A decisive moment in BTC/USD is approaching which is the intersection of the 2017 rally trend line and the current downtrend line. If we do not break above this red trend line before the end of the month we will fall below the green trend line and a bear market continuation is pretty much confirmed. I do not think we will return to the blue trend line as we have a...
I was originally bearish on XRP as i thought there was one more sub wave down to the $0.50 mark to complete an ABC however we broke out instead. If the up-trend continues I have outlined by short term targets with $1.60 being my primary target. This all depends on BTC as XRP closely follows what BTC does, if we break below this channel I will remain bearish on...
Hi guys, decided to update my analysis on SUB (Substratum). We have likely completed wave 1 of a larger Elliot wave cycle and are currently in wave 2 correction OR have started wave 3 up. Either way I believe we have found the bottom as there is a lovely bull wick touching the 0.718 fib to complete sub-wave C. Now i have drawn a wedge pattern that we will breakout...
Hi guys, updating my own analysis on BTC and decided to share. If all goes well and my wave count is correct we are having a small cool off as wave 2 before we commence wave 3 which should test 10k in the near future. Now this is a very short term analysis so is subject to change very quickly but at the time of writing we are at the 0.382 fib retracement of the...
Hi guys, after a heavy sell off we finally got a bounce off 6k which was in my original buy zone (see previous idea) with some great volume to form an initial impulse wave. Now is this the long awaited reversal? This is the signs I'm looking for on the 4H chart: Impulse wave- We have likely completed wave 1 of an impulse wave up so expect a small cool off period...
Decided to take a look at the infamous Verge (XVG) and having a look at its life and we can see has a history of parabolic run ups over 3000% every single time, even recently. This is then followed by an extremely heavy pullback for an extended period of time, which in today's current market people will say its because its a bad coin or a pump and dump. Are they...
Hi guys, decided to do extensive correction analysis on ETH/USD, my count leads me to believe we are at worst in the ending diagonal of an impulse wave down (iv). This could possibly will lead down to the major support formed by the 0.618 fib and 200 MA which should produce a nice bounce starting off wave 1 in a larger Elliot wave cycle. This by my count forms an...
Hi guys, let me start off by saying I'm not really a fan of Tron I am purely doing this from a TA perspective and not FA. Overall the chart at this point for TRX looks great, clear cut Elliot waves and correction waves. The heavy retrace in the current wave 4 is concerning however taking into account wave 3 took us up over 400% and wave 2 did not retrace much it...
Hi guys, updated my analysis for BTC and i believe we are in the last wave down before (I hope) a reversal. The bounce off 7.8k was good but not convincing enough to signal a trend reversal and the overall momentum off the bounce is diminished or actually going down at the time of writing. Nevertheless this presents a buy opportunity and a chance to try and catch...
Hi guys, I could almost copy and paste my analysis for ripple into here but i see this more as a buy opportunity as LTC hasn't been hammered with FUD as much as XRP. Sure it has had plenty but not so much as his little brother. Anyway moving on with the analysis, the 200 MA, 0.786 fib and trend line formed by previous lows all inhabit the same region so support...
Hi guys, I've seen a lot of ideas on the trading pair about going long at this level which may end up being good directions but XRP/USD to me doesn't look good. As you can see we are currently resting on the 0.786 fib for the entire December run up and just a little above the 200 MA. This region is also on the support line made by the wave 1's ATH so theoretically...
With BTC bleeding heavily BNB off course will go down with it, likely between the 0.618 and 0.768 fibs. I have drawn a descending wedge pattern but it will likely get decimated by BTC volatility but i thought i'd leave it just in case. In any case this presents a great buy opportunity for those who want to pay for their trading fees this year, if you didn't know...
Just practicing my correction analysis on bitcoin (which is such a struggle to analyse), anyway i think i came up with a plausible count for a symmetrical triangle in a bear market situation. Sub-wave counts are a bit ambiguous but that is their nature sometimes. Not making any predictions just wanted to get thoughts on my analysis. However if the count is correct...
Hi guys, i decided to attempt an in-depth correction analysis for Cardano. Please note this wave count may be entirely false, as extended corrections such as these can be complex to track but i will give you what I believe is plausible to probable count. Moving on with the analysis Cardano has been consolidating in this bearish descending triangle for a while...
Perfect symmetrical triangle forming for WABI. These are a sign of price action which can be BOTH bearish and bullish. Either way it provides us with a opportunity to either buy the dip or buy the breakout. With the current market state and btc looking to drop below 11k once again i do feel a break to the downside is likely especially because WABI has not...
Looking at SWT/BTC on a larger time frame it has finished a MASSIVE downtrend in the form a likely ABC correction. This means we are almost certainly in wave 1 of what is likely a larger Elliot wave cycle. The impulse wave up has reached what is likely sub-wave 4 so we can expect another run up (sub-wave 5) where I am targeting 0.786 fib extension. We can then...
My Elliot wave count for LINK/BTC, as you can see I believe we haven't started wave B yet but it could be possible this last dip is wave C. Though it is likely still wave A taking into account the average numbers of days between waves, that is if we are in wave c then wave a was abnormally short compared to the rest for LINK/BTC (I know time frames for waves...
Haven't seen any Elliot wave analysis for SUB recently so i thought i would give my input. If my wave count is correct we may be about to finish of an ABC correction which has retraced to 0.618 fib which coincides with wave 1 and wave 4 of the previous run up. RSI indicates very oversold on the 1day and 4H charts. We are currently in the buy zone now however if...