Get started

Elliottwaveretracement

WTC to come down to be in a good spot for a buyReasons for WTC coming down Bearish MACD Elliot wave count Bearish RSI Current ABC pattern forming a bullish triangle I think WTC is looking good in the long run it is in a good position for a big wave up aiming for the 0.618 retracement on the fib to start stacking some buys around $0.88c Looking like it will be a breakout if it breaks the upper most trend line could be around 3 to 6 weeks rough guess This isn't advice this is me thinking out loud don't listen to it :)
WLong
by StoneyStark
Elliott Wave analysis of LTCUSD (Litecoin): 4hr tfMy previous post on Litecoin (LTCUSD) to track its progression can be found here: Litecoin (LTCUSD) in the analysis was expected to produce one more sell off before resumption in the uptrend. Instead it produced a bullish trend upwards which is been determined in this analysis as a 5 wave progression. The price of Litecoin (LTCUSD) at ~$179.89 on May 5, 2018 is believed to have terminated an impulse trend. The favored region of target for support is the 4th wave of the previous degree which is ~ $143.05. This also coincides with a support region for Litecoin (LTCUSD) as indicated by the horizontal blue lines between $143.05 and $139.16. Support 1 and Support 2 from the previous post are also outlined here which is where Litecoin (LTCUSD) would be expected to find support should a further break down in price occur below $139.16. The point of invalidation of this analysis is a price close above ~$181.00.
BITFINEX:LTCUSD
by Coin_Analyst
Elliott wave analysis: Ethereum classic (ETCUSD) 4hr tf My previous post for Ethereum Classic (ETCUSD) can be found here: It was mentioned in the post that Ethereum classic (ETCUSD) was progressing as an impulse wave from the price bottom of ~$13.16. However, based on how price action has transpired since the last post, price swing for Ethereum classic (ETCUSD) from ~ $13.16 to ~$22.24 on April 24, 2018 has been updated and identified in this analysis as a corrective move with a minor wave W terminating. The implication of the above is that a retracement of the previous upswing should occur in Ethereum classic (ETCUSD). A minute wave ((c)) of an expanded flat Elliot wave structure is identified in this analysis as the current swing in price that Ethereum classic should produce to retrace the current price move from ~ $13.16 to ~$22.24, before further bullish momentum will be sustained. 138.2% (~$17.66 )and 161.8% (~$16.77) retracements of minute wave ((a )) by minute wave ((c)) have been used as the region where Ethereum classic (ETCUSD) is expected to find support (i.e. horizontal green lines drawn on the chart). Point of invalidation (POI) for this analysis is a price close above $25 at which point Ethereum classic would have invalidated the expanded flat structure.
BITFINEX:ETCUSD
by Coin_Analyst
XRP - Bullish Pennant - 4th Impulsive Correctional WaveI expect a bit a bigger correction in order to form Pennant Formation. However, because of the extreme sell off that we saw 25th of April - it can possibly be invalid and thats why we track elliot waves in this market. In this case, Ripple found support at 0.45 level and turned sharply just like other cryptocurrencies, but beware, because Ripple can be 4th way of correction as well. Ripple’s XRP gained just 0.53% on Sunday, following Saturday’s 7.56% rally, to end the day at $0.86886, logging in a 1.25% gain for the week, Monday through Sunday. The good news for the day was breaking back into $0.90 levels for the first time since Wednesday’s $0.93193 high off the back of which Ripple’s XRP took a tumble to just hold on to $0.80 levels before a recovery through the 2nd half of the week. Sunday’s high $0.91466 saw Ripple’s XRP break through the first major resistance level of $0.9107, while falling well short of the 2nd resistance level , with a mid-morning reversal to an intraday low $0.8262 calling on support through the 23.6% FIB Retracement Level of $0.8477, buyers holding off a more material decline through to the 1st major support level of $0.8045 to bring sub-$0.70 into play. A 2nd half of the day rally, supported by improved broader market sentiment, saw Ripple’s XRP recover, while failing to move back through to the day’s high to bring $1.00 levels into play for the day. While Ripple’s XRP saw relatively lacklustre gains for the week, platform adoption across the financial sector and wider availability on exchanges in key markets will continue to be the key drivers for Ripple’s XRP. Investors will be looking out for news of exchanges announcing inclusion and an increase in trade pairings, the combination of two supporting the bullish projections for the year should things go according to plan.
