3-WAVE
$BTC D-Wave 4h chart$BTC 4h chart has locked in the 5 wave pattern at the making of the C wave lower than A wave. The current C wave close being $44671.58 as in Coinbase data. The C wave down have also made the target (1.618 times the 5A move).
I am expecting a new 1-5 wave up pattern from here. That expectation would be crushed if we retrace pass the low of wave 4 at $37300.00. A reasonable retrace target (if we do retrace more) would be the 200 period average on the 4 hour.
This recent move down is partly due to $ARK reducing exposure to crypto related stock. I am still bullish $BTC from a perspective of swing trading.
The analysis is based on TD D-Wave theory by Mr. Tom Demark.
"XRP to the moon!" - they say...Within a couple of months, I watch over this chart. And wait a lot this diagonal structure. Now, I hope, that the nearest big drop put dots in places.
It's too much happy news around Ripple. This can't be so clean and simple.
Get ready to buy XRP much lower, than it is now!
Compound next price targetAfter correcting above the trendline 525. Price will first either either correct to 600usd. If this happens several possibilities will unfold. 1st a 3-wave pattern triangle might form to quickly give d market a push above 600, then straight way to next target. 2nd, if by chance it fails due insufficient liquidity, might descend to form an ascending channel of 3-5wave pattern, a rectangle of which a breakout will terminate the pattern to move to target. Lastly price moves so fast to target, it's gonna need a lot of bullish pressure to keep it above target of which if d buy orders keep on limiting will result in a mini crash to complete d correction it suppose to have done at 525. This will bring us to the beginning of a new market pattern of descending triangle between target and breakout of which may be continuous or discontinued by a divergence leading to another Elliot wave case event. In summary, a breakout candle is okay to which a bare correction will be needed to satisfy Elliot wave be heading to target. A slight correction is better which will move price to target and leading higher price target.
WAVES - Don't Miss This 2/3x Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
WAVES is sitting around a strong demand zone and round number 10.0 so we will be looking for buy setups.
on DAILY: WAVES formed a double bottom pattern but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the gray neckline to buy.
Meanwhile, until the buy is activated, WAVES would be overall bearish can still trade lower till the 10.0 before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Dangerous crossingHard time getting past the resistance line.
Two possibilities:
- If price moves down after this ABC wave then the corrective move is not over yet (Meaning we haven't seen the bottom).
- If this ABC turns into an impulsive 5-wave then price can try for new ATH later. Needs to break resistance line soon for that to happen.
Be careful.
bearish wolfe wave BTCUSD Bybit I see a bearish wolfe wave at bitcon.
The Gundstruktur stands already, we have the High-Low-HH and HL, in the overbought area we were also already and have respected the limit for now.
In addition (not to be seen on the chart) we are in a strong resistance zone.
For more than 80 days, we are in a range after the big sell off in mid-May.
I doubt that we will break out of this without pullback to the top.
The target would be matching the middle of the range.
Definitely worth a trade.
Bullish Wolfe Wave CADJPY All the prerequisites of a WW are there.
Possible entries are marked in green. The 1.618 + 2.168 FIB level.
The wavereader is in short mode, rightly so, however I think that if it gives us a take profit signal of the short signal, together with the WW we have a good trading opportunity