This technical is my oppinion according to Elliott Wave. After 1st wave finish, it goes to Zigzag Correction before continue to 3rd wave. At the 2nd wave wait for buy signal maybe RSI Overbought, or Bullish Divergence, or Candle Stick Rejection
As BTC's 3rd wave ended this month @67000, Now its time for correction for its 4th wave
this may be sharp and swift (alternative to 2nd wave FLAT correction).
The minimum time for this will be one year from now .
set up your trade accordingly. when trend is bearish, Never attempt to buy for pull backs trades.
Use Elliot wave analysis, Find wave ''C'' and Go...
Just an idea. Every correction has been a zig-zag since 2015.
Last year the zag came in late October. Cycle this year seems to lag a week behind. Time bars suggest this rally maybe near end move.
Not saying that gap at 360 will fill, just that it might fill, it's a price magnet TBS. Price could consolidate and pivot again anywhere between.
Some kind of pullback...
Every correction since 2015 has zig-zagged. Going again? IDK, but eerily close to dates, peaked on 12, sold to 28 Oct 2020.
This one is running a week behind, looks like we peaked 10/21; to confirm on Fri 10/22, ERs tanking FB, SNAP, INTC techs overnight;
if double top is in, might expect weakness until ~5 Nov, if the zigzag pattern repeats. Bull trap?!
TRADE TYPE: Simple trade using the concept of parabolic corrections and zigzags. TIMELINE: 1-10 days. Look for double bottom at the end of zigzag to confirm end of correction and reversal to the long side.
Hi, We saw an amazing dump yesterday, I expected this movement from before, and finally, it happened. what will happen for Bitcoin ?
for answering the question, I decided to update the road map that I published on Aug 14 , the topic was '' Bitcoin Analyze (Road Map) !!!🗺️''.
Bitcoin Analyze ( BTCUSDT ) Timeframe 8h ⏰
Location 🌊: Bitcoin's Correction ...
We had two zig-zags, in Sep/Oct and Mar/May. These lasting 2-3 months. Bull waves after lasting 3 months, gaining ~60+ pips.
This rally is near exhaustion IMO. Expect correction on/about 7 September after Labor Day. 3 Sep likely a new ATH.
Most ATHs DO OCCUR IN SEPTEMBER! That said, Ka-Powell speaks this week, Fed meets, Treasuries look like headed for...
Hi Every, what did you do these days ?! did you take profits from the market or just Watching Charts & ideas?
Today I want to Count the waves that we are seeing on our Ascending Channel , and find where is the end of this beautiful Ralley 😊 ?!
Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰
First, If you want to know about my analysis for Daily ...
A text book correction WXYXZ(tripple zigzag)is undergoing in BTC.
Bitcoin market is not matured like SPX, it is very easy to predict the next move using EW.
wave ''Z',' the final third ABC correction is yet to complete on 10 th of june
the minimum target of ''Z'' in daily clossing value is 30300(62% of wave''X'')
Guys I have cleared my charts and had a simpler look at Bitcoin from an Elliott Wave perspective, with my limited knowledge and have come to an analysis of what I anticipate as a result of the more recent price action. Bitcoin has completed 4 of the 5 legs of the bearish triangle. ABC and D Legs have been completed and we now wait on the E Leg, which is taking...
It is just similar to BTC, and many more cryptocurrencies I think.
Finishing wave 5 from b in wave B. So naturally we can wait for a better position to buy (in wave C).
I also should say I guess this is a Zigzag correction.
Stop- loss around 400, incase price goes up.
Expect to find a good purchase point between Fibonacci extension levels .886 and 1 (between...
TRX is working to finish it's wave 1, from c to shape wave B. We expect wave C start after that naturally, so we have better opportunities to Buy later IMHO.
A Zigzag pattern I reckon. Same as BTC and few more Cryptocurrencies.
I personally set the Stop-loss around 0.085, incase things go south.
I also expect to find a good purchase point between 0.886 and 1...
Eth had a 5 sub-wave down correction which it can indicate a Zig-Zag correction at least. A Zig-Zag correction is a 5-3-5 wave count. Based on this theory, the wave B, should have 3 sub-waves up, as drawn on the chart. In case we see this pattern, we may expect at least to revisit the lows of 1500usd and even lower. But this is a short term (1-2 months) correction...
To further clarify the previous post, Bitcoin seems to be in the midst of establishing its C-wave correction. This Elliott move comes to life in the shape of a zig-zag as the 4th of the A-wave is in the shape of a triangle, which is a textbook characteristic.
FCPO just completed corrective wave ABC which A=C
What's direction on next? since first breakout just done !
Is all about elliott wave analysis
✅ naked chart analysis, ❌ indicator
(Disclaimer: for demonstrate own planned trade records study only and education purpose, not for recommend to buy or sell. Trade at your own risk)
I think we are going to test 1762 - 1790 area with a "zigzag" ABC wave (5,3,5), inside a bigger C or E wave.
So the idea would be to long on the B completition beetween 1713 and 1699 (ideally the best would be around 1706). Below 1699 probably this count is not a valid prediction, so SL can be tight and we will have to look to something else in terms of...
I explored almost all my knowledge to prepare this GREAT S&P 500 chart for our TRADING VIEW mambers
The index is in 4th Wave of GRAND SUPER CYCLE. usually 4 th wave will be a simple FLAT. BUT due to QE by FED and Artificial liqudity by Policy Makers , the impact of ressesion (wave...