LukeSkywalker

LukeSkywalker Updated 

Merry christmas guys. Next target 3360, after our IHS

LukeSkywalker

Potential Long at: 3664 We are currently ongoing a 1-5 waves down the C. What i am looking for is for the index n the RSI hitting the yellow divergence on the 4H. That will happend at the end of the wave 5, which is at 2.272 fib at 3664 OR .2 fib at 3726 . It might be a good idea to place a long there with a tight SL. If i am correct we are looking at a big C...

LukeSkywalker

Short answer is no. In my last post i stated that bitcoin has had a bottom, and 3630. We'll after further analysis i found that we are simply just completing the 4th wave, before we go for our 5th wave. Bitcoin is gonna drop, from 4200 and all the way down to 3020, for the completion of the 5 waves, before going up.

LukeSkywalker Updated 

5 waves completed ending at 2.272 (3630) index price. My First target will be 4100.

LukeSkywalker

ETH is a very crucial point. That is the area between 110-108 USD. Why may you ask? By drawing an ABC we have 1. fibonacci which ends at 108 USD. Within the C wave we have 5 other waves. The 5th wave ends typically at .2 Fib or 2.272 fib. .2 fib in this case is 110 USD. So if we dont get a bounce between 110-108 area. ETH will go along and test 2.272 fib...

LukeSkywalker Updated 

I believe this was the end of the drop of BTC. This was the end of wave 3, now we begin wave 4 ending at about 5800-6000. The the final wave will end at 4800, at 1.618 extension of the wave waves and 1. extension of the ABC.

LukeSkywalker Updated 

BTC currently found support at the (E) at the Acending triangle. If BTC can hold support at 6280, and not break below, I see it breaking up targetting 6800.

LukeSkywalker Updated 

Possible BCH short Waiting for confirmation below 1. (Price: .9113) 1st Target: .6550 2nd target . 5200

LukeSkywalker Updated 

Wave 2 is done, finishing off with the 0.382 fib extension. I would buy at this support. Target: Previous resistance at 387 USD

LukeSkywalker

I believe we hit the bottom at 198 USD The ABC correction down is finished touching the 1.272 fib at 198 USD. RSI is already turning up, on the lower timeframes, daily is about to follow. Also we have a triple bottom on the RSI, on daily. Target is the previous resistance at 230 USD.

LukeSkywalker Updated 

5 waves completed. Target fib 0.5 (Price: .7745) Stoploss just above the .2 fibonacci.

LukeSkywalker

The reasoning for believing that this is the bottom is due to the ABC, ending C at exactly 1.272 extended fibonacci. Price bunched shortly after. What also confirms this theory is drawing 1-5 waves, on it. By drawing the extension of 1-2 waves i see that .2 fibonacci ends at the exact same price at the C at 87.10

LukeSkywalker

ABC is completed Within wave C we have 5 waves completed. No longer a RSI divergence. MACD turning bullish on 4H

LukeSkywalker

We hit the 1.272 extension perfectly Now the target is at 1. extension at 36.63 USD Stoploss would be just a little above the 0.854 fib at 51.70 USD.

LukeSkywalker

We hit our previous targets on AMD 5.87% short. Now we switch sides, and go long. The reasoning behind that: is that we had the ABC correction which ended at 1.272 fib extension. The new target is that we hit our last high at 33 USD.

LukeSkywalker

It looks like NVIDIA found support around 1.272 fibonacci. I believe Nvidia is about to start it's retracement to 0.5 fibonacci (Price: 234.20), which is the first target. I will keep the chart updated, make sure to follow!

LukeSkywalker Updated 

Sorry, for clickbait but this is my outlook: I am extremly bearish on PayPal. The reason for that is a B, extension to 0.618 (Price: 86.50) Meaning that was the top. Now it should be followed by a C wave, which ends at 67.61 USD. I will be placing my stoploss at 88 USD.

LukeSkywalker Updated 

When doing my daily analysis on BTC, i noticed that the intial resistance from 5000, could potentially be a valid support in the future. After that i drew an ABC pattern, starting from the pump all the way up to 8,5k. We went down to 5,8k then hit the 0.618 extension at 7400. Would this then mean that we have a potential C wave coming? By drawing the...