Lots of money to be made right now if this is a big ABC correctiIf we are doing a big ABC correction, this analysis shows how it can go down. Gant fans used to help time with major events coming up that can shift sentiment.
2 Gant fans - 1 off ATH's to Dec pivot. another from Dec pivot to 2700 target. Fib targets shown to the left from the 2 big pulls and Fib level (50/100) shown to show our recent reaction off these levels. There is so much confluence to justify a pullback at 2700 which is the 618 from ATHs.
If we were to continue thru straight to 2800 without a B wave, we would have to stay in a very tight channel, leaving no room for an impulse. I don't see this as likely. Lots of people calling for a drop. Lots of people thinking we keep on rolling. I think this analysis is a happy medium, and can surprise a lot of people... which is what we're used to. Lots of money to be made here if we do get a sharp reaction off the 50/100 fib levels.
ABC
EURUSD 1HR Simple A-B-C move before next move up??...Looking for price to move aggressively higher. NOTE: If it doesn't, and just moves correctively higher, then will be expecting move lower instead and as a result not holding onto any longs.
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After an ABC correction, the S1 support was able to handle the fall. It seems that we are already starting a reversal.
ETH Still BullishEthereum is still showing bullish potential and we can see Wave 2 ending with the ABC correction.
C correction Wave was really brutal but gives new buy opportunities; it's a waiting game now.
Constantinople fork can give a new bullish breakout however I'm not so keen on trading the news.
These trades will be for the long term, I'll close some positions around Wave 3 but the majority will be at Wave 5 targetting $500 price area.
Looking to Take Profits on BTCI believe we have just completed the 3rd of a 3rd of a C wave on Bitcoin. It is looking like a typical zig-zag correction before a further 5th wave downward in late January/early Febuary. I do not believe this C wave will reach the expected 1:1 extension of the first bounce so I will be taking profits at the .618 and the .786, which happen to be very close to the 1.618 of the respective one waves on the minute and minor scale. A Move Below 3900 invalidates my count and I will be out of the market. I should also mention the 3rd of the 3rd wave may not yet be complete. Bitfinex did not reach higher highs with the push up on January 8th
Long Position For Bitcoin (BTC)Hello everyone, this is my long scenario for btc after the first wave hit the .618 region and completing an ABC correction pattern.
We have very heavy support at the .618 region and if we do break that level this scenario will no longer be valid
If however, we do break the previous high made this month we will likley hit a strong target of 5200ish at around the 1.618 extension level. This is a very good trade in terms of risk-reward.with an almost 4-1 RR setup.
P.S After hitiing the 5200 Range there is two more places we could go Either in a accumulation phase or we could possibly go down to 2,000. I will post more about it when we reach my targets or if we break below 3450.
a week upwards , A day downwards ... abc/cashbuy zone and resistance are marked on chart.
it seems to test 147 or lower ground before going high again..