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BTC where we headedHello Birdies, Lets analyze BTC once again. @VincePrince just posted same flag while I was writing this :) Chart: BTC making a huge bear flag We plotted 3 resistance which is in play (which can you help scalp the BTC) 2 resistance are from ATH of May and Nov 1 is a local resistance. Trend based Fib time Analysis: Price is squeezing between bear flag bottom and local resistance We may see a bounce and if it hold support @ 41, 500 Start bull trap which will end at Nov ATH around 43 000 to 44, 000 Go short start of capitulation Expected time for all of this is plotted using Trend based Fib Time it says 11 Days.
Short
by BlackBirdTrading
1
BTC/USD - for Elliott Heads ! Hello friends, Here is an Elliott analysis in the big picture, of course we have to adjust EW again and again. Green is the bullcount, red is the bercount. But let's get started. Wave 1 began after a long sideways phase at around 3k !! I can well remember when the crypto experts called for 1k and the fear level was extreme and BOOM, Wave 1 started with a short squeeze which the bulls used as an opportunity to push BTC higher. Wave 1 ended at 13.7k ! Wave 2 started at about 4.5k thanks to Corona. A good opportunity that missed the first one! An extreme bull run began, which seemed to be stopped by nothing and nobody, for weeks over the monthly BB ended at the 5,618 Fib Extension! But what comes up must also come down again, between 0.5 and 0.618 to about 28k !! But crypto bulls wanted more and drove the price up to around 70k !! After this summary, 2 other small things I noticed. Keep it simple Looking up, all one had to do was trade the 1D MACD and BTC would have printed money like no other! To spot the tops ,,check out my older post! Easy to identify OK, let's go to the LTF, here the EW Count, looks like a bottom formation but could also stop in the 0.786 of the complete upward movement and the -0.236! Or the botom is in LONGtrade The further movements can be seen in the chart and I will always call long and short day trades and swing trades ! I want to mention that everything I post is just options and my own opinion! Always trade with SL and do not risk more than 1% of your portfolio (max. 3%) per trade. If you have any questions, please let me know, you can also copy my chart ➡️If you like my posts, press the Like button, comment or follow me Thanks for reading my ideas, Trade save !!
KRAKEN:BTCUSD
by TR7z
3
$FB - Full count from IPOHere is a count for FB starting at IPO. I've thrown in an andrews pitchfork to determine confluence as well as fib time analysis to see what shows up. Some interesting results for sure. Basically im expecting FB to climb to 350ish by EoY for the B leg of w4. It should then spend the next few months heading down to 260 for its w4 target. This level shows a lot of confluence, with the pitchfork 1 Std deviation (which has acted as support in the past during 2018 and 2020 corrections) coinciding with the 38.2% fib for W4, as well as the 13 Fib time level all meeting up to support price....and from the looks of it, 200 weekly MA should be joining them for the support party. I would want to play $300 puts at $350 and $300 calls at $265.
NASDAQ:METALong
by ir-rizzle
fib time zone prediction for btcthe fib time zones have been pretty accurate at predicting pretty substantial moves down to practically the hour. i know because ive traded the last two and it worked out very well. generally about half way through the trend reverses again, just to reverse yet again at the next fib. just a rough prediction of possible price action based on this, and incorporating my upside price targets should the wedges and triangles play out according to TA. nothing in depth at all and of course it could go the other way, i just drew this for fun assuming it would follow the same pattern it has been so far
by g0nzo
DOT fib trendsUpdated previous idea on the DOT bull run-consolidation-bull run-consolidation pattern. Adjusted the fib time series to better match earlier data series. This adjustment fits the current consolidation period much better. We are at the end of the current fib time zone which corresponds to a consolidation period. So if the pattern holds, we can expect a bull run that touches the next fib levels ($56 and $65) after the previous ATH of $42. If we stay in the parallel channel, $56 or $65 are possible within the next month.
KRAKEN:DOTUSDLong
by TJ3x3x3
Positive scenario for mid-term take 2Hi guys, I got this idea today to use retracement fibonacci but to get it's extended values, combined it with time fibs and circle fibs and see what looks more reasonable. It is just a draft, but I use to publish my drafts so I can check and see it later. I think on the positive scenario halving and usd inflation shall push things upward, not too much to say than what is avaliable on chart, targets on green flags with time and values.
