jackrabbitrage

jackrabbitrage

There is the market observation that the BTC price has already bottomed out. True, the solid rebound for around 21500 was reminiscent of the start of a new uptrend. If we are already in at least a short-term one, as the bulls would believe, expecting a retracement back to 0.618 (35712), 0.786 (41214), or even 0.886 (44489) level first is convincing. Here,...

jackrabbitrage Updated 

If the green pattern (bullish dragon) in 4H TF is validated, BTC might see some bullish momentum, possibly a new-year relief rally. Bullish dragon typically forms a bearish Harmonic pattern, such as a Gatrley at around 0.786 retracements. However, if that possible upside is the remainder of an unfinished result of the adjacent bullish anti-Butterfly (blue), it...

jackrabbitrage

This is the sequel of our previous ideas in which we saw the arc having confined BTC within it and a 4H-timeframe bullish dragon . BTC gained bullish momentum after getting out of the arcs' crosspoint, forming the LTF dragon pattern . 17200 resistance has already been touched, likely to be broken. 17600-17900 is another solid resistance zone. So we could...

jackrabbitrage

BTC is trading within a very narrow range. There may be reasons for the exceptionally low volatility, one of which might be provided by arc analysis. As can be read from the chart, BTC has been contained in a crosspoint of the arcs. By scrolling the above chart, it can be seen how well the arcs have served S & R. Coming out of that area, BTC is expected to...

jackrabbitrage

This is a sequel of my previous idea . If the BTC chart has one more leg down, it's unlikely it will trade above the thick, brack resistance line on higher timeframes. (Trading thereabove means forming a bullish dragon that leads to a rather strong upside move.) Many resistances converge around the daily cloud's bay (circled area). That's 17200-17700. ...

jackrabbitrage Updated 

I recognize this market as bearish. No sign of trend conversion has been confirmed yet. However, if BTC withstands the selling pressure and safely remains on the border of the narrow gray box, a bullish dragon reversal pattern is complete that signifies a short-term relief rally. 25EMA and Ichimoku cloud on 4H timeframe are significant resistances, so there...

jackrabbitrage

This is the sequel of my related idea . The arc resistances indicate the possibility that BTCUSDT might experience fractal formation after the breakout of the left descending triangle. If another minor Descending Triangle is forming, BTC will still trade within the range for a while before the bearish continuation develops to its full scale.

jackrabbitrage

ETHBTC is forming a very bearish pattern. A 0.786-0.886 retracement is likely if the red trendline is broken. After a pullback, such a bearish movement could trigger another bearish pattern, 5-0. Merely a theoretical possibility, but this is one of what the holders should be prepared for.

jackrabbitrage Updated 

Some errors in Elliott count were addressed. No substantial change in the conclusion. In the previous ideas, we examined bearish possibilities. BTC 1H Short-trading idea Going to form a Bearish Flat? BTC in compression Where is the top of the Inverse H&S-like structure? First of all, this analysis is coherent with the above scenarios. So we may have...

jackrabbitrage

Looks like it will break persisting indecision shortly. The key price would be roughly 17200 and 17600 (see related ideas below). I'm interested in whether BTC defeats the bearish AB=CD to form a diagonal triangle with an upside throw-over, or ends up in "failure" in Elliott's sense.

jackrabbitrage Updated 

In the previous ideas, we examined bearish possibilities. BTC 1H Short-trading idea Going to form a Bearish Flat? BTC in compression Where is the top of the Inverse H&S-like structure? Although arguably BTC is in compression, the bearish movement will likely resume - let's check this hypothesis. I laid out a tapering pennant to measure the price...

jackrabbitrage

I found some intriguing similarities between the BTCUSDT 4h-TF chart and the USDJPY 3M-TF chart. Although one is a chart of a short to middle timeframe, and the other is of the very long term, the similarity tells something of how a price conversatio shapes under a significant, horizontal supply zone. Regardless of whether they are the bottom formations or the...

jackrabbitrage

We are amid a double-bottom rebound in the short-term timeframe, which looks like a triple-bottom pattern that reminds us of the inverse head and shoulders. Nevertheless, the chart is moving slowly. Why is this? At least the arc answers. We are in the middle of a compression. Where does the compressed energy go? Let's look to the left here. Even conservatively,...

jackrabbitrage Updated 

If the chart is forming an Elliot impulse wave, and the sharp drop last week was the third wave of it, we will see the fourth wave correction and arrive at the short-term target of 135.0. As detailed in the related idea linked below, I would see an elongated range formation, and it could take years for the yen to recover its original level. Pitchfork. the...

jackrabbitrage

As we predicted in one of our scenarios below, the chart seems to complete an Elliot impulse (its first wave could be a non-standard impulse or a diagonal). Because this chart respects Gann Square and arcs, the fifth wave will likely land around 135. This also fulfills one of the standard extensions of the H &S downfall, i.e., FE2.000. Possible next...

jackrabbitrage

Just speculation. This chart seems to respect Gann Box, Gann Square, and Arcs as depicted. If so, Gann 1 x 1 would exhibit a significant resistance at the 17400-17700 level. If so, an Elliott wave theory's Bearish (expanded) flat could form. Again, this is just speculation- for a more orthodox analysis, see my previous ideas linked below. Hate comments...

jackrabbitrage Updated 

BTC may be climbing up along the steep trendline. Watch aqua color, yellow and green lines, plus the bottom line of the rising wedge (red). These are the supports. Based on the Elliott-wave scenario of the related ideas. Consider another short entry if the support lines are broken.

jackrabbitrage

Short-term bull market with the inverse H & S -like market structure. It seems a corrective wave with a three-wave structure is about to complete. I'd like to see how the gray trendline will play out. The theoretical target for IHS is around FE2 or even higher, but be cautious of it ending up in a bull trap... I would short at major FE resistances of 17350 and...