An update on XLM/BTC. It looks like a clear breakout from the Double Three structure with price breaking out from the zigzag into an initial five wave impulse of a smaller degree. Let's see how it plays out for confirmation. Please refer to the previous idea I have linked below and follow for further updates. Trade safe, Beyond Edge Disclaimer This is not...
Looking to enter shorts on a pullback retesting confluences: -Ascending TL breakout, retest expected -Respectable descending TL -0.618 fib retracement -Minor area of S&R -MA50 supporting momentum very well My ultimate target is the outlined demand zone (considering how many rejections it shown in the past). Cancel trade if pullback never comes.
All 3 possibilities in one overview. Looks like with today`s action GDR is heading to the shorter sub-C wave completion before it moves up. I would expect a double bottom at 0.45 and 5th wave truncation. The point would be to create a bullish divergence on the Daily. Dont exclude the WXY version yet, we might not see 0.45 again and bottom was done already....
Hello, Traders! After long attempts to pass the resistance level of 18800 $ Bitcoin went into a correction to the support levels. As we can see, the trend's acceleration ceased as a result of breaking the trendline growth from 15800 $, the price fell under the MA100 by 1-hour timeframe and formed a downward trend on the indicator RSI. Now we can distinguish...
Chart says all. Had one of these in 2019. Bulled like crazy afterwards. These waves are brutal trade killers, terrific whipsaw. If this plays out same way as last year, the wriggly worm will slip off the hook at 'Z' and the fish will jump after it...! Short until pivot near 3300 - 3360, then all in long, target 3750 - 3830, based on measured move +560...
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HEY EVERYONE At it once more here's one on the CANADIAN DOLLAR / YEN the pair just spiked with the bulls now showing signs of slowing down in momentum as the pair approaches resistance level 81.554, waiting to watch price on this one as I've set a trigger zone where i'll be watching price before looking for that correction to the down side it possible the pair...
HELLO EVERYONE Another idea this time looking at the EURO / YEN which just spiked with the bull on this one looking at it from the third strike stratergy since well: 1. we where in a down trend. 2. multiple swing lows 3. failed to break resistance structure will be taking this market execution or pending orders targeting correction of this move by the bears the...
My Fellow Crypto Traders, Appreciate you taking the time to view my analysis in which I hope you may find it beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy...
Correlating the moves and the count with GOLD chart, we might are close to the completiton of a big Gartely Pattern (and ABC correction in terms of EW counts). So the red rectangle would be the short are to try to hold for a potential huge move down.
HELLO EVERYONE Here's an idea on the DOLLAR/ TURKISH LIRA which opened with a gap and an aggressive fall with the bears looking for some correction of this move but we'll definitely see continuation to the downside, now the structure aligning with our fib levels is the resistance level 7.96612 which will be our aggressive target going down with the bears for long...
Hello traders! AUDNZD and S&P500 are in positive correlation, not tick by tick, but mostly they are moving together. Even when we see a deviation, they sooner or later somehow catch up each other. Well, after recent mess up and down on S&P500, seems like it remains bullish, it's just in consolidation mode before the uptrend resumes and it can be easily...
Election day is finally here. My wave projections have changed a little, but not for the worst. I previously suspected us to be near the end of a major Grand SuperCycle, but I no longer believe that is the case. I shifted some of my waves around after running multiple tests and found a different mapping of the waves provided for more consistent ratios of wave...
Hello traders! Gold is very interesting asset that will always be on investors watchlist, especially during unstable period like we are facing now, and with QE in full force, I think metals has plenty of room to rise. From a technical point of view we see Gold moving to the downside since August, but the price action is very slow and choppy with overlapping wave...
Hello traders! Today we will talk about Ethereum (ETHUSD), its price action from technical point of view and wave structure from Elliott Wave perspective. Well, BTC is in a massive rise but this is mainly because of BTC.Dominance, which is after a long time, finally back in the game and it can be just the beginning of a new cycle. That's why ALTcoins, such as ETH...
So, we are again in a giant correction and probably we will rest into it untill post elections (middle November?). What i see as possibility now is a slowly drop to 1880 - 1855 area, then from there a rise up to al least 1955. So a strategy atm would be to hold the sells untill 1880 and close them from there to 1860 and then try a buy to 1955.
After an ABCD correction from the recent low, Im now looking for more downside to the 23.00 area to complete the bigger ABCD Pattern from the Oct 12th high. Only risking 25 points is a great R/R.