the_batman

the_batman

UPDATE (10/23): We're currently in the final thrusts of the wave. Based on most recent sub-wave counts and some educated guessing, looks like the bottom will be $340-350. Could be as low as $330~. Praise be to the wave! (If you didn't know, we're in the corrective phase of the massive wave that brought us here from $620~.) The following chart lays out my...

the_batman

Based on the on the one true god, the Elliot wave. ALL HAIL! Lot went into this chart. I've removed most of it because it would be an entirely unreadable mess. I've simplified it for the noob trader. Note: my time targets are a little fuzzy but close enough. EDIT: I think they may be off by a factor of days. Just pad em with a day or two and youll begood.

the_batman

UPDATE: Pattern failure. Looks like market is currently in a wave 4, about to enter wave5. Alternative explanation would be bull pennant with a $10~ target. Good luck! The chart shows a butterfly pattern (purple), indicating a possible reversal. The pattern indicates the testing/re-testing of a critical support/resistance level. In this case, it's hitting against...

the_batman

As of late, there's been some kind of consolidation pattern on the bitcoin chart. It looks like a lot of things (descending diagonal, triangle, descending triangle, measured move) but simultaneously doesn't quite "feel" like its any of them. The only thing that's for sure is that it's a consolidation formation (note the descending volume pattern). I offer one...

the_batman

(NOTE: I've elaborated and clarified in this post: ) As of late, there's been some kind of consolidation pattern on the bitcoin chart. It looks like a lot of things (descending diagonal, triangle, descending triangle, measured move) but simultaneously doesn't quite "feel" like its any of them. The only thing that's for sure is that it's a consolidation formation...

the_batman

The market has been moving towards it's short/medium term resistance levels. Recent volume and price action suggest that these resistance levels may be broken. Such would mean a sharp trend up toward the next major resistance level of $400. It's also entirely possible that these resistance levels will NOT be broken. For those of you that are newish traders:...