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Elliott Wave

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Elliott Wave

Elliott Wave theory is one of the most accepted and widely used forms of technical analysis. It describes the natural rhythm of crowd psychology in the market, which manifests itself in waves. The essence of Elliott waves is that prices alternate between impulsive phases that establish the trend and corrective phases that retrace the trend. In their most basic and straightforward form, impulses contain 5 lower degree waves and corrections contain 3 lower degree waves.

Elliott Wave is fractal and the underlying pattern remains constant. The 5 + 3 waves define a complete cycle. They can form different patterns such as ending diagonals, expanded flats, zigzag corrections and triangles. Fifteen different degrees of waves can be identified with each of the 5 smart drawing tools, allowing users to visually identify different degrees of waves on a chart. The key to trading Elliott waves successfully is counting them correctly for which there are rules and guidelines.
PetrosYiallouris PetrosYiallouris OMGUSD, 30, Short ,
OMGUSD: SHORT PENDING ORDER CRYPTOCURRENCY
70 0 1
OMGUSD, 30 Short
SHORT PENDING ORDER CRYPTOCURRENCY

SHORT PENDING ORDER CRYPTOCURRENCY

waynea3 waynea3 PRO BTCUSD, D, Long ,
BTCUSD: Lame attempt at EWT for BTC
59 0 1
BTCUSD, D Long
Lame attempt at EWT for BTC

mappoing the possible retracement that's currently happening

Bitkingfx Bitkingfx PRO ETHUSD, 240, Long ,
ETHUSD: Ethereum on its way back up.
548 0 9
ETHUSD, 240 Long
Ethereum on its way back up.

ETH Looks like it is ready to move up, can't say whether it's a long term move or a short term though yet. It has confirmed it has finished the WXYXZ Downmove and is now starting some kind of correction pattern. It's too early to tell what type but I will initally look at at an A B C. For now I will look for longs, but will update if anything changes. Trade ...

Bitkingfx Bitkingfx PRO BTCUSD, 720, Long ,
BTCUSD: A BTC Story.. a lot clearer when we look at the big picture.
491 4 7
BTCUSD, 720 Long
A BTC Story.. a lot clearer when we look at the big picture.

Sometimes in life, we need to take a step back and look at the bigger picture, we get stuck on the small details and forget the path we are actually travelling down.. Zooming out to the 12h Bitcoin chart, we can see a very clear picture of where BTC is taking us. Perfect Elliot pattern and lining up great with our Fibonacci rules, I'm aware of the news this ...

Bitkingfx Bitkingfx PRO BTCUSD, D, Short ,
BTCUSD: Expecting a correction back to trend line, but then...who knows?
247 2 2
BTCUSD, D Short
Expecting a correction back to trend line, but then...who knows?

I am almost certain we will see a correction back to the trend line, we are seeing very clear divergence on the MACD which I simply can't ignore. Once we hit the trend line, it's hard to say at this moment in time, could we see another wave up or a deeper correction, time will tell and we should have more clues once price meets the trend line again. I will be ...

Bitkingfx Bitkingfx PRO GBPJPY, 720, Long ,
GBPJPY: GBPJPY - Completion of corrective structure.
45 0 2
GBPJPY, 720 Long
GBPJPY - Completion of corrective structure.

Once we see the end of this current correction, I am hoping to see a continuation of the short term bullish trend to complete the pattern.

Bitkingfx Bitkingfx PRO EURGBP, 720, Short ,
EURGBP: EURGBP Waiting for the next impulse down.
34 0 1
EURGBP, 720 Short
EURGBP Waiting for the next impulse down.

Another day another Elliott wave pattern.... It's only a matter of hours/days before we see the second impulse down after this current X wave correction. I am hoping it will look very similar to the first impulsive W wave. A break of the two blue trend lines should confirm this next impulsive move. Fractals and Elliott.... what a great combo.. Good luck ...

Bitkingfx Bitkingfx PRO BTSBTC, 240, Long ,
BTSBTC: Bitshares looking like a great choice to invest back into Alts.
361 0 3
BTSBTC, 240 Long
Bitshares looking like a great choice to invest back into Alts.

With the excitement of Bitcoin cash over, we are now seeing the signs of money returning back to the Altcoin market. I really like the look of Bitshares and I've been hearing whispers in the community that a big buy back is due. We have seen a lot of lows hit on a wide selection of Alts and we should start seeing some big quick profit pumps returning ...

