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Abcpattern

ETHEURHi guys My only concern with ETH at the moment is that the drop in price from the recent highs could count as a 5 wave down. If correct then that could have been the minor count of an A wave, meaning that the B wave is underway which could end soon. If this proves to be correct then the C wave will cause ETH to drop lower than the A wave before ETH actually gets going to the upside again at a later stage. This looks like a classic ZigZag BUT as always this is just my view:) *I used ETHEUR, the same thing is present on the ETHUSD pair. All the best Richard
by CycleForecast
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
Bitcoin correction almost over! Elliot waves don't lieElliott waves do not always do exactly what they do, but patterns and the idea behind them do not change from the system. (www.trendfollowing.com) and I counted the small lines for BTC -4.11% ABC correction and look above, the correction is almost done, if you view it from the Day-Chart. We all know, elliott waves go 1st wave up, 2nd down, third up, fourth down, fifth to the top... ABC Correction follows. A almost as high as 4th waves, B around 3rd wave and C goes down below/around 2nd wave. We are there right now, if you check the big view. If you make the Chart smaller, you have 5 waves in the 1st wave, 3 waves mark the waves down to 2, 5 up to 3, 3 down to the number 4 of the waves and five go up to the high which marks 5...Down the ABC correction is 5 waves to A, 3 up to B, followed by 5 down to C. If you make it smaller, you get 21 subwaves in the 1st wave up, 13 down to 2 etc... ABC correction now: 21 down to A, 13 up to B and 21 down to C... On the chart I marked number 17 out of 21, so soon guys the ABC orrection is over. EMA also moving in and it will make a big bang up. Check out my Year analyzes. I know I do not have a big name on this homepage, but this will happen. Thank me later if you like :)
COINBASE:BTCUSD
by FloTi
1
Verge trade for next impulse(300-400% profit potentiality)According to coinmarketcap data, there are 1476 coins/tokens involve in the crypto market. almost 90% coin/token is fake. they don't have any value or real purpose. only around 150-200 coin/tokens are good for investors. But blockchain is a revolutionary technology. So when you would like to invest money in crypto market definitely you need to do some research. I will post my analysis on which one has value. Verge is one of them. I am looking now next impulsive move.
Long
by No-trading
12
BTC -90% ? MAJOR CORRECTION IS COMING. Hello guys, a lot of analyst (me including) are too often focus on the 1h/4h or at the best 1day chart, which is good for traders but don't really show us where we are going. First of all I would like to call back that correction and especially the biggest are HEALTHY and are a good opportunity to invest or strengthen a position. This chart is really simple, and in fact it's only a possibility, but days after days this possibility looks more and more likely for me. If you dezoom and look at the weekly chart you can see more or less the same pattern of the crash of 2013 end and 2014. For the first time in near 4 years, the chart looks to flirt with bearish woods : RSI (Relative Strength index) is at the border (blue line is our crucial RSI support to hope for a new rise). For the first time since 2014 both MACD lines just touch what is a very bearish signal. And the weekly chart is almost identical at the one of 2013/2014 : bullrun during 2 years with no real correction and then a weekly decline to -90% of the ATH. We actually achieve -50% of the ATH and then maybe only half our actually correction... BUT, because there is a but, IT WOULD NOT BE A CRASH OR THE END OF THE CRYPTO WORLD. After correct during 1 year in 2014 BTC jump from 100$ to 20000$ so we could see the beginning of new parabolic cycle in the comings months/years to 100 000$... As quickly show with my basic Elliot Wave ABC correction, in this scenario my target would be around 2500 and 3000$. Further correction are possible, but i don't expect the price go very more low than 2000 so buy at 2500 and hold some weeks/months looks reasonable, and in the best case you just buy the perfect price :). Goodluck everyone and have a nice day. Feel free to post your minds, agreements and disagreements are always welcome when they are supported by arguments. I'm not a financial advisor, i only do it for my personal entertainment, do your own research.
BITFINEX:BTCUSDShort
by KassandrA_dotcom
1
Bitcoin CorrectionMy first TA on Bitcoin was this one: Unfortunately it was worse than what I expected, as of now BITFINEX:BTCUSD is still dropping... This was expected because Bitcoin has been growing for months... It has 12345 Wave and of course it must do ABC to complete the Elliot Wave. In this new analysis it's expected for Bitcoin to reach the 0.786 Fib level of $8501.2 IF it breaks that level and closes bellow it the 1 Fib level is at $5400.2 which I doubt, Bitcoin should finish the ABC and reverse the trend thus making all coins 'green' again. Trade safely! (Do not take this as financial advice!)
BITFINEX:BTCUSD
by angel_lobs
6
KEY SUPPORT IS DEAD : Welcome in bearish woods.Hello guys, here some updates of my precedent chart. The crucial point of my precedent TA didn't hold and invalidate the ABCDE bullish flag. We clearly see now the woods of a major correction. Remember correction are healthy and that's a good time to buy more if you caught the good price. Different scenarios are now possible : - We could be at the wave C of an EW ABC correction that would push us to 8k area. - We can see on the chart a descending triangle pattern who could slowly put us to 7-6k area with a possible breakdown to 4K... and yes... i think it's possible but as always it's a game of probability. For the first time in Bitcoin history (if i remember well) the daily MACD shows a possible reverse trend in bearish zone. RSI shows signs of bearish too. We'll probably retest 10K before any other scenario, but i don't expect this support to hold a very long time. It's always a pleasure to read your comments, agreements and disagreements are always welcome when there are constructive.
COINBASE:BTCUSDShort
by KassandrA_dotcom
5