cheretic

cheretic Updated 

Backed up by AB=CD pattern + Elliot Wave Theory + Trendlines.

cheretic

My crystal ball gave me this reading this afternoon ;) In all seriousness tho, please don't trade off my doodles. Only one of untold possible scenarios. I'm keeping a close eye on BTC for some overdue corrective price action which could have a negative effect all the alt markets.

cheretic

It is clear from the charts that there is a link between these assets. As ETH enters into its correctional wave 4 will we see the money flowing back into OMG? I suspect we will.

cheretic Updated 

It would mean going completely vertical! Rising wedge will have to break down for a least a bit of sideways action.

cheretic Updated 

Here is a pretty good argument for the bulls. ABCD inside the ascending channel.

cheretic Updated 

A small time frame inverse head and shoulders neckline has been breached. The Neckline target will in turn breach the neckline of a larger time frame inverse head and shoulders with a neckline target of $11.7 A close above $8.61 on the daily chart will make a new higher high and confirm a change to an uptrend. Failure to breach neckline resistance and a breach...

cheretic

Break of lower trendline will confirm

cheretic Updated 

Technically reasonable. The Market might not agree. I will have a Sell order sitting at around $628. Wish me luck

cheretic

Just for fun... Fingers Crossed ;D

cheretic

Bitcoin achieved a hefty Fib extension target from $3000 to $6130! Now comes the correction. The right shoulder high at $6000 already in position. Neckline target at the 50% fib. Enjoy the ride :)

cheretic

Are we in the middle of a correction, or do we go straight up from here? Todays big green candle could be lower high of the short term correction, which fits a target nicely to the .78 fib. Or do we have the higher low from the .5 fib of the bull move on the larger time frame? Todays breakout volume so far seems unconvincing. Thoughts?

cheretic

Head and shoulders almost complete on ETHUSD with a neckline target at the major long term support line.