ETHUSD almost done wave 3; wave 4 (correction) might soon followThe larger degree uptrend has already completed wave 1 (impulse in lime green) and wave 2 (ABC correction in red). Soon, we will have wave 3 (the current impulse) complete, which might follow up with a correction (wave 4). If ETH successfully completes wave 3 and then wave 4, we might see a final impulse (wave 5) which will face strong resistance from the downtrend line.
Impulsewave
ETH Elliott Wave Analysis | Liftoff in progress?
We have a plausible wave count that shows signs of a possible completion of the larger degree correction, and sub-waves 1 and 2 of a larger degree impulse wave. The sub-waves consist of an impulse wave and a horizontal correction (triangle pattern).
We are currently inside an impulse wave, shown in the light gray, where the wave count is not confirmed yet. There is likely to be a correction wave coming up once the impulse wave is complete, but as long as it doesn't retrace more than 100% of wave 1 (which is around 822 levels), then the wave count will remain valid as well as the uptrend. In the case that the upcoming correction does drop below this level, then a Elliott Double Combo wave (WXY) might form where ETH might retry for an impulse wave, or in the more extreme case, cause the continuation of a larger degree downtrend.
Verge trade for next impulse(300-400% profit potentiality)According to coinmarketcap data,
there are 1476 coins/tokens involve in the crypto market.
almost 90% coin/token is fake.
they don't have any value or real purpose.
only around 150-200 coin/tokens are good for investors.
But blockchain is a revolutionary technology.
So when you would like to invest money in crypto market definitely you need to do some research.
I will post my analysis on which one has value.
Verge is one of them.
I am looking now next impulsive move.
Sunny Skies Ahead? (AKA - IS the surf up?)Volume spikes on the last two candles look to me like another set of waves is incoming - only time will tell!
If BTC can close the daily in the cloud we may have sunny skies ahead.
Watch closely to see if a "1-to-5" Elliott Wave continues to unfold. Closing above the .5 Fib (~12.5k USD) and the .382 (~$14k USD) Fib in the coming days could see us soon testing the ATH at $20k again by end of month.
Closing below the .618 Fib (~$11k USD) could see cloudy skies ahead, with that possible support turning back to a point of resistance and a possible test of the .786 (~8.5k USD) by the end of the month.
Please remember I'm looking at the DAILY here. Great if you're wondering where we'll be end of month - a closer eye will find a HUGE band of possible highs and lows within that time.
Happy Hunting! =)
We are in the 1-2 of an Elliott Impulse Wave on ETHBTC(*EDIT* The purple band is a bit fiddly to get right. PLEASE - adjust the scale on the right-hand side until the ALL THREE of the "3-4" lines are across it. THANK YOU!**)
ETH travels a channel over time from relative weakness to strength and back again against BTC.
On a log scale you can see the market cycle beginning a third very predictable ramp right now.
My predictions for where the 3-4 points are placed is based on the purple band that goes through this resistance phase in the last two cycles.
My prediction is top of the channel by June just under .5 BTC per ETH - both the historical significance of this resistance level and the significant numerical strength of exactly 1/2 the value of BTC will likely make this the top.
Time will tell... =)
REDD Coin completed wave5 and now possible Correction?It seems REDD Coin has just it's wave5 as previously forecast, on the Minor Period. It also seems that the first 'ABC' correction has completed and we may be seeing the first of the next Impulse wave1 count, if the correction has been completed. If the correction hasn't been completed, my wave count will be invalidated and a re-count will be performed to catch the next impulse wave up. The Intermediate wave count of this coin suggests that we have also completed wave3 of the Intermediate period and once wave4 completes, we should see another huge gain for wave5 on the Intermediate period.
This coin has massive potential and I'm expecting this to make massive gains in the next couple of weeks, if not days.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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BTC corrective wave -The long-term impulse wave in BTC is now showing a corrective wave pattern.
-Following the long-term games of the Impulse wave (12345) we are now experiencing a corrective wave (123)
-Technical analysis in the crypto world is currently very tricky and speculative with the overall market reactions following the BCH Coinbase reveal.
-In the end BTC is still king and will bounce hard off the last support line ($13,500) following the 123 corrective wave theory
EURCAD bearish potentialABC with huge divergence on the daily (MACD), gives highly potential for price to decline substantially and impulsively. ABC on 1-hour gives an aggressive entry.
1) Never risk more than 2% of your account.
2) Try to be emotionless by applying your strategy to the pip.
3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work.
4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
Hodl those Litecoin's, impulse wave is forming again!Fork's here and forks there, fork those forks. Litecoin aint forking and the "Bitcoin's Silver" concept is truer than ever.
Fundamentals
With Bitcoin getting all the attention on new ATH's being hyped all over, it's easy to forget about it's little bro, Litecoin.
If you delve into the fundamentals though, there is big reason to be excited about Litecoin. In fact, Litecoin is a much smarter investment than Bitcoin at this moment.
When it comes to Bitcoin the big dilemma is scaling. We have the big blockers and we have the lightning project.
The market obviously favors the latter as BTC is valued at much greater numbers than BCH. There is other factors within that equation, but still, I see the lightning way as the winning way.
Now what does that have to do with Litecoin?
Litecoin is Bitcoin's litte bro, it's silver to gold. It has a been incredibly important to the Segwit and lightning project. And when it comes to Atomic Swaps, BTCtoLTC is the example.
The magnitude of Litecoins role in the Core saga is uncertain though, but that's a story for another time and I don't count that as important for the next 2-4 months.
