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Elliottwaveretracement

EURCAD SELL TOWARD THE DAILY CHART 23% FIB LEVELThe EURCAD is at the end of an Elliot Wave and is in position to sell toward the 23% daily chart. Currently hovering right on the 61% level on the weekly chart it hasn't quite reach the weekly 78% level and the monthly 61% level but it is at the weekly 50% level in a consolidation structure. Simply put the Elliot Wave was employed because of the limbo between all of these different levels. The long and the short of it is a sell which will continue on to a downward trend following a consolidation. Check technicals for time aspect.
Short
by philpoitier
Why We Look At Log Scale!For waves that occur over long periods of time looking at a normal arithmetic price scale lacks the ability to normalize exponential growth. Under these circumstances, by looking at the logarithmic scale we see a different perspective on how price has been moving. This also makes it easier to plot waves. ___________________________________________________ Here's the analysis on the largest scale, it seems to me that BTC just completed wave 3, which makes sense the growth was ridiculous during this wave By that same token, our current correction seems relatively small in relation to the entire graph which still makes me believe that wave 4 is not yet completed Finally, this also means that we will be beginning wave 5 upon completing our correction and ideally we should see another hefty move up ____________________________________________________ *Warning* IF this is right then when we finish this next wave we will have completed an entire 5 wave cycle and it would be followed by a massive correction
BITFINEX:BTCUSDLong
by NotGemini
14
BITCOIN #BTCUSD - up we go? $10k in the view!The end of the C wave from Wave 2 at $ 6,500 resulted in the price above the short-term trend line and the $ 7,500 test, which was then stamped. Currently, this level is a support for the price. The rally on the increased volume ($ 1,000 an hour exchange 30k of BTC contracts) caused the price to reach the local resistance level at $ 8,265. This level is the last technical resistance against 38% Fibo at $ 8,438. Nevertheless, the more important technical resistance, the overcoming of which opens the way above the level of $ 10k, is the level of 50% Fibo to $ 9,058 and lying down the technical resistance zone at $ 9,222. Overcoming these two zones will be a good prognosis for further increases.
BITSTAMP:BTCUSDLong
by sebastian.seliga.7
6
LSK TradeWe can see pretty clearly that LSK arrived at the bottom of the first 1-5 and ABC cycle, found support at the 0.786 and managed to get to the top of the first sub-wave, found support and closed it's sub-wave 2. LSK had indecision yesterday on all candles, not very surprising with people jumping out to get on the BTC train, LSK got back pretty strong to over 0.00133! Interestingly, not many people took profit there, volume on hour-candles look very solid, not many sells were done. As you can see, from sub-wave 1 to 2 we had a bigger retracement, therefore, after we've reached Top of sub-wave 3, the retracement won't be much, maybe to 0.5 Ret maximum. The black dotted line will be important for the next moves. A strong resistance, will be hard to get through. Once we get there, we will have it as support and might be the target for sub-wave 4! LSK will have a strong bullish run, RSI looks very good, also throughout the ABC correction that we've had since December and January on many Alts. LSK had it few weeks later. MACD, Volume and support looks good, we'll get pretty nice profits with this coin! Stay calm, do not get frustrated if BTC hurts Alts again, LSK is a strong coin and our Support isn't too far. We'll break out of the triangle within the next hours or few days, I am very positive about this. Explanation We are in the middle of wave 1 if we take a look at the bigger picture. Wave 2 might go to this black dotted line, time will tell. We will see! :) I am not a professional trader, I learned a lot within the last months and try to help other people with my hard learned knowledge. Do not take this as financial advise
Long
by FloTi
2
The Correction is just getting started Starting from the last significant correction that BTC had, we moved up for over 2.5 years so my assumption is that a 4-month correction is relatively short. Instead, it wouldn't be absurd to assume that we are far from finishing this correction. With that being said in terms of Elliott waves, this correction has already retraced a significant portion of the move up making it unlikely that we are in a flat or triangle correction. The only thing left would be a zig zag correction which plays out as a (5-3-5). From what I can see we are nearing the end of wave 5 within A and B should be starting soon. In the chart, I have 2 possible end-points for wave 5 one of which is around 4500. Then by looking at the channel we have a decent idea of when this wave should finish playing out
