On BITFINEX:LTCUSD we can see sharp decline into wave (a) and then slow sideways corrective move into wave (b) back to ideal 61,8% Fibonacci retracement. Current drop from wave (b) resistance looks like motive wave, which should be completed within five waves into wave (c) and as you can see, there is still room for more weakness towards 95-80 support zone,...
Gold is turning lower, now trading beneath channel support line so we see metal in a new corrective wave. It's wave B that can be looking for a support at 1330 or maybe even at 1307-1316 area if we consider that B wave normally retrace at least 38.2%. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice....
We went through some XXX/BTC crosses and saw interesting pattern on BITTREX:VTRBTC (vTorrent). Well, since we saw a potential bottom on cryptocurrencies, there's some new opportunities on ALTcoins and one of them is vTorrent, which has clear five waves up into black wave A and three-wave correction into black wave B. Currently you can see it's already bounced...
GBPNZD is trading lower, after a three-wave rally unfolded from 1.8617 level as part of wave 2. Current decline can now be part of a new bearish cycle, that may take days or weeks to fully unfolded, with sub-wave 1) leading the way. A closer look even suggest that sharp decline can be part of sub-wave 1), and can take price towards the 1.880 region, where...
Good day to all of you! After so many request I had to make a new video update here on Bitcoin and also ETH. Decline in the last few days is quite dramatic, with BTC finally hitting our 8k region, but again, its too early to call a reversal with current price structure. If you like video please support me and give me a thumps up, or leave any question you may...
Lately GBPNZD breached the lower Elliott wave channel line around the 1.9205 region, which can suggest a bearish continuation to be in progress. Notice that rally from 1.8614 level is in three waves, which is also a sign of a temporary correction, so more weakness may follow. All said, a further break below the 1.9004 level will confirm more weakness.
BITSTAMP:ETHUSD just like BTCUSD has clear corrective intraday structure within downtrend! So, we are tracking deeper a-b-c correction in which we can clearly count five waves down into black wave "a" and then slow sideways corrective move within black wave "b", which seems to be completed exactly at 61,8% Fibonacci retracement, which is actually ideal...
As expected BTCUSD fell down into wave (c) a third leg of decline that we have been talking about a lot in our past updates. Wave (c) is a motive wave, so it must be made by five subwaves before we may even consider that correction is finished. Well, if we take a look at current price move on BTCUSD we see very slow structure, thus it’s probably just a wave 4...
We are looking at really nice and clear structure on SiaCoin against BTC. We are tracking wave 4 correction, because of perfect 261,8% Fibo. extension of wave 1, which is ideal for impulsive wave 3. From January 06, we can see slow sideways move within three waves w-x-y down, back to ideal 38,2% Fibo. retracement and also test of channel resistance line. ...
GBPAUD made a sharp and strong bearish reversal lately; away from 1.7993 swing high, where a bigger three-wave A)-B)-C) correction found a top. Current reversal and break below the lower channel line is a suggestion for a change in trend. Once wave 1 fully unfolds, a new three-wave correction into wave 2 may follow with possible resistance around 1.750 price...
Good day traders! Today, let's look at the 10 year US notes. 10 year US notes are surely bearish, and are falling quite nicely, away from 124'25 level of a former swing high, labeled as wave 2. This acceleration in potential five waves will be labeled as red wave 3, usually the strongest and sharpest wave. That said, if we observe closely, we can see that the...
USDJPY is showing us a bigger complex contracting correction in the making within red wave (B), which is also known as a Elliott wave triangle correction. We know that triangles appear prior to the final wave, which means more gains can come in play, once finished. Specifically we see price trading within wave E that can search for support near the lower triangle...
Traders, welcome back to our new Video Analysis on bitcoin. The question is.. are lows in place, or are we going down for 8k? I think it can be too early to say that lows are in, simply because we do not have enough of upward impulsive structure and bullish momentum that are needed to confirm resumption of an uptrend. I will stick to 8k, or just simply wait on...
Welcome to our first video analysis here on tradingview. I am very happy that I can test the new feature and share our views on markets faster and easier in a video format. In this video analysis I will take a look into BTCUSD and also some other BTC-cross pairs with interesting patterns. I you will like the video please leave me a feedback into a commentary...
BITFINEX:BCHUSD is breaking triangle support line, which confirms our bearish view and seems like Bitcoin Cash may go beneath 1000 level in coming days/weeks. We can see a sharp decline on 20th December into wave (a) and then slow sideways move within triangle into wave (b), so wave (c) is on the move now and this is a three-wave decline that we expected. The...
Traders, welcome to our new second video idea here in trading view. I will again cover BTCUSD because I think it's in important structure that shows market now in wave C decline that can be headed down to 8k like we mentioned in our past updates. Please give me a feedback on video analysis, to make sure if you want more of them in the future or no. I hope you...
We want to show you our view of a typical and perfect Elliott Wave setup on a lower timeframe. So, as you can see, BTC turned sharply from highs and we can clearly count five waves down, which is our signal of a trend reversal and in EW theory is called Impulse wave. Then we can see a clear three-wave regular 3-3-5 correction, with three waves up into wave (A),...
BITSTAMP:XRPUSD made nice three-wave correction back to previous wave IV with (a) = (c) equal legs and hit exactly 1.60 level as we expected. This is actually perfect setup in Elliott Wave theory and exactly, what we are looking for trading opportunities. But we have to wait for confirmation, which is a break above channel resistance line and to be sure we need a...