Following on from our last post, we are now seeing the final bearish wave lower. This wave consists of 5 subwaves. We are currently on the 3rd subwave, which is made up of 5 minor waves. Expecting price to stay below below the dark blue trendline for this subwave. Once we complete the 5 minor waves for subwave 3, we're expecting a subwave 4 ABC correction. This...
Atom is almost at the end of its corrective wave. We are now anticipating the 5th wave, which should go below the end of Wave 3, hence why we want price to go below the structure. Atom is offering one of the best returns. If we buy it at $4 and close at $40 , that's a 1000% return on your investment (atleast). Trade Idea: - Watch for price to go below the...
It's been a while since we analysed Bitcoin. That was partly due to Bitcoin being stuck in a correction. The higher timeframe remains the same. We're in a massive ABC flat correction that has been in play for almost 2 years now. We are almost at the end of the correction. A flat correction has 3 major waves - ABC (3-3-5). We are in C wave now, which has 5...
Bitcoin is in an ABC flat correction, consisting of 3-3-5 (ABC) waves. We are currently in wave C, which is made up of 5 waves. In our last analysis, we identified the 4th wave and anticipated a breakdown for the final 5th wave. We are now in the 5th and final wave, which is broken down into 5 subwaves. We require price to go below 17.6k in order for wave 5 to...
AUDUSD has recently broke down out of an ABC correction. We are now in the impulse phase, which is made up of 5 waves. We've seen wave 1 and now currently in wave 2. Expecting the a big wave 3 very soon. Trade Idea: - Watch for rejection of fib levels for a risk entry - For a safer entry, watch for the break of the red ascending trendline Targets: 0.67...
Ethereum is in a bigger ABC correction and we are now on wave C, which is made up of 5 waves. We are finally in the 5th wave and this is where the madness begins. Where is the bottom? Do I buy now? Should I short once more? There will be crypto sceptics shorting Eth believing this is the end of Ethereum and on the opposite side, loads of bargain hunters...
AUDJPY is showing us a really nice flat correction. A flat correction consists of 3 major waves, which is broken down into 3(A) 3(A) C(5). We are currently in C wave, subwave 4. Expecting subwave 5 soon. Trade Idea: - Watch for breakdown of subwave 4 correction - Entry after break of red trendline - Stops above the highs of the correction - Targets: 90.5...
We can see that we're on the C wave now, which is made up of 5 subwaves. We are currently in wave 2 which appears to be an expanding flat correction. Watching for price to come up to our sell zone and reject. Trade Idea: - Watch for rejection of sell zone and/or fibonacci - Look for lower timeframe trendline break - Enter with stops above the recent highs -...
Having revisited EURCHF, we can see that there's a really clear channel at play. We can take advantage of this by trading within the channel parameters. There's EUR news tomorrow that may help move EURCHF back up to the highs of the channel. Trade Idea: - Watch for break of the descending red trendline for confirmation - Once entered, SL below the lows (below...
Similarly to Bitcoin, we were anticipating the 5th subwave drop but the 4th subwave has turned into an extended ABC correction. Watching the recent highs and the parallel correction resistance for bearish price action. Trade Idea: - Watch for bearish price action around one of the areas of interests mentioned above - Draw a trendline and watch for a break for a...
In our last analysis, we posted a short when we were in subwave 4 expecting subwave 5 lower. It appears that subwave 4 has not finished and has turned into an extended ABC correction. This is good news as it gives us another opportunity to catch the final shorts! We are in a ZIGZAG formation and on the last legs of the pattern. We have 2 areas of interest we are...
Ripple is now moving towards its final lows for this bearish correction. We are anticipating price to reverse around the 0.12 - 0.13 level but we'll see how price action is once we're near the bottom. Right now we can capitalise on the final shorts! Trade Idea: - Possible entry now with stops at 0.40 - Targets: 28, 20, 15 Goodluck and as always, trade safe!
In Elliott Wave, the C wave usually has 5 waves which follow the impulse schematic, which is: Wave 1 = 5 waves Wave 2 = 3 waves Wave 3 = 5 waves Wave 4 = 5 waves Wave 5 = 5 waves We can see that we're on the 5th wave now. The 5th wave is also subdivided into 5 subwaves and we are currently seeing subwave 4. Expecting one final move down (subwave 5) to complete...
GBPCAD is currently in a big ABC correction. We saw a really complex midsection (wave B). We are now looking for bullish price action to catch wave C, which is going to be a massive 2500pips. Trade Idea: - we are currently seeing a brief retracement on lower timeframe. Watch for that to complete and bullish price action to appear - When bullish price action...
What is Divergence? Divergence indicates to us that a trend is losing momentum and could be ready for a reversal or a deeper correction soon. When we see divergence, we should be cautious when trading in the direction of the trend and look for countertrend/reversal trades. How to identify Divergence? When price is making lower lows, MACD (or RSI ) will show...
Following on from our last post, we indicated that there's a final bearish wave left. We are now on the verge of breaking down for the final time. Once this bearish leg is completed, we will be looking for bullish price action for the next bull run. Shorting Bitcoin here will be a bit risky with limited gains to be made. The bigger and better trade would be to...
Atom has almost finished its corrective phase. We are anticipating one more drop before we take off. SHORT Trade Idea: - sell entries now with stops above 9.5 - Targets: 5, 4, 2.5 LONG Trade Idea: - Once price moves lower once more, look for bullish price action - Enter with stops below the lows - Targets: 20, 40, HODL the rest Goodluck and as always, trade safe!
In one of our previous analysis, we showed a short setup from $23 with targets of $10. We achieved that target and made raw gains of over 50%! We blew past our short targets and now we are approaching the final legs of the bearish wave. We are expecting bulls to jump in as soon as this final bear leg is over. On lower timeframe we can see that we're making our...