Impulse
Intermediate ABC Extension in Minor 3 Complex Correction in 4Bitcoin has been in a corrective pattern from the low of 17,500 on June 18th and is beginning to exhibit signs that it could either be a reverse expanding triangle or a WXYXZ pattern.
Case for the triangle:
Each side subdivides into a zig-zag
C is 123.6 of A
A and C made higher highs while B and soon D will be making higher lows
1H
30mn
15mn
Case for WXYXZ:
X is between 61.8% and 76.4% of W
Y is less than 123.6% of W
X is on target to be around 61.8% of W
Alternate WXYXZ
Finally, as a bullish alternative this could also be a leading diagonal in a wave 1 since the rules for leading diagonals are that each wave 1-5 subdivides as a zig-zag although this feels less likely due to the way the pattern starts contracted and then expands as the correction continues.
BTC LONG BTC / USDT LONG
support and resistance area
break out
pullback
waves
running flat
impulse wave
GBP / NZD LONG Hey traders
We are monitor GBP/NZD currency pair to take buy trade the with an bullish impulse wave .
:<<<<<<<<<<<<<<<<<<<<<>>>>>>>>>>>>>>>
1-Use price Price action to confirm positions activation
2-Place a Stop Loss order at the entry point after the price moves in the expected direction
3-Don't risk too much
EUR /JPY LONG Hey traders
We are monitor EUR JPY currency pair to take buy trade the with an bullish impulse wave .
:<<<<<<<<<<<<<<<<<<<<<>>>>>>>>>>>>>>>
1-Use price Price action to confirm positions activation
2-Place a Stop Loss order at the entry point after the price moves in the expected direction
3-Don't risk too much
Gold Making A Bullish Turning Point-Elliott Wave analysisThe impulse from a new high or new low is the most important price action when it comes to change in trend. It’s a clear move with no overlaps between waves 4 and 2, which confirms that the current recovery is strong. We see this going on gold. So more upside after a pullback is expected.
Bitcoin - 15 Min Update - Analysis$BTC 👀 – 08/03/2022| Bitcoin Price Action Update 🎯 - 📸 🚨
📌 What’s good #PublicCommunity? Que es la qué hay corrillo?
📌 Recent, #priceaction has confirmed that we are definitely in the midst of #impulse #wave iii (in blue).
📌 What this means, is that in order to seek #entries, you have to scale down to the smaller #timeframes and get in on the completion of the waves 2 and 4.
📌 It also looks like wave (i) in red, of wave iii (in blue), will be an extended impulse wave, as there are multiple nested (sets of smaller 5 waves) within it. This is depicted by the waves in green, purple, and orange.
✅ If you thought this was helpful or insightful: Follow, Like, or Share ✌🏾 #PublicCommunity
📈 View My Chart:
⚠️ This is not investment or financial advice; Anytime you enter the #markets, you fully accept the #implications at your own risk❗️
#longterm #learning #makingmoneymoves #invest #strength #buildandgrow #breakingnews #crypto #cryptowinter #ElliottWave #FedReserve #investmentidea #investmentopportunity
EURJPY 2HHello Traders. The YEN pairs are looking bearish at the moment. EURJPY has reversed after a Double Top and a LTF Continuation Corrections are forming so we know that price will push lower.
Bitcoin - 15 Min Update - Analysis$BTC 👀 – 08/02/2022| Bitcoin Price Action Update 🎯 - 📸 🚨
📌 What’s good #PublicCommunity? Que es la qué hay corrillo?
📌 Today, Bitcoin finally kissed the accumulation zone between 50-61.8% #goldenzone ( #fibonnaci #retracement ).
📌 Unless, price breaks and closes below $22,646.44, I am considering wave ii (in blue) complete. Therefore, we are potentially within the midst of wave (i) in red of wave (iii) in blue.
📌 At this point, I have already taken profits from my #sells and made the remaining partials running risk-free by moving my stop loss into break-even.
✅ If you thought this was helpful or insightful: Follow, Like, or Share ✌🏾 #PublicCommunity
📈 View My Chart:
⚠️ This is not investment or financial advice; Anytime you enter the #markets, you fully accept the #implications at your own risk❗️
#longterm #learning #makingmoneymoves #invest #strength #buildandgrow #breakingnews #crypto #cryptowinter #ElliottWave #FedReserve #investmentidea #investmentopportunity
AdaCardano could rise 200%hello traders
Adacardano could rise a massive 200%. The technical picture shows there is an initial price diamond structure that created 4 waves and the last impulse wave was about a 200% rise. The same diamond price structure has been replicated at a slightly lower level. And you can see in the second structure price is completing the last impulse wave for another possible 200% rise. These are two identical pairs of fractal. Ada could rise to about $2.5
I expect price movement to find support along the last diagonal line on the second fractal. You can always come back to check weekly when price hits the diagonal support for a cheap entry.
