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ETH Classic Head and Shoulders? Initial Target = $660 On the hourly chart we can see a classic head and shoulder pattern playing out on ETH. At this time, we are completing the formation of the right shoulder. The neckline is noted with the red horizontal line, and the green horizontal line represents our target for the completion of this head and shoulders pattern. We got this target by measuring the distance between the neckline to the top of the head (orange arrow line) which gave us a measured move. We then copied the orange line and moved it to the breakdown point (neckline) to see the measured move down. Coincidentally, this measured move is also the 161.8 fib retracement of Wave 1, which is normally where the 3rd Wave (in a 5-wave impulse) tends to end, and is another reason I believe this correction is not over. It is likely we are seeing a 5 wave impulse down, which is the A wave of another ABC zigzag lower (Ill go into more detail about this in another idea, but have drawn out the 5 wave impulse here as well for reference).
COINBASE:ETHUSDShort
by CredibleCrypto
BTC Another Low is PossibleBitcoin might have just completed an ABC correction in the form of a rising wedge. Wave A is a leading diagonal in the shape of a rising wedge, so subwaves 4 and 1 can overlap. Wave C seems to be truncated and is a 0.5 Extension of Wave A. The RSI is showing strong resistance at 70 and the MACD is showing bearish divergence on the histogram. The alternate wave count is that Bitcoin have just started wave 3. Wave C is the first subwave of wave 3.
BITFINEX:BTCUSDShort
by aoeuaoeu
2
Bitcoin Another Low PossibleBitcoin is showing some bearish signs on the RSI and MACD. We may get another low. That would mean that this bounce is a dead cat bounce and an ABC correction. Wave 5 could bring us to sub 6k ranges. So what would the best play be? For swing traders and day traders, this could be an opportunity to lock in some profits. I would back in on confirmation that the up trend is continuing. We would simply back the next dip. For long term hodlers, I would advise against selling. The end of the correction is in sight. At most, we get one more low. This just my opinion and not financial advise, so take this with a grain of salt.
BITFINEX:BTCUSDShort
by aoeuaoeu
2
ETH Correction Almost Over Ethereum is completing the final wave of an ABC correction. In fact, it's on the 5th subwave of wave C. It is only a matter of time before Ethereum starts impulsing. In addition, we see bullish divergence, and the volume picking up. This correction is only temporary, and we need to take a look at the big picture to see how high Ethereum can rise to. We should not panic on these corrections as this will only look like a dip once the price starts impulsing. We have not yet completed the fifth and final wave. Due to the bullish nature of cryptocurrencies, the fifth wave often exceed our targets. Entry: $600-$750 Stop: $400 Conservative Target: $1600 Expected Target: $1900 Aggressive Target: $2000+ Time: Up to 5 months
BITFINEX:ETHUSDLong
by aoeuaoeu
9
BCH Correction Almost OverBCH is experiencing an ABC correction and is almost done! Wave C always has 5 waves, and the fifth one is about to complete! Wave 5 is extended so there are five subwaves. The fifth subwave has not yet completed and should bring the price to the support line of the falling wedge, which is around $900. Now if we zoom out and take a look at the bigger picture, we see that BCH has only completed the primary waves 1 and 2. That means the biggest wave (wave 3) has yet to come. Wave 3 is never the shortest so the price of BCH will at least hit around $4700. Since the crypto-market is so bullish, it wouldn't be unreasonable to target the 1.618 Extension, giving us a target of $7200. Entry: $800-940 Stop: $650 Target: $4700-$7200
BLong
by aoeuaoeu
4
GBPUSDThere's 2 options for GBUSD. First, if the price bounces on the trend line, I'll buy because it has formed an ABC Diagonal. The second option, if the price breaks the trend line, I'll wait the confirmation to enter in short because it has formed an Ending Channel too. --------------- Hay 2 opciones probables para GBPUSD. La primera, si rebota en la linea de tendencia, buscaré la compra ya que se ha formado un ABC Diagonal. La segunda opción, en caso de que rompa la linea de tendencia, buscaría una bandera como confirmación, y entraría en cortos debido también al Ending Channel formado.
by losada15
BTC Elliott 5 Wave Complete Expect ABC - Primary D Wave of 12/21BTC has been completing 5 and ABC/ABCDE waves for days...weeks... Having just completed a Miniscule 5 Wave we can expect a Miniscule ABC right now...It appears to me that these Minor and Miniscule 5 and ABC/ABCDE waves are part of BTC Primary Correction ABCDE which began on December 21. Should this be correct, that would mean that we are currently in Minor Wace 3, that is within Primary D Wave of the ABCDE correction which began on 12/21/17.
COINBASE:BTCUSD
by BTCookieMonster
4
ETH Correction NOT OVER! Potential Target of $350!We can see here a classic ZigZag ABC correction on ETH after 5 impulse waves (not shown). However, with wave C stopping short of the ideal target (550-750 with 350 possible in extreme cases!) we are witnessing a small X wave in the form of an expanding triangle before we continue down to our target. X waves are known to connect two correction patterns together when the first does not make it down to the expected target. We may see a second ABC ZigZag here (or another possible formation) that will bring us down to the desired targets of 350 or 550-750 (found using fib retracement levels).
COINBASE:ETHUSDShort
by CredibleCrypto
9
EOS Short Term CorrectionsEOS is still in corrections after a 5 wave impulse (black 5). EOS could possibly complete an ABC (possibility 1) or an ABCDE correction (pink triangle and possibility 2). Right now EOS already completed the 5 impulse wave (purple) of subwave C (green) of wave B (orange). EOS will likely see a drop soon. If EOS completes an ABC correction (possibility 1), we could look for a long entry from $6.20 to $9.20 (Buy Zone 1). $6.20 is derived from a 0.786 Fibonacci Extension of wave A, and $9.20 is derived from a 0.5 Extension. If EOS completes a ABCDE correction (possibility 2), look for a bounce of the upper resistance line (upper pink line), and buy when reaches the lower support line (Buy Zone 2). For daring traders, we could open a short position. Entry: $14.20 - $15.20 Stop: $16.40 Target 1: $10.80 Target 2: $9.20
BITFINEX:EOSUSDShort
by aoeuaoeu
Where will Bitcoin Stop! Top secret Analysis !LOLIm a stickler for big titles..lol this is my approach to looking at the potential reversal zone or completion zone for BTC. the fib Extension of the previous C wave of the 1st Corrective Structure is what I am using. I believe that if we are indeed in a C Wave of a correction,,, then it should retrace to at least the 127. Extension of the previous C leg. As we stand aside and count the waves 1 by 1 we will know more as time progresses if we will go even further. Get you surfboard ready to ride the fears of others as we slide down to 7K
COINBASE:BTCUSDShort
by MoneyMovers
1