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XLM - I asked Madden (Madden Theory) This was mine and John Madden's conversation. Me: Hey John, what would you do in this situation.... It's 1st and 10, you have the ball on your own 40 yard line. Plenty of time on the clock. In fact, you are up by several points. What would you do? Madden: Who's my QB? Me: Aaron Rodgers. Madden: I would go shotgun formation with 5 receivers and throw a Hailmary to the top right corner of the end zone that way I can get off of the field sooner to finish eating my hot dog. Me: My man. Long XLM.
Long
by Crypto_pimp2
1
BITCOIN to fall to 8400 Support then the RALLY to 16k USD beginsHey Guys, Just an Update on big daddy BTC. We are experiencing a 5-3-5 (Zig zag) styled ABC correction at the moment. with major support at 8400 USD price. I'm expecting wave 3 to find support at 8700 with a bounce up to 8950-9000 price region. then we will make the last 5th wave down to 8400 USD. I will update this Idea later with a chart as to why 16000 USD will be our next target when BTC finishes the correction. Enjoy!
Long
by Husky2795
Elliot Wave Theory Finds Bitcoin Very BullishHey everyone, If you're looking to buy in, I believe now would be a good time to do so. Here's my analysis: 1. Wave 4 stopped just above top of wave 1 (per elliott wave theory it has to). We could technically go down a little bit farther to 8465 before wave 5 starts. 2. Impulse wave 3 - 1:1 ration of Wave 1, therefore wave 5 will most likely be longer than either of the prior impulse waves (1 &3). 3. Wave 5 looks like it will most likely be an extended wave, and hit at least the 1.618 ratio, which also happens to be major resistance at around 11,800. Consider BTC extremely bullish in general if we break 11,800. Good luck, and happy trading!
BITFINEX:BTCUSD
by Axel_black
Ethereum. P-Modeling Pt. 5: Model B & Criticality Shift with BTCThis is Part 5 of Geometric Linear Regression Modeling for Ethereum. Don't forget to come back for updates! We started at Part 1: Find Model A. Then had Part 2, which explains some of the theory behind Model A and now we are on Part 3: Statistical Outlier #1. Pt 4. We fully created Model B. Pt. 5 we focus on a criticality shift. HIt the LIKE. Each Model created in the Modeling Sequence, creates a geometricc pattern of indicators in various forms. These indicators can be read to PREDICT future trend movement many days before traditional indicators appear. The idea here is to convince you, that what i am doing is not arbitrary but unique and useful. I know the immediate inclination is to doubt what I am doing. That is expected.. and understandable.. But human nature is unpredictable. And you never know when you can learn new things and be completely shocked at someones EXTREMELY insane ideas.. I like going against the norm.. So join me please. :) If you enjoy this.. Hit that like button! Understand the application of my modeling technique is not traditional by any means. It is theoretical in nature, and 100% experimentally designed and applied by me as we continue this insane experiment day after day.. It was not built for financial analysis, at all. I have literally 0 background in trading, TA's or anything to do with accounting or the stock market. It is being applied, through intuitive and creative means for fun so I could keep up with Bitcoin and Ethereum personally, and invest for myself.. I promise I will make many mistakes making these non-traditional TA's, or even incorrectly use traditional tools and indicators. That is the fun of it, to learn from scratch and apply another idea to a realm unknown to you. This realm is an unknown to me. A knowledge acquisition process. One i am quite enjoying.. If you confused on how we got to this point.. Please re-read my old charts. You can find links below and in bio. I take you step by step. Shizz to note: Model A was a long model.. but the validity of Model A was nonetheless very accurate.. I placed a Gann Fan at the entry into Model A, this laid the trend boundaries really nicely and nicely correlated with my geometric mainframe from my indicators. As you can closely see.. The trend bounces off our designated boundaries many times and stays within the predicted modeling space throughout the sequence. Double Model Outlier. Statistical Outlier #1 is very special for Ethereum because it serves a connection to my modeling on, "Bitcoin to C" Pt. 24 with Statistical Outlier #28. Both Ethereum and Bitcoin had a Statistical Outlier that jumped to a second Model. Both coins and their statistical outliers had re-entry into another model at almost the same time as well. Yet.. They are two completely different designed Modeling Sequences, but same technique. This is a huge validity win for this modeling technique. Model B became True when: We had entry into Lower boundary which completed the double model statistical outlier #1. We had a mainframe intersect or connect between Model A and the new Model B. (we had a connect). We are staying within the designated vector of the model for at least half of the model rendered. We achieved all of these with Model B. Model B has multiple FOMO outbreak attempts but re-enters Model B, so it is counted as an Statistical Outlier. This should be common as we go continue an upward trend with different models. Model B was extended to fit the geometry according to what I see in pt 4. All rules are being adhered to. Model C: Model C will be rendered when we get enough data points to continue. We are currently experience a criticality shift in Bitcoin (see newest idea Pt 27) and this mean Eth will definitely follow close behind. I have a target of almost 800 right now. Big moves are coming soon.. I think.. :) but do not put too much trust into me yet.. Model C to come soon. As always, thanks for looking! Glitch420
