First, I have to say sorry for the busy chart (BTCUSDT) , but my chart needed these lines . Please spend a few minutes on it.🙏 Location : BTC is on Corrective Structure ( Zig zag 5-3-5 ) for about 51 days (From 64795$ until LIVE price) and I think that this correction will take more time from us (maybe 2 months , just prediction ). My idea :...
Primary idea is that LTC is currently in a D wave of a contracting triangle. A:C = 1:0.618 (perfect reaction) If this is to be a "textbook" example of a contracting triangle, the following should happen: - D wave should complete at 0.618 of B wave (B:D = 1:0.618... +10% from now, 155-156$ area) - There is some market structure that could provide resistance...
Background: Triangles are sideways price action and a contracting triangle can be described as the top line (B to D) is declining and the bottom line (A to C to E) is rising. The corrective structure is labeled as ABCDE. Commentary: Yesterday, we posted that we appeared to be in Wave E of a contracting triangle on the minor degree, which would be...
Very Closer Look of Daily chart. Looking from Left to Right, 1 to 5 motive move and correction move has completed. And, again new cycle has been started which has completed motive cycle ultimately. A-B-C or 1 to 5 sub-wave of Ending Diagonal for 5 Wave. If you don't know about Elliott Wave, then comment in section. I will write here basic....
Hello Traders! I have planned a long term strategy for BAT. We have a contracting triangle, and we might be completing the E-wave (according to Elliot wave triangles), and is exactly at point E, where I will buy to make maximum profits. The area to buy is indicated with the green rectangle . Another safer strategy, is to buy exactly at the break out of the...
Hello Traders! I have planned a long term strategy for BAT. We have a contracting triangle, and we might be completing the E-wave (according to Elliot wave triangles), and is exactly at point E , where I will buy to make maximum profits. The area to buy is indicated with the green rectangle. Another safer strategy, is to buy exactly at the break out of the...
Could the recent divergence between gold and silver be explained by a contracting versus expanding terminal triangles?? Gold tracing out a intermediate term top here? Printing $Trillions while gold price collapses?/?
Looking for a buy overall on this pair. I've added notes to the chart on my analysis.
0.62590 respected the 61.8 Fib extention. Thoughts?
USDINR is on the final wave on weekly chart. Should wait for the breakout for shorting. On long time view expecting to fall down. anyway we have time for this to happen.
We may have a possible contracting triangle scenario if price drops from 1.3310. Price is still on the trajectory to reach the TP projection of the Garltey pattern @ 1.3415. A clear uptrend and with clear structure formation. Wait for confirmation before looking for any buy setups.
BTC is forming a contracting\symmetrical triangle with the momentum on the downside (more likely) As per chart, the target area is the height of the triangle matches the next level support. It would be important to keep an eye out on the RSI level. A Bearish Divergence will also help confirm. Finer details as the chart progresses
Follow up video to previous post
Got it wrong...going down? This ones giving mix signals. If this is the case, we are in a BEAR MARKET again. Maybe it will do a double bottom but unlikely.
Ignore as its not complete as I'm continuing the series of play with the tool. ** However I'm giving insight to a CONTRACTING or SYMMETRICAL Triangle at play ** Hope I get it right. :)
possible scenario for BTCUSD it's a downward pattern and can take some time, around Aug i think downward will begin do not forget in long-term, BTC is in uptrend. so this is just a correction and then new uptrend rally will come again... mid_term analysis for BTC join to our free telegram channel for invite link just let me know
it's a contracting triangle pattern. wait until the the end of wave "e" to buy in deep. don't forget about SL : 14.00 $
Gold is currently rising... But there is no denying that once it reaches the top of the corrective contracting triangle channel ($1,330) and rebounds from it, it could break the bottom edge. As it happened in 1996.