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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
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
XRP on Wave 3 and About to Explode?Before I want to start my analysis, I want to say that this may be dubious wave count. I counted wave 1 as a expanding diagonal, which is not a valid wave count according to Elliott Wave rulebook. However, the expanding diagonal for wave 5 wasn't added to the rule book until recently either. So I thought, if there are expanding diagonals in wave 5, why can't there be expanding diagonals in wave 1 just like the case with leading and ending diagonals. After all, Elliott Wave counting is all about creativity and pattern recognition. www.wavetrack.com Anyways, XRP is forming a symmetrical triangle, and if my wave 1 count is correct, then we should see a break out soon once the triangle completes. We use a Fibonacci Extension to get our targets (green lines).
BITFINEX:XRPUSDLong
by aoeuaoeu
BCH ready to EXPLODEBCH is forming a symmetrical triangle, and we are at the very tip of it. That means that correction is almost over! When the wedge formed between August to October, the price exploded afterwards! We are now forming a very similar pattern. There is no reason to think that the same thing wouldn't happen to BCH. The RSI is showing the same thing. The RSI is forming a bullish falling wedge. Last time we formed a bullish falling wedge, the price skyrocketed. Why won't the same thing happen again? With Elliott Wave analysis, we see that we are forming a ABCDE correction and are on wave 4. That means we have one more wave to ride, and that wave will bring us to a new all time high! The journey to $3000 will be a rough one, but remember this is not a swing trade or a day trade. It could take us a couple months. Still, doubling your money isn't bad, right?
BLong
by aoeuaoeu
7