"Pulse" of an asset times Fibonacci: ZRX strong at Impulse ReduxZRX is now at Impulse Redux, the ultimate test of strength.
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
This is part my ongoing series to collect examples of my Methodology.
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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.
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want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Fibonacci
Elliott Wave Patterns & Fibonacci Relationships Reference GuideElliott Wave Theory attempts to identify recurring price movements within financial markets and to classify them into a set of meaningful patterns, which can become a reliable tool for future price predictions. The underlying principle is that price-action unfolds via an endless alternation between trending and corrective cycles, while producing this effect on any relative timescale (Fractality) .
Elliott Wave (EW) price patterns are divided into motive waves (i.e. price movements that initiate progress in one direction and therefore create trend) and corrective waves (i.e. price movements that are reactionary in relation to the previous trend-setting move) . Corrective waves essentially attempt to revert or undo the movement that was initiated by the preceding motive wave.
How to use this guide
This EW reference guide provides an idealized drawing for each EW pattern, including a visualization of the most important internal wave size relationships. The images highlight the most common wave retracement and extension targets in red, followed by the next most common targets in orange, followed by the least common targets in grey.
Important Concepts To Remember Before Applying EW Counts
Wave Degrees
Elliott Waves are labeled in different degrees that are nested within each other due to the fractal nature of price movements. Please refer to your Elliott Wave drawing software for the appropriate names and symbols used for each officially defined degree. Alternatively, you may simply label different degrees with different-colored labels on your chart.
Alternation (“expect a difference in the next expression of a similar pattern”) :
EW patterns have the tendency to create alternation within them. This is reflective of nature’s general propensity towards dynamic balance. Following is a list of the main occurrences of alternation:
Alternation of corrective waves:
If wave 2 is sharp (i.e. zigzag or extended zigzag) and deep (i.e. deep in the sense of how much it retraces the preceding wave 1), then wave 4 will most likely going to be sideways (flat, combination, or triangle) and shallow relative to wave 3. The same applies in reverse but is less common. This is because triangles (which only appear during wave 4 inside a motive wave) are considered to be alternating to all other corrective patterns. That means even if wave 2 is a shallow sideways correction, a triangle can still appear in wave 4, but it is less likely.
Alternation also occurs in terms of wave complexity. If a potential bigger complex correction starts out simple at first, then expect complexity to increase during the following parts of the correction (i.e. simple-complex-most complex). The reverse can also apply (i.e. most complex-complex simple) but it is more rare.
Alternation of motive waves :
If wave 1 is short, then wave 3 is likely to be extended, and wave 5 likely to be short again. If wave 1 is extended, then wave 3 and 5 are most likely not extended. If neither wave 1 nor wave 3 is extended, then wave 5 probably will be extended. If wave 3 is extremely long and overstretched, wave is 5 more in danger of being truncated.
Balanced Proportions (“The Right Look”) :
It is important that waves within a 5-wave or 3-wave sequence show reasonably balanced proportions to each other… not just in terms of size/magnitude (which can generally be verified by Fibonacci retracement and extension ratios), but also in terms of time duration . This balancing can occur either via alternation and/or via equality.
Consider the following as an example for ‘balance through alternation’ : an impulse is showing a classic deep and short-lived wave 2, plus a shallow but time-lengthy wave 4. The time-lengthiness of wave 4 is in balance with the depth of wave 2, while the shallowness of wave 4 is in balance with the short-lived nature of wave 2, thereby creating balance through alternation.
The same need for balance applies for any motive waves within a 5-wave sequence (i.e. 1,3, and 5). The exception however will be the potentially extended wave within the sequence. It can/will be much larger in terms of magnitude and time than the other four waves, but the sub-waves (inside the extended wave) must show a balance to each other. The extended wave will also express relatedness to the other waves of the sequence by the angle of the overall price movement (that’s why impulsive motive waves travel quite neatly within parallel channel lines most of the time, even if one of the waves is extended).
Consider the following as an example for ‘balance through equality AND alternation’ . Wave 1 and 5 of an impulse sequence are equal in size and duration (equality), while wave 3 is extended (alternation to waves 1 and 5).
Alarm bells should be going off when a potential wave 4 is starting to grow out of proportion in terms of size and duration relative to the other waves of the same degree.
It is dangerous to disregard the factor of balanced proportions during wave counting. Disproportionate and misshapen patterns should be seriously questioned.