Follow me for more well-researched technical analysis and super tight price entries on Forex pairs, Indices, Futures and Crypto in the next coming days/weeks.
Good luck!!
Adacardano could rise a massive 200%hello traders
Adacardano could rise a massive 200%. The technical picture shows there is an initial price diamond structure that created 4 waves and the last impulse wave was about a 200% rise. The same diamond price structure has been replicated at a slightly lower level. And you can see in the second structure price is completing the last impulse wave for another possible 200% rise. These are two identical pairs of fractal. Ada could rise to about $2.1.
I expect price movement to find support along the last diagonal line on the second fractal. You can always come back to check weekly when price hits the diagonal support for a cheap entry.
Follow me for more well-researched technical analysis and super tight price entries on Forex pairs, Indices, Futures and Crypto in the next coming days/weeks.
Good luck!!
BTC Peredicthere is what i think about btc in near future
it is not signal , it is just what i think
after a bearish impulse we have correction
then another impulse
like and comment below for more perdication
cadchfhi guys
i seen a good opportunity and i like to share it with u
cadchf good for sell with more than 2 risk to reward
don't forget money management
like it if u agree with me
LINKUSDT wants a new bearish impulse?The market creates a falling wedge on the daily timeframe and now the price is testing the 4h support after an attempt of breakout from 7.5$.
As you can see the price creates equal high on 7.5$, so that area is strong for the price.
How to approach it?
IF the price is going to lose the support we can look for a new short position. The price could grab new liquidity from 8$ where you can see the monthly structure in order to create a new bearish impulse.
According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
EURCHF - Catch Wave 3! 🚀EURCHF is currently in wave 2, which is an ABC wave.
Waves A and B were simple enough but wave C was a different story! A really complex flat correction. We have however come to the completion zone for the correction which is the structure level at 1.0088. We're anticipating wave 3 soon, which is often the biggest wave!
Trade Idea:
- Watch for price to come down to the structure level
- Watch for a bounce before entering
- Stops below the structure level
- Targets: 1.05 (400pips), 1.07 (615pips), 1.085 (750pips)
As always, goodluck and trade safe!
Bitcoin Elliott Wave AnalysisNotice that:
1) The timing was not considered.
2) The elliott wave analysis of the whole chart has not yet finished and it needs more consideration. Actually, it's very time-consuming.
3) There could be other scenarios; I am thinking about them as well. I might publish some of them.
4) I might change my opinion about wave C to be a WXY correction instead of a 5-wave impulse (needs more thinking and other parts of the chart to be completed).
5) Targets of wave 4 should be indicated after wave 3 ends. What I showed in the chart regarding the targets of wave 4 is just a big picture and can be changed.
6) Targets of wave 5? No Idea now; however, 15400 would be a rather good estimation.
7) I have still no idea for the microwaves of wave c of B.
8) IMPORTANT: This chart, analysis, and text are not financial advice.
GOLD No Bullish Price Action, Is It Time To Look For Sell ?
Hello traders:
Last 1-2 weeks ago my overall view on the lower time frame for GOLD was to wait for bullish price action to have a potential buy in short term.
Price however didn't form the continuation price action on the lower time frame for me to consider any entries.
Instead, structure/pattern can evolve, and in this case, instead of a bullish continuation on the lower time frame,
we are seeing the structure more as a bearish continuation instead now.
With the overall sharp reversal impulse down, form the all time highs, price has now form a possible continuation correction right outside the ascending structure.
Be on the look out for smaller continuation correction as the confirmation for more bearish impulse phase to push the price lower to the next swing lows.
Thank you
AUDJPY Can Price Action Repeat Itself ?
Hi everyone:
Here on AUDJPY, there is good potential development that can lead to another selling opportunities.
We can see from previous price action, after price has a confirmed bearish impulse down, once correction completes, lead to another bearish move.
The current price action is even better as we have now created a double tops, reversal bearish impulse move down.
Same 2 scenario to wait for,
either price will formed smaller corrections on the lower time frame and continue the drop
or
a bigger, sizable correction will form just like the past, and once completed, will have another a stronger bearish move down,
Thank you
