jwburnum

jwburnum Updated 

We are in a consolidation at possibly 57.30 for the next several days and possibly weeks. Look for very low volume at one of the Fib levels. As noted, the fib. ratio of the high/low spikes to range is exactly .382:1. I'm seeing a very profitable exit point at the golden ratio of this range. We need to see consolidation for this to happen.

jwburnum Updated 

Since we have broken down to 50.23 from the bearish triangle, and a nice 5 wave impulse up to 56.4 hitting 76.4 of A, we are seeing C coming. But more importantly, we are seeing all the C's line up . IF AB=CD then we have External AB=BC at 61.8% AND.. Another larger external AB=BC at 61.8%. If we go higher than 56.4 we lose all the C's from lining up! ...

jwburnum Updated 

We've hit the peak of the spread chart and cycles are lining up with the 5th wave of COINBASE:BTCUSD . A possible pivot shift coming very soon. BTC is way too high to buy right now. Once BTC breaks down, we may find many traders switching to altcoins. COINBASE:ETHUSD is approaching the end of its triangle wave, while COINBASE:LTCUSD is on solid support.

jwburnum Updated 

Source: Coinbase GDAX Double Three Combination. Fibonacci is lining up for the last sharp zig zag down to ~55 2 is 1.23 of A. The last complete sharp zig zag will tell us if entry is at the ~55. The B on the last three count is only speculation. Good buy target is ~$55

jwburnum Updated 

Flat corrections are also known as complex sideways patterns. Their shape is also the three-wave pattern, but it is considered to be broken down into a smaller subset of three-three-five. LTC has fairly similar equal time cycles in the three pattern. Contracting Triangle Correction Guidelines: In contracting triangles, the five-wave sequence will have at least...

jwburnum

We are in triangle wedge at the moment. 61.8% has been confirmed twice. This is a huge trait of an elliot triangle wave. 61.8% is important to validate. We are going to see slow movement for the next several days. I'm projecting the price to go back to the center position. What's interesting to me is that the fib time retracement low from today back in...

jwburnum Updated 

I believe with have hit support at 73 for the end of the last 5 count. I might be early calling the 5th wave, but the patterns line up on the earlier 5 count. We are very close to a new trend coming. Still learning here, but the RSI is giving away all the wave counts. If you look at the 1 minute with RSI, you'll see the divergence is lining up with all the...

jwburnum Updated 

New to learning elliot wave analysis, and having tons of fun learning and making money with the hard education. I'm not reading from web-pages but from established books instead. I trust the information more. Notice the percentage retracements. I hope this helps. If any of you have suggestions on this correction wave analysis, I'm all ears.