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).
ELLITOWAVEANALYSIS
SPY, headed to test 266 soon?I'm watching tomorrow for an early break below today's low of 270.19 by SPY. If so, the pattern above should be confirmed and we could see the SPY at 266 to 267 range fairly soon.
I may purchase SDS shares (2x short fund) if this happens (and we don't just open tomorrow substantially lower/near the target) and ride them till SPY hits 267 for a quick 2%+ gain.
Note: The 266-267 target is a good 1:1 extension for wave C of the ABC pattern outlined, and it is also a good 1:1.618 extension of wave 1 (of the 5th wave of corrective wave C).
Thoughts?
Bitcoin #BTCUSD - it is now or never.The price of BTCUSD has hit the projected target zone and now the scenario is really simple: either we will impulsively rally towards the new highs or we are going down to $5,920.
Litecoin #LTCUSD - last leg of correction and up we go?The price of the LTCUSD cryptocurrency pair hit the gold trend line impulsively and made a new local peak at $ 251.90. From there, the first correctional wave A was made, followed by the formation of the triangle B. Therefore, it was left to wait for the next, probably the last inheritance wave C, which should also develop in an impulsive way. The target level for the C wave is 61% Fibo at $ 160.65.
The next big wave rise wave is the C wave, for which the range is set at the level of $ 300 - $ 304. After reaching this level, a large B wave correction cycle will be terminated.
Mayday Mayday - Litecoin100 EMA held Litecoin bull flag formation
SHORT SIDE
If it breaks to the downside (closes beneath $200) this strongly supports the C wave .....my buy limits are:
€162.87
€156.34
€147.64
€131.24
(Blue Line) 61.8% retracement signaling the next uptrend
LONG SIDE
Breaks the 50% retracement (Green line) we're extremely bullish.....my profit limits are:
€203.42
€221.46
€246.07
€282.98
Keep Howling for the Bulls!!!
Looking at a 1h chart, we can see that BTC 1.55% just broke the resistance trend line ( in white ), consistently building the 5th Wave of the larger degree.
- As Elliott said simple 2nd wave leads to a more complex 4th wave ( vice versa ), which ended right in the golden pocket!
- If BTC 1.55% breaks the first resistance level ( 9583€ which is also the top of the 3rd wave ), we can forecast that the 5th Wave may end near the last resistance level ( 10697€ ). More volume would make me more confident about this idea. The golden box drown into the chart can be a good zone for profit taking because there's some confluence, mainly the first algo target (-0.23 in green ) and proximity of the heavier resistance.
- We are finding support above the EMA waves indicating a strong move.
- After ending the 5th Wave, are we going to see a simple ABC correctiong? I would expect, at least a 50% retracment of the entire move. Anyway we shall wait and see.
This is just my perspective, my view of the BTC 1.55% chart. It is NOT a recommendation to buy or sell.
I would like to ear your opinions and strategies! Correct me if I am wrong or if I'm missing something.
Howling for the Bulls!! AUUUUU!
Peace
- BadWolf
BTC day trade for a small 400$ profitentry point, 11,430$ (start of wave 3)
target point 11,830$ (end of wave 3 ends at the 1.618 fib)
stop loss at 11,330$
lets ride this small wave :)
Houston! We have ignition, but not lift-off. We lost thrusters!Today we had an ignition without much of a lift-off, and we lost those thrusters somewhere along the way. Elon is furious and sends his regards!
Currently we have found support on the bottom red channel line of the elephant in the room "the alleged wedge that's not to be spoken of" and are hanging by a thread.
1) Breaking 11190 will invalidate wave 3 in 3 in 5 (subwave (iv) goes past the end of subwave (i) => not a trend).
It could still become a rising wedge (i-ii-iii-iv-v) => (abcde) and go up a bit more just to break down in a few hours. Or it could trigger an immediate sell off/correction down to 11065.
2) Breaking 11065 will invalidate the whole wave 5 of the up trend (wave iv enters the territory of wave i => not a trend)
the whole 1-2-3-4-5 up trend since 6000 up to now => WXYXZ complex correction structure
It could still become a huge rising wedge i-ii-iii-iv-v => (abcde) and go up a bit more just to break down in a few hours.
Or it could trigger an immediate sell off which may ultimately lead to the collapse of the Bitcoin's House of Cards.
3) We could still try to climb up but we don't seem to have enough volume, have bearish RSI < 50, RSI divergence on M15, M30, and we are below EMA 50.
We have tested the upper and down channels of a huge possible wedge (red channel lines). Which is also bearish and will break down soon if confirmed.
Elon would only consider the wave 3 launch successful upon reaching the conservative target 12000.
Only a miracle can save Bitcoin. And I do believe they exist in crypto. The pump fairy will come just in the right moment. That's probably part of the plan - to shake some more bitcoins off of weak hands. The show's not over.
And what do you believe in Mulder? The Truth or what you believe in?
You should also know that "huge wedges" on large timeframes are the Yeti of crypto. They practically don't exist, only a few chosen ones have seen them.
Please, be careful and don't trade based on my analysis only. The author of these lines may or may not be a real trader, merely a Cheshire Cat that appears from nowhere with a smile.