BITFINEX:ETHUSD
by Glitch420
5
Bitcoin to C. P-Modeling Pt 27. Model Residual & Compound Error.I want to start off by saying thank you to everyone who has talked with me in chat and who lurks in the background with curiosity about this new theoretical linear regression modeling I have been designing. When I started this on 3.22.18 I never thought it would go a month without failure. I thought it was going to fail within the week of trying it out. But here we are.. 32 days later. It finally failed. Or did it? One thing you should understand is that what I am doing is new. It is Theoretical. Thus being it is theoretical, it must be tested for any type of possible validity. I am certain i have found validity in what I am doing, so I will keep doing it. Despite any failures, or incorrect calls, or emotional builds ups only leading to disappointment. Is that not the fun of it? I found this stuff ultra fun and it works a good portion of the time it seems. But I am only human.. Humans make mistakes. Lets talk about mistakes. When rendering a model in my algorithm, the proposition that upholds the belief theory is subjective to a degree. I chose the best place I THINK it would go. Period. I follow the geometry as I see it in my eyes. That is subjective. No A.I. in crypyto trading has the ability to have subjectivity. But I do. No A.I algorithm created has subjectivity, unless it is a hybrid that incorporates HUMANS into it's analysis. The human operator is the most important aspect in understanding the real complex nature of human emotion and its interplay in something like crypto trading; as all bots programmed to trade (are based on emotions, and desires of the HUMAN programmer). Thus bots although automatic, ooze the emotional desires of the human programmer. An observable behavioral phenomena, to the train eyed. My Human Error in rendering models has led to what I am terming, 'Model Residual'. This is the idea that the subjectivity of my choice to render a model in 3D-(X ,Y Z) space in the vector matrix, causes a chance like probability that my Model is not "Modeled/Rendered" in the most efficient spot vs another (X, Y, Z) space in the vector matrix. This residual of the incorrect placement in the vector matrix compounds over time with each added Model. I have gone 32 days without accounting for each Models residual in the vector matrix, which is caused by my human subjectivity. My subjective placement of each model was probably not the most "efficient rendering location" it could of gone VS. if we ran the same scenario with an A.I. program this program would be bound to very strict logic and math. No subjectivity allowed. But without subjectivity you LOSE valuable data. This is the key component of the algorithm. Subjectivity. :) OH NO, NOT SUBJECTIVITY!!! YOU OBVIOUSLY DON'T UNDERSTAND THE SCIENTIFIC METHOD. (screams every hard bound scientist in the world reading this). What if we could MEASURE subjectivity and use it as a quantifiable foundation for accurate prediction forecasting? NOT POSSIBLE (screams the scientists). Oh but it is.. And we are doing it now. :) Compounding Error: Every model has residual the compounds on the next model, and goes all the way through the sequence until the end of that sequence. The residual compounded must then PLAY OUT AT THE END OF THE SEQUENCE once a sequence failure occurs. We just reached the end of our sequence. But have not violated ANY of the modeling rules except not having our criticality shift. The criticality shift.. occurs AFTER the END of the subjective residual of the modeling sequence. So what I am saying is.. The modeling residual due to subjectivity create the criticality shift, AFTER the end of the sequence. WE are IN the CRITICALITY SHIFT NOW. And my subjective error predicted the timeframe of Criticality till we shift.. I am sorry if you are confused. As always, thanks for looking! Glitch420
BITFINEX:BTCUSD
by Glitch420
7
Elliott Impulse: APPL Wave Examples and Correction ExpectationsThe purpose of this chart is to show how Elliott Waves can be identified generally in common charts, how the cycles can be superimposed, and how you can make general predictions using wave theory, especially with a stock like Apple. The general price levels are meant only to give ranges that you can reasonably expect for possible corrections on different timeframes. I didn't illustrate the corrective waves here for two reasons: First, because I want to emphasized the longer-term trends, and second, because I want to show the near infinite repeatability of these patterns in a single market. Happy Hunting Everyone
NASDAQ:AAPL
by Piptocurrency
Eur/Nzd EN has broken out of consolidation and is moving down strong. Considering a lot of things, this is my projected path for it to make. I posted that buy (which turned out to be barely a scalp if you held as long as I did). I have been anticipating one last possible romp upward. At this point, considering the overall pattern and the fib extensions I think it is ready to come down. Like I said, it is breaking out on the daily. It will have the major trend line to contend with but I would anticipate a flag consolidation or further downside. I will post a short video on EN and GU on my channel and show you what I mean.
