BTC/USD IT'S CLEAR NOW - ELLIOT WAVE & ABC CORRECTION WAVE !!Good day everyone,
It's clear now that we are almost done for ABC correction started on Dec 2017.
First scenario and this the most thinkable scenario is to bounce from the double bottom area this will need a good volume to break the hard resistances on the way i don't think it will take time to fly.
The second scenario is (C) wave will take us deep to 5000 & 4000 area looking for strong support to bounce from there.
The worst scenario would be to go more deeper (3000 area) and bounce from the uptrend that we have since 2016, But i don't think so.
This is not a trade advice.
Best wishes.
Abcpattern
ROAD TO THE GOLDEN LITECOINHi guys,
I needed to do that analysis to share with you a great opportunity.
The ABC correction is about to end soon. As you can see on the chart, we have a double-bottom forming. While LTCUSD is stagnating, RSI indicates a nice bullish divergence coming. MACD also confirms that move as the green line crossed the red.
In a short-term we should retest the falling wedge support to go to $137 significant support. If the bullish move is strong, we could recover $160 where we could find our Fibonacci middle support.
That was a short and brief analysis, hope you enjoyed, whatever you think you can agree, comment or follow to see my next analysis.
Have a nice Sunday ! ;)
BTC big deep - big up to come?Dear Crypto friends,
we are facing a relatively crazy BTC moment, but as you know crypto is always a bit weird!
so after a big deep to almost 6500 BTC started to pump back, now at almost 7100, it will probably build an A-B-C correction to around 8K and afterward we are still expecting a dump lower.
MacD underbought and volume very high are a good reference to the next days pumps.
Stay tuned and like, share comment if you enjoyed the TA.
*this is just my opinion I'm not a professional advisor! Make your choices wisely and manage your risks!
TELL THE TRUTH AND MAKE IT SIMPLEHi, i will make it simple in this chart. On the 1-day chart we see BTC bounced from the 61.8 retracement level, witch is an important level, when we are under this level it is a bearish sign! Above this level we could say market is moving to bullish but in fact we didnt do this we will go downer now.
IF we hit the 8234 level, witch you can see at the orange line by today we will move downer from there and
BTC will form the C of the bigger elliot correction waves, witch will bring us to around 4500 USD/BTC.
Please look how this chart plays out ;)
Thanks and good luck with your trades.
New ETC Wave StartingETC have been following a perfect Elliott Wave pattern. After the initial five waves ETC had a corrective ABC wave and again with a textbook 50% retraction to 0.0217 BTC. Now on the next wave and using the previous ratios the estimate is that wave 5 will move to 0.026 BTC by Friday close of business.
Weekends are notoriously bad in the Crypto trading world so there will highly likely be an ABC correction over the weekend before resuming its upward trend next week.
Do your homework and make your own decisions.
Exide Industries - Long Term View Wave Analysis : Long Term View : Exide Industries : 4th Wave : C Wave
Looking at chart looks like price in 4th wave completed b wave and c wave is going on which can be expected till 180-190 area.
After completing wave c we can last rise in the price around 324 - 350 max which very extended 5th waves and then sharp decline can been seen in the price in the future wiping out 50% of the price movement.
So, if top is 324/300 we can expect decline till 162/150.
There is no idea of time line so please ignore timing of the market, just trying to fit wave patterns in the current market movement.
Note: No trading recommendation for this analysis, just trying to figure out whats going on :)
Bullish on ADA/BTC - 1 HrGreetings Everyone,
Everything on this chart is heavily dependent on BTC -0.25% fluctuations.
ADA/BTC looks like it might be coming out of accumulation. Although major downtrend has not been broken, we may see a little green in between. Trade at your own risk. This should only be a buy on breakout confirmation in my opinion. Happy trading!
ABC Correction Entering Bearish Flag 1. Wave C is typically at least as big as Wave A. Our Wave C target invalidates our Elliott Waves.
2. Bearish Flag target is determined by taking the flag pole length and using it as the exit length.
I think Wave C will help us exit the bearish flag, allowing us to start the drop to our bearish flag target.
Not financial advice. This is just what I see.
Feel free to follow me on Twitter .
ABC correction in progress. 2018 is bearish.Hello everyone. After failed Bitcoin breakout and we can expect huge bearish movement down to 2k$. I don't see right now any bullish signs on my charts. I only post simplified chart of what we can expect from the market in 2018. So guys it is going to be tough times for bitcoin enthusiasts. If there are some signs of reversal I will post it. Stay tuned and hodl on!
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
GBP/AUDGA will either come down from here or it won't, but I'm in the sell. There is huge potential for downside if it makes a 5 wave out of this 3 wave. That's the whole point. I want this move to be a corrective 3 wave, which it currently looks like. That would mean I am looking for a 5 wave down. So.... was that a "C" ending diagonal and we are coming down?... Looks like it at least as of now
Bounce coming soon- end of ABC patternTrading setup:
-end of abc elliot wave pattern
- support bounce
-bullish divergence macd
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).