michaelcrypt

michaelcrypt

Had to adjust my elliott wave analysis to fit the current layout.

michaelcrypt

This is a hunch as to where we could end up, BTC is quite bearish due to the death cross, and may go further after hitting 7800 but we'll see how the bounce is when we get to 7800.

michaelcrypt Updated 

I think verge will find a bottom and support at ~460 sat, many things are conVERGEing at that point ( Stoch RSI crossing, the falling wedge ~460 sat, fibs retracement at 0.718 at 460 sat, and previous range resistance at 480 sat). Elliott wave analysis looks to be a ABCDE pattern in the falling wedge . Look for a hammer candle on the daily before we start the...

michaelcrypt

Previously wave 1's fibs retracement range was around the 0.382 mark, we can expect a much larger retracement for wave 3. Using previous ranges and the fibonacci retracement from the low of wave 2 up to the high of wave 3 the retracement most likely will hit the 0.5 mark or drop further down to the 0.618 fibs.