I did an Elliot Wave backtrace and found we're on Wave C of our ABC Correction, which might explain we didn't pump that hard coming out of a falling wedge. Any comments or tips?
After a fake-out due to BTC dipping to lower support levels, ENG finally took off. The measured move from this traingle takes us to right between the 2.618 and 3 fibonacci lines. We do have a potential to go beyond that to 70-80K, but that would mean we have to accelerate again. During the last bull-run the chart showed price suppression by someone very big and...
Let me preface this with saying that I disagree with Ripp... Ah what the hell, you guys only care about money in your pockets. Spotted a falling wedge on XRP (I've been tracking it ever since I saw that juice TD9-13-9 perfected buy setup on the 4h chart) and I think it is ready to blow up on the next bounce of the support line. A measured move would put us...
Check back in 4-9 weeks for the next run.
ZCLBTC has had 2 bull runs and is setting up for its next wave. We have to account for 2 possibilities: 1. ZCL breaks out between 1-5 hours from now. 2. ZCL continues to correct to the trending support and makes a decision to either drop to lower support levels or it bounces and starts the next bullrun. The reason I see a possibility for a breakout in the next...
We have a busted head and shoulders. Price is about to test the shoulder which will confirm a short-term bullish reversal of the downtrending resistance (upper yellow line). I expect the shoulder retest to fail, because by the time we will be around that height, we will have a bearish hidden divergence on the RSI. the TD1 here is supposed to be a TD9 buy setup...
Enigma has had an amazing bull-run the past few days, but is seemingly running out of momentum. The price is forming a rising wedge while nearing the top of our pitchfork-trend. RSI is also telling us that the higher high has been made on lower momentum, indicating a short-term reversal. Shortterm traders might look to place a stop-loss, but I'm holding enigma...