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Elliiotwave

BTCUSD | CORRECTION HAS NOT FINISHED YETInstead of having simple ABC correction in 4th wave, Bitcoin is moving to complex one - WXY, We have a Zig-Zag to 50% correction level for 3rd wave. Probable future scenarios: - one more Zig-Zag up to ~65k or even slightly more, and after it final Zig-Zag down to previous levels: ~52k-50k; - final Zig-Zag from current levels down to the same levels ~52k-49k or slightly deeper to previous wave support levels ~45k-42k. After that, Bitcoin will go to final 5th wave of bull cycle. Hold your cash ready for one more deep dive.
by Lucique_
Nasdaq Update, Minor correction completed .... maybeSome reversal today, however, when all is said and done the market closed closed up 0. something %, so as anticipated previously, nothing dramatic. My concern is with the wave 4 failure. If this count is correct, is an area of strong selling, maybe some continuation of todays afternoon rally may overlap into the night session or early tomorrow. However, the Minor degree correction is complete and the intermediate is underway. This suggests the wave 4 failure area should be taken out with ease, but as I said, 'tis an area of concern. A break above 15680 will confirm we are in an Intermediate wave B which will drive prices back to the highs. A failure at 15680, or indeed the infamous wave 4 failure area, would strongly bring back into play the previously mentioned double or maybe triple zigzag , thus keeping us in the Minor correction. A bit confusing I know, but that's Elliott Waves )) As I said, don't try and trade complex corrections, go for the minute charts (1, 3, 5 or 15), just keep the current count in the back of your mind so you know when to expect possible reversals.
TVC:NDQ
by csmottola71
BTC.USDTUPDATE a short correction is on way :) Hope you feel well, I see a bunch of potential in digital currencies market, so be patient… ♥ I’m investing on digital currencies and I’m not going to trade on it. (as my analyses are on daily) **I suggest you to buy those that have +correlation with BTC.USDT if you want to sleep well at nights** BTCUSDT is on a bullish trend so u don’t need to be worry about most of digital currencies. At the moment BTC is going to make 5th wave, it’s the last wave of a trend, it should start, then the targets are better shown. (99%, 5th wave must come to 3rd wave) (so be relax) I do update some of those nice currencies that I really love and are safer. The red arrows are not showing exact way of price moving, they just show the trends Wait for buy levels (1) then buy
Long
by iranfxsignal
3
WARNING - TOO MUCH BULLISHNESS - BITCOIN (BTCUSD) to 9,100This is an update to my previous post regarding a leg down in BTC . I've refined my wave count to the most probable scenario beingBTCUSD to $9,100 which will wrap up this 2nd Wave. If nearly-symmetrical to wave 'a', we should see a 'c' wave from current prices down to roughly $9,100. There is just WAY too much bullishness in the news right now. Way too much. From the completion of wave 'c' of Wave 2, I see a 3rd wave taking us to $23,500 over the coming months; most likely by end of January 2021. I did not factor time into the 3rd wave path drawn up to this target as it was more to illustrate the overall structure of a wave 3 . As usual, I hope I'm wrong and we just go straight to the moon from here. if you've listened to Michael Saylor's description of how they accumulated so much Bitcoin in just a few days, then you know that, if done properly, it will dampen volatility, not increase it. So, then looking at every headline on Youtube or the title of nearly every current article, everyone is strapped in EXPECTING LIFTOFF . To me, this signals way too much bullishness and a near term top. I do expect the remaining half of October to be sufficient time to complete wave 'c.' Given the nature of 3rd waves, I wouldn't be surprised if right around November 1st, we started feeling the pre-burn on our faces from the impending-face-melting-wave-3. If you want alternate counts, please give this a thumbs up and/or comment. If I'm wrong, please tell me why. I love a good discussion. NOTE: I do see an ultra-bearish-alternate-count that is structurally possible, but unlikely. This can be posted if enough of you express interest in my ideas above; otherwise it's a waste of time. Thanks for your time!
BYBIT:BTCUSD.PShort
by DataMaestro