BlogHide Resteemsstocks29 (35)in covid19 • 5 years agoWhat's Next for US Equities?Next week is going to be a critical week for US equities. We've seen some intense selling over the past few weeks with a vary sharp correction from the lows of Thursday night. Is this a…stocks29 (35)in bitcoin • 7 years agosteemCreated with Sketch.The bigger the top the bigger the drop. Did you lose money on Bitcoin recently? Then read this!The head and shoulders pattern that I warned about in has been crushing the price of Bitcoin. I'll be posting a detailed analysis soon. If you're interested in anticipating future moves, be sure…stocks29 (35)in bitcoin • 7 years agosteemCreated with Sketch.Will Bitcoin fall even lower?As I pointed out in my previous post , Bitcoin appears to have formed a head and shoulders pattern which may be signaling lower prices. Price seems to have pulled back to the neckline for…stocks29 (35)in bitcoin • 7 years agosteemCreated with Sketch.Ominous price pattern for BitcoinIt looks as though bitcoin is forming a head and shoulders pattern. The pattern will be confirmed if price breaks decisively below the neckline, perhaps somewhere in the $12,500 level. If this does…stocks29 (35)in bitcoin • 7 years agosteemCreated with Sketch.Bitcoin Elliott Wave Update - How long will this correction last?It looks as though we're about half-way through this correction, intermediate wave (4). We're currently working minor wave B. After it completes, minor wave C should take us somewhere between $4850…stocks29 (35)in bitcoin • 7 years agosteemCreated with Sketch.Bitcoin Elliott Wave Update - correction nearing completion?Given the recent developments we've seen in the price action I've adjusted the labelings to match the unfolding reality. The biggest change is that minor wave 4 was moved to the lows from…stocks29 (35)in bitcoin • 7 years agosteemCreated with Sketch.Bitcoin Elliott Wave Update - Will the rally continue?There are a few minor updates to the wave count with this update. The retracement yesterday overlapped minute wave [i] which means that the retracement must not have been minute wave [iv]. Given…stocks29 (35)in bitcoin • 7 years agosteemCreated with Sketch.Bitcoin Elliott Wave Update - More new highsNo changes in the elliott wave count. We continue to work minor wave 5 of intermediate wave (3) of primary wave [5] of cycle wave III. Based on a few measuring techniques, I'm anticipating that…stocks29 (35)in bitcoin • 7 years agosteemCreated with Sketch.Bitcoin Elliott Wave Update - Rally Rally RallyWe're currently working minor wave V of intermediate wave (3), which should carry prices to $7249 if wave (3) is to be at least 1.618% of wave (1). If you have any thoughts or questions about…stocks29 (35)in bitcoin • 7 years agosteemCreated with Sketch.Bitcoin Elliott Wave Update - Where are we?With the recent price action, the bullish and bearing interpretations look about equal in terms of probability. The bearish interpretation (pictured above) is that we've been working a minor…stocks29 (35)in bitcoin • 7 years agosteemCreated with Sketch.Bitcoin Elliott Wave Update - Intense selloff about to begin?It appears that subwaves of subminuette wave v began yesterday. These subwaves are micro waves [1] and [2] and submicro waves (1) and (2). It appears that subminuette wave v is subdividing as…stocks29 (35)in bitcoin • 7 years agosteemCreated with Sketch.Bitcoin Elliott Wave Update - Zeroing in on a target for the end of the correctionIt appears that subminuette wave iv may have completed and that we're ready to start subminuette wave v. As @vimukthi pointed out, it appears a head an shoulders continuation pattern is…resteemedheiditravels (73)in cryptocurrency • 7 years agoDecentralized Exchanges: The Future for Trading CryptosMost likely your very first experience purchasing bitcoin involved using a centralized exchange. If you can recall, I went into depth about a few of these exchanges in a recent video . Despite…stocks29 (35)in bitcoin • 7 years agosteemCreated with Sketch.Bitcoin Elliott Wave Update - Where will this correction end?Since it looks like we're entering the final movements on intermediate wave (2), I wanted to take a look and see where we might expect this wave to terminate so we can prepare for intermediate wave…stocks29 (35)in bitcoin • 7 years agosteemCreated with Sketch.Bitcoin Elliott Wave Update - The bear saunters onAs I mentioned in my previous post, the bearish count is still valid and is playing out as anticipated. At this point we've completed subminuette waves i and ii and appear to be near completion…stocks29 (35)in bitcoin • 7 years agosteemCreated with Sketch.Bitcoin Elliott Wave Update - StalledNo updates to the wave count at this point. Still monitoring the situation while anticipating the next selloff. If you have any thoughts or questions about this wave count or elliott wave in…stocks29 (35)in bitcoin • 7 years agosteemCreated with Sketch.Bitcoin Elliott Wave Update - Bearish count still validThe bearish wave count that I've been posting about is still valid. We came close to invalidating it yesterday, but never quite got there. Prices hit a high of $4122.70 but never reached $4125.99.…stocks29 (35)in bitcoin • 7 years agoBitcoin Elliott Wave Update - Is the correction over?Our minuette wave count was invalidated yesterday as prices broke through the September 16th highs which prompted a slight modification to the wave count. Instead of starting on minuette wave (v)…stocks29 (35)in bitcoin • 7 years agoBitcoin Elliott Wave Update - Next leg down has begunWe appear to have completed minuette wave (iv) last night and are beginning to work minuette wave (v) down. We've appear to have already completed subminuette wave i and are near completion of…stocks29 (35)in bitcoin • 7 years agoBitcoin Elliott Wave Update - Vicious snap-back rallyPrices rocketed higher off the $3000 level today. Within a few hours we had reached the $3700 dollar. They are struggling quite a bit at the $3800 level. The ultimate question: is this a bear…