Get started

Correctivewave

BTC Must hold Above 9000 to Resume Bull RunBTC is currently bouncing on a 618 fib and prior structure support. If this bounce doesn't hold, we could be looking at an ABC correction here on the 4h to strong support levels right above 9k: 9000 being resistance on the way up now coming in as support along with some prior price structure, multiple fibs, and possible trendline support coming down from the previously broken pennant depending on potential algorithms at play. The Adam & Eve pattern will be dependent upon the recovery the bulls make out of this healthy pullback. A measured move, as annotated above, could still take BTC to 11.5-11.7k because an eventual break-and-hold above 10k would signal further buying and FOMO in the market. Note: Elliott wave count taken according to the start of the bull run breakout and the largest dips along the way.
BITFINEX:BTCUSD
by serekamina
[BTC-USD] SENTIMENT ON STERIODS! OVERBOUGHT!Bitcoin has been organically bullish since April 17th, 2018, which is where I'm personally declaring the bullish trend has possibly started! As I mentioned, I like organic growth. I despise, whale & HFT pumps on any crypto and I never account for any of that to be real on my technical analysis. As much as I'm a bear, the high volume in the last 5 days is proving directly to me this is definitely turning around! Remember, I keep many spreadsheets on excel and have a lot of formulas set up with projections on price action from a mathematical standpoint. I am not a mathematician, but I did graduate in Architecture and have an engineering construction management background. So, I can get very technical if I need to be! I keep logs on all my short day trading and have a 83% win ratio. The feedback I'm getting from some viewers is that my overall accuracy is about 50%, which is guess is good. I have no idea how they came up with that percentage. lol.. The general sentiment of BTC is super high right now. People have been waiting since Jan to make some money..I believe people are too desperate to make some money, and that is why you should be careful of your entry points. Its all about psychology. Don't follow the sheep and join the FOMO! You could loose a whole lot. Wait for confirmations! But the lowest entry point i made was at $6,700. If you missed that one. Well here is your next best entry point considering how bullish we have become in the last 5 days. My next entry point should be around low 8000k as discussed on my video here! As I mentioned on this video , VOLUME to me supercedes anything! Without Volume , there are no solid bull rallies! Remember that your risk reward ratio should be no less than 1-3.. I always shoot for higher if I'm going long! Too many traders take extremely short term risk and don't even know how to account for risk /reward ratios. Good Luck till my next video! PS. This is not financial advice, you must perform your own TA. This is very educational purposes only! Thanks, give me a like if you enjoyed this video and follow me to see how I consistently profit in crypto. CryptoBuzzAnalyst
COINBASE:BTCUSDLong
by CryptoBuzzAnalyst
2
BTC 4h Forecast: Drop then Consolidate in FlagContinuing from the MicroAnalysis I just posted, BTC is most likely looking for a healthy pullback and consolidation soon. This is one option for flagging out a pattern before further decision-time up or down: an initial ABC correction down to the 382 fib and the prior price structure support near it before attempting higher. Expect multiple head n shoulders and inverse head n shoulders battles between the bulls and bears if this happens.
BITSTAMP:BTCUSD
by serekamina
1
NZD/CAD sell updateNcad came off .786 fib and has now broken out of ending diagonal... I will just make a short video and post it on my channel to better explain how to go about trading it. I've posted a couple sell entries I believe. Entering right now not the smartest entry point, it can go down a lot more but we should get a larger correction before BIG drop. You may get some flags to sell some more this week. These diagonals will very often at least reach high of wave 1 (see blue ray lines), but we should get 1 more buy for the correction. I can't explain it properly in text.
Short
by thillygoosth
Waves 101: Basic wave characteristicsHi all, I would like you all to have a basic understanding of how waves (Elliot Waves essentially) feel like. Impulse waves (the 1, 3 and 5 you hear of quite often) are generally easier to "feel". See the chart for example. The fall from 11.7k to 8.3k was pretty easy to detect as a downtrend. There is little scope of confusion during these waves. Corrective waves on the other hand (the 2 and 4 waves and well, many different forms. Mind it, they are not just simple ABC waves as commonly believed) are pretty complex. They are generally combinations of different types of waves and create confusion of bullish/bearish nature on shorter tf. Here for example, we have been correction the impulse wave down and if you are active on the chat, you will see sentiment swing every few hours owing to the complex nature of the wave. Note: the impulse wave down can even be a part of corrective wave of a higher degree. Don't get confused here, just want everyone to know how to detect these waves.
