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Elliottimpulsewave

Gas Long Opportunity As we can see almost all the alternate coins are showing exactly the same pattern after the starting of Bitcoin's downward trend since May. Again Gas is showing the same thing here- the same falling wedge pattern- and seems it is going to start its rally if it finished above the upper resistance line. RSI showing a positive ourlook and volume is expected to spike to see the rally in the near term. Entry levels : 165k to 180k Possible Targets / Fib Levels Target 1 : 208259 sats Target 2 : 243788 sats Target 3 : 272504 sats Target 4 : 301219 sats Long term Targets Target 5 :342102 sats Target 6 : 394179 sats Good Luck. Legal disclaimer: Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
Long
by cryptotalk_et
AUDUSD 1 Hour Elliott Wave AnalysisHello Traders, In this 1 hour Elliott Wave Analysis we will have a look at AUDUSD. The pair ended cycle from 06/06/18 peak (0.7677) at the low of 06/21/18 (0.7344) in red wave A. The internal structure of red wave A unfolded as 5 waves Elliott Wave Impulse. Where black wave ((i)) ended at 06/08/18 low (0.75603). Up from there, it ended black wave ((ii)) correction at the peak of 06/12/18 (0.7624). Below from that peak, it ended black wave ((iii)) at the low of 06/19/18 (0.7346). Up from there, it ended black wave ((iv)) correction at the peak of 06/20/18 and finally, it ended black wave ((v)) of red wave A at the low of 06/21/18 (0.7345) From that low, the market is currently in the process of correcting the cycle from 06/06/18 peak in red wave B in 3, 7, or 11 swings and as far as the pivot at 0.768 high in our distribution system stays intact, we are looking for more downside because of its 1-hour bearish sequence.
Short
by Elliottwave-Forecast
GBPNZD (Butterfly Pattern) - 4h ChartBullish Butterfly Pattern - A-B must touch 0.786, but cannot exceed X - B-C touches 0.382, but sometimes goes further (does not exceed A) - ABCD formation. D has to reach outside X and touch 1.272 or 1.618 - First TP at 0.618 (Fibo D-A) - Second TP at 0.382 (Fibo D-A) - Third TP back to where it all started at top Left Leg: We can see an ABCD pattern been completed inside left leg - 4 clear points - consolidation between B and C - clear resistance at point D for bearish movement Right Leg: After ABCD pattern there was a bullish impulse for point C of Butterfly Pattern, this iniciated a bearish Elliott Impulse - 5 clear points - 1 and 4 don't overlap - 0-1 same distance as 4-5 At this point point 5 gave us D completion at 1.618 for bullish movement, but there has to be some type of consolidation at this area after so much movement, trade well and look for bullish entries. Good Trading. - 4h Chart
Long
by DanielParra99
5
Bitcoin(BTC) Update : Two positive scenarios!After the trend reversed, BTC prices are moving along the expected price pathway. In the short term the EMA (5) and EMA (15) lines are likely to be golden cross(as in the previous pattern), so the BTC price will move as orange line that shown in the chart. And as expected, the price will be reached at 'd' point soon. Now the important thing is price behavior after 'd' point. We can assume two scenarios. One of the scenarios is the price breach out strongly at the 'd' point(#1), and the other one is change the trend and go to the 'e' point(#2). #1 Breach the ‘d’ point To successfully breach the trend, a volume explosion needed. If a volume explosion occurs, it can be taken as a signal that the elliott impulse wave has definitely begun. In this case, the target price is about $ 16,000, and if strong buying continues and the wave is extended, it can approach up to $ 19,000. #2 Moving target to the 'e' point For scenarios that go through the 'e' point, the price can temporarily reach $ 7,800. Thereafter, a gentle elliott impulse wave will begin, and when entering the (3) wave a strong buying volume has expected. In this scenario, prices are likely to rise sharply rather than an extension of the wave. Both scenarios have confidence in price increases, so there may seems like no differences in a long-term perspective. However, there some points to help for investors trying short-term trading. In addition, each scenario needs to be examined in what scenario it is going to have, since the trend after the price increase is likely to be different.
