C Wave looks like it is done finally, I would be looking for a sharp decline that breaks the lower trend line of the channel producing a zig zag for D and then a sharper move up for E which should look strong but not have much strength behind it. Once this is done I would expect all hell to break loose and begin a sharp decline in Wave 3.
Wave E cannot go above...
I now expect this to head down toward support at the cyan line.
This support area should hold and make for a good stop area beneath this line for when it reverses.
This is still Wave B, it is just a complex one.
WAVE C is done, its finished.
This is a pivotal point to short, as part of the triangle wave 2 forming this is a very bearish formation that we are seeing.
Prices should not exceed 25,000 again until this entire move down is complete and it should fall for a long time.
If I get enough support with this idea I will make a video idea so please follow and...
Looks like we have a reversal which is in line with my wave count. (Please see my related idea video from last weekend if you haven't)
Look for a 5 Wave move back up to the 1.25557 area.
According to this wave structure this move will not exceed this high but will serve as resistance and a good place to put a stop for when we short this thing.
Do no short this...
This idea gives you an insight into my Wave Genesis Theory research.
I will be posting more videos like this in the future if I have enough support so please follow me for updates.
ARIAS WAVE or Wave Genesis Theory is my own research which dissects every single wave caused by social mood sentiment and accurately identifies all waves on every degree and provides...
So the price action moving down since the March highs looks too choppy to be signalling any major decline just yet.
This impulsive wave that happened just now looks the start of a climb back up to establish new resistance but I don't see it breaking the highs.
Bitcoin is likely to start ranging between support and resistance for a quite a while from here.
If you like what I am trying to say please like and I will definetely try to make more of these and make sure the sound is better.
It is a live example of knowing where you are wrong on a trade. If you ever feel worried or anxious about a trade then you shouldn't have it on.
If I ever get enough support on here I will start explaining how I see the market and...
Just another perspective post about this lovely pair the Loonie Pound or whatever you call it.
I have poured over the waves for this pair on fxtop.com which I find useful for historical price data not available on TradingView.
In my opinion there is nothing else this structure could possibly be overall and it seems pretty important to...
The larger wave structure calls for a Zig Zag and it is coming now\soon. (I don't believe that the first wave down is part of this unfolding Zig Zag)
The .82 cent area is critical support and will not be broken.
Ideally you would want to ride this next wave down an then initiate a long position once complete using part of the profits from the way down to...
I don't agree with everything Elliott Wave, but after observing market behavior I have found nuances that give me an edge.
In this particular case I see a good opportunity to gain some perspective before I proceed to repeatedly post about these waves as they will happen from now on.
The part that many wont really grasp is the nature of the waves to the exact and...
The parallel channel was marked on the 1 minute chart: The break down underneath this channel indicates that this move up is done.
Next: watch for a break of the green line. If it is taken out then its bombs away.
The way these waves are forming it looks like Wave 1 only just completed last week and that Wave 2 is under way and should see a corrective recovery.
Waves take time to play out so perhaps the previous related idea was jumping the gun a bit.
Given the waves this structure has, it looks like a 5 wave structure because nothing else makes sense.
Due to the choppiness of this structure and the bigger picture I would say 100% the trend is still up.
After this 5 wave structure is complete I would be looking for a long setup.
The B wave of the this unfolding zig zag looks complete.
A bullish engulfing candle on the hourly chart is a confirming signal that the 5 wave C wave is complete.
This next move up should be a nice trade.