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BTC The Wave Principle | Diagonals + BreakoutsEasy setup for a quick trade, it's an ending diagonal + abc below the structure. You get the Fibonacci retracement tool there and go for 618 retracement as entrance, and -0.272 | -0.618 profit levels. Just try this in the past and see it for yourself: how many times does this combination of behavior has happened before? Hello, I'm Lito. I've been studying the wave principle for a while now, and I have found that price movement shows us the market behavior. ...what is this? people call it elliott theory, but it's a principle. that word means description of the behavior, but to be more precise: human behavior. Our emotions into charts, movements in dynamics ups and downs, in an oscillator=diagonalish increasing financial market. impulses + corrections, on the move every single day. Some are slow, some are fast. there are days and moments of fast movements, and then indecision and slower movements show up. There are ways we can study this behavior and it's called The Wave Principle, the book Elliott Wave wrote about. If you want to learn more about it, read this chart. There's a link there. See ya. ps. you can study the chart by following figures. If you don't recognize any of them, maybe you should watch my videos. Follow the link in the chart.
BITSTAMP:BTCUSD
by WavePrinciple-Net
1
BTC The Wave Principle | Are we here?As I've been studying the wave principle, I have found that price movement shows us the market behavior. ...what is this? people call it elliott theory, but it's a principle. that word means description of the behavior, but to be more precise: human behavior. Our emotions into charts, movements in dynamics ups and downs, in an oscillator=diagonalish increasing financial market. impulses + corrections, on the move every single day. Some are slow, some are fast. there are days and moments of fast movements, and then indecision and slower movements show up. There are ways we can study this behavior and it's called The Wave Principle, the book Elliott Wave wrote about. If you want to learn more about it, read this chart. There's a link there. See ya. ps. you can study the chart by following figures. If you don't recognize any of them, maybe you should watch my videos. Follow the link in the chart.
BITSTAMP:BTCUSD
by WavePrinciple-Net
2
Elliott Waves & The New Post Corona Reality.The start of the Covid-19 pandemic kicked of a volatile time in the stock market with a 34% market decline in 24 days. This marked a clear new leg in the market and allowed one to start an Elliott Wave mapping. In this chart, I begin with the classic A-B-C correction wave as the market declines and follow it up with the 1-2-3-4-5 impulse wave of the new Bull market that emerged from the ashes of the crash. The market then experienced another corrective A-B-C wave from September to November 2020. Still, it emerged again with the promise of massive government stimulus into a new 1-2-3-4-5 impulse wave supporting the major Bull market move. In the chart above, you can see that it really helps with plotting Elliott waves to use supporting indicators; I have used Cumulative Money Flow and Relative Strength Index to confirm the moves. In technical analysis, it is always a good practice to use a price-based indicator (RSI) with a price/volume indicator (OBV or CMF) to give you two different perspectives on the same chart. By mapping a 9-day moving average (MA) on the RSI and CMF indicators we can see that when the indicators cross down or up through the MA we have a strong confirmation.  This helps with recognizing a new wave pattern sooner, rather than retrospectively.  What's Next I expect in the next few weeks we will see a corrective wave emerge, which will be signaled by a MA crossover of RSI & CMF. But until stocks have any competition from Bonds/Treasuries, the market will continue to move up. The only caveat is a macroeconomic disaster, for example, the pending crypto market collapses, which will send shock waves through the financial markets, but again, stocks will eventually emerge victoriously.
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SP:SPXLong
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$BTC D-Wave 4h chart$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.
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