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Abcpattern

Bitcoin Possible Bullish Scenario 27-28K TargetDare we dream? On Bitcoin . I'm a recovering pessimist, but old habits die hard, so I don't favour this right now. I am more partial to a move down (not too far), but this would be the bullish scenario if the bulls just steamroll the bears after that bounce off the 200 weekly MA. From 22870-27000 (range high includes a 27-28K profit target). This also closes the CME gap, so there's that. I would actually be in favour of a slightly more bearish scenario, but just posting this because it is possible. I lean more towards a move slightly lower down from here into the mid to low 22Ks (say 22100-500) prior to a move higher, but I am posting this because it is a possibility from here. Also fair warning, I don't really us a lot of Elliot Wave. Also supporting the "slightly more bearish scenario" would involve a trip down into the mid-to-low 22Ks which would likely lure in more bears (late bears) to short, and set up a possible bear trap, and use their money to catapult us higher. I might draw this out, but I don't think I need to atm.
BYBIT:BTCUSD.P
by JJMa
Bitcoin: Positive sideBitcoin could to ending this ABC correction pattern, but we could to forming an accumulation zone from this zone. But in case that we break-out the resistance of $30k. This could be confirmed with pull back, and if pass this test, then, Bitcoin will return to the bull rally. This it's the positive side only that using some key factor that affect the #Bitcoin price. 1) Inflation rate (Gross Domestic product) 2) Interest rate 3) U.S. Dollar news by Federal Reserve (correlated) 4) Macroeconomic news ***It's very important to read what happen in Forex market (correlated with U.S. Dollar) to know the perspective by medium to long term, and using this fundamental analysis, we could to project the decision on how the global market will work. Anyway, I will make an analysis in the negative side to know if Bitcoin will forming any bearish correction from this point like 2018 when we forming the descending triangle around 6k and drop 50% to $3k on the 4th quarter of 2018. I hope that this idea support you
COINBASE:BTCUSDLong
by harisonhbn9718
Ethereum could to ending this ABC correction patternEthereum could to ending this ABC correction pattern in weekly timeframe what we look an interesting point to view that in based what will be the reaction of Forex market for the next weeks, I can to take a good plan to change my mindset and look possible bought in the new bull rally, but there're some point that we would need to confirm. 1) Fundamental Analysis 2) Technical Analysis 3) Look the sights by medium to long term in based of these first 2 points. Well, I share this screenshot in weekly analysis that we formed an ABCD correction pattern and we have the same measurement using Fibonacci for harmonic. So, in based of the ABC correction pattern, we could to se a new bull rally soon. But, this rally we need to support by negative news in the global economy, with more correlated with U.S. Dollar, look the interest rates, Gross Domestic Product and more macroeconomic data to confirm it that Ethereum it's in the good point to bought. By the contrary, we could to invalided this pattern and in case of more crash, so, we don't ending the bear market. We're in the bear market yet, but using some point mentioned above, you can to take better decision to invest in crypto or stocks. Now, I look that in monthly timeframe, we closed up pretty positive to consider a bought, but I'm interesting to trade and check-out the short timeframe like Daily if we could to see a opportunity to trade Ethereum to long. I hope that this analysis support you!!!
COINBASE:ETHUSDLong
by harisonhbn9718
1
CRO longterm targets.hello everybody. CRO seems to be at the end of an ABC correction and compeleting C wave. according to the 100% wave A retracement and 261.8% wave B extention and these two levels overlaped. this level is a good support level. and momentum is in oversold area and pulledback to exit this condition. after end of correction we can see a yellow target level that i show on my chart. this level contains three important factor: 1-moving average 200 2-old valid trendline 3-50% fibo retracement level of ABC correction. . . . FUNDAMENTAL: CRO have good fundamental and good news these days. the most important news was partnership of crypto.com with qatar fifa worldcup. and in these 4 5 month we can see good grows in this lovely altcoin. . . . dont forget to manage your capital and risk. . . . if you take a trade you must set a good stoploss. (NOTE!!! this article is my own opinion and its not a trade advice. please tarde on your own opinion and use others opinion to improve your analyze.) . . . so i will do that.please support me and i wish use your experience and you can help me to improve my abilities. thank you all.have good days.
Long
by TraderAmin-KZ
2
2306 GBPJPY Bear comes back, sell to 163 for 300 pips.Hello traders, GJ did not reach that high we were looking for. And on 4H chart, you can see a bearish M head with lower B for sellers. It finished ABC( green) wave in a rough way, it will make a simple strong bearish new ABC (red ) wave down to 167.8-163 very soon based on this chart. So keep eyes on the final candle to see if it is a strong bearish one. Orders from Euro and London session could pull price down, and New York session could make it down further. GOOD LUCK ON THIS PLAN TO SEEL GJ. LESS IS MORE!
Short
by FUNTRADER-Vera
SPX Possible Elliott PatternI seldom use Elliott wave simply because of the extreme bias it has. I know that the Elliott wavers will say that there is safe measures in place to correct your hypothesis, but why correct it, just simply use divergences or some other method of analysis where you remove as much bias as you can? Anyways I do sometimes use it from a long term and hopefully completed pattern. I mean by that is that I do not add the hundreds of fractals that others do and settle with the pattern being finished or next to finished. Here I will borrow from Elliott wave in negating this premise that the markets are about to bottom in saying that if there is a new bottom and with big volume then this hypothesis is invalidated. Long term investors should be looking at this. Stops would go below the lowest low. To be safe wait for oscillator confirmation. Let's hope this is correct. I getting tired of the silly bears.
OANDA:SPX500USDLong
by Sinex
1
CAD/CHF: Elliot Wave Analysis ProjectionCanadian Dollar/Swiss Franc forming an Elliot Wave Cycle that could to continue up to find the Elliot Wave #5 in this timeframe. But analyzing more deep, the yellow number reflect the Daily timeframe what I draw more better here in my own analysis here: We're forming the phase #5 of this Elliot Wave Cycle. And look in H4, we see that we're in the good point that we can to bought in the drop of this phase #4 of this Elliot Wave Cycle in H4 timeframe, and now, we're in the interesting point that we could to find up long position following this model and example Everyday i work better in my analysis and I earn experience to make professional analysis with nice design and template, more understood, classic and modern I hope that this idea support you. In some minutes, I will post my 2nd analysis of CAD/CHF to know if we're in the good point to bought!!!
Long
by harisonhbn9718
SPX - so CLEAN so FRESH Elliott Waves always BLESSHey traders, We are today analyzing the SPX, and we are going to prepare for a LONG, because we are soon entering the C wave. " Stock indices in the United States began lower on Friday, driven down by Tesla and Apple shares, as a strong employment data stoked fears of tighter monetary policy and rising inflation " LMAO They can talk about anything in the news or what, Elliott Waves is always before the news. SOooo, either we long now, or at 38.2%, but the strongest objective is right now at 23.6% No more description needed, everything is on the charts and also on my previous charts GL HF
OANDA:SPX500USD
by ModTrades
2
GBPJPY BREAKDOWNOn a monthly timeframe, we are in a good trending market (Bearish). Currently in a correction phase after the long impulse move which occurred or started around 2007 and ended around 2011. We are in a beautiful ABC correction. Patiently waiting for wave C completion before looking for impulse move to the down side though continuation of the whole bearish movement. we might encounter a flat correction or a running correction but to gain confidence, wait for trend line break. WAVE A = 3 WAVES WAVE B = 3 WAVES WAVE C = 5 WAVES To enter, as a patient trader, wait or look for trend line break, a retracement of about 50% or 61.8% fibs level before entering a position.
by Ifeanyichukwuxx