B173

B173

LTC has been correcting for some time, it seems to be almost in sync with Bitcoin in its correction. The symmetrical pattern that it has been putting in could go either way. The chart shows that, while litecoin is in a symmetrical pattern, it could be setting up a bear flag. I would not be taking a long position at this point, rather playing the trades between the...

B173

I've been following BCH and its potential for breakout for several days. The recent FUD definitely took its toll on the cryptosphere as a whole but it appears that BCH is back on the rise. I wanted to post this update and will take a closer look later today but overall this is looking very strong. Targets are in my previous posts and still stand, I will update if...

B173

A couple of weeks ago I posted a chart showing the bullish ascending triangle that BTG was putting in. Finally, it would appear that BTG is moving its way toward breaking the consolidation pattern. This move looks very strong. While it has not confirmed a breakout, there is plenty of upside momentum. One thing that I want to point out is the small drop below...

B173

Here is a look at today's price action for Bitcoin Cash. Sorry for the busy chart; a bit of detail is needed to give clarity to what is happening. BCH gave up almost all of yesterday's gains but still looks bullish. The shakeout didn't break the lower support line of the triangle; however it is now trading below the 55 EMA. The correction appears to be ending...

B173

It looks as though bitcoin cash has completed a full cycle. The latest correction retraced to the .618 fib level before putting in a symmetrical triangle patter. The triangle finally broke to the upside after completing an ABCDE correction. Optimistically, the correction is over and this is the first impulse wave of the new cycle. There is always the chance for...

B173

REP appears to have completed large ABC correction and began impulse waves upward. It looks to be in wave three impulse wave.

B173

Been watching this one for some time trying to decipher its correction. Finally settling on a 5-3-5 Elliot wave correction. If this is the case then the corrective phase appears to have ended and the impulse waves should be ready to break out of the triangle. The target is a conservative guess using a level between the last two breakout ranges.

B173

Bitcoin gold has been putting in a large rising triangle pattern after an initial run. The initial pop can be considered wave 1 of an Elliot wave cycle. Extended fifth wave naturally resulted in a large retracement. Wave 2 appears to be coming to an end after putting in an ABCDE correction. This appears very bullish and is likely setting up for a massive run. The...

B173

Litecoin has made massive gains in the last few days and it looks as if there's more to go. Litecoin appears to be in corrective wave 4 with the final impulse wave still to come. Target is assuming that the bottom is in and a 1.0 fib extension.

B173

It appears that the first impulse wave of leg 5 is complete. Currently in correction wave 2. The targets shown are based on 1.0 and 1.618 fib extensions from leg 1 and estimated wave 2 retracement.