AN EQUAL MEASURED MOVE IN BITCOIN WITH A PERFECT ABC CORRECTION. WE ARE AWAITING MORE DATA BEFORE ENTERING ANY TRADES. WE ARE, HOWEVER, LOOKING FOR A BULLISH CONTINUATION.
If this is another valid ABC correction that just finished instead of Wave 1,2, and the start of Wave 3 then we should see better prices going forward IMO. Still long my core position but took my trading profits around the top of what may be the completion of Wave C. Of course this is just one person's opinion. Many are still calling for $14K or higher right...
As the global parabolic trend has not yet been broken, we might complete the ABC correction wave and then continue the growth. The growth will be invalidated if the price breaks and holds below 10200. Then I'd expect a longer fall. I would not enter a short right now as the global trend is still positive.
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Just an idea; I'm not sure about this but I expected a LOT more selling, and it's not happening. An ABC countertrend surge may be in progress; if so, we'll have a new ATH this summer. There is NO rational or logical reason for this to occur; therefore I consider it highly likely. IT's exactly what happened in 1929... Fascinating that Fib time projects...
This chart idea updates the previous idea with new Elliott Wave counts to include the recent run from the $8.5k local high (which turned out to be the end of wave 3 instead of wave 5) to the $9.1k high. This would then put the $9.1k high as a truncated 5th wave. It is still possible that we could move higher to complete a 5th wave with a target in the high $9k’s,...
Hello Traders, We can clearly see UsdChf formed double bottom on major support level @ 0.9860 on short term. As per wave analysis this pattern looks like ABC corrective pattern, Already wave A and B are completed. We can expect wave C upside upto the resistance 1.0010 level. My Entry: Side : LONG BUY @0.9894 -- TP @ 1.0010 -- SL @ 0.9840
EurUsd trading under complex corrective pattern for last couple quaters. As per medium term structure also giving high probability to current complex pattern continue for few months. In short term prospective, last week we got some strong momentum upside. This momentum will continue upto 1.1450 level, before that once again price fell to 1.1215 to 1.1200 support...
Hello Traders, USDCAD stuck in between 1.3250 to 1.3550 region almost 3 months. AS per my point view this is corrective structure for this year starting free fall. Short term downtrend will continue to 1.3200 to 1.3155 levels. In this ABC corrective structure wave B gng to complete @ 1.3200 to 1.3155 region, And then we can expect impulse wave C upside.
Hello traders, GBPUSD weakness on MAY month will continue on medium term. In short term we can expect Corrective ABC move on this pair. GBPUSD fell to 1.2630 support level on coming weeks to finish the B wave, From here Buyers push the sterling to 1.2830 to 1.2860 levels. MY ENTRY LEVEL ON COMING WEEKS: SIDE: LONG BUY @ 1.2630 -- SL @ 1.2500 -- TP @ 1.2830
Hello Traders, 2019 might be positive for BITCOIN if price brakes 9500 to 10300 strong resistance zone. In short term prospective BTCUSD consolidates on 8000 level, I am expecting BTCUSD trading on final leg this corrective pattern. 6500 level act as strong support. My entry points on Coming weeks: Side : LONG BUY @ 6500 -- StopLoss @ 5000 -- TakeProfit @ 9500
Hello Traders, Over all around world Equity markets are Gained some percentage in 2019, Nifty also gained nearly 15% from low of this year. But we looking in the medium term pattern Nifty in ABC corrective pattern. This ABC corrective pattern reaches its saturation point as per my point of view. I am looking for 12230 to 12250 level act as strong resistance and...
Price movement to the upside was quite strong and pin formed is small; Timing and location of the pin is very good. First (T1) continuation of (red) sideways is expected and than (T2) possible lower low; could be new ABC move to the downside. Enjoy!
See TLs in chart. Might be setting up for a bear rally like the two spikes we saw in Nov & Dec; or might still head lower to the long-term TL beneath. Appears like the A-B-C pattern may be nearing completion; unless it's another fakeout and we enter a real Wave 3 downtrend... so chancy now. Expected a bit lower but no massive selloff yet; market holding its...
This idea is based on some historical analysis of previous top patterns in addition to some Elliott Wave analysis. One of the things to note is that every major high and subsequent deep correction that has occurred since the 2017 high has exhibited 1) a high, 2) a rapid drop or dragonfly candle that quickly gets bought up, and 3) a subsequent lower high. Only on...
BITFINEX:ETHUSD Weekly Analysis - B'coz Timing is Everything. Potential Bearish Shark Pattern 0.886/1.13 Potential Bearish ABCD 1.27/1.618 Potential Bullish Shark Pattern AC 1.13-1.618 XD 0.886/1.13 Expanded Flat Corrective Wave (ABC) Support and Resistance Levels Moving Averages Fibonacci Retracement Levels This is an adjustment from the...