Dear Friends! Let's just right into it. I have tried to identify the complex 4th wave correction pattern. It looks like we have a WXY (Double Three), which consist of first a Flat Structure with B as a Triangle Correction (ABCDE) and then ABC followed by a another Triangle Correction ABCDE. If this is the case we should very soon continue to go up and start...
If my count is correct (12345), I believe we have a pretty clean long position here.. (Can a '12345 corrective' come immediately after an ABC? I'm only beginning to learn Elliot rules.) Channel looks good, take a long with a stop shortly below the 2 and 4 position, below the channel. I feel like if that doesn't hold there isn't much evidence for a long. About...
150+ Pips SELL Good Luck! KEEP THE RADARS UP!!!
Lets see how this unfolds, havent seen this wedge yet around, found it interesting thought to share.
Its going down, sell this and buy bitcoinSV
40+ Pips BUY Good Luck! KEEP THE RADARS UP!!!
50+ Pips BUY Good Luck! KEEP THE RADARS UP!!!
I was able to spot a few key rules for why this might play out the way it shows. Starting from the high on March 2018 we can begin to line up our WXY pattern. Within that WXY Corrective waves, you can find the ABC correctives. I'll leave you to interpret how you see those but I left them out to make the chart look cleaner. - If you look at Fibonacci drawn from...
Hello traders! ABC/Bitcoin cash currently testing a support level, in case it drops from green line it will bounce within pink parallel channels before it finally drops to Red resistance level . We havn't find the good entry point to enter, I repeat , DO NOT PANIC ! invest at your risk! Good Luck!
Looking to sell short bitcoin at 3977 (stop at 3450).
Hello Traders! From a technical point of view, possible completion of impulsive structure (12345), so we expect some corrective structure ABC. We will try to take short position as shown on chart, limited risk and good R/R Ratio (> 1:3) COMPANY PROFILE Qantas Airways Limited is an Australia-based company, which operates domestic and international airline. The...
This is a short-term short setup for BITMEX:XBTUSD that should be followed by a massive rise in price via the beautiful butterfly effect. It will either be this or price will keep going up from here via the bottoms we've already had. This would not surprise me either. Let's see. If this one plays out or stops out, we'll go from there and plot our way to the...
Elliott Wave Count: Impulse, w1 - w2 - w3 - w4 - w5 Counter trend (abc) zigzag pattern Finalising a 8 Wave Sequence
ABC is approaching our first resistance at 87.12 (horizontal overlap resistance, 100% fibonacci extension, 76.4% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 81.08 (horizontal swing low support, 38.2% fiboancci retracement). Stochastic (55,5,3) is also approaching resistance where we migth see...
I am testing out this theory using Elliot Wave Theory, ABC corrections and a 15-day cycle with BTCUSD on Bitfinex. If it holds true, then watch this space further. If not, then don't worry, it was just a theory!
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This is what I'm seeing for bitcoin as a last chance for the bulls. $3250 is an area I'm eyeing to complete current corrective Wave-B and then should Bitcoin should take us above $4000 as a motive Wave-C of current ABC correction. Current pattern looks like Ending Diagonal.