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Elliottwaveretracement

BCHUSD Bullish Scenario BCHUSD Bullish Scenario BCH Market: Bullish Max Price: ~$5000 Min Price: ~$4000 I would like to start off saying that this is my primary count for BCH, but that does not mean the only path. A good technical analyst is open to changing to alternate or new paths as more data comes into play. I would also like to say not to pay attention to the time frame. My goal is not to project a time frame but rather a potential pathway. I have chosen this as my primary pathway because BTC is currently reaching highs that it has not seen in a while. If this is to change, then my BCHUSD pathway will switch to an alternate. The slanted head and and shoulders forming is very bullish. It shows that sellers are running out of ammo, and that buyers can soon push the price up. Currently, the end of the right shoulder is in play, and forming an ascending right triangle (bullish). If the head and shoulders completes above the neckline, we can see a minimum of ~2300 before a correction. This is determined by drawing a line from the neckline to the head, then placing the line at the top of the right shoulder. Looking at our indicators we see that the MACD is forming a bull flag, and the RSI is increasing, giving a greater degree of confidence of the potential explosion upwards. The price of $4000-$5000 is projected through a Fibonacci retracement. In terms of elliot waves, we retrace the first initial wave that we believe is in. In this case, I believe our 3rd wave can be explosive upwards, towards the 3.618 level. From there I look at support levels near key retracement levels, and lay a line out and read a price. I then take the height of the first wave, and place it on top of the 3rd wave to reach a final price of ~$5000. This fits well into the possible cup handle formation that may be in play. The 4th correctional wave would help produce the end of the handle and get us to the $5000 range, forming a new all time high, which would correlate nicely if BTC forms new all time highs. It would also nicely "fill" the cup that could be playing out. A cup and handle pattern is a bullish pattern that is found commonly in cryptos. Perhaps it represents a sentiment pattern that we feel towards the cryptospace. It allows an analyst to have a greater degree of confidence when spotted, as it can be justified for a greater probability of price moving upwards. In terms of elliot waves, the 3rd wave can never be the shortest. Another possible scenario is the 3rd wave is larger then the first wave, but the 5th wave is the most extended, so it is something to think about in terms of trading frequently. If you are a HODLer of BCH, exciting times may be ahead. If BTCUSD pair forms new highs, expect to see it in BCH as well. Wishing you a kuhlateral disruption of fat profits. ~Happy Trading
COINBASE:BCHUSD
by kuhlateraldisruption
5
Ethereum #ETHUSD - still in wave B correction, patience neededThe price of ETHUSD is still trading inside of a corrective zone below the golden trend line. There is still wave B to the downside missing and wave C to the upside missing as well. The first projected target for wave B of a higher degree cycle is at the level of $1,000 - $1,100, but this wave progression might evolve into more complex and time-consuming cycle. Please notice, the overall ABC corrective cycle of the higher degree hasn't been finished yet as there is still wave C to the downside missing. The target for the wave C is still hard to project, but it should take out the low of the wave A at $564 with ease.
BITTREX:ETHUSD
by sebastian.seliga.7
5
LISK #LSKUSD - possible rally ahead?The price of LSKUSD is about to complete the three waves corrective cycle around the level of $18 and then an impulsive rebound is expected. The impulsive scenario is valid as long as the supply zone between the levels of $12-$16 is not clearly violated. The projected level for up waves are: - wave 3 - the level of $34 - wave 5 - the level of $40. Please notice, that the market is trying hard to break out below the projected Fibo cluster at the level of $18.31, but so far no avail. This is very important clue regarding the further wave progression. On the higher time frames, the uptrend prevails, but it is not developing in an impulsive fashion.
LLong
by sebastian.seliga.7
1
BTC Still correcting, short lived bull runBull flag only half complete? Moving towards point 3 of giant Wolfe wave? Also we have not retraced back yet to 50-62% for a corrective wave. I suspect a short lived bull run back towards the historic resitance trend line then back down to $8000-9000 I traded the corrective wave to have a (5-3-5) ABC (5-3-5) pattern and we seem to be in the ABC pattern now of the corrective wave / bull flag Estimates Target entry $8000-$8800 beginning of March Target profit $14500 March mid to late March First image shows in violet what i hope will be the path of a Wolfe wave leading us to a reversal into wave 2 of a larget Elliot wave Lets add a little head and shoulders maybe?
COINBASE:BTCUSDLong
by KondrackiKarl
LISK #LSKUSD after rebranding, now what?The highly anticipated LISK rebranding event has passed away and the question remains: to hodl, to sell, or do nothing? According to the Elliott Wave Principle, the current situation is still in favor of another wave higher, but first, the correction must complete. The first level for the corrective leg dow might have been reached at the level of $23,55 which is a 1:1 correction of waves (a) and (c). Nevertheless, the drop might extend towards the level of $23.03 and then $21.07. In the extreme situation, the last target projection is a zone between the levels of $18.31 - $17.08. This is where the first upwards wave might start to unfold. Please notice the corrective cycle might get more complex and time-consuming than a simple (a)(b)(c) correction.
