Hi Steemit Friends- There are only a few of you, but you'll note, I have been quiet with the trade calls because of a new event in my life. I need to announce that I've been hired to lead the crypto analysis on Elliot Wave Trader, a site I've been a member of for over two years and where I learned Elliot Wave analysis. I will be the first paid crypto analyst on the site mostly devoted to metals, equity and bond trading. My subscription service starts in August. I'm going to offer as many posts as I can on short term trade setups here until August. After, this, I will have to work out with the site owners how best to post off site. I know it will be limited because my content is now part of EWT's paid subscriptions.I may shift gears toward trader education (for all markets as I also trade metals and equities). I personally am very interested in blockchain projects and will continue to be an involved community member.
If you are interested in learning in depth, I do suggest joining. Sorry for the marketing. But this is the site that turned me into a consistently profitable trader. There are great mentors on the site and I am honored to be asked to join the team.
Good for you. Congratulations. I think every trader must find their own style that suits them just like every artist must find their own style. No two masters will be the same although the value of their portfolios may be equally valuable.
Congratulations! Although I'm sad to see you leave here. I have appreciated your insights while they have lasted. As far as I can tell, most of the altcoins I'm following are looking like they are in the middle of a 1-2 i-ii to new highs. I just don't trust ETH anymore, but I appreciate the count. I'm leaning towards XRP (Ripple) now. According to that log Fib extension you gave, it could head to ridiculously high levels at the end of the major 1st wave.
Also, if it helps you out some, I know your site looks for sentiment readings, which are hard to come by in the crypto space. But Bitfinex.com has funding options that go up and down with interest in people wanting to offer their coins for funding, or wanting to use coins for shorting (except for BTC which can be used for betting against other coins). I figure you could create some kind of sentiment reading from the funding rates. I hope that helps!
Thanks aerodart. That lending info is a good call. I have a side project with a programmer working on crypto data bots directly from the exchanges. That could be one thing we look at. Also, I'm not leaving here. I plan to be an active level. The owner of EWT allows trade calls but they have to be measured versus the 10+ posts per day on make on the site. I'm bullish on XRP and ETH. I actually count both as ending diagonals...3 up 3 down, usually a clear sign and see that in XRP, ETH, XLM, and ETC. It's a choppy way to grind higher and will lead to rapid correction but this correction is just a bus stop in all based on my wave count (if correct).
Thank you for your guidance. I do appreciate the once or twice a week articles and guidance from Avi on gold on Seeking Alpha and Gold Eagle. I'm guessing by ending diagonal you are referring to the chart above? I had counted the recent double top in XRP/USD on 6-1-17 23:00 (UTC) and 6-20-17 12:00 (UTC) as the main 1, i double top that usually occurs right before the ii and blast off in iii of 3. I imagine if the alt 5 is imminent in ETH, that correction would take down the rest of the cryptos with it.
Sorry I missed this. By Ending diagonal, I mean XRP. It's local structure is potentially an ending diagonal. There is a lot of correlation in cryptos now. But I am careful to lean on that too much. just as you do and you think it works, it breaks. True across any market. But it is working right now.
congratulations!
Thanks aaagent!
Congratulations!! I highly advise all of you to sign up to EW Trader.
Hi, thank you for sharing, I'm following you ^^