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Elliottwaveretracement

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
EURCAD SELL TOWARD THE DAILY CHART 23% FIB LEVELThe EURCAD is at the end of an Elliot Wave and is in position to sell toward the 23% daily chart. Currently hovering right on the 61% level on the weekly chart it hasn't quite reach the weekly 78% level and the monthly 61% level but it is at the weekly 50% level in a consolidation structure. Simply put the Elliot Wave was employed because of the limbo between all of these different levels. The long and the short of it is a sell which will continue on to a downward trend following a consolidation. Check technicals for time aspect.
Short
by philpoitier
Why We Look At Log Scale!For waves that occur over long periods of time looking at a normal arithmetic price scale lacks the ability to normalize exponential growth. Under these circumstances, by looking at the logarithmic scale we see a different perspective on how price has been moving. This also makes it easier to plot waves. ___________________________________________________ Here's the analysis on the largest scale, it seems to me that BTC just completed wave 3, which makes sense the growth was ridiculous during this wave By that same token, our current correction seems relatively small in relation to the entire graph which still makes me believe that wave 4 is not yet completed Finally, this also means that we will be beginning wave 5 upon completing our correction and ideally we should see another hefty move up ____________________________________________________ *Warning* IF this is right then when we finish this next wave we will have completed an entire 5 wave cycle and it would be followed by a massive correction
BITFINEX:BTCUSDLong
by NotGemini
14
BITCOIN #BTCUSD - up we go? $10k in the view!The end of the C wave from Wave 2 at $ 6,500 resulted in the price above the short-term trend line and the $ 7,500 test, which was then stamped. Currently, this level is a support for the price. The rally on the increased volume ($ 1,000 an hour exchange 30k of BTC contracts) caused the price to reach the local resistance level at $ 8,265. This level is the last technical resistance against 38% Fibo at $ 8,438. Nevertheless, the more important technical resistance, the overcoming of which opens the way above the level of $ 10k, is the level of 50% Fibo to $ 9,058 and lying down the technical resistance zone at $ 9,222. Overcoming these two zones will be a good prognosis for further increases.
BITSTAMP:BTCUSDLong
by sebastian.seliga.7
6
LSK TradeWe can see pretty clearly that LSK arrived at the bottom of the first 1-5 and ABC cycle, found support at the 0.786 and managed to get to the top of the first sub-wave, found support and closed it's sub-wave 2. LSK had indecision yesterday on all candles, not very surprising with people jumping out to get on the BTC train, LSK got back pretty strong to over 0.00133! Interestingly, not many people took profit there, volume on hour-candles look very solid, not many sells were done. As you can see, from sub-wave 1 to 2 we had a bigger retracement, therefore, after we've reached Top of sub-wave 3, the retracement won't be much, maybe to 0.5 Ret maximum. The black dotted line will be important for the next moves. A strong resistance, will be hard to get through. Once we get there, we will have it as support and might be the target for sub-wave 4! LSK will have a strong bullish run, RSI looks very good, also throughout the ABC correction that we've had since December and January on many Alts. LSK had it few weeks later. MACD, Volume and support looks good, we'll get pretty nice profits with this coin! Stay calm, do not get frustrated if BTC hurts Alts again, LSK is a strong coin and our Support isn't too far. We'll break out of the triangle within the next hours or few days, I am very positive about this. Explanation We are in the middle of wave 1 if we take a look at the bigger picture. Wave 2 might go to this black dotted line, time will tell. We will see! :) I am not a professional trader, I learned a lot within the last months and try to help other people with my hard learned knowledge. Do not take this as financial advise
Long
by FloTi
2
The Correction is just getting started Starting from the last significant correction that BTC had, we moved up for over 2.5 years so my assumption is that a 4-month correction is relatively short. Instead, it wouldn't be absurd to assume that we are far from finishing this correction. With that being said in terms of Elliott waves, this correction has already retraced a significant portion of the move up making it unlikely that we are in a flat or triangle correction. The only thing left would be a zig zag correction which plays out as a (5-3-5). From what I can see we are nearing the end of wave 5 within A and B should be starting soon. In the chart, I have 2 possible end-points for wave 5 one of which is around 4500. Then by looking at the channel we have a decent idea of when this wave should finish playing out
