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Abcde

GBP/USD A-B-C-D-EIt was perfect opportunity to buy GU off this fork I have had on it. The abcde pattern can even be drawn differently, as a larger running pattern, both line up. But keep in mind we didn't quite hit the fib level (doesn't have to) and I think we could possibly wind up with a larger diagonal pattern (ABCDE) within this pitchfork. So at this point, wait for a flag to buy, and I will check the pattern and price action if it reaches other side of fork for a possible sell. If it breaks out of this fork we will probably be getting a 50-62% retracement of this wave, possibly more, then we get another large wave down for a 1-2-3 correction in the bigger long term picture. either way I think we are in a reversal pattern, it's just I think it can expand down further. What I mean is, you bought it right this second, it could chop up and just do a 3 wave, reaching the other side of fork not really resulting in a lot of pips. That's why I say wait for a flag.
by thillygoosth
GBP/USDI am not Miss Cleo, but felt this worthy of sharing. Basically GU came off a larger pitchfork median, but has not hit the 50% retrace at the supply zone bottom. It is in a sell right now. I would expect a 1-2-3 move though, so I would think it produces at least a small buy setup one more time. So I will be looking to sell off my trend line if price action and timing is right. It is possible that we have a running triangle for an ending diagonal that is already completed which would mean upside. It is also possible this potential ending pattern becomes a running flat and we continue dropping. But probability wise, I will see if this scenario, or something close plays out. So basically taking setups both directions. Last night was a sell, next one may be a buy to trend line, then maybe another sell, but you are getting to point that letting some run on this week's setups may not be such a bad idea, at least to break highs and lows of pattern.
by thillygoosth
ETH weak on the daily, but forming a bullish fractal+++!As I mentioned in the previous ETH T.A that I did, prior to entering I'll do a daily t.a, and here it is. Just in short key points: -ETH tried to breakout on D, instead formed a bearish wick, and had a pretty touch rejection around 540-550. -Today ETH looks, pretty weak, and over the next few days I could see a possible entry around 380-410 depending on the state of the market, with a stoploss at 350-360(previous low). >>>>0.88 ret support at 415, 0.93 ret support at 388-392(depending on how precise are the decimals counted in)<<<<<< -If ETH breaks bellow the previous lower(bearish scenario), the next price I'd be looking to buy into would be around 200.(from my previous in greater detail T.A, this is just a short follow up) Disclaimer: //This is not a buy or sell sign, you decide what to do with your own money!!// If you liked my take on etherium and/or other markets, comment,agree or follow for more interesting T.As', much appreciated, cheers!
BITFINEX:ETHUSDShort
by step_ahead_ofthemarket
Neo Update in Great-detail/Follow up for a T.A from a month ago+Extremely oversold, quite obvious. The current state of the crypto market, might not allow such a large breakout as in the previous 2 fractals, however this can be a good opportunity for a short to medium term trade. This is just a very short daily update(you can see the original idea in the refereed idea section down bellow). My first buy in's for NEO could be the following: @ D/around 0.004600-0.004800 @ E/around 0.0035-0.0028 a larger chunk. Disclaimer: //This is not a buy or a sell sign, you decide what to do with your own money!!// If you like my take on NEO and/or other markets, comment your thoughts, agree or follow for more interesting T.A's, much appreciated, cheers!
Long
by step_ahead_ofthemarket
I short SPX. Something little different that Bitcoin today. I have identify a loss risk trade. Stop-loss is close and possible profit target is lot more bigger. The ABCDE triangle consolidation provide us a decent breakout but this one have been struggle and squeezed by the bigger range. In a range you sell the top resistance : basic rule. I have not a lot of time (i hope in some weeks it will be better) so here is the schematic chart once again. First target for partial profit is the bottom of the range, next one is well under it. I would reenforce the short position if we break the bottom of the range. As always, i do it for my personal trading and entertainment. Have a nice day and a lovely week. And be patient on crypto. Nothing to do on the market for now.
