Bitcoin's corrective wave structures completely broken down from $10,500 from the perspective of Elliott Wave Theory. We are about to finally conclude W-X-Y-X-Z which I've been expecting according to the chart linked below. On lower timeframes, Subwave 3 of final Wave C can be seen to be in already. 0.786 fib is a key level many people are looking to long so...
Here I break down the corrective wave structures of Bitcoin since $10,500. Once again we are probably headed for a triple corrective combination (W-X-Y-X-Z), like we did from ~$14,000 to ~$7,300 (which I think was the bottom, link attached). I previously anticipated a bullish movement after we completed Wave Y in chart, but failure to do so AND forming a running...
Potential BTC/USD W-X-Y corrective structure thus far As long as we don't get above the invalidation zone, we might see one more dip to complete Wave Y & prepare for a bullish run, that is if we don't get W-X-Y-X-Z corrective combination in the near future Potential long entries are highlighted if price does get there Follow me on Twitter for updates / trade...
Here I break down the corrective wave structures of Gold from ~$1550 - from the perspective of Elliott Wave theory. We may have completed a Triple Corrective Combination (W-X-Y-X-Z) that concludes Wave 4 & a final Wave 5 could be coming soon. Highlighted region is a confluent zone to invest / long (even current price is great), and if this Wave Count is correct,...
I took some time to re-evaluate the corrective wave structures we had since ~$14000. Here I break down why $7300 was the bottom - from the perspective of Elliott Wave theory. We have completed a triple corrective combination (W-X-Y-X-Z) from ~$14000, with every wave structure broken down in detail. Wave X can be any 3 types of corrective structure: ZigZag, Flat...
Could look for short opportunities around $9000 - $9400 as the price tends towards local resistance & the trendline that's been resisting for 3 months now Current sentiment: Subwave 4 of Wave C Invalidation level: $9400 Follow me on Twitter for trade ideas / updates: @tradescendent
Ethereum could go down once more to complete Wave 5 of Wave C correction (of Primary Wave 4). This downbreak aligns with BTC's potential A-B-C-D-E Triangle on the daily timeframe. Both downbreaks - if occur - could mark the completion of Primary Wave 4 & prepare for a final bullish Primary Wave 5. Attached is the link to BTCUSD's chart. Follow me on Twitter for...
We could see one more dip to complete Wave E of A-B-C-D-E Triangle, which will mark the completion of Wave 4. We will most likely then proceed with a final bullish Wave 5. Invalidation zone: $8950 Buy zone: Near the bottom trendline around $9500 - $9600
We are still expecting a possible bullish Wave 5 as long as we hold above $8950. Currently could be in Wave 4 retracement where we're seeing a possibly completed WXY retracement. Surely we could probably see WXYXZ as well, but as long as we're well above $8950 this count remains valid. Follow me on Twitter for updates / trade ideas: @tradescendent
We see a possible completion of 5 waves to the downside here & looking to begin retracement soon. Conservative retracement / target would be near the 0.382 fib. ETH/USD chart shows the similar thing within the same period of time & is more obvious. Follow me on Twitter for updates / trade ideas: @tradescendent
Visible 5 waves in for a possible Wave C that completes Wave 4 retracement (A-B-C). We need to break the $10500 region to invalidate the possibility of current Wave C being Wave 3 of a bullish wave structure instead. White support trendline has been supporting for a month now - could look for long opportunities if price does reach around there. Follow me on...
Fell out of parallel channel and forming a descending triangle. Prime to short, local support confluencing with 1:1 extension at ~$261
We are still anticipating a bullish Wave 5. Triangle broke down into a possible Wave C that completes A-B-C for Wave 4. Current sentiment: Wave 4 done, approaching Wave 5 (of Primary 5) Wave count invalidation: ~$10950 Follow me on Twitter for updates / trade ideas: @tradescendent
Wave 4 Triangle seems to be almost, if not completed. Current sentiment: Approaching bullish Wave 5 soon (of Primary 5) Targets highlighted in chart. Invalidation: ~$11500, breaking prior swing low Follow me on Twitter for updates / trade ideas: @tradescendent
We are currently done with Wave 3 of (Primary) Wave 5. Current sentiment: Wave 4 of (Primary) Wave 5 Confluent support at: $11600 - $11700 Invalidation level: $10900 - $10950 Since Wave 2 was a heavy retracement, we are to expect this Wave 4 to be a slight retracement. Potential long zones for Wave 5 of (Primary 5): Confluent support range (stated above) -...
We could look forward for one more bullish Wave 5. Local support: $9300 - $9400 Invalidation level: $8950 Current sentiment: Wave 4 done (A-B-C) or still in progress (A-B-C-D-E)
A-B-C could be (1-2-3)-4-5 as well but unlikely imo Engage with me on Twitter for updates: @tradescendent
Engage with me on Twitter for updates: @tradescendent