L
by sebastian.seliga.7
1
DAMMIT ETHEREUM - On Elliot Wave-failures!Dear Friends! A lot of you people out there have requested a chart on Ethereum and Elliot Waves. And therefore you shall of course have it! But first, for those of you, who don't know about Elliot Wave Theory, I will encourage you to take a look at this chart. A quick recap of the basic rules: • Wave 2 can’t retrace more than the beginning of wave 1 • Wave 3 can not be the shortest wave of the three impulse waves, namely wave 1, 3, and 5 • Wave 4 does not overlap with the price territory of wave 1 • Wave 5 needs to end with momentum divergence Before we begin, let me start saying, that there are ton of different opinions about this theory. A lot of people find it useful, and others don't. Some follow all the rules to the letter, others choose not to. We also have some rules about Fibonacci Ratio Relationship. E.g. Wave 2 has to retrace 50 % or more. And Wave 4 are NEVER allowed to retrace more than 50 %. Again: Many people including D4 self, has chosen to accept e.g. a 38,2 % retracement on the wave 2, but then we also want more than a 50 % retracement on Wave 4, but we are still NOT allowed to go into the price territory of wave 1. This is up to interpretation, and what you find useful. Before it becomes too complex, let us start to take a look, at the 4h ETHUSD Chart. And let us start looking at the 1st Elliot Wave Cycle 1-5 and ABC(Big Yellow Circle ). As you can see, we follow all the rules. Wave 2 is NOT retracing more than Wave 1. The 3rd wave is NOT the shortest. And Wave 4 is above wave 1. There after we have the ABC-correction. Let us then take a look, at the new Elliot Wave Cycle in red. The 2nd wave has NOT retraced more than the beginning of no. 1. Good. And the 3rd wave is longer than the 1st wave, so it will not be the shortest. GOOD. But then... We have a huge wave 4 Fibonacchi Retracement on 61,8 % AND the 4th wave is now UNDER the 1st. So it does not qualify.... We have a failure! D4rkEnergY is everywhere! <3 Ps. Please give D4 a LIKE, and follow him for more exiting crypto-TA. Thanks in advance, dear friends!
BITFINEX:ETHUSD
by D4rkEnergY
15
OFFICIAL: BITCOIN is under 10,000 USD! How low can we go? Dear Friends First of all: DO NOT WORRY! This was expected. D4 predicted this many days ago. So D4rkEnergY is here with one more update on the Bitcoin-situation. Let us this time take a deeper look into, what is really happening, and how low we can go. We are looking, at the 15m BTCUSD Chart. We are at this very moment witnessing a brutal fight between the bulls and the bears. As you can see the bears managed to make a HS pattern with help from a Bear flag, which took us down to around 10,050 USD. Then another bear flag took form, and took us all the way down to 9,950 USD. The bulls is trying to take control now... This will be an exiting fight to follow...! But let us first ask us self the following question. How low can or should we go? D4 has illustrated the different zones on the chart. This is done according to Elliot Wave- and Fibonacchi Retracement-Theory. Here are the assumptions: So we only had a bit more than a 38,2 % Fibonacchi Retracement from Wave 1-2. That is not much. Theory suggest, that we then need a bigger retracement on Wave 3 to 4. Right now we are at 9,950 USD which give us about 44 % retracement, which is not enough. We usually want more than 50 % retracement, when we only had a 38,2 % on the first Impulse Wave. D4 will follow up on this later! D4rkEnergY loves you <3 Please give D4 a like and follow him, if you like his analysis! :)
BITFINEX:BTCUSD
by D4rkEnergY
21
Philakone is MAD! Know your ELLIOT WAVE-Theory now! Dear Friends! D4rkEnergy is back with an educational post about Elliot Wave-Theory. Yesterday, Philakone, a famous crypto-trader and TA-educator, was calling out one of the Top Authors in here, because he could not figure out how to draw lines. Philakone wrote the following on Twitter: "How to NOT draw Elliot Waves. it blows me away... this guy has one of the highest reputations on tradingview, and his elliot wave is shit. Ignoring the most BASIC rule of elliot wave in zig zags..." D4 is not here to create drama. D4 is not here to get enemies. D4 is only here to spread love and wisdom. He wants everyone to have success, therefore he decided to make this basic guide to Elliot Wave Theory. It is pretty complex if we go into the smallest details, but let us keep it basic for now. We are here looking at the 30 min BTCUSD Chart. ELLIOT WAVE THEORY Ralph Nelson Elliott developed the Elliott Wave Theory in the late 1920s. He believed that stock markets was traded in repetitive waves and cycles. According to Investopedia this method gained popularity in the 1970s. Traders try to identify these waves and patterns, because it can help them predict the market. - 1 Cycle contains in total of 8 waves. 5 waves (1-5), which follows the trend, and then a correction pattern A, B, C. We also call this a 5-3 pattern. - Wave 1, 3, and 5 are impulse waves up - 2 and 4 are correction waves down - A, B, C are the correction As you can see, Inside every wave we can have smaller waves, also called sub waves. Basic rules: 1. Wave 4 always have to be above wave 1. 2. Wave 3 can never be the shortest. If these rules are broken, we have what we call an Elliot Wave failure. And therefore it is not a real Elliot Wave Cycle. This was a really short introduction. D4 encourage you guys to dig deeper into this! D4 loves you <3 And as always. Please follow D4 and give a LIKE, if you liked the analysis. It is much appreciated. Thanks in advance, my friends!
