GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
VAST RESOURCES PLC ORD 0.1P, OILEX LD ORD NPV, LLOYDS BANKING GROUP PLC ORD 10P, CANADIAN OVERSEAS PETROLEUM LIMITED COM SHS NPV (DI), FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), URU METALS LIMITED ORD USD0.01 (DI)
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
I have used Elliott Waves and Support & Resistance lines to come to the likely possibility that in a larger degree of trend, Bitcoin is undergoing an ABC three-wave correction. if this turns out to be true, the final C wave could possibility in play and we all know, the best time to buy is at the bottom of an ABC correction.
Only time will tell. For educational ...
I have spotted a ZigZag (5,3,5) occurring in Litecoin (LTC). Currently, we have completed the A and the B leaving the final C wave down. The A and C waves of a zig-zag correction have five sub-waves.
If you zoom out and have a look at the bigger picture, you'll notice something very interesting. Litecoin (as well as Bitcoin) are about to begin wave three of a ...
I have used Elliott Wave counts to come to a conclusion that Bitcoin is probably undergoing an A-B-C-D-E correction for a larger degree Wave 2. Currently, I believe we may have begun the E wave down to the predicted $2 - $4k levels. I think we are in the process of a Zig Zag (5-3-5) down for the E wave and at the moment and if this is correct, we are completing ...
This is my first public post on technical analysis, I would still consider myself a beginner to Elliott Waves. Any feedback would be appreciated. :)