Short
by thillygoosth
Dow TheoryHere is a prime on Dow Theory to help you get on the right track. Charles Dow was an American journalist. He founded the Dow Jones & Co., created the Dow Jones Industrial Average (DJIA), founded the Wall Street Journal and created the Dow Theory, the basis for technical analysis (which is the important part for us). All in the XIX century. I will use the Dow Theory, and just that, to analyze the $BTCUSD daily chart from the beginning of 2017 to today. You will learn, I hope, the basics and see how to implement a very simple, but effective, trend following strategy using just that. Dow divided trends into 3 types: Major, Intermediary, and Minor. Minor trends are fluctuations inside Intermediary trends, which are themselves fluctuations inside Major trends. In this image, I've drawn Major trend components in red, Intermed. in orange, and Minor in yellow. Minor trends aren't very useful and Dow considered them to be distractions, noise, so we'll ignore them. Notice how during the bull run the Intermediary trends kept forming higher highs and higher lows, that's the very definition of an uptrend. A bull market is simply a Primary trend going up, so we were in a bull market. But not just any bull market, a parabolic bull market, since the trend was accelerating, getting always more vertical, higher prices in smaller times. Dow called each of the Intermediary trends "Swings" on the Primary trend. A Successful Swing (in an uptrend) happens when price makes a higher high, followed by a higher low. A Failure Swing happens when price fails to overcome the previous high and breaks the previous low. A Failure Swing is a reversal pattern, from it, you can derive other patterns you probably know: Double Top, Triple Top, Head & Shoulders... (And their bottom counterparts). Dow also divided each trend into 3 phases. For bull: I) Accumulation, when smart money starts buying; II) Public participation, when retail investors notice the trend and start buying; III) Excess, when the media starts calling the general public attention. For bear: I) Distribution, when smart money starts selling; II) Public participation, when retail investors start selling; III) Panic, when the broader public starts panic selling. I've drawn these phases in green and purple. Dow Theory gave us 4 signals the bull run was ending/ended: 1) At 17k, when price couldn't overcome the previous ATH, starting a Failure Swing (that's when I started selling a little); 2) At 15k, when the Parabolic trend line was broken (sorry @parabolictrav) (I sold more); 3) At 12k, when price broke the previous low, thus confirming the Failure Swing (Here I sold the bulk of what I planned on selling); 4) At 11k when price swung again - twice - at the previous low, but was unable to break it. For 1), according to Dow, we even had one more signal: the low volume. Volume confirms price action. Should price break our previous low @ ~5.9k, Panic phase begins, possibly taking price to one of the accumulation regions of the bull run: ~4k and 2.6k. (Remember: Support and resistance are regions, not solid lines.) With this, I hope you can better understand where all TA springs from, thus learning to use it correctly. For more info on Dow Theory and everything TA related, read this book: www.amazon.com
BITMEX:XBTUSD.PEducation
by FelipeZavan
2
VERGE to BTC pair, long way to go before we see new ATH?This is a different approach to previously charted analyses of XVG to BTC pairs. However, based on past pattern movement, I suspect that in the near future we will see a mini pump, this may be of a larger degree wave B, WHICH MEANS we will be seeking a lower low for C, if that is the case. But I think that before we can see new ATH relative to BTC than we will need to wait it out and allow for more time to pass. Although this feels like forever, its only been like 7 weeks of straight red....NBD :) --->NOOOOOT. Its been hell, but look back and you will see 400+ days of no price movement, and then it comes to the last price action we saw, and it was about 188 days in between events. Now we have not even experienced 80 days of loss and/or sideways action...meaning we could see a repeat pattern occur and another 80 days or so until we hit new highs. If it does take that route, and mirror the previous patterns seen, it would bring us to May....long time if you are holding a bag and watching BTC soar, but a short time if you are in this game for the long haul. Not investment advice, but if we see another impulse wave up, im not hesitating to sell. Pulling that trigger quick as all previous price action has indicated that after a pump on XVGBTC you have multiple re-entry points that could be favorable positions. If BTCUSDT drops we may be able to see some recovery of the alts, they have been slaughtered.
