eddiemeek

eddiemeek

reposted chart from my chart to $6400 posetd a few days ago nothing changes.....

eddiemeek Updated 

Bullish to $6400 with #3driverspattren and inverted head and shoulders patterns, then a correction.

eddiemeek

Wow what a run, but where does it end? We know from history all good things come to end before they get better again. On a weekly chart I believe we in #5thwaveElliot which is running close to the upper resistance trend line, MACD showing bullish, above center line however below signal line, price rising which is a concern for me as it indicates divergence. Hence...

eddiemeek

If you like me and trying to make sense of the BTC correction yesterday, here is a possible scenario, I didn’t expect it but maybe we should have considering the recent rally. My observation is a 335-expanded flat correction pattern. There are 3 types of 3-3-5 corrections with differences in their overall shape. In a regular flat correction, wave B terminates...

eddiemeek

$Bitcoin still bullish with #5thwaveElliot (weekly chart), #bullpennant formed on 4 hr, after #waveE we should see push up to complete #wave5 (Weekly chart), $6.7-7K target.

eddiemeek Updated 

Is this a possible scenario, correction via H&S movement?

eddiemeek

We still on target (blue box) from my earlier chart!

eddiemeek Updated 

I often see crypto prices curl in front of the ascending triangle. Still bullish with Elliot 5 wave cycle.

eddiemeek

Descending triangle - trend continuation, see target box for possible support.

eddiemeek Updated 

I’m going to focus on the last few days where we have seen an ascending triangle formation on a 4hour chart. Ascending triangles are bullish patterns, as the pattern develops volume contracts as we can see, there should be volume expansion to confirm upper resistance breakout. When upper resistance is broken it should then become support. Sometimes it will return...

eddiemeek Updated 

Target box seeming more likely, bear pennat signaling down continuation.

eddiemeek

Bull pennant breakout trend continuation as expected, still bullish to 6K.

eddiemeek

On its way to target box.

eddiemeek

NEO – Head and Shoulders pattern signaling a trend reversal, support at 51K btc if it breaks this support line we could see a correction to target box, watch this one.

eddiemeek

After an ABC correction we have seen some upward movement and consolidation, then a breakout moving towards breakout (upper trend) target box at $390 (78 fibo). After the successful breakout of upper resistance, target is $500 (1.6 fibo).

eddiemeek

If you wondering about today's trading here is an update. We saw some profit taking this morning since then its been trading sideways to form a bull pennant (trend continuation), we saw the same shape yesterday with a breakout with abcde elliot. I believe we will see the same with the newly formed pennant as we move towards 6K. I'm still bullish to $6400. Twitter...

eddiemeek

What’s behind this BTC bull run I can only think of the public desire for free Bitcoin Gold, how long will it last? Maybe some up and down movement until the 25th? If we zoom out adjust our charts I’m still in 5th wave Elliot with next stop at $6400 upper resistance trend line (fibo 78), if it breaks that line next stop could be $6800 (fibo full 1). Surely, we...

eddiemeek

I sense an abc correction approaching as we near the end of wave 5 Elliot, I'm still bullish medium term but 5K is a psychological milestone and traders will take profits after the 5 wave rally and hard fork approaching. I believe price will peak around 4950 and then retract to around 4200 (.38 fibo) for a bounce for 1st wave Elliot, watch fibo levels for entry...