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Ending Diagonal

$BTC: Ending Diagonal? Going down soon?When I made my last TA I counted that the last run up to 9,800 was the wave 5, however right now I am convinced (after finding it hard to count the recent rebound's waves) that we are wave 5 ending diagonal , better yet, a textbook truncated 5th ending diagonal . Either way, even if my last TA is correct and this one. They are both going down, they both have the same targets. Now, if it goes up, hurr durr your TA is wrong raizu, well, take a look at the chart, it is suppose to go up one more time, and what if It didn't? well that's a very huge bearish sign for me because the selling pressure is too high we didn't even made a good intermediate wave up. However, ending diagonals tend to end in a fake out before going down so keep this in mind. Though you may ask, why do I think that this is going to be truncated, the main reason for that is we went too high, too fast without any major corrections . This is a sign that we may be headed for that. 2nd, the 1st wave up of the ending diagonal just seems too small as well as the third as it forms a 3-3-3-3-3 pattern it just won't reach it. Also, the next move up will be the intermediate wave 5, that is also the end of primary degree wave 5, and a cycle wave 1. We are going down hard, and what I mean by hard is that, cycle wave 2 targets need to be measured on fib levels of the cycle wave 1. Which ends up on what I have written on the chart itself. So, does that mean that the alts will also go down? Sure it will. Have you noticed every-time $BTC falls? Even a little, alts panic sell and then rebuy if dip did not continue. That is engraved on the mind of many right now, maybe even bots are programmed that way since the market is heavily correlated to $BTC. Now then, what good alts to go to for you may ask? I don't have a PhD but from what I can say, $DGD and $HPB looks good. $LTC looks quite nice too since its being accumulated for the longest time now. If I were you, when we are near at out targets, I am going to look for the coins that fell the hardest since they will probably rise the quickest too, unless fundamentals says otherwise, remember what happened to $ETH? Me too!!!
BITFINEX:BTCUSDShort
by raizumaraiz
1
Aud/Cad buy setups may be comingAcad actually gave us a small ending pattern so I think we will start getting some buy opportunities. Keep in mind the long term sell is what I really want. It should be corrective so expect it to chop down when it corrects. We don't ACTUALLY have full confirmation so I would suggest being careful with it. I would like to see it make a 4hr flag at or outside of trend line and that would give fairly safe entry I think. So look to trade the break of any downward corrective structure until something changes.
Long
by thillygoosth
NZD/CAD sell updateNcad came off .786 fib and has now broken out of ending diagonal... I will just make a short video and post it on my channel to better explain how to go about trading it. I've posted a couple sell entries I believe. Entering right now not the smartest entry point, it can go down a lot more but we should get a larger correction before BIG drop. You may get some flags to sell some more this week. These diagonals will very often at least reach high of wave 1 (see blue ray lines), but we should get 1 more buy for the correction. I can't explain it properly in text.
Short
by thillygoosth
AUDUSD (Bearish Cypher Pattern) -4h ChartConfirmations for Cypher Pattern: - A to B must touch 0.382 but cannot exceed 0.618 (on this case 0.5) - B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension) - C to D must touch 0.786 of X to C - First TP at 0.618 of D to C (Fibonacci) - Second TP at 0.382 of D to C (Fibonacci) - Third TP would be long term to previous support Left Leg of Pattern A flag was formed with an ABC pattern, which gave us that bearish impulse for point C of our Cypher Pattern, even if you measure bearish impulse with Trend-Based Fib Extension you can see how price bounced around 1.272 -1.414 area. Right Leg of Pattern On this side is where it gets complicated, because of all the patterns that are on formation. First another flag was formed with ABC pattern, I measured bullish impulse by placing 0.236 right above flag and we can see point C rejecting 0.618 for bullish continuation. After first retracement we now get our second retracement for possible Ending Diagonal Ending Diagonal confirmations: - 1 and 4 at same price (I expect price to retrace at 0.236 where point 4 would be) - 5 clear points (point 5 would give us our bearish area for Cypher Pattern completion) - take profits between 0.786 - 0.886 (around third TP of Cypher Pattern) Second retracement is in formation for bullish continuation at point 5, where Ending Diagonal and Cypher Pattern would be completed for bearish impulse Good Trading.
