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ABC

Scam BTC WinnerOne of my friends called SV delisting as "mental orgasm" I totally agree with that. Bastards responsible for BTC dump from 6k to nearly 3k, that rekt so many good traders, are now rekt themselves. RIP BCH SV. So what it brings to ABC? First of all money from SV went directly into ABC and pumped the price by 10%. As SV will slowly be delisted by other exchanges, ABC rate will grow. All depends on the main Bitcoin, but perspectives are pretty good. Pullback buy zone 600-610 (580 in case of BTC fall to ~5k area) Targets 640 - 670 - 755 Stop loss below 560
BLong
by WiseAnalyze
Bitcoin Weekend Update, ABC Correction Last update i talked about taking a break this weekend, glad to see the market thought the same thing :). Going to do a small weekend update here, but you also need to know that my general view has not changed. The whole plan past week was to see a shake out happen, which we finally did. So for now, my assumption of the ABC' on the left still stands and the ABC' on the right as well. No reason to think otherwise at this moment. Yesterday i hoped to see like 4980/5000 and then up to 5200ish to complete this ABC'. Instead it went up a little bit more and turned into what seems to be a bearish wedge. Volume picture of the wedge seems to be correct as well, but the past half day, it just doesn't want to drop. So i am starting to think this wedge, which has a target around te 4900, might fail. A drop to 4900, could also become a double bottom btw. That green support on the right around 5030/50 has supported Bitcoin' price several times now. Think the longer it stays above it, the bigger the chance to see it move up from here. The 5120 seems to be a solid resistance now as well, so i think we can assume that channel with the 5030/5120 range seems to be legit. So a break of these levels should show some follow through of another 90 points (difference of the range). So ideally we see Bitcoin' hit 5200 and then dump again towards the 4800. In the green zone we want to see Bitcoin' find some good support with a few small bounces and then see it slowly turn up again. In this scenario, we want to see volume move into a certain shape as well. The red line is like an indication of how it should move. So after seeing some successful support around 4800, see volume drop and then if we see it bounce up a bit to see volume increase a bit. Then drop a little and then see price move up more and volume slowly increasing as well. The volume increases don't have to be big, but there really need to happen, extremely important. A break of 5200/5300 should show a big volume increase. If we see something like that, we could really see another big rally happen coming weeks. It is very unlikely to assume the rally is already over. Of course anything can happen, but i think those chances are like 20%. A break of 4800 would like increase that to 40% and below 4700 it will start to get dangerous. Assuming it will all play out, it's hard to say what the potential is. I have a few possible targets, which are 5900/6500/6900. But these are a bit subjective, but worth having them prepared. Normally, the 80% chance i mentioned for seeing another rally, should have a minimum above the previous but should at least reach like 5600/5800. A lot will depend on how strong the breakout would be when breaking 5200/5400. A party pooper could be a big volume break of 4800/4700, so even more volume than the drop from the 5450 high. Will try to post a new analysis again tomorrow. Thanks for all the likes and support again for my previous post :) Previous analysis:
BITSTAMP:BTCUSD
by botje11
69
XAUUSD - ANALYSISAs we look at gold this week i have marked out two directions based on probabilities of the market going up or down. simple strategy - BREAK, RETEST & ENTER. want to see if price is going to respect the downward channel, if price does break back down into the channel, we will be waiting for a retest back onto the line before i look at taking any short positions. if price does not break back into the channel and simply bounces back off of this line then we will be looking at a buy towards 1297.000 level. this week we will be intraday trading gold, end of week we will review what the market has done. Follow us on our social media platforms, Youtube - Learnitempire ( LIKE FOLLOW SHARE & SUBSCRIBE) Instagram- Learnitempire Private Instagram - Vellly Comment #Tradingview on any of our platforms and we will give a weeks free set ups for life! Because Everyday Is Money Day
OANDA:XAUUSD
by LitCap-Vell
BREAKDOWN ON GBPUSD - SELL LONG TERMExpecting GU to rise higher respecting the trend clone swings along with a the 21 - 38% pullback for a continuation downwards. on a higher time frame this is also a ABC directional trend going down too. only time will tell on what this pair might due but happy to say we will catch the move which ever direction it goes. majority orders right now are for a buy so its inevitable banks are going to eventually flush all buyers out the market and hit SL's. Follow our Youtube Channel and please commentm, share and subscribe! - Learnitempire Instagram - Learnitempire Account Holder instagram- Vellly Everyday is Money day!
