traderview2

traderview2

Since 2016, XRPBTC has printed a falling wedge pattern before every major break to the upside. Also, the wedges have risen up on the chart from the first to the current fourth wedge XRP is in. This is very interesting. On the RSI , I have drown the trend lines that make up the pennant formation XRP has been creating the last 28 months. XRP has really made some...

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This green fractal was taken from the bottoming pattern in 2015. The scale is the same, it was simply copied and dragged to now. As shown, it uses the $4,180 resistance level, also the top trend line of the current ascending triangle we are in. Once broken through, it tests it as support and goes on to fill the liquidity void from $4,180 to $5,500. This also...

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ETHUSD LONGS have made new highs the past week. As shown in the chart, the last time ETHUSD longs hit a high, they crashed shortly after, pushing the price of Ethereum from $300 to $1500. As shown in the green boxes, we have the same type of movement when compared to previous months of the 17'-18' bull run. I do not expect us to see movement like we did...

traderview2 Updated 

XRP has been in a large symmetrical triangle/pennant for around 210 days now. It is hard to tell whether we will break to the upside or the downside. There is not much to analyze. My intuition says break to the upside. Everything is timing, Why would Fidelity launch their Institutional platform right before the market was about to shoot down?

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ETHUSD is showing signs of an upcoming rally. As shown, we have a textbook Adam & Eve Pattern that will break out at the neckline. In addition, ETHUSD has printed a Cup & Handle pattern. The RSI has held its bottom trend line for almost three months now, it seems we might get pushed to overbought areas which is when the price makes the biggest moves....

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Unemployment Rates have hit the lowest value since 1970. Each time the UnRATE has reached a bottom and bounced up, we have experienced a stock market decline, in some cases a recession. This also lines up with 7-10 years economic cycles. We are on our tenth year since our last stock market correction. What seems very interesting is the fact that Crypto looks to...

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BTCUSD shorts have now been approaching a large support zone that has been held for the past year. If this level fails to hold we could see a large rally. The price of BTCUSD went from 5k to 20k while the shorts were under this current support line. As seen in the past, a drop from this level has pushed the price of BTCUSD upwards. The fundamentals on BTCUSD...

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This chart is a comparison from the correction in 13'-15' to the current correction of 17'-19'. The entire blue area is the 50 Day Exponential Moving Average. In the 13'-15' correction we poked over the 50 Day 3 times before breaking into a bull trend. In our current correction, we have poked over the 50 Day 3 times now. In the past correction, the bear market...

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LTCUSD looks to be testing the 200 Day EMA for the first time in 291 days. Given that LTCUSD has been on a 50% bull run with little to no retracement makes me believe we might see a rejection, with a small correction following. Elliot wave is showing that we are completing our 5th way on a 1 day chart. I have also shown a bearish divergence forming, which...

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BTCUSD is showing a very large Adam & Eve pattern (purple). The pattern tends to produce a close-to 100% retracement. We have also crossed over the 50 day EMA which has not been done since August of 2018. $4,200 ranges look to be a very large resistance at the neckline. The RSI has crossed above the top overbought line, Which can be bullish if we stay above...

traderview2 Updated 

As shown in the chart it looks as if the last BTCUSD correction formed a pennant after it hit its bottom, we are now seeing the same pattern print. In 2015, we had 2 rejections on the 50 day EMA. We now have 3 rejections with the last one being a consolidation that we are currently in. In 2015, we had dropped around 50% to our bottom, if the bottom is in, we...

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Ethereum has broken out of a 40 day falling wedge. The Stoch RSI has been riding the bottom looking for a move up... We also have a bullish pennant forming. As shown in the Regular RSI we have a bullish divergence with the RSI printing lower lows as Ethereum's price action has been showing higher lows. I believe Cryptocurrencies have been making new highs...

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AS seen in the chart we have a large divergence with the price of BTC vs the shorts of BTC (Shown with Blue Fractals). The last divergence resulted in a large dump. Longs have had a small run with the price not moving up very much. Longs have been on a cycle of an uptrend then a dump thereafter, also resulting in a dump of the price of BTC (shown with green...

traderview2

I believe the NDX is going to have another sell off. The stock market is going to have a correction within the next two years, In My Opinion. With the interest rates staying the same for this quarter, theres a good possibility to have some more retail money push us higher.

traderview2

The market is giving many mixed signals but here is my view on BITSTAMP:LTCUSD . BITSTAMP:LTCUSD always seems to foreshadow BITSTAMP:BTCUSD movements. I have a bearish view of this market right now, but I honestly cant give you my definite view. This has been a no trade zone.

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Before the last dump we had a similar fractal pattern that we are now experiencing. There has been a large amount of decreasing volume as well since the initial downtrend. I believe we will be breaking down soon.

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As you can see in the charts there has not been much bullish confluence since the first dump.

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I know not all Elliot Wave patterns are correct , i just put them in there to show each wave throughout the formation. It's a very similar situation. BITTREX:LTCUSDT seems to make moves as the rest market follows the following day or hours.