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VENBTC - Elliot Wave Recount Here I just did a EW recount on VENBTC. Looks like a major drop to 30k and even as low as 27k. I have used the most probable length of W3 - 1.618xW1. The next likely is 2.618xW1 which would be a very deep drop. (If this happens, we could get to 78.6% retracement for VEN! and standard most likely retracement of 0.382 for W4 and most likely 0.618 xW13 for W5. The next likely for W5 is 0.382 of W13. However if W1 and W3 are not extended, there is a chance for W5 = W1 so that will take us to around 30k which is exactly at the edge of the Golden Pocket (0.618-0.65) Could this be the next move and the bottom for VEN? Note : We still have W3, W4 and W5 so this could extend for many days to come so the graph will not be steep as pictured and if we take the previous 5-wave down, it took 2 weeks to complete, so it make take the same time to get to 0.65 retracement level for VEN. Cheers If you like my post, a little donation would go a long way :-) BTC: 13NJ4qSARAob9bPyhEJdQnkupakah4iNHd BCH :qqvuf4testg5ymuj3kjetc0yzssrdv4zqq9yez83f5
VShort
by MarcusAtb
BULLISH FLAG FOR NANOMETRICSInitially I stumbled upon this stock by pure chance and decided to chart it for fun. And what a diamond in the rough it turned out to be. Looking at the chart on a weekly basis there is a definitive bullish flag forming currently as shown in red. Which is a good sign for NANOMETRICS, putting it's breakout flag pole dead on a 1:1 fib extension of minute wave 3 and 4 (orange) if the price moves back into the 23 - 21 USD price range. Looking at the EW count I have put in where I see minor wave 3 finding a top and where I will be taking my first profits once my lower buys fill. I have also given a rough estimation on where minor wave 5 will finish in the long term. Please don't pay attention to dates or time and focus on price targets. I am open for discussion and comments
NLong
by FrankoMadden
CRUDE OIL / Elliot WavesIm the Wizard of Farts and Charts and dropping knowledge as it seems no one can count simple EW patterns here. People are guessing their trades and not understanding wave structures. Let me show you how poop is done. I almost cry when I look at the stuff people post in here and Im sure lot of people are losing their money. This Crude Oil thing started with a so obvious H&S pattern that I almost laughed when I saw it in the making. Then we got into doing some complex correlation waves that are still in the making. THIS INFORMATION IS NOT MEANT TO BE USED AS A FINANCIAL ADVICE.
TVC:USOIL
by Chartmanderr
2
BTC/USD - Are you not entertained?!?10 reasons why you should own Bitcoin! Sell your camel now, or you will miss the moon trip! Insert no clickbait title here! Views, views, likes, likes!! Alright, back to the things that matter. Complex waves once more on Bitcoin, she is playing difficult one more time (yes its a female, its obvious). The majority of the alts have already started their first impulsive waves up and showing a potential reversal. We all know that the profits from the alts eventually move to Bitcoin, just like fuel for another run. So, what do we have this time? A nice big and boring triangle B. Low volume : Check Volume decline : Check High Volatility : Check Boring action : Check Moon potential : Check Trendline Denial : Check Use it or lose it.
BITFINEX:BTCUSDLong
by Acel
92
We are either going up or down.While comparing EW counts from a lot of people it seems that no one is on the same page. Regardless of the structure, I am confident that the first wave finished at 9185. Arguably, you can trace an ABC correction in the current structure of wave 2. We saw a good reaction on the .382 which seems to be fading out, or at least having trouble to break 8.6k. These are the two potential scenarios that i see as for now. 1. Impulse wave attempt succeeds. As I am writting these lines we are in a double resistance confluence zone which we are already having trouble to pass. If we eventually go through this cluster, there will be a triple confluence zone at 8730, which was also a heavy resistance and support in the past. I believe a major play will happen here (if we even reach it). If we go through this critical zone, I will consider it as the start of the wave 3. 2. Impulse wave attempt fails. If we fail to go through this triple confluence zone, we would go for an WXY correction pattern where we have a good probability of going back to 8k for a 0.618 retracement and a 1:1 extension from 9.2k to 8.46k
BITFINEX:BTCUSD
by Saint_Pump
Wave 3 is still alive.We all know market makers and whales are playing with us during these low volume plays. The Market Manipulation if they are planning to go bullish Purposefully ambiguous wave 1. Virtually no standard pullbacks. Make people wonder is this corrective or impulsive? -this ambiguity leads to people incorrectly thinking the fall from 11.6k to 9.3k was a wave 4 and the rise back up to the neckline being wave 5. - dump from double top creates panic. There is no subdivision leading up to the binance hack, which means all of that is 1 of 5 down. -this means that first bounce was ACTUALLY wave 4 of 5 down (corrective up) -the all out dump after the SEC/GOX/HACK news blinded everyone to the possibility to a truncated wave 5 of 5 of C. - Elliott count on larger wave 3 NOT BROKEN
BITFINEX:BTCUSDLong
by whoisthelorax
1