tecknit

tecknit

This is what I am looking for

tecknit

I did not think it will actually play out but it seems to be happening. I remain bullish

tecknit

My target is 170 before accumulation happens. Do you feel panic in the market? I do not feel it. We need panic first Unlike Bitcoin, it takes far longer for stocks to finish its correction

tecknit

Literally every single time

tecknit

If we place the NEO/USD chart next to the BTC/USD chart with price action prior to 2016, then we can make many comparisons. Some may argue that there will be one more leg down, however given that we are already within the trading range of the previous Wave 3 and Wave 4, this possibility is not likely.

tecknit

To the moon

tecknit

My target for this sub-wave 5 of wave 3 is at 78.6% Fib ratio. We saw a similar 78.6% Fib ratio target being hit on the sub-wave 5 during the wave 1. I am still marking this analysis as long because I am already in a position from 6,200. However for those who are wanting to enter a position, I would wait for confirmation of the count before taking action since it...

tecknit Updated 

I have done the Elliot Wave counting and made sure that the potential Fibonacci algo targets are hit to the tick (if not to the tick then very close). You can see the entire count from the 5,800 low. If you are interested in knowing the Elliot Wave count with Fibonacci algo targets from the December 2017 high, feel free to message me.

tecknit

Let's see if this is really the algorithm

tecknit

Let's see let's see

tecknit

As I believe we are just beginning a larger bull run, I will not be opening any short positions. Instead, I will be laddering in buys when this drops - and I believe it would because the Elliot Wave count is saying we are about to finish the bull count of Wave 4. As you can see, the previous sub-waves met 1.272 and 1.414 Fibonacci targets previously. The current...

tecknit

Correction should be over

tecknit

Ultimate FUD

tecknit

The below is the 2015 Elliot Wave correction count. As you can see, the RSI lines up with the 2018 count I drew above. There are many traders with a double zigzag Elliot Wave count towards 4,800 - but looking at the RSI, it doesn't make sense to be to have a sub-wave 4 (current move upwards) when daily RSI is over 60 - we're talking about an impulsive wave...

tecknit Updated 

In fact the bears seems to find a lot of difficulty having Bitcoin to retrace - this is EXTREMELY bullish in my opinion. I do not believe my previous target of 7,800 will hold as resistance and I believe Bitcoin may go up to 9,000 before the retracement happens. There are three more factors which indicate to me that we may have seen the bottom already and...

tecknit Updated 

Calling the bottom here

tecknit Updated 

This makes more sense

tecknit Updated 

I will not be opening any shorts here but I believe a retracement is needed first before pushing higher - the 1.618 target is met already