CharacterZero

CharacterZero

While this isn't a textbook example of a H&S in terms of symmetry, failure to close above previous high would create a convincing example of a H&S. With the most recent jobs report, the 25bps hike in May has become a stronger possibility. With CPI being released next Wednesday, this upcoming week could give a more positive indication on direction over the medium...

CharacterZero

This is drawn under the assumption the 9300 support would hold. While there is signficant confluence at the .382, its possible we don't get the opportunity to order at these lower levels. Keep an eye on the flag!

CharacterZero

The weekly chart gets BTC's macro trend better than any other time frame. It has accurately shown a reversal whenever it occurs. While we are still in a down trend channel until we break out of it, in my opinion, bullish divergence on the weekly chart should give BTC enough momentum to break the 200MA upon a second retest, which now sits around the $9K level. If...

CharacterZero

This assumes we are on the 5th wave of the first impulse wave of a reversal (wave 1). Each move was measured for accuracy using Fibonacci based on Elliot Wave Principle measurements. Possible targets for wave 5 if this structure completes. Wave 4 within wave 1 can retrace to appx 8200 and still remain valid. However, BTC could also bounce from this level and...

CharacterZero

BTC increased by the same % increase as compared to the last rally. However it took over 30 days to reach the same appreciation. During that period of time it tested and re-tested all of the major exponential moving averages where as previously it had no opportunity to do so in the short period of time it took to reach the same appreciation. The comparative...

CharacterZero

If BTC doesn't overcome this trendline, it would be reasonable to expect a potential retracement. If BTC can overcome and close above the trendline, I would review this move as a sign of a reversal from its current downtrend.

CharacterZero

By this count, it appears we may be in wave 1 of an impulse count. There's a good deal of overhead resistance at previous highs. My expectation would be to eventually break through this, possibly after a wave 2 down, which would initiate a wave 3 on the way to higher highs.

CharacterZero

A count for the bulls. If we assume wave 2 is complete and will retrace at the .618 this leaves us with these conservative targets of wave 3 testing the 1.618 . The amount of time is relative to the preceding waves.

CharacterZero

divergence on a CME chart

CharacterZero

My name is Evan Futterman

CharacterZero

Simply placing trades outside of the average. Anything could happen. But this is my target.