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Elliottwaveretracement

BTCUSD - Elliott Correction to the MeanI know everyone's on the "BTC Moon Lambo" hype train right now, but reality shows a regression in Elliott Wave fashion. Peaking out in a $16K hockey stick today, and I've seen people draw comparison to Amazon, Netflix -0.10% , Apple 0.28% , and whatever other stocks fit their mold, but the harsh reality is that Bitcoin 13.55% is MySpace, maybe even Friendster. They've kicked in the door in and sprinted into the room - but, first man in the room gets shot. Long term, this isn't going to last. RSI is maxed out. Squeeze is peaked. Everything is primed for a rough crash. BTC 13.55% to drop down to the $11K range due to initial panic, a Bull Trap at $14K leads to a pull down to the long term support line at $10K.
BITSTAMP:BTCUSDShort
by epaka
12
81 satoshi mark upcoming for XVGBTC pairmy analysis of XVG and where i believe it will be heading towards over the next 3-4 days. Based on previous retracements, elliot wave theory projections and the wave count we should be seeing 81 satoshi's by 1st of December . Expecting to see this "bottom out" or complete its ABC correction (@15min interval) around the 66-68 satoshi range. So at 67 satoshi we can expect an impulse UP to the ~ 71 satoshi level before it finally completes the ABC correction to a mark ~65 satoshi. Once it reaches this final destination of ~65 satoshi's, and thus completing the correction (after recent impulse up to 73 satoshi) we can expect the next wave to reach as high as 81 satoshi's. Feedback and comments are appreciated - if im wrong, please point it out so I can learn from your input. Very bullish on XVG for LONG term hold, with a new cycle in the marketplace over the next 6-8 months.
Long
by astoinis
LTCUSD - "See What I Cee"Since we have broken down to 50.23 from the bearish triangle, and a nice 5 wave impulse up to 56.4 hitting 76.4 of A, we are seeing C coming. But more importantly, we are seeing all the C's line up . IF AB=CD then we have External AB=BC at 61.8% AND.. Another larger external AB=BC at 61.8%. If we go higher than 56.4 we lose all the C's from lining up! Remember that when cycles within cycles are lining up in fib. retracement, they become more powerful predictors.
COINBASE:LTCUSDShort
by jwburnum
Retracement in BhartiAirtelIt looks that on W - the stock has performed sincerely to respect the elliot waves. However, by the end of this week and with the beginning of the next a retracement is expected to be followed where the stock would dip to level sub-500 and attain or test the new support of around 477 and probabilistic-ally would continue the upward trend. Thus, we can maintain the calm and watch the stock for a possible pull back- where the people with sell side likeness can short sell in short term and those looking for a buy can wait to enter at a discounted level.
NSE:BHARTIARTLShort
by Pivotal_Traders
Gold - Climb aboard, strap in & hold on!Gold has shown a confluence of key level, a strong Elliot cycle completing and a bullish PINbar signal at key support, which includes the 200 EMA & 61.8% retracement levels. Low risk entry at a key level, with bullish signal but counter current trend. 21st day of Daily Cycle. Likely DCL is now in place. High volume on the pinbar day, RSI oversold and reversed, TSI crossed from oversold. This is day # 21 of the daily cycle, with day 22 being a typical bottom. Targeting a new entry at 1271 with a minimum target of 1303 within 14 days. This reversal has the potential to challenge all recent highs and blow the doors off the 1360 level. Let's see where this rocket ship takes us and who has the stamina to hang on for the ride.
COMEX:GCZ2017Long
by Zaiteku7
1
USD/SGD - Bottom expected near 1.3300USD/SGD - Closing in on strong support near 1.3300 It has been a while since I last updated USD/SGD and as it's close to strong support near 1.3300 it's about time to do so. USD/SGD saw a nice five wave rally from the August 2011 low at 1.1994 to 1.4546 in January 2017. The following decline from 1.4546 is clearly in three waves and is now closing in on strong support near 1.3300, which should be able to protect the downside for at least a correction and possibly the start of the next impulsive rally to above 1.4546 in wave C. For now keep you attention towards the downside for a move closer to 1.3300, but don't fall in love with the downside as a major bottom is expected shortly. We are not quite there yet, but we are close.
by EWS
2
Correction SoonIts been a great past few weeks for LTCUSD. It's time to correct down and attract new buyers. This is a healthy market move and I'm still very much long in LTCUSD. LTCUSD still has the healthiest uptrend in the crypto market as far as I'm concerned. We may see one more bull run after this consolidating triangle, but I'm not banking on it. To be safe, I've set a stop just under triangle to sell off the peak in the event of a downward break. If it breaks up instead, I'll follow and update stop to next peak. Historically, LTCUSD has produced 5-3-5 zigzag style corrections. I see no reason why this one shouldn't be similar (in fact I just copied and pasted the last correction to project...). I plan on buying the B up wave in the correction for a sell off before wave C starts. If it maintains the uptrend, drops down to 50-55 region likely. However, this correction may be larger in magnitude as I count it as the completion of an overall cycle wave 1. I may be wrong, and please correct me if you see differently. If it breaks the uptrend support line, I expect deeper drops down into the 40s. We will have to wait and see. In any case, my long positions are very optimistic with prices breaking $100 in the next 6-9 months post correction.
COINBASE:LTCUSDShort
by AngryBoris
15
An idea for BCHI feel like BCHUSD just had a triple 3 (WXYXZ) correction for a 50.0% retrace of highest degree wave 1. If this is the case, highest degree wave 2 should be ending at around 630-640 and start start upswing back to 705 resistance. If it breaks 705, I expect highest degree wave 3 to begin. Next major resistance at 750. I calculated wave 3 possible top at 1190 using 1.618 FIB. Target set to 900-1200 region. If it doesn't break 705, I'd imagine it will retest uptrend support around 660. Feel free to criticize, I'm learning Elliott Wave Theory and welcome your knowledge.
BLong
by AngryBoris
DAX / H3 : Ending diagonal to terminate wave corrective C ?Reagarding the current counts, I think the most probable scenario would be an ending diagonal to terminate the corrective wave C. I suggested before this was too early to buy eurozone with a very bearish potential on US equities. US now tends to validate the bear scenario, and of course EU struggles to hold its supports. Plus Sinewave never showed any bull signals and on the opposite showed sell continuation cycles. All tends to confirm this bearish continuation on DAX. We need further price development to confirm the ending diagonal but that's the early scenario I'm no waiting for. Hope this idea will inspire some of you ! I'ld appreciate any like/follow if you feel like it deserve it ;) You can check my indicators via my TradingView's Profile : @PRO_Indicators
FX:GER30
by PRO_Indicators
3