telnemri

telnemri

Comparing to the 2015 downtrend.. RSI hasn't tested the bottom again yet Trend lines don't point to an end of the downtrend yet Fib analysis shows current low point at the 3 level.. but I'd bet 1.618 would be a more likely bottom.. Good luck :)

telnemri Updated 

From current analysis, it looks like we are in the 5th wave of this rally but not quite done yet. Comparing the previous rally from August to September... the levels of the wave 1 and wave 3 are similar to the current rally. Trying to estimate the end of the 5th wave, I looked for the level reached in the last rally which was just above the 4.76... RSI levels...

telnemri

Using the trend web analysis method, we already identified the first the drop (thanks @DianKemala), and now, by measuring trends, angles, and time cycles, we can get an approximate value and time line for this correction. It's not just one piece of evidence that leads to the conclusion, but multiple.. please follow my thought process below: 1. EW Impulse from 1...

telnemri Updated 

If we take a wider view and analyze the daily chart, we quickly are able to identify the formation of a pennant. This usually suggests continuation of current trend. If it breaks down through the triangle, the target should be around ~40 (length of the flag pole) If it breaks the other way, then target should be around ~82-84 (length of wave A). Even if it...

telnemri

A classic textbook example of a flag continuation has formed and usually this signals a further downward move in bearish trend. The flag pole is calculated from the last resistance line it broke to the lowest low of the flag. This is shown in yellow, and it hits exactly at the 0.618 fib of the long term trend. Keep in mind that this is only wave I of the long...

telnemri

Although I have not yet invested in Ethereum, I am planning to jump in this range as long as more confirmations of reversal happening. There is a chance next level of support could be tested. Personally, I think it all depends on how well Bitcoin does. Time range should be pretty close.. I've done a similar analysis for LTCUSD and the time range falls within the...

telnemri

Same pattern as the last two double tops, just longer in duration as expected with bigger waves. This should be the lowest support we reach until ~110. It should also bounce to mid 60s, low 70s and drop back in the 50s before we make another attempt at the all time high of ~98.

telnemri

Be careful of the bull trap coming in between. After Feb 2018, next upward wave will begin. COINBASE:B

telnemri Updated 

The next several hours are critical to show if we bounce against the trend line or if we break it. The china news unfortunately came at the wrong time and could be likely to sway the decision the other way, breaking the trend line and going into the bearish zone.. possibly bouncing back to 38.5 level first.. several challenges ahead. On the brighter side, if this...

telnemri

Symmetrical triangle forming, volume decreasing, stoch rsi and macd following expected trend. For swing traders, short at 61-62 and long at 55-56

telnemri Updated 

My attempt to find the next trend.. We are certainly about to complete an expanded flat (3-3-5) Elliot correction wave. Not sure what could be next but this model syncs time cycles with the shape of a combination wave. If the shape follows through with either a type of triangle wave or a zig zag wave then we should have a better idea where we're going after that.

telnemri Updated 

This is an interesting move folks; identifying an ascending broadening wedge pattern has the same chance more or less to continue downward or to breakout and go upward. In my opinion, based on the bigger trend's descending triangle wedge, and the minor descending triangle wedge following it (the fib retracements placed on the graph), my bet would go towards the...

telnemri

We are in the middle of the 4th wave of the 3-3-3-3-3 descending triangle correction. Price will fluctuate between 68-73 for the next 3 days and then hopefully begin its continued journey upward