Exsilium

Exsilium Updated 

Stellar Lumens $XLMUSD appears to be preparing to break up very soon. I apologize for the messy chart, but there are a lot of things going on that I want to point out. I noted in my last couple of charts that I believed $XLM had finished its correction wave and was starting its Wave 3. Inside that wave are sub waves, marked in medium blue, and inside that wave...

Exsilium

Litecoin $LTCUSD appears to have completed its ABC correction (Wave 2) with the break above B at 146.80. This means we are starting Wave 3-1. I dont have enough data to indicate a target for 3-1, but previously 159-166 or so provided both resistance and support so we can expect those levels to be reactionary again. Wave 3 then would be targeting 219.23 (which is...

Exsilium Updated 

Stellar Lumens $XLMUSD fell to 0.2061 yesterday, just below my Wave C plot, but above my target box, go figure. Unlike some of the other major crypto, I see Stellar as already in its correction wave from its push to 0.4168, and in fact plotted the ABC as you see here. From this point there are a few scenarios. I believe there has been enough time for the $XLM...

Exsilium

Ethereum went slightly lower than my target box reaching 911. This quickly resulted in a retrace to the 0.5 fib retrace, just like $LTCUSD and $BTCUSD. This pattern rules out a triangle and puts in play a Flat ABC or a Standard ABC correction. Because of the bullish sentiment of the market right now, I believe it is more likely that we would be looking at a Flat...

Exsilium

Litecoin hit a low of 112.31, falling below my target of 122 yesterday, and just breaking below the lower boundry of the red target box. However, that resulted in a quick rejection to nearly the 0.5 fib retrace point at 149.30. Much like Bitcoin ($BTCUSD), Litecoin appears to be starting Wave C of the larger degree Wave 2 correction wave. With the failure to hit...

Exsilium

Bitcoin hit a low of 30261 yesterday, just shy of the 30000 goal I was looking for, but within the red target area I marked. It retraced to the 0.5 fib and looks like its going back down. This is expected as a correction wave, and I believe this is wave 2 of a larger degree wave structure, requires an ABC structure and this new push downward would be wave...

Exsilium Updated 

Litecoin #LTC has dived as far as -28% at the time of this writing from a high of 186.41 yesterday. The whole market was way overdue for a real correction and I believe this is it. Surprisingly I also think we have already hit the extent of that correction around the 122 mark. As you can see from the chart there is a confluence of support here. This area was...

Exsilium Updated 

Stellar Lumens #XLMUSD has dived over -20% at the time of this writing from a high of 0.32604 yesterday. The whole market was way overdue for a real correction and I believe this is it. Stellar is in a little different pattern as the rest of the market. It was already in a correction, possible ABC as marked, from that huge push following the Ukraine announcement....

Exsilium

Ethereum #ETH has dived over -20% at the time of this writing from a high of 1352.85 yesterday. The whole market was way overdue for a real correction and I believe this is it. Surprisingly I also think we have already hit the extent of that correction around the 950 mark. As you can see from the chart there is a confluence of support here. You can see a couple...

Exsilium

Bitcoin #BTC has dived as far as -20% at the time of this writing from a high of 42000 on 1/8. The whole market was way overdue for a real correction and I believe this is it. Surprisingly I also think we have already hit the extent of that correction around the 29500-30500 mark. As you can see from the chart there is a confluence of support here. You can see a...

Exsilium Updated 

My estimations of the top of Wave 5 yesterday proved accurate, but my estimation of where the correction wave would end, at 0.30164 ended up being not conservative enough as the price fell to the 0.618 retracement point at 0.28617. Part of this move lower was due to the significant spike down by Bitcoin which appears to have tanked the whole market. Technically...

Exsilium Updated 

Its been a while since I have posted anything. With the constant sidways movement indicators become exceedingly difficult to utilize. With the 20%+ gain in the last 24 hours its time to look for the first pull back which should be happening today. I have plotted the wave count as I see it, with Wave 5 ending at 0.32964. I can see further upside sitting around...

Exsilium

Ripple just broke below the last low at 0.295 and just printed a low of 0.28401. Do NOT panic here. I have adjusted the wave count, each point down one count. This lets the retrace from Wave 2 hit the 0.382 fib retrace nicely and Wave 4 hits 0.50... which makes this Wave 5. As noted before, Ripple Wave 5 is generally very weak, rarely passing the 0.786 fib...

Exsilium

In my last analysis I was looking at 0.38 to be the bottom off that reaction move down, but a week later resulted in another large move down, changing a reaction into a correction and invalidating my analysis. I am begining to see a wave formation where we are at the end of Wave 2 which I have plotted here with supporting structure. Interestingly enough, the...

Exsilium Updated 

When the major dump occurred a few days ago I posted a chart showing why I believed the 0.38 area would be a solid support area. As it happens, that area has indeed provided solid support. However, within the next 36 hours the wedge plotted will come to an end and the supporting trendline will be at serious risk of breaking down. Assuming it isnt a bear trap, the...

Exsilium

The events over the last 24 hours have been unkind to Ripple with Coinbase going offline for a short moment and then the hacking of 9.3 million XRP. Trying to determine the end of this reaction seems pretty straight forward with a confluence of points at the (0.38 +/1 0.02) level. Elliot wave count would have this last push down as Wave 5 which could extend to...

Exsilium Updated 

Following a short pullback from 0.52 resistance look for upside target at 0.65 in June. This chart is noisy, and even so there are many things hidden in it. It is difficult to remove the information on the chart and still reference it to whoever may find this useful. Normally I would include Fisher and RSI but have removed it to be able to show the end of this...

Exsilium Updated 

XRP was due for a correction, better now then later as it would have been more devistating to the moral of the traders jumping on board. I do believe that we have seen the bottom of Wave 2, the correction wave, at 0.36. These things are difficult to count so I have zoomed into the 15m chart to detail the underlying structure of the WXYXZ as I see it. You will...