COINBASE:BTCUSDEducation
by D4rkEnergY
103
Bitcoin #BTCUSD - impulsive gains towards $12k ahead?The attempt to insert an impulsive scenario ended with a hyper bullish growth count. Sequence of 1-2, (1) - (2), (i) - (ii) is a typical, impulsive, strongly upward wave progression, which assumes very rapid increases in wave 3. If this count is correct, then the price should grow very fast in the direction of $ 12,000, and even higher, without making deep corrections. On the other hand, the alternative count assumes a complex wave correction labeled as wave (B) in the form of the Triple Three WXYXXZ, the top of which should fall in the area of just $ 10,800 - $ 11,200. From there, the price should start to fall sharply, breaking levels of $ 10.297, $ 10,000 and $ 9.707, respectively.
BITSTAMP:BTCUSD
by sebastian.seliga.7
11
LTC appears to have topped, re-entry after corrective waveLTCUSD appears to have topped out. Anything is possible, but the wave count appears to be complete, RSI has diverged, RSI has started lower lows and lower highs. We still cannot rule out that this is just an X wave and that the larger scale will continue to correct. So when we look at the upcoming correction, we will be looking at how the wave corrects. Correction waves tend to be more shallow, tend to follow a channel, and tend to have overlapping waves. If the upcoming wave has the appearance of a corrective wave, it will give us more confidence in starting a long position. So for now, we are looking for a correction that is at minimum 38% but more commonly 61.8%-78% of the previous wave. An aggressive entry would ladder into a position at the 50%, then the %61.8% and at the 78% Fibonacci retracement levels and place the stop at just below the 100% retracement level. A more conservative strategy would be to wait for the correction to complete and then wait for price action to break through the top of the descending channel and close higher than the top of the 1 wave with good volume. This information is intended to be educational in nature, and help people understand how to use Elliot wave theory to benefit investment timing. We all must make our own decisions.
Long
by BRETTGUS1
BCPT continues impulsive 3rd wave BCPT -Price continues to confirm a third wave. Confirmation signs 1 break of Head and shoulders pattern. 2 Break of first wave top 3 increasing volume 4 RSI confirmation We may be at a pause in the action though. RSI is heading lower on the 1 hour chart, and the 4 hour chart RSI is oversold and probably signaling a short term correction. The Daily RSI continues to be very bullish. Target one has been hit so it is a reasonable trading strategy to pull a portion of your investment out as profit at this point. Target 2 is based onthe length of the 1 wave. Elliot wave suggests that the third wave can never be the shortest wave so a good projection is to project 100% of the 1st wave starting at the bottom of the 2nd wave. Often the third wave is the longest. We will have to see what price does. 1 hour
BLong
by BRETTGUS1
2
CND continues to correct In Elliot wave, corrections are often in a channel with multiple overlapping waves. The rule states that these waves will eventually be completely retraced and that price will eventually go above the previous impulse wave. Assuming this is a second wave correction, second waves often retrace atleast 61.8% of the previous impulse wave( wave 1). This is the case with CND right now. Price is in a channel correction. How do we trade these corrections? It has pierced the 50% retracement level so we are looking at price to at least go to the 61.8% retracement. Aggressive entry would be to ladder (buy) into a position at the 50% 61.8 and 78.6% levels. A conservative approach would be to wait for confirmation of a reversal. The first sign is a small impulse wave in the opposite direction of the correction. Another sign is a strong break of channel with good volume. Another possible sign is a head and shoulders formation. Each of these signs could be used as a reason to closely watch a pair, or could be used to enter into a trade.
C
by BRETTGUS1
3
Litecoin #LTCUSD - paradigm shift, more drops aheadThe change in the paradigm in the Litecoin cryptocurrency is dictated by the invalidation of the long-term impulsive scenario, according to which I made analysis at smaller time intervals. Due to the overlap of many fundamental factors and the breaking of rules and guidelines subject to the Elliott wave theory (only three growth waves instead of five and a long-term downward correction cycle). So what is left? Well, the best scenario currently is the ABC type meter, which indicates the end of a complex wave cycle in the wave A (from the peak at $ 421) at a level of approximately $ 34.71. The last inheritance wave-wave C was used to complete this cycle.
COINBASE:LTCUSDShort
by sebastian.seliga.7
6