In this post - I'm going to examine Bitcoin across the board covering the following: 1.Basic Technical Analysis ( Trend Lines , Candlestick formations, Moving Averages) 2. Elliot Waves Analysis 3.Marcet cap analysis, Volume Analysis, Fundamental Analysis . 4.Number of short positions (BITFINEX) 5.Number of long positions (BITFINEX) 1.From a Daily chart ,...
In this post - I'm going to examine Bitcoin across the board covering the following: 1.Basic Technical Analysis (Trend Lines, Candlestick formations, Moving Averages) 2.Elliot Waves Analysis 3.Marcet cap analysis, Volume Analysis, Fundamental Analysis. 4.Number of short positions (BITFINEX) 5.Number of long positions (BITFINEX) 1.From a Daily chart, we can...
Ada in wave 2 of 5 expect a dip to lower ascending trend line then a bounce to start leg 3
LTC is currently correcting from the Elliott wave structure prob till 0.5 or 0.65 fib lvl and is forming a downward channel. After correction I think we are going to see the 3th wave of the bigger Elliott wave structure that it is forming. NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during...
I hit you guys with a scenario of us having finished our Wave 3 and being in our Wave 4 correction.... But that wasn't so. As you can plainly see we pumped even MORE!!! Wow, Cardano really went on a moon mission with this one. So apparently we had finished SUBwave 3 of wave 5, and we broke the 2.618 and almost made it to the 3.618 Fibb Extension of waves 1 and...
EOS approaching oversold status. It's currently At or Nearing end of Wave 5 in the Eliot Wave Structure. If bulls have more steam for end of wave 5, Target 1 $12.25 Target 2 $13.00 On ABC retracement, Target 1: $9.40 Target 2: $6.50 RSI shown in cyan BTCUSD / Shorts ratios shown in lime green and red
Last time i left you guys with extrapolated targets for what our wave C should look like based on Elliot Wave and Fibonacci Retracements and Extensions. Wave 1 ended slightly shallower than I expected it to, it was actually finished when i posted my last chart, but we couldn't have know that because we had no data on Wave 2 yet. Now we see that the retracement...
I was really curious how DJX might look like this days. So I made this. I hope I'm wrong - so take it with a grain of salt... DJX seems to have completed a Major Elliot Wave Pattern, starting from the 2008 Crisis. It's starting to show signs of a correction. I've put together 3 major scenarios: Starting from best-case scenario to worst-case scenario S1) GREEN...
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Hello all friends! This will be my first TA on ETC/USD. After an incredible weekend drop and then bounce, we are now preparing to dip down again for an ABC corrective wave. Short entered $19.798. Stop loss - $20 (move to risk free trade, as price drops, "trailing stop loss") Take profit 1 - $18.00 - high probability - Risk/Rewarrd ratio: 8.88 Take...
Hi to all my new friends, let's get to it! I know many people on here like to pretend like they are wizards and know everything, but I will just keep it real for you. We go based on the data given to us, and adjust as new data comes in. BITCOIN just went sideways for several hours, not sure what it wanted to do. Based on the current count, I believe we have just...
Elliot Wave analysis, offering short term buy ins and sell off target zones for the 3rd wave approaching us. Also longer term targets.
It is temporary move to 1.30250 area to complete Retracement .. I am Long till 1.30250 . From 1.30250 we will Resume Short . Elliot Wave By mazchaudhry
short at 0.772 two ways to close this trade,1:monthly close line above 0.772 or 0.793 be broken if u guys want a good price to short u can wait dxy down to 97.8(eur=1.097) extreme 96.5 eur=1.035-1.04
S&R level and Fib retracement levels come together to support the idea of a Butterfly pattern forming on the 4hr chart. You can either wait till it hits either of the targets to sell the regression or you can ride the wave up after it breaks the 113.928 price which appears to be quite important here. Setup 1: Entry: Long at 113.969 TP: 115.404 or 116.168 SL:...
On Friday we traded the final leg move down in this 5 wave structure. We should now expect a retracement would could be signalled by the inverted head and shoulders forming. We are already in a BUY position and will look to add to it on a break and re trace of the neckline.
I think that the formation 1-2-3-4-5 is finished and the Gold need a NEW SUPPORT for the next Elliot wave. I give you two possibilities for this support point: 1282 and 1278. If in the top rigtht now appear lateral formation, the correction will be 50% of the 1-2-3-4-5 wave. But if in the top right now don´t appear lateral formation, the correction will be 68%...
Excellant R:R trade now. We believe wave B has been formed and are now looking to trade wave C. Hourly pin bar is forming now and with stochastics crossing over in an oversold area, a push higher could be imminent...The move down has run out of steam it seems. Please wait for this hourly candle to close to confirm the presence of a pin bar. Money management is the...