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Extended5th

Axie Infinity: Play The Game! 2nd Round⚠️ It's always very tricky to enter under an ATH resistance, but all indicators look bullish and I know some of you like this #AXS GAME. 😎 Be careful and place your S/L wisely, otherwise wait for the ATH breakout with the rebound on the old ATH for a more secure entry. 👉 Since my last signal shared on 24/09/21, #AXS Market Cap rose from $4 to $8.6 billion, and Fully Diluted MC from $18 to $38 billion, raising its CMC ranking from #40 to #23. 👉 #AXSUSD Indicators: ▫️ Bollinger Bands Squeeze (volatility contraction) ▫️ EMA20-50 below the daily candle (support) ▫️ SRSI <10 (strongly oversold) ▫️ Possible Extented-3rd-Impulsive-Wave (strongly bullish) ▫️ Price under ATH (see my important note above) Learn TA, Earn Money, Have a Nice Weekend, and as usual Stay Safe everyone.
BINANCE:AXSUSDLong
by alainbkk
XRPUSD - On to $0,27 Hello again, I am considering a very interesting scenario on XRPUSD for the foreseeable future. Earlier today I wrote a post that explained that I believe we are now a triangle that acts as the fourth wave of an impulse wave up (you can find the link to that in Related Ideas). In the chart, you can see that we started the A-wave of this zig-zag at $0,11. From there, we went up in a leading diagonal which ended at $0,205 on the 6th of April. Thus endeth wave A. From there, a double zig-zag formed, retracing back to $0,174, which was the end of the B-wave. Not an amazingly strong retracement, but a valid one nonetheless at a little over 30% of wave A. Then, we start an impulse wave. Now, if this was a third wave, I would be surprised; it has been a very modest impulse wave so far, and volume has not increased much at all as we would expect in third wave. Nor are we seeing the power and thrust we associate with third waves. This would suggest that this is not, in fact, a third wave, but the C-wave of a zig-zag; the leading diagonal and the present impulse wave are of an equal level to each other, and not in relation of 1st and 3rd wave. After some consideration, I have come to the conclusion that we appear to be forming a large zig-zag upwards; a corrective move. Now, there are a few reasons I think $0,27 to be a valid target. Allow me to explain and illustrate: Neither of the 1st and 3rd wave of this particular impulse are extended. If they were, they would show a much clearer wave in either of them. The EW guidelines tell us that in that case, we can expect an extended 5th wave. In the case of an extended 5th wave, there is often a relationship between the length of that wave and the distance travelled in waves 1 and 3. If we extend that distance from the expected end of the 4th wave, we get the following image: As you can see, a 100% extension of that same distance travelled by waves 1 and 3 would put us at $0,267. In the case of a zig-zag, the A and C waves are often equal in length. Considering again our leading diagonal as the A-wave, and extending that from the end of the B-wave at $0,174, we get the following: As you can see, such a measured move would end at the level of $0,268. The level of $0,27 would fall nicely in the range of a 61,8% - 76,8% retracement of the previous wave down; not an uncommon area for a zig-zag: The target of a C-wave is often on a line from the end of point A drawn parallel to a line starting from the start of wave A to the end of wave B. Though this one didn't show up immediately on a semilog scale, it lines up nicely on a regular scale: So, the above arguments are why I think $0,27 to be a reasonable minimal target for the upcoming fifth wave. For the reason why I believe we are due a fifth wave, please refer to the Related Idea for a close-up of the triangle we are in right now (I think). :-) There is another possibility emerging from this scenario, and that is that we might be seeing a very strong wave downwards after the $0,27 price level, which would very likely take out the low we had at $0,11. The present global situation and economic developments considering, it is not impossible that we are in a reprieve; a moment where we believe things will be alright before more bad news follows. As I do not take fundamentals into consideration when trading, this is more of an afterthought; make of it what you will. I hope my analysis makes some sense and that the charts are clear enough to illustrate my points. This is, of course, not trading advice in any form, and you should always make up your own mind. Happy trading!
