WickHunter

WickHunter Updated 

Hello Traders, Its been over 1 year since I published my last XRP chart which turned out to be correct and quite accurate, a link to that chart is below. Looking at XRP now though we can see that the price has retraced a massive -96% over 798 days. That is one hell of a brutal retrace, XRP has been a lot weaker compared to Bitcoin. Price has bottomed with a...

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Hello Traders, Welcome to my OXT Orchid Protocol chart and trade idea. Firstly I want to say that I like technology but am not a "hard core" techy that can code or has any experience in encryption etc etc so from a technical perspective I know what OXT claims it can do but I dont know if this tech is actually any good or not. If you ARE a techy please leave a...

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Hello Traders, Hong Kong is going through some troubling times right now. To summarize very briefly, Hong Kong has been its own entity for some time with its own legal systems, boarders and rights but due to legal agreements China wants to take back Hong Kong as part of China. This is a crude summary of events. This is causing friction between Hong Kong and...

WickHunter Updated 

Hello Traders, Looking at the chart for Bitcoin we can see price fell out of that large triangle formation and hit the 0.854 retrace with a wick. The price has rallied 90% so far from the low and is in a rising wedge formation. The daily 100 and 200 ma's are converging right on the bottom trend line of that triangle, which is now acting as resistance. I have...

WickHunter Updated 

Hello Traders, Looking at the chart for Hastings Group Holdings PLC HSTG we can see price has retraced to the 0.786 fib in log scale. That's quite a deep retracement but price is holding that level. Depending on how you want to draw trendlines here price could either look to be in some kind of descending triangle or a descending wedge. There is a decent bit of...

WickHunter Updated 

Hello Traders, Looking at the chart for Inland Homes PLC we can see a nice set of Elliot waves and price looks to be somewhere in the middle of a wave 5. A rising wedge has formed with bearish divergence on the weekly RSI so we could see a small pullback here into the green box before a move up. I have used the fib extension tool from wave 1 to give a set of...

WickHunter Updated 

Hello Traders, Looking at the chart for Elementis PLC ELM we can see a nice set of Elliot waves. Price looks to have completed an ABC retrace to the 0.618 fib level in log scale. The bottom of that wave 4 coincides with the monthly 200 MA which it has bounced off. Price looks set to complete a wave 5 here. I have put a target area of 686 which is a 1 to 1...

WickHunter Updated 

Hello Traders, This is the weekly view of my monthly chart. Check Related Ideas below. I want to share my view on the S&P 500 Index. I have shown the monthly chart which goes back to the start of the S&P Index as far as I know. From here I have used Elliot Wave theory to mark primary wave 1/2 around the 1930's crash. After the Great Depression to "stimulate"...

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Hello Traders, I am looking at Tesla just from a TA chart perspective here. As you can see price is inside a broadening ascending wedge. Price was caught by the monthly 100 MA at the bottom of my wave 4. I am expecting resistance in the area marked with a possible fake out / throw over. The bearish divergence on the monthly RSI doesn't look great.

WickHunter Updated 

Hello Traders, Looking at the chart we can see price has been in a well defined channel for the last 10 years. It has taken that long for the price to crawl back up to the previous 2007 top and I mean crawl. From an Elliot Wave perspective these are some unhealthy looking waves with deep retracements each time basically invalidating the EW principle. Either way,...

WickHunter Updated 

Hello Traders, Quite a simple chart really. I've seen others around but thought I would do my own. Anybody familiar with Elliot Wave Theory will know this simple principle of how markets move. Anybody who has not read the book you will find this information on page 1-2. This is a textbook 5 impulse waves up to complete main cycle wave 1. Now we are in an ABC...

WickHunter Updated 

Hello Traders, The unusual amount of margin longs open combined with that symmetrical triangle break looks like we could see a long squeeze.

WickHunter Updated 

Hello Traders, Here is my view on the S&P 500 Index. I have shown the monthly chart which goes back to the start of the S&P Index as far as I know. From here I have used Elliot Wave theory to mark primary wave 1/2 around the 1930's crash. After the Great Depression to "stimulate" the economy the government first cut dollar ties to gold. Then in 1971 the dollar...

WickHunter Updated 

Hello Traders, Ethereum looks bearish AF here. A big H + S pattern has formed with a bit of complexity around the right shoulder. Price has breached the neckline which now looks to be acting as resistance. Even if you don't think this is a H + S, that neckline or major support/resistance line has been broken and price is being rejected to the upside. The price...

WickHunter Updated 

Hello Traders, I have been watching Litecoin for a while now. You might have seen my previous 2 Litecoin charts which have been monitoring the retrace (below). From what I am seeing in the chart It would seem LTC has finished its retrace and from here I am expecting sideways price action and then a bull run forming to complete wave 5 of its main cycle. Litecoin...

WickHunter Updated 

Hello Traders, In the book of Elliot Wave Theory there is a section on Elliot Wave Triangles with several examples of bullish and bearish triangle formations. Bullish triangle formations are identified by the price impulsing into the triangle and then breaking to the upside, like the example in this chart. Bearish triangle formations are identified by the price...

WickHunter Updated 

Hello Traders, There has been a lot of talk about the precious metals recently (Gold / Silver) with many different reasons for the resurgent interest in precious metals ranging from the classic "store of value" to "finite resource" to "growing lack of trust in fiat currencies". From a Fundamental Analysis point of view I don't really know anything about Silver...

WickHunter Updated 

Hello Traders, This H+S has been staring me in the face for the last 10 days already so its time I made a chart about it. As you can see, price since $13900 has been in a corrective wave pattern. That 3rd lower high at $12274 has dropped the price to the neckline of this H+S monster. I was expecting a bounce on the daily 100 MA to around the $10800 - $11000...