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Bwave

FUBO "B" wave bottoming? First upside target 4.85USD?This is a followup idea on my previous one where we "idezied" the bottoming process, which so far has been manifested. So far I see it as a huge (A)(B)(C) forming to the upside, hence the choppiness, which overall LIKELY will stay as 3 wave structure hitting a several year upside target of between 22 - 84 USD, too soon to projectile anything more proper target. Can it be something even more bullish? Yes, but it has to proove a lot in the upcoming years. In that case it is LIKELY to be a huge overall diagonal. What I lean towards is that we are in the huge white (A) wave, unfinished still, within that we likely to have a big ABC structure, in which the "A" wave likely completed, and we are in the "B" wave down. I have already removed the 0.382 and 0.5 fib retracement levels, generally we are reaching/has reached a very good risk/reward ratio already for the long term. As this could be the b wave down, it is quiet tricky, morphing, wavecount changing and evolving, and likely to have more choppiness. Even it COULD undershoot as still be valid, hence I have carefully, but constantly scaling back-in for long Next support levels to watch: 1.65-1.50 After that: 1.30-1.20 (less likely, but CAN happen) After that: 1.16-1.05 (even less likely, but CAN happen) Currently we are below all meaningfull moving averages (9/21/50/180&200 day MA's), but within support. I have added a "bearish" route/count as well, for the very long term I am still bullish even in that scenario, however likely to have 1 or 2 more swingdowns deeper to complete the yellow route big wave 5, and THEN (assuming no banktrupcy) would have at least a very strong correction to the upside.
NYSE:FUBOLong
by tommtajlor
4
4 Panel of BTC correction IdeasSo I'm trying to consolidate the various ideas for this move, and here are a handful of possible concepts I'm tracking schematized in EW. I have to tighten them up some more, and do a more thorough write up but the key things I'm watching for are fairly straight forward: - Non Farm Payroll Friday NY Open - CPI Oct 13 Mainly I'm watching if we are going to consolidate into Friday, or push up. I'm leaning towards consolidate, as in no material range resolution, but let's see. I'm looking for SP500 to cool off from this level.
by Linneaus
Bitcoin's Fake Rally Soon To FollowBitcoin is clearly in a zigzag formation. It's got five legs down from the April peak and is now in the midst of its B-wave. If we zoom in on that B-wave, however, we can notice that we're within the B-wave within that B-wave. And ... yes, you got it! ... within that B-wave of the B-wave, Bitcoin has just initiated its C-wave. Upon completing this, which should occur between $34,500 and $36,000 for a 0,5 or 0,618 fib match (both of which also coincide with horizontal supports) should initiate the C-wave of the major B-wave. This move in turn should take us somewhere between $45,000-50,000 before plunging Bitcoin into a seemingly abyss. This move, likely down towards the $20,000-24,000 area (all depending on where the big B-wave finishes) will take most investors by surprise and will be an event that causes despair and for people to give up. THAT'S when Bitcoin will have completed its long and tedious and, to many people painful, correction and will then be ready for new all-time highs. Make sure you're prepared for this as it will scare the living daylight out of the vast majority of investors and traders alike.
BITFINEX:BTCUSD
by LongLifeTrading
5
EURJPY: Undecided Yet !On EURJPY, price has invalidated our previous analysis by almost reaching the top of the A-corrective wave, so here are our 2 possible scenarios: 1. Up then Down: Price can reach the resistance (130) then dive downward and break the down trendline. 2. Wave Respect: Price can still validate our previous analysis if the A-wave isn't reached by the B-wave and thus the price would break the down trendline and when the price reaches the support have a new Long position there. Until then, Trade Safe and Best of Luck !
