Probably Bitcoin will continue to the upside to end a C or 3 wave formed by an impulse with 1st wave being extended. Usually this kind of impulses end into 0.618 - 0.786 fib extension of wave 1 (32300 - 33900 zone). Also in the 0.618 fib extension zone we have an important resistance made by a previous rejection level. If the price will hit 1.618 fib extension of...
I will remain at the same count on Bitcoin as I posted previous week. See my related idea. Bitcoin still has the chance to correct deeper at 24000 (0.5 fib retracement) with an expended flat for wave 2 but if price break above 29000 on 4H TF than we may say that wave 2 finished at 0.236 fib retracement of this leading diagonal impulse and it started to go for a...
At this moment I have an ABC scenario that may also be an impulse with wave 3 instead of C. Wave A or 1 finished at 2.618 fib extension wave 1 (of wave A or 1) vs wave 2 (of wave B or 2), wave B or 2 that may be an extended flat pattern finished at 0.5 fib retracement of wave A or 1. Now probably we have finished also wave 1 from wave C or 3 ( a leading diagonal...
I am expecting soon a 4th wave correction for Bitcoin dominance as the price is approaching 2.618 fib extension of wave 1 vs wave 2. I placed some fib retracement and we may see this 4th wave end at 0.382 level. This will be the chance for altcoins to move up so get ready to take your place at the start. Good luck!
Looking for an 12 12 for avax. Enter long above green line. Invalidation below red line WXY correction for second wave 2. Good luck! Any questions? fell free to ask!!
We may see a flat correction for wave 2 from what I think is it a C wave at a bigger degree before to go for a 3rd wave. Time is too short for an wave 2 from an ABC correction when we compare time form wave 1 vs 2.
head and shoulder pattern enter short on the break also at least an abc correction from the perspective of Elliott wave if we don't make a 3rd instead of c wave. Approximately 10 percent target measuring distance from the head to neckline. Good luck!
Bitcoin impulsive move to the upside but what can be this last impulse? It may be a wave 1 from a C or 3 wave (follow green arrows count) or a 5th wave (follow red arrows count) from a flat scenario that I presented into my past analysis and now hit 1.414 A vs C wave.
I am expecting Bitcoin to go more to the downside with this impulse. Is it an impulse from an expended flat and this means it will turn up? Maybe and it is the only chance to turn up (Follow blue count). I will post updates when I will see more price action. Good luck!
2 scenarios for Bitcoin any of them I am expecting a rise in the price in the next hours. Bullish scenario using first impulse to the upside that may be wave 1 from wave 5 from a bigger degree with wave 2 a complex correction. This will be invalidated if price break below 21366 (origin of 1st wave) Bearish scenario with wave A or 1 being a leading diagonal...
Ethereum still has the chance going for the 5th wave if the price stay above 1462 but a good probability will be if the price break above 1680 resistance. Going below red line (1462) the count will be invalidated.
I think this impulse form Ethereum is not finished and will continue up with the 5th wave after a 4th wave that may be a running flat. Target 1780 - 1877 zone for this 5th wave. Count invalidation below 1558.
Ethereum may start to push higher after a bounce into the 0.382 fib retracement of an impulse that seems to be a 3rd wave. From the alternative perspective, we have a flat correction in wave 2 which could make wave 4 be a zigzag correction. Target for a possible wave 5 would be the area of 2.272 - 2.618 fib extension of wave 1 vs wave 2.
After an abc correction its time to go up. How long we see if is also corrective and will make an wxy. I will enter long at 21900, SL 21400. Good luck!
It is possible that bitcoin has ended its move up and will turn back down. The price reached 2,618, the Fibonacci extension of wave 1 of this impulse, forming an ending diagonal pattern for wave 5( known also as a falling wedge pattern) Don`t forget that the main pattern I am watching is an extended flat correction, which would mean that the price is going to go...
Quant price rejection into 0.5 fib retracement of the last move to the downside, that may signal an end of the B wave. Price may go to the downside with first strong support at the 0.618 fib extension zone where also we have 0.764 fib retracement of the first abc (black count). If we claim back above 0.382 (price 145.2) fib retracement than we may continue to the...
ABC correction for Matic ? or is start of a 3rd wave? Wave B extended flat with C wave an ending diagonal. Targets for a possible C wave into the box.
Those are my watching levels for Quant. If we break below 147 than we may have a leading diagonal for an Wave A or 1 and if we break above 158 than we may have an WXY correction instead of a leading diagonal and the price will go up for a 3rd wave. I think at this moment price is into no man`s land so better stay outside the market.