Trader6127

Trader6127 Updated 

Price action map. GLWT y'all!

Trader6127 Updated 

Ethereum Classic! Based on the chart, it looks like we are in the process of an A – E correction (i.e., wave 2). We touched the 0.382 fibo so I think we are bound to float sideways for a while (until April 2018!!!). But there are plenty of opportunities along the way unfolding along several months. Currently we are on the way from correction point A to B with a...

Trader6127 Updated 

Data shows the following two scenarios are possible. Watch for RSI divergence and double bottoms. You will want "higher low" formations, then I would buy. We could see a further drop to complete correction wave A, or this might finally be the beginning of correction wave B. Pay attention more to the charts, not the news. Markets are the democratic expression of investors.

Trader6127 Updated 

Some have been asked me to analyze NEO as if I held any substantial amount of the asset. Here is how I would play the correction: Firstly, after touching a key fibo level, I would short the market at $41 - $43 as a primary profit taking point (DONE). I would then decide to short (OR NOT) the rest of my position at the secondary profit taking point (UPCOMING). The...

Trader6127 Updated 

Long term I am very bullish on ZCash, but after it blew past the min fib level it was time to let go on the way back up. I will reevaluate in October in prep for wave 3!!! Meanwhile we can open short trades soon.

Trader6127 Updated 

BCH has been consolidating for some time now! Based on the gains it made in the Aug 17th to 19th run, I think this consolidation will last a while. Much longer than last time. My guess is somewhere between Sept 11-18th we will need to peek for takeoff to challenge the ATH. There are also some interesting dynamics going on between BCH and BTC in terms of rotation,...

Trader6127 Updated 

We are moving through what appears to be a correction wave B which will likely trade within $4800 - $4900. BTC will then trade sideways through to wave E, allowing many alts to perform similarly or better. I should note that Wave E may see us testing the breakout level once again as the data supports this possibility rather than forming a triangle and moving up as...

Trader6127 Updated 

Careful could be double top...look for continuation patterns/pullbacks and be mindful of the RSI. Volume would lock in gains.

Trader6127 Updated 

It appears OMG is in a correction wave B. We should expect to return to the $12 level, where profit taking is likely to occur. The performance of this asset is recognized, and Wave B may continue without further sideways trading. The data does not support this pattern, and we are likely to see wave C, D, and E. I am very bullish on this coin, as it appears we are...

Trader6127 Updated 

After studying the Bitstamp data, the following pattern can be deduced. I have now shorted this market. I will review the data once again if we break resistance or reach correction wave-E.

Trader6127 Updated 

Solid breakout here, and looks like we are forming a mini inverse head and shoulders to go higher! This will push up altcoins as well... big thumps up!

Trader6127 Updated 

Ripple looks set for an upcoming wave 3, and the setup allows us to enter this trade from a few different angles: You can wait for the breakout or catch the bottom of this current consolidation. I’m looking to fetch some at around the 0.5 fibo which is acting as support. The breakout confirmation would be above the 0.618 fibo or around 0.235. You’ll want to look...