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gvt wave 4 correction or full cycle corrective C wave?quick new light on the current gvt scenario. looking at my other charts all evidence suggests that this is a wave 4 correction however retracing to to 0.38 of wave 3 pushes my thoughts into this possibly being a full cycle correction. harshly 0024 should be the bottom of a WXYXZ correction and liftoff to wave 5 should be imminent. in an extreme case this could be C wave of an ABC heading down to 0020 however there is no evidence prior to suggest a full cycle was completed and therefor we shouldn't see this low. i believe the lows we are seeing are part bitcoin slump, part alpha 'demo' (not live) and the rest were people just cashing out into other projects that may of taken off. green candles just around the corner, fingers are crossed :)
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by cooper_5e
1
WOW! The LIE About BITCOIN -This Is What Will Happen Now- MAYBE!Hello My Dear Friends <3 So yesterday I literally nailed it, when it came to finding the bouncing area. BUT that was not good enough. I did expect more. I assumed we were done with our Blue A-Wave correction, and was about to ride up on the B-Wave. Everything was also looking good for at long time, all the indicators were pointing in that direction. But when we couldn't break the 6,900 USD level, and get our 3rd sub-wave going. I then started to doubt if this scenario was the right one. We now got more data, and we obviously have to adapt and adjust to our new knowledge. As you can see, I have moved Wave A further down in the 6k area. The reason for that is, that a bear flag has taking form, which predicts we will go lower very soon. The RSI also confirms that. The price is making higher lows, but the RSI is making lower lows. This is called Regular Bearish Divergence, which is a reversal pattern, which means we will go down. All this together will also match our sub-waves I have drawn for you in pink. The 3rd wave is reaaally long (around 326 % percent of the 1st wave) but it's still valid according to Elliott Wave Theory and Fibonacci Ratio Extension Relationship. Expect therefore, that we first will go down to around around 6,400 USD, where we also have the shortest Low Volume Node. We can expect a small correction there - hereafter we will probably go down to 6,000 USD. D4 Loves You <3 Once again. I would appreciate a LIKE - It will encourage me to make more free content for you guys :)
BITFINEX:BTCUSD
by D4rkEnergY
271
Very big bottle of Heads & ShouldersI have lost my drawing tablet pen in a recent trip, so until I receive a new one I can only do crappy drawings with the trackpad. But I wanted to get my idea across somehow. Not the end of the world, but no-one likes dandruff right? BTC couldn´t bear it anymore so she went to ABC Mall and got a huge bottle of H&S, The thing had been kept consolidating in her shoulders, and this product should have been the perfect correction to the problem, but guess what? It didn´t work. Now she feels so naive. She realises that the reason why she purchased this is because she saw an advert on TV by one of those so called hair gurus and anal-stylists that claim to have the solution to your problems. She called ABC to complain about the failure. They said that she should invert the H6S before using, that will make it work they said. Bullshit she said. She had already paid for it so tried it anyway. The bottle broke out from the top when she inverted and pressed it, so she turned it around again and then it broke up from the bottom!, WTF! what a mess, there is H&S everywhere! there are a lot more Head & Shoulders inside a head & Shoulders that she would have never thought. there are even H&S inside the H&S that are inside the Head & Shoulders! but still doesn´t work, fractal shit!
BITFINEX:BTCUSDLong
by Bitconiano
1
Berkshire Hathaway to fall?BRK.A appears to have completed the 5 wave elliott wave structure and is showing signs of downward movement. It seems to be creating a 5 wave structure downwards, which would be the A wave of the corrective cycle. Wave 3 is currently in progress and I would anticipate some consolidation around the trend line to confirm the 3rd wave continuation to the negative fib levels. Alongside this, the moving average also seems to repel prices downwards. From there, there is still a further 2 waves before the A wave is completed. The fourth wave cannot enter price area of where wave one terminated. This is shown by the horizontal line. A will most likely finish around the area of 240,000. Again I am trying to apply my analysis to as much as possible. Any feedback is appreciated. Thanks.