BITFINEX:BTCUSDLong
by bitcoin
1
Elliott Wave Channeling and Parametric Model of an Ideal TrendChanneling is the single most important technique that you must know in trading. Channeling: - can be used 100% of the time in all market conditions for both impulses and corrections. Price always travels in a channel until it breaks - there's never a single channel - there are always multiple nested channels and by breaking/bouncing off of their boundaries price travels between channels - the game is always to short/long main channel boundaries in a range or play breakouts - lets you know where exactly where the trend breaks and new trend or correction begins regardless of wave structure - helps with identifying the optimal hierarchy of nested waves, which waves are continuation of other waves, eliminates almost all of the wave count related guesswork. - breaking of a smaller channel can signal a break of a larger one well in advance - use as confirmation On a chart there are 3 channels: blue, green, red. Using channeling with Elliott Waves: - blue (base) channel connects 012 points/wicks and tells you where wave 3 ends (blue dot intersecting the channel boundary), otherwise this is not wave 3 - green channel connects 123 points/wicks and tells you where wave 4 ends (green dot intersecting the channel boundary) - red channel connects 234 points/wicks and tells you where wave 5 ends (red dot intersecting the channel boundary) - use fib price and time wave relationships to calculate price and time based wave targets The same method can be used in general regardless of wave structure - you must always connect 3 last pivots and draw a channel (2 in one dir, 1 in the opposite dir). Continue drawing new channels with each new pivot - soon you will get an idea of how price travels and why it bounces at certain points - boundaries of prev channels. - In a bull market you wait for any 3 waves down and buy. In a bear market you wait for any 3 waves up and sell. Waves can have multiple subwaves inside - you don't need to worry about that. Keep an eye on the main channel boundaries only. 1 wave = 1 channel - makes it easy to count them. Smaller channels appear inside larger ones - these are your nested subwaves. - If the main trend direction is unknown - don't trade or trade the range inside the channel with only small positions. - you can also use Modified Schiff Pitchfork with stddev warning lines - it's basically a channel with side sub channels - the last wave of a move (wave 5, C, Y, E) can end near the channel's median line or at its boundary, overshoot or undershoot it. At some times it's best to exit, other times - to enter at this points. - when wave 4 ends inside a channel, doesn't break it - buy, don't sell. - when wave 4 is near the middle line of the channel - this is just the first leg of the correction - breaking the channel only tells you that the current wave has likely ended. It can break out, correct and reverse, get back into the channel and continue the trend - breaking the channel doesn't necessarily mean end of a particular wave, it can be the first leg of a correction that has already started inside the channel from the last pivot or even 1 pivot back - use pitchfork warning lines (stddev), breaking a series of channels (starting from smaller and cascading to larger one), breaking the last known trend pivot and high volume to confirm trend change. Also watch these videos: Must see - channeling elliott wave impulses, using price time fib relationships www.youtube.com www.youtube.com the mechanics of WXY double zigzag and combo corrections www.youtube.com triangles and exp flats www.youtube.com ______________________________________________ Parametric Model of an Ideal Trend 1) slope: wave 1 slope = 71 degrees wave 3 slope < wave 1 slope wave 5 slope < wave 1 slope 2) price: wave 2 = 50% of wave 1 wave 3 = 1.618 of wave 1 wave 4 = 38.2% of wave 3 wave 5 = 100% of wave 1 wave 4 splits waves 0-5 at 38.2% 3) time: wave 2 time = 100% of wave 1 time wave 3 time = 1.618 of wave 1 time wave 4 time = 1.618 of wave 1 time wave 5 time = 100% of wave 1 time wave 3 end time is usually 100% or 161.8% wave 1 time or 61.8%, 100, 161.8% or 261.8% of wave 1 + 2 time wave 4 end time = at least 100% of wave 2 time or 100%, 161.8% or 261.8% of wave 3 time or 61.8% or 100% of wave 