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Impulsewave

ADA Off To the RacesSo, Last time I had projected a bottom of our Wave 4 Correction at the 0.382 Fibb, well we're so boolish we didn't even make it there!! Remember this only happens around 15% of the time. So now we are targeting the top of Wave 5 and the completion of our 5 Impulse Wave Structure. I don't quite have a Subwave count yet because there isn't enough data. If you say "wait but i see 5 waves up already!," Well, you're wrong. Don't forget that Wave 4 cannot retrace into Wave 1 territory, and if that little structure were to be 5 waves it would violate a primary rule of Elliot Wave Theory. Targeting the 3.618 Fibonacci Extension of Waves 1 and 2 for Wave 5 since Wave 3 came extremely close to hitting the 2.618. Which would make 3.618 a 1-1 of Wave 1. Which is extremely common when Wave 3 is the longest. Target for Wave 5 is 0.00004460 BTC I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!!
ALong
by x28Jakke
BTC ... Back to the Future!Well, well ... the bulls are sure having a good time. 9400, wow! And it seems that it's holding up. I've displayed two potential scenarios unfolding, as per my chart published yesterday. The big difference is that I am guessing the probability that this is an impulse being higher now, rather than a triangle wave. The red wave shown is a running flat ABC correction which would have completed at the 6500ish mark. This is then followed by an impulse up, of which we are in wave 1 (of 5). The orange wave shown is a triangle wave, and we are currently completing wave D of that. Both I believe are plausible. But as we move farther away from the All Time High Trend Line, I would suppose that the odds of this being a triangle wave fall away too. No doubt breaking 9177 means something important. It shows the bulls have strength ... enough to surpass the All Time High Trend Line, and the most recent price peak of 9177. Going to 9400 and recovering nicely after some profit taking (200 points), again is a good sign. I still remain skeptical though ... when do the large traders see this as a good shorting opportunity, and turn against the market? In my mind, that is what decides when this uptrend is broken. The big players will decide. As more and more people look to long, it becomes more and more tempting to short! I certainly see pro traders calling for a drop soon, but I also know they've been wrong for the past 2 weeks! The ones I respect admit they made a mistake, that's okay ... and I would call it a strategy that didn't play out, not a mistake! Having a strategy and using stops to limit losses is part of the smart game, in my humble opinion. Still, do we sit and wait? Watching BTC climb, missing out on all those potential profits? Well, I'm not. I have my orders in and will wait to see if they fill. If they do fill, I will have a tight stop, to protect me in case of a reversal. The potential does exist to go all the way up to 11,700 (but we have some major resistance levels to get through first!). I'll keep raising my stop until I'm kicked out ... assuming someone sells me coins at my asking price! Remember only a fool relies on one potential outcome! Do not use for investment/trading decisions. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
3
BTC, Back to the Drawing Board!OK, I've been reading up a little, trying to make sense of the downtrend since Dec 2017, as well as the recent rally. I admit I sold out to early, getting excited about 40% profits, and thinking a reverse is around the corner. I guess it's better to be safe than sorry, but I could have made another 30% on some alts ... oh well, no point looking in the rear view mirror. I've decided to revisit the grand scheme, and simplify things a bit. Here's what I think. Based on Elliot wave theory, two grand schemes make sense right now, if we are to observe the rules! The first is we had a running flat ABC correction that ended at 6500, and now we begin another impulse up (and we are in wave 1 of the impulse), see RED wave. The second is we are in the D wave of a triangle wave, see ORANGE wave. I just cannot see us ignoring this current uptrend and averaging it into wave C of an ABC correction. So although I remain bearish in the short term, I do think that would mean we are in a triangle wave and 6700ish is the bottom. Look, obviously, no guarantees, but I'm slowly letting go of a 5k or 5.4k possibility. Maybe 6k is my worst case bottom right now, but 6700 is the highest probability. BTC 0.92%has been trying to crack 9177 many times over the past few days, and failed. Surprisingly, it hasn't reverse yet. At some stage, whether this is wave 1 of an impulse up, or wave D of a triangle wave ... it has to reverse. 9177 seems to be giving BTC 0.92%some trouble, so I'm still planning on a reversal with a 6700ish bottom. Either way ... we have to be prepared. If we do go above 9177, still no guarantees, but it starts to drop the probability that this is a triangle wave, and that we are likely in an impulse up. The question then is, how far up will wave 1 go ... again it has to reverse at some point ... so how the heck can we play this? The one way I know how to play this is to wait, and have confirmation. We need to see the reversal, and see the bottom of that reversal. That in both of the scenarios I have discussed (triangle or impulse wave) will be the likely lowest prices we see for some time. No doubt more potential investors are now looking more closely at BTC 0.92%, and some asking is it time to long ... it's easy to get a sense that the market is changing. I know some are still waiting for 4k (or lower), and by no means am I dismissing that. But again, right now, based on what I see, the odds are low. So here's my game ... by in ALTS if it goes above 9200, and make sure I put in tight stop losses in case it reverses. In fact I'll probably put in a trailing stop to try and time the sell off. If it fails here, look for an opportunity to short, with a view to take profits starting at 7200, 7000 then all out at 6800 (in case it reverses early). Then buy into ALTS at lower prices ... when I have some confirmation we have reached bottom. Start staggering bids at 6700ish, with tight stops, in case things go more south than I expect. Remember only a fool relies on one possible outcome. Do not rely on this information for investment decisions. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
7
PPTBTC a start of impulse growthPopulous is a very interesting coin we bought it at its ICO and made a huge profit in the end of January. The coin went down after a sharp rise and now found its support. There was a possible H&S formation however it was broken and now it all seems like a start of an impulse growth. However indicators show a possibility of consolidation before it. But around specified in the signal zone and sell right at the targets in order to get profit from price movement waves.