Short
by Therealsmaira
B Wave Correction -Potential Pull Back TargetsHoLA traders. As you can see from the chart, Wookalich Ratio (BTC NVT) is signaling what everyone already knows -even though there was a "flash crash" down to $44.845K, bitcoin is significantly overbought and further downside should be expected. - Bearish Divergences present. - Monthly RSI is extremely overbought. Even though it's hard to be bearish on the bitcoin price -ignoring these bearish clues will only end in disaster. As of now, I am expecting a move down to $37.14K (BC) where I will have begin to enter into a long position. However -there are two more bearish targets of significance: 1. $23.535K B Wave correction is an "Expanded Flat", price would then be expected to re trace to the 1.272 of AB ($23.535) - This scenario is not as probable, as a breach of the 21 WEMA would be necessary to meet the measured move target.. A move that would indicate the ATH of $57.648 was the macro top and bitcoin is entering the next bear market - Baring another BLACK SWAN EVENT, I do not see this BULL MARKET being near completion. My cycle target is $360.6K 2. $32.775K Area of Confluence: Anchored VWAP from the point of breakout that initiated this parabolic bull run, 21 WEMA, and 88.6% Fib RT of AB Traditional markets are looking shaky -DXY appears to be turning bullish. A lot of eerily similar market signs to this exact time LAST YEAR... JNY 3CandleCollective
BITSTAMP:BTCUSD
by BitCapJNY
3
USDJPY Buy to Sell Price actionIdentified a number of PRZ of interest Overlapping Fibonacci Retracement and Extension levels - Double Bottom at 106.8900 level - Potential Flat correction at B Leg of ABC correction - Signs of strong rejection at completion (100%) of AB=CD pattern of double bottom - Looking to enter long at 50% retracement of AB=CD pattern - Projected Target is 138.2% extension level of Double Bottom Flat correction Sell Limit - Entry at 138.2% extension level of Double Bottom Flat correction - Projected Target is 70.7% retracement of major Impulse Wave; 100% Extension of AB=C Correction Always Use proper risk management
by HomeEcTradingCo
Alessio Rastani is not rightI highlighted two areas. which one do you think is a corrective pattern and which one is a motive pattern due to wave principle? A wave that consumes time and has a lot of intersection with its other waves is a corrective wave And a wave that consumes price more than time and has very least intersection with its own waves is probably a motive wave. It is obvious that bitcoin was in a corrective pattern in 2018 ! Regardless of this information when somebody like Alessio Rastani says that this move from 3k to 14k was (probably of course) a B wave, it is not enough, why ? Because he should prove that by counting its subwaves and determine the type of correction that he is talking about. I decoded these kind of peoples methods. How is that ? I tell you right now -They say something -Then they try to convince people with very complicated reasoning -Then people think that they can not understand what he is saying and they start to undergo to state of mind that i call it confusion - after that they are ready to give money to Alessio Rastani -then Rastani starts a webinar and introduce the newest way of trading using leading trader indicators -and then he sells indicator for 1000 usd for poor people I want Alessio to provide us a wave count and its reasoning behind it. My question is simple. What is the type of this move from 3k to 14k in wave principle corrective patterns ? -Zig-Zag -Flat -triangle -combination (WXY or WXYXZ) it is so simple. Can he answer that. He can but he does not because we should buy member videos !!
BITFINEX:BTCUSD
by farzinsabbagh
1
Harmonic Inc on the weekly looking very interestingYou can draw your "yellow" B wave as a WXY, trendfib it, and you double bottomed at equal length. You can count 7 swings. When you examine the trend line touches of structure, it can count complete. If you invested lower down, I would say it would be worthy the gamble of letting run. Notice the "0" level lower down. The stock has been working on this pattern a long time. Check your fundamentals, but pay attention for at least a buy setup to 800 ma on weekly.
NASDAQ:HLIT
by thillygoosth
BABA FOR A QUICK FLIP, BULLISH TO $165.00This may be 1 of 2 most probable pathways....either we see a simple ABC or and expanded diagonal/triangle consolidation. based on the "law" or guideline of alternation: MORE LIKELY that it is not a simple ABC and in fact a larger ABCDE correction forex-indicators.net Alternation The guideline of alternation is very broad in its application and warns the analyst always to expect a difference in the next expression of a similar wave. Hamilton Bolton said, The writer is not convinced that alternation is inevitable in types of waves in larger formations, but there are frequent enough cases to suggest that one should look for it rather than the contrary. Although alternation does not say precisely what is going to happen, it gives valuable notice of what not to expect and is therefore useful to keep in mind when analyzing wave formations and assessing future possibilities. It primarily instructs the analyst not to assume, as most people tend to do, that because the last market cycle behaved in a certain manner, this one is sure to be the same. As "contrarians" never cease to point out, the day that most investors "catch on" to an apparent habit of the market is the day it will change to one completely different. However, Elliott went further in stating that, in fact, alternation was virtually a law of markets. HOWEVER, it is likely still a B-wave and therefore just a bounce before further consolidation/ aka quick flip around $165.00 not financial advice just education
NYSE:BABALong
by astoinis
Eur/Mex Ending DiagonalThis is the daily. Diagonal seems to be in a wave 5 position of a "C" wave. Emex seems to be holding at the 27% extension of first wave (high came off the 1.382 trend fib extension). Both Umex and Emex are showing "B" wave corrective structure. And I would not be surprised to this diagonal double top (See USOIL). It broke bottom trend line and pulled slightly back up. I would wait for (hope for) it to correct up and trade it by sell stop order to catch it on the way down, but that's just me personally. It seems like a "W" count to me. That would mean an "X" wave next (3 wave correction, usually somewhat flat like in this scenario) which can be 50-75% (usually about 62%) retracement of the 3 wave move by the time completed.
by thillygoosth