It has a purely educational aspect
Follow my twitter: @Intuit_Trading Neely-Elliott Wave is suggesting that BTCUSD is in wave-E of a contracting triangle with reverse alternation or wave-B of a new advance, and will remain in a neutral environment for the next 6 weeks. The EW time target aligns perfectly with the potential October 18th approval of the VanEck BTC ETF. This ETF in particular has a...
After very close inspection, it appears that TRX is in a pattern that is extremely similar to the correction that occured on BTC during 2014-17, before the previous "Alt Season" began. It's quite uncanny actually. These rules and guidelines end up working perfectly on BOTH of the above charts. Violent Wave-A Shallow and relatively long (time-wise)...
Double three since the beginning of correction at 17,5k. WXY with the Y = triple three WXYXZ Plus a Wolfe Wave that with the ETA and EPA show us that Bitcoin could reach 12k till feb or march of 2019.
Last month I was watching for Bitcoin prices to fall to under 4000 this month. However, that never happened, in fact, the bears lost all their momentum at 5700, and instead of breaking down further, created a massive bullish divergence. Normally, when a triangle breaks down the post-triangular thrust should be at-least as powerful as the biggest leg of the...
The smallest degree shown here appears to be finishing a fairly clear double zigzag. On the 60m chart you can see a confirmed terminal wave 5 of c which likely puts us at the end of the larger pattern as well, though, the small possibility of this forming into a triple zigzag can't be fully ruled out, it is also very unlikely. With that in mind this double...
These notes come with no qualification of any kind. They're incomplete and messy. The basic prediction is that (1) we may/not have another short leg down towards 2800 (2) there's a big-ass up move coming Suggest follow @Mr.Coins Edit: Shit. I just qualified em.
The channel break down indicates that the top is near. The pattern appears to be an incomplete Double Combination. Since the pattern is still somewhat incomplete it is a good idea to be careful making any trades on this pattern until it is confirmed. Confirmation should come sometime in 2017. It is very likely that if this pattern is correct we are in the midst of...
Continuing from the last chart that I published, It looks like we just completed Wave (b) as a double combination. The confirmations are the count (zigzag x triangle), the break down of the B-B baseline, the break down out of the A-A Channel, momentum divergences, and the time of Wave (b) being just slightly longer than 1.0 of Wave (a). Also the fact that this...
It appears that we just completed an Irregular Failure Flat on the 12H chart. Since this is a running correction it implies very strong counter-trend power so I would expect that we go to at least 190 on this leg down, possibly even lower. This pattern should take 1-2 weeks to complete. It's a very nice, clean count. Perfect Impulsive move down followed by a...