Possible Elliott Wave ABC Algo Wave B can Go 1.236-1.382 of wave A and Wave C Retraces 61.8-1.618 of Wave A
Abcpattern
SPY retraceShould see an a-b-c retrace for wave 2 within current wave c down. I’m targeting around 259 - 260.50 area for short position for wave 3 down.
Elliott Wave WILD Nasdaq 100Are the Bots really that easy to predict?? If So, wave B is going to be a quick Good/Bad time in the economy
SPOILER ALERT : BTC IS GOING SUB 1500$Ladies and gentlemen, i'm back again.
PLEASE BEFORE ANYTHING ELSE : CLICK ON THE LIKE BUTTON AND FOLLOW ME. YOUR SUPPORT IS VERY IMPORTANT TO ME.
Now, let's begin with some serious stuff and recap everything in BTC since 2017 .
For most of the crypto-space, yesterday was a terrible day. Maybe one of the worst there has ever been. For me, of course it wasn't.
If you follow me since 2017 you know i have recommended to sell BTC holding's since 17-18k$ and to begin the short positions since BTC turned in bear market around 12k$ :
At this time my charts was really ugly but hey, the idea and the price action were relevant.
If you click on the link you will see a exemple of two of the gorgeous trades i shared last year. The first one was just chirurgical :
The other one takes more time to release but was a success too :
Since we hit 3200$ area in november 2018. I recommended to caught the "mid-term" bottom of BTC around 3500$ : .
AND MOST IMPORTANT for the french community i made 2 educational videos were i explain a potential ABC super cycle correction. On these videos i said the TOP of the B should be around 13500$ (we were around 4000$ at this time) and guess what : it happened !
My last chart should soon be succeed and i can remember when people told me the chart was ridiculous. This is fun :
I have a question. Is there on Trading View any single analyst who did such constant and precise work ?
I'm not here to congratulate myself (well maybe a little bit) but what i want to share is that it seems we are effectively in a Super-Cycle B wave now and so I expect the C wave to break the 1500$ area.
I know, by now, you are literally thinking : IS HE CRAZY ?
And I know, as everyone i'm not perfect so i can be wrong some times (infinitely rare #sarcasmornot).
SO NOW THE UPDATES, because that's why you are here :
Let's talk about some facts. However i look the graph my answer is the same : A CRASH NOT END LIKE THIS . We are still way too high compare to the average price action before the begin of the bubble.
In a technical way :
- We have break down the triangle who was contracting the price since 2 years now and for THE FIRST TIME EVER we broke the weekly 200 MA (and the 200EMA you see on the chart in blue, but for the second time). A weekly close under the 200MA would be an EXTREME BEAR signal. I agree there are 2 more days to go before the close.
Take a look at this chart :
charts.cointrader.pro
- Ichimoku shows bear territory in weekly AND MORE IMPORTANT a FLIP in bear territory on MONTHLY
- Monthly RSI is in BEAR territory.
- Monthly MACD crossed again in a continuous bear-market.
- OBV and CMF are a disaster. With all time high sell volume.
- SAR is now break.
I know this post is not very optimistic, but more and more i'm seeing the chart, more and more i feel that the crypto-market is in a MASSIVE trouble. Yes it can only be because of coronavirus, yes the halving is coming, yes maybe BTC is the real revolution. If you follow me you know i'm a BTC supporter. BUT FOR NOW IM STILL BEARISH.
A fall to 1500$ or even lower doesn't mean BTC IS DEAD (but probably most of the altcoins will be).
Trading is a game of patience. Better days are to come.
I'm now making chart for forex and stock too so follow me and say me in the comment section which chart you would love me to see me analyse.
Wish you best luck everyone and remember IM NOT A FINANCIAL ADVISOR, I'M DOING IT FOR MY PERSONAL ENTERTAINMENT ONLY and the pleasure to share my ideas with you !
CHEERS
V reversal, if 289 could be Conquered quickly, plan to longThis is one of the images in my vision. I have provided another different image of Elliott waves. see attached link.
In this image, SPY might be a "V" reversal pattern. See left 3 samples in SPY daily chart: Dec. 2018; Jun. 2019; Oct. 2019;
SMA200 will become support once the price is above it.
"V" reversal is one kind very strong trending pattern. In all these 3 samples, "V" pattern created new higher high.
In such kind quick and big move, how to join the trend with low risk? Here is an ideal plan:
Condition:
1. SPY must go above 289 quickly, The high point marked as "B"
2. and down below 287; the low point marked as "C"
3. and go up again
Confirmation Entry: Stop buy about 288-290 (B-C)/4+C
Stop: about 284 ($1 below C)
Target: 312;
buy at 288: Risk/reward=1:6
buy at 290: Risk/reward=1:3.7
if Gap up above 290, let it go, don't chase. Risk/reward >= 1:3 is the minimum request in a trading plan.
AMD a possible Momentum Reversal, plan to long at 48Condition: If SPY could conquer the 290 quickly, which shows SPY in V reversal pattern.
If SPY is in side way or down trend, don't take this trade.
AMD is relatively stronger than SPY. It will have better chance to go up.
