Elliottwaveanalyis
#USDCAD-63% Top Prob. #Wave C(Flatt Pattern) The Forecast published on August 16th (labeled as possible Double Zigzag) failed. Now the Alt Count suggests #63% Short Top Probability at 1.29487, as possible trigger of #wave C (Flatt Pattern)of or , targeting #1.24062 Bottom Zone.
Let´s see what happens.
The scam of the year (BTC SETUP) 🚨🚨🚨So many people are about to get caught in this double zig-zag, thinking that it is a reversal to new highs. I'm here to warn you that we will not be making new highs on this aggressive move to the upside (to 39k) in the coming days, but rather it will be the final phase of distribution before MM dump the last of their bags on everyone. Don't get caught in this trap, as it is going to happen Very quickly. Scalp it, sell on the way up, set your take profits, move your stops up as we go - do whatever you can to protect your capital. You aren't going to want to be a part of what is to come after this big move.
My down side target sits at 23k to complete this Wave (4) correction, but I would not be surprised to see a liquidation wick bypass that 19k range to liquidate as many longs as possible before the real move up to 80~125k.
You have been warned, trade safe.
#BTCUSD 78% Short Top Probability #Ending Expanding DiagonalCompleting the forecast made on June 9th, updated on July 1st, my #algorithm still shows a way down to the #Target Shell of 26,800.00.After has finished #WaveC #Zigzag #Ending Expanding Diagonal. The current recovering zone of 32,000 has a #78 % Top Probability Box (strong), Targeting at first the zone of 27,789/27,111.00
Let´s see what happens.
#ETHUSD 65% Short Top Probability Possible #WaveA Completing the forecast made on June 9th, my #algorithm keeps showing me a way down to the #Target Shell of 1,436.00/1,336.00
The current High zone of 2,368.00(may be a wave X), has a #65 % Top Probability Box(medium strength), that could be the beginning of a new #wave A (5 legs-zigzag) .
Let´s see what happens.
DOGEUSD 2021.05.10 Chart Analysis (Bullish)Many were shocked at the movement of DOGE last night during his appearance on SNL. However the markets hold true to a measure of human psychology.
The SNL appearance of Elon Musk proved to be a catalyst for the market to rebalance below 0.47. Between May 5th and May 8th price for 4 days was completing a corrective Elliott Wave:c after having already pierced above the 0.67 to 0.73 Fibonacci 161.8 alternate price projection and 127.2 external retracement confluence, collecting liquidity to move lower towards 0.47 to rebalance in the area of an Elliott Wave:d. Should we see a bounce off of this area between 0.38 to 0.44 by the close of day, it is anticipated that price will continue to the upside to complete a full wave cycle at the 1.01 to 1.08 Fibonacci 261.8 and 2.0 Fibonacci zone Elliott Wave:e.
***Please do you own research as this is not trade advice.
Possible leg up in Elliott Wave count for BTCI just analyzed the run up from bitcoin in Elliott Wave theory and it was quite difficult to define the last correction, as it is somewhat vertical. But continuing the Elliott cycle, there is theoretically, also due to the subdivisions seen in lower capitals, only 2 types of correction possible: ABCDE or a complex WXYXZ. If we would stay in the 'not so nice' but validated symmetrical triangle, we would have a ABCDE with shortened D and E correctional wave. If not, we could have a longer horizontal continuation which would get out of the ascending parallel. In case we are clearly going down the large ascending parallel, my Elliott count is wrong, and the ratio in divisions and subdivisions isn't correct. Though the abc subdivisions of the last larger correctional wave is in my opinion a higher probability, they are just shortened in to time and thus hanging on a horizontal level, which indicates again the symmetrical triangle.
Also we still have the larger inverted H&S preceding, with an outplay to 68 or 70K.. In white and visible wave, the first possible uptrend in a subdivision 12345 Elliott wave impulse.
Elliott Wave Analysis by Wave FX USDCAD Target 1.2900Hi Traders, here is my analysis on GbpJpy.
My method is based purely on Elliot Wave Principles and Price Action.
I’ve added a Key to help you understand my POV on the current price action.
Confirm Buy: (Once price breaks above, I will be looking for the bulls to control the market.)
Confirm Sell: (Once price breaks below, I will be looking for the bears to control the market.)
INVALIDATION (This means my analysis is incorrect and I need to revisit the drawing board)
Setup Invalid (market still developing or correcting)
12345 ( Elliott 5 wave impulse cycle
ABC (simple market corrections)
WXY (Complex correction, 2 basic correction)
WXYXZ (Complex correction; 2 or more simple or basic correction)
Types of Correctional wave and their internal structure count:
a-b-c
Flat Correction (3-3-5)
Irregular correction (3-3-5)
ZigZag correction (5-3-5)
a-b-c-d-e
Triangles (3-3-3-3-3)
I hope you find my analysis helpful. Please make sure that you are following your own strategy when placing trades.
Your comment and feedback are appreciated.