tonywantsacookie

tonywantsacookie

how to interpret: Blue is Weekly Green is Daily yellow is 4hr Blue trend is based off RSI starting in Feb '18 and Dec '18 respectively 220$ is a key level for both bull and bear scenarios. - ichimoko on the weekly/ Daily cloud support -fib retrace .618 on Weekly/ Daily -Elliot wave extension on 4hr/ Daily. Why it Won't reach 220: currently respecting .5 retracement

tonywantsacookie

I have never been on the 6k thought train. I knew the zone existed and technically anything is possible, but there are too many things that had to happen in order for that zone to come into play: -The boxes corresponds to significant fib levels on multiple time frames and the 4hr ( yellow) and weekly ( blue) matched almost perfectly Not only has it failed to...

tonywantsacookie

Read a fascinating article from Forbes this morning about the state of the American housing market, Allegedly supply and demand are at an all time high and millennials Nearly at the mean age of buying houses 34y/o. so I opted to have a look myself and yes its True, sinse February it's been on a 45% bull run. Impressive stuff... And they say it can go higher......

tonywantsacookie

The chart is in and of itself pretty solid explanitory. A couple of rules to bear in mind : Parabolic moves can retrace up to 80%- do I see that happen? Its allowed to, but in order to do so it would be a lot bounces on the way down through some serious support levels. A trend will retrace 50%, 80% of the time. It has done that, and found support, albeit...

tonywantsacookie

Over the course of the summer bull market, ETH corrected down and broke a big support trend. However it would appear like ethereum has climbed back on top of the trend line and finished a solid Elliott wave. Will it find support on the trend and continue on its path? Who knows, but there is reason for optimism. Forgive my RSI mess.. Different colours = time...

tonywantsacookie Updated 

Noticing the conversations on btc fud I opted to draw up what I anticipate the response to look like based upon shorter and longer RSI trends. A couple of pretty nice swing trades could be shaping up. Thoughts welcomed.

tonywantsacookie

thoughts and opinions welcomed. Not an advisor, looking to learn -Anthony

tonywantsacookie

The bullishness of Ethereum appears to be running out of steam- the last few elliot waves played on a very bullish .3 fib for almost all its retracements, and now its forming a bearish 3rd wave after a failed EW. That wave should conclude somewhere in the .38 territory, but I suspect it should retrace further as its 5th wave is kinda lost.

tonywantsacookie

Yesterday BTC -2.14% broke an important apex bearishly and headed down to finish a 5th wave. Now it has finished a 2nd larger wave and is sitting on a fib line with dimishing volume , and as such should break down. My next spot of focus is the 7k mark as the .61 lands there as well as conclusion of a 3rd wave and channel support intersect nicely. From there I can...

tonywantsacookie

title says it all. Both scenarios fit. Bounce off 9200= bullish and up to 40k long term 9200 bounce could be noise = bearish and down to 7200.

tonywantsacookie

Scenario 1: found support and is completing wave E, which could be setting for a bullish breakout . Could still stretch out for a day or 2 yet which does fit the volume movement diminishing Or the support could be completion of wave E and could be starting new wave 1. In which case I'll wait for completion of wave 2. That'd be the safer play.

tonywantsacookie

Scenario 1: found support and is completing wave E, which could be setting for a bullish breakout . Could still stretch out for a day or 2 yet which does fit the volume movement diminishing Or the support could be completion of wave E and could be starting new wave 1. In which case I'll wait for completion of wave 2. That'd be the safer play.

tonywantsacookie

Last downward spike started a new bearish channel , However it has since recovered and climbed back into and riding along the bottom original bull channel . Doing so starting a new 3rd wave Which fits the overall larger Elliot wave from last year. Reason to believe bulls are back: Volume is slightly bullish RSI found support in bearish zone after being...

tonywantsacookie

Looking at the chart and the daily dip has landed the bodies of the candlesticks onto the .618 fib support line with 1 wick landing further down and getting rejected. Influx of volume and oversold RSI has me thinking new cycle is about to begin. thought and comments are welcomed