Three
BTC ---> a downward movement hello guys...
I predict a three-drive in BTC
as you can see in the pattern we can respect 3-5 drives as well
get a confirmation and then get a short position until the price touches the gray area
be lucky!
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always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
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BEPRO 3 rising valleys type stuffBEPRO showin some nice stuff on the 4h.
Potential three rising Valleys with a breakout bar at .00995$ (lows from mid april).
Potential Trade if BEPROUSDT can break and close a 4h and/or daily candle above .00995$
MACD, RSI and Stochastic showin hid. bullish div.
let's see how this gon play out
BTC RUN OVER - WE WERE TRICKEDhavent seen anyone speak about this yet so validity can be called into question
it is possible that we have finished our cycle, which is actually a continuation from 2013 & 2017
a triple-three here shows how that could be possible with what we would of referred to as wave 4, taking for granted you have the tolerance to look at something this messy
inside the primary triple-three is another triple-three which is composed of zigzags, the only contingency that could be addressed is the fact that the 2nd wave (X) on the primary triple-three should be using 0.854 instead of 1.236 - we can easily use 0.654 after the impulse post-covid and we arrive at the same spot, its just that impulse needs to be evaluated (which probably includes inserting another complex correction somewhere)
could a correction of this complexity be honest or legit? human behaviour is odd
Bitcoin - 2020 Bearish CaseMy second 2020 prediction for Bitcoin, is that we have to hold above the 10,000 mark in order for the next bull run to ensue. If we drop below 10k and stay there, then it's very likely we're in a larger "moon and 3 cats" fractal, that will result in a multi-year bear market for Bitcoin.
Very pivotal point for BTCUSD!
If you want to know more about "Moon and 3 Cats" just google it!
How to filter out the noiseIn this post I will demonstrate one of the techniques that you may use to filter unnecessary noise from the chart.
For that purpose we will use Three Line Break charting (invented in Japan) along with a Japanese trend indicator Ichimoku Kinko Hyo.
Line break charts were developed in Japan and popularized here by Jewish American author Steve Nison (the man who revolutionized technical analysis by introducing Japanese candlestick charting techniques to Western traders) in his book "Beyond Candlesticks" (2009). In that book, Steve Nison unveils the mysteries of four more of Japan's most closely guarded financial secrets - Kagi, Renko and Three-Line Break charts.
Three Line Break charts show a series of vertical green and red lines (bars); the green lines (bars) represent rising prices, while the red lines (bars) portray falling prices. Prices continue in the same direction until a reversal is warranted. A reversal occurs when the closing price exceeds the high or low of the prior two lines (bars).
The green and red bars on the price chart are called “lines”. Second, line (bars) changes are based on closing prices, not the high-low range. Third, Three Line Break charts evolve based on price, not time.
Each new closing price produces three possibilities:
1 A new line of the same color is drawn when the price extends in the same direction.
2 A new line in the opposite color is drawn when the price change is enough to warrant a reversal.
3 No new lines are added when price does not extend the trend or the change is not enough to warrant a reversal.
Good luck!
Roman
IC Finance
EURJPY GO LONGGGThere are many factors in which I noticed this market is on a up trend I plan on taking this to the upside for at least 20-30 pips maybe more depending on the New York open in a few hours. My tp's are 120.179 (20 pips) and TP 2 would be 120.324 ( 32 pips) if you are interested in learning in this trading style message me or follow me on instagram elite_ricky24
BTC, Two PossibilitiesHi everyone,
I've put together another two possibilities for BTC based on what we've seen in the past little while - one bullish and one bearish case, but both extremely dependent upon what we are currently doing.
This looks like BTC is forming a triangle at the moment (so far we've seen 3 and 3 monowaves for A and B, wave-C currently looks like it will follow suit with 3 and then D and E will follow). This is a very tricky count to make, because BTC is showing some signs of zigzags in this run up, but it also appears that it may be impulsive due to its strong similarity with Wave-1 impulse wave at the beginning of BTCs life.
If we are seeing a triple three, the correction for BTC is not over and there will be much more downside. If it IS complete, it appears that we may currently be in an extended Wave-3 and have significantly more upside before we correct for Wave-2.
Let's hope it's the second case, and I would love to see some insanely high price on BTC like $1 million.
This is the textbook sketch of a triple 3 correction, where the triangle actually acts as a reversal at the end of it, vs and continuation pattern on an impulsive.
gyazo.com
Triple Three Diagram borrowed from Glenn Neely's book "Mastering Elliott Waves" - it's a fantastic, extremely technical book that I highly recommend. Easily the best book on the subject and I can't imagine how much time Mr. Neely put into putting it together.
Good luck guys, around August 1st we should have some indication as to whether BTC will be continuing or if it needs more correction.
STRUSD, Multi-year Correction To ComeHi everyone,
Just a potential idea for STRUSDT and potentially all of crypto. I think we are currently in an X-wave and not starting the actual bull run. I've tried to follow as many NEoWave rules as I could, however there is the possibility that I've overlooked something, or a different variation on a correction happens, etc. This is more for a rough timeline of how long I think STR will be in a correction and I also think that it makes reasonable sense for it to take this long. Crypto is still in its infancy - it is growing and maturing, but there still aren't really that many truly functional coins around, and there are still a great deal of people who couldn't name a crypto other than BTC.
The bull run will come, it just needs more time.
If you have any questions feel free to comment below!
Also, due to how I had to make this chart (because TV refuse to fix some bugs that are chart breaking unfortunately), the scale you are looking to read is on the left side.
USD/CAD Daily Three-Drives About to CompletePRZ was tightly formed with the DE 1.272, the BC 1.618 and the 1.00 CD projection from point E. The PRZ is pretty tight and after trading a few three-drives patterns I expect a reversal in that zone. Before placing a trade, I'd watch price action to confirm the reversal before entering the trade. I have 3 price targets specified all based off of the Fib retracement of point A to point F. The targets I pick are the 0.382, the 0.618 and the 1.000 retracements. I have a feeling that this three drives is going to go all of the way to the 1.000 price target but I'm usually wrong so don't quote me on that.