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BTC ... could it be??Hello everyone. Following the Elliott wave count, I am still expecting one more drop (sub-wave 5 of wave C, the capitulation wave). This could also be considered the spring test in Wickhoff Theory (I'm not an expert, but communicate with one that is). It's clear, there are plenty that are expecting a new bottom, and it is also clear the market has gone (bullish) mad with just a $700 rise! We must consider this sentiment. These feelings are forces to be reckoned with, and so neither the bull or the bear will just sit back and allow the other to win. What I'm trying to say is that it's not going to be easy for the bears to get this much lower, as in sub $2900. It's not impossible, and that's easily proven by how deep they were able to take it back in November from $6k to $3k, cutting through all support like nothing. But now we are in a new layer of trader ... as we dig deeper into the price, we deal with stronger Hodlers, people who have dealt with BTC for over one year or longer. They were either smart enough to not get burned in the bear market (the 20%) or they have lost almost everything and don't really care at this stage if it goes down further, they are committed to holding (most of the 80%?). So, I print this potential pattern ... let's see if this triangle wave unfolds. This would be sub-wave 4 ... and then a final sub-wave 5 down to 29XX?? ... or will the bulls hold the line at 31XX ... or will the bears break their spirit and take it to 1300 - 1800 territory? Right now, if I was forced to choose, I'd say 29XX to 31XX will be held. That will be a fairly bullish sign for me and then it would likely only be a matter of time before we (slowly) start our new bull run. Let's analyze this triangle ... it seems we have topped out now. Bears will likely take advantage of that red candle on the daily. Finex longs have closed out drastically, which means the market generally thinks it's the top ... however, there's another point there ... the bears won't be able to stop hunt much, because longs have closed out in droves. I print wave D hitting the bottom of the ichi cloud and finding support. Then wave E tops out about where the ichi cloud twists on March 18th ... the ichi twist has almost always predicted a top or a bottom. The last one a few days back, proved to be a local bottom before we had that nice pump up to $4k. Let's see how this plays out. Remember only a fool relies on one potential outcome. Do not use this information for trading, investment, or financial decisions. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
2
BTC/USD(Breakdown)Impulsive Elliott waves onto 5/5Labelled chartPart of an update on the previous chart that hit it's targets for wave 4.(just had to be posted) To some extent disappointing that wave 4 did not hit the higher variation(6800 0.382), but nevertheless it's time to start labeling wave 5 and it's variations. There's typically 2 variations: 1. 1.62x Wave 1(Target 5450+/-) 2. 2.62x Wave 1(Target 4800+/-) However I cannot dismiss 5000 as a psychological support, which just so it happens to currently sit around the 100 week moving average. As I always say by this point everyone knows whats going on, which makes wave 5's the least trustworthy of all. Now that's been said, I do expect a pull back after wave 5 is over, possible in the range of 7100/ or at least retesting the bottom of the labelled white triangle. The big elephant in the room is that, if by any reason the week closes decisively bellow the 100 week moving average, I'm quite literally expecting a blood bath. WE all know how sensitive the crypto market sadly is. Chances of this happening luckily are very,very low! Please let me know in the comments, if any of the calculations are unclear or how'd I get to them. I'll try to keep this chart updated as much as I can. -Happy trading folks- . . . Disclaimer: //This is not a buy or sell sign, you decide what to do with your own money!// If you liked my take on bitcoin , and/or other markets, comment your thoughts, agree or follow for more interesting analysis, much appreciated, thanks!
BITFINEX:BTCUSDShort
by step_ahead_ofthemarket
1
Foot Locker Set To Take Large Strides Over Next 3-4 MonthsFoot Locker is setting up to fly high over the next 3-4 months before reaching its next top. This top coincides with my projected market top during the October/November timeframe this year. Based on comparative trend analysis and derivative analytics, Foot Locker should reach its next top between August 9 and November 20 of 2018. The top should occur between 62.12 and 68.84. The minimum move to 62.12 from today's close of 51.92 would generate 19.64%. I am expecting the top to occur in early to mid October around 64.41. Unlike some of the other stocks I am following, The 2019 pullback for Foot Locker should not be as drastic as the rest of the market.
FLong
by StockSignaler
EOS ready for a move up?Quick one today everyone. The first wave up went to just above $18, then corrected to just below the 0.786 fibo. The second wave up went to just above $23, and then corrected, currently sitting just below the 0.786 fibo. Is EOS ready for a move up? Using the ratio of peaks (second peak / first peak), the projected target for the third peak is $28 ... but $30 can easily be a level that it gravitates to. On the downside, of course BTC going down will likely cause further EOS correction ... but I do see the $6 range as strong support. Likely the buy zone is $6 to $7 and the we wait it out ... if BTC starts a rally, EOS could do very well. Remember, only a fool relies on one potential outcome! Do not use this information for financial decisions. For educational purposes only.
BITFINEX:EOSUSD
by MAGICMARK
5
Amazon - In an exponential rally. Next target seen at 1,862It should be clear to everyone, that Amazon is in an exponential rise and they even ever ends well (just remember the last one we saw in Bitcoin). The indicators shows a negative divergence relative to the price movement indicating that this rally is loosing strength and the potential upside is becoming limited. The next possible target for wave 5/ of 5 is seen at 1,862, but exponential rallies has a way of exceeding even the most optimistic, so I wouldn't be overly surprised to see an extension closer to 2,177, before wave 5/ of 5 peaks. However, all warning lights has started flashing, so keep your stop tight.
NASDAQ:AMZNLong
by EWS
1
My Next Projection For Pre-Memorial Day S&P 500Wave 3 took off as projected and it appears wave 4 just completed at the end of trading on Tuesday with a perfect 61.8% retracement of wave 3's movement. The next question is where will wave 5 lead? I project wave 5 will occur by the end of this week, which means next week could have some downward movement. Before that drop lets look at the top. My maximum movement could be a 215% extension of Wave 3 which would bring the S&P 500 up to 2780.35. This seems quite extreme and would require 20-30 point moves each day for the next 3. The most likely extension will be 138.2% of wave 3 which would bring the index up to the 2754 mark. My minimal projection would be around 2745. I am positioning for a move between 2745 and 2760 over the next 3 days. Let's see what happens...
SP:SPXLong
by StockSignaler