Teklologist

Teklologist Updated 

Published the wrong chart that didn’t properly depict accumulation in previous idea. This chart shows accumulation as a pennant. BYND might have completed a long-term accumulation phase depicted by the blue pennant and finished an EW wave 1 of some lesser degree. I’ve based the Fib levels on the possible wave 1. If valid, price will target $270.

Teklologist Updated 

Sell SPXL or buy SPXS based on Wyckoff distribution with UTAD that began at white vertical dotted line. Given the drop in March, I don’t think we’ll see a new low. However, I suspect price will drop to between $29-$23.

Teklologist

This is not a prediction. However, if you’re not an avid crypto trader then you may not be familiar with this pattern that can leave you feeling helpless when it catches you off guard. The pattern is named after who it resembles: Bart Simpson. With a little imagination, you can see Bart in his blue shorts and red shirt bending over to say “eat my shorts”. The...

Teklologist

I mean COME ON.

Teklologist

Can assume non-existent price data to fit patterns to current prices? If so, can we reduce our risk when we do it? Here’s one such possibility of fitting a pattern to Uber’s price based on a hypothetical ABC correction starting at about $82. I’ve aligned the pattern to the hypothetical wave C. If true, then we should buy Uber between 29.94 and 26.17. This model...

Teklologist

Use this chart to compliment your own trading strategy for XRPUSD. The parallel fib channel appears valid based on price and indicators.

Teklologist Updated 

Based on various timeframes, but the chart says it all. Sell some at about each of .32, .34, and .37 targets. Price should retrace for a buy at about .27. Donate donate donate! Or use the referral below. www.tradingview.com

Teklologist Updated 

Leading diagonal ended and price is correcting in a wedge. The wedge’s bottom trend line is speculative because we do not yet have another price point to establish a valid trend. However, if you’re familiar with Wyckoff, then you may make out the distribution phase pattern that began at end point of white line (at fib level 1). Also, notice the nearby price gap....

Teklologist

An alien who abducted me during 2016’s US election cycle taught me this one trick to get rich quick in 2020. Then he probed me.

Teklologist

Leading diagonal up ended and price is correcting in a descending broadening wedge pattern. Should touch bottom line before continuing an uptrend. Also, notice that there has yet to be a significant spike in sell volume.

Teklologist Updated 

Please like and follow to show support if this chart provides you with any benefit. Also, you can donate only BTC to the trading account linked to in my profile. The fib levels and vertical lines bound an EW leading diagonal wave 1. I did not depict the EW count, but it has 5 lesser waves each of an ABC structure. Based on that wave, I’ve used fib to forecast...

Teklologist Updated 

Since XRP’s rally in Dec 2017, white vertical line indicates that rally’s start, XRP has undergone a massive Wyckoff distribution, red lines used to indicate the typical distribution pattern, and it has undergone Wyckoff accumulation, as similarly indicated by green lines. No price target. Historically, alt coin rallies are short lived and intense rallies. A...

Teklologist Updated 

A subwave 2 of a Wave 3 has possibly finished. Use fib levels to forecast buy and sell targets. For example, based on EW, fib levels, and Wave 1’s length, a safe sell target should be at 2.236 level followed by buy target at 1.618 level after a retracement. (Edited above to change “subwave 1’s length” to “Wave 1’s length”). Check out my linked idea to see the...

Teklologist Updated 

XRPUSD continues to lag in price gains against other altcoins. Nevertheless, the rally is coming. If the depicted parallel channel holds, then expect for price to reach a new all-time high. Fib levels are based on what I assess to be a wave 1 of an unknown degree.

Teklologist Updated 

Originally published this idea in April 2019, see below. Publishing again for its relevance and my nostalgia.

Teklologist Updated 

Wave 1 is a leading diagonal with subwave 3 reaching less than 1.618x subwave 1. Subwave 5 approximately equals sum of subwaves 1 and 2. Use left-side fibs for subwave lengths that are based on 16 March start price $.14108 and subwave 1 price. Wave 2 is a WXY correction ending at about .618 of Wave 1. Use right-side fibs that are based on start price and subwave...

Teklologist Updated 

Falling wedge has completed and has likely confirmed. I’ve associated both a WXY correction pattern and a Wyckoff Distribution phase to the wedge. The WXY comprises three ABC patterns. The Distribution starts at W and ends at Y. The dotted vertical lines act as WXY and ABC markers. The horizontal dotted lines correspond to key points in a Distribution phase...

Teklologist Updated 

Looks like an accumulation is underway. Price could jump to $.20. No set rebuy price target on the retrace but it could dip below $.18 or only insignificantly. XRPUSD has been under a lot of perceived sell pressure. That pressure could in fact be heavy whale accumulation. If you think so, then don’t expect much retrace.