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Triangle Wave

#BITCOIN - Triangle Pattern In Elliott Wave Theory - Part 13Crypto Knocked by Virus Worries Just when a major cryptocurrency renaissance was getting underway, a global pandemic has knocked the wind from Bitcoin. In the lead-up to the BTC halving event, it seemed for a moment like there was simply no stopping the world’s number one digital asset. However, nature had other plans as the Coronavirus emerged and quickly spread across the globe. Surely you need no refresher on the last point as the virus has been the world’s main talking point for weeks now. Both traditional and digital asset markets have finally caught up with the news, leaving traders in the red everywhere from the NYSE trading floor to the halls of the Shanghai Stock Exchange. Store of Value No More? For cryptocurrency traders like ourselves, the decline in crypto fortunes led most notably by BTC’s fall under $7,800 signals an impending end to the store of value use case. It is one thing to declare an asset a store of value during times of acceptable turbulence. But, it is clearly another for that same asset to actually act like an SoV when the going gets tough. And boy, the going is getting tough. So, in Bitcoin’s first real test as a store of value asset, it is hanging in the ring but appears as to be fatiguing from the fight. The remainder of this month will be crucial for determining what to expect from the first half of 2020, especially as traders gear up for the halving event. Ethereum Foreshadows The Ethereum showed us the way up, now it will lead the way down. ETH has preceded price moves for the rest of the market, and at current, is also diving the hardest, too. Does that foreshadow fortunes for other top tier assets? Yesterday, ETHUSD has led the way down with over -35% in losses, shedding close to $100 since the downtrend began. The ETHBTC ratio hasn’t fared much better but may be buoyed by Bitcoin’s drop in tandem with it. At the moment, there is no telling how far down digital -- assets may go since they are currently at the mercy of global events — and appear entirely correlated to traditional asset markets. Given the uncertainty and apparent selling pressure, we’re taking a wait and see approach with maximum de-risking practices in place to Stack our wealth; this includes our use of automated trading technologies - which you all will receive exclusive access to in the coming weeks! I am not Bearish long term. I am a Bull of Bulls. To the Moon is too close, go BEYOND! I am anti-establishment! Long Bitcoin, Short the Bankers! Nothing is hard as long as the determination is there. We go together Together we are stronger Share and like God bless you! Nothing is hard as long as the determination is there. =============================================================================== CAUTION! DISCLAIMER (Trading is risky.) =============================================================================== Here s a small explanation about why I'm giving insight into my trades. Crypto is all about trust and transparency and that is what ID likes to bring. Don't expect me to tell you how much crypto I actually own because of thats none of your business. But I Will tell you how big my position will be in regard to my trading portfolio. Secondly and actually the main reason I'm doing this is to prove to all the HALTERS out there that you can earn money with trading crypto. Most people are skeptical about trading because they heard horror stories about people who lost all their money. Follow my journey and let me proof therm wrong. At the end of the day, the most important thing is how good are you at risk control. Booking some losses during trading is perfectly normal, so I'm not afraid to show those losses. Most traders don't give any insight into what they because they perfectly know they suck and don't have a clue what they are doing in regard to risk management. Risk comes from not knowing what you're doing. Just like every trader, I've seen ups and downs in my journey. I started trading stocks. And you can guess what that meant for my portfolio. Yes that's right, it was almost completely wiped out. But I pressed on, learned a lot about technical analysis and here we are. I have experience in trading stocks, options, and commodities. So you can assume that I know how to deal with risks. =============================================================================== >> Daily stats << Stock/flow 1d/365d: 26 / 25 Stock/flow price 1d/365d: $8.515 / $8.312 Actual price: $5.054 Mined BTC: 18.268.575 Mayer multiple: 0,59 Days to halving: 57 Pow law osc: -0,34 Dormant BTC >10y: 1.241.048 =============================================================================== $BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP #altcoins #bitcointrading #cryptocurrency #cryptotrading #CRYPTO #BITCOIN #BTCUSD #BTC #BuyTheFear #BuyTheDip #BTC #BITCOIN @btc @RedditBTC ----------------
BYBIT:BTCUSD.P
by ferGOD
2
Dow Jones - Reminds me of Niagara Falls 29500 to 24680Scaenario 1 - DowJones Falls 1000 points more below 25760 to another key level at 24680 - breaking that support it could be some serious fall of 3000 points more to 21712 Scenario 2 - Dow Takes support at 24680 - bottom as of today so far & holds to bounce upside giving some relief which will help India Nifty also to bounce next week on Monday 3rd March, 2020. Dow Jones at mountain top - The clue to the current fall which was expected was the Big Triangle sideways move. 13th Jan 2020
DJ:DJI
by WaveTalks
7
BTC ... here you can choose your path ... for me the black one!Hello team, been a while. Although I haven't posted in some time, I have been actively looking at charts. OK, we are at an interesting juncture ... so I thought I'd post my grand chart to get your opinions. Which color line are you counting on ... green, red or black? It feels like we are on green, especially after that green candle today, you have to think that bull euphoria is setting in. But unless we crack 11500 to 11800, I'm afraid there will be profit taking, and then the question is how much profit taking (ie the black line or the red line). The red line assumes we are still in a big ABC correction that is still in play. Basically 20k to 3k was wave A, 3k to 13.7 was B, and now we are creating C ... down to around 2k (maybe even lower, some calling for 1k). Personally, it's hard to believe that ... but we all know how whales can surprise us in this market. And some traders that I respect are convinced it will happen. So I will not discard this possibility. I think the black line is the most realistic. It basically says since we hit 20k, we are forming a big ABCDE triangle wave ... this ends in early May, precisely when BTC is expected to half ... and you know what that means. So it makes sense that people that don't believe will be anxious to profit take at the first real sign of resistance (11500), but at the same time, I think there is enough people that believe BTC will print a new ATH after the halving ... so they won't give up BTC that easy ... so we sideways (which is a triangle wave ... the market can't decide really), until we get to the halving, and then we take off. I'd love to hear what you guys and girls think. Remember, only a fool sees one possibility. Do not use for investment, trading, financial decisions. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