BITFINEX:BTCUSDEducation
by RyanPal
ETH currently in a correction before another impulse waveETH has completed a 5 impulse wave and is now currently developing in a possible "double threes" Elliott Wave corrective pattern, consisting of a flat (abc), a 3 wave (zigzag) reactionary, and a (apparently rare) expanding horizontal corrective wave. If we see a successfull completion of this correction by remaining above 900 levels, then we can expect another 5 impulse wave. One thing to note is that the higher degree trend is up, as I have already shown here:
KRAKEN:ETHUSDLong
by madwarrior
BTC/USDT Binance - Bearish Corrective WaveFinally could be the finale here folks. I think we are going to retest the 6k price range and exceed the previous low to complete this "healthy correction" why is it healthy? because (i believe) its not an all out crash. This is a healthy market retracement that will eliminate the bitcoin non-believers. weak hands as others refer to them by. These are ppl who don't A) have the vision to see where and what bitcoin is, and B) don't have the stones to stick this out. most media attention and general consensus i get from the average non-crypto believer is that its "fake money" or they all reference how it is a bubble and therefore needs to deflate. they are always quick to point out that it was as high as 20k and now its crashing and somehow thats proof its not going to make it as a long lasting investment option for the world markets. or there are ppl out there who think that the journey to 20k was only 'ice cream and puppies' aka good all along the way. So these ppl who get in with this notion, thinking: 'all i need to do is buy BTC now, put like $1000USD in and in 1 year/5 year/10 year ill be RICH!' ....then the price dips lower than what they bought at. and then it dips lower, and lower, and lower, and seemingly it will never reach the bottom....and its only dipped like 20%. by the time a greater drop occurs - they get wise and decide to exit only to see the price make a mini rally. and then they jump back in, and watch it descend....and the cycle repeats. Awareness of price direction - which elliot wave theory helps to identify and determine using a strict set of rules and guidelines, pushes panic away and hopefully remove the inescapable emotions we all feel when the market moves in a direction no one wants to see. stay calm. bitcoin is not going anywhere, it will not crash to zero. buy the dip, and if have been buying dips and you are out of cash - then wait or make more cash so you can get more dip. lets see what happens. :)
Short
by astoinis
2
Idea on the DJILooking at the moving average we can see that it is trending hard to the down side. A few days of recovery and considerable buying power has yet to stop the MA trend. We may see an attempt to bring the market back up for a rally, however, all things considered the market had a great run in 2017 and we may have hit an all time high and look to start a correction to the downside. We will see what the next few weeks has in terms of media FUD and FOMO. I do believe we might see another 6-10% to the downside. Thoughts or feedback? Please understand this is not financial advice. Trade at your own risk.
DJ:DJI
by CEOSHMO
BTC Elliott 5 Wave Complete Expect ABC - Primary D Wave of 12/21BTC has been completing 5 and ABC/ABCDE waves for days...weeks... Having just completed a Miniscule 5 Wave we can expect a Miniscule ABC right now...It appears to me that these Minor and Miniscule 5 and ABC/ABCDE waves are part of BTC Primary Correction ABCDE which began on December 21. Should this be correct, that would mean that we are currently in Minor Wace 3, that is within Primary D Wave of the ABCDE correction which began on 12/21/17.
COINBASE:BTCUSD
by BTCookieMonster
4
Bitcoin Jan 19 2018 UPDATED WITH EW FIBGoodmorning! BTC is moving upwards in count 4 of 5 corrective C wave down. expect failure of rally at max 12400.00 whereupon BTC is expected to turn sharply down to complete Wave C correction. Upon forming the expect coming low look for BTC to next start a new structure moving higher solidly. We will need to look for evidence supporting a trend reversal once the current structure completes. A series of higher highs, lower lows and volume response will he key to identification when a solid uptrend is established. Until then I expect this current 4th wave rally to move to possibly as high as 12400 before resuming lower to 8700 and very possibly lower to 6400 fib level.
BITSTAMP:BTCUSD
by bshgeo
AMD - On the verge of a breakoutAMD has had a pretty incredible 18 months - reaching into the teens for the first time in 10 years. Over the past couple months, we've seen a pretty substantial drop in price, from over $14/share down to $9.94 yesterday - a 29% dip. Looking over-sold at the moment. We're getting close to the end of this falling wedge, right near the long term support line, and could be looking at a bump North of $12 by Christmas. This will depend largely on breaking out of the pattern and successfully testing recent resistance around $11.45.
NASDAQ:AMDLong
by epaka