1-3 time wave 3 end time is also 38.2%, 50 or 61.8% of the entire wave 0-5 impulse cycle time usually either fib price or fib time is respected in waves 1-4 - whichever comes first, you can have a series of boxes for certain price-time combinations as targets. in an extended wave 5 both price and time fib relationships are usually respected, other waves may not respect both time/price 4) volume wave 3 has the highest volume 5) divergence wave 5 has divergence on RSI, EWO 6) structure waves 1,3,5 - 5-wave impulses wave 2 = zigzag wave 4 = triangle or flat if end of wave 3 vol bar >= subwave 3 volume bar i.e. volume increases => wave 5 will be extended, otherwise wave 5 will be normal short wave, not extended either end of wave 3 bar (followed by a normal wave 5) or end of extended wave 5 bar have the biggest volume in the whole move in an extended wave 5 - wave 5 end can be 61.8, 100%, 161.8% of wave 0-3 => wave 5 end can be projected - subwave 4 divides the whole wave 0-5 move: at 38.2%,50% (61.8% only for normal wave 5) => wave 5 end can be projected in normal wave 5 - wave 5 end can be 61.8, 100% of wave 0-3 - subwave 4 divides the whole wave 0-5 move: 78.6% or 61.8% or 50% of entire wave 0-5 impulse cycle price/height (78.6 up from wave 0) P. S. This is the Way
BITMEX:BTCUSD.PEducation
by RagingRocketBull
3
BTCUSD -bear scenario (Bull scenario @ my profile)I am not inline with this. But as a reversal Elliott Wave trader I always draw scenarios because this strategy is a double edge sword. Only having 1 bias is not ideal. Basing on market psychology on my experience if we break this trend line likely it's a bull run. On descending/ascending triangles it often forms a new trend rather than fakeouts like this. Regardless of how contradicting my statement to the chart. This is still possible. Fake out because a abc 535 is needed. Or maybe it ends elsewhere.
BITFINEX:BTCUSD
by Limitless-Investor
Why and when trends failHere, using gold I demonstrated the importance of time analysis. Most of traders analyze only price action in relation to price and most of indicators can do only that. However price need to be analyzed also in relation to time, as price moves in Fibonacci sequences not only in price scale but also in time as you see. And when it hits an important Fibonacci TIME extension, a trend will change direction for hours, months or years depending on timeframe. With these tools you can analyze time action: Fibonacci time extensions Fibonacci time zones Fibonacci arcs Fibonacci circles Fibonacci fans Pitchfork fan Gann fan, Gann angles (to place Gann fan you have to LOCK scale. Then put 45 degree angles. Angle 1-1 has to run by 45 degrees). Gann boxes Cyclical oscillators, CG Oscillators (Center of Gravity as Fisher, Ehler's CG) How to draw Fibonacci Time extensions - traditonally, time cycles are measures from LOWEST LOW to LOWEST LOW. You find 2 lowest lows and drag Fibonacci time extension tool between them and then drag back the third line to the first low where you started. Then you have Fib time extensions from the second lowest low that you connected, into the future. Its important, it has to be absolute lowest low. If you do it on weekly, zoom to daily and place the end on absolute daily low. Fibonacci Time zones. You place 1 on lowest low wig, 2 has to fall on the next candle. Best to do it on daily. 1 candle -1 time zone unit.
FX_IDC:XAUUSDEducation
by ICFX
1
Gold hit 1.38 Fib time extension Gold is hitting an important Fib time level - 1.38 extension on weekly and it already hit 2.618 daily fib time extension. Both coincide as you see. Usually, there is a change of trend when price hits 38 Fibonacci time extension. On monthly price hit the support, the cloud bottom (Senkou span B). It hit lower Bollinger band (100) and 38 retracement, Gann angles on weekly and formed a sort of a morning star on daily (price might retrace into the body of morning star ). Ehler´s center of gravity oscillator points to a trend change as well and to the start of new cycle and big move (its getting squeezed) what agrees with Fib time extensions. I expect price to reach 23 Fibonacci retracement (BB band´s middle band, 200 EMA are there too), around which it gravitated as you see. Monthly Ichimoku (doubled settings) has very thick bullish future cloud.
FX_IDC:XAUUSDLong
by ICFX