Elliottwaveanalyis
Is BTC in wave 3 of Elliott Wave?Potential projection:
Bitcoin could possibly be reaching the top of wave 3 of an Elliott Impulse Wave. Be on the lookout for Wave 4 to drop back down but probably not lower than 4300-4200. If support shows, be ready to ride wave 5 back up!! Maybe upwards to 60k! 50-60 Day projection.
Thanks for your time!
🛒X5 Retali Group (FIVE) - excellent setup for a long position.●● Mine scenario
● 1W
LSIN:FIVE
The large Running Contracting Triangle ④ or ((B)) has been under consideration for about two years. Until recently, the main count had a decline in the final wave of C of (E) , but after weighing all the pros and cons and taking into account the expectations for the market as a whole, priority was given in favor of a completed wave ④ or ((B)) and an early exit from the model up.
● 1D History
LSIN:FIVE
A variant of waves count (B) - (C) - (D) as part of ④ or ((B)) .
● 1D
LSIN:FIVE
If the top of the triangle is really set, then we have nothing more than a series of One-two, one-two waves " (1) - (2) 1 - 2 " as part of the expected ⑤ or ((C)) .
● 6h
MOEX:FIVE
" Pic. 4 "
The targets for wave 2 of (3) can be the Fibo cluster area within two degrees, which is indicated by the blue channel. Looking back at the alternative count, I plan to make any purchases only if 2 of (3) and subsequent ((i)) - ((ii)) of 3 are completed and the first of which will break through the top of the ((x)) — " bull lvl " and will gain a foothold above the upper border of the descending channel.
●● Alternative scenario
● 1W
LSIN:FIVE
The probability of descendind below $ 18.90 ( LSIN ) is now as an alternative count, which, however, does not make it any less likely. Wait for the indicated conditions to " Pic. 4 " and open a long trading position with the least risk.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
EURUSD Entering the Belly of the Down TrendUsing Elliott Wave as our guide, EURUSD appears to be entering the belly of the down trend and correction. There are wave relationships near the current price so a bounce may develop.
As we are in a bearish impulse wave pattern, if this bounce develops, I am looking at the bounce as being wave iv of (iii). I anticipate the bounce will be shallow and EURUSD eventually works down to 1.1850 to finalize (iii).
Bottom line, look for continued USD strength. It will be interesting to see how this USD strength affects main markets like equities and gold.
ADA/USD Elliott Wave Count - How Much More To GoHey Everyone,
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In this ADA/USD chart I am projecting an impulse wave where ADA is almost completing the 3rd macro wave and looking for a 4th wave correction. Many alts are in similar scenarios and others just hit price discovery and can see an out performance over more established alts such as ADA that don't pull as much speculation.
Follow along with these profile for macro alt counts and updates and you can see what we've been looking at thus far below. Thanks for checking in.
-NewWave Trader
When the Stars Are Aligned - Trade the High Probability 5th WaveOverview video on how stocks generally behave and how our Elliottwave Indicator Suite can measure that behaviour to identify high probability 5th Wave Swingtrading opportunities.
$GM General Motors is used in this great example where Paul also discusses managing this 5th wave trade.