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Correctionwave

[BTC-USD] DN 14.8%--3/14/18--REBOUND ANALYSIS-INTRADAY (3) DAY!Bitcoin took a short dive, but it should go back up in a few days. This video shows the awesomeness of the zig zag indicator which I use in conjunction with the pivot hl indicator , which are awesome for swing or day traders like myself. It shows the price action probability for the following past days and next day projection. Its really awesome and I like it very much. You don't have to draw trend lines at all. It does it for you on any chart by itself. Really a time saver, and does some quick think for you so you can concentrate on finding the right cryptos to chase after. PS. I am not a long term investor. Especially in this bearish market. I scalp the market and take advantage of small 2-15% corrections as you can see from my video. You have to change your strategy when your in a bearish market. Long term investing right now in crypto will sink you in my opinion! But thats just my subjective opinion. I know there are a lot of investors and holdlers out there and thats fine. The market needs everyone and all types of traders, and investors alike to make it functional with volume and liquidity! If you enjoyed this video give a like and follow my videos, so you can see what coins i trade and how i make profit! Thanks, CrytpoBuzzAnalyst
COINBASE:BTCUSDShort
by CryptoBuzzAnalyst
1
ETHEURHi guys My only concern with ETH at the moment is that the drop in price from the recent highs could count as a 5 wave down. If correct then that could have been the minor count of an A wave, meaning that the B wave is underway which could end soon. If this proves to be correct then the C wave will cause ETH to drop lower than the A wave before ETH actually gets going to the upside again at a later stage. This looks like a classic ZigZag BUT as always this is just my view:) *I used ETHEUR, the same thing is present on the ETHUSD pair. All the best Richard
by CycleForecast
ETH Current Wave 4 Correction and Possible ScenariosETH is currently undergoing wave 4 (correction) that was expected in my previous post. Following this correction, there is a possibility for a 3rd actionary wave (impulse sub-wave 5), which might encounter heavy resistance from the long-term downtrend. The correction is likely complete above the 910 support level (marked by the olive line, 0.5 fib), which is also the beginning of wave 1 territory. There is also a hard resistance line in yellow (0.786 fib), in which going below might yield greater odds of beginning a combo correction (WXY) or maybe cause a continuation of the larger degree downtrend. For now, it is unclear when this correction will be completed and whether or not it will be able to remain above these crucial levels. Possibilities for the types of corrections include but not limited to the following: Truncated ABC correction Double bottom ABC correction Zigzag ABC correction Any horizontal correction pattern or combo corrections
KRAKEN:ETHUSD
by madwarrior
1
Goog short entry after correction movement on the NZDJPY The price of the asset has been trading in a bullish trend since December 2017 creating new higher highs. Last week the suport line that has maintained the price since then has been broken with a bearish movement. So, right now the price is trading a correction movement that I expected to reach the interest red zone (S&R). To then creat a new lower level. This market analysis is just a investment idea, the same shouldn't be taken as a financial counseling without risk envolved. CFD´s are very complex financial products that can result on the loss of most capital invested
Short
by UnknownUnicorn1383471
Almost at topBTCUSDT is forming another bearish divergence with price/RSI as it approaches 7k. Historically, these divergences have led to corrections; if this divergence completely forms, it could start another one here. If it drops before 7k and breaks below this wave's uptrend, I'm thinking it will most likely form another Elliott 3-3-5 flat with extended wave C as it's done in the past. I drew a rough "ABC" correction wave for projection. If uptrend is broken, I consider that a bearish confirmation. My target for re-entry will be around 5.5k with 4.5k as the lowest.
Short
by AngryBoris
BTCUSD shorterm bearShorterm bullish trend is broken. 4th wave is in progress, still is soon take it as a fact, but a triangle is what has to be expected. For now we can see first 2 waves of a correccion A and B. This third waves will defind what kind of correction we are seeing. Wave C can develop in 5 waves, what mean it is part of an ABC correction and would be the las waves of that correction. this doesn't mean 4th wave is complete. Or Wave C can develop in 3 waves what means is part of an ABCDE correction each one of 3 subwaves. Either of both cases take care of 3500/3200 range and 2500/2300 if it goes to the 5 wave option.
BITSTAMP:BTCUSDShort
by soyelsimo
BTC Wyckoff Distribution BTC has now reached the 2.618 extension of wave 1, and is showing bearish RSI divergence on the 4 hour. These two factors make Wyckoff distribution cycle which is currently setting up more probable. If the lows of 5450 break, Bitcoin will likely continue downwards toward 5000, for a .384 retracement retrace of Wave iii. This is a swing trade, which is more or less set and forget. If entering in this range, AL should be set no lower than 5877. The safest bet would be shorting a break of 5450. tp1: 5300 tp2: 5000 Happy trading!
BITFINEX:BTCUSDShort
by Paltsmet
2
Bearish Continuation Flag in completion, plus a longer term viewA classic textbook example of a flag continuation has formed and usually this signals a further downward move in bearish trend. The flag pole is calculated from the last resistance line it broke to the lowest low of the flag. This is shown in yellow, and it hits exactly at the 0.618 fib of the long term trend. Keep in mind that this is only wave I of the long term ABC correction. As you can see, we will make an attempt at our highest high and fail in Wave II. Wave III will be a major bear trend taking us all the way back to the mid 2000s.. I assume after that we will make another attempt at our ATH, possibly hitting the 1.618 level of ~$5700
COINBASE:BTCUSD
by telnemri
GBPUSD - H1 - Elliot WaveWe have seen quite a rally recently on GBPUSD with various fundamental changes spurring the explosive move upwards. Elliot Wave is something I have not really used before but am starting to look into it with more of an interest as it seems to be quite a powerful tool when the time comes. From my basic understanding of it, we might have just completed the 5th leg of this move up on the hourly chart. If so, we could be in for an ABC correction (complex pullback), which given the velocity of the recent rally, could likely be welcome. If we do indeed start to pullback, I would ultimately be looking for a potential reason for a long entry around the 61.8% retracement of the bigger move.
Long
by bmck1