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...
The Dow Jones industrial average is trading bullish, and can be trading at the end of a bigger impulsive wave. We are observing higher degree blue wave V, that can be searching for resistance and for a top around the 2550/2700 region, where the middle and upper Elliott wave channel line can offer resistance and turn price lower. Red sub-wave five of V is also...
Good evening traders! Today let's look at Crude oil. Here we see price trading in a bullish development, with price particularly unfolding final sub-wave 5) of three. Ideally upside for sub-wave 5) will be limited around the upper Elliott wave channel line, near the 63.00 region, and from there a three-wave pullback into blue wave 4 will start to unfold. ...
Good day traders! EURUSD is showing characteristics of a bullish impulse, with blue wave three in action. We know that wave 3 is an impulse, and also usually the strongest wave, meaning it must contain five legs and can move price strongly and sharply in the direction of the trend. That said, in our case we see red sub-wave iii) of three in progress, that can be...
BITFINEX:ETHUSD is trading much better than BTC these days. We see crypto breaking out of a triangle, which means this can be a fifth wave advance, final leg before we get another deeper pullback. Keep in mind that triangle occurs prior to the final move within a larger uptrend, so make sure you are not late to the party here. 1000 level will also be an important...
Crude oil can be trading in final stages of sub-wave D as part of a bigger Elliott wave triangle correction. We see energy facing potential resistance and a turning point around the middle or upper channel line, where also former swing high of sub-wave b sits(57.81 level) and the Fibonacci ratio of 78.6. A later drop from the mentioned zone, would suggest a...
We see USDJPY ticking higher as expected into wave C, which can be final leg of a corrective bounce from 112.00. In fact, recovery can be wave 2), therefore a strong turn lower may occur in sessions ahead. There is a nice resistance coming in around 113.00 from where a potential sell-off may show up below 112.50 which would be first evidence of bearish...
BITFINEX:OMGUSD is showing clear bullish setup, since we saw a big spike down 2 days ago to around 78,6% Fibonacci retracement. So, from July to September we clearly see impulsive rally with five waves up into wave 1/A and from September to the end of November we see nice and clear three-wave (a)-(b)-(c) correction into wave 2/B. This is ideal pattern for bullish...
BITFINEX:LTCUSD jumped out of triangle more than 300% since last update and we warned about much higher levels, as you can see in related ideas. LTC is in a strong uptrend so we assume it's third wave and we may see even higher levels towards 380 level, out of current subwave 4 of III, so sooner or later LTC will continue it's bulltrend.
Silver found a low at the 15.57 level for higher degree wave C and reversed higher. Current rally that is on display can be a suggest for a bullish continuation; but as written on the chart we need five-waves higher for a confirmation for more upside. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment...
Crude oil has completed a complex correction labeled as wave II or B at the 42.03 level from where we started to track a new bullish impulse. An impulse is a five wave pattern, so there is room for much more gains on energy market since we see current leg up as blue wave 3 of an impulse. Wave 3) has in general five clear waves, which means oil price can still...
AUDUSD is turning sharply down, seen in a new impulsive leg lower from 0.7650 so we assume that recent rally is finished, ideally wave 4 and that current weakness belongs to still ongoing wave 5 of 3). We may see a drop to 0.7450/0.7427 in the near term. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment...
BITFINEX:BCHUSD is trading sideways for some time, but we can clearly see a triangle pattern in forming. Currently final wave E in progress, where downside can be limited around 61,8% Fibonacci retracement and 1300 support level. To be sure and to confirm bulls, we need a break above 1780 level. Invalidation level is 850 so, as long as BCH trading above that...
Good evening traders! We have seen a nice turn up on USDCAD following the BOC rate decision, so technicals once again turned out to be ahead of the news. We can see a sharp reaction to 1.2800, where is 161.8% extension target for wave three, so ideally that's a beginning of a new bullish leg, headed above 1.2908. Disclosure: Please be informed that information...
BTCUSD is trading in a bullish impulse of a higher degree, labeled as black wave V. We see four of fives bullish waves completed from 11th of November, which indicate that a top can be near. Current rally that is now underway can be final wave 5 of V, that can see limited upside near the upper Elliott wave channel and near the Fibonacci ratios of 2.618 or 1.0 ;...
BITTREX:VTCUSD is forming clear bullish triangle in wave ("IV") which may end soon, because it's in a final stages of wave "e". To be sure, we always suggest to wait for confirmations. Confirmations are very important, because they give you a signal and more chances of being right! So, in this case, our confirmation is a break above previous wave "d" at 4.8...