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Elliotwavecount

BTC road to 100k (bullish scenario)Few days earlier I posted my bearish view on BTC. But bulls still have a chance to get above 100k this year. Price is still moving inside this meme channel, and recently we got a test of the lower channel line. All these "sideways" between 30-60k could be the 4th wave. Depends on how you count it, end of wave 3 either can be in April 2021 at 65k or in November 2021 at 69k. But nevertheless this is can be the 4th corrective wave. If bulls can save BTC inside this meme channel and hold this 28-30k zone as support, we can get a big rally by August. I don't think this is very likely but I am not going to sit and wait for mega crash all the time and ignore the bullish case. Until then we stuck here in a range of summer despair. Price is out of channel and close below this zone on the weekly => this idea is canceled.
BITSTAMP:BTCUSDLong
by FallingWedge
2
$GO ~ Completing wave 5 as shown...Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company’s stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine. As of March 1, 2022, it had approximately 410 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, and New Jersey. The company was founded in 1946 and is headquartered in Emeryville, California.
NASDAQ:GO
by EndlessCode
BTC Elliott Big ABC, still going wave 4I've been asked where the correction might end, the true is that nobody knows Just Sharing I still see that we are on wave 4, some people says that wave 4 is over, I don't think so because of two things: First, internal counting, I see we just ended wave B of 4, right now is building wave C wich would have 5 internal waves to the upside. Second, Fibonacci, Wave 4 normally corrects to 38.2%... still far from there, that level is on 32800 zone. I think we would see a Squiz to the zone and then another heavy drop. (Wave 5) Ounce wave 4 is over we will be able to use fibonacci extension and that would give us an idea of where the correction might end.
by sebastacio
Gold trading in weekly time and correction my past ideaIf we look at the weekly gold chart, we see exactly the pattern of regular flat correction, where each wave is marked as a microwave. In flat correction , C wave will be in the form of a 5 wave, as we see, is doing 3 wave , and after the end of 3 wave , we will have a correction as 4 wave , and then the final 5 wave, which targets can be as same size of an A wave or slightly larger Of course, in the last box, the goals of 3 Wave are shown as Fibo OANDA:XAUUSD FOREXCOM:XAUUSD
PEPPERSTONE:XAUUSD
by mohammadjokardarzi
BTC - How to predict future price action using any 5 wave EW I would like to introduce a method I trade with. Many pieces of this have been taken from other great traders although parts are of my own discovery. After reading this post I recommend studying Elliot Wave theory and getting proficient in identifying 5 wave moves. Jim Of All Trades on Youtube is a great teacher in EW. Every chart is traded on two axis. Price and Time. Most traders don't give any attention to the time axis. Here is a BTC 12hr chart I drew a couple months ago and have been updating on TV. We are breaking up individual Elliot Waves and pulling fib circles along them. The circles act as support and resistance for waves and sub waves. If we quarter the chart like a pie, price action reacts differently to rings depending which quarter it is in. 1. Become proficient in identifying 5 wave Elliot wave moves. EW is a life long journey but if you can identify any 5 waves you can trade with this. 2. Chart any completed 5 wave move you can find. 3. Pull Fib rings from the start of the 3rd wave to the end of the 5th wave. 4. Tighten up the rings so they hug price action. The way the TV tool places them is a little wider than ideal so you are going to snug them up and shrink the rings a little bit. (You are going to have to adjust the end points of the tool, they are never exactly at highs and lows. Remember fit the rings to price action) 5. Obviously since you are pulling 5 waves this method is only helpful after the 5 waves are completed. 6. Then you layer the primary ring waves over the sub ring waves. You will get support and resistance lines that help you predict price movement. 7. This method gets really good when you start laying possible EW counts over the rings or use it to identify tops and bottoms or moves. I like to add other indicators like Order Blocks. When a 4hr OB appears and price action is on resistance/support they play out really nicely very frequently. 8. If you were starting out with this I would recommend using a low leverage and playing the longs/shorts to get used to how it works. 9. Generally the times when this does not playout is when one ring interferes with current price movement and I have not accounted for that or had the ring hidden on my chart. You can imagine it quickly becomes messy with 5 for so sets of rings interfering. I have traded these all the way down to the 1min chart but the moves are so small that you would really need trade 100x and close quickly. I prefer to trade the 15min+ TFs with 10-25x leverage but don't let my risk tolerance affect you at all.
COINBASE:BTCUSD
by Jamesofbc
NASDAQ continues its drop to its final destination. Hello traders, As you can see after a crazy meeting by our lovely FED president J. Powell, which upped the federal funds rate to 0.75 percent – 1.00 percent by.50 percent, or 50 basis points. The Federal Reserve anticipates that the federal funds rate will continue to rise. On June 1, the committee will begin to reduce its holdings of Treasury securities, agency debt, and agency mortgage-backed securities. Anyway, we are now experiencing what the Elliott Waves was showing us earlier last month, and we are about to complete the correction ABC. As you can tell I have 2 mains strong objectives: FIRST: 12250-12195 = which is the 123/127,2% of extension of the green C and the 161% of the white C of the green C SECOND: 11660 = which is the 161,8% of the extension of the green C and the 113% of the extension of the blue C I will put more screenshot bellow for you to understand.
NShort
by ModTrades