TheWhistler

TheWhistler Updated 

From the highs at 13868 Bitcoin has sold off consistently. The retracement is most likely complete forming a low at 7296. The rally from this low to 10540 is impulsive in nature ,while subsequent pullback looks corrective. Hence as long as price holds above 7296 i expect buying to get stronger in the coming weeks. A break above 10540 would strengthen the bullish...

TheWhistler

The corrective sequence that commenced in June is looking mature and nearing completion. Levels to watch for buyers to step in 7430-6600

TheWhistler Updated 

Expecting BTC to resolve lower in this corrective sequence

TheWhistler

If count is correct, then Primary wave 5 has commenced and should carry price below August 2019 low

TheWhistler

The pair is in a corrective 4th wave which has met all requirements and might very well be over. Allowing for marginal high however the upside looks limited. Lower prices expected to a new low to complete wave 5

TheWhistler

See related ideas chart of the pair spotting a huge triangle since 2008. The pattern looks complete and we have 5 up. Bullish against the low at 115.857.

TheWhistler

Initial five up might suggest a turn is at hand. Bullish against the at 1.09259. Break of this low invalidates the count

TheWhistler

The retracement in the pair looks mature and the ending diagonal has met it's minimum requirements plus a throw over in the making. If this count is correct , the low of Dec 2016 should hold.Should this lows get taken out, the bullish idea is off the table. Keep an eye on the resolution of this pattern

TheWhistler

Lower low consolidation. Highly probable to resolve lower

TheWhistler

The pair has an incomplete bearish sequence. The Y leg so far seems to be tracing out five waves sequence suggesting the Y leg might be a zigzag

TheWhistler Updated 

This symmetrical triangle has been in the making for 7 years! and looks like we are at a decision point. The Yen has been on fire this year so far.Hence a break here is highly probable and will provide great opportunities on the short side for weeks and even months to come. This one wins a spot on my watch list

TheWhistler

The move from 1400 low ( termination of wave (e) , see linked idea) to the 1453 high has unfolded in three waves before the sell off to 1413. This seems to suggest the wave (iv) is still unfolding into a possible expanded flat. Neutral unless gold takes off the high at 1453

TheWhistler

BTCUSD has traced out a flat retracement. Hence the label change from WXY to ABC. The only question is if this is all the retracement or part of. The market will answer this question in due time. In the mean time I'm bullish against the 9071 low.

TheWhistler Updated 

Gold is in what looks like a triangle in wave 4. With the (e) still in progress. If this count is correct, then we have a new high in the making ((Triangle ain't confirmed until the b - d trend line is broken)

TheWhistler

Pair correcting the drop we just had to 0.9693. It has so far traced a clear 5 waves up which i have labeled as (a). Wave (b) might have completed at 0.98449 or it might make another low before heading up to complete (C) wave. In other words a zigzag in the making

TheWhistler

As expected we see buyers building momentum. I'm bullish against 0.69105 low

TheWhistler Updated 

The rally from Jan '19 low is clearly impulsive. The pullback since 30 Jan high has been corrective so far and has traced out a WXY pattern. Look out for buyers around current levels

TheWhistler Updated 

Looks and feels to me that the correction ain't done yet. And i expect to see more down side to complete the (Y) leg. However if pair breaks and holds above (b) , this weakens the bearish case