This trade is aimed at longer term holders. The market in all crypto's has shown a very strong start to 2019 with 5 clear impulsive waves up. Thus an ABC has followed and it is extremely likely that another 5 waves up will now follow. This is possibly the best opportunity to get into crypto as XLM has nearly reached the 0.618 retracement of wave 1. The target is...
Great chance to add some EOS into your portfolio. I'm sure 90% of traders missed out on the last bull run so now is your chance to ride the BIGGEST wave. You should ladder you buys during this pull back with a stop loss below the low of wave 1 (red line) and target a 1.618 extension of wave 1 added onto the end of wave 2. This is not financial advice. This is only...
This trade is aimed at longer term holders. The market in all crypto's has shown a very strong start to 2019 with 5 clear impulsive waves up. Thus an ABC has followed and it is extremely likely that another 5 waves up will now follow. This is possibly the best opportunity to get into crypto as XLM has nearly reached the 0.618 retracement of wave 1. The target is...
Bitcoins 3rd wave is coming to an end very soon which means a drop is around the corner of at least 8%. Those long may want to liquidate their profits soon and re-enter at a lower price. There has already been an evening star formation on the 4H BTCUSD chart, that shows a reversal has already occured. My analysis shows that there is still 1 wave missing (the 5th...
Disclaimer - This is not financial advice and I am not responsible for any losses you may incur, I post this chart only for educational and research purposes. Please trade responsibly and always respect your stop loss. My research has shown that when a 3rd wave extends and ends around half way between the 1.618 and 2.618 region (relative to wave 1), wave 5 tends...
This is a very nice set up because you can place a tight stop loss and the target is where (c) = 0.618*(a). This is not trading advice as always and I am not responsible for any losses you may incur.
Ladder sells slowly if price rises once more, if price drops from here, then it may be best to not enter as the risk to reward ratio will likely be less than 1:1. Keep your stop loss at the 78.6% retracement of wave (a) or is there is a break above the horizontal channel with high volume, you should exit this trade. This is not financial advice and is only for...
(Monthly chart is used) The Dow Jones Industrial Average could be due for a major reversal soon because of the following reasons: 1) There is a triple top forming 2) RSI on the monthly chart is showing a severe loss in strength shown by 2 lower highs whilst price makes a triple top (aka bearish divergence). 3) MACD lines have crossed over indicating a reversal in...
This is not financial advice, just for research and educational purposes.
This trade has a high probability of working out, IF yellow wave c does unfold into 5 waves down and we see signs of bullishness. This could be a triangle, if so, the price action should still be bullish, and the profit target will be higher. If 5 waves do unfold in wave c, then one could go long and set a stop loss, generously below the low of wave 5, with a...
1.6 risk to reward ratio is not great... be careful if you take this! (Not financial advice, you risk your capital at your own risk).
This is not financial advice and each trader is responsible for their own losses. Profit targets for this trade will depend on whether this develops into an ending 5th wave diagonal or just an ABC. An ending 5th will lead to a lower profit target and an ABC will result in a higher target. For the ABC scenario, I would take the fibonacci retracement of yellow wave...
This is not financial advice, but a 2:1 risk to reward ratio set up is possible here. By setting your stop loss below the peak of orange wave 1, you can ride this wave up. when green wave 4 is over and 5 is in progress, you can raise your stop to just below the low of green wave 4. The fibonacci cluster is where white wave 3 will be 1.618* the length of wave 1 AND...
This analysis is for research purposes only and to give others food for thought. Over time I will build a huge history of past trades and will have a good idea on my win % rate. Once I reach the point where the trades I post yield a profit of anything over zero consistently is when I will GO HAM and put real money into trades. Hope this helps!
This call has been made by looking at past examples of this exact pattern where wave 3 is close to 1.618 the length of wave 1 and wave 5 is also 1.618 times the length of wave 1. What I have found in the past is that the 5th wave ends very close to, if not exactly at the 2.618 extension of wave 1, taken from the end of wave 2 (in this case the 2.618 extension is...
I am using Elliott Wave analysis to make this prediction. Time will tell if this prediction is accurate, but my research and analysis has resulted in this call. (I will be putting real money on this trade). This is not financial advice and if you take this trade, must take responsibility for your own losses if it doesn't work out.
Classic 5 wave Elliott pattern which has a high probability of making you money if you are patient and not greedy. Greed is inversely proportional to how much money you make in the market.