wave c of ellliot going too complete
but we have little uptrend and then chart goig to down trend moves until wave c complete
after a little up trend we have falling trend but we have to wait until candles pull back the white support just like the blue arrow and then SELL
wave C: logical wave c can fall on 1782.632(blue horizontall trend) after that...
All the technicals we've discussed in the previous week's posts are now coming together beautifully.
We're approaching the last 5th wave of the 5-3-5 zigzag correction, which ultimate target also perfectly aligns with the C-wave. We're talking about a prospect bottom at around $43,000-43,500, give or take. What further supports this is that Bitcoin hasn't had...
Bitcoin is looking overall weak and done so over the last few weeks as it constantly seems to struggle with overcoming the resistance levels above.
It is currently forming a bearish continuation triangle. If Bitcoin breaks out to the downside, which has a 70% chance of happening, then the technical target for this formation alone stands at $50,500. This does,...
To further clarify the previous post, Bitcoin seems to be in the midst of establishing its C-wave correction. This Elliott move comes to life in the shape of a zig-zag as the 4th of the A-wave is in the shape of a triangle, which is a textbook characteristic.
Bitcoin is flirting with the ever so thinning EMA ribbons.
A break below could amount to a C-wave correction. In such case, $42-45 000 is to be expected.
If, on the other hand, BTC manages to find its way above $61,000 a new ATH is in play.
Long Life Trading (Youtube and Twitter)
We are going above than expected in the last idea (linked below), but i still think that we are in a Wave (C) before of a new low (to 1640 - 20 area), according with my counts.
Precisely, it looks to me that we stay inside the last 5th wave of a "zigzag" ABC (5-3-5) where the first 5 (the relative A) are a w-x-y-x-z.
I stay convicted that we are into a big...
On EURJPY, price has invalidated our previous analysis by almost reaching the top of the A-corrective wave, so here are our 2 possible scenarios:
1. Up then Down: Price can reach the resistance (130) then dive downward and break the down trendline.
2. Wave Respect: Price can still validate our previous analysis if the A-wave isn't reached by the B-wave and...
Kiwi trading at the top of the monthly range and starting to show signs of decline.
Coronavirus risks keep weighing on the market’s trading sentiment.
Further downside could be restricted by a 200-HMA level of 0.6005.
C WAVE indicator showing short trend forming on the 12 hour timeframe.