BITCOIN: That jump of yesterday has been good but…

…obviously still not sufficient.
Frankly, I have doubts about if yesterday’s rise can be ascribed in any Elliot-wave count actually…but it can, of course…
First Option: EXTENDED FIRST WAVE
Let’s say that BITCOIN has traced an EXTENDED FIRST WAVE.
In this case, the first wave is the longest wave in 5-wave cycle upwards, it is completed and now is tracing the second wave, a corrective one.
We know that, in EW terms, under this scenario, the third wave cannot be longer than the first but neither can be the shortest wave. And so, the 5th and last wave upwards MUST be the

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BITCOIN: That jump of yesterday has been good but…

…obviously still not sufficient.

Frankly, I have doubts about if yesterday’s rise can be ascribed in any Elliot-wave count actually…but it can, of course…

First Option: EXTENDED FIRST WAVE

Let’s say that BITCOIN has traced an EXTENDED FIRST WAVE.

In this case, the first wave is the longest wave in 5-wave cycle upwards, it is completed and now is tracing the second wave, a corrective one.

We know that, in EW terms, under this scenario, the third wave cannot be longer than the first but neither can be the shortest wave. And so, the 5th and last wave upwards MUST be the

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BITCOIN

On 4hr chart, possible consolidation till test the support of the previous triangle bottom. Possible staircase pattern 1st leg, pushing for 3700 resistance then the big channel top resistance around 3900.
News: (Current) | (Upcoming)
Short term moving average (day candle) :
RSI :
Network Value to Transactions Ratio : 130
Total marketcap : 121
Dominance : 53
Bitfinex Margin Long/Short Volume Ratio :
Depth Chart : (S) | (R)
Weekly Timeframe :

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Forex Price Action Baby, No Technicals or Fundamentals…Week In Review 2/9/19

For the week, I had no winners and went 0-4 on trades.

I’m looking primary for Rewards to Risks trades of 5 to 1, making it possible to lose 80% of my trades and still be possible.
Let me give you an example.
Forex Price Action Baby, No Technicals or Fundamentals…Trade #2 – Sold NZD/JPY (2/3/19)

I was stopped out literally by one pip, but the trade would of covered 75% of my losses.

So I believe the message this week is for me to be a bit more conservative with my stops.
The other thing I learned this week…knew, but lived because

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Forex Price Action Baby, No Technicals or Fundamentals…Week In Review 2/9/19

For the week, I had no winners and went 0-4 on trades.

I’m looking primary for Rewards to Risks trades of 5 to 1, making it possible to lose 80% of my trades and still be possible.

Let me give you an example.

Forex Price Action Baby, No Technicals or Fundamentals…Trade #2 – Sold NZD/JPY (2/3/19)

I was stopped out literally by one pip, but the trade would of covered 75% of my losses.

So I believe the message this week is for me to be a bit more conservative with my stops.

The other thing I learned this week…knew, but lived because

Read More

Forex Price Action Baby, No Technicals or Fundamentals…Week In Review 2/9/19

For the week, I had no winners and went 0-4 on trades.

I’m looking primary for Rewards to Risks trades of 5 to 1, making it possible to lose 80% of my trades and still be possible.

Let me give you an example.

Forex Price Action Baby, No Technicals or Fundamentals…Trade #2 – Sold NZD/JPY (2/3/19)

I was stopped out literally by one pip, but the trade would of covered 75% of my losses.

So I believe the message this week is for me to be a bit more conservative with my stops.

The other thing I learned this week…knew, but lived because

Read More

What Do We Know From the Chart? $BTC

It has been a grueling 12 months in cryptoland there is no doubt about that. From the top at the end of 2017, you can consistently see lower highs all the way down the chart below. IN FACT, there was NEVER a time that that a higher low even presented itself to me that was “Worth” buying…until now.

After price was pressed down against the 5800 level multiple times, it was only time until it broke. Now that the puke has happened it is then over the past month or so that we should be “watching”. I know you are wondering

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What Do We Know From the Chart? $BTC

It has been a grueling 12 months in cryptoland there is no doubt about that. From the top at the end of 2017, you can consistently see lower highs all the way down the chart below. IN FACT, there was NEVER a time that that a higher low even presented itself to me that was “Worth” buying…until now.

After price was pressed down against the 5800 level multiple times, it was only time until it broke. Now that the puke has happened it is then over the past month or so that we should be “watching”. I know you are wondering

Read More

Crypto Contest February 9: HyperCash

HyperCash (Binance: HCBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, HyperCash began a wave one advance on December 8, 2018. The red wave one finished on December 18, 2018, and the red wave two correction ended on December 25, 2018. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 12 this year, and the red wave four (blue sub-waves a-b-c) correction ended on February 1. If this wave count is correct, HyperCash should be heading next towards the January 12 peak in the red

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Crypto Contest February 9: HyperCash

HyperCash (Binance: HCBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, HyperCash began a wave one advance on December 8, 2018. The red wave one finished on December 18, 2018, and the red wave two correction ended on December 25, 2018. The red wave three (blue sub-waves i-ii-iii-iv-v) advance finished on January 12 this year, and the red wave four (blue sub-waves a-b-c) correction ended on February 1. If this wave count is correct, HyperCash should be heading next towards the January 12 peak in the red

Read More

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