The ‘right look’ may not be evident at all degrees of trend simultaneously, so it is best to focus on the degrees that are the clearest.
"Pulse" of an asset times Fibonacci: XRP at Dual Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
In this example we have two Impulses.
First wave started by Bulls taking Profit .
Second wave is by Bears opening Shorts .
Impulses and Ripples occur in all assets in all time frames.
These are also called "Order Blocks" or "Supply Zones" by others.
The Impulse and its Core help map the resistance area precisely.
This is part my ongoing series to collect examples of my Methodology.
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
The "Pulse" of an asset times Fibonacci: Gold Gallops off 9.618Part of my ongoing study of Fibonacci Extensions and their relevance to all Assets.
The 9.618 is a particularly interesting extension, quite often the ender of Moves.
Confidence in this plot can be measured by the number of EXACT hits on fib ratios.
This is an example from "Chapter 3" of my series (click) .
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
The "Pulse" of an asset times Fibonacci: Yen in Sync AgainUJ is moving with Rhythm again.
Yen moves are driven by risk sentiment.
risk Off means a rise in Yen is eminent.
risk On is for the Yen a clear detriment.
Recent moves have had no rhyme but reason.
Some say it is a matter of month and season.
Others say a fear of the upcoming recesssion.
Recent moves have been hard to link.
But this last wave has been well in sync.
Now the lines are acting as one would think.
This is part my ongoing series to collect examples of my Methodology.
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Ordered Chaos: "each line Poised to Reflect" Gold's Golden PathGold on a Golden Path
Much turmoil in the news feeds.
More rate cuts on the docket.
Many fists flying in protest.
Even with such furious Forces.
Even with such opposite odds.
Haven has such proper precision.
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
4H BTC Waves+ Signal charting, full blindFully blind signal charting followup for Waves+, BTCUSD 4h.
All horizontal lines/signals were plotted with the candlestick chart hidden and not visible. Additionally, this time, all directional trades and exits were determined with the chart hidden.
Additional signal explanation and rationale is detailed in yellow text, annotated on the chart/indicators.
8/10 Trades closed in profit (green checkmark). 2 Trades marked with red X were below 2% profit margin, and are considered a loss unless high leverage is used.
Setup/configuration:
Initial setup with Waves+, DOSC (Derivative Oscillator) with signal line disabled. 1-2 bar delay on signals to provide accurate/realistic demonstration of entries/exits (on bar close).
Waves+ has the LSMA line enabled (dark blue).
Waves+ is a hybrid wavetrend fibbonaci oscillator.
Waves+ components:
Light blue line = Waves line
Dark blue line = LSMA line
Red line = Mmenosyne follower (fib line with medium speed)
Green line = Mmenosyne base (fib line with slow speed)
Shaded yellow zone = Explosion Zone warning (Ehler's Market Thermometer)
Red/green center dots = TTM Squeeze Loose Fire(red), TTM Squeeze Strict Fire (green)
Lower dotted line = 38.2 fib line
Upper dotted line = 61.8 fib line
Lower dashed line = 25 wavetrend limit
Upper dashed line = 75 wavetrend limit
Blue 1/2 height block = suggested TP from short/drop incoming 1-2 bars
Orange 1/2 height block = suggested TP from long
Chart markup:
solid green = buy/long signal
solid red = sell/short signal
dashed red = early sell/short signal
dashed green = early buy/long signal
dashed orange = suggested exit from long signal
dashed blue = suggested exit from short signal
Trades closed in profit/loss, no stops, marked up on chart:
Trade closed in profit = green checkmark
Trade closed at a loss = red X.
Trades that are less than 2% in profit will be considered a loss for scalping unless leverage is used.
Incremental for this blind signal test will be documented below/updated as part of the trade idea/post.
"Pulse" of an asset times Fibonacci: LINK bulls at Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
This is part my ongoing series to collect examples of my Methodology.
.
.
Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Litecoin bullish patternHey Fellas, feel so interesting with last few days trading result which gives me personally a good gains on some of my coins that I hold. The most profitable coins that I am holding is PPT on Binance and of course for you who have followed my channel, you will realize it as well.
And litecoin here is one of many candidates that I would like to share to you. The first indication that I was very interested is the price bounced as soon as it touched the 78.6 fibonacci retracement area which we know it as a significant levels for some instruments in the last 2 or 3 years. The second indication that I believe you will agree with me and it's very hard to argue in my opinion is the price has formed an ascending type of the triangle which usually end up bullish. Broken out of the horizontal resistance zone will be my entry point for long/buy position.