BITMEX:BTCUSD.P
by NotGemini
HAS BTC BEEN FRIEND ZONED?I know what you are all wondering... is BTC stuck in the friend zone? Is BTC a moody female? ***friend zone*** noun informal noun: friend zone; plural noun: friend zones 1. a situation in which a friendship exists between two people, one of whom has an unreciprocated romantic or sexual interest in the other. 2. BTC - "I always wind up in the friend zone, watching the alts moon" BTC is in a wedge, ABCDE of wave 4, but is a wedge (friend zone) a healthy place to be? Can BTC reach it’s higher highs if it never manages to break the wedge? So let’s talk about Elliott.... you know him, ELLIOTT WAVE. Now Elliott wave likes to bounce around... A LOT... but right now BTC and Elliott are not feeling the love, it’s like they are stuck in an unhealthy pattern and can’t break out.... so where do we go from here.... In my opinion Elliott needs to forget the friend zone and go down on BTC.... because if this happens Elliott’s mind will blow almost to the moon when BTC is done.... BUT is BTC just teasing us or is this only going to be a Bull Trap? Safe and happy trading! REMEMBER ALWAYS USE PROTECTION (minimise your risk, use a stop loss.) ALWAYS!!!!!!!!!!!!!!!!!!! LNE. DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like.... :) <3
BITFINEX:BTCUSD
by LisaNEdwards
34
What Is Corn Up ToOn a bigger timeframe, it looks like we are forming a Contracting Triangle. These will generally have a .618 relationship with one pair of internal waves or more. Currently, we have already had the relationship occur once, meaning that it doesn't HAVE to happen again. However, assuming that it does we have a good idea of where things are headed. I Included another wave of a higher degree to give a better frame of reference as to where we are. Let me know what you guys think
BITMEX:BTCUSD.P
by NotGemini
TRON #TRXBTC - impulsive breakout higher, where is the target?After a very long waiting time to complete the correction in the B wave, the cryptocurrency TRON has finally beat the top, testing the first level of technical resistance at 700. Five growth waves are almost completed, so it's time for a downward correction in which the area between levels 400 -500 will be a good zone for entering long positions. The first goal for wave (3) is the level of technical resistance at 947 or 38% Fibo at 977. It remains to keep your fingers crossed! PS: Follow me to be sure You will not miss any update! PPS: Next analysis will be publish after this post will get min 50 likes! :)
Long
by sebastian.seliga.7
7
Lisk #LSKUSD - in interesting demand zone, will it rally?Since the misfire with the conference of cryptocurrencies LISK, where the main event was to show a new logo, the price is slowly but surely overcoming successive levels of support. The last important level was $ 12.00, which was also stamped. Currently, the price is closer to the level of $ 10.00, which falls already in the demand zone. This zone extends between levels $ 6.50 - $ 10.00 and previously behaved like market support. From the point of view of the Elliott wave theory, the current declines may be coming to an end, because the downward (W) (X) (Y) (X) (Z) folded over time and in the large wave cycle (A) may be at the end . Until the end of this cycle, the wave of a smaller cycle, ie the wave C from the wave (Z) would have been missing. Potential increases, however, do not seem to be impulsive, because the upward wave will be the wave (B) of the downward cycle. Setting the target level at $ 21.75 is quite optimistic in itself. Please note that after the end of the wave (B), unfortunately, but it will be time for more drops in the wave (C).
LLong
by sebastian.seliga.7
5
Bitcoin #BTCUSD - growth still possible, key levels aheadThere is still a chance for another upward wave as long as the level of $7,700 is not clearly violated, because the ABC zig-zag correction looks now completed. The key level for the upside is still seen at $8,271, so a bullish breakout above this level is required to confirm the bottom is in place. Breakout above this level will open the road towards the next technical resistance at the level of $9,187. On the other hand, a failure to rally here will likely lead to more decreases towards the technical support at the level of $7,230. Any breakout below this level will invalidate the impulsive scenario.
