WineTrader888

WineTrader888

See the chart to see what I mean. Not financial advice. Speculative!!!

WineTrader888

Bitcoin has done amazingly well and managed to break over the 1.618 fib level of Wave 1 where it did face a pull back, however now that this level has been broken decisively by the bulls we must reevaluate the charts. Looking at the same Elliot Wave posted in my previous post, Wave 3 has been extended and the next major level is the 2.618 fib level of Wave 1. This...

WineTrader888

Looking at the monthly chart it looks clear to me that Elliot Waves 1,2,3 has been formed, and now that Wave 3 has hit the 1.618 fib level of wave 1 and dipped signals that wave 3 could be over. Meaning a retracement should occur before continuing the 5th wave. This presents a potential buying opportunity at the 0.236 & 0.382 fib levels, the reason why I think the...

WineTrader888 Updated 

1. Has the weekly bear trend been broken? Trend lines show a potential YES 2. 50MA and 100MA getting very close and if price breaks out higher, there will be a golden cross on the weekly. 3. Recent pullback (still happening now) features a potential massive long opportunity for alot of profits... 4. Check my other post about BTC.D trend that compliments a big rise...

WineTrader888

Confirmation of the end of wave 5 from previous leg down which we can see now as wave A, after the pullback there was a chance for BTC to go further to 24K as an extension to Wave 5 but looking at the large red candle forming on the Weekly, plus other factors, it is more than likely that the market has turned bearish and undergoing an ABC correction after the end...

WineTrader888 Updated 

1. Weekly candle closed above 1.0 Fib level of Wave 1 & 3 , meaning that wave 5 does not want to end at this level meaning it will go to next 1.618 fib of wave 1 & 3. 2. Bearish divergences showing up on Volume, RSI, MFI, and MACD. Suggesting a possible correction is on the way. 3. In conclusion, this weekly analysis presents a possible long setup to $24,000 I...

WineTrader888 Updated 

BTC.D negatively correlated with ALTS Wave 5-A dump of BTC.D happened when XRP pumped up almost 200% on Nov19 (Check for yourself) BTC.D in a large 1,2,3,4,5 ABC Elliot Wave Formation Now we see BTC.D being rejected at the 50 Fib level of wave A According to Elliot wave theory the size of wave B is either the 50 or 61.8 fib level of wave A ...

WineTrader888 Updated 

EOS looking to break out of current price levels because of the falling wedge shape and the potential bearish BAT XABCD pattern that looks likely to be completed. The fib ratios look good on the BAT pattern and if it plays out we should see breakout towards $2.8 and strong move down after that. We also see a clear long term bullish divergence on the...

WineTrader888 Updated 

There is a high chance of further price reduction right now for LTC because of confirmed ABCD pattern formation on the 4 hour chart. However I am very bullish on LTC mid-longterm so this is a risky trade setup but the RR is good and I like how the ABCD pattern is very nicely formed - within proper FIB levels. Take profits at the different FIB ratios then move...

WineTrader888 Updated 

1. XABCD Bearish BAT Pattern in final CD move towards area shown in chart. 2. There is heavy historical resistance at this level too. Check the chart and draw your own resistance lines to confirm. 3. XABCD Bearish BAT Pattern confirms the heavy resistance possibility. 4. Make sure to set stop loss accordingly. 5. Speculative setup, please do your own analysis...

WineTrader888 Updated 

This is a simple support & resistance analysis of this stocks current price level. The stock is at a price level which can be said as a good established support level, the last time the stock was here it was almost 3 months ago and it made good gains after touching this level. If anyone beleives there are other reasons for why this stock will continue to fall...

WineTrader888

Just a kind reminder to everyone here. Not financial advice. Leave some feedback if you have any ideas, thanks!

WineTrader888 Updated 

Trade at your own risk. I am just sharing this for your own information and I am not licensed to provide financial advice. If you have any input please share it in the comments below, any input would be awesome. Lets try help each other get better at making moolah! :$ :D

WineTrader888

This stock has decent fundamentals with a discounted cash flow valuation at around 70% undervalued at its current price of $1.77 at this time of writing. This company owns hotels all around the world and their market cap is above EV, their Book Value per Share in 2019 is at 6.78 and I suggest you find out the other fundamentals by yourself. Anyways, my opinion is...

WineTrader888

Simple trend analysis drawn