SP:SPXShort
by KassandrA_dotcom
14
BTC, targets for the summer++! Current correction still ongoing!Disclaimer: //These are my rough estimates for bitcoin// After this last final correction, I think we will see a surge in price and breaking above the current triangle, and eventually the hard resistance at 12000. Of course, it is way to early to tell if it will bounce and especially hard to tell, how much it will bounce after the correction is over. Overall, quite a positive outlook(unless it breaks bellow 6800/6000), looking forward to see what will happen this summer! As always, agree, share or comment any suggestion or addition to the chart, all critics are more than welcome!
Long
by step_ahead_ofthemarket
Short Squeezes, Pumps, and Dumps, Oh My!This market seems rife with short and long squeezes as evidenced by the many rapid red and green cliff-hanger price movements. However, the market does appear to genuinely want a correction after the recent bull move from $6k to $10k. The bear squeezes seem to be an attempt to shake out the highly leveraged shorts, who are (perhaps inadvertently) contributing to the high market volatility. Corrections are normal, without corrections there would be no infusion of new capital thus providing foundation and support for new highs. But highly leveraged shorting in crypto is just asking for trouble. Any professional trader worth his salt will advise against leveraged trading in crypto, unless you are okay with living on the edge and getting your account wiped out. But this is crypto and so we must deal with all the market manipulation and extreme volatility, and try to find our way through the forest and the trees. As far as TA goes, we seem to be in the 2nd leg of a C wave of an ABC correction. Looking at the above chart, the first A wave of the correction brought us down to $8200. One thing that's interesting is the appearance of a "black swan" truncated 5th leg that stops a little above this low, instead of proceeding past it as 5th waves normally do. This is followed by the B wave consisting of a triangle ABCDE correction, which is very apparent and shown in orange. Then begins the C wave of the broader ABC correction, in which we have completed the 1st leg, and part of the 2nd leg. Additionally, the end of the 3rd leg and 4th leg correspond to broad 0.618 and 0.5 fib. retracements which are common reversal/inflection points. Also interesting to note is that the $7500 target seems to coincide with the broad 0.707 fib. retracement which many traders attach much significance to. All this suggests a price target around $7500 before we begin a broader bull move, possibly to new highs. However, it's worth considering an alternative formulation. It's possible that the ABCDE correction in orange actually comprises the 4th leg of the broader A wave, and the recent $8100 low, is actually the 5th leg of that broader A wave. Which means that we are just beginning the B wave of the broader ABC correction, which has a tendency to be a bull trap as it can be quite deep. This could mean that we might see some higher prices first, up to as high as $9k, before resuming the downward trend. If this scenario plays out, it means that the final target will probably be a little lower, perhaps around $7k-$7.2k instead of $7.5k. In any case, we can be sure of one thing: it's going to be a thrilling ride. Target: $7500
BITFINEX:BTCUSDShort
by dalmazio
4
BTC Still in Free-fall!Prediction from May 11th,almost complete!Final update: May 17th, we should see a major move in the next 2-3 days! The two possible "handle" trend lines, the blue and the orange line. Here are my predictions ranked based on their probabilities! Scenario 1:Personally I think that it did over-extend on C(based on overselling on 4hrs on the RSI) due to people realizing that the 5 wave run was over, which brings me to a conclusion that it should start to follow back the orange line, and complete E at approx. bottom of 7825(calculated above). Scenario 2:Now, this is only a rough estimation, and if in case it proves that the blue trend line was the actually base of the handle, we can see the price to go down to as low as 7200. (It can also stop anywhere in between 7200-7800 and bounce back upwards). Scenario 3: Breaking bellow 7800, could signal a potential selloff from the people that were long on bitcoin, due to it being such a critical support at 0.618, and we could potentially see another retest of the 6000 lows! Scenario 4: If it breaks out on the current wick, confirmation buy would be @8651(not so likely)! As always, like, share or comment if you have any suggestions or additions to the chart, I'd gladly consider them!
by step_ahead_ofthemarket
1
S&P 500: Alternative View - TriangleCurrent consolidation in S&P 500 could shape a triangular pattern ABCDE. The drop started on 18th of April shouldn't exceed the low of the wave C at the 2553. The breakout of triangle could be a trigger to enter long. Some riskier people could buy on the dip to the downside of Triangle but it would be a mere guessing as the WXY main count could still unfold successfully (related idea). The minimum target area starts at the former top at the 2873.
