elk16

elk16

not a prediction, just a possibility. measured move puts us in line with long term trend.

elk16

Zoomed in view of long term natty bottoms

elk16

By no means a pro, just an observation I found. Will NG repeat this pattern? If so, suggest bottom will be $1.30-1.50

elk16

Rising wedge will break down and price will finally be able to retest 4800 area. this price level was never retested during the parabolic move last December. I think that once this area is tested then BTC will consolidate before finally breaking this larger falling wedge to the upside for a major trend change.

elk16

I publish these for my own journal. I am very new to TA and may not use things how they are intended for. I am not claiming to be a professional, this is not investment advice. If you have similar or opposing ideas please feel free to share with me as I am open to positive criticism. Thank you. I see 2 possible scenarios here. #1 price continues to follow the...

elk16

I think we are in the bottoming process now. looking for RSI to bounce in the red circle. RSI has consistantly found support on the yellow trend lines the last 4 bounces, also creating higher lows and a positive divergence. looking for price to drop a little more to the 430-435 area then consolidate and work its way back up. a close below 428 will invalidate this...

elk16 Updated 

After a final dip to support ETH had an Inverse Head and Shoulders played out on the 1hr and 4hr, RSI broke out of wedge creating upward movement. first target is the downward price channel resistance (yellow). I think price will consolidate there for the next move up to target #2. possible bull flag at target #1 and the RSI resistance line creating another RSI...

elk16

the blue long term moving averages compress during times of weakness followed by price falling trough. During time of strength the blue long term moving averages will expand and as of right now they are stronger than they have been in the past few years.

elk16

pullback?

elk16

Breakdown after spinning top. will cover and go long near trendline.

elk16

Should breakout in the next few days. Hoping to see 10%