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Elliottwaveprojection

DELTA | Wave Analysis | Target Projection - Take Profit ZonePrice action and chart pattern trading setup - take profit position > A descending triangle major wave 2 - ABCDE pattern with 3-3-3-3-3 complex structure > Target: a possible scenario of making D-wave with an upcoming ending diagonal at the upper resistance of the triangle 0.786-1.0 retracement +15-20% upside > Stoploss: at the previous high position a-wave - 8% downside > Risk reward ratio: 2:1 approx. > After completing the D-wave could possibly retrace downward trend 0.382 - 0.786 for the final E-wave which is the most difficult wave to predict. Always trade with affordable risk and respect your stoploss Good luck
SET:DELTALong
by dukeposh
1
BTC 4H Wyckoff Accumulation updateGood morning Traders, Following my previous analysis, I have updated my chart to show my thoughts on what's happening. Following the "sign of strength (SOS)" stage, we have seen a re-test of the "last position of support (LPS) stage and have now seen the typical continuation pattern / shape you would expect following the "SOS", where the price is converging before breaking out. I believe the "Phase E" of the wyckoff was delayed by the re-test of the "LPS", but we are now starting to break out of the top of the range and I would expect volumes to increase and price to increase, probably tomorrow when the market re-opens to the large institutional traders. We have also seen some of the minor downward trendlines break out upwards. Full view of chart in comments. All I keep seeing on other posts is that this is a "BEAR FLAG" or "RISING WEDGE" and price is going to fall to 10-13k, but to draw the flag / wedge trendlines, the line cuts through the price action / candlesticks. In my opinion if you have to do this to "make it fit", this is not a correct trendline and people pass it off with "false breakout" all the time, but a trend / pattern is not a trend / pattern if it is consistently having false break outs! As always this is not trade advice and is just my own view, so trade at your own risk. Like, comment and share! Have a great week and good trading! GDuB
BITSTAMP:BTCUSDLong
by GDuBFX
1
USDJPY LONG - Long - termThe USD/JPY is currently at levels last seen in 1988, the second correction in the upcoming bull run is complete, and more dollar strength may be ahead. Although this is a strong resistance level, I think price may break through to levels around 157.78 as a first target. This would represent an equivalent length of the first impulsive wave that started in January 2012 and ended in May 2015. There is also a very good chance that the current wave could last twice as long as one, or at least 1.618 times as long. Disclaimer: The information provided here is only for educational purposes and should NOT be taken as investment advice.
Long
by Timgucci
2
Elliott Wave Theory & BTC Decline/Bottom...??Haven't published in a while, and hardley ever use Elliott Wave as a trading hedge, but after some research , AND I SHOULD HAVE FINISHED THIS LAST NIGHT BEFORE TODAY'S DROP! I have found several ways to measure the BTC Bottom. 80%-85% drawdown from ATH on every bear market = $13175 Re-test last Bull Run highest Monthly close = $14000 Then there is the Elliott Wave Theory... 5 waves, with 3 larger down and 2 up like in the chart. Text Book Wave Theory states 1 and 5 are same percentage drawdown. This chart is -50%.... and 2 and 4 should be same percent bounce up. We have that confirmed at +43% & +45% Wave 3 down should be the biggest percent down...confirmed at -60% Zoom out to the 2Wk or the Monthly chart and you can easily see the wave counts and the similarities in the waves. Also play with the Chart Above to read stats Another way to estimate Elliot wave #5 down is to use a Fib Retracement from the previous low of #3 to the High of #4 extensions should be downward. The traditional wave #5 falls to the range between the 1.272 and the 1.414 ...Highlighted in the chart Now combine all the stats abd the 5 Day BBWP turning up and Stochastic turning down ...BTC should go lower Wave #5 should also have 3 inner waves, down first...Today's draw, possibly a bit more, then a bonce up and then further down to the area... where ALL HIGHLIGHTS CROSS ON CHART between $14600 & $15600 also be prepared for the 1.618 to be a wick at the 85% in the 13K bracket where the monthly closing high of the 2018 bull run hit Look at world markets and the DIXY too and OIL costs, the FED all that BullShit...they want all markets lower and more people unemployed and spending less money(ramble) We'll see how this pans out and revisit in a few weeks
BITSTAMP:BTCUSDShort
by Chefrusty
CBG | Wave Analysis | Leading Diagonal 2-Wave Price action and chart pattern trading setup > A possible 2-wave leading diagonal pattern ending at 0.786 retracement zone > Entry @ downtrend breakout with reversal pattern - watch for double bottom / inverse head & shoulders / triangle wave candlestick consolidation > Target @ 0.786-1.0 retracement to previous 1-wave + 10 - 12% > Stoploss @ the lowest position -4-5% > Risk reward ratio: 2.5:1 Always trade with affordable risk and respect your stoploss
SET:CBGLong
by dukeposh
AVAXUSDT | Wave Projection | Bullish Wedge Ending DiagonalPrice action and chart pattern trading setup > Elliott Wave analysis possible 2-wave ending diagonal pattern with bullish momentum - a potential falling wedge breakout scenario > Entry @ 2-wave bullish wedge breakout and EMA10 TF24H > Target @ upper downtrend line resistance 0.618 - 0.786 retracement of 1-wave zone + 30- 40% > Stop @ the lowest 2-wave position -10% > Risk reward ratio: 2:1 / 3:1 Indicator: >RSI bullish momentum about to cross MA line >MACD bullish momentum just below signal line Always trade with affordable risk and respect your stop
Long
by dukeposh
BTC 20,550/20,850 then 18,950BTC has many fibs lining up in the same place - at 20,850. That is the 1.414 of AC, the 1.272 of OC, the Elliot Wave impulse of 2.14, and also this same level 20,850 is the 0.236 fib from 25,188 to current support (19.5k). It would be a good idea to short this level if it hits. I expect a bounce (or drop) from 20,550 which is the 1.618 impulse from the bottom. The target of the Short to then flip LONG is 18,950. Then we can continue to trade the channel.
by reiiss7
4
ETH Cup & Handle must hold wma200@1260 or 880/600 is comingIn this weekly chart,ETh must hold the green support zone near wma200 @1260 for the cup & handle pattern tp play out. BULLISH SCENARIO: ABC has ended with wave C bottomed at 883 & a new EW cycle begins with a cup & handle holding the1260 green zone & a BO of wma20 is coming. BEARISH CASE: A wave 5 of C is still in the making which may make a double bottom near 883 or even a lower low near 600. We will anticipate but not speculate. BE REACTIVE & NOT PREDICTIVE! Not trading advice
BINANCE:ETHUSD
by xtremerider8
3