MAGICMARK

MAGICMARK

This is why I think ETH is a great buy opportunity. See all that green ... months and months and months of support. See that red line ... see what it's doing to the price? What happens when we break that red line? I have orders stacked from $300 to $400 ... let's see if I'm wrong. :) My biggest concern ... all my orders might not get filled. Remember only...

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EOS is said to be one of the most ambitious coin projects to date. They have launched mainnet ... and that has not been without some glitches, but I do think they've dealt with those rather well. The latest is the constitution, which allows for freezing of accounts by big players ... and a recent announcement by Dan Larimer seems to suggest they are dealing with...

MAGICMARK Updated 

Quick one today everyone. The first wave up went to just above $18, then corrected to just below the 0.786 fibo. The second wave up went to just above $23, and then corrected, currently sitting just below the 0.786 fibo. Is EOS ready for a move up? Using the ratio of peaks (second peak / first peak), the projected target for the third peak is $28 ... but $30...

MAGICMARK Updated 

Hello gang. OK so here's the Renko on the daily. If you've seen my previous ideas, you will notice I've been talking about a big triangle wave, along with some other people doing TA. These waves are bouncing in a big triangular formation ... 20k to 6k, 6k to 11.7k, 11.7k to 6.5k, 6.5k to 10k and now the final wave ... which has broken down below the triangle...

MAGICMARK Updated 

Hello Everyone! Well ... these BTC movements have allowed me to go outside and enjoy the good weather. Ha! I'd like to point out a new trend line I just discovered ... see the black trend line. I've placed black markers where we have direct hits, and purple markers where we have soft hits (almost got there). Interesting eh? I wouldn't say this is the be all and...

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Nice green candle ... nicest I've seen in a while ... but is that it, bears done, bulls taking over the bar? I wouldn't be too quick to assume that. Judging by the current wave shape from 61XX ... we need this wave up to be MUCH stronger to look like an impulse wave up. That rally, although interesting, has not broken the major resistance sitting at 6900. No...

MAGICMARK Updated 

Hello All, A quick update ... there are different possible interpretations when it comes to EW. The short summary ... (1) did we have an ABC correction up from 7040 (black wave)? (2) or did we have an ABCDE leading diagonal up from 7040 (purple wave)? Thing is, selecting one or the other decides when the impulse down started ... and the projected bottom (in the...

MAGICMARK Updated 

Well, there you have it guys ... many predicting BTC could go to 4k or even lower. Is it possible ... sure. It's a question of (a) probability and (b) timing. From 20k I think we are in one mega ABC correction. A wave took us to 6k ... B wave is this triangle we've been in for several months, and C wave ... could be the ugly wave down to the 4k to 5k territory...

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Hello everyone! So here, we are ... BTC, tried to get to 8100 on an IHS (see chart). Stalled just over 7.7k territory. Now what? A few days ago, I posted an idea about a back test of the 7k bottom ... I also didn't like the fact that we didn't quite hit the rising 6 month trend line (now almost 9 months long!), which was sitting at 6.9k. So, I do think we are...

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Hello folks ... interesting times. I have to admit, the fact that we did not crack 7k (yet) threw me off a little. The Bart Simpson pattern which was created prior to the bottom at 7040 made it very difficult to count waves. It does seem we completed an ABC from 10k down to 7k. It also seems to be that we are in recovery mode. But let's be honest ... the...

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Complicated one today guys. I'm basically showing waves (intermediate - purple), within waves (primary - red), within waves (cycle - blue). According to my count we are forming cycle wave 4. Cycle wave 4 is a corrective wave, and could end where cycle wave 3 ended its primary impulse wave 4 ... see the red 4 around Sep 15, 2017 ... around 3k. Some people are...

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From 10k, we are in wave C of an ABC correction (see purple line) ... heading to the lower line of the triangle .... completing cycle WAVE E (red line). The ABC correction is comprised of a 5-3-5 sub wave system. Renko diagrams support that we have completed wave A and B of the ABC taking us to the bottom of the triangle (see my previous idea). It's possible...

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Hello everyone. So there's been much deliberation over the wave count. Certainly the drop from 10k has had a few minor bounces, and it is hard to distinguish what is really completion of a wave ... which obviously impacts the wave count. So this morning I switch to Renko bars ... looks clear as a sunny day to me. Up to now, over the past 2 days, I've been...

MAGICMARK Updated 

Hello guys. So here's an update on my idea ... some polishing up done, with the new data, but the concept still remains the same. For those looking for a summary only. - we are likely forming wave E of a triangle pattern (see red wave) - we are likely in an impulse wave, where wave 3 ends and wave 4 starts (see purple wave). - the purple line is my highest...

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Well folks, that last drop into the 75xx area, pretty much confirms we are heading to the bottom of the triangle. I took a long at the 0.618 fib as it was possible the correction was over ... but not without a stop, and those triggered just now. I still have some alts (EOS) that have found support ... but I'm not sure those will hold. Stops ... set them, and I...

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Folks, I want to be clear ... I believe we are in a bear market, very little doubt otherwise. I have presented 2 scenarios, one being that we are going down to 6.9k or so as part of a wave E of a triangle wave, and the other saying we are in an impulse up and are just experiencing wave 2 which is a natural correction .... and that I believe that WAVE E (down) is...

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Don't you love it when a plan comes together. As predicted, EOS was pushed out of that wedge by BTC ... and we had to be patient but it's looking nice right now! Volume is my main concern .... it is pathetically low for BTC, and that of EOS. But look at the resistance levels folks ... and look at what happens above $15. I doubt BTC will be stable long enough...

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Hello All, Here's an update on aELF. So those who followed my call last night would have woken up to a 15% profit this morning. BTC is expected to make a pullback and could very well be doing that now (this appears to be wave b of an abc correction up). Once wave b is complete, BTC could start moving up in wave c and that could propel ELF through resistance. ...