A fractal potential as shown by the boxes. Compared to stocks, fractals work very well in cryptos...because less banker meddling? LOL!
A very nice channel that confirms EW impulse in the works.
The Head & Shoulders Inverted to extend the bullish scenario
New Economy Movement (XEM/BTC) has been stolen! $400 Million worth of it from Coincheck! So how does news and events that like this effect the price? IF price is driven by news and events...shouldn't XEM be crashing? Hmm. Tons more Analysis on my blog: steemit.com
The rounded Cup pattern is complete as well and the red ABC marked the prior bottom. The Elliott Waves (white) show 38,834 Satoshi as target. Laddering in!
If Bitcoin rises and breaches the upper line of the wedge triangle, it would be aided by the MACD crossing to the buy side. This video analysis shows the probable and alternate pathways.
IF the below is to have impact on probable price pathway, then the MACD would need to curl up and turn as shown in the below chart. The bottom support line would also need to hold.
It'll Curl and then cross....but not yet. A little more to go.
GBTC is the Bitcoin Investment Trust traded as an equity equivalent where 1 share should equal 1/10 of a bitcoin. The chart below shows a clear a,b,c,d,e consolidation as blue wave 2. MACD is oversold in this 4 hour time frame and a breakout out of this triangle is likely. The key question is as to whether this is the new run towards all time new highs. If so, the...
ICN had broken out of the symmetrical triangle that also counted well as an abc correction. The breakout was impulsive as shown by the blue waves. Elliott Waves states that after five waves, there is a a requisite retracement, often in the form of abc waves.
eBoost (EBST) has the makings of a correction that's either complete or already has hit the bottom. Either way, this video analysis shows how the destination is the same!
The below chart shows three consecutive repeats of fractals. The Head & Shoulders pattern in the first green box is very visibile and a smaller on in the white box. The second green box repeats this fractal. The yellow box of current price move also shows the H&S pattern. I believe the bottom of this correctio is near.
IF correct, then there is higher likelihood of price rising higher into an impulse as shown by the blue waves. Those five waves would represent an initial first set of impulse to signal a trend reversal.
Per my Elliott Wave count, GOLD is still in the midst of a larger zig zag Elliott Wave pathway. This chart shows that likely, better prices are ahead!! No shorting yet for me until the wave 2 of wave C bounce tops.
This could be a very good time to cast your buy ladder! The circled zones are the areas containing my buy rungs! Follow me on my blog: steemit.com
Overnight price action has bounced off the lower triangle line which is serving as support. Price has bounced off this support twice already and overnight was third. If the a,b,c,d,e triangle pattern is playing out as shown below, then waves a,b and now c could be complete. That means price should recover to complete wave d and e.