My nearest target absolutely at the golden pocket zone and then we can target the previous swing high as well.
BTC : Trend line and key levelsHello fellas, Let's we start about the analysis podcast about bitcoin which is very important right now. so, sit tight and read this analysis carefully.
This is the weekly chart. And just like the title of this current article, we will discuss about the key levels and trend line on bitcoin. Let's make trend line at the first topic to discuss in this first paragraph. Connecting the high of the December 27th candle and the high of April 8th candle will produce an extended trend line that is now acting as a support trend line. Like what I've always said, even we have broken out of previous resistance trend line, in the future there will be an action to retest again the previous resistance trend line to become a support and vice versa. Currently, we see it clearly occur on current bitcoin's chart. And what's make it more interesting is the trend line is moving align with the golden pocket zone which act as a support too. With those facts above, we clearly see current support trend line is very significant on current bitcoin's movement.
And to anticipate the wick fishing region, I will give the 78.6% fib level as a perfect label for wick fishing region. This is make sense to me, if we see back at 2017 and 2018 which most of the investment instrument had a bounce right after they corrected the major trend at around 78.6% region. Beside it, if we look back at the historical data, we can easily see the $6000 - $5000 region was a really strong support during the 2018 consolidation market.
On every trade, it is important to anticipate the wick fishing region. because there will be a room for liquidation on short or long before it is going to claim the real major trend.
Break out strategy and The alignment on 200 MA dailyHey hey hey, How are you doing all? I hope you are doing great. Just like usual, bitcoin is very interesting to be analyzed as well. This is because bitcoin becomes the benchmark of all coins, it is simply a mother of all coins! So, let's make this analysis interesting!
In this current analysis, I want to give a special highlight to the red dynamic line which is the 200 Moving Average on daily time frame and I want to remind you again of so many times about my 3 phases of break out strategy. we can simply apply this break out strategy on 2 conditions in this chart. The first one is when the price broke down of the support on 50% fib levels and the 2nd one is when the price broke down of the Dynamic support line on 200 MA and current action is the phase 2 of breaking out strategy based on the 200 MA. Does it make sense?
In my opinion, both conditions on above paragraph are relevant to each other well. beside, we could see current region as a bear trap region that want to liquidate most of the shorts and break up of the 200 moving average that is now moving align with the 23.6 MA can be considered as a resistance in short term.
Even if the price can break out of this resistance, I firmly believe the maximum level to reach is at around the 50% fibonacci retracement (and the wick fishing to the golden pocket can be anticipated). The best action for now is to stay idle and wait for the next price to give more confirmation.
On the short term, here is my possible action :
- breaking up of the 200 MA on daily is my long signals and targeting the 50% fib levels at most
- Rejection of the 200 MA on daily is my short signals and targeting the next lower low pattern on around $7200 region.
The "Pulse" of an asset via Fibonacci BTC critical Impulse ReduxHere was a rare example of "Golden Growth", and retracement.
Most Fib expansions are "Linear", such as 2.618, 3.618, 4.618, etc.
BTC had two "Golden" or "Parabolic" waves, 2.618, 4.236, 6.853, etc.
Now we have retraced most of the second parabolic wave.
EW'ers would label this a "Wave 5" retracing to "Wave 4".
If the uptrend is to last, Bulls most hold the "Impulse Core".
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the buyers still there? Enough to absorb the selling power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
This is part my ongoing series to collect examples of my Methodology.
.
Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
BNB doesn't deserve this levelHello fellas, welcome back to our podcast. This will be a very interesting podcast during this week! BNB is having my attention here. a lot of concern and update will be covered here. Let's do it.
Looking at the white trend line, it has been holding the price since August 2017 which means a 2 years trend line! And specifically, the price is coming very close to this trend line right now. Whenever I see the price moves like this and coming close to this trend line, I firmly believe that the price MUST respect this kind of trend line with a bounce.
My above statement is coming align with current pattern that I found on the market, we can easily deduce during the drop recently that the price is forming a bullish falling wedge which will always end up bullish. In my opinion, the APEX of the wedge is near and I believe that we will get the confirmation very soon to enter the long position.
Keep watching boy!
