Super bullish. 3rd wave underway. Buy the sweeping green trend line if you get it.
Sure seems like everyone has suddenly gotten bullish after the last little pump in BTC. I'm here to rain on your parade. Simple fractal analysis shows, to my eye, that the last rally was a corrective one and we will be heading lower again soon.
..but you can buy me a drink at the top. strong move off bottom great setup in LTC.
Wow what a chart. start of 3rd wave after 1-2 i-11. Super bullish, hang on.
Probablities for a run in BTC to over $100K have been steadily increasing. Attached is bullish chart diagramming the completion of our i-ii pattern in high $40s. Look for long entry there, if bullish, for move to $100K plus.
Have been tracking GALA since buying at .22 and selling at .80. Expect final leg lower on this correction which will present excellent buy op for the run to $1-1.20 or so. Good Luck!
LINK not looking great to this chartists eyes. Solid descending triangle suggests more pain to come for bulls. Need a strong break of top trend line - ideally with successful back test - to resume uptrend.
LTC fractal analysis show a bottoming pattern that should be almost complete. Observe fractals highlighted by green oval and in particular the pattern shown by red arrow. We should be about to embark on another strong move up.
CUBE should be taking the next leg up to complete it's 3rd wave likely somewhere in the mid $30s (WAG). This will be followed by a corrective 4th wave pullback then a final series of moves higher to complete the full 5 up targeting $50 plus.
Some basic SPX TA. Appears we have an ending diagonal, AKA rising wedge, that may be in the works. Would suggest a bounce from around here to top trend line. Face rip rally today?
Basic ETH TA here. As I have posted before, we have a clean falling wedge in ETH that suggests a trip back to the bottom trend line. Need a strong break of top trend line - ideally with a successful back test - to resume uptrend and new highs.
I know everyone got stoked on yesterday's pumps across crypto land however this simple 1hr BTC chart shows descending triangle which is a bearish formation and suggests we are about to roll over into the low 40s.
I can count a clean bottoming pattern per elliott wave analysis. Just getting time to post this now. We added long to assorted crypto positions on this mornings sell off.
Simple chart here. Let's see if we get a bounce soon in ETH if this wedge plays out. To confirm a higher move sustained break of upper wedge line required.
Strong case can be made, to my eye, that GALA needs a final small 5 down to complete it's correction before heading to $1+. We'll see.
While there is a distinct possibility ETH has bottomed we are tracking a count that would take us into the low $3Ks before this were to occur. Odds have been increasing that one more final flush is in the works and we remain on the sidelines until this current inflection point has resolved itself.
IF BULLISH ETH long term - I'm expecting a final flush down to the $32-3400 range and then a march higher for ETH. Base case bull count.
We have a textbook bear flag in BTC as well as a nicely completed ABC correction according to elliott wave analysis. Let's see if we get the next flush lower in BTC now. Keeping it simple.