Hello Elite Traders Welcome to a Bitcoin update. We are still in range and are CURRENTLY holding the 9k low for this correction while a lot of people are expecting lower pricing. If this low holds This bull count for 1 more wave to complete a 5 is VERY possible. Taking some fib measurements like from the 1 to 2 gives use a 3 wave at the 6.618 target. The...
Just a standard 3-3-5, nothing to see here.
A fun projection made by waves and geometry. The support for the A wave comes from the .887, median lines, and Moving Averages. First B target comes from the .5 fib of the 20k high in Dec 2017 to projected low around 2,500. ------------------------------------------------------------ (View related ideas for a more detailed count) Thanks for any feedback!
Hello all! Using the market geometry with pitchforks and combining the wave principles from the Elliot handbook I was able to forecast a possible scenario for the situation in the bitcoin space. The largest pitchfork is a Schiff style, ranging from the '13 top to '15 low to 20k peek and puts a median line that interacts with the 3rd of the largest 3rd and the...
Hey Traders, We're finally starting to get some movement in the market, and it happens to be down. The anticipation of a bull break was always out of the question and now we are looking for targets to satisfy and end this bear market. 3K seems to be the perfect price, it not only has major fib confluence , but market and price confluence there as well. I...
Whats up guys, Got some juice for you guys today . ESV stock for an off shore drilling company based in London that has seen highs of over 80$ currently 6$ . I will post picture of the target bottom being hit and now we are seeing a clear motive wave coming off the bottom. Its currently searching for the bottom of the supposed wave 2 . Then to higher highs....
Hi Traders, I was digging around in the crash back in 2014 and drew a time fib from the first impulse to the ATH at 1,5k and saw it matched up perfectly to the last ATH of 20k . Each 1 step on the fib is 750 Days with each .5 step being 375 days. From my previous idea we found the true bottom of bitcoin at around 2,700 - 3k which is our Z in this case , I found...
Whats up guys, I think we are all rapped up in looking at the smaller picture here. We are clearly entering a new state for bitcoin and i think the answer is obvious. What comes up must come down and i think we will see a continuation of downside for bitcoin for an extended period of time. Completing our 5th wave extension to 20k put us in a "peek area" for...
Hey Traders, Everyone is confused as f^ck with the bitcoin situation, including me, and here I have laid out a possible scenario for this next move. One thing is clear is we are in a clear downtrend and fighting the 20k ,18k down trend line. We can draw a Inverse H&S on this downtrend line and IF bitcoin is able to complete the formation we could see upside to...
Whats up traders, Today we're looking at PIVX , a privacy coin currently ranked 55 on coin market cap. I think this coin has a huge potential for upside in the coming future. On the chart we can see a massive tightening of price in this wedge while also forming a inverse H&S patter. We are currently out of trend but I do see this failing and coming back into...
Whats up traders, Coming to that time of the year again where we see a monster rally in bitcoin. Coming into wave 3 we should see the strongest climb bitcoin has ever seen. IF we successfully get a bounce on the 236 fib we will be starting on wave 3 of this cycle. 9,600-9200 is that magic number. If by any chance we break those levels those levels I will not be...
Whats up traders, An updated chart on my previous idea . We seen an good run in bitcoin from the bottom and breaking the longterm uptrend line. The volume for the breakout was not great and we saw bearish divergence on multiple indicators which led to this crash. I don't think this crash is nearly over and we have some way to the bottom. I labelled the bottom...
Whats up Traders, Ive been calling for a down of bitcoin for a couple of days now and I think we are starting to see it happen. We did break above the longterm downtrend line with low volume and with multiple indicators giving us divergence that led to a down. I believe this is the end of wave one and we should see a continued sell of for the coming days . My...
Hey Traders, We seen a decent size rally up from the bottom so far and now is the time for a correction, looking at the 4 hour RSI we have been over bought for a couple of days and now we are seeing a down. Ever time Bitcoin has pierced the 70 on the RSI we seen a massive down move to follow. This brought me to the cup and handle pattern which I drew out here....
A quick little update for OST , Early this morning we got news of OST partnering with Unsplash, a company that is a free photo library with a Huge community. This pumped up the price a bit a to 3500 sat, and volume is increasing from 70 btc/24 hours to 300btc. To add the squeeze has been firing for the last day or two, and ive come to trust the squeeze....
Whats up guys, Things are looking good for bitcoin, we broke out of the short term down trend line and now we are having a bit of a correction following. Now we have a confirmed bounce on the down trend line AND the resistance level back in mid november that signifies strength and continuation of this up trend. Next test is 10,500 and if we can break that i...
Whats good, We have a PIVOTAL moment coming up for bitcoin, either we fail and test the lows or we break out of the MID term downtrend line and move toward 10,300. With the LITTLE VOLUME and everything TIGHTENING UP we can expect this to be a big one. Be safe and set your stops