SP:SPXLong
by aibek
4
ADAM&EVE DOUBLE BOTTOM ON ETHUSDHi guys, A short analysis on the short-term on the hour chart for ETHUSD. H&S failed on the right should, the pattern is not valid. As you can see, we are testing the 2nd Fibonacci up support level [ $674 ], if we break that support with a great green candle, the Adam&Eve double bottom will be confirmed and the potential bullish move could reach $690 again, that is to say tomorrow. Take a look at my previous analysis, in which I put in evidence some key insights like ABCDE Elliot wave and potential supports on the 4-hour chart.
BITFINEX:ETHUSDShort
by HatrekoS
LTC: Where there's a will there's a way.Ticker: COINBASE:LTCUSD Timeframe: 15min/2 days 1- RSI ticking down to complete wave 3 to 4. 2- MACD ticking down. 3- If the Elliot wave analysis is correct COINBASE:LTCUSD is ready to move from a wave 3 to a wave 4 in time with the MACD and RSI cool off. 4- If the elliot wave analysis is correct we should see approx. $150 as our next stop once we bounce. (Short term resistance/support expected around $149.3 and $148.6) Short Term: Slightly Bearish Mid Term: Neutral/Impatient Bull Long Term: Bullish Market Sentiment: Impatiently Bullish
COINBASE:LTCUSDLong
by RealJayJobes
ETHUSD : key insightsHi guys, Here I give you some key insights on the four-hour chart for ETHUSD. ABCDE Elliot wave symmetrical triangle potential, if it would form, then we have a potential to rise to $800, but the highest support we could test is located at the 6th Fibonacci Up support (grey line) [ $745] ; H&S is due to be formed, if it doesn't fail, we could exit the symmetrical triangle and test the middle Fibonacci support (red line) [ $612 ]; After being in a bullish market, we are now in an undecisive phase and the next breakout would indicate the direction of the market for few weeks. Thanks for reading, Have a nice week
BITFINEX:ETHUSD
by HatrekoS
1
7 Logical Reasons LTC May See New ATH'sTicker: COINBASE:LTCUSD Timeframe: Daily/All History 1- When taking a Fibonacci retracement from the all time low to the all time high we see that a possible front run of the .786 may have happened twice. Denoted by the gray box. If we were to retrace to the 1, we would see $3 litecoin, which, while I would capitalize like crazy, I don't think will happen. 2- Looking at the gray front run region we can see only wicks have been successful so far. Possibly displaying the markets value of litecoin and confirm the green support line in that area. 3- We can see a possible triangle forming from the low lows to the high highs, right now we're working our way back to the top of the triangle, where I think we may see our last reversal. 4- I'm no expert in this formation, but it's possible we're seeing an Adam & Eve forming within the triangle further leaning market bias towards bullish. 5- There's also a nice ABCDE forming in the triangle, tracing the A&E. Further making me think we will see our last reversal before our next impulsive wave out of the triangle. 6- Idk if this is a thing, but we can see a trend in volume spikes, leading me to believe if we break this triangle and confirm all of these patterns everyone may fomo into the market at once turning our wave 2 into a wave 3 and leading us to the area of the .382 retrace/extend overlap. 7- Finally pertaining to the chart, if the wave 2 is confirmed and wave 3 begins of the new impulse wave 1 up, I am almost certain we will see new highs by the end of the year. *bonus* 8- Looking at the MACD you can see an upward cross overtaking the signal and the histogram ticking from under to over. 9- Finally, finally, the RSI is trending in a triangle that's confirmed on lower timeframes, it should break from D to E in the ABCDE correction and cool off by E leaving it under bought for the next impulse wave. Short Term: Slightly Bearish Mid Term: Bullish Long Term: Very Bullish Market: Neutral/Impatiently Bearish
COINBASE:LTCUSD
by RealJayJobes
2