PLong
by Skyrexio
Possible Impulse Wave (3)This is an update for my previous post here: In case wave (2) has been completed and has since moved on to wave (3), here are some areas of resistance for the potential impulse wave. If BTC goes below the 7720 levels, then consider that wave (2) has not fully completed yet or that there is an impulse wave failure. A bearish scenario also remains if BTC goes below the 7240 levels, which was the wave ((2)) low. Please ignore the arbitrary positions of the floating (3), (4), and (5) as they don't represent any price targets.
BITFINEX:BTCUSDLong
by madwarrior
Crack the BTC code!Patterns, we look for them all the time, to give us a hint at the future! Friends, I know this chart is busy, and I was in two minds about publishing it, but read it closely and you will get what I'm saying. There's a school of thought that we are currently in Grand Wave 5 (see red impulse wave), and this is the basis of my first idea published "Fork in the Road". Another possible interpretation is an impulse wave, followed by an ABC correction, and now either a triangle wave (as published in my idea "180 degrees in a Triangle) or another impulse down. No matter which way you look at it, the current wave is either a triangle wave or an impulse wave (yes an ABC correction is possible too, but I'd say unlikely if we test 6k again). We've already broken the lower trend line of the triangle wave, which I had at 7540 ... but with market dynamics, I'll forgive being off by 100 points ... so I'm not ready to write it off. However, no doubt if we hit the previous low of 7240 on Bitfinex, or lower, it validates Grand Wave 5, and I wouldn't be surprised if we hit 6k again in weeks to come. Obviously there's no guarantees, and only a fool would bet on a single option. As usual, do not use this for investment decisions, just for educational purposes.
BITFINEX:BTCUSD
by MAGICMARK
UPDATE - THE BRIGHT FUTURE FOR LITECOINHi guys, I bring you some light in that bearish day. I made a day-chart analysis for the long-term on LTCUSD and now I share with you an update to understand what's happening. Bears are here and that's completely normal, if we trust in the completion of the ABCDE Elliot wave forming since December. However, there is also another possibility, as we had an impulsive during the uptrend of December, it could simply be an ABC correction wave. If LTCUSD breaks the $142 support of the symmetrical triangle and reaches $135 easily, ABC correction wave could be more credible. Otherwise, if we don't break that triangle support, but the $155-$160 wedge upper support within next days, $180 could be reached for the early of April. Be patient and trade carefully ! Agree, comment and follow, Have a great week ahead ;)
BITFINEX:LTCUSD
by HatrekoS
11
Elliott Wave Analysis | Possible BottomsThis EW count suggests a possible sub-wave iv bounce before possibly heading down on sub-wave v to complete the 5-3-5 ABC correction of the larger degree. As long as we stay above the wave (1) low, there may be an uptrend following this correction. However, if we retrace below this level then this would signal the continuation of the bearish trend. Fibonacci retracement levels for sub-wave iv are shown in green. If we manage to break above the wave i territory, then this would be a bullish signal. Fibonacci extension levels for wave (C) are shown in the light red. Fibonacci retracement levels for the larger degree ABC correction are shown in red, which could also be the low for wave (C). A retracement past the 100% level would signal the continuation of the bearish trend, as mentioned above. This is just an idea and not financial advice.
