Recently we saw $XVG go to the moon after getting a shout out from John McAfee on Twitter. But even without his shout out, Verge was already poised for major growth. Another Alt coin priced very low and on the verge of a huge breakout is Tron. Currently over at Binance, they are having a trading contest for $TRX and whoever ends up with the most volume wins a...
NUGT selling off Today, already at a 50% fib number. I suspect this could be the bottom. BUT, if we get a drop to the gap fill I'll be a buyer. $127.22 I believe is the fill. I'll put a limit in for $128. Good chance to make 30%. I suspect we have a few more days of sideways to lower trading, so it could fill. Need a few days to totally reset the RSI.
Looks like a bear flag is forming after having made a double top at the 1.34
Could with the bear flag target be making a possible double bottom around 1.00
Spekulative:
I see as a possible wave 1 up with a very short and truncated 5th wave ending at 1.34.
Second waves normally make a deep retrace so a wave 2 making dbl bottom....maybe but within reach!
TRX's...
I count 5 waves up from 23rd of dec 2013 - ending at the 14th of march 2014.
Since then it's been making what looks like 3 waves down within a wedge formation ...with what also looks like and impulsive (3 of 3) wave down since the 5th of may 2014.
Is it working on the 4th? (Bear flag!!!) Looks like it!
The big Q is.
Is it a 4th wave with a 5th to come?
The low...
Finishing a harmonic ABCD move at structural resistance seems to be in the cards.
The structural support and trend lines comes in between the 78.6 & 88,6 fib ...Could be making a hammer here going for the lowest fib and bounce!?!
Safe trading Ladies and Gents!
@BLawrence (I have often a quicker running updates on my Twitter account)
Music at...
Gold seems to be making either a 3 drive to a bottom harmonic pattern or a harmonic butterfly.
In case of the 3 drive to a bottom - the bounce area is the 61.8 fib retrace
The butterfly is in a conservative view to bounce for the 78,6 fib retrace at 1554.... but could if gold bugs is in ecstasy go as high as the 88.6 fib retrace at 1725
Safe trading ladies and...
Looks like a Bullish Gartley Pattern is currently forming on the daily time frame of TRX.
My Fibonacci Ratio analysis:
The AB leg retraced nicely to the Fibonacci 61.8% retracement level of the XA leg.
The BC leg also retraced up to the Fibonacci 61.8% retracement level of the AB leg.
The Fibonacci 127.2% retracement of the BC leg falls right on top of the...