AMD price must go above 52 first, and down below 48; If AMD cannot pass 52, the next down target is 36 and 32 (two fresh demand zones below current price.)
Confirmation Entry: Stop buy 48 (Above SMA8)
Stop: 46 (under D)
Target 1: 55 (next fresh supply zone) risk:reward=1:3.5
Target 2: 60 (ABC pattern: C_leg) risk:reward=1:6
#EURAUD - Long Term SHORTThis could be a long term outcome for EA
There has been a lot of talk of Australia facing a recession so if that happens then I can't see it happening
We will see in the very near future
A-B-C Wave Begins For Bitcoin. $100,000 Post Halving?The Bitcoin price decreased significantly on February 26, creating a bearish engulfing candlestick and breaking down well below the previous support level. This caused daily RSI to drop below 50, invalidating my previous five wave formation. Rather, it seems that the formation ended at the $10,491 high.
But, the price has just reached the 200-day MA and seems to be bouncing, so we could be due for a relief rally/bounce. This also fits well with an A-B-C correction, which is quite common after a five wave upward move. If the correction takes the same amount of time as the upward move, it will be finished on April 10 near $7800.
The likeliest place for it to end would be between $9500-$9600, both a previous support level and the 0.5 fib level of the entire decrease.
While there will likely be ups and downs throughout the way, I am expecting the price to eventually get there and decrease afterwards.
The completion of the correction also fits well with the logarithmic chart and the halvening date. The price has increased significantly before the first two halvings, so the same is expected now. The third halvening is projected to occur on May 20 (black line). If the correction ends near April 10 (white line) at $7800, this would serve to validate the ascending support line and also leave enough time for the BTC price to begin an upward trend.
EUR_USD: Short and Long Trade IdeaEuro is nearing its sell-off, with leg 4 is on the midway.
Before its completion a ABC pattern is seen thus short and long trades are created.
Trade with care!
Gold Elliott Wave - ABC correction incoming?As we can see on the chart, there is a clear Elliott wave pattern that has formed, and I think we are nearing an ABC correction for Gold.
This is very typical for Elliott Wave, with the biggest growth on the third wave.
ABC (D) (E|A)Note: this is not backtesting, just an observation of some pairs in the last week.
All of these can be seen as ABC, but I like to chart it as ABCDE and see that E is not coming in the way. I spotted this behaviour on various pairs and time frames, but the last week provides nice summary to be put in one place. They provide nice RR, but require patience :) And of course this is not the every time winning case - you also have to take in account trend on larger time frame and support/resistance levels.
Anyway, hope somebody will find this useful and will benefit his/her trading.
ABCDa rising
AUDCHF:
AUDNZD:
ABCDa falling
USDCAD:
Failed ABCDE = ABCDEA
USDCHF:
Or just ABC with breakout and pullback
USDCNH:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
[GBPAUD] ...rebound continuation?Hello Traders!
From a technical point of view, trend on intraday chart still remains bearish , but at the same time, we cannot rule out some technical rebound in short term.
Below, in the "comments" section we will publish some technical updates if there are technical conditions. The pair still remains very attractive in the short to medium term, and it could give us some trading opportunities.
If you think our analyzes are useful, support us with a simple "Like", thank you and trade with care!
UBER in wave 5, or has possibly ended it. Uber is ending the 5th wave and setting up for an ABC-correction with a sideways result (somewhere around half March ?). Which then should start a 1ste wave up in a larger 3rd wave.
CHFJPY _ Short #ForexTrader #ForexTrading Got triggered in this morning with a pending order.
Could turn out to be a nice trade.
Depending on how we move away from this level i may adjust my TP to a lot further down but if i do that then i will provide an update on the idea.
BTCUSD: Elliott Wave AnalysisFirst BTCUSD analysis on my page. I believe Bitcoin is super volatile but after the boom in 2017 we can expect that the big boys who move the market have done their research by now. As you can see, bitcoin has made its way 5 moves up from the lowest price, ready for an ABC correction.
Lets see if the market respects it!
As always, this is for educational purposes only, I am not a financial adviser.
XAUUSD: LOOK FOR SHORTS SOON!Setup Overview: I believe gold has completed its 'A' pattern of the 'ABC' correction structure. Now that we have this data, we can make an educated guess that the market will go for shorts around the 1573 to 1583 mark (red zone drawn above). It's important to monitor price action in this zone before placing a sell order (because of the 100 pip differential between the top and bottom of the red box drawn). This is the zone between the 50% and 61.8% move that usually reverses the market on a 'B' wave.
Profit Overview: Gold has a history of wave 'A' and 'C' being the same length (or 200% of wave 'A', however you want to look at it). However, I have put take profits between 150% to 161.8% of wave 'A' to ensure we will be taking profits at the first stop on the way down as most probably will be.
Risk on sell: Make sure to widen stop losses because as in any 'ABC' correction, wave 'B' may retrace to the 78.6% line.
As always, this is all just for educational purposes, I am not a financial adviser.
Good luck Traders!
AUDUSD ELLIOTT ABC PATTERN FRACTALHELLO GUYS
I did mistake in counting AUDUSD In my last analysis
This counting it can be happen not previous analysis about AUDUSD
