xvg/btc broke the triangleverge has broke the triangle and is forming an impulsive abcde bullish pattern.
Feels like good times ahead for verge.
Good Luck,
XLong
Abcde
BTC Correction Over?Bitcoin formed a falling wedge. Inside each wave of the wedge, there is a 5-3-5 zig zag wave structure. The only exception is wave A, which has a 5 wave structure.
BTC Elliott 5 Wave Complete Expect ABC - Primary D Wave of 12/21BTC has been completing 5 and ABC/ABCDE waves for days...weeks...
Having just completed a Miniscule 5 Wave we can expect a Miniscule ABC right now...It appears to me that these Minor and Miniscule 5 and ABC/ABCDE waves are part of BTC Primary Correction ABCDE which began on December 21. Should this be correct, that would mean that we are currently in Minor Wace 3, that is within Primary D Wave of the ABCDE correction which began on 12/21/17.
preparing to short the UsdCadI'm looking for a short position on UsdCad.
We have a retracement and a symmetrical triangle as well completed on an abcde correction wave !!!
Short
EOS Short Term CorrectionsEOS is still in corrections after a 5 wave impulse (black 5). EOS could possibly complete an ABC (possibility 1) or an ABCDE correction (pink triangle and possibility 2). Right now EOS already completed the 5 impulse wave (purple) of subwave C (green) of wave B (orange). EOS will likely see a drop soon.
If EOS completes an ABC correction (possibility 1), we could look for a long entry from $6.20 to $9.20 (Buy Zone 1). $6.20 is derived from a 0.786 Fibonacci Extension of wave A, and $9.20 is derived from a 0.5 Extension. If EOS completes a ABCDE correction (possibility 2), look for a bounce of the upper resistance line (upper pink line), and buy when reaches the lower support line (Buy Zone 2).
For daring traders, we could open a short position.
Entry: $14.20 - $15.20
Stop: $16.40
Target 1: $10.80
Target 2: $9.20
Short
ETH Day Trade #2ETH just completed wave b with a falling wedge and is about to start wave c. Wave c will likely hit a 0.5 Extension of wave a, which is our target.
Long
XRP on Wave 3 and About to Explode?Before I want to start my analysis, I want to say that this may be dubious wave count. I counted wave 1 as a expanding diagonal, which is not a valid wave count according to Elliott Wave rulebook. However, the expanding diagonal for wave 5 wasn't added to the rule book until recently either. So I thought, if there are expanding diagonals in wave 5, why can't there be expanding diagonals in wave 1 just like the case with leading and ending diagonals. After all, Elliott Wave counting is all about creativity and pattern recognition.
www.wavetrack.com
Anyways, XRP is forming a symmetrical triangle, and if my wave 1 count is correct, then we should see a break out soon once the triangle completes. We use a Fibonacci Extension to get our targets (green lines).
Long
LTC/USD Bullish Bounce on E Wave Bullish pattern on LTC/USD trading pair. I will monitor this closer and have entered a long position. My stop loss is somewhere in red.
First Target: 300$
Second Target: 450$
* I am not a financial advisor. Do not trade based on my TA
Long
MCOBTC following ABCDEMCO at the D position of this correction where it could either make its run to around the 0.00133BTC range and then dip down all the way to the 0.0011BTC range to complete the ABCDE correction, however, it is possible that it just make a minor correction after the D position and impulse up and off the line of support.
M
M
DOGE ready for break-out!It seems like DOGE is currently in its correction phase. I can see an ascending ABCDE triangle forming which should result in new highs.
First short term target = 0.00000125 BTC p/s.
Short
ENTRY POINT - BTCUSD 3H A-B-C-D-E Pattern Entry Point 15m B-H-GThere is a 12K double bottom support level that can be my 1st Take Profit area. I have drawn an ascending trendline that when a Break-Hook_Go pattern on the 15m chart develops I will enter with a triple bottom retest as my TP. Price may continue bearish from there to the "e" point support level as my 2nd Take Profit.
Short
BTCUSD 3H A-B-C-D-E PATTERNPair is creating lower lows and lower highs in an A-B-C-D-E Pattern.
Take Profit is still previous swing low.
Short
AUDUSD 4HPrice is due for a higher low now back to daily weekly support, before another move to the upside
Falling Wedge on VergeWe see a falling wedge on Verge, which happens to be the correction wave after the impulse. That means we should start impulsing soon after the falling wedge breaks.
XLong
BCH ready to EXPLODEBCH is forming a symmetrical triangle, and we are at the very tip of it. That means that correction is almost over! When the wedge formed between August to October, the price exploded afterwards! We are now forming a very similar pattern. There is no reason to think that the same thing wouldn't happen to BCH.
The RSI is showing the same thing. The RSI is forming a bullish falling wedge. Last time we formed a bullish falling wedge, the price skyrocketed. Why won't the same thing happen again?
With Elliott Wave analysis, we see that we are forming a ABCDE correction and are on wave 4. That means we have one more wave to ride, and that wave will bring us to a new all time high!
The journey to $3000 will be a rough one, but remember this is not a swing trade or a day trade. It could take us a couple months. Still, doubling your money isn't bad, right?
BLong
Long
BCH Short to 1400BCH just completed 12345 impulse wave and is experiencing corrections. Wave A (12345 impulse) and B (abcde corrective) are completed and using a 1 to 1 fib extension, we get a target of 1350.
Short
Educational monthly EURUSDHello Traders,
Long-term EURUSD pattern.
I highly appreciate your thoughts on my analysis which I anticipate to be a running flat correction.
Thank you.
Long long term observed EURUSDHello Traders,
Long term long EURUSD
Set R:R accordingly.
I highly honor your reflections on my analysis.
Thank you.
Long
The burgeoning of Silver may soon beginThis correction looks to be coming to an end and we may see a break out
Bullish 3-3-3-3-3 pattern almost completed
Long