technical targets on this exchange.

zippy1day

Out for the moment having reached my Target 2. I think TP 3(around 0.02313) will be harder to breach as incoming downtrend line in broken blue will be the signal to buy again when breached imo?

zippy1day

Gone long on margin now the shenanigans ceased probably still more to come, so targets $1237,$1261.75 & $1421 and getting back on trend UP! Reasons bearish butterfly targets met with more than 20% retracement and hype from ETF over!

zippy1day

Got to be one of the most apt descriptions for a pattern and Ethers behaviour, however still a sucker for punishment I am still long on margin having made measured TP1.

zippy1day

Just an observation that this pattern maybe repeating itself once more?

zippy1day Updated 

After managing to purchase some at the 75% target now hedging my bets before the news. Bids set for any drop and any spike up to $1465 will sell some! Any bounce off the 200 EMA in purple may preempt a break of the downward channel imho.

zippy1day

Unfortunately the sudden spike above D did confuse me and hence I bought in too early, but believe the sell off is done? The retrace is in fact a little more than 20% as given in the example on thepatternsite.com for GNW. The Gann Square arc came in very accurately and did not go past at time of publishing this chart which would be bearish if so!

zippy1day Updated 

Managed to pick up some bitcoin on the way down now waiting to see if the rest of the pattern plays out? thepatternsite.com

zippy1day

Already made first target at $1160 now expect it to meet its average drop(13%) for this pattern as per price callout? Other signals to note bullish divergence on chart and RSI in formation & 200 EMA maybe about to be tested?. Of course any adverse or positive news may push this either in the next week!

zippy1day Updated 

Not drawn one of these but sort of ties in with the rest of my analysis....direction and targets as per chart. Thanks to fellow chartist for pointing it out now see whether or not it plays out?

zippy1day

Now that the two Bitcoin & Gold have reached parity it will be interesting to the the divergence or otherwise in the near future. After watching a very interesting video this morning there seems to be no contest, so will be interesting to watch over the coming months! Short term still small bearish on bitcoin but long term bullish. The cross is only an...

zippy1day

Sold out and expect pullback towards Fib Channel median(Yellow diagonal line) and Wave C($1032.65) of ABC correction of 69% a recognised retracement from a rising wedge?

zippy1day

Evidence for Short term top:- Head and Shoulder formation at new "All Time High" End of wave v in Elliott Impulse Wave ABC correction on this Elliott wave must proceed. Hype over ETF has this been overplayed? Of course bitcoin has history in confounding these pieces of evidence so time will tell!

zippy1day

Somewhat odd in shape but believe it to be what it is! Targets as per chart....

zippy1day

Remains to be seen if this plays out as market seems to be looking for tops?

zippy1day

Just gone long off back of Bullish Kumo Breakout with targets in mind as per chart!

zippy1day

C&H target reached as well as longer term H&S now we will have to wait and see how far we go?