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ABC

IOTA some patterns to watch out for Three possible patterns to watch out for that could give us a buy opportunity 1) Bullish pennant (blue) How to trade: We have a buy opportunity If resistance break TP = $5.5 2) ABC correction to trend (orange) How to trade: We have a buy opportunity if we get a reversal candle near trend TP1 = $3.55 TP2 = $4.45 3) Double bottom (red) How to trade: 100 MA is catching up, Fib level near $3 mark We have a buy opportunity if we get a reversal candle near the $3 mark TP1 = $3.55 TP2 = $4.45
BITFINEX:IOTUSD
by Grimland
5
Ripple Party Not Over Yet; Long to $0.60It may seem like the price growth of Ripple is unsustainable, and we may see steep corrections for days to come. However, I believe that we will one more surge before we experience steeper corrections. By drawing Elliott Waves, we see that we are only on wave 4! That means, we have one more wave to go. In fact, we just finished an ABC correction and might even be starting wave 5 already. In this scenario, the price of Ripple could reach $0.65! An alternative Elliott Wave count is that we experiencing a WXY correction, and the price will only dip slightly lower. In that case, we get a target of $0.60. Please note that these targets are relatively conservative; the price could easily exceed these targets. In addition, the RSI confirms our Elliott Wave analysis. We are forming what's called a falling wedge. The resistance line is falling along with the support line. However, the support line isn't falling as fast as the resistance line. That means, there are less and less sellers during each dip in price. When there are no sellers, there is nothing to stop the bulls to start pushing the price higher.
BITFINEX:XRPUSDLong
by aoeuaoeu
AUDJPY will drop offEsto es lo que estoy esperando en AUDJPY; la formación de la onda C, y la caída hasta el -27% de Fibonacci. Colocaré un Sell Limit en el nivel de 38,2%, y un Stop en el 61,8%. Todavía falta por ver esta semana, para dónde se mueve el precio. ----------- That's what I'm waiting for in AUDJPY; the C wave formation, and the fall until -27% Fibonacci. I'll set a Sell Limit order in 38,2%, and a Stop Loss in 61,8%. I'll see this week where the price is going.
by losada15
EUR vs. AUD 1H Chart. Ending Diagonal | #euraud #forex #aud #eurTraders, EURAUD has gone "too far too fast", so as for an Ending Diagonal to be in play with its fifth wave ending in a "throw over". Price broke the ii.- v. line with a sharp spike, and started correcting, unfolding into a Zig-Zag labeled in minuette degree, a. - b. - c. Looking for further drop, after price reach possible reversal zones at 1.57000(+/-) where fib-price ratios confluence pinpoint. Trade with discipline Best
Short
by ChrisMark
6
Correction for BTC is OVER! Long to 20kThe price of Bitcoin may seem messy, but I drew the Elliott Wave count and now we know exactly where we are. We just finished a WXY correction. In fact, we are on the absolute last wave of the sub-sub-wave. That means the price of Bitcoin could explode any second now. Also, we are hovering over the 1 to 1 Extension at 12800, which is a key support area and the critical point for reversal. The RSI is oversold, and the downward channel cannot last forever. Once Bitcoin starts upticking, you know what happens: the price explodes to the moon!! The price could easily break the all time high! See you at $20,000 or even higher!!! Note: The blue lines represent ABCDE corrections. It would look too messy if I tried to squeeze in all those lines.
BITFINEX:BTCUSDLong
by aoeuaoeu
4
BTC Correction to 12300-14000 Range. Then Liftoff to 20000We recently completed 5-3-5 zig-zag correction (ABC). imgur.com Bitcoin tried to start a new impulse wave, but failed (X) and will likely drop more. We get a target buy zone between 12300 and 14000 using a 1 and 0.5 Extensions from the ABC zig-zag. With a 0.618 Fibonacci retracement of wave 3, we a get buy target of 12950. The price of Bitcoin may go below 12950 down to 12300 at most, but should bounce up quickly if it reaches that level. However, Bitcoin will unlikely reach those levels with so much buying pressure; those targets are just worse case scenario. The correction may take some time, but be patient, because wave 5 should go up a minimal of 3000. We are still in a uptrend, so wave 5 will likely exceed wave 3. We could possibly reach target of 20000!
BITFINEX:BTCUSDLong
by aoeuaoeu
4
ETH Long from 420 to 520; Just finished ABC Corrections.We just finished an ABC correction for wave 2. Wave A, if you zoom in, shows a very clear 12345 impulse. i.imgur.com Wave B is an ABCDE rising wedge, which I mistaken for a 12345 leading diagonal in a previous post. Wave C is another 12345 impulse, completing the 5-3-5 zigzag. Wave C also happen end at a 1 to 1 Fibonacci Extension from wave A, creating a point for reversal. In addition, on the RSI, we see a bullish falling wedge just ready to break out. If we use our Fibonacci Extension of the the big wave 1 (black wave), we get targets of 520 and 580 for a 1 to 1 and 1.618, respectively. Remember, wave 3 is never the shortest and usually the longest.
HITBTC:ETHUSDLong
by aoeuaoeu
BTC Long From 11280 to 12130After the massive uptick to 11400 on Nov 29, we just finished wave 5 and are currently experiencing corrections. However, that does not mean we can't play the bounces within the correction! Right now, Bitcoin is forming a rising wedge, both a small one and a big one. The small wedge will likely break and go down to around 11280, which is the price at the top of the wedge minus the size of the opening of the wedge. Coincidentally, 11280 is also a support level of the bigger wedge and the 0.382 Fibonacci Retracement of wave B (of the second ABC). Bitcoin should bounce of that level and complete wave W, which is should be a 5-3-5 zigzag. That would make the overall correction a 3-3-5 flat. We a get resistance level of 12130 by taking a 0.5 extension of the 12345 impulse of the ABC correction up (purple one). Not far off, we get a higher resistance level of 12300 from the top line of the bigger rising wedge. Some may argue that Bitcoin already went through correction and is starting another impulse wave. Although Bitcoin did already go through an ABC correction, but I doubt that's the end of the consolidation. On the RSI we are seeing a bearish divergence, and the big rising wedge means the price will go down. Also, a 24 hour ABC correction seems way too short for such an impulse that took 2 weeks. Don't be greedy and take your profits at 12130. Don't get FOMO as we can always buy at a better price after the price of Bitcoin dips from breaking out of the rising wedge. We may see a low of $10,000, but it's too early to tell right now.
BITFINEX:BTCUSDLong
by aoeuaoeu
2
Long in USDCADHace unas semana podíamos pensar que USDCAD iba a caer por la rotura de la tendencia, pero lo que ha estado formando es una corrección ABC, por lo tanto, en el nuevo impulso buscaré una entrada en largos hasta el tope de la bandera o hasta el -27% de Fibonacci. ----------- Last week, I could think that usdcad would drop because of the breakout, but it has been forming an ABC correction, so in the new impulse I'll search an entrance until the top of the flag, or until -27% Fibonacci.
Long
by losada15