Multitimeframe analysis (3-3-5) complete now a lower timeframe (3-3-5) 5 WAVE DOWN
The clean wave count from the monthly timeframe, Currently on a weekly retracement which happens to be a 3 wave triangle (ABCDE) Daily wave internal structure 4 HOUR ABC 4 HOUR ABC = Impluse 5 wave hourly, a 3 wave correction, and a final 5 wave impulse move.
Wave C trendline broken to confirm final piece of reversal confirmation.
DAILY Daily 5 Impulse wave up completed. Currently in a 3 wave corrective move down on the Daily timeframe. HOURLY Wave currently trading likely to be a (3-3-3-3-3) hourly move down in the same manner that wave A moved. NOTE Wave c termination likely to be 147.830 which is 0.38 retracement zone and 145.214 which is 0.5 retracement zone
US30 is moving beautifully with Elliot Wave Theory so far this week. Here we see a correction after the W3 impulse then bottoming out to complete the W4 structure. Now we're starting to form a really nice sub wave within the last impulse wave on the higher time frame(W5). The sub wave (1) shot up then came down to create sub wave (2), which rejected the 61.8% fib...
I am watching LTC here, I like the wave count. Litecoin has very nice cycles, Kinda like DOGE/BTC but slightly different. I like cycles, Market cycles, Elliott wave cycles, Planetary cycles, etc. I think we have more upside for this coin, Major support is quite strong. Major resistance looks like it can easily be broken. Stay profitable - Dalin
Ethereum Elliott Wave Analysis Eth has another leg lower as Wave v) of C, probably into the 1500 to 1300 price zone.
Will the bear flag, spotted on the longer time frames, roll out near 15k? (rough 15k target derived by measuring the first move down) Will global changes, and specific government monetary policies changing to include BTC, have a lasting positive impact on price? Aside from the wave count question on the chart, the price is fading at resistance, how strong is that...
Currently we are in the (b) of B of (4) wave in an impulsive move that show us the gold will go up next years, but for now we will have an impulsive wave (c) after the correction formation. It is a position that will be held a couple of days.
subminuette wave v closed we are running minuette wave (iii) of minute ((c)) critical price area 1.2100 (PP - fib 0.382) - 1.2118 (fib 0,618) - 1.2068 daily close ALT: subminuette iii of minuette (c) daily volatility range 1.2033 - 1.2120
My previous analysis about BTC exactly happened. ABC has completed and its ready to finish the zigzag . There is slight possibility that ABC hasn't finished and it might rise above the invalidation point so trade with money management and put your ST above invalidation point. BE AWARE If BTC falls, most of the altcoins will fall too.
Multi timeframe waves terminating around 69k. ABC retracement of 50% comes in at 42k (red)
#BTCUSD wave count suggests that $BTC is in the fifth and final wave (Blue) of a bullish impulse. The most likely target for the top of the move is found between $69000-$74500. The sub-wave count is shown in orange. A decrease below the sub-wave two low at $42,300 would invalidate this particular wave count and indicate that $BTC is correcting instead.
My elliott wave analysis suggest that we are in wave 4 correction wave so i will be looking to buy wave C of 4 then look to short for the final wave 5 to complete correction wave circle.
These three ABC waves can be part of wave A correction
Moon Count, could be wrong. Just speculation. Do not long the farm. Not financial advice.
AUDNZD WAVE CORRECTION Market Buy Order Set Up. Buy Entry: (1.06100) Min Take-Profit: (1.06655) Max Take-Profit: (1.07192) Stop-Loss: (1.05642) Max Risk-Reward: (2.38) Smash a Like button and leave a Comment, I appreciate every support. Goodluck.