Short
by DanielParra99
GBP/CHF sell updateThis is the idea on Gchf. I just want to point out the amount of divergence coming in on the 4hr. Check out the 1hr. I believe it came down from top in a leading diagonal indicating further downside. I think it will either drop from here or make a small wave 4 and go up to .618. This is about a huge swing and trying to catch an entry on wave 3 that I can hold. It made a small ending diagonal on 1 hr and went sideways, pending breakout at trend line. It could be on wave 3 of the smaller 5 wave, but may have been 5. Keep in mind, I have explained this pair many times on my weekly outlooks and such, I suggest you follow the videos on my link if you trade with me. This was a long corrective pattern which finished with a huge ending diagonal and double top. I am definitely looking for more downside and if it was to drop from right here, the 1.618 fib extension takes you straight down to the 1.22600 level at the major supply zone. Also keep in mind I understand more modern forms of wave theory and that the market does not always follow a basic elliot type count, but that is how I see this within this smaller structure. That would make this an expanded flat as of now. Also keep in mind this is a Chiffy pair and may test your patience and risk management skills, plus this A-B-C can just be part of a more complex "B" wave, possibly pushing up to even the .786, but definitely needing at least one more push down even if only corrective, in my opinion, however this pair has the potential to even fall out the bottom and break the low of structure being a wave 5 down on weekly.... eh, out of breathe.
Short
by thillygoosth
BTC FEB 22 2018 4 BEAR Diagonal ???BTC from a bear outlook is an an ABCDE diagonal pattern. IF correct BTC will find some deep new lows. I am not ready to throw in the towel on a continuation of the bullish trend but I must say the MACD and RSI are pointing lower. Why do the MACD and RSI continuing to suggest we go lower today matter to postulate the bear view? Because if we are doing a corrective wave before a return to bull trend and BTC moves very much lower from here it is going to invalidate Fibonacci counts for a minor wave 4 or a wave 5 correction. Keeping a stop tight and waiting to see at this point is the best option if long and if a bear probably you are feeling pretty convinced. Lets see what today brings there is lots of room below to short this if the bears are correct.
COINBASE:BTCUSD
by bshgeo
BITCOIN CASH Bounced; Bullish Reversal Is HereBITFINEX:BCHUSD lost around 80%, but decline looks like correction within uptrend. Why? Well, there are many factors. If you take a look on weekly chart, you can clearly count five waves up from lows, which means we are in a bullish trend. When BCH hit 4000 at the end of December into wave (V), there was a sharp drop and correction has barely started, because typicaly in EW theory after every five wave impulse, a three wave retracement is required. After sharp drop into wave (A), there was corrective move into wave (B) and then slow falling range within ending diagonal pattern (reversal pattern) into wave (C). BCH hit our expected target and important support at previous wave (IV), mentioned many times and highlighted in previous updates! So, currently BCH bounced nicely within 5 subwaves into wave i/a, which is another sign that correction can be completed. But we have to be careful, so first, we have to respect the market and look for minimum expectations, we are expecting minimum three waves up A-B-C or 1-2-3. If BCH after only three-waves up sharply drops, then this will be only a correction, but if goes up with five waves and break above 1790 bullish confirmation level, then BCH can be in bullish trend again and can be on the way up to a new all-time highs!
B
by ew-forecast
10
ZCL/BTC Follow Up PredictionsAs i have been learning more i went back to look on previous TA's i have done and found a couple areas id like to improve on, i tried to fix any issues i saw in my previous attempts. One being my ZCL/BTC prediction. Although my targets were not too far off i wanted to make it a cleaner chart and do a bit more analysis on previous patterns within the chart and to kind of show my work on how i got to my predictions. Here is what i came up with. If there is anything you would like to point out that could help me improve my TA id appreciate it. **Targets only for prices not dates, i am more interested in getting the proper price targets first before i start trying to nail certain dates and what not** Thanks!
Z
by nickd534
3
BTC DAILY FEB 12, 2018 Ending Diagonal Breakout Needed Here!BTC is right on target I believe today to break out of the long term Ending Diagonal it has been trading inside of for the past weeks. Breaking out of this will be really solid confirmation of the bull trend establish lately and really alleviate fears of a second test of the low before we go into a full blown bullish pattern. If we fail to break out here which seems unlikely expect BTC to retest the low of 6,000 or possibly even move lower before resuming a bullish pattern. We have been trading sideways here for a few days with the typical swings up and down to reach this key event. I would hold long positions with stops to prevent any loss of profits since entry and to limit downside risk as always. I expect BTC to continue in the current bullish trading pattern and break out of the diagonal as we move much higher in 2018. In other trading I see most alts trading sideways and little overall bullish movement. I expect as BTC continues to mint more bullish action as money moves back into the crypto's overall pushing the market cap upwards again. We should have a good 2018 and I expect this spring to see strong moves upward and starting in the not too long future. Cheers - do at least one fun thing today!
COINBASE:BTCUSD
by bshgeo
1