Hello fellas, welcome back with our technical analysis about bitcoin. This time, I want to focus on potential movement in the next 7 days of bitcoin. And because current structure is beautifully related with the past performance of bitcoin, I will try to make a projection with elliot wave count. Let's get it to the point. Yesterday, I saw 2 important things that...
Again, I trade on the 5m chart. We are headed down to wave leg #2 at the moment, feel free to utilize this pattern and make profits! I wish I could post the 5m chart but TV wont let me due to time lapse. On the 5m chart the Double bottom shows better but not on this chart, sadly. Elliot waves are worth learning, they work! Thanks!
silver Elliot wave setup shared , wave count with possibilities of wave 5 materialization.
Please do not trade based on this. If you are Elliot wave expert please provide your feedback that will be much appreciated. One problem I can see is that wave 2 is not finish at 50% or 61.8%
I'm very new to Elliot wave, and Elliot wave analysis. However using this method I'm expecting (after confirmation) a price uptrend. I've already indicated my my stop loss and and target prices in blue. I've included a MACD indicator which shows that a prices are continuing to decline. I will wait for a cross over before placing any trade. The purpose of...
What are the most common fib levels we look for when analyzing wave patterns. Along with the 5 basic Elliot Wave patterns comes the relationships between them thru the Fibonacci numbers. I talk about all this in the new video youtu.be For more detailed charts, discussions and Elliot Wave learning , visit us at t.me t.me
The previous Elliot wave structure may provide some insight regarding buy and sell targets for the next bull run. The Fibonacci levels featured on the chart are extremely precise. It should be noted that blue wave 2 retraces past the beginning of blue wave 1 which violates Elliot wave rules. However, it makes sense to count it as a wave 2 based on what follows.
Master Elliot Wave principles for precise wave identification, using Fibonacci ratios to validate counts and identify reversal or continuation zones. Recognize key wave patterns for enhanced decision-making in swing trading.
Hello friends This chart explain Elliot wave analysis ya Neo wave --> 1 Flat correction 2 fibonacci use 3 Trend line 4 direction price move 5 Rsi indicator 6 Macd indicator 1 see this chart one hour time period date 17 jan 2022 this stock decline wave A denote chart circle A / this wave A internal(sub wave) denote capital letter Wave A,B,C . Red colour...
Quick video how to set up the correct 90/140 levels on the Fibonacci retracement using W5T Elliot Wave oscillator to measure the wave 4 pullback.
Hello fellas, How are you doing today? I hope you're doing great. welcome back with me with today's technical analysis about bitcoin. Yesterday's rally was so beautiful with around 6% surged to the upside. So, let's see where will the price heads in the near future. Looking at the chart, This is my best elliot wave count for bitcoin. we can see that the 1-2-3-4-5...
Here's a short video for any new traders who want to learn the basics of elliot wave analysis. I made this for a friend but thought I'd just post it on a public platform so it could help others as well. Pardon the quality! I've never made a video before so shall continue to improve in the future :)
Hello Traders. Welcome to Chapter 4.4, where we will be learning about the "Fibonacci Ratios" in Elliott Waves, a very important aspect of understanding the major points of entries, exits, and predictions of wave counts; furthermore, the Fibonacci Ratio is an extremely useful tool to measure the target of a wave's move within an Elliott Wave structure. Different...
Hello Traders. I hope you enjoyed chapter 1 and studied hard. If you are having a hard time understanding chapter 2, please go back to chapter 1 and study that chapter first. Chapter 2 - Motive Waves: 2.1 Impulse, Leading Diagonal 2.2 Ending Diagonal, Truncation 2.4 Extension, Fifth Wave Extensions ------ 2.1 Impulse, Leading Diagonal: Impulse Wave As...
Hello Traders. Welcome to Chapter 4.3, where we will be learning about the 'Market Psychology' aspect of Elliott Waves . This is one of the most important and interesting proponents of the Elliott Wave theory as it constitutes all the psychological aspects within the whole market. If you have a clear understanding of market psychology within each level of wave...
Hello Traders. Here we will examine the next pattern for diagonal patterns. Chapter 2 - Motive Waves: 2.1 Impulse, Leading Diagonal 2.2 Ending Diagonal , Truncation 2.3 Extension, Fifth Wave Extensions ------ In conventional technical analysis, they call it “wedge”. In Elliott Wave analysis we call it “ending diagonal”. Both terms imply the same thing –...
Hello Traders. Welcome to Chapter 3.3, where we talk further about a different form of corrective waves, the Flat and Expanded correction. In chapter 3.3 I discuss the last of the types of flat corrections! Here, we will also dissect the contracting triangle, also known as the symmetrical triangle by many traders. Chapter 3 Glossary: 3.1 Zig-Zag Waves 3.2 Flat...