Main items we can see on the 4hs Chart: 1)Price is on a Flag pattern formation that found support on a major Daily Zone 2)Flag Patterns are considered continuation structures 3)Currently, the main form is a descending channel in which the Flag pattern is on it. Based on that if The price breaks out from the Flag pattern, we expect a continuation of the...
We lost support at the move that brought us to the most recent high. I predict we go down a bit from here.
Completely nailed the short these past few days. You can look back at previous posts or on my twitter to see the short calls with stop loss and targets. Today I think we bounce and run into resistance somewhere in or around my gray box. Closes below there are bad and have me thinking short with a final target of blue box. S curve shows how I think PA will play...
All the extension and retracments of the elliott waves are based on fib numbers and patterns. As ususal the chart speaks for itself as long as you know how to read sub waves and understand elliott waves and patterns. This will likely play out if we do not go below the stop loss, but the time frame will likely take longer, I just shortened it so it could fit on...
Hello everyone, trx has pushed through 0.021! But has directly lost confidence… Don’t panic, because there are two scenarios that are most likely now: Down to complete wave 2 (green line) at around 0.015 – chance 60% Down to complete wave 4 (dark green in square brackets) – chance 20% (please keep in mind, that if 0.017 will fall, this scenario is...
Hello everyone, In my last analysis I wrote: “Please keep in mind, that xrp could easily fall down to 0.04, if we will not fight the actual level down strongly!” The level which I am speaking of is 0.36/0.37. xrp failed there, so we have to keep in mind two scenarios: Scenario 1 – blue lines, chance 70% xrp is building a 1-2 setup. Now on its way down to...
Hello everyone, now it’s a perfect point to turn the direction up! But, as I wrote in my last analysis: “we are not safe until breaking through the blue line ($6.242), so be careful! There’s a possibility left that btc is building only a wave 4 up to complete the correction pattern at $1.800 or deeper at $800. But I think it’s more likey that btc has built the...
Hello everyone, in my last analysis I wrote, that the minimal requirement for a low in this market is pushing through 0.021! This is absolutely right, so please keep that in mind, when trading trx now. But I think it’s very likely that we will see an uptrend now! Merry Christmas! Please leave a comment or a message, if you have any questions! Take care tgo
Hello everyone, xrp seems to love this level mostly, so if xrp will finally hunt it down, we have a very good chance for an uptrend to new highs. Please keep in mind, that xrp could easily fall down to 0.04, if we will not fight the actual level down strongly! Merry Christmas! Please leave a comment or a message, if you have any questions! Take care tgo
Hello everyone, the structure of the Dow is worse at the moment, so I decided to get an update to show you what I am thinking of. The movements for the next weeks or month: the dow is in a very huge corrective pattern (wave ). That means, we will see much more deeper courses - namely 20.600/18.500 – and we will not see an end-of-the-year bull run, as it is...
Hello everyone, the structure which we can see in the chart is everything but beautiful. Anyone is willing to make a clear decision. Such situations I do not like, but, it doesn’t help, we have to read the chart hoping it helps. As I mentioned in my last analysis, I see the sore point at 1.1432. This assessment I want to renew and complete it about the fact that...
Bitcoin moves the alt market, so alt coin trades are very risky. ICX still has (lots) of room to go down, because we are still ~2x the ICO price. Projects like WANchain have fallen to <1x ICO price. I expect ICX to go a little bit lower, see the chart.
Head and shoulder pattern forming on GBPNZD . Looking for short and retest of shoulder for upswing to previous supply zone( Yellow bar ). * Note further Brexit news and fundamental news for GBP may turn upswing from 1.83040 (blue line) to a Triple top formation if price does not break 1.86267 (red line). We could then see a further drop back towards 1.83040
If we don't have an increase in volume, we could be looking at a failure to gain.
If BTC bounces, look to short it at this level.
Hello everyone, it seems that scenario 2 has made it (please check link below). Now the situation in the chart is not much easier, because there are two possibilities we should think of when trading eur/usd in the next days. Scenario 1 – blue line, chance 55% I still believe that we are in wave B (purple in brackets) of a huge correction pattern started at...
Hello everyone, XLM maybe is one of the best starters in the crypto market. I see two scenarios in the chart… Scenario 1 – green line, chance 60% We have seen the bottom of the huge corrective wave 2 (blue in brackets) at 0.15 and since then XLM has built three 1-2 elliott wave setups. Now it seems that XLM is going in a stable uptrend – ideally as shown in the...
Here is my short entry for BTC.