workin2005

workin2005

Currently on wave 4. I expect wave 4 to retrace to around $0.968, or the .618 fib level. If volume increases, expect a strong bounce to begin wave 5. Targeting about $1.05 as long as Bitcoin remains bullish AND volume increases.

workin2005

First, thanks to David for his generous tip. Per his request, here is a Stellar update. A bullish pennant has formed forecasting a possible breakout. Volume has increase slightly in the last 12 hours when compared to the last few days. We can clearly see bullish divergence on the OBV and RSI. As long as Bitcoin remains bullish, there's a good chance Stellar breaks...

workin2005

While nothing much has changed from my analysis yesterday, I wanted to respond to a request for an update from one of my generous followers who left me a very generous tip. Thanks Rich. I believe the 4 hour chart gives us the best perspective on ICON and the direction it's going. We can clearly see the 5 waves as well as the ABC correction. The C wave has been...

workin2005

Looking at the wedge, we see Litecoin has reached the apex and could break up or down at any moment. While a break down is possible, looking at the bullish divergence on the RSI and OBV, as well as the crossover on the stoch, I'm inclined to lean toward a break upwards. If we see an increase in volume, expect a breakout shortly after. To be safe, I would wait for...

workin2005

Zooming out to the 4 hour, we can see the market showing mixed signals. There's a possible bear flag forming along with bearish divergence on the OBV and RSI. We also see the volume decreasing as becomes obvious on lower time frames. That said, we have a clear channel outlining an uptrend. We're on wave 3 of that uptrend which is usually the strongest of the the 5...

workin2005

After a long ABCDE correction, Stellar is reaching the charted wedge's apex. I expect an impulse wave up in the next day or so, assuming Bitcoin continues up-trending. If Bitcoin begins to downtrend, Stellar will most likely follow. Right now, I'm very bullish. If you're interested in Stellar, this might be your last chance to buy before it breaks out. Always...

workin2005

Bitcoin is looking VERY healthy. I believe we're currently on sub-wave 3 of a larger third wave. There's a critical resistance at $11,785. Bitcoin 3.29% will need to break this decisively if it is to continue as charted. Right now, the volume looks strong enough to breach this resistance. Should it get rejected, expect a drop below $11K. I've started to latter in...

workin2005

Zooming out to the 4 hour chart, we can see ICON is on wave 2. It's currently just reaching the .65 fib level, also known as "the golden pocket". The RSI is starting to breach 30 (oversold) on most timeframes. Volume is still very low. I expect to see volume start to increase as the RSI gets more oversold. Once this happens, expect to see a bounce. If volume...

workin2005

Bitcoin is looking VERY healthy. I believe we're currently on sub-wave 3 of a larger third wave. I've charted an even smaller sub-wave in purple for those interested. There's a critical resistance at $11,785. Bitcoin will need to break this decisively if it is to continue as charted. Right now, the volume looks strong enough to breach this resistance. Should it...

workin2005

Mixed signals on Ripple. OBV and RSI showing bullish divergence. Stoch crossing over, showing bearish signs. Chart showing possible bear flag. The volume is spiking. This is honestly a tough call. I'm neutral on Ripple as of now. Waiting on confirmation of an up or down trend. Conformation will come when Ripple breaks the resistance OR support area of the charted...

workin2005

Mixed signals on Ripple. OBV and RSI showing bullish divergence. Stoch crossing over, showing bearish signs. Chart showing possible bear flag. The volume is spiking. This is honestly a tough call. I'm neutral on Ripple as of now. Waiting on confirmation of an up or down trend. Conformation will come when Ripple breaks the resistance OR support area of the charted...

workin2005

Bitcoin looking very bullish.

workin2005

Breaking down the big picture into the sub-waves, I believe we're on sub-wave 3 of a larger 3rd wave. Zooming out further, I believe we're on wave 5...but I digress. There's multiple resistance areas Bitcoin will need to break through. If volume remains high, it should have the momentum. If not, we could see a correction back to at least 10K. So far, it's looking...

workin2005

Bullish

workin2005

In ABC correction. This was needed. I'm bullish . Count as charted.

workin2005

Big Picture, I believe Bitcoin is working on wave 5. I've charted the sub-waves as I see them so far. Currently it looks like we're beginning wave C of an ABC correction (A.K.A wave 2 of the sub-wave within primary wave 5). As long as volume remains healthy AND we can penetrate the strong resistance point around $10,850, Bitcoin may be on it's way to $13,600 in...

workin2005

Big Picture, I believe Bitcoin is working on wave 5. I've charted the sub-waves as I see them so far. Currently it looks like we're beginning wave C of an ABC correction (AKA wave 2 of the sub-wave within primary wave 5). As long as volume remains healthy AND we can penetrate the strong resistance point around $10,850, Bitcoin may be on it's way to $13,600 in the...

workin2005

Currently bouncing off the .618 fib. Assuming this count is correct, we might see another slight dip into the .65 fib level (golden pocket), followed by a nice bounce to start wave 5.