Mycomorel35

Mycomorel35 Updated 

Bitcoin continues to test the downtrend line and continues to fail. I had bought the retracemant at 8690 with the intention of selling at 8775 went and had some breakfast and came back surprised to see BTC testing the trend line again. We are seeing some strong buying pressure but I'm still hesitant to say we will breakout as we are still seeing rejection and if...

Mycomorel35 Updated 

If you've been following my trade then you know how I've been trading BTC for the last few days. I know realize even though my price points have been on my EW count has been off. I have come up with a target that I believe is very likely to finish btc's fifth wave. 8000 is the 2.618 of the current wave structure btc is in and also the .618 of the run up from...

Mycomorel35 Updated 

It would appear that BTC has completed it's 3rd wave and is in it's correction phase. Depending on how I count this it is possible that we have already made an ABC correction into our fourth wave but my current count I'm trading off of is the count I have displayed. A wave to 8750. As I played this out yesterday I had hoped we could see BTC complete wave 3 to...

Mycomorel35

As you can see bitcoin has completed the A and B wave of it's correction of it's five wave impulsive structure off our previous lows and is set to complete it's C wave down. I've been waiting all day to see what happens here. I have a theory that the market knows what it wants to do well before any of us do. With that expectation I believe the B wave took as...

Mycomorel35 Updated 

The more I look at this chart the more bearish I become. WTC had a nice ABC retracement last week that made for some nice profits. It would appear we are forming another corrective wave that should take us down toward the 0.00079000 sat level. WTC currently looks to be finishing the 5th of 5 waves. The question to me is will it have a last push down toward the...

Mycomorel35

Looks like Bitcoin is either at or nearing it's bottom. A few days ago I laid out two options for this 5th wave down. Looks like it is likely we should see at least a temporary bullish move, all be it corrective, off this low in the 7200 area. Currently waiting for conformation to go long once btc breaks the downtrend line. I have already closed my trade from...

Mycomorel35

As you can see from the chart WTC is continuing to loose value. We had a nice ABC retracement last week that netted some nice trades for me but the more I look at this chart the more bearish it becomes. You can see right now we are completing wave 5 of what appears to be the first wave down toward the 79000 sat level. That level would be a good level for a...

Mycomorel35 Updated 

It would appear we have an ABC correction forming off of the 148% run NCASH had over the weekend. It would appear we have formed wave 1 of the C wave and are preparing to push off the downtrend line in wave 3. There is not a lot to go off of in this chart as this is a new coin but this chart continues to look fractal in nature notice the ABC in the bottom corner...

Mycomorel35 Updated 

I this post I will layout where I believe we are, where we are going, what evidence I see, and the two ways we can get there. Keep in mind no one knows exact numbers or exact scenarios but the evidence is starting to mount and I will lay it out for you so you can make the decision. My main premise is that we are in a fourth wave correction. I made a post about...

Mycomorel35

I rather enjoyed trading this coin thru it's ups and downs and it produced many great trades along the way. It's movements where made for a technician. Like a dancer, it hit every step. But now Poet has fallen on hard times, almost lifeless and limp no one seems to want to touch it. It's volume is down 90% and it appears ready to push down to lower lows. It's...

Mycomorel35 Updated 

We can see Bitcoin has ended its wave 3 correction and is now in wave 4. Key points: Wave 2 was complex so wave 4 should be simple I have highlighted what we should see in this correction. Very simple ABC correction inside an ABC correction Assuming this happens I will be making a trade in the highlighted area with a sell target around the $8300 area depending...

Mycomorel35 Updated 

Had a friend who wanted me take a look at NCASH so here it goes. Looks fairly obvious that we have a retracement of the initial drop. Question to me is do we go up from here or are we starting another C wave correction before we finish with a C wave up toward the 614 sat area. I missed my buy opportunity last night at the bottom of the A wave as i'm currently...

Mycomorel35 Updated 

As you can see Bitcoin has started to break down as expected. Guess I was a day off on my timing although it helped me build patience in waiting for this trade considering there where a few alt coin runs I would have liked to have traded out yesterday (NCASH 148% in 3 days made for some nice retracement plays off the A wave). I have laid out a more detailed...

Mycomorel35 Updated 

My theory for a while now is that we have been in a 4th wave correction for the past few months and that we have seen the completion of the A wave and we are looking for the C wave down. If that is the case we should see an ABC correction off the A wave. We have what appears to be a possible ABC correction but the B wave only corrects to the .382 (at the 9350...

Mycomorel35

Yesterday I posted where I believe Bitcoin is in it's Super structure. Looking at the 4 hr chart you can see it would appear we are setup to complete the C wave of wave 4 to the larger degree. I have hesitated to say btc would go down from this point considering in the past we have seen 60-90 days between completion of the A wave and completion of the C wave in...

Mycomorel35

Looking at the Super cycle shouldn't we be looking for the C wave of wave 4. You can see I've pointed to the C wave in wave 4 of Wave 1 and 3. We should be looking for the same pattern now. Considering Bitcoin repeatedly truncates it's C wave we should be looking for a C wave termination around $7,000 but considering bearish market emotion we could easily see...

Mycomorel35 Updated 

This is my first published idea and would enjoy any feedback you may have. With that said this is what I see. Over the last few week we have completed what appears to be waves A and B of an ABC correction. Bitcoin's last two ABC corrections have corrected to the .786 but this B has fallen short of .618 which had me expecting further correction until this...