BITFINEX:XRPUSDLong
by I0_USD_of_Warren_Buffett
XRP - Bullish Pennant - 4th Impulsive Correctional WaveI expect a bit a bigger correction in order to form Pennant Formation. However, because of the extreme sell off that we saw 25th of April - it can possibly be invalid and thats why we track elliot waves in this market. In this case, Ripple found support at 0.45 level and turned sharply just like other cryptocurrencies, but beware, because Ripple can be 4th way of correction as well. Ripple’s XRP gained just 0.53% on Sunday, following Saturday’s 7.56% rally, to end the day at $0.86886, logging in a 1.25% gain for the week, Monday through Sunday. The good news for the day was breaking back into $0.90 levels for the first time since Wednesday’s $0.93193 high off the back of which Ripple’s XRP took a tumble to just hold on to $0.80 levels before a recovery through the 2nd half of the week. Sunday’s high $0.91466 saw Ripple’s XRP break through the first major resistance level of $0.9107, while falling well short of the 2nd resistance level, with a mid-morning reversal to an intraday low $0.8262 calling on support through the 23.6% FIB Retracement Level of $0.8477, buyers holding off a more material decline through to the 1st major support level of $0.8045 to bring sub-$0.70 into play. A 2nd half of the day rally, supported by improved broader market sentiment, saw Ripple’s XRP recover, while failing to move back through to the day’s high to bring $1.00 levels into play for the day. While Ripple’s XRP saw relatively lacklustre gains for the week, platform adoption across the financial sector and wider availability on exchanges in key markets will continue to be the key drivers for Ripple’s XRP. Investors will be looking out for news of exchanges announcing inclusion and an increase in trade pairings, the combination of two supporting the bullish projections for the year should things go according to plan.
BITFINEX:XRPUSDLong
by I0_USD_of_Warren_Buffett
Litecoin Elliott wave analysis: 4 hr tfMy previous post for Litecoin (LTCUSD) can be found here: It was mentioned in this post that the price swing for Litecoin (LTCUSD) was either shaping up as a correction or just terminated a Minute wave ((iii)) position. After further review, 7 swings in price action from ~$113.08 on April 10, 2018 to ~$165.47 (price close) on April 24, 2018 can be identified which indicates that there is a higher chance of the move been corrective as opposed to impulsive. 7 swings in price action is corrective in nature. The labels used in the analysis have therefore been adjusted accordingly to reflect the corrective mode, with a Minor Wave W used to reflect the termination of price at the mentioned price close of ~ $165.47. The implication of the above is that the price of Litecoin (LTCUSD) should head higher once the present correction (Minor Wave X) is complete. Possible regions of termination of Minor wave X include Support 1 which lies in the region of a 61.8% (~$133.17) of the previous price swing so there is a good chance that Litecoin (LTCUSD) will target this support area. If not, a lower target (Support 2) is between ~$128.38 and $124.697.
