After a generous pullback I would look for a move up to the top of the green box up there and then a sudden pull back. Doesn't have to, but this is what I am looking for. Volume needs to start increasing with demand to continue bullishly. Currently looking at the ascending triangle and also descending broadening wedge, two bullish patterns to push price up. If...
Lots of signs of a coming reversal for XRP, but it might be probable to think there would be one more sell off before price really starts to turn. I personally think we will see XRP at .70 cents, but I'm not risking a buy in here as there are no clear signs of a 'bottom' yet and still see that bearish divergence playing out some more. I am waiting for regular...
Gold continually printing regular bearish divergence along with hidden bullish divergence. The regular bearish divergence should be stronger and play out here soon, as volume agrees that buyers are just not stepping up to continue bullish momentum. We've impulse 5 wave up and now it's time for an ABC and everything tells me it's time. Wave 5 hit the target...
After bearish divergence playing out on the weekly, I expect a proper ABC correction down to spring us out of the trading range and with that move down I am hoping for bullish divergence to form like I shown on that arrow on RSI. Looking for a long position if price can get down to that level. This is for myself, not financial advice. Stay safe out there. Please...
Bearish Divergence continuing to print on the daily. Price increasing, but steady decline in volume. Where are the buyers at to keep it going? I see a rising wedge primed for a nice drop to the 61.8 and then lower. I counted the waves, and I would be looking for some kind of flat correction to form. AMD needs to breathe a bit as a correction is always needed for...
This is a bullish setup / pattern. Buying volume coming in steadily, RSI looking strong, and I think everyone wants to pump LINK. I don't see any reason for this to not break out, honestly. I expect a 5 wave impulse up. My targets are listed as I see which way we break out. Good luck out there everyone, stay safe. Please consider giving me a follow, it would be...
So clear of a pattern here using Elliott waves. We're looking for a pullback to around 63-65% dominance and then a 5th wave up to around 71% or more given if we overextend or not. That bearish divergence on the 3 Day confirms a pullback now. What does this mean? We could see Bitcoin correct more giving more room for Alt coins to take some of that overall market...
gyazo.com ^ So far everything is matching up just right. Now we wait and see if we 'C' actually turns out to be a wave 3 of 5, and the way we can tell is if it overextends the 1.618, usually that means were dealing with a wave 3 instead of a C. If we reject before the 1.618, then I will start playing for some sort of combination with another 3 waves. First,...
Silver has done a flat correction before, and it's lining up to do one again if price can't overextend the C wave past the 123.6 to turn it into a wave 3 of a 5 wave impulse. If price is rejected here, you can count on price heading back down for an ABC and possible combination again where we will triangle out and either break up or down. Down being most likely...
On the 3 day here, you can see strong bearish divergence on the RSI. Right now I am playing for a bearish bat harmonic structure. I am looking to enter a short after price touches the 2.618 fib. This would complete the pattern, giving me more confidence in a short position to about the 61.8 which shares confluence with past high to lows. If there is something...
These patterns look similar in the regards of we are also printing hidden bullish divergence at this same time, we are making the same sort of bull flag. But now it looks much much different because of the volume. Market participants now understand we could see much higher prices, they know Bitcoin is capable so we are not seeing the type of 'bubble burst fear' as...
After predicting the ABC correction out of BTC, which overextended my target by around $100, I am now flipping long and playing for a 5 wave impulse up to the R2 on the daily at around 11,470. This should be a conservative target as we have hidden bullish divergence on the daily, along with a retest and bounce off the 50 moving average. On the daily, Stoch RSI is...
This is an early call, as this could still be wave 5 playing out as my last Bitcoin chart target has. But with a strong move down like this, it's important to start considering a possible ABC correction for the next couple of days back to 10,220 area. Then start another impulse 5 waves up. This is meant for someone who day-trades. Simply educational, you should...
A textbook expanded flat pattern has completed and now we are looking for a continuation of bullishness from bitcoin. This is a really good sign for bulls as this would mean a higher high in price - somewhere in the 17K area. Currently need to invalidate that bearish divergence which would mean a jump in price to 11,100 and staying there and establishing ourselves...
Netflix after printing 3 day bearish divergence, price needs to breathe and come down to that red line on RSI to start printing bullish divergence. It appears price has completed a expanded flat elliott wave type pattern, and because of this I now assume 5 waves down before a real reversal to possibly go make new highs. On Balance Volume also diverging bearishly...
if you know just let me know because i have to know so my money can grow. thank you.
With the ascending triangle, and considering the length of this growth with no significant dumps, I believe retail traders are finally taking money off the sidelines and holding BTC, no more trying to preserve money for future drops. Retail is tired out and ready to hold on to BTC and adding that solid liquidity gives me reason to believe we won't dump past $2950...
Not really sure what I am doing, but neither do you so it's all good.