Retracing since April 27th Forming ascending triangle 3 tags to top and bottom Could break out from 3rd or could tag bottom one more time. I can could 1,2,3,4,5 impulse on 1hr so retrace to .786 a likelyhood.
I am waiting for a small retrace as I can see 1,2,3,4,5 impulse on previous wave. my buy zone is between .618 & .786 fibs. This is how I am playing it not recommending for anyone else.
OMG - Long ABC descending wedge correction Double Bottom Beyond the .786 fib almost full retrace. Ladder Here
Completed 1,2,3,4,5 impulse Formed a H&S during the A,B,C retrace. Completed the retrace to distance required for a H&S. Retraced to the .786 fib MACD is crossing over. ???? RSI is showing over bought CAUTION Ladder in in case it drops
LTC - Ascending Triangle at bottom of extended down trend
I have been tracking this Ascending triangle for 48 hours and it seems to be following all rules while BTC playes nicely with its younger brothers and sisters aka... the aLTS. We should make some nice gains here.
MFT - Ascending triangle at bottom of a long descending wedge.
1. POWR has been on retrace since January. 2. Weekly chart shows 3 points of Oversold RSI and bullish divergence. 3. POWR looks poised to climb. 4. Each previous time is has run pretty hard 5. Need to see weekly close of this last candle as we have at the end of a down trend a hammer, inverted hammer, and now a candle that looks like neither bears or bulls...
DGB - Bittrex 1. Has retraced been trading is a very symetrical triangle for the last 231 days. 2. The last time is touched the bottom trend line it had an 18 day 1,2,3,4,5 wave impulse from 300 sats to 673 sats 3. From that start point it did an complete ABC retrace back to under the .786 fib and to just above the 2 wave from previous impulse. TEXTBOOK.
1. Macd is curling under on the 4 hr 2. RSI is Oversold 3. I will most likely watch and wait until just above the .786 fib. 4. Could bounce off .618 and run to .5 or .382 and then return to the .786 and this would be a good sign.
Bla Bla Bla. More of the same until it is not the same.
Chart makes these assumptions in theory. December's crypto season makes up macro Wave 1 (blue). Show with the 5 impulse waves in yellow on the left. The 1st quarter of 2018 retrace would make up macro Wave 2 (blue) with a standard ABC type of retrace. macro wave 3 (blue) is being worked on. The first upswing for XVG in spring which took us up to .00001450 ish is...
If BTC will play along POWR could break out soon.