Unless you have Bear attack PTSD you can't refute that divergence, or the fib retrace guys. Dont be that one who let the dip pass him by again after that winter beating. Accumilate for summer and ride that ATH next winter. Enjoy!
OK so Something That's been eating away from me since $6k but also the corrective cycle from $6k to $11.7k. I've seen mass adoption of the assumption the pull back from $20k to $6k was an impulse wave of sorts. That said, The very basic fundamentals of an impulse wave have 3 "Unbreakable Rules" of EWT. I've also see widely published and accepted TAs which identify...
So, presuming the Mt. Gox Bubble scenario, the million dollar question is which pink circle we rest in right now?
Time to become a Crypto OG if you can hack it!
Multi Year trend, EWT, Divergence. BTFD!
Hello Traders! I'll keep this short and sweet today with my first ever XLM USD TA. We can clearly see XLM trading in an ascending channel since the bottom of the dip! We have however been running into some overhead resistance around the $.42 resistance line forcing us into the tip of several trends and the overall symmetrical triangle from the ATH we've...
Hello Traders! Thanks for checking my updated TA of XLM! If you havn't seen it yet, please check out part one of my XLM TA. Just a quick update as I have a very busy day today and hope to be able to dedicate more time to my charting soon! So, as we can see, XLM managed to encounter a corrective wave at the very time it was forced into the tip of the wedge! This...
Hello Traders and Investors alike! Welcome and thank you for checking out my TA! We can see my TA from yesterday experienced a complete lack of volume resulting in a break down. As I noted then, should we not find the volume to push through with the help of passing the inverted head and shoulders neck line, a break down to my 1st TA levels was highly likely! That...
EDIT: to fix some inconsistencies in my mentions. Well well well, Seems my Elliot Wave Theory still needs some work! I can see why soo many of us have such difficulty with it and even fail to mention it in their TAs. As we can clearly see, BTC 6.49% had different plans in store for us in the hours since publishing my 1st TA. He'res my updated observations and...
Well well well, Seems my Elliot Wave Theory still needs some work! I can see why soo many of us have such difficulty with it and even fail to mention it in their TAs. As we can clearly see, BTC had different plans in store for us in the hours since publishing my 1st TA. He'res my updated observations and analysis. We've broken the lesser trend line and seem to...
We can see the completion of the corrective wave has come to pass with the C wave completing below the trend line and upper resistance. We can be confident in this due to the pivot in line with the yellow dotted line between the wave 4 high and the wave C high. Initial candles and volume indicate we've started an impulse wave down. This is important because...