BTC correction and possible outcomesHi traders..
on the short term level I think that we are correcting in a WXY pattern and then we shall resume to the upside.
How much up have to be seen: on a macro level we might have completed only a wave 1 and after that new time high !
On the other side, we might forming a bigger ABC correction from the 20k top that will bring us up, firstly, to 16500 or higher, and then down to retest the previous low and probably breaking it..
For the time being I still see a high probability that after this correction, we will resume up, to at least the mentioned 16500 and then reevaluate..
There are also other alternatives for a more complex correction, but I wouldn't consider them until they presents themselves; for now I would personally try to play the bounce from the blue box up to 16500, paying attention to the wave structure that will be formed from the blue box going up, especially at the 10850 and level and 11460 levels...
This is IF and only IF I'm correct in the first place... will reevaluate soon based on next moves,...
This is No financial advise !!!!
I'm not a certified trader/investor, just having fun in the market.. so: don't follow what I say :)
Wave-analysis
USD CAD - 04/04/2019 - Daily Forecast - Elliott Wave AnalysisUSD CAD - 04/04/2019 - Daily Forecast - Elliott Wave Analysis (Based On RSI And Price Action)
Long Term Trend - Down
Best Entry Range For Sell - 1.33000 - 1.32500
Take Profit Range - 1.27500 - 1.27000
Stop Loss Range - 1.38500 - 1.39000
Please follow this signal with strict proper money management, this signal is for long term only.
For any queries, suggestion, or support, just send us an email to shardafx@gmail.com
BTC Long Idea (With Stop Loss and Take Profit LevelsAll the extension and retracments of the elliott waves are based on fib numbers and patterns.
As ususal the chart speaks for itself as long as you know how to read sub waves and understand elliott waves and patterns.
This will likely play out if we do not go below the stop loss, but the time frame will likely take longer, I just shortened it so it could fit on the screen.
This is not finacial advise.
Long BTC (Good RR)We have completed the ABC for the first sub wave of btc , if you were waiting for a good entry point for a btc long now is a great time.
If we retrace more than 100% than exit your long (Stop Loss 3500) and then if you are long a good target would be at the 1.618 range (Target 5,000) over a longer time frame this should hit in about 2 weeks.
Happy holidays
Break lower on USDCAD Indicates more WeaknessUSDCAD turned beautifully lower from the upper channel line, which was expected as we were tracking a bigger, complex pattern within higher degree wave B). Current turn lower, and break below the 1.3160 level is now a confirmation for more weakness to follow in a five-wave manner for wave C). That said, we also know that pullbacks may follow, so the next one can be wave 2 which can look for resistance around the 1.317/1.323 area.
BITCOIN BULL RUN TO $13900 Wave 4 correction complete GET READYHello Guys,
I've been a trader for the most part of last year, however I have finally decided to come to TradingView to start sharing my ideas as I feel as though we can all benefit from them. I have titled the Idea as a bull run to 13900 USD. I know, I wont be highlighting why in this chart but I will show you exactly why this number is the magical number that we will hit before an ABC wave correction. and I'm expecting to hit $13900 in June 2018. Expect to see some solid reasoning as to why this number in the very near future :) But first, lets confirm wave correction of wave 4 ($9750 to $8900).
Now lets get onto the TA!
As you can see, Bitcoin has in the last 2-3 weeks made an epic run from $6700 to $9750. This isn't the end before a large. I have studied the charts of BTC from all the way back to the 2014 Crash ad have made some striking discoveries that I will share later on down the road with you guys. The correction we are experiencing is currently Wave 4 of the larger scale/fractal Elliot Wave. And we are just about to leave it behind to bite the dust in the next day or two.
Thanks for checking out the TA, I will see you guys very very soon i promise!
- Husky
APPS Wave InclineChart shows my forecast for Mon and Tues. Wave losing momentem but things positive media may sway.
Stock info courtesy of nasdaqjournal.com
The stock showed weekly performance of 9.16%, which was maintained for the month at -3.71%. Likewise, the performance for the quarter was recorded as 17.91% and for the year was 142.31%. Analysts’ mean recommendation for the stock is 1.60 (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range).
LTCUSD Decisive Breach Downwards In my last analysis, I stated 2 possible probabilities that could take place (you can read it here ).
We have a decisive breach downwards of the symmetric triangle, as well as the support trend line, and could possible test some high probability support zones I have labeled in the chart.
I do not believe that we could re-test anything lower than $150. Although, an alternate opinion I would like to state is that LTC is currently holding at a support zone as of now, and if this support fails to hold, the next support zone we could possibly re-test would be the $170 - $160 range in price, and if that one fails to hold as well, then.. yeah, you get the point.
SAEX explosive pennystock setupEnergy, oil and commodities will be hot in 2018, and this pennystock's pattern interests me; it definitely has the potnetial to go to 10 in one day
holding it from 2.15 and looking for this pattern to occur on it which would build enough energy for it to explode
BTC Corrective Wave incomingIt looks like we are looking for an ABC correction here soon. I think we have finished the 5th wave of the last phase. I'm sure other Elliot Wave guys will disagree and get upset at me for that, but I don't see much to make me believe its ongoing. The volume has been too low for too long, the overall crypto market cap is down quite a ways... when money starts to flow back toward BTC, it will probably do so violently.
GBPUSD Daily 38 Touch and daily channelGBPUSD has been steaming high however we can see a C wave ending diagonal forming right at the top where the 38Fib retracement of the last daily complete move. The 38Fib hasnt touched yet and still got to go a little higher. My view within this final top is that we are making a flat within the diagonal to make one more push up, touch the 38' Daily Fib retrace and shoot down to the bottom of the channel. Wait for a hard and fast move down within the next few days before consdiering entering.