Action: Buy at Market Price between $10,102 and $10,407 Stop Loss: $9,961.6 Take Profit: $10,758 Order valid: 16 hours from publication The five waves up, as shown in the diagram, show that the trend is now moving up. Elliott Wave analysis states that after 5 waves up, there should be a correction followed by another move up. The movement up in the price should...
Action: Buy at Market Price 10,520 Stop Loss: 10.338 USD Take Profit: 10,783 USD Order valid: 12 hours from publication
For those familiar with Elliott Wave Analysis: This pattern here is a 'double zigzag'. For those unfamiliar with Elliott Wave Analysis. The rice should now move upwards towards the target indicated by the grey line. The green box shows a good area to buy some BTC and the grey line would be a perfect place to take a profit. As a trader, you must always be willing...
Open to consider other possible counts here. Any other opinions please feel free to let me know, thanks!
The buy zone is shown by the green box. If the stop loss is hit, then this count is invalid and there will likely be further downward movement. The profit target is at $322.50 - This is where wave 5 is equal to 0.618 x (the length of wave 1) + (the end of wave 4). Disclaimer: This material should not be the basis for making investment decisions, nor be construed...
Short now and attempt to ride wave 5 down. Disclaimer: This material should not be the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions, and is not related to the provision of advisory services regarding investment, tax, legal, financial, accounting, consulting or any other related services, nor is...
Volume divergence means that while the price is rising, the volume is falling which shows a divergence in the trend. A sharp reversal has already occurred and I believe it will continue. BTCUSD has dropped violently after the rally over the last 24 hours. The bears are clearly dumping heavily and it seems bearish IMO. I have constructed a possible trade here as I...
Profit target = $12120 Stop Loss = $11590 Buy Zone is between $11840 and $11640 (if the price does not fall to this zone, this trade will likely not be worth taking). The potential gain is between 2% to 3% and the risk is between 1% to 2%. This is a classic Elliott Wave trading set up. If you have any questions please feel free to message me or comment and I will...
5 very clear waves down mean an ABC up and then another 5 waves down is extremely likely. This is a great opportunity as the risk is very low and the potential reward is high. The profit target is calculated by: Measure the height of the 5 wave decline in $ (by using the fib-extension tool) this is called x. Estimate where wave C of the ABC will end and subtract x...
Here is a more detailed analysis of the market and you can clearly see a great example of RSI bearish divergence as price made a higher high and RSI made a lower high. Furthermore, MACD lines and histogram are showing signs of a reversal, there has been an 'evening star formation', and (if you see my previous post) this is the 3rd attempt to break above this...
I will be re-entering my short position here by buying a put option in the money just before the market closes today (Friday 6th of July). On a Daily chart, today's candle is forming a bearish hammer and there is also RSI bearish divergence on the daily time frame. These facts indicate that this triple top is not going to be broken and the trend will most likely...
RSI, MACD, Volume, and price action all showing signs that the trend is slowing, so a drop should be expected. How violent or weak this reversal will be I am not sure, but there will be an opportunity to profit from a move down in price IMO. To profit from this, I would wait for a bearish reversal candle to form in the RED ZONE as shown above. This is not...
A move below the red line will invalidate this count. So far, price action is very bullish and volume is confirming the uptrend.
1.618 times the length of wave (1) added to the end of wave (2) is my target. Stop loss is 1 tick below the low of wave (1). This is a great investment opportunity to add to your medium term portfolio. Very little risk and huge gain potential, just how I like it! Disclaimer: Ido not accept any liability for any loss or damage which is incurred from you acting or...
Monthly time frame used above. Looks very bearish from an Elliott Wave pov. This is a good trade to take for long term investors. This is not financial advice and I am not responsible for any losses you may incur. This is only intended for research and educational purposes.
Disclaimer - This is not financial advice and I am not responsible for any losses you may incur. This is only for research and educational purposes.
There is a clear wave count here with bearish divergence and normal wave extensions to back up the argument that a large drop down to at least wave (4) will occur now. Wave 3 was between 1 and 1.618 times the length of wave 1. Thus, wave 3 was the extended wave and so wave 5 is likely to be less than 1 x the length of wave 1. So far, wave 5 is around 0.786 times...