According to the newest Elliott Wave Analysis of this relatively interesting cryptocurrency is now rallying higher on a high volume, but there is still missing the fifth wave to the downside. When the last wave down is made, then there will be a potential for another leg up, but fore now cautious is advised on the way up.
Initial Wave Counting - FAILED!!! On-going correction, Possible Wave C (Bullish Bias). Currently @ 0.3618 Fib.
Hi followers, look on the daily chart to find my counting for CADJPY. I believe there will be in next time a correction wave.
Hi followers, with the counts of Elliott waves it seems that USDJPY has enough of the correction W-X-Y. Now you have a very good signal to go long with USDJPY. The channel, the w-x-y correction built, reach the bottom and can broke the upper line in the future. Have a good trade!
BTC loves a triangle: EW analysis of BTCUSD pair reveals a candidate bullish contracting triangle. Currently, I have a sell target @ $9500 on approx. 27th March and a subsequent buy target @ $8000 on approx. 3rd April.
Well first two targets got hit pretty well. RSI, Vol, MACD and EMA 55 show us, that we hit the Top of wave 1 and are on a way down to 2. Target of the wave could be between 0.382 and 0.5 Fib Ret. I got my buy-orders stacked between 8000 and 8100. Target see on Chart. Bulls and bears are still fighting on the way down, we might retarced higher and wave 2 might be...
ETH/BTC looks for a correction. I think a correction to 0.065 area is possible before the next run to new high. BTC/USD is still in bearish cloud even if there was a strong rebounce as expected at 9k, so i'll would be prudent about holding ETH in the comings days. As always, it's only my opinion. I'm not a financial advisor.
We appear to be moving in a double three for this 4th wave correction. Looks like it might continue up to ~8300 before turning back down.
5 wave elliott corrective wave triangle formed with volume confirmation for pending breakout. measured flag & pole suggests a move towards $10 it should not be long before the pattern breaks to a new direction.
Giving you an update to our previous bitcoin price prediction, in which we discussed how bitcoin might be entering its fifth ((5) time scale) and final momentum wave down. Looking at the bitcoin price right now, it seems to be that the correction wave 2 has ended, showing us a beautiful zigzag pattern ((a)(b)(c)). Even though timing might be off, the prediction...
Let's take a look at the Bitcoin technical picture at the H4 time frame. The market is about hit the projected target zone for the wave (c) of the wave (2) and now it should bounce form it in order to test the local technical resistance at the level of $9,434. The market conditions are now oversold, so it should help to bounce in the short-term. Nevertheless, if...
This is an alternative scenario: An ascendent flag in a downtrend is usually a bearish pattern. If that is confirmed and the price breaks the flag we could se another impulse and this could complete the ABC correction with support in between fibo 78.6 ans the trendline.
Called a Failed 5th Wave on $LTCUSD about six hours ago via twitter, just trying to plot out where it might tumble down to for some buying opportunities. My guess is the C correction wave will end around $187 range. Green box shows where I'd plan to ladder in a long for a wave up. Should be fun! Note: I am very new and learning. Do not take this as advice or...
The price of LSKUSD is about to complete the three waves corrective cycle around the level of $18 and then an impulsive rebound is expected. The impulsive scenario is valid as long as the supply zone between the levels of $12-$16 is not clearly violated. The projected level for up waves are: - wave 3 - the level of $34 - wave 5 - the level of $40. Please notice,...
The price of BTCUSD has just made five impulsive waves up to the level of $10,900 and now is developing an internal, short-term correction. This corrective cycle should not move below $10,000 zone and after the correction is completed, the market might easily explode upwards towards the level of $12,030, and then towards the level of $13,400. Please notice, the...
Due to the fact that the current downward correction on BTCUSD is quite extensive in time and in the price, I decided to present two potential wave scenarios: Scenario 1 (main): The growth impulse from the level of $ 5,930 ended with three waves and the current correction is a wave 4 of the entire growth impulse. The maximum range of this adjustment is 50%...
The highly anticipated LISK rebranding event has passed away and the question remains: to hodl, to sell, or do nothing? According to the Elliott Wave Principle, the current situation is still in favor of another wave higher, but first, the correction must complete. The first level for the corrective leg dow might have been reached at the level of $23,55 which is...
The attempt to insert an impulsive scenario ended with a hyper bullish growth count. Sequence of 1-2, (1) - (2), (i) - (ii) is a typical, impulsive, strongly upward wave progression, which assumes very rapid increases in wave 3. If this count is correct, then the price should grow very fast in the direction of $ 12,000, and even higher, without making deep...