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Elliottwaveretracement

Bitcoin possibilityNot so much a reason to sell unless you have risk bought everything above 56k the size of wave B is close to 105% the size of the A wave - if we flash crash hard enough , what has been building as a wave 3 of 5, will just be 5,3,5 zig zag representing a throwover B wave. This type of ABC would be a running flat or an expanded flat if C falls further the end of A ... which would bring us to like 20k Leaving some buy orders around the golden ratio would seriously not be a bad idea as you could essentially add a 1/3rd to anything you get target is still 150K+ ... much higher if we go to the .618 FIRST
by williamdas
USDCNY Developing a 1-5 Elliott Impulse Wave PatternThe price action of the USDCNY continues to be developing a major 1-5 impulse wave pattern, as postulated by the Elliott Wave Theory. Given the declining bearish momentum in the short term, as underpinned by the MACD indicator, a pullback to the 61.8 per cent Fibonacci retracement level at 6.4156 is likely to ensue next. This would serve as the second retracement leg (3-4) of the Elliott pattern. A potential reversal there would then underpin the likely beginning of the third impulse leg (4-5). Bears can look for an opportunity to sell there on the expectations for a subsequent dropdown to the previous swing low at 6.3570.
Short
by Trendsharks
Everyone NEEDS to see this fib comparison for BITCOINI'm sure most of you know that we are definitely going up for the near term. If you are unaware of how somewhat Elliott wave alternation with Fibonacci, its basically alternating measurements to form full 1:1 balances in forces when added together. (Example being if #3 wave within a wave 1 impulse is extended and measures to .618 of the full structure, then the next impulse wave 3 will more than likely also be extended to express the original strength of wave 1.) You can also use it to measure lengths from one another and visualize the possibilities of price action. This right here or at the end of the blue zone, is where you should take some profit if you planned to! If you look at my previous posts, you'll see how the range with 2.618 right under OLD ATH can be reached. BUT as you can see, if you take the size of the size of the first red C and place it at the end of the blue 1.618 where my proposed C would finish in the very top post^ before trend reversal , the 1:1 ratio will place it not a single dollar below the old 2017 all time high
Short
by williamdas