tradedevil

Elliott Geeks be Banging. Count it out. It plays. If, and it's a big IF, we hold the retracement at the 50% this looks better and better. It's still valid if we go down to the 61.8 but I like it all the more if it hovers around the 5-% and themedian line and then moves back up. It's the confluence of price pattern and structure that makes me like this count. Now, ...

First stop was hit. Small loss. I can take that. Does it still play? At the 50% and the 100% a-b-c. Oh yea. I'm in again. Stop is still close and the upside is excellent. Can't get gun shy just because you've been stopped out. Re-evaluate. Is the trade still valid..? If so, don't hesitate...

Nice setup on the 4. Clear exit it if doesn't hole with a break of 61.8 which lines up nicely with the wave-1 high. Nice target above for a 4-to-1 risk/reward. It's played very technically today. It could certainly continue to play E-ball.

No it's not dead but it's likely not finished with this correction. Too good a count to not take a run at the short side. I'm a long-term bull on Ripple, if you've wired money lately (like when buying Bitcoin) you've seen the SWIFT protocol in action. Ripple is the Blockchain solution to that relic. It has a high probability of adaptation as more and more banks ...

Good structure here. We're through the 50 but holding steady at the moment. I like this trade because of the very clear invalidation point. If we break that Wave-1 high the premise of the trade is invalidated. The upside is huge. But we are trying to buy the falling knife. I like this with a small position looking to add on the first higher low coming out of support.

Last stand for ETH bulls. At least in the near term. It's buyable but a tight stop is mandatory. You see the reaction at the 61.8 but it's not definitive. A reasonable play would be to enter with a small position here and then look to add on a higher low if and when we see it coming out of this support. I'm in with a small position looking to add.

Expect a reaction at the 50%. This is a very aggressive trade but there is little doubt that Algos will start buying at the 50%. There's a buy zone on the chart that's $150 wide. Not a trade for everyone but a reasonable first entry with smaller size anticipating there might be a second buy if the market heads to the median line and the fib cluster found around ...

Two Buy Zones. The Channel is nice at Zone 1. Either you're in with a tight stop at Zone 1, or you're in at Zone 1 and adding at Zone 2. Just a matter of risk tolerance and account size. No need to be a hero though... First trade should be on the smaller size, IMHO. Risk Reward of 12-to-1. Nice! There will be plenty of opportunity to add if the low is in here...

That's a beautiful Elliott count. If it's heading to those targets above, this is the likely launch point. Stop needs to be tight as there is data at 10:00am EST. that can move the market. But no reason to have your stop too far below the 61.8 of this last wave, data or no data. Nice upside potential with a risk reward of 5.5-to-1. This trade will reveal itself ...

We need the Big Dog to move away from this low with some velocity in the near term. Yes, we've established a strong level of support; all the more troubling should we break it. If we do... likely target for next support is down to $3,860. I'm long but stops are being inched up... I'll feel much better about a new high this month when we're back above $4,500. Tip ...

Still the preferred count. The swing low has now been tested twice. There are rarely three successful tests... so, if it is approached again, expect it to break. In the meantime, there's definitely a trade here... 4.68 -to 1 risk/reward. A clear exit point. A nervous market and likely tentative bears with stops in place to fuel new highs. Wanna go get those ...

Another bite to be had here if you're not in already. Nice structure. Risk is moderate. Upside clearly there with two targets. 4.5-to-1 on the First Target. What's not to like... Let it Rip

The Bullish count can still play here. If this last low holds, we go higher in an impulsive 5-wave structure. If we break it and then break the 200 EMA... The 5th of this last impulse is in and we most likely retrace to a full 50% of this last 5 Wave structure down to $3388. I'm long and strong but you've got to look at all scenarios. A close below the 200 EMA... ...

Not an easy trade. You don't have to catch the falling knife. Let a pivot form and look for the next higher low on a smaller time frame. It will be the "next" wave-2. Stop below the pivot low. These are the trades you wait for... I'm not saying the low is in. What I'm saying is that this kind of a move creates opportunities. You have to wait for a move like this ...

Not for everyone. I take it in a small position with a stop under the 78.6. Structure is there, Algo's "will" be defending here. The Wave-2 had to come... It came fast but here it is... Nothing wrong with waiting for a higher low to form on the 15-min. I like it with a small position and powder dry to add on the first higher low. Upside is tempting to look at but ...

I rarely short crypto. But, this is too strong to ignore. Beautiful wave structure and a very clear stop out point for a low-risk high-reward trade. A stop is essential to this trade. No need to give it any more risk than the Wave-1 swing low. Note the yellow dashed line and where that puts the currently labeled Wave-4. Nice target gives a 5-to1 risk reward ...

Yes, you can make the case that the 5th is in and we're starting the 2nd wave retracement. I'll bet on the good structure here and the probability that without a meaningful retracement we're still on track for a new high from this impulsive wave. Risk reward of 6-to-1 makes it a reasonable trade. Stop is close by just under the 61.8 and the lower channel. I take ...

The Golden box is sitting and waiting for a dip in. This is technical perfection... "IF" it plays out. Note the yellow dashed line at the Wave-1 low on the way down perfectly tapping the Wave-1 high on the way up. Sexy. Now that line sits exactly at a 61.8 retracement for the 4th wave of this impulse. Algos prefer the 50% so don't be surprised if this is ...