In previous idea I in details showed why this pair will fall down. What next? I think this pair have bearish trend with targets until to 0.95 Now this pair have a two count. My main scenario is that have ended wave 1 and will do a wave 2 in next several days to area 1.12-1.127 (50-61% of Fibo) with subsequent fall in wave 3 with a first target area nearly...
I am still looking for short position in this pair. Wave count show that movement from 0.80745 looks like a impulse wave (this count in related ideas) and have ended. Now the pair are doing a correction wave: now it is looking like a zigzag (I will show a detail structure I will show at 30M chart later in comments). In typical retracement for wave 2 it is a...
The great thing in Bitcoin is that everything moves very naturally without much or any chart manipulation from cutting edge Wall Street strategies. So you can see how a classic chart pattern naturally forms. Especially after the market hit 100% of the selling climax in the currently analyzed time-frame. I was watching this uptrend wave unfold since "Spring" (I...
An update of an older chart, changed a bit the cycles to integrate better in the chart structure and fib channel ratios. More about the chart can be read here The range of the cycle we are in now looks much more similar with the previous ones now and clearer with its downtrend line. If it gets broken, then this is not valid anymore. Good short oportunity in this...
My previous scenario broken today after breakthrough the top line of triangle. Now I see another 2 main ways to move: Main scenario The rise from 0.7682 it is a wave b in extended flat correction. The pair now have a few key point, which indicate to me that this rise have completed and why I have marked today hight as wave b : a. RSI divergence b. MACD...
This pair have a clearly structure. The rise from 0.75322 to 0.78416 I marked as a regular flat 3-3-5: (a) (b) (c) count. I market this flat as w , because from the level 0.75322 we got a significant low level for this pair. I think we complete impulse wave (iii) from 0.89 and this pair must have a significant correction. Because of this the next wave that I'm...
After a new low at the end of bear cycle, market corrects in 2 waves to 61.8% from the previous bearish cycle. The bearish cycle in this chart begins after 3 requirements are fullfilled: 1. Break the bullish trendline of the correction from previous bear cycle 2. Break down the last month's daily EMA so that it becomes resistance 3. RSI breaks solidly the 40...
Most Elliott Wave counts for Bitcoin are oversimplified or incomplete, failing to identify nested waves of different degrees. Here I propose a double zig-zag correction for a potential Cycle 2 bottom. The recent drop in price has made BTC retrace nearly 88% of the all time high at 1165 in November 2013. I am marking the high at 1165 as the top of Cycle 1 (also...
Crude oil cycle analized with elliott wave with an objective of 40 usd for the end of wave C. Im expecting a flat corrective pattern, being B 76% retracement of A. In the current minor wave analysis, we could expect a short term bounce (as it has happened between 52 and 60 usd). My target for the end of the current minor wave pattern is 40usd. If support level...
Check this out guys ! the mean for this cycle is around 608. thats where the triangle is closing. also price rendered around the same area above and bellow the mean. also price fell bellow the mean exactly at the halftime of the triangle ! isn't this stuff fascinating :O alltogether this "means" xD that something big is going to happen on or maybe before the 9th...