Coin_Analyst

Coin_Analyst

The price of Ethereum from ~$867.20 (March 5, 2018) to ~$461.12 on March 18,2018 has been identified in this analysis as the termination point of a minor wave Y and intermediate wave (Y). These imply that Ethereum will sustain a bullish momentum, even if temporarily. Patience is required because it is safer to start considering long (buy) positions only after a 3...

Coin_Analyst

Ripple's (XRPUSD) sell off terminated at ~$0.53 which is within the Weekly and Daily support area that I mentioned in this post: Price close at ~$0.53 has been determined to be a possible termination point of a minor wave C. Target area for the current upswing is shown here as between $0.77 and $0.82. Failure to move above this resistance could see price return...

Coin_Analyst

Ethereum Classic (ETCUSD) sell off from ~$42.14 on Feb. 20, 2018 to March 18, 2018 (~$14.51) has been identified as a minor wave degree that is not yet complete with Ethereum classic currently in a minor wave 4 position. The possible termination point of minor wave 4 is the vicinity of the fourth wave of the previous degree i.e. minute wave ((iv)) of minor wave...

Coin_Analyst

Price action for GOLD (XAUUSD) terminated a Primary wave i.e. wave ((C)) at the close on Jan 25, 2018. Price swing from this pivot ~$1365.95 on Jan 25, 2018 up to a low of ~$1309.59 on March 1,2018 can be observed to have completed a 3 wave move best described by a regular flat Elliott wave structure. It appears that XAUUSD is currently completing a minor wave B...

Coin_Analyst

The 4hr tf downtrend in Lisk (LSKBTC) from Feb. 10 2018 to March 15 2018 has been identified as the termination of intermediate wave (A) with 3 minor subwaves W-X-Y. Price has currently broken above the latest downtrend line which is also the top of the of the wedge (ending diagonal) for the minor wave Y position. The current set up offers a risk to reward of...

Coin_Analyst

Bitcoin, the world's number 1 cryptocurrency closed at ~$19,210 on Dec. 16, 2018 and has been in a downtrend ever since. Price close on Dec. 16,2018 has been identified as the termination point of Primary wave ((3)) and the current downtrend or correction is Primary wave ((4)). Based on guidelines, it is quite possible for Primary wave ((4)) of Bitcoin to...

Coin_Analyst

For those interested in my earlier post concerning EthereumUSD in a bear channel and projections, the post can be found here: The chart above shows an Elliott wave analysis for EthereumUSD. Price close of $672.10 on the 4hr tf has been identified as a possible Minute wave ((i)) position. It is possible that minute wave ((ii)) is not yet complete which is why I...

Coin_Analyst

The price swing for Ethereum classic (ETCUSD) from a price low of $14.00 (Feb. 6, 2018) to a high of $42.85 (Feb. 20, 2018) has been identified as a 3 wave zigzag Elliott wave structure. This corrective move is part of the sell off that began on Feb. 14, 2018 at ~$45.30. The implication of the above is that the entire structure when complete should be a regular...

Coin_Analyst

XRPUSD's correction after making a high of ~$3.16 on Jan. 4, 2018 (Ripple) can be described as a double zigzag Elliott wave structure (A-B-C-X-A-B-C). Price action is currently in a minor wave C position (last leg of the correction that is not yet complete). The implication of the above is that XRPUSD should continue to sell off. Weekly and Daily tf (not shown on...

Coin_Analyst

I have updated and used the Elliott wave principle in this post to model the price action of LTCUSD. Chart patterns for LTCUSD annotated and the comments I gave can be found in this post: Currently, LTCUSD is shaping up as a double zigzag Elliott wave structure (A-B-C-X-A-B-C). The implication of this is that the minimum target for LTCUSD is the price low of...

Coin_Analyst

OmiseGO (OMGUSD) trended downwards after it hit a high of~$24.50 on Jan 7,2018 to the price low of ~$7.00 on Feb. 06, 2018. Price swing from the high of $26.07 on Feb. 13, 2018 to the low on Feb. 06, 2018 is described in the 4hr tf as a corrective (A-B-C) Elliott wave structure (i.e. a correction). Price swing upwards from the low on Feb. 06, 2018 is currently...

Coin_Analyst

Price action in XEMBTC (NEM) from the May 22, 2017 high of ~0.00013911 down to a low of ~ 0.00001128 (on Dec. 8, 2017) is corrective i.e. a 3 wave move in this case that I have labelled as an A-B-C Elliott wave structure. This implies either at least another 3 wave move back up or the resumption of a bullish impulsive wave. Price swing upwards from the Dec. 8,...

Coin_Analyst

I have annotated the 4hr tf of BTCUSD to show the chart patterns including the bearish trend line in BTCUSD after it hit a high of ~$19,666 on Dec. 17, 2017. It can be observed that bitcoinusd is in the process of completing a complex inverted head and shoulder pattern (it has more than one left shoulder and also more than one right shoulder). A small inverted...

Coin_Analyst Updated 

Stellar made a high of ~0.00006299 on Jan 3, 2018 after which it sold off. The price action from the ~0.00006299 to the current price (~~0.00003219 as at the time of this publication) can be described by a 3 wave (A-B-C) move that is a regular flat (3-3-5) Elliott wave structure. This structure implies either (1) The resumption of an impulsive move once the...

Coin_Analyst

BCHUSD (Bitcoin cash) hit a high of ~$3930 on Dec. 20, 2017 after which it sold off. A bearish trend line is used on the chart to indicate the bearish move in price of BCHUSD ever since. Price action can be seen to form a V-bottom (bullish signal) on Feb. 6, 2018 from where price went on to break the bearish trendline on the 4hr tf on Feb. 14, 2018, which is a...

Coin_Analyst

This is my first time looking at ETCBTC as I tend to always seem to like watching ETHUSD instead which is stuck in a price channel. The post on the ETHUSD channel can be found here :https://www.tradingview.com/chart/ETHUSD/UBz1DMY9-Warning-signals-for-Ethereum-possible-sell-off-4hr-tf-analysis/ I also like a 1hr or 4hr tf analysis for my charts, but the Daily...

Coin_Analyst Updated 

Steem appears to be in a primary wave C position that is the last leg in an expanded flat Elliott Wave Structure. The long term trendline for Steem is also shown (in blue). A Daily candle close below the trendline can help to further accelerate the sell off in STEEM. POI= Point of invalidation which would make this trade set up invalid. The current setup...

Coin_Analyst

LTCUSD resumed an uptrend on the 4hr tf from a price of ~$107.63 on Feb. 6, 2018 and the progress of the uptrend so far is indicated by the uptrend line in red. LTCUSD looks like it is forming a top that I have marked as a possible complex Head and Shoulders top . However, I only annotated the chart to show this topping chart pattern, price must close the...