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Elliotwavecount

BTC -- When will the trend break?This is pretty self explanatory. I believe the bulls should be slowly accumulating right now. I'm certain they are. I am. We are starting to see long term trends clash. There are several more windows for the current trend to hammer, before ultra long trends get tested. Will the downward pressure be able to hold long standing trends? There are items in the news which could affect BTC's price. Keep an eye on the IMF meeting in Davos Switzerland. A positive, or upbeat piece of news from the global economic conference there could send a strong positive bias in the BTC market in an instant!
COINBASE:BTCUSDLong
by blessmywork
7
Short GBPAUD, Bearish Elliot Wave 5 to start soon. The whole structure of the bearish move seems incomplete. We could be starting the last leg of a bearish impulse that will target 100% retracement. Picture speaks a thousand words. By Elliot Wave of alternation, Wave 2 - Sharp, Wave 4 - sideways corrective moves. We could be at the final stages of a push lower, with an ending diagonal appearing in Wave Y, C leg of a irregular flat pattern. Plus point is that carry is positive, so we can hold without cost. Trade idea, Short at 1.751 Stop Loss : 1.762 (Since Wave 3 of an ending diagonal cannot be the shortest wave) Target. 1.45 area. (To be updated as we count the 5 waves lower)
Short
by melvinljw
USDCAD H4 Chart Wave Count Short I have Drawn the wave structure of USDCAD as per based on my experience . On Today's NFP Data It would be upward movement to complete (e) ,,,with this the Diagonal/ Triangle will be finished and the 4th tooo. for Red extended wave count 12345 will finished at 1.21750 Now we are Left with Blue wave structure 4 up till 1.25750 and 5 down till 1.20000 USD CAD is done forever .. I will not see the Price Level in my Life Again . Bye Bye forever CAD as single Currency,,,, CAD weaker forever from this Level . Elliot Wave By mazchaudhry
Short
by Elliot_Wave_Reloaded