Exercise caution, With fed (cpi) meeting in a couple weeks, coupled with a bullish $dxy (us dollar) expect some volatility in Btc in September, we also have the eth merge in less than 10 days. Plenty of seller exhaustion on the daily rsi giving buyers (bulls) the chance to takeover. Bitcoins Elliot wave theory Waves 1, 2, 3, 4 and 5 form an impulse, and waves A,...
The pair failed to to reach the previous support forming a abc correlation and bounce of the daily support. The pair seems to has run out of sellers and now retracing to 0.61541
If we break 31618 i believe we will have competed ABC 3-3-5 pattern Note we have retraced to the fibo 61.8 published August 5th
IN this update we review the recent price action in the USDZAR and identify the next high probability trading opportunity and price objectives to target
possible ABC or Bull Flag spotted, for fun only. NOT TRADING ADVICE!!!!! Following this idea with real money can make all your money vanish!!!!
In this update we review the recent price action in CADJPY and identify the next trading opportunity and price objectives to target
Cup and Handle on this 12H timeframe I have tried to indicate what I think price action will act like within the handle with the green double curve
Divergence: Warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. For confirmation the completion of the full 5 Wave Impulse cycle, we look for the 5th Wave to show signs of divergence. This is our first indicator that we might begin to see the ABC correction starting to form. Price going higher,...
This is my revised wave count to account for multi wave extensions nested. Bitcoin while completing an ABC Flat (Irregular / Expanded) correction, touched the Golden Zone, and then bounced up to complete Wave C of the Flat. Special Tip: Flats (Irregular / Expanded) are quite common, as they inevitably run stop losses on both sides, and further introduce new...
SELL @ 143.500 Sl @ 144.140 1st Tp @ 141.000 2nd Tp @ 139.000
Relative new to the theories of Elliot, however this is a scenario that seems to be playing out. Hope someone with some more experience could comment on this idea, thanks in advance.
Short Setup till 30200+- after Breakout after the Triangle
Hello traders, Gold is not a good boy, not well behaved. It is bearish on daily chart but on 4h chart, it looks bad by running up and down EMAS. Check again B position that could happen round 1820-1830 later in NY session, maybe a good fake signal to sell just like yesterday. GOOD LUCK ! LESS IS MORE!
USDJPY Looking good to enter into another position. We are looking for a pullback and then a higher lower high and there we will place our sell orders. Notice my hypothesis was not too far off the money. Not bad! Patience is key. The idea going forward is this might turn into a weekly hold trade and with any luck we will get that.
So if you missed the first entry which is too risky and I understand why you probably shouldn't and that is fine. Do not chase it down but wait for it and a small ABC (abc if you are an Elliott gal. Wait for this move in green which should look like an abc and place a sell order in the red circle area. Of course this is only a hypothesis so we can't be certain...
This idea is crafted with a bullish mid term mindset, trading spot / 2x leverage with DCA implementation. I am entirely aware if BTC breaks below 40k, it is likely that alts will be unpredictable. I am not considering this scenario in this idea. ETC has been consolidating for about 210 days from its 183 ATH in may 2021. My idea is that these levels marked 1,...
We are in this waves elliots ABC irregular flat. Same on ETH One push to the down and all in. 22/21/20k And we'll be rich.