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Tddwave

$BTC D-Wave 4h chart$BTC 4h chart has locked in the 5 wave pattern at the making of the C wave lower than A wave. The current C wave close being $44671.58 as in Coinbase data. The C wave down have also made the target (1.618 times the 5A move). I am expecting a new 1-5 wave up pattern from here. That expectation would be crushed if we retrace pass the low of wave 4 at $37300.00. A reasonable retrace target (if we do retrace more) would be the 200 period average on the 4 hour. This recent move down is partly due to $ARK reducing exposure to crypto related stock. I am still bullish $BTC from a perspective of swing trading. The analysis is based on TD D-Wave theory by Mr. Tom Demark.
COINBASE:BTCUSDLong
by kidze
$SPY and $QQQ inverse H&S cancelled. Expecting more bloodThe inverse head and shoulders formation on the 1hour are dismissed. I am expecting $SPY and $QQQ to reach wave 3 target (around $383 and $304 respectively). Yes we are in a bull market but I don't mind a correction since we have had the most insane run from last March already. And because I believe this is a correction in a bull market, I am only anticipating a sequential or combo 13 on the 1hour time frame. I hesitate to say we can see a 9 count on the daily but let's see how the market react to the 1 hour Demark signals first.
NASDAQ:QQQShort
by kidze
can start dollar cost average buy BTCthe last low was on the 200 week average, a very powerful support traditionally. I am not making a bold call that the ultra bottom is in. However looking at the TD D-wave 5 wave structure, we can speculate that price is finishing 2nd wave correction in a 5 wave up move. This setup will be invalidated if BTC breaks below 3100. But if we can form a higher low here and break above 4200, that may confirm a wave 3 up. Should you buy here? I would say, traditionally, we should only start buying when price action breaks the high of wave 1, which is 4200. However, it is not a bad idea to start buying little by little from here, because even if we break below and form new low, that bottom would not be far away, at most 1500. Therefore dollar cost averaging BTC is still something to consider. Just me speculating. You can make a trade if you want, but I highly recommend putting a stop loss just below 3000 in case the up wave is invalidated. Stay safe, traders!
BITSTAMP:BTCUSDLong
by kidze
I am bullish on EEMEEM just broke 50 day for the first time after quite a while. I think the downside wave is finished, as wave 5 reached the 1.618 extension of wave 3 perfectly. If price in the next few days breaks above upside wave 1 I think it is a great time to go long, because wave 3 is usually the strongest and most impulsive wave. The downside wave 5 also hit and bounced at the 200 weak moving average and the yearly pivot points S1. Targets for this long trade is drawn on the chart. Invalidation of this trade is the break down of previous low ~37 Stay safe traders!
AMEX:EEMLong
by kidze
1
I am bearish BACThe market is dropping. All my previous ideas (SPY, IWM, DIA, .....) have been featuring this drop. However, BAC has a quite different chart compared to those so I guess I will post this one for reference, since we are having a big j confirmation red candle today. I think we are on wave 5 down. the target is the red box. I will look for a finished setup 9 and then a complete sequential 13 to call the bottom for this drop. Stop loss at yesterday's high. Stay safe, traders!
NYSE:BACShort
by kidze
Using TD-D-Wave To extrapolate future Bitcoin prices TD-D-Wave(by Tom Demark) is similar to Elliot-Wave Theory but lessens the subjective "calls"/"changes" to wave counts done by most Elliot-Wave practicioners by implementing minimum requirements as far as candle counts (much like baseTD Indicator). Won't go too far into the rules in this series of posts but encourage people to poke holes in this analysis where valid and for Elliot-Wave traders to share their current "counts". TD-D-Wave can be used with Open, High, or Close. I used close for these charts and it's recommended in most material I've read. This post will be the bullish hopium on Weekly Timeframe and I will either make more posts going into the bearish scenarios or just update underneath this one. This chart shows that we topped in Dec. 2017 on a completed Wave 3 and ARE STILL working our way through a corrective Wave 4. I have Wave-1 Qualification @ 211.85$ occuring early November 2015. Wave-1 closing @ 310.55$ in July 2015. Wave -2 closing @ 228.89$ in August 2015. Wave-3 closing @ 18,953.00 in December 2017. Yeah, absurdly long-time for a Wave-3 BUT WE NEVER completed a valid Wave-4 and WE NEVER re-traced under Wave-2 low close. Until we re-trace on a closing weekly basis under the marked Neon lines on chart ($228ish), I think this entire Wave Sequence is still valid. Since we have a completed Wave-3, we don't have to use the Wave-1 rules for projecting potential Wave-5 Targets. using Wave-3 conservatively...Wave-5 should target $30,524.43 in next BITSTAMP:BTCUSD bull run. (we've also gone well past conservative re-trace targets for Wave-4 already). Next posts will paint the bleak short/medium term bearish cycles we currently find ourselves in (all inside this OVER ARCHING wave 4 macro correction).
BITSTAMP:BTCUSDLong
by Duffy08
My outlook on XLFFor some reason today I took out the chart on XLF and saw my wave projection which I outlined after the materialization of wave 3 and was very surprised. We have a very nice red 9 setup to lock in wave 4. Price is now heading to finish wave 5 at around $24. I was about to re adjust the wave 4 to fit in the realistic price action but somehow felt that it is better to leave the wave projection as is. I look forward to seeing wave 5 being achieved. The trade idea is invalidated when price breaks above wave 4. For those Elliott Wave Theory users please note that I am not utilizing the original Elliott Wave Theory rules. I follow a mechanized version of Elliott Wave created by Mr. Tom Demark which abides different ruleset. Anyways, stay safe out there and good luck trading.
AMEX:XLFShort
by kidze