eliliving

eliliving Updated 

This might look a bit messy, but what I have here is called a "flat". It's a correction that consists of three major waves (ABC) (in the pink). Each wave has a number of sub waves. Wave A containing three sub waves (as shown, A B C in the orange going DOWN), Wave B containing three sub waves (as shown, A B C in the orange going UP), and Wave C containing 5 sub...

eliliving Updated 

Should expect a flag or pennant to form sloping downwards soon to create the handle, then price should break resistance and retouch that level for support to reach new highs.

eliliving

On my previous idea, I showed you two things happening - an ascending triangle and a rising wedge. The ascending triangle took over and now price is going bullish. 20k will be hit very soon. Stay tuned.

eliliving

In play I see two opposite moving patterns - a rising wedge (in purple), bearish, and an ascending triangle (in orange), bullish. What do YOU think is going to happen this morning to price? Will it rise or will it fall? Choose the pattern that you think will come out victorious. Talk about it.

eliliving Updated 

I expect price to break resistance tonight for XRP to reach new highs. It's happening. Elliot waves formation is completely. Just waiting on price to move on up.

eliliving

This is a pure rising wedge we have here, a great chart pattern that breaks BEARISH. As lines are converging, resistance is rising and support is rising faster than resistance. This functions as a reversal pattern, so prepare to short! This pattern has a fairly good consistency and is very predictable in the direction they break. The trigger to enter bearish is if...

eliliving

I fixed up my trend lines and Elliot Waves so that I only counted the wave if the actual candle body landed on the trend line - no longer will I count it a wave if just the wick lands on the trend line. I'm looking to see price complete the final two waves before increasing in price even further. Still looking bullish for me.

eliliving

In the realm of technical analysis we normally think of the descending triangle pattern as being bearish. As the pattern progresses more towards the apex, can psychology change? Lets talk about this. What do you think?

eliliving

Potential descending triangle pattern forming? If so, could price break support and dip lower back down under $2? What do you think? Lets talk about it.

eliliving

I don't really need to say much, it's all there in the chart.

eliliving Updated 

We have a downwards pointed symmetrical triangle (BULLISH INDICATION) forming. Inside the triangle is some consolidation that's getting rid of all the weak holders who will sell out (DON'T BE THAT GUY). RSI/Stoch are looking bottomed, so I would expect this to turn soon. I've noticed Bitcoin really loves triangle consolidations, so I wouldn't be surprised if this...

eliliving Updated 

A double bottom reversal has formed. Price should surge upwards and forming a potential triple top reversal in the future around the 134.383 range, which ultimately, could follow a break below the support level of around 131.712. What do you think? Give me feedback. I'm a newbie - so I need it.