BITFINEX:LTCUSD
by Coin_Analyst
ETHUSD (Ethereum) Heading Lower to $565-550 ChannelETHUSD Heading Lower to $565-550 MMansfield. 9:00 p.m. EST 04/30/18 Ethereum should tag the lower channel line within 48 hours or less. REASONING: We saw mostly declining volume into the retracement high that failed to make a new high (labeled Wave B). The WT Cross indicator showed divergence at the $721 high, and the MACD (3,10,9) followed with clear intra-wave divergence at the $703.99 retracement high. Lower targets are at least $565-550, channel line that is also near the Wolf Wave Wave 2 to Wave 4 trendline for added confluence of support. ETH may drop to $511 area, but if $495 is broken on the downside, then a further bull move could be in trouble! DISCLOSURE: This analysis is meant for educational purposes only. You trade at your own risk! Michael Mansfield CIO
BITTREX:ETHUSDShort
by UnknownUnicorn1613901
NEO still bullish on the 15 minute chart I shared yesterday an idea which i am still trading, updating it now with micro analysis of the elliott waves. I can see two possible retracements: Yellow and blue - flat and normal. I personally don't see the flat one as a potential one since: 1) the low is a micro crash which you can see on the 1minute chart and thus has no real value. 2) we can identify the first wave of the 3rd initial wave and the target price obtained from the fib retracement tool (1.61) almost match the target price (of the third wave) obtained from the initial waves A picture worth more than a long speech :) initial wave i ii iii iv v sub wave 1 2 3 4 5 target price of the initial wave obtained from fib tool Why am I still long? Simply because the RSI is showing some strength, this retracement is comforting me in this trade as it is a healthy 50-62% retracement. The top of the first wave also coincide almost with the 55ema on the 1H chart - bulls were not strong enough to push the price up. if it fails pushing the price up another time and reach the same price, it will most likely form a triangle pattern (depending on how long it takes to reach the top of course!). I am now adjusting my trade with the new target price being 0.0084ish range. Of course, nothing is in stone and the past two weeks showed some really good strength of cryptos, so to be honest, I will monitor this one closely and might probably ride the position until the oscillators show some weaknesses (rsi divergence and macd crossover) instead of closing it at 0.0084ish. however in the short term, there might be a move to sell at this price to play the retracement level.
by samsefc
ADABTC MOONED!!! Now Its Time to CorrectOk guys, So, with the news of of ADA being given additional of ADABNB and ADAUSDT trading pairs on Binance pairs, we pumped massive. From the bottom of Wave 3 to the top we had a 25% price gain. We hit a killer Wave 3 target at just over the 2.618 Fibonacci Extension zone of Waves 1 and 2. Now, we will be in a Wave 4 Correction. As far as I can see, we have already completed our Waves A and B, and my reasoning is that I already count a 5 Wave structure up for wave 3, so the following Wave can't be anything other than our Wave A, and then what I'm counting as Wave B did not make a higher high. We hit a bearish spinning top on the daily where I have labeled our Impulse Wave completion, and this candle signals that the bulls have run out of steam and the bears have taken control. Now, my target for the base of Wave 4 is the 0.382 Fibonacci Retracement, conservatively. There is a higher probability that we go lower, however the main range for retracement is between the 0.382 and 0.618 Retracement Zone. So we should likely correct here to atleast 2744 Satoshis. I have given a Subwave count for Wave C, however it is mostly conjecture because we have not had a Countertrend to verify that Subwave 1 has hit the bottom yet. We could already be done with Wave 1 at the posting of this, or we could possibly go deeper. I am not sure at this point. I simply drew it out as an indication of a possible scenario that could be played and to extrapolate where the bottom of the correction could finish. If you have any questions feel free to ask. I hope you enjoyed my chart and explanation. Always remember to practice proper risk management! And please don't forget to like !! Happy Trading!! Bearish Spinning Top Daily Candle:
Short
by x28Jakke
Bitcoin #BTCUSD - in correction now, rally ahead anyway!Hello guys! This is my latest update on BTCUSD. The first five waves up are now completed and the market has entered a corrective cycle in wave 2/a. It is hard to tell now whether the wave 2 has been completed now, but so far the move down is very shallow. My guess is the wave 2 will deteriorate towards the level of $7,500 before the uptrend will resume. The target for wave 3/c is seen at the level of $9,222.
BITSTAMP:BTCUSDLong
by sebastian.seliga.7
1
This Chart Gives You Super Powers _____________________________________ At the most basic level there are only 2 possibilities 1: we are correcting down 2: We are impulsively going down ____________________________________ If option #1 is correct then extpect a strong continuation downward indicated by the Blue wave count If #2 is correct expect a continued move down on fading momentum indicated by the yellow corrective count ____________________________________ either way we should keep going lower than this
BITFINEX:BTCUSD
by NotGemini
1