random stuff pt 2checking back in after last nights video. Had one winner (KEYBTC) with a nice 15% profit. MFTBTC im still looking at... probably on wave 4 still idkkk. still new to elliott waves so if you have any advice/tips.... shoot 'em!
EW
random stuffmessing around with elliot waves. just doing what ive seen ya know. monkey see monkey do. Give me some feedback if you consider yourself an elliot wave specialist. any tips/rules/axioms to follow/look for.
XRPUSD - The ride of the centuryHi guys, I follow XRP closely and I think the big move is coming soon. I do not believe that we will break below 0.24508 anymore and we will reach new ATH in short time (most likely in 2019).
This is my view for Ripple, goodluck to you guys!
You can view my only other idea about Ripple here:
YETI - THE PATH TO GAINS! WAVE 3 INCOMINGI called the top on my previous YETI post on a 2.0 extension. Currently watching this count to initiate a wave 3 down. Overlayed EW theory and lines up nice with the IPO share unlocking. Look for one more roll upwards to finish sub-wave 5 of wave 2.
Potential for 50% drop on wave 3 alone. Purchasing mid/late May puts otm sometime next week if the wave 5 of 2 plays out.
LOOK TO SHORT AT $32.50-$33.31 OR IF $30.67 IS BROKEN.
PAYPAL SHORT TERM. AT WAVE 5 OF 5 OF WAVE 3. LOAD UP ON SHORTSOPTIONS PLAY: LONG PUTS or sell calls.
Entry: $108.97-$110.00
Target: $90.
Keep an eye on the sub wave 1-2 extension at $110 at 3.0. A blow past the green zone will have to reconsider the count. Puts 2 months out, cant go tits up.
This is a close-up of the larger wave 3, see my long term chart for this.
The EW count suggests we are at the top here and about to hit the big ABC down to $90 where the 200 DMA and 618 of the fib retracement sits. Fib extensions shown to predict the end of wave 5, and has accurately predicted several of the wave counts before. All EW rules are obeyed and the standard impulse applies. The biggest question is the time factor. I imagine the B wave will be drawn out and a possible flat due to the volume profile and resistance we built on $100-$105. I will be looking to trade the $110-->~$100 swing, exiting and re-entering. for the big C. No stops identified, trade at your own risk.
PLANET SHORTS. Jk. Be patient... we may have another leg upI'm showing this chart in this fashion for a few reasons. Let's take a look at the EW count. We have just completed wave 3 of 3 of the largest count. Currently going into wave 4 of 3 and should wrap this up in the next couple days. The EW count suggesting that we still have another leg up is justified by the 4 overlaying indicators here- let's take a look.
RSI: yes we bounced off the divergence of the daily, but we have a ways to go before reaching a critical limit suggested by the supporting RSI. The EW count suggests we can continue to be extended. We took quite a hit on the RSI when we fell ~3% last week, leaving room to continue the upward price action.
MACD- tapering off but still bullish.
ADX- Green is above the red, still bullish.
ICC - falling out of the sell zone, but this chart does not have an extensive history so I wouldnt trust this indicator as much. What we can deduce from this is that we are heading toward the neutral zone. This should deter us from any impulsive selling.
Fib time zones- the next wave lines up well if you count the 1 to the 2. WE AREN'T THERE YET.
Ultimately, if you believe the EW count, and interpret that the indicators are not suggesting any impulsive selling, then you should wait to short this. Major indexes suggest a small pullback is coming. This may come right before earnings season (early this week), and allow for a setup to go long for wave 5's.
See my long term chart for what the heck is still to come. GOOD LUCK.
RAD - Not even close to being doneDoes this look like it's ready to breakout yet? 2 clean rejections, and not even near the end of the coil. Go back to 2008.
Bitcoin Weekly/daily and elliot wave countLooking @ the weekly chart of bitcoin we can see that we hit the trendline (old support) and just above there is the 50 ma. This would take a lot of power to break.
But looking @ the daily rsi which is on par with dec 2017 and the evening doji star forming on the weekly i dont see how bitcoin will brake this area now
my primairy elliot count:
Better be careull....
Lifetime of S&P 500Its just a probability i like to see in future
For the start of counting waves i chose 220 at 1987 after the deepest correction till that time(about 30%)
EW Analysis for BTCUSD - Bottom Is In - Wave iii of 1 of VThe recent low of 3122.28 was the end of our major retracement "C" wave from the ATH . We shouldn't see lows below this. If we do, then this changes the major trend for Bitcoin , turning A-B-C into I-II-III of a 5-wave sequence down.
A breakout above 5774.72 will confirm bullish strength and the current bullish trend, further validating this wave count.
ADABTC - Impulse completion + cloud breakthrough trade - LONGADABTC looks great technically. If money comes back into the market some of it will definitely go here.
Wavecount complete and clean, nice momentum divergence on the correction, cloud breakthrough and test.
Good odds trading it with ichi, one could put a stop under Senkou Span A/B, I wouldn't though.
WELL BE SEEING YA LTC - DOWN WITH CRYPTO - BEARS UNITEDumping my entire $100 leveraged portfolio on this scam. Hoping this thing falls to $0. But a realistic target is probably something like $50. But this is trading, greed is our friend. I think? So lets call this thing a scam and short it to $0. Please Arthur do not fail me.
RAD - Sharp Rejection at Trendline but Will Likely Retest AgainThe touch at $0.81 shows it is not ready for a breakout quite yet. This reaction was at the long time trendline resistance.
Short term: it did the same thing. I think it's safe to assume it will go back up to retest it again and hopefully get to the 50.
Long-term: Look for a break above $1 after we coil down a bit more.
ADA/BTC EW COUNTThis is how I see it today, I see ABC correction, where B wave is a triangle.
Please comment your ideas and observations, I'd love to hear them.
This is no advice, I am a new trader, who is still learning.
BTCUSD - EW Outlook - Perfect Fib Based Elliott WavesCurrent most plausible count.
Once you see it with elliott waves, you see it.
BTTBTC Correction Wave AnalysisBINANCE:BTTBTC
BTT is currently in a correction wave.
Price movement is tight and looks like to be forming a Elliott triangle wave. Looking for a thrust out of the triangle to the upside to finish wave B.
A shallow wave C should follow with support at the 0.00000029-0.00000028 level if we are to see any signs of strong bullish behavior before resuming the previous trend.
This will also form the cup and handle pattern.
If those levels does not hold, then we will see a deeper wave C looking for support at 0.00000025 and then 0.00000021.
EW possibility's on BTCJust messing around with EW...
(seem to mess around with chart layout/scaling, hmm..)
