ThiagodeMello

ThiagodeMello

Weekly chart. Elliot Wave Theory + Fibonacci levels. May LTC surpass 100 USD by the end of the year? Let's see. LTC is slow but steady.

ThiagodeMello Updated 

My target projections for ETH based on Elliott Waves and Fibonacci. Let's see how it develops :-)

ThiagodeMello Updated 

Elliott Waves Theory + Fibonacci retracement/extension analysis. The price just broke up the resistance line at 50,434. Yay! First target is at end of Wave 3 = 60,802 before correcting to around 51,000 . Second target is at end of Wave 5 = 63,404. Happy trading! Ahoy! PS: I'm not a professional trader and I'm still learning market technical analysis. Do not...

ThiagodeMello

It just occurred to me that the price jump from yesterday just created an interesting supply zone for price reversal around 0,00009417 without any previous matching peak. It's something to keep an eye on in the next hours or tomorrow.

ThiagodeMello Updated 

I see a possible start of Elliott Impulse Wave (W1-->W2). Buying zone between Fib. 38,2% and 61.8%. Waiting for a confirmation of price reversal around Fib 61.8%. In case of a false alarm and down trend continues I'm putting a stop loss at the beginning of wave1 (W1).

ThiagodeMello

I see two possible scenarios ahead, both depicted employing Elliott Impulse Waves and Fibonacci retracement/extension analysis. In the more optimist one (blue), BTC finds itself in the middle of Wave 3 with space to grow until around 5100, followed by strong correction around 3600 and with potential Wave 5 ending up to 5600. In the second scenario (red) Wave 3 has...