NYSE:BRK.AShort
by EamesAnalysis
Just A Totally Normal BITCOIN Chart - Nothing Special About It!Hello Dear Friends! Yesterday I gave you 2 scenarios - a blue, and a purple one. I was right, when I said, that the blue bearish idea, was most likely to play out. Let's now take a look at this new 4H BTCUSD Chart! We tried for a long time to get that 3rd purple Elliott wave going, but we never managed to do so. The bears were too strong. As you can see that the failed wave attempt has now become part of the 535-ABC Correction. We are right now on the C-wave. I want you to pay attention to the descending wedge we are in. You can expect, that we will break out around the yellow circle which is equal to between 50% - 61,8 % retrace. Honestly I don't think, that this break out will allow us to restart a new Elliot Wave Cycle. We probably have to go lower. At least 78,6 % retrace (around 7,500 USD) or even down to the double bottom at around 6,000 USD. But for now, you expect we will have a break out from the wedge in the yellow circle! D4 loves you <3 Once again. Thank you for the love and support in the comments, and on PMs and Twitter. It really means a lot to me. And please remember to give a LIKE :)
BITFINEX:BTCUSD
by D4rkEnergY
168
NEVER Trust TA Conclusions From Someone With A Fixed Narrative!Hello Dear Friends <3 I NEVER trust technical analysis conclusions from someone with a fixed narrative - Peter L. Brandt (world-famous trader and TA-book author). - D4rkEnergY, you always say it can go either up or down. - D4, You change your mind all the time. - You are wrong again! Down in the comments you will hear a lot of those comments over and over again from people who are new to trading. I admit it is sometimes hard for me to ignore, but I cannot really blame these people, since they lack basic knowledge about TA and trading. Often they are pretty tilted, cause they just lost a lot of money. I have also noticed - many times - that a lot newbies, only take a quick look at my chart, and enter a trade in the direction one of my arrows are pointing in, and thereafter believe everything is good. A day after they come back, and tells me I was wrong and I'm guilty in they now are broke. I'm not telling you guys this because I want you to feel sorry for me. I'm o.k. But maybe this will help new people understand some fundamentals about trading. Let me come back to what Mr. Peter Brandt is saying, and the way I interpret it. TA is about coming up with the most plausible scenarios based on historical data and with help from our TA-tools. That is also why you see me, again and again, giving you multiple outcomes on every chart. So when should we then trade, you may ask your self about? When we can see that ONE of the ideas/scenarios are about to play out AND when we get the needed confirmation, THEN we can enter a trade!! Let's take a look at Bitcoin today. It's the 4h Chart. I here have 2 scenarios for you: 1. Purple, which is the bullish scenario. We here assume we are done with the ABC-correction, and now are on the the 3rd Primary EW on the 3rd subwave. IF this scenario shall play out, we have to go up very soon, and get that 3rd wave going. If we go below 8,280 USD we will have an EW-failure in the Purple-scenario, and we will go into the blue scenario. 2. Blue, which is a more bearish scenario, and the most likely. We here assume, that we still are in the process of a bigger ABC-correction. More specific a B-down correction (C-wave). If that's the case, our 50 % retracement of the whole EW cycle was not enough, and we will go down to 61,8 % retrace (equal to 8,100-8,000 USD) and try to restart a new EW Cycle. If we also don't succeed here, we can expect to go 78,6 % (around 7,700 USD), and try ONE more time. Last but not least - if we get an EW failure of the whole cycle (dotted red line 7,200 USD), you can be very sure we will go even further down to 6,000 USD where we have a double bottom. D4 Loves you <3 And once again. Thank you for all the nice comments in my PM. I really do appreciate it. Please give this chart a LIKE, and I will be very happy :)
BITFINEX:BTCUSD
by D4rkEnergY
195
BTC- THE BIG PICTUREHi, in my last post of BTC i described how dangerous it is when we fall now to the 8306 level you can see in orange on my chart. BTC is forming the C of the big ABC correction now. This big down-wave will bring us to around 4500, its the 161.8 % retracement mark of the current ABC correction. On its way are the 7900, 7200 and 6200 levels for possible support, witch i think will be breaked. AND BTC is moving to 4500 from there we will have a bounce to 5900 witch could bring us higher OR again to downer levels. Keep updated! Lets see how this plays out and make our decisions. For now its waiting time to spot the right buy-points. Have luck with your trades and follow me for more awesome charts ;)
BITFINEX:BTCUSD
by YinYangCrypto
TELL THE TRUTH AND MAKE IT SIMPLEHi, i will make it simple in this chart. On the 1-day chart we see BTC bounced from the 61.8 retracement level, witch is an important level, when we are under this level it is a bearish sign! Above this level we could say market is moving to bullish but in fact we didnt do this we will go downer now. IF we hit the 8234 level, witch you can see at the orange line by today we will move downer from there and BTC will form the C of the bigger elliot correction waves, witch will bring us to around 4500 USD/BTC. Please look how this chart plays out ;) Thanks and good luck with your trades.
BITFINEX:BTCUSD
by YinYangCrypto
Bitcoin Down to 7500 before a Massive RallyBitcoin is currently in the progress of an ABC zigzag correction and still is missing a fifth subwave in the C wave. The fifth subwave, based of a 1 to 1 Extension of the first subwave, should reach at least $7500 or lower. After this low, Bitcoin will likely rally to at least $13,000 according to Elliott Wave Theory. Bitcoin would be starting wave 3, and wave 3 is never the shortest and usually the strongest, meaning the estimate above is a conservative estimate. There are many other signs that show that the correction is almost over. There is bullish divergence on both the RSI and MACD and a falling wedge pattern forming. These three signs indicate that even though the price is going down, the sellers are actually losing momentum. Every downtrend is getting smaller and smaller, meaning that there are less and less sellers. Soon the sellers will run of ammunition, and the buyers will take over. Short Trade (2-3 days) Entry: 8400-8500 Stop: 8850 Target: 7500 Long Trade (1-2 months) Entry: 7200-7500 Stop: 6800 Conservative Target: 13000 Aggressive Target: 16550
BITFINEX:BTCUSDLong
by aoeuaoeu