It appears that Grand Wave 3, the most impulsive wave, has come to a screeching halt -- right on schedule when comparing sub waves within the primary waves, to measure the top of Grandwave above them. Let me know your thoughts and perpectives.
Watching the counts from the struct beginning at the middle March low, and judging from price behavior around the Dyad lines, we could be close to seeing this daily structure top. Will likely see a new high above 10494.8 but may then turn down for a good shorting op... Please see the orange box for definitions on all my cryptic comments! Enjoy!
Here we find ourselves still in limbo mode near the bottom of the structure from early March.
It appears that Bitcoin is creating a bearish ascending triangle structure with a little bit more room to move up. However the global trend is still downward.
The next few days will be critical to see if the the market action turns into a bullish reversal or...
If BTC is truly starting the uptrend after the recent correction, BNB looks like it might have completed the correction, and the following wave 1 of the larger wave (3). Which would mean it is due for a requisite correction (an ABC down likely to .618 fib or lower). After which we can expect a steady climb up towards new all time highs in 2020.
This is my...
My Elliot Count of BNB
So far we are still in a correction looking to complete the final wave 5. I used numbers instead of letters so that it is easier to understand for those not familiar with Elliot count.
The waves seem to fall into place very neatly, the latest bullish momentum appears to be in 3 waves up, waves A and C both have 5 wave sub-counts. Since...
Elliot wave analysis of BAT/USD
Its clear the recent small bull move up was in 3 waves, with a strong RSI bearish divergence on the daily.
This means we are looking for 5 more waves down, likely to retest the height of previous bottom support around .13-.14 cents.
I always liked this Alt, but its not ready for a bullrun just yet based on elliot count.
This is my BTCUSD Wave Count.
My biggest concern is the volume, which does not support this Uptrend.
If prices are in an Uptrend , then volume should increase along with the trend .
When the volume decreases when the prices are rising ,then it indicates bearish signals.
THIS IS NOT AN INVESTMENT ADVICE !
Using the market geometry with pitchforks and combining the wave principles from the Elliot handbook I was able to forecast a possible scenario for the situation in the bitcoin space.
The largest pitchfork is a Schiff style, ranging from the '13 top to '15 low to 20k peek and puts a median line that interacts with the 3rd of the largest 3rd and the...
With the EU getting ready to offer a 'super-charged' free-trade deal to the UK in order to reach a Brexit deal, We could potentially look to long The Cable
We should see GBP/USD pullback to the regions of 1.30557(61.8%)-1.30383(200 EMA) before continuing its onslaught towards the regions of 1.33011(61.8% of 16th APR to 16th AUG Impulse wave)
Hi guys , i managet to get the count out of GBPUSD aswell and it seems like the decline is over on it , i expect a mid-term advance to complete the corrective sequence upwards before another major fall.