Here Is The BITCOIN-Path You Need To Know About - I Will Show U!Dear Friends! D4rkEnergY is back with his A-game. It's a tough market at the moment, but I have been pretty spot on lately. I'll admit when I'm wrong - and I have been that several times - but we have to remember to give our self credit, when we do a good job too. I can still see in the comment sections, that some ignorant (meant in a good way) people believe or think, that a good trader can be right all the time. Let me quote MY MAN, Peter L. Brandt, profitable trader since 1970s and authors to many books about TA and trading. He wrote the following on Twitter yesterday: "I am wrong 60% of the time. This means that my default emotional expectation on a trade should be that this next trade will be a loser" So next time you feel the urge to shout "WRONG AGAIN" to any Top Author here on TradingView on Twitter, then just have the above mentioned quote in your mind. One of the most famous traders in the world is "only" right 40 % of the time! Now let's take a look, at the 1D BTCUSD Chart. So far it is going according to my prediction. I told you about our sideways movement for a while, and the corrective ABCDE-pattern. At this moment we are riding on the E-wave and I expect we will go a bit higher. We have a bullish MACD-Cross and the RSI, that give us room to finish our corrective pattern. Hereafter I expect that we will fall. The ABCDE-pattern is a bearish sign in a bear market, and it will also match with the time we hit RSI resistance at level 45. We will then fall down to around 6,000 which will give us a bounce because of the double bottom and due to the fact that we are in a descending broadening wedge. BUT it will NOT be enough to send us in an uptrend though. We will eventually fall lower again, and when we reach the.... .... MAGIC NUMBER..... 4,888.7 USD, we will FINALLY go in an uptrend and to EUROPA! D4 Loves You <3 As always guys - Please hit that LIKE-BUTTON. It means a lot to me - thx in advance, my friends :)
BITFINEX:BTCUSD
by D4rkEnergY
282
Devilish, Impish Bears Keep Taunting BITCOIN-Bulls Again & AgainDear Friends! [/b Earlier today I gave you the answer to the Ultimate BITCOIN-Question, we all wanted to get an answer to! The answer was 4,888.7 USD before we will go into an uptrend again. I was looking at the Weekly chart, to come to that conclusion. But let us this time take a closer look on what's going on with Bitcoin right now, and what most likely will happen, so we will reach the before mentioned target. Therefore will we now take a look at the 4h BTCUSD Chart. First of all, as you can see, we are so far following my prediction from yesterday when it comes to the ABCDE-corrective pattern. We are at this moment on the E-wave. I want you first of all to pay attention to the hidden bearish divergence, which predicts we will continue our downtrend. For this scenario to succeed we have finish our E-wave at 6,900 USD. Hereafter since we are in a bear market -this corrective pattern - predicts that we will go lower and eventually hit the double bottom at around 6,000 USD. I think we will see a bounce here, but I don't think it be enough to go into an uptrend. We have to go to 4,888.7 USD, where we will jump out from the wedge and go into an UPTREND Let me be clear. We are still in a no trading zone at the moment. We are in a zone of confluence resistance and support, why we have been going sideways for 10 days now. So it's really hard to trade. If you are an experienced trader you can obviously scalp some few percentage here and there. But for not experienced traders you should just be patient. The arrows and the before mentioned scenario is what I find most plausible. BUT it is still just an idea. And we haven't got confirmation on it now, so we will not trade it at the moment. Many things can happen. We might already fall through the uptrend line very soon, but I already have that scenario in my head. If that's the case I would probably enter a SHORT position at 6,4k. Let's say if we go to my wave E BUT don' get a reversal down again, but go up. I also have this scenario calculated. Then I would STILL NOT enter a trade because It would be too risky due to the big even number (7000 USD) where we always have big resistance. On top of that we have the 78,6 % retrace on the minor EW-cycle at 7,200 USD. I hope it makes sense. I try to explain how my brain works when it comes to trading. I always have all these scenarios in my head all the time, so I'm prepared to react and trade if one of them seems to play out. But we want confirmation on our ideas first. And sometimes, like right now, it's just best not to enter a trade.. D4 Loves You <3 And as always - please give me A BIG LIKE - It's much appreciated. Thank you, guys!
BITFINEX:BTCUSD
by D4rkEnergY
81