BITMEX:BTCUSD.P
by NotGemini
HAS BTC BEEN FRIEND ZONED?I know what you are all wondering... is BTC stuck in the friend zone? Is BTC a moody female? ***friend zone*** noun informal noun: friend zone; plural noun: friend zones 1. a situation in which a friendship exists between two people, one of whom has an unreciprocated romantic or sexual interest in the other. 2. BTC - "I always wind up in the friend zone, watching the alts moon" BTC is in a wedge, ABCDE of wave 4, but is a wedge (friend zone) a healthy place to be? Can BTC reach it’s higher highs if it never manages to break the wedge? So let’s talk about Elliott.... you know him, ELLIOTT WAVE. Now Elliott wave likes to bounce around... A LOT... but right now BTC and Elliott are not feeling the love, it’s like they are stuck in an unhealthy pattern and can’t break out.... so where do we go from here.... In my opinion Elliott needs to forget the friend zone and go down on BTC.... because if this happens Elliott’s mind will blow almost to the moon when BTC is done.... BUT is BTC just teasing us or is this only going to be a Bull Trap? Safe and happy trading! REMEMBER ALWAYS USE PROTECTION (minimise your risk, use a stop loss.) ALWAYS!!!!!!!!!!!!!!!!!!! LNE. DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like.... :) <3
BITFINEX:BTCUSD
by LisaNEdwards
34
What Is Corn Up ToOn a bigger timeframe, it looks like we are forming a Contracting Triangle. These will generally have a .618 relationship with one pair of internal waves or more. Currently, we have already had the relationship occur once, meaning that it doesn't HAVE to happen again. However, assuming that it does we have a good idea of where things are headed. I Included another wave of a higher degree to give a better frame of reference as to where we are. Let me know what you guys think
BITMEX:BTCUSD.P
by NotGemini
TRON #TRXBTC - impulsive breakout higher, where is the target?After a very long waiting time to complete the correction in the B wave, the cryptocurrency TRON has finally beat the top, testing the first level of technical resistance at 700. Five growth waves are almost completed, so it's time for a downward correction in which the area between levels 400 -500 will be a good zone for entering long positions. The first goal for wave (3) is the level of technical resistance at 947 or 38% Fibo at 977. It remains to keep your fingers crossed! PS: Follow me to be sure You will not miss any update! PPS: Next analysis will be publish after this post will get min 50 likes! :)
Long
by sebastian.seliga.7
7
Lisk #LSKUSD - in interesting demand zone, will it rally?Since the misfire with the conference of cryptocurrencies LISK, where the main event was to show a new logo, the price is slowly but surely overcoming successive levels of support. The last important level was $ 12.00, which was also stamped. Currently, the price is closer to the level of $ 10.00, which falls already in the demand zone. This zone extends between levels $ 6.50 - $ 10.00 and previously behaved like market support. From the point of view of the Elliott wave theory, the current declines may be coming to an end, because the downward (W) (X) (Y) (X) (Z) folded over time and in the large wave cycle (A) may be at the end . Until the end of this cycle, the wave of a smaller cycle, ie the wave C from the wave (Z) would have been missing. Potential increases, however, do not seem to be impulsive, because the upward wave will be the wave (B) of the downward cycle. Setting the target level at $ 21.75 is quite optimistic in itself. Please note that after the end of the wave (B), unfortunately, but it will be time for more drops in the wave (C).
LLong
by sebastian.seliga.7
5
Bitcoin #BTCUSD - growth still possible, key levels aheadThere is still a chance for another upward wave as long as the level of $7,700 is not clearly violated, because the ABC zig-zag correction looks now completed. The key level for the upside is still seen at $8,271, so a bullish breakout above this level is required to confirm the bottom is in place. Breakout above this level will open the road towards the next technical resistance at the level of $9,187. On the other hand, a failure to rally here will likely lead to more decreases towards the technical support at the level of $7,230. Any breakout below this level will invalidate the impulsive scenario.
BITSTAMP:BTCUSDLong
by sebastian.seliga.7
11