Short
by LitCap-Vell
Sorry BITCOIN-Bears! You Don't Stand a Chance - Go BULLS!Dear Friends! It's not any secret, that D4rkEnergY was the first to call a Bull Market. Already February 5th I did spot the accumulation-phase, and told you when we would escape the Trading Range. On Twitter 2 weeks ago, when everyone was bearish, I told you, that we soon would enter a Bull Market. Enough about how good I am, and let's instead take a look at the 2H XBTUSD Chart. Let me just start put it out there: Bears don't stand any chance at this very moment! THE only thing that can save you bears is IF the big spike we had was manipulation. BULLISH SIGNS: - We have escaped the down trendline - Since December 15th where our uptrend started we have had increasing volume. We also call that Price/Volume Trend Convergence, which basically means that is supports the ongoing trend. - Bullish Momentum is huge - Increasing Global Market Cap and Volume , which tells us that the Market Sentiment is bullish Let's take a look at the TA. Even though I have been bullish and been LONG since 4,800 USD, I must agree that, I have had a hard time to figure out this 4th wave correction. I've spent a bit more time on my Elliott Waves, and have now come to the result you can see above, which also is the most likely scenario. What we have here is is a Primary 1-5 Structure (in blue), but where we have an EXTENSION (in orange) inside the 3rd Wave. We are now in the process of making the 4th wave in orange. And as I mentioned before, right now it's pretty hard to determine what kind of a correction we would see - I tried yesterday but it didn't work out that well. But I now see 2 options: 1. A triangle correction which we also label ABCDE 2. Or some kind of WXY with a Flat Structure first I promise to keep you updated, when we get more info! D4 is here for you <3 And as always - I would be SUPER HAPPY if you gave me a LIKE - Thanks in advance!
BITMEX:XBTUSD.PLong
by D4rkEnergY
24
BITCOIN Might Be Ready For TAKE OFF! Watch Now!Dear Friends! Let's just right into it. I have tried to identify the complex 4th wave correction pattern. It looks like we have a WXY (Double Three), which consist of first a Flat Structure with B as a Triangle Correction (ABCDE) and then ABC followed by a another Triangle Correction ABCDE. If this is the case we should very soon continue to go up and start our 5th Wave. It's always hard to determine these waves, but one thing is for sure and that is, that the bulls are in control. Here I have used Classical Charting, which show us the same picture. The Right Shoulder on the Head And Shoulder formation is big, why we usually will not see a huge drop or retracement. Also this simple chart tells us that the Bulls are in control. - We have escaped the down trendline - Bullish Momentum - look at the MACD Histogram - RSI looks good (not overbought) - Bullish Volume is again above MA20 - Increasing Global Market Cap and Volume, which tells us that the Market Sentiment is bullish I hope you liked it! Please leave a LIKE, my friends. D4 <3
BITMEX:XBTUSD.PLong
by D4rkEnergY
25
GBPNZD - Clean channel, low risk/reward. Looks good.If my count is correct (12345), I believe we have a pretty clean long position here.. (Can a '12345 corrective' come immediately after an ABC? I'm only beginning to learn Elliot rules.) Channel looks good, take a long with a stop shortly below the 2 and 4 position, below the channel. I feel like if that doesn't hold there isn't much evidence for a long. About 300 pips move, if it makes it all the way! I'll be looking to exit around the median line to lock in profits.
Long
by DonjonCapital
EUR/CAD (W,X,Y) Elliott Corrective PatternI was able to spot a few key rules for why this might play out the way it shows. Starting from the high on March 2018 we can begin to line up our WXY pattern. Within that WXY Corrective waves, you can find the ABC correctives. I'll leave you to interpret how you see those but I left them out to make the chart look cleaner. - If you look at Fibonacci drawn from the High in March 2018 (0) to the Low in August 2018 (W) you can see that (X) has retraced to the .618. (You will have to place this fibs on your own as well. I have left it out to keep the chart clean.) - Using the Fibs Extension from (0) to (W) to (X) you can hope that price will hit the . 618 retracement and that will complete the (A) wave for the (Y) correction. - The (Y) wave would be finished up at the purple resistance line. This is a resistance that has been tested for 2 decades. I've also used the distance measured from the first (0) to (W) wave to measure the (Y) wave. PS: I'm still very new to this so I know my terminology or TA might be wonky but I hope I get some constructive criticism as in confirming my analysis or showing me a way in which I'm wrong.
Short
by CrisBarr96
1