BITFINEX:BTCUSD
by goyapro
Qtum (Qtum) Update: Qtum is ready to launch! Last few hours, Qtum has made a very impressive move. A noticeable volume spike was observed and it dramatically changed the trend. It seems that Qtum has successfully completed a long wedge pattern. On the chart, the volume spike is appeared at the end of wedge, and it successfully breached the downtrend. The MACD is dramatically curved up and shows a positive signal. If the Elliot impulse starts steadily, the Qtum will be priced at 0.0077 BTC (extensions in wave 5 are expected). One thing to note is that if sudden price increases persist, you should pay attention to the change in RSI. When the RSI enters the overbought situation, it should prepare for a sharp decline.
by goyapro
Price target predictions using Fib Retracement and Fib extensionABC correction seems to have finished and first impulse wave has now been completed. Based on first impulse wave we can now get some targets going for waves 2/3. Based on these targets waves 4/5 can be roughly estimated also. To get Resistance support levels (purple lines) : Used Fib retracement from previous rally up to ATH To get Elliot wave wave targets: Used Fib retracement on first completed wave to get predicted target. Then using predicted targets to further use Fib extension/retracement to Predict a full 5 wave analysis. Using resistance/support levels to reinforce price action. Have only used Fib extensions/retracements to predict these targets. Have analysed the previous years rally/crash and same Fib levels have been hit consistently. This is supportive that these target levels will be reached. Have primarily focused on Wave 3 targets because waves 4-5 are harder to predict until wave 3 has been completed. Still waiting for wave 2 to complete - have used fib levels to predict wave 2 targets (Orange/Red lines). based on wave 2 targets I have been able to get a rough estimate on wave 3 targets - Green/yellow lines. Timeline is very sketchy, have based a rough timeline based on another graph, showing We should hit $1 by June/July. Any opinions appreciated.
by HODLord
1
Bitcoin (BTC) Update: Does Elliott Impulse started? BTC price rebounded from $ 8400 points. I had expected a similar decline in the last posting 'Ongoing Flat correction', but actually it was steeper and stronger than I thought (the price plunge of altcoins). I observed ‘truncation’ in the red box shown on the chart. This means a change of trend, and the possibility of starting a new elliott impulse. So I think the elliott impulse has begun and suggest the chart above. In this chart, BTC rises as supported by a long-term downtrend indicated by a red dotted line. The goal of this price trip is about $ 12000, and will have a correction when the price reached this point. After the correction, BTC will resume the price trip to about $ 14000.
BITFINEX:BTCUSD
by goyapro
GBPAUD (Bearish Breakout) - 4h ChartConfirmations for Elliott Impulse: - 5 clear points - 1 and 4 at same price (0.618) - each retracement was confirmed with Trend-Based Fib Extension Now after an Elliott impulse, there's always some type of consolidation, which is what we got with this bearish breakout. I measured bearish breakout by placing 0.236 right below and we can see how it went straight for 0.886 -0.786 retracements and began bearish continuation, I expect to sell all the way to -0.27 (0.786 from elliott impulse at same price). Good Trading. - 4h Chart
Short
by DanielParra99
2
USDWTI (Oil)First we got a pretty good resistance with a double top, which means we have a possible 2618 trade: - double top - measure impulse - wait for retracement at 0.618 Double top + 0.618 = 2618 technique I measured bearish impulse so I could confirm areas with some Support & Resistance and we can see how each pattern or consolidation was formed around those areas, even fibonacci retracements respect those areas. Also used some Support & Resistance on MACD to confirm divergence. BAT PATTERN -Left Leg At first there's an ABCs formation right at where bearish Bat Pattern began, we can see how it went bearish forming an Elliott Impulse with 5 clear points and each consolidation that was formed respected fibonacci retracements. -Right Leg After an Elliott Impulse there's always some type of consolidation, which is exactly what we got with that double floor at the bottom, right after that retest it formed a pullback that I measured with Trend-Based Fib Extension, we can se how 1.618 - 1.414 area is exactly around bearish area. We got 0.886 -0.786 area from Bat Pattern, 1.618 - 1.414 area from Trend-Based Fib Extension and 0.618 from 2618 technique all at the same area!!! Good Trading. -1h Chart
FX_IDC:USDWTI
by DanielParra99
11
IGNISBTC Potential triangle break outThe bottom line of the triangle is the support that was tested twice, currently the price is near this level and should bounce again from it. This will be a fifth Elliott wave which will break the Triangle upward. We expect a significant rise of this coin as its fundamental basis is decent as well as technical. It has been recently added to Bittrex and we waited till the right moment to enter. Stoch RSI is in the overbought state, so we should wait till it dips a bit to the zone that is drawn on the chart. Probably it will be the best moment to buy IGNIS.
