SlavicChartist

SlavicChartist Updated 

Hi Traders, Today I had to consider quite dificult counts because of overlaping structure (7700-8280). Bigger chance is, its corrective wave. So rightnow we should be at the beginning of wave C. Bes setup is to wait for confirmation and price drop below 1H 55 EMA (aprox 8K). to open short. Or wait for Buy signal (RSI convergence) inside of 7700-7600 Area....

SlavicChartist Updated 

Wave A is easy to identify. Wave B is quite problematic so we could reach also 0.5 retracement of A = cca 100-102 USDT. Than I expect Wave C to reach exactly GR of All 5 impulsive waves = 77-74 USDT or with small wick lower. Lets wait for finalization of B.

SlavicChartist Updated 

As you can see, we are doing my favorite 3-3-5 correction. C could end at the exact Golden Ratio of Entire 1-5 impulse waves structure. = 75-77 USD. Count waves and watch indicators for konvergence between waves (iii) and (v) of C.

SlavicChartist

As chart shows, I expect to finish wave C consisting of 5 subwaves somwhere between 0,5-0,618 (9-8,5K) Fib retracement of Impulsive wave 5 (14K). Keep SL small and Fix profit ;)

SlavicChartist

Chart says it all. I expect we are in second impulsive wave after correction. and 4th subwave. Now just lets wait if i will get filled :) Good luck.

SlavicChartist

I would like to know oppinion of more eferience elliot wave counters, if my chart is correct ? If so, we could finish Last wave 5 of corrective Wave C downto 9K. Besides 9K is a nice number :), on this level is also trend line (Blue) + A:C = 1:1. Thanks

SlavicChartist Updated 

Nice sell candle showed up in last few minutes. seems like chance for 1:1 A:C correction is growing. ;)

SlavicChartist Updated 

Scenario No. 1) If we finish correction with A=C 1:1 Ratio, then marked region of 9000-9500 USD could be possible in next few days (Hours ?) ... Scenario No. 2) Its also possible that Wave C will be truncated = We reached RSI support (4H Diagram) + MACD Shows hidden divergence. Fingers crossed for scenario No.1 , order set, lets sleep and wait what will...

SlavicChartist

If my EW count is correct for A wave of correction (consist of 5) then its possible to expect at least sadow of candle reach 47xx area for 1:1 extension of Wave C. (so wave 5 will be again the longest).... This will be very interresting to watch and trade :) (If you trade BTC, I Focus on retracement projected to AltCoins).

SlavicChartist

In my opinion we alredy achieved last target of wave 5. So lets count where can be botom of correction ? Market starts to be bullish. My Target app. 9,731 USDT/NEO has chance about 20% to be reached but also brings very good RRR. Lets see. tagrtes can be changed as indicators will give us more informations in next few hours.

SlavicChartist

nice RRR, entry at point B.

SlavicChartist

Double bottom - Dragonfly Doji 4H chart, Raising volume, RSI,MACD Convergence. Use small TF for more precise entry

SlavicChartist

ICX continue on its 4th Wave Journey down to approx. 0.3050. Be ready to enter wave 5. ;)

SlavicChartist

MACD and RSI shows we are alredy in wave 4 - bottom can be somwhere near 0.3-0.31 Region than one more wave up to cca 0.42-0.48

SlavicChartist

Very nice RRR for short trade 9:1 down to 3600 USD/BTC. MACD Head downwards

SlavicChartist

Nice time to refill bags if next impulive wave is comming. I would really like buy at 0.23xx level where is strong support and Fib. Golden pocket.

SlavicChartist

SaP500 Showes last 2 days very clear signals for SHORTing opportunity. Gravestone Doji at Resistance level and Double TOP on RSI (1D Graf). Fasten your seatblets...This will be again interesting ride.

SlavicChartist Updated 

5th wave can be truncated. But depends on move of BTC. If we are right now in 4th wave (it can last 2-3 days)