JTMuncaster JTMuncaster BTCUSD, D,
BTCUSD: Bit Coin new highs potential level for a pull back
107 0 0
BTCUSD, D
Bit Coin new highs potential level for a pull back

Using Fibonacci extension of 1.61 from the pull back after the last high. You can see that Fibonacci works well for bitcoin as I have the retracement on there to predict an accurate reversal point. The Elliot Wave theory also seems to show that there is more to come from the current impulse wave.

wstipp18 wstipp18 AUDNZD, 60, Short ,
AUDNZD: AUDNZD Short For Wave 3 (EW analysis)
28 0 0
AUDNZD, 60 Short
AUDNZD Short For Wave 3 (EW analysis)

After a 5 wave move down, it looks like there's an opportunity to sell into wave 3. If this count is correct we should see a sharp move down. I am possibly expecting a slightly larger move up before the final move down so bear that in mind. I'm going to try to let this one run a bit so I can get a nice boost in my account. Targets at w1 = w3 and stop at .786 of w1.

WaveRidr WaveRidr EURGBP, 60, Long ,
EURGBP: EURGBP BUY - UK heading into a headwind
59 0 3
EURGBP, 60 Long
EURGBP BUY - UK heading into a headwind

As you know Wave Analysis only works when you include the wider economic picture. A pretty clear 3 wave correction appears to be playing out that plays well to the idea that the UK economy is facing headwinds that will inevitably lead to a slowdown in economic activity and a further reduction in the value of the GBP. The issue with this trade is the very bullish ...

WaveRidr WaveRidr CADJPY, 60, Long ,
CADJPY: CADJPY - Broken Record that keeps on paying
14 0 0
CADJPY, 60 Long
CADJPY - Broken Record that keeps on paying

Long CADJPY another pullback against the dominant trend, this one last appeared as trade 17 and was successful. It is quite a small pullback and hence has a small stop loss giving the trade excellent risk reward. Even though FOMC is approaching the stop of only 20 pips makes this one worth the risk even if the GBPAUD had to be cancelled for this reason

Bitkingfx Bitkingfx PRO ZECUSDT, 180, Long ,
ZECUSDT: ZCASH could be ready for the next push up.
145 0 6
ZECUSDT, 180 Long
ZCASH could be ready for the next push up.

ZCASH is showing signs that its major corrective pullback is over, showing a similiar pattern to ETH we can expect to see a new Impulsive wave forming. I have marked on the chart my rough idea on where I expect price to go, use as a guide only. I will start accumulating small amounts today through to Sunday. Looking at mid to long term for now, so prepair to sit ...

Bitkingfx Bitkingfx PRO BTCUSD, 60, Long ,
BTCUSD: Clear possibility for a Bitcoin short term wave trend?
384 6 7
BTCUSD, 60 Long
Clear possibility for a Bitcoin short term wave trend?

I'm thinking this could be a nice movement for Bitcoin over the weekend, maybe breaking the ATH? What do you guys think?

Bitkingfx Bitkingfx PRO AUDNZD, D, Short ,
AUDNZD: AUDNZD Wait for current corrective wave to complete.
67 0 1
AUDNZD, D Short
AUDNZD Wait for current corrective wave to complete.

We are currently seeing a small rally within a larger corrective structure, I want to see this move break the last corrective high (marked on chart) before we can start looking for shorts. We will then trade back down to the bottom of the corrective structure before looking for the final corrective large impulse up. Use my arrows as a guide only, follow the ...

Bitkingfx Bitkingfx PRO BTCUSD, 240, Short ,
BTCUSD: BTCUSD Shorts still strong and valid.
330 6 5
BTCUSD, 240 Short
BTCUSD Shorts still strong and valid.

Looking at the strength of the last impulse down, I still think we are going to have at least one more move down. I won't change my perspective until I start to see some form of divergence on the chart. I will be looking for shorts and trading this down further. Trade safe. Bitking

PRO_Indicators PRO_Indicators PRO USDJPY, M,
USDJPY: USDJPY / M1 : Longterm pleads for a bull trend reversal
76 0 3
USDJPY, M
USDJPY / M1 : Longterm pleads for a bull trend reversal

The analysis shows off that the long term bear trend of USDJPY 0.07% may have come to an end on this bottom and the reversal time is now triggering. We may have finished the first wave impulse of this new bullish trend . So we are now retracing to find point 'b'. This subwave is in-trend and can be bought with low risk. Of course as we're consolidating... wave ...

PRO_Indicators PRO_Indicators PRO USDJPY, M,
USDJPY: USDJPY / M1 : Longterm pleads for a bull trend reversal
304 0 6
USDJPY, M
USDJPY / M1 : Longterm pleads for a bull trend reversal

The analysis shows off that the long term bear trend of USDJPY may have come to an end on this bottom and the reversal time is now triggering. We may have finished the first wave impulse of this new bullish trend. So we are now retracing to find point 'b'. This subwave is in-trend and can be bought with low risk. Of course as we're consolidating... wave 'b' can ...

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