by astoinis
2
EUR/AUD buyEA did that running triangle I talked about, broke the high, but then did a flat pattern. Those green lines were my original targets. That box is equal length to wave 1 which would be the 1.59000 level exactly. Come on guys, watch the videos so you can fully understand my analysis, and not miss trades. The entry on this and GN should have been earlier, but looks like we are going. The question is, did it do a wave 5? looks like a flat to me on 1 hr, on the way up
Long
by thillygoosth
BTC - From now on, what?The bounce has happened in the very intersection of the correction and long term trend lines , see my previous idea to see that I haven't moved the trend lines I draw. Someone has bought in the very dips. Maybe banks, companies, hedge funds realised they were outside the game, pressed their governments to announce regulatory news that will never carried, waited the market to drop to the exact price of 6000,1$ and buy all over. Just some thoughts... We might recover the short term super-bullish term, but don't think such amount of money as before will come that easy. A lot of weak-hand and newcomers have got burned. I expected this "bounce" to rise BTC to a 10k level and then slow down to the mid term trend. Also we'll see a lot of bounces caused by people that had had enough and want to HODL anymore, buy a nice Nissan micra and get their lives back.
COINBASE:BTCUSD
by igreen21
LTC Elliot Wave - SHORTLooks like altcoins are about to take on some water in the near future. It's not only LTC, but multiple other coins I've taken a look at are showing signs of a sell-off in the VERY near future. Textbook Elliot Wave for LTC at the moment. If you are a bullish trader, I'd highly suggest that you wait for the trend to surpass the 2/1 resistance line WITH a proper buffer to ignore potential noise in the markets before you begin to classify LTC as a "bull-market".
BITSTAMP:LTCUSDShort
by yeeyee2020
30
AUDJPY Elliott WaveI am still learning, and mistakes in the chart can occur. I stopped with putting in Minuette waves in from the Minor wave 5 because i don't wanted it to look messy. i placed it in because it was easier for me to see the following that will come. enjoy. i have a target on 98.050 If you scroll down on my profile and look on the other recently AUDJPY chart i made, it´s almost the same target, just with another analysis form. if you see some mistakes, then hit me up with a comment, so i can improve for the next time, Thank you :)
Long
by Fx-AlphaStrats
(1h) Wait for confirmation! Then proceed to ride that pip wave. Trading is a game of probabilities, not certainties. The AUDUSD has been a headache for most Elliott Wave Theory traders. But we're about to get confirmation on whether we'll see an Intermediate or Minor Wave degree impulse or the beginning of the Primary Wave degree correction. Sounds complicated? Let me simplify: Just wait for the long candle stick that will either confirm the breakout or bounce from the 0.5's fib retracement. In case it does breakout, it will definitely retrace near the 0.618 fib retracement. I've made a crude estimate of the dual possibilities by multiplying the odds of different fib retracements from different timespan (weekly, daily, hourly) wave structures. I've also placed in factor the good economic indicators from the US' economy released on this past week as it will surely have influence over the continued bullish movement for the DXY
by CarlosBMN
2