BITFINEX:BTCUSD
by madwarrior
Waves 101: Basic wave characteristicsHi all, I would like you all to have a basic understanding of how waves (Elliot Waves essentially) feel like. Impulse waves (the 1, 3 and 5 you hear of quite often) are generally easier to "feel". See the chart for example. The fall from 11.7k to 8.3k was pretty easy to detect as a downtrend. There is little scope of confusion during these waves. Corrective waves on the other hand (the 2 and 4 waves and well, many different forms. Mind it, they are not just simple ABC waves as commonly believed) are pretty complex. They are generally combinations of different types of waves and create confusion of bullish/bearish nature on shorter tf. Here for example, we have been correction the impulse wave down and if you are active on the chat, you will see sentiment swing every few hours owing to the complex nature of the wave. Note: the impulse wave down can even be a part of corrective wave of a higher degree. Don't get confused here, just want everyone to know how to detect these waves.
BITFINEX:BTCUSDEducation
by RyanPal
Impulse Wave | Correction Wave (2) Low | Trade IdeaWe might have an impulse wave forming here, where waves (1) and (2) have been completed. Wave (2) correction has bounced off the "golden pocket" fib retracement, where a long position is entered. Strategy: Buy the correction wave (2) low, and ride wave (3) to about a 1:1 fib extension of wave (1). Once target has been met, a trailing stop loss may allow larger gains. This trade idea is cancelled if the price corrects below wave (1)'s low. Long position details: Time-frame - 10 hours to several days Risk/reward ratio - around 4 Entry - Watch for reversal near the 0.65 fib retracement (in yellow) or lower while using laddered buys Stop loss - below longterm uptrend, below 0.786 fib retracement or lower when using laddered buys Target 1 - 100% Fib Extension (conservative) Target 2 - 168% Fib Extension (aggressive) or implement a trailing stop loss after the first Target has been reached This is simply a trading idea and not actual financial advice. Remember to trade safe!
BITFINEX:ETHUSDLong
by madwarrior
Impulse Wave | Buy the Breakout IdeaThere is a possible impulse wave in progress. The 21 EMA is approaching a crossover with the 55 EMA. Let's see if price pierces the 100 EMA, which will become a support if successful. Strategy: Buy breakout of wave (1), then ride wave (3). Once target has been reached, a trailing stop loss may provide greater returns. Long position details: Time-frame - 10 hours to a couple days Risk/reward ratio - around 2. Entry - slightly above wave (1) Stop loss - slightly below 100 EMA Target 1 - 100% Fib Extension (slightly below resistance line) Target 2 - 168% Fib Extension or trailing stop loss after Target 1 Other possibility where downtrend continues below the wave (1) low, but will have to break the long-term uptrend again in order to do so. This post is an idea and not financial advice. Remember to trade safe!
BITFINEX:ETHUSDLong
by madwarrior
3
ETH Current Wave 4 Correction and Possible ScenariosETH is currently undergoing wave 4 (correction) that was expected in my previous post. Following this correction, there is a possibility for a 3rd actionary wave (impulse sub-wave 5), which might encounter heavy resistance from the long-term downtrend. The correction is likely complete above the 910 support level (marked by the olive line, 0.5 fib), which is also the beginning of wave 1 territory. There is also a hard resistance line in yellow (0.786 fib), in which going below might yield greater odds of beginning a combo correction (WXY) or maybe cause a continuation of the larger degree downtrend. For now, it is unclear when this correction will be completed and whether or not it will be able to remain above these crucial levels. Possibilities for the types of corrections include but not limited to the following: Truncated ABC correction Double bottom ABC correction Zigzag ABC correction Any horizontal correction pattern or combo corrections
KRAKEN:ETHUSD
by madwarrior
1
ETH Elliott Wave Analysis | Liftoff in progress? We have a plausible wave count that shows signs of a possible completion of the larger degree correction, and sub-waves 1 and 2 of a larger degree impulse wave. The sub-waves consist of an impulse wave and a horizontal correction (triangle pattern). We are currently inside an impulse wave, shown in the light gray, where the wave count is not confirmed yet. There is likely to be a correction wave coming up once the impulse wave is complete, but as long as it doesn't retrace more than 100% of wave 1 (which is around 822 levels), then the wave count will remain valid as well as the uptrend. In the case that the upcoming correction does drop below this level, then a Elliott Double Combo wave (WXY) might form where ETH might retry for an impulse wave, or in the more extreme case, cause the continuation of a larger degree downtrend.
KRAKEN:ETHUSD
by madwarrior
Verge trade for next impulse(300-400% profit potentiality)According to coinmarketcap data, there are 1476 coins/tokens involve in the crypto market. almost 90% coin/token is fake. they don't have any value or real purpose. only around 150-200 coin/tokens are good for investors. But blockchain is a revolutionary technology. So when you would like to invest money in crypto market definitely you need to do some research. I will post my analysis on which one has value. Verge is one of them. I am looking now next impulsive move.
XLong
by No-trading
12