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Correctivewave

BITCOIN to 90k by June? 🚀After a corrective wave bitcoin's space shuttle should be refueled for take-off. It appears the corrective wave has already started and will not be too drastic making it a period to Hodl or just buy more. I copied the first impulse wave's pattern and imposed it at the end of the potential corrective wave which takes us to $90,000 by the end of June this year. Prediction: BTCUSD hits $90,000 halfway through 2021, holds that level, and finishes the year at about $120,000 with major support at $100,000.
BITSTAMP:BTCUSDLong
by EBITDAtiger
10
Elliott Wave Scenario. Risky scenario. Short first. Then long.So there are two main scenarios. This might be one of them. We are in a corrective move now. Finishing the wave C down. And will then continue with a wave 3 which is part of a bigger wave 3 or 5. The later 3/5 wave needs to be checked. I've added some fibonacci ratios, trends to predict areas of resistant. There is a fibonacci time indicator too. We'll see what happens. Hat tip to Dragonfly Trading Hat tip to Cryptovac for giving me a trial Message me for links to them.
Short
by ofcoursebutmaybe
BTC correction before bullish continuation?DISCLAIMER: Im not an Elliot Waves guru but only use the waves as a reference of a trend. BTC seems to have finished a three waves correction after which is seems to have started a new trend. What we know about trends is that it moves in waves as well, impulse correction, impulse correction, impulse correction... On a lower timeframe we can see a perfect pullback to the Fib 0.618 level. After which it surpassed the previous top creating a higher low followed by a higher high. Up next? Higher Low (if it is a valid trend). Taking the Fib from the low to the high of the latest impulse we get to the 50K area. This corrective leg down should consist of three sub waves, which would look something like this: As said if the trend is valid, the price should never go below the previous low so that is where you should place the stop for this idea. The final impulsive wave of this set might not go directly to 74K but that would be my ultimate upper target. ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
by MattieDsCryptoLounge
Don't worry about BitcoinBitcoin is still in up channel and it needs to make a lowSo to make an another low, Bitcoin needs to retrace and right now(2/24/2021) BTC is experiencing a corrective wave.] Also Bitcoin is experiencing a bearish candle in weekly time frame. Based on fib retracements , Important support zones are: Zone 1: 45100 - 44500 Zone 2: 42230 - 41700 (chance to return from this zone) Zone 3: 39600 - 39000 (difficult to break out this zone) Zone 4: 37400 - 36700 Zone 5: 34500 - 33400 Zone 6: 30000 - 29200 This is not an investing or trading idea, This is just an analysis for BTC recent corrective wave. Do your own research and remember risk management is the key of success in financial markets. Thanks for your time Comment your idea and let me know what you are thinking
Short
by KiomarsRakei
2
GJ Full Analysis !!Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We Have an overextended "W" Formation and we expect a retracement at least to the 0.382 FIB level which is in confluence with the potential Target 1 . Weekly : We also have an "W" formation as well and the neckline is exactly in confluence with the 0.5 Fib level taken on the previous impulse leg. Daily : We are sitting at a Wave 5 and we are expecting a correction sequence "ABC" before the continuation to the upside . COT : Institution have been decreasing net positions in JPY since they closed more than 8500 long positions and added to 1100 Short position during the last report. From an GBP perspective we are still looking at a strong GBP because hedge funds added more longs positions than shorts and this explains the fact that there will be a lot of buy limits on this pair and then support our idea of correction in the market. 8H: We are currently super bullish and we will be monitoring price action around the Entry area for the environment to shift from a bullish to a bearish environment so we can execute our entry for a good R:R trade setup. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. You can also leave a comment and let me know which pair you'd like me to analyze in my next idea. Trade safe !!!
Short
by TheDayzen
CADJPY | Perspective for the new weekWith a successful break above Key level @ Y82.150, the potentials leading to new higher highs becomes very likely as I look forward to a correction phase in the next couple of weeks before the new rally begins! Tendency: Uptrend ( Bullish ) Structure: Breakout | Channel | Supply & Demand Observation: i. The long term perspective of the CADJPY has been Bullish since mid-last year before price action got caught within a Channel. ii. Channel has been respected since the beginning of the year (2021) before a successful Breakout happened during the course of last week trading session. iii. The Y82.150 area that has been a Supply zone for the last four weeks finally surrenders to buying pressure last week. iv. This Breakout is a sign that Buyers have begin to gain momentum has Sellers give in with the hopes of waiting for a good price to sell. v. Considering the character of price during last week trading session; I expect to see a Corrective phase that will channel price into a good Buying zone around Y81.400 and Y82.200 (represented with Buy Window I and II on the chart). Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:5 Potential Duration: 6 to 12 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
4
BTC hourly UPDATEAfter massive correction from 42k to Strong support level of 30k, BTC price recovered itself again and now price goes through the ascending channel as you see in the chart. by now to reach ATH level again we have some strong price levels that need to break again, fibo levels , EMA200, 36k Strong level if the price could be stabilize above EMA and 36k , there is good sign to reach to ATH again and maybe a new ATH ... but if it can not consolidate itself in this zone price will drop out of ascending channel and continues to the correction.
by behnamkarimi6
EURUSD to break corrective channel?EURUSD H1 is consolidating in Zigzag A-B-C inside the corrective channel of wave 4. Buyer should wait to confirm the end of wave 4 when price will break the top of channel. The C leg of Zigzag should have 5 waves impulse downward. Which is now I can count only 4. So, there might be another swing down to test the bottom of the channel. Traders who want to short should wait for the break down of the bottom channel, which indicates more deep correction or the trend reversal.
Long
by Tanakorn_Koomrampai_CMT_CFTe