If my wave counts are correct, we are finishing up subwave 3 of the a-correction wave. I've adjusted the target of "a" down further since this wave 3 extended further than I predicted. But either way, this is a good looking correction wave. We should bounce back up to the resistance rectangle 78XX for subwave 4 before hitting the 7250 target of wave "a". Than the...
Testing out a different strategy. Keeping an eye on this over the next day or so to see if my understanding needs a tweak. Continued Downtrend w/ Multiple instances of correction wedges indicating the continuation of trend. News in the coming days could affect how this plays out
Well, after couple of busy weeks, I'm happy that I'm back! Seems as if seasonality is kicking in, and my previous bearish btc prediction may kick in even earlier than what I initially anticipated (in autumn, not the summer, but here we go!). Both of the charts are in great detail, so there isn't much to say. It's a very basic yet effective approach (do not like...
Hi, Followers and Friends, Moving Water has spotted a correction on the bearish trend for BTCUSD. For the First Time, Moving Water is releasing a (Short Term) Long Signal for BTCUSD. Price of #BTCUSDT could go up to $ 6.900. Let's see if the Moving Water can spot (Short Term) - BTC LONG TRADE. Set your stop loss at a value that you feel safe and that you...
Currency pair USDCHF 1D Screenshot Working on correction Time Frame: 4H Factors: OB pattern, 1.00444 resistance major level Entry 1.0024 Stop Loss 1.00459 Target 0.99802
At the Chart we see a intermediate waves on the Weekly chart, where the price clearly have a bullish uptrend, after a range from 2015 to 2017. the price had strong momentum from wave (0) to (3) where wave (5) have had a decrease in the momentum and ending it with a symmetric triangle, that is followed by a strong break and down movement. the price have produced a...
The price is at a support level, if this level breaks, than i see the price move further to 1.52490 before further upside. if price manage to break the 1.52490 area, than the price could go further down to test the 1.49960 level. this will also be a trigger for a new analysis as the (4) wave will go below the ending of wave (1) The price is also in a trend...
Since May 1st Bitcoin Cash started a breakout that is about 32% so far, which is nice. But not nearly as great as the last breakout of April 17th, which was about 109%.. The last one would have doubled your money in just a few days! This breakout is weak and is loosing steam showing DIVERGENCE and signs of negative volume! I was at first confused for a moment...
Here's what I think will happen. All the fib retracement levels seem to line up perfectly. The 1400 EMA seems to be going in line with the 1.618 fib level. All in all, everything lines up correctly and points to this scenario happening. Let's see how it plays out. remember, Patience is paramount! Good luck!
Oh gosh! I am just shocked at how the FOMO in BTC and other crypto's like Bitcoin Cash is setting in and responding. What I love is the HUGE INCOMING TOTAL VOLUME that is happening in total right now. Not just in BTC. Its freakin KRAZY! yes with a dam K! Lol.. Well, to sum it all up, we have had 86.4 BILLION arrive in just 9 days! YES 9 DAYS ONLY! Are we...
The price have been in a uptrend previously, that is followed up by correctional waves. The correctional waves have been in a strong downwards momentum with low momentum for the consolidation areas followed up by a strong retracement momentum. the price have resistance at 1.28025. while a break can drive the price to 1.28670 which is also 0.707 on fibonacci drawn...
UPDATED VERSION OF THE CHART FROM APRIL 15. there have been a strong gain in the NZDJPY last couple of weeks and i therefor see that the trend have turned from a longterm bearish trend to a bullish trend. i am awaiting further confirmation before a long entry is placed. The confirmation levels will be 77.044. if the price breaks this level, we could see the...
We are at the very top of a growth cycle which is "NOT " Organic and being manipulated by HFT and Large Whales! This is not sustainable by the regular investors or traders. Investors/traders beware of the bull trap which I see! I will wait for the price correction and would rather be safe than sorry! PS. Their is too much TA garbage out there speculating in...
Correction after Elliott wave structure, will it stop at 0.5 fib level or go through the support down to golden ratio? I think 0.5 level is a good buy position. "NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
The beauty of this chart is almost to perfection. For BTC to maintain it's symmetrical triangle and complete it's ABC correction wave, it must bounce up to begin wave D. If not and we break support, look for 6000USD and maybe even 4800 USD in the mid-run. Let's see where price action takes us to this evening.
Hi guys, I bring you some light in that bearish day. I made a day-chart analysis for the long-term on LTCUSD and now I share with you an update to understand what's happening. Bears are here and that's completely normal, if we trust in the completion of the ABCDE Elliot wave forming since December. However, there is also another possibility, as we had an...
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...
After completing a ABC correction from its All time High on the daily chart ...and having small rally from there...it looks like the whole market is heading towards at least another correction... one the ABCDE, once price approaches or even breaches E I would go short on any pop... TIme frame is hard to tell, but March is looking tough for the stock market as...