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Elliottwaveretracement

Butterfly on BTCBeen on vacation for a while and finally back to the chart. What you see here is a potential butterfly on BTC. Trade should be taken between 34.5k - 35k. Confluence for this trade: - 3 Fibonacci Gan Fan. - Golden pocket. - Butterfly Harmonic with a 1.27 fib level. - Monthly level - Naked POC. - Elliot wave 4 count There are probably way more confluence why the price is likekly to fall on this price. Stoploss above invalidation (35k). TP levels: 30k, 27k 25k and 20k.
COINBASE:BTCUSDShort
by Chahin073
3
BTC - Will Bitcoin ever find its DIP ??Hello traders, Eiiishhh, what a crash it was on the worldwide market!! But don't worry, we will soon see the bounce soon coming back after we finish scaring everyone. We are entering into the strongest support zone of BTC, which is also the B of my blue ABC, that will be on its 123%/127,2% My lowest price objective will be 28420 , which is the 161,8% of the green ABC of the blue B **Make sure to check the entire chart in order to understand the analysis** . . . Don't hesitate to put any comment, I will be happy to answer them
INDEX:BTCUSD
by ModTrades
Bitcoin 💵💵💵😊💵💵💵Bitcoin just moved exactly as we predicted based on our previous post 👇 So far we are in a correction of wave (1) and we're expecting bears to be in control all the way down to 19156 zone. Then bulls will definitely get on board to ride the all the way up 121652.. Please, don't miss the next coming bulls move, as this will the longest bulls move after wave 2 correction is completed. Remember this , Bulls need more gas to take control of wave 3. Wishing you all the best...💵💵💵😊💵💵💵
BITSTAMP:BTCUSD
by Ghost_Trader_SA
NASDAQ continues its drop to its final destination. Hello traders, As you can see after a crazy meeting by our lovely FED president J. Powell, which upped the federal funds rate to 0.75 percent – 1.00 percent by.50 percent, or 50 basis points. The Federal Reserve anticipates that the federal funds rate will continue to rise. On June 1, the committee will begin to reduce its holdings of Treasury securities, agency debt, and agency mortgage-backed securities. Anyway, we are now experiencing what the Elliott Waves was showing us earlier last month, and we are about to complete the correction ABC. As you can tell I have 2 mains strong objectives: FIRST: 12250-12195 = which is the 123/127,2% of extension of the green C and the 161% of the white C of the green C SECOND: 11660 = which is the 161,8% of the extension of the green C and the 113% of the extension of the blue C I will put more screenshot bellow for you to understand.
NShort
by ModTrades
AUDNZD Trade Idea - Elliott WaveLet’s discuss the price chart of the AUDNZD currency pair based on the Daily timeframe. From the Elliott Wave perspective, AUDNZD appears to have completed Wave 3 (circle), and is now moving countertrend in Wave 4 (circle). The subdivisions within this bullish price move are quite clear. The most probable termination point for third waves is a 38% retracement, measured from the start of Wave 2 to the end of Wave 3. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 4 (1st vertical line), and is projected to form a bottom on June 27 (2nd vertical line). Based on this, we can expect prices to move lower to at least the 38% retracement level near the 1.0740 level. Price should find support at or near this level before we see one final push higher to complete Wave 5 (circle). If you find this analysis useful, make sure to press the “Like” button and Follow us.
Short
by ForexTrainingGroup
APE 3 NEXT MOVES PREDICTION BASED ON ELLIOT WAVEIf there is one thing I love about APE it is the way it respond to Elliot Wave analysis. Wave 1 ending at $17.298, wave 2 respected the Fibonacci retracement level of 0.786% at $9.505 then consolidated forming the a,b,c,d,e corrective Elliot wave 2. After breakout we see the 1.00% Fibonacci Extension perfectly at $19.580. (now this is where the trap occurs most time this level are not perfectly respected they tend to poke out a bit) and that is why I have set a tight stop loss above $19.580 but I am confident based on how APE has been respecting these levels perfectly. And yes this is what I love about APE! Furthermore the next retracement downward (you can take a short position at set target at ($17.150 - .120). If APE continue to behave nicely as it has been doing then we will see upward movement from ($17.150 - .120).
by DewyCandles
USDJPY Trade Idea - Elliott WaveLet’s discuss the price chart of the USDJPY currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, the price action appears to have completed Wave (5). The parallel channel also confirms this analysis. Additionally, most momentum oscillators are forming a bearish divergence pattern, which is typical at the end of fifth waves. Essentially the upside momentum is waning, and a downward correction is imminent. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 1 (1st vertical line), and is projected to form a bottom on May 6 (2nd vertical line). Based on this, we can expect prices to move lower from here. The actual sell confirmation would occur upon the breakout and close below the lower parallel channel. A Fibonacci retracement of 50% of the entire bullish impulse would be a likely support area. If you find this analysis useful, make sure to press the “Like” button and Follow us.
Short
by ForexTrainingGroup
1
GOLD - EW main count !! LongHello trader, good mood and profitable deals! 💲 GOLD 2 hour chart EW - Analysis This is my Elliot Wave main count!! EMA 10 - 13 - 20 and EMA50 in red are also geared towards EW. EMA50 serves as a strong support. This should hold otherwise we should prepare for a stronger bullback or trend change! I would like to mention that all I post are just options and my own opinion! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas!
GLong
by TR7z
2
GBPJPY Trade Idea - Elliott WaveLet’s discuss the price chart of the GBPJPY currency pair based on the 240 minute timeframe. From the Elliott Wave perspective, the price action appears to have completed Wave B of the corrective sequence just beyond the 78.6% Fibonacci retracement level. GBPJPY is currently progressing in Wave C down. From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 6 (red vertical line), and is projected to form a bottom on June 13. Based on this, we can expect prices to push lower from here. The confirmation will come upon a breakout below the lower channel line and is likely to find support when it reaches a 100% Fib extension of Wave A. If you find this analysis useful, make sure to press the “Like” button and Follow us.
Short
by ForexTrainingGroup
4