EOS : Sunday's analysis leak from premiumLooking back at the EOS here. And if you remember my previous theory about 3 phases of break out strategy, you will realize that current support action for EOS is at the 2nd phases of break out strategy which is retesting the previous resistance that is now become a support. For now, I will looking for a possible long opportunity which will produce a really nice risk to reward ratio on this potential positions.
Once we see a clear rejection of this support trend line, I will open a long position for it and use the fibonacci levels as target areas.
For more details analysis, watch the video on our youtube One Point Trading
[AU] Mnemosyne v04 Mnemosyne v04
Fibonacci oscillator with Lead-Follower-Base design and optional dynamic Caution Zones.
Adjustable lengths and new defaults for Lead, Follower 1/2, Base
12 Smoothing options available: "SMA", "HMA (Hull)", "EHMA (Exponential Hull)", "EMA", "RMA", "WMA", "DWMA (Double Weighted MA)", "Ahrens MA", "ZLEMA (Zero-Lag Exponential MA)", "LSMA (Least Squares MA)", "JMA (Jurik MA)", "T3 (Tilson MA)"
Shown here from top to bottom: Mnemosyne with SMA, Hull, JMA, LSMA. Each line has an adjustable length and configurable smoothing options available.
4 hours chart perspective.Hello fellas, It has been a slow day lately. But, I am hoping that you are doing great! come and take a look at our bitcoin's update on this saturday.
Currently the price is moving in a consolidation phase after a drop. I really expect the price to break out of the white resistance trend line and test the 38.2 fib retracement level. My hypothesis is the price will forms an inverse head and shoulder first before confirming breaking out to test the previous major support that is now become resistance as well.
At this kind of condition, I really think that there will be a very difficult time for bitcoin to drop more. Because the golden pocket is moving align with the exact previous support that is now become a resistance. watch for the confirmation and let's buy the dip ONLY when the price has shown a broken out structure.
Short term : Should it be a bounce?Hello Fellas, Let's come to the update of bitcoin.
I want to give a highlight on the green trend line. this is the previous trend line that has already broken up and right now the price is trying to test it again to confirm as support. And if we see a correlation between this trend line and the fibonacci extention 1.1 level, it almost moving align with it. And the cross point between to highlighted region is slightly below the 200 MA which make things more interesting.
If we are talking about the breaking down of the 200 MA, Current daily candle hasn't closed yet. That's why today and tomorrow will be very crucial for the next possible move for bitcoin. However, in lower time frame, I haven't seen any confirmation of bounce just yet, making me to stay idle and just enjoying my yesterday's profit on SKY and LSK.
"Pulse" of an asset times Fibonacci: GU Picture Perfect Fib WaveOrdered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity.
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
.
.
want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
How to Draw Important BTC Price Action Levels I like to draw important price action levels on charts to look for reactions. These include:
Yearly Open
Monthly Open
Weekly Open
Weekly High Low Confluence
Major Fibonacci Retracements
BTC CME Gaps (use BTC1! daily chart)
Support Resistance zones
Keep in mind that I'm more concerned with the area than the specific price. I tend to wait to see a reaction before trading a level. I put more value on yearly and monthly over weekly and more value on fibs over weekly levels. Recent price action has more value if we get a reaction. This may or may not apply to you depending on your style.
You may find this useful even if you don't trade price action as it can still be a good area to take long term trades.
Good luck everyone!
Faaalling Bitcoin? Cup and Handle + Volume AnalysisThis is a daily chart for BTCUSD on Bitstamp.
The most obvious thing I want to highlight is the battle at the 0.382 Fib level.
It is very very common for an asset to have a few checks and tests off of 0.382.
And BTC is no exception.
For the past few months, we've witnessed a battle between Bulls V Bears at 0.382.
Now, bull and bear volume has been declining. Who will take over?
It seems like the technical bearish pattern Cup and Handle has surfaced.
The Cup and Handle target is projected downward,
equal to the distance between the neckline and the highest point of the Cup and Handle.
This projection takes us right around the 0.618 and 0.786 levels.
These levels are very common to show reversals .
And around this level, the price is around $6K.
Funny, this is around double the last bottom ($3.1K).
Why am I bringing this up? Remember, if you consider Bitcoin
as a commodity, then you must remember that a commodity's price will gravitate to its cost of production over time .
With difficulty increasing, we know that CoP will increase over time, and that BTC will have higher bottoms , at least for the short to medium term.
So, it makes sense for BTC to follow this Cup and Handle projection.
But remember, the market can do any damn thing it wants; we'll just have to wait and see ;)