BITSTAMP:BTCUSDLong
by sebastian.seliga.7
11
BTC Update 25 MAR. HUGE critical area.Imminent approach to $8400-$8470 is coming for bitcoin. After that, it will enter a critical area of huge proportions. Basically it can go anywhere from there. Personally, I WILL stay as far away from that area as I can. There are three major scenarios at play here: S1) GREEN ELLIOT WAVE It will reach 8470$ and bounce back up 'thus confirming the GREEN EllliotWave Must barely touch critical area no. 2) S1.1) OR it HITS $8600 area and bounces dwon again,'thus forming scenario S3) S2) YELLOW ELLIOT WAVE HUGE Second EW to be made. Can start anywhere in critical area no. 2. S3) RED ELLIOT WAVE This might just be another ABCDE correction, which is forming a descending triangle. Higher bounceback area might produce a ascending triangle, but it would be too messy to chart. Also might start in critical area no. 2) S4) ALL ELliot WAVES FAIL. (highly unlikely scenario). And we are returning to $7300 S5) Not everything fails and yellow EW bounces back at $7800 to make a nice 3rd WAVE. (but I doubt this one as much at S4 ) Critical Area No. 1 is where the fun starts. Either will stay in triangle trend, or it will break to form Elliot Wave. Make sure to follow me here, for more updates on this chart.
BITFINEX:BTCUSD
by reynar
SPY to target 234-242 in the weeks aheadSPY has completed a nine year bull run that peaked at the end of January. This run on the log scale has been a beautiful 5 waves, with wave 3 a near perfect 1:1.618 extension of wave 1, and wave 5 a near perfect 1:1 extension of wave 3. As such, I now anticipate we see a significant retracement in the months/years ahead. I hope to publish my SPY targets as this journey unfolds. My first target suggesting the bull run is likely over has already been met (published here recently). The next target is as elucidated above: SPY in the next few weeks will head for a touch of the 9 year log trend line. This trend line touch will depend on the speed at which the upcoming fall unfolds, but I'm expecting the touch will be in the 234-242 range. To get there I first anticipate SPY gets a positive bounce off 257 (likely Monday, 3/26). I see two possible scenarios for this to play out. Scenario 1 (pink arrows) takes SPY in a B wave to 266 for a 38.2% retracement of wave A down. Following this move up, SPY will start to head down toward 242 as wave C. 242 would be a nice 1:1 extension of wave A of this complex off a B wave move up to 266. I would be more likely to expect this if we get a slow steady bounce off 257 as SPY heads to 266. Scenario 2 (green arrows) could unfold if SPY gets a sharp move up off 257 all the way to 272. If this happens, I will be looking for a sharp move down all the way to the lower end of our target range over a shorter period of time. This could yield wave C as a 1.618 extension of wave A with a target of 234 for SPY. I'd appreciate your thoughts (and support)! Of course, this may not pan out (and almost certainly not exactly as outlined), and I therefore I will adjust my projections as this continues to unfold.
AMEX:SPY
by CryptoTA4U
BNB/USDT Update 22 Mar 18BNB seems to be making an (open ? - I really can't grip the word right now) triangle formation WHILE also trying to break the 11$ . Well, that's at least what it was trying to do before the Bitcoin Shakeuk which happned while I was writing this. So I guess it will stay in this triangle for a bit more. Showing Strong Support on 10 USDT and 10.3 USDT. If those break, STRONG SUPPORT on 9.6 $ (Thanks Bitcoin...) There are two critical areas in my opinion. If it managed to breach one of them, the open triangle trend might change and Elliot abcde might fail. I can't really do better than this right now - I'm on a 14'' screen for a long time. This is what I'm seeing at the time of writing this. Things probably will change if BTC makes another dive - adapt your trades accordingly.
by reynar
ETCBTC - Deep 4th wave Fib Retracement & 6.6 R:R for 5thETCBTC pair on 30-minute chart Using Fib Retracement on the 3rd wave, the 0.618-0.65 pocket for the 4th is likely to be around 210,000 satoshi (0.00210000). This would be a good buy position for the fifth at 255,000 satoshi (0.00255000) with a stop limit just below the 0.786 which is not far from the 0.65. The Risk to Reward here is 6.6 I think this is worth a try. Note : This is not an recommendation, just an observation and experiment with wave analysis projections.
Long
by MarcusAtb
8
XRPUSD (RIPPLE) poised for a bull move? 4hr tf analysisRipple's (XRPUSD) sell off terminated at ~$0.53 which is within the Weekly and Daily support area that I mentioned in this post: Price close at ~$0.53 has been determined to be a possible termination point of a minor wave C. Target area for the current upswing is shown here as between $0.77 and $0.82. Failure to move above this resistance could see price return to the support area between $0.57 and $0.41. If price closes and holds above $0.82 (upper range of the target area), XRPUSD could possibly reach ~$1.20
BITFINEX:XRPUSD
by Coin_Analyst