What this really comes down to is that when the Bitcoin Core way of scaling is favoured by the market, it's a good fundamental for it's always helpful little bro.
Should circumstances on this change, and they could do so rapidly, it would be very bad for Bitcoin and not so bad for litecoin (perhaps it would even be a positive).
That's why I am calling Litecoin a smarter investment than Bitcoin at this moment. The reward is bigger, and the risks are less.
I do have problems with Litecoin though, to make that clear, as I am sure many others have aswell.
There is not much being done with it, no one is trying to penetrate the market with it as Dash for example. It's just there, as a test rabbit for Bitcoin.
But overall I like the fundamentals for Litecoin in the short to medium term.
ALSO! Remember that Litecoin is on Coinbase. You know, that exchange that keeps getting massive amount of new signups and a huge percentage of the new stupid money that enters the space.
Technical
About a year ago I posted a trade idea on Litecoin " Let's Segwit this Coinbase addition! ". Bought at 11.70 USD. Sold at 90 USD.
Now that's an incredible return! :)
If we go back on the chart I can see that we completed an impulse wave to get to that 95 USD top. We then had the correction wave and sideways action. Now it looks like we have started another impulse wave and is right in the middle of wave 3!
I think the third wave will be a strong one. I think the crypto market as a whole will see lots of green leading up to CME futures launch, with a big drop a couple days before.
For Litecoin that lines up perfectly with my FIB points at 128 USD. However, there is a good amount of resistance at 105 USD so the third wave might stop there and we would need to complete the fourth wave to advance.
In the event that Litecoin completes third wave at 105 USD I will hold my position until wave 5 target of 149. As fifth waves tend to be as strong or even stronger then third waves in crypto.
However, if third wave goes as strong as I hope and predict I will get out on that wave (125 USD). With that return I probably wont enter the market again for a try at the fifth wave as I don't like that risk/reward ratio.
Numbers
Buy - 86 USD
Sell - 125 USD
Stop Loss - Break of Pitchfork support.
BCHUSD - Crypto-cannibal holocaustAfter its explosive leg to $2800, BCH made an equaly explosive ABC correction to $865 (.236). From that low a new wave cycle started, which is now in Wave (iii).
This wave should complete at 2185 - 2.618 of (i), beginning (iv) with a target at 1800. (v) has a target between $3180 and $4000.
I have noticed a tendency for BCH to like 6.236 extensions, much like BTC likes 4.236. This makes 3900-4000 a likely upper ceiling as the 6.236 of (i) is in that area, as well as 2.618 of (iii).
More generally about Elliott Waves: the climb to 950 is not to be regarded as wave I, since the retrace from 2800 intruded into the range of wave I - something wave IVs do not do.
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T1: 2185
T2: 3180
T3: 3900
SL: 1500
This is a personal idea and should be taken as such, it is not trading advice. If you would like to trade BCH, please do your due dilligence as it's one of the most volatile coins out there.
Happy trading!
FTSE 100: UK100 Nice impulse wave down - great for day-tradersFTSE 100 UK100
FTSE's made fine double top spread out over 5 months, quite a big one therefore. Since then it's got itself into a well defined
impulse wave which day traders are clearly loving, sending a series of point perfect buy and sell signals all the way down,
pretty much. This index remains in the grip of the bears until it can break free of the upper parallel. They look capable of
driving it down to 7295 at least if not to 7195 again.
It's in a very weak near term technical position whilst below fixed resistance at 7383 and still trapped within the impulse wave.
Only by moving up above 7383 and then breaking free of the upper parallel will the bear-spell be broken - stops above the
parallel for shorts, looking to sell more on each test of the upper parallel until the target is achieved
GBP/AUD Impulsve Wave, Correction Now then Another Impulse WaveGBP/AUD has a completed head and shoulders pattern, the first impulse after the head and shoulders is complete. After every impulse there is a correction wave, which is what we are currently in. After the break of the wave we should be looking to see another impulse wave to the downside. Only sell if the bearish flag breaks to the downside, if not. The structure has changed and the trade will be void. If there is a break to the downside, we are looking towards another obstacle, a key trendline. If the trendline does not hold and breaks to the downside, I will be looking to ad more sell trades. Trade safe traders.
Metaverse ETP completing correction on breakout LONGMy wave count suggests that Metaverse 'ETP' coin is nearing completion of it's corrective wave and will break out of structure in Bullish trend to start Wave3 Minor Period, of Wave3 Intermediate Period. This suggests massive gains on this coin. Ketchup and Water 'EMAs' are about to cross, which will confirm the first up move as well as there being a significant support area which is a flip zone at the end of the corrective wave count. 'TDI' suggests a little more continued move downwards to complete WaveC where we will hopefully see a sharkfin on the lower bands of the 'TDI' to signal a pending upwards move. I shall purchase many of this coin on the breakout of structure (RED structure line) going LONG and will hold long-term.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP! :::::.....
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EOS completion of base curve, now ready for bullish launchIt seems EOS has completed its base curve and is now on the way up in a bullish trend, after breakout of structure.
Breakout occurred on the 26th of October and has since produced an impulse wave LONG which I believe is the start of the major upwards. This initial impulse move I see as being on the Minute period and I am forecasting this coin to continue upwards for the next wave3 Minor period where it's value should increase exponentially if my forecast is correct. TDI also confirms wave5 completion on the minute period with a sharkfin and blood in the water, ready for the corrective wave down to the closest support area. The Ketchup EMA has crossed with the Water EMA which confirms the upward move also.
I'll be purchasing this coin on the next low, going LONG and holding long term.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP! :::::.....
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