BITFINEX:XRPUSDLong
by Pvgeldrop
TRICK OR TREAT. RAVENCOIN BRING ME SOMETHING GOOD TO....TRADEYEAH. TOOK A WHILE TO MAKE THIS. ~ITS A FRACTAL CHART ANALYSIS OF MY OWN DOING. ~FIBONACCI IN PLAY, EXTENDED 3RD WAVE IN PLAY, AND ELLIOT WAVE COUNTS. www.elliottwave.net // FRACTALS SHOW AND IMPULSE SEQUENCE, FOLLOWED BY A VERY PARTICULAR ELONGATED DOWNWARD POINTING SYMMETRICAL TRIANGLE. --OF COURSE THEY VERY SLIGHTLY FROM WAVE 1 --> WAVE 2 // VS WAVE 3 --> 4 HOWEVER SIMILARITY IS UNCANNY // IF YOU GOT BALLS. YOU'LL BUY IN NOW, AND RIDE THIS TRAIN UP TO 1000 satoshi. trick or f*ckin treat. ****HOPING FOR A TREAT :) ****
Long
by astoinis
BTC Done corrections? I think so.Bitcoin has been on a massive downtrend, and it feels like it never ends. However, there are some good signs that the bottom could be near. First, the RSI is sooooo oversold. Usually, when the price reaches this level, it just snaps right back. The RSI is also at a key support area that held multiple times in the past. Looking at the MACD, we see bullish divergence (aka convergence). The lows get lower, but the MACD fails to get lower. That means that the bears are actually losing momentum. The volume is also picking up, which means a lot of people (and money) are showing interest. In addition, the ABC corrections seem to be complete. I count five waves (blue) in wave C and even five subwaves (light blue; see chart below) in the fifth subwave (black) of the extended fifth wave (blue). The fifth subwave (black) is almost exactly a 1 to 1 Extension of subwave 1 (black). That is very common fifth wave ratio and could signal the end. If I break it down even further, we see five sub-sub-sub-waves! The fifth wave is an expanding ending diagonal. What rare pattern to seal the end! Sometimes we need to look at the big picture. We should not panic and look at the price every 5 mins if we're not day trading. We have not completed the fifth cycle wave, and I don't think we are even close to the very top. The question is am I right? The answer is probably not. What I'm doing here is called "catching a falling knife". No one can predict the exact bottom, and I could be far from correct. There are still bearish signs. For instance, Bitcoin just broke a key support level, which happens to be the bottom line of a falling wedge. That is an extremely bad sign. Usually, you want to buy on confirmation of a breakout. That would mean Bitcoin needs break 10k. However, for the risky and daring traders like me, this presents an interesting setup where we try to buy to bottom and make massive profits (if we're right). According to my analysis, $6230 should be around the bottom (This is just an complete guess for giggles and the memes). Aggressive Play: Entry: $5000-$6500 Target: $30,000 Stop:$4500 Time: Less than 6 months Conservative Play: Entry: Buy when Bitcoin breaks $10,000 with volume. Target: $30,000 Stop: $9000 Time: Less that 6 months.
BITFINEX:BTCUSDLong
by aoeuaoeu
1
USD/CNY - Correction from 6.9366 coming to an end?The resent strength of the Chinese Yuan has cached the headlines lately, but my Elliott wave count suggest that the correction in wave (B) could be coming to an end in the cluster-area between 6.3625 - 6.3928. As wave v of c of (B) has been the extended wave, we should expect a quick reversal once the low is in place. Short-term a break above 6.5566 will be the first good indication that wave (B) has completed and wave (C) is developing, while a break above resistance at 6.6964 will be needed to confirm the corrective low is in place and a new impulsive rally to above 6.9366 is developing for a rally towards 7.2885.
by EWS
Most Retail Traders are Positioned for a Kiwi BounceCurrent retail positioning on the NZDUSD is +3.75 as 79% of traders are currently positioned to the long side of the NZDUSD trade. This is important because if the pair continues to drop significantly, these traders will likely get stopped out, margin called or simply close their trade out of frustration in the position. This means they become a future supply of sellers. Assessing the wave count, the pair is taking on the look that blue circle wave v may become an extended wave. That places targets down near .61. Check out the Daily Chart published a couple weeks back for 2 other wave relationships that show up down near .61-.63 (Kiwi Support Shelf Break Could Be Signficant) If we are in the beginning stages of an extended 5th wave, then prices will likely hug the lower purple channel line. A significant move above the upper purple channel line hampers the extended 5th wave interpretation. Your comments are welcome as this one isn't as clear as EURUSD , EURAUD, or USDJPY. Any other interpretations are appreciated.
by JWagnerFXTrader
2