This is not a financial advice. Do your own research. I'm not responsible for your losses. Take care.
Bitcoin #BTCUSD - two possible scenariosDue to the fact that the current downward correction on BTCUSD is quite extensive in time and in the price, I decided to present two potential wave scenarios:
Scenario 1 (main):
The growth impulse from the level of $ 5,930 ended with three waves and the current correction is a wave 4 of the entire growth impulse. The maximum range of this adjustment is 50% Fibo at $ 8,850, below this level the adjustment will be invalidated as too deep.
Wave B (pink) correction may have already ended or it will end around $ 10,953 and only then there will be a drop in the C wave (pink). Wave 5 (pink) is still expected.
Scenario 2 (alternative):
The growth impulse from the level of $ 5,930 ended completely and wave 1 of this impulse was the Leading Diagonal. The current correction is wave 2, which can reach even $ 8,158 with its range.
After the completion of the wave 2 correction, a dynamic increase in the price in wave 3 is expected, which will easily break the level of $ 12,030.
BITCOIN COMPRESSION BREAKOUT POINTS & PRICE TARGETS 01/27/18 2amBITCOIN COMPRESSION BREAKOUT POINTS & PRICE TARGETS 01/27/18 @ 2am EST.
BTCUSD is in a long & tight compression pattern with support provided by the Andrews Pitchfork S1 line, and a high to high trend line. With the past 5 bars being inside Bar , a decent breakout trade up or down can now be placed at the upper and lower breakout lines shown on the chart, beginning at the base of each blue arrow on the main chart window.
If a breakout up, initial price target is around 15300-15680 around the Andrews Median Line (mid fork). Yet, if a clean non overlapping 5 wave advance unfolds, we could be off to the races again.
Conversely, if a breakout lower occurs, the initial target is between the two lines that envelope the down arrow head, between 8600-7700.
With the StochRSI having a HIGHER SWING LOW, this is then the first time since the JAN 6th high that a lower risk buy breakout has presented itself. But, as we know from compression patterns, they can go either way. At least the stops & SAR are tight relative the upside potential.
Caution as always.
Michael Mansfield
HShareCoin #HSRBTC - another dump in view?TECHNICAL ANALYSIS:
The price of the cryptocurrency HSare Coin quoted to Bitcoin HSRBTC remains on a downward trend, despite an extensive downward adjustment of the Double Triple WXY type correction. It is possible that the market will perform another downward wave, thanks to which the WXY structure will transform into WXYXZ, making all the movement even more complex and stretched over time. Such a scenario would correspond to the next cycle in the PUMP-DUMP scheme, as the price is currently in the DUMP cycle. This is confirmed by the lower lows on the daily time frame chart.
In order for growth to take place, the market would have to first of all reach 0.0030 (first pink zone) and move upwards to 0.0050 (second pink zone). Without such developments, it is difficult to talk about downtrend reversal.
TREND AND IMPORTANT LEVELS:
The main trend: DOWN
Indirect trend: DOWN
Daily trend: DOWN (price at a key level)
Key Levels:
for further increases - level 0.0030 and later 0.0035
for the continuation of drop - the level of 0.000740 and later 0.000135
PS: Please add me to the watched ones!
PPS: The next analysis of the next cryptocurrency will be published if this post will receive min. 50 likes. :)
Dogecoin - no jokeDogecoin is rapidly moving in a wave 3.
Look to go long with this crypto.
Entry closer to mean around .0040.
Target at 2.618 fib around .011
Stop below monthly pivot of .0020.
Risk Reward is 3+ :)
IOTA - wave updateLike all the other Cryto's , IOTA has made a strong movement in price recently.
The idea is to continue to the upside from the recent consolidation.
Consider entry around the .5 fib retracement of wave 3 at the R3 monthly pivot of $ 2.93.
The target is looking ahead towards $ 8.00
The idea is invalid if price closes on a daily bar below the .786 fib.
Risk Reward is 3 :)
Litecoin Wave UpdateThis coin could be considered for purchase at a lighter price.
Entry at the confluence of the .5 fib retracement & monthly R5 pivot around $ 225.
Target is up at $ 600
Point of invalidation is if price closes on a daily bar below the R1 Pivot.
Risk Reward is 3+ :)
EUR/SEK - The Long Road Back To 10 PointsTraders, we have a set up on EUR/SEK on the 3H chart, with a cycle pattern buy. (Three drivers pattern).
When analyzing this chart, I discovered that price appears to be moving in patterns. Price has an impulse leg, and then has a corrective leg, and then has a new impulse leg that measures the same size as the previous one.
When analyzing the chart, I started by measuring the first impulse, I discovered that the price correction seemed to hit a Fibonacci retracement, there was a new impulse leg. Price has recently been impulsive and has been showing signs of more uptrend. Sure enough, when I measured the second impulse leg, it was the exact same measurement as the first impulse.
I am expecting an up move up to the Cycle #3 completion, which exactly coincides with a historical high to the EXACT pip! Coincidence?
Do remember that before price completes Cycle #3 it will likely correct, so it's important you watch this trade carefully before considering a position.
I will be posting updates on this trade below, so leave it a like & follow so that you can keep up to date with this analysis.