14
ORBEX: EURUSD Triangle Wave Hints to Short-Term UpsideEURUSD triangle structure seems to suggest that we have a little more upside correction left before turning lower. The test could take place near 1.13, the 78.6% Fibonacci and also a price/trendline intersection. Both MACD and the RSI support short-term bulls! If successful, the chances of reaching a fresh multiyear low would increase. Trade safe Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
Long
by Orbex
4
BTC ... Close Enough? Now Up?Hey everyone. It's been a while since I've last published, although I have been actively charting. I assumed we would create a traingle pattern and then have a wave E breakdown in my "internal" updates. I wish I would have published that idea, because it came pretty close to my target. I did pass that onto a few close friends and published charts on a great Telegram Group I'm in (Chart-Attack Crypto~Chat). Anyhow, my last published idea had a target of 77xx ... we got pretty close to that. Here's the idea: You'll see on this chart, drawn in a blue line the triangle created, and then a wave E breakdown to a log trend support line ... it went below that and now is testing it as resistance. So where to now? Up, down, sideways? Here's my thoughts ... I think, if we are to assume the current low of 77xx is like the 31xx bottom we had last year ... then look at how that bull rally started. Lots of sideways, accumulation ... then up. I wouldn't be surprised if we have a hard time cracking that log trend line now, and then the bears attempt to bring BTC down to and crack 77xx again, but fail. And then some more sideways in the 8000's. I see, towards the end of November, my gann boxes showing a major time fibo ... so does that mean we will take off sometime end of Nov? If it does, look at my chart. That elliptical resistance curve (pink) ... could that be the point we reach ... it says forget about 20k (although I think there might be a pause there) ... we could go much higher! IF I'm wrong here ... in my mind it could spell disaster ... Imagine 20k to 3.1k is WAVE A, 3.1k to 13.7k is WAVE B .... and now we are making WAVE C ... which could take us to 1k or 2k. I'm not sure if you realize, but that is basically what is in front of us right now. I don't think BTC has anywhere else to hide. Either we break the ATH, or we are going very low in my opinion. Nothing in-between. At the moment, given this has corrected EXACTLY as I plotted months ago, I'm seeing this as a very normal correction, and we are still in a bull cycle. We haven't even corrected 0.618 yet (at around 7200). So I'm siding with the BULLS! For educational purposes only. Do not use for investment, trading or financial decision making.
BITFINEX:BTCUSD
by MAGICMARK
2
GBPNZD LongGBPNZD, -has just broken Daily EMA200 & retrace to reject EMA200 to act as a dynamic support. -broken 0.5% Fibo and retraced back to 0.5 level so there's a high chance of it bouncing right off to head towards the next level of resistance. A buy stop is placed 10 pips above current resistance level on H4 , waiting the breakout to capture 50-100 pips in 2 days time, that being said if you were to zoom out to look at a bigger picture, you'll be looking at a triangle pattern which I'm optimistic that it'll be pending to hit the trendily above. Fundamentally speaking, Trump is going to have "breakfast" with Boris which in my opinion they might come up with some scheme to counter the situation they're in. XAUUSD(GOLD) had reached a weekly high which is waiting for a strong pullback & pound currently needs some strength in having a deal in brexit. So, this week is going to be a fun week of breakouts for GBP & USD pairings, trade safe :)
Long
by AnalyticalTan
S&P500 has started forming wave E of Triangle in 4 Primary waveSP:SPX Hello traders I've counted wave at SPX and I suppose that now Intermediate wave E inside 4 primary wave has started to forming itself in this month I calculate proportions between 1 and 3 Primary waves (Green color) and let's see what I got: 1 Primary wave: Begin 666.8$ ending 1363.6$ 1363.6 - 666.8 = 696.8$ Total 696.8 / 666.8 = 104.4% Total 3 Primary wave: Begin 1074.8$ Ending 2872.9$ 2872.9 - 1074.8 = 1798.1$ Total 1798.1 / 1074.8 = 167.4% Total Fibo proportions between 1 and 3 Primary waves: 1. Amount propotions 1 wave 696.8 * 2.618 = 1824.2 3 wave equal 1798.1 Fibo harmony :) 3 wave 1798.1 * 0.382 = 686.9 1 wave equal 696.8 again Fibo harmony :) 2. Percentage 1 wave 104.4% * 1.618 = 168.9% 3 wave equal 167.4 % Fibo Harmony :) 3 wave 167.4% * 0.618 = 103.4% 1 wave equal 104.4 % again Fibo harmony :) Such incredible Fibo harmony in proportions between waves shown me that I have deternined ending of 3 Primary wave absolutely correct and now 4th Primary is forming itself on the Chart. In according with Elliott's waves theory the most often structure of 4th wave in Cycle is Triangle and I suppose that intermediate waves A, B, C and D of triangle are completed already and in this month the Wave E has started. I think that the target of wave E is 2186$, cause if we put Fibo retracement on 3 primary wave 38.2% will be exactly in this area and trend line between minimums of waves A and D lead us to the same area, so I'm pretty sure that there is endig of 4th Primary wave and begining of 5th Primary. So i supose that bearish market will continue till September or October of 2019 and will found its bottom between 2150$ and 2200$ at S&P500 But may be I'm wrong who knows only time will shows us Wish good profits for everyone! :) I hope my forecast will help to someone
SP:SPXShort
by Yaro7lav
1