Aerot

Aerot

Range bound between 200 EMA / MA continues. We wait for price action above or below for further clarity.

Aerot Updated 

Another weekly look at potential EW count of LTC's current downtrend. In this iteration, I label the major points W-X-Y as opposed to A-B-C in my previous post. The major count re-labeling is negligible here, and merely up to interpretation of the analyst. Importantly, we observe LTC quickly approaching its 200 Day EMA - price action in this area should allow us...

Aerot Updated 

I am going to try to continue to follow this move in BTC regularly. Here we are looking for a break over horizontal resistance ( blue ray on both charts ). Using Bitstamp BTCUSD price this resistance is sitting around $4077. Additionally, looking at Okcoin 3M BTCUSD futures this resistance is sitting at $3977 ( potentially already breaking ). If we can get...

Aerot Updated 

BTCUSD looks to be bottoming @ 200 Weekly MA. Expect some sideways action range bound between 200 MA (lower limit) and 200 EMA (upper limit). Note - volatility adjusted moving average shows strong resistance with 200 EMA in $4100-4200 region, expect large breakout above these prices. Break below 200 MA is certainly on the table still. This view will change if...

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Here we examine the potential A-B-C correction in LTC. The dark blue count reveals a scenario where we head for another impulsive wave down. The pale green count looks at a possibly finished down trend. From my perspective, the dark blue count seems much more likely at the moment, though continued resilience at these price levels may lead to a commendable bounce...

Aerot Updated 

I'm not usually a fan of these types of pattern trades, but here it seems we have a clear setup for a decent bounce off the recent lows.

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As prices have achieved new highs we have the grounds to declare a possible intermediate top. Divergences continue on RSI and EWO - note the clear divs between 3 of (3) and 5 of (3), and again between (3) of 3 circle and (5) of 3 circle. Change in direction of volume adds evidence to intermediate top as we see volume increase through (3) and steadily decline as...

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Continued divergence on RSI and additional divergence forming on EWO signaling the end of wave. Look for downward break of wedge for confirmation. Box highlights possible price targets. May go lower based on extreme price action of late.

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Based on the size and strength of recent price movement it seems that we have completed a wave three of some degree. Additionally, a bear divergence has formed on the RSI signaling the end of a move; the width of the EWO tells us it was most likely a three. Here it has been labeled using (3). Price requirements for (4) have been met, but there is a good chance to...

Aerot Updated 

"Nesting occurs when a market produces a series of five wave impulse moves in the direction of the trend, but the waves clearly overlap.This certainly fails to comply with normal Elliott Wave requirements. However, instead of considering the action a failure or part of another correction, the proper count would be a series of 1-2-1-2's. Eventually, a powerful...

Aerot Updated 

LTC has been a weird one chart wise up through this time. Bollinger Band analysis seems to provide the clearest insight into a potential pop. Note: Head fake - Bearish candles hit bottom BB and found support to bounce from (Pink Box) BBW is at a lower extreme (Blue Box) - the tightening of the bands should open up and give way to upward movement Look for...

Aerot Updated 

BTC has been wild lately. Here we have a possible continuation pattern - pretty straight forward. Breakout will be above point (D) at ~5273.33CNY / Confirmation above (B) at ~5378.22CNY The pattern will be invalidated with a break below (C) ~5060.37CNY

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Could be donezø. Possibility of having some more in the tank. ∑ßå = f(x,y)

Aerot Updated 

Potential expanding diagonal 3 or C unfolding. Still room to move on Prem. v Spot

Aerot Updated 

Looks like the correction is still in good form of a drawn out triangle. Wave E overthrow is valid. Breakout confirm above B - Invalidation below C.

Aerot Updated 

Still following same count for now. Price has been unable to penetrate trend support so far - will re-evaluate if red line is broken.

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Corrective 61.8% Fib Retrace + Hidden Bull on both RSI and StochRSI. Watch for break out confirmation above previous local high.

Aerot Updated 

Possible count for trend continuation pattern. Confirmation above (B). (See Linked Chart - Meant to post w/ sooner) *Note: - It is possible the triangle has further yet and could be wider than pictured.