So, Im hoping that this is the position we are in now. Completing the C leg of the correction of a wave 4. The 3rd and 4th leg of the super cycle make a perfect Elliot wave... its a thing of beauty. The C leg has hit the 0.618 of the A leg and could go on from here but if it makes an equal measured move then around 42k we would hope to see the start of a wave...
Okay, so it looks like an ascending wedge with the potential for a break down. If the previous support at 8600ish is breached then I think the next support zone is around this rectangle. I have already filled my bags on the way down so Im just watching to see if this plays out. Have a cheeky order at around $6300 if it all goes to hell!!! have fun
So clearly on the 1 hr chart an inverted H&S has formed. I believe this is the case with quite a few alts at the moment however I already have skin in the game here, so fingers crossed for a text book play out! Happy trading
So, BTC has formed a Inverted H&S. We have a hidden bullish divergence on the MACD. 200EMA has just been tested and found support. This could play out nicely for a 5-7% long. Plenty of overhead resistance, but I would like to see if this plays out. It looks to me that this has come after an Elliot wave and and ABC. Fingers crossed that maybe we have found the...
Well after a manic few days we have bounced of the 6000sats support (for now) The 4hr chart shows an Intersting divergence on the RSI and MACD and if it plays out correctly will give us another push to the upside ... Im not trading this ( coz im still HODLing ) but, lets hope this continues yesterday strong bounce!! Good Luck
looking Bullish on Fuel, look for a good buy in around 00001790 - 00001825 !st Target 00002294 32% 2nd Target 00002533 46% 3rd Target 00002873 66% 4th Target 00003307 90% Stop @ 00001730
Bought DNT off established resistance at 00001424 1st Target 00001815 28% 2nd Target 00001934 36% 3rd Target 00002276 60% Stop Loss 00001399
After posting the 24hr tightening wedge chart, this 1hr chart may show us the outcome and give us some positive news... More volume please!!!
I may be wrong, but the look of this new trend line has me wondering. It would seem to me that in the next 24 hours we may have some definitive movement. Need some volume and some Bulls. Any thoughts?
Its really just so I can back analyse this .. double bottom with buy , sell and stop loss zone.
So it looks like the Fib is bang on point.... But which way??? Bull I hope
So Im thinking that XRP has finally crossed the cloud and bounced of the edge, the wedge narrows and RSI is low so hopefully we could start to see the beginnings of a breakout.
TK cross.... Im thinking this may not be a good sign!! Thoughts??