Elliot618

Elliot618

Ive been calling for BAT to go down for a long time now with my previous posts, so far its exactly what it's done. And its only looking more bearish to me. Now I will try and look at it from a bigger picture. The current momentum from X wave on way down seems to me as a 5 wave Impulse (will be confirmed once we see the final wave 5 head lower towards the 11c...

Elliot618

Following geometry and symmetry on this one and overall structure looks corrective. Still expecting lower prices and retest of below support zones. Purple is the primary count because its more in line with my BTC analysis, green is secondary count. Not a financial advice, just my analysis.

Elliot618

My previous count is still in the play, but with update now on the symmetry of the corrective move, expecting a bounce form .786 and then the wave C down, yes even now im still expecting much lower prices. It always helps to take a birds eye view of this coin and look for simplicity in the larger moves. If you're aware of what it's doing in the large picture you...

Elliot618

Last Large ABC correction down, and 5500 region has very a good reason for a tap of the major trend line and the .786 fib. This chart I made purely on geometrical symmetry where the Elliot and fib seem to align in harmony. This is my more bearish count. Possible we could still bottom out at 6200-6500 as i stated before. But having more options on the table and...

Elliot618

Well more precisely i think 6200-6500 range, but we could be done! What is the point of the correction? A correction is supposed to beat you down, and make you give up. Then when all hope is gone, price moves up. First off the fear and greed index is at extreme fear levels, the rsi is resting at major support on larger time frames. We retested major support...

Elliot618

So far, my last BTC analysis is playing out nicely. Here is the update, from what i can see we are likely in completion of the wave 3 on the wave down. This should be followed by a wave 4 that can have a healthy upwards retracement - before the final wave 5 down. Wave 4 sometimes can end up forming a triangle, or a simple abc up. Lets see what plays out. Keep in...

Elliot618

BTC Elliot Wave Count. Looking for a good retracement for wave 2, minimum to about .618 or lower prior to starting the move up for wave 3. Not a financial advice, just my analysis. Best of luck!

Elliot618

If BTC is truly starting the uptrend after the recent correction, BNB looks like it might have completed the correction, and the following wave 1 of the larger wave (3). Which would mean it is due for a requisite correction (an ABC down likely to .618 fib or lower). After which we can expect a steady climb up towards new all time highs in 2020. This is my...

Elliot618

Its no secret that BCH follow BTC price movement. This week Bitcoin Cash had a violent move up, while BTC and other Alts stopped after last weeks HUGE bull move, Bitcoin Cash continued into early this week. I remember pulling up a chart and and all the coins being within a percent of previous day, and BCH was up 18-20% out of nowhere. Surely I counted the Elliot...

Elliot618

My Elliot Count of BNB So far we are still in a correction looking to complete the final wave 5. I used numbers instead of letters so that it is easier to understand for those not familiar with Elliot count. The waves seem to fall into place very neatly, the latest bullish momentum appears to be in 3 waves up, waves A and C both have 5 wave sub-counts. Since...

Elliot618

Elliot wave analysis of BAT/USD Its clear the recent small bull move up was in 3 waves, with a strong RSI bearish divergence on the daily. This means we are looking for 5 more waves down, likely to retest the height of previous bottom support around .13-.14 cents. I always liked this Alt, but its not ready for a bullrun just yet based on elliot count. Just my...

Elliot618

Looking at the clear trend its following very similar to LTC and ETH, the two channels leading up to a potential breakout. looking for volume increase for confirmation