Long
by Skyrexio
2
BTCUSD Possible H&S or Bull's flag formationThe price moved accurately like we predicted in the previous analysis. However, there is an opportunity to form H&S pattern as there wasn't sufficient volume to overcome the resistance of $9000. BTC is at a critical moment: right now the price can move in two scenarios with equal probabilities. It is below Ichimoku cloud and the red line is above the green line which means strong resistance, moreover Stoch RSI is about to reach overbought zone. It broke down the ascending channel. However it is currently on the way back to it. If it manages to return then three rising valley of Bull's flag will indicate the possibility of breaking through the resistance which will grant an opportunity to move higher and consolidate there. Also ABC correction wave which was observed after 5 Elliott Impulse waves has finished, this increase the possibility of the further growth. In case of pessimistic scenario the price will grow to the $8500-$8600 zone and then will fall back to the $8000 which will complete H&S formation. Then the price will decrease till the next support zone around $7200. In case of optimistic scenario the price will move out of Ichi cloud making it the strong support level and will go above $9000 which will complete Bull's flag pattern and will open the way to a higher level of trades. We recommend to carefully track BTC price movements and put a stop loss in case of pessimistic scenario on all your trades. In case of optimistic scenario we will provide you with new good signals and trade opportunities. Currently all trades are very risky, the market hasn't recovered yet, be patient.
by Skyrexio
6
MONABTCOn the 1-hour chart we can see that 5 Elliott impulse waves were followed by ABC correction waves pattern. After this Cup & Handle pattern is forming. Right now the price is above Ichimoku cloud moreover the green line is above the red line right in the place of handle formation. Moving averages and Stoch RSI indicates oversold zone. Combining with a strong support we will have completion of the formation and the growth to the targets according to the Fib retracement levels. Buy only when it goes above Fib 0.382
Long
by Skyrexio
BTCUSDOn the 1 day timeframe chart we can see that BTC is in a critical stage. The price touched Fib 1 support level and bounced back, now it is above the trend line again. MACD and RSI both indicate further growth, nevertheless indicator analysis never predicted BTC price movement. Whales understand that if the price goes below the trend line it will break support level and will go much lower. It is not in their interests so they should help it to consolidate and to go to the previous levels. Two possible scenarios are drawn on the chart. Which scenario is more likely to happen we will see in the end of this day. If trades close higher that it opened today then the optimistic scenario should take place otherwise we will see a greater correction wave.
by Skyrexio
PDCBTC Elliott WaveThe triangle was broken down with the last Elliott Correction wave and now it is below Ichi cloud. We expect a significant rebound from the 1.618 Fib support level which will start a new growth wave. In case of further BTC dump the price of PDC will continue to decrease along with total market capitalization. The stop loss is presented on the chart. If it triggers then reentry point is above 1.618 Fib when volume sufficiently consolidates. Although fundamentals for this coin are great and it is still has potential to recover and growth more.
P
by Skyrexio