Get started

Wave3

BTC ... does Renko hold the key to unlocking the wave count?Hello everyone. So there's been much deliberation over the wave count. Certainly the drop from 10k has had a few minor bounces, and it is hard to distinguish what is really completion of a wave ... which obviously impacts the wave count. So this morning I switch to Renko bars ... looks clear as a sunny day to me. Up to now, over the past 2 days, I've been wondering if we are forming a wave 4 now ... but I don't like what I see ... we are stuck range bound, no real recovery (I expected a bounce to around 7800 mark. The weekend hasn't provided any major support for the bulls, maybe a little rest (equally for bears!). Renko makes it clear ... we are technically still in wave 3, no confirmation of wave 4. Now, it could be a start of wave 4 ... but we have NO confirmation. That means, it's wave 3 until we have confirmation! So what can happen? Let's say Asia markets open up on Monday and they rally it up, thinking we have a temporary bottom .... then, we can welcome wave 4. But let's say the see weakness, and after closing shorts at 72XX, they decide 7600 is a great place to open shorts again ... continuation of wave 3, and the target is there, the bottom of the triangle at around 69XX. That would mean we should still form wave 4 up and another wave 5 down!! So we could have an extended wave E, past the bottom of the triangle, to do a double bottom test of 6425 (Bitfinex). So, there you go ... Monday morning in Asia ... watch it closely. Remember, only a fool relies on one potential outcome. Do not use this information for financial decisions. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
11
BTC WAVE E ... consumed by fire, give rise to the Pheonix!Hello guys. So here's an update on my idea ... some polishing up done, with the new data, but the concept still remains the same. For those looking for a summary only. - we are likely forming wave E of a triangle pattern (see red wave) - we are likely in an impulse wave, where wave 3 ends and wave 4 starts (see purple wave). - the purple line is my highest probability, but the two black lines are other possibilities. So likely bottom is 6.9k (after a rise and then fall again), but 6.5k, 6k and 5.4k are also possibilities (the paths are shown in the black lines). - overall I see after this bottom, a nice bull market ... and look forward to the second half of 2018! OK so here is a more detailed explanation: We hit 7270, and came within 380 points of the triangle bottom. Not much left to go. But it is clear, two things are happening ... likely it's mostly shorts closing their positions (buying back bitcoin), and perhaps a bit of FOMO starting (people jumping in long guessing it's the bottom). The red wave E shown in my chart will likely be made up of an impulse wave (shown in purple). After reassessing the wave, I believe we are due for a wave 4 (UP) soon, before a final wave 5 down. That coincides with the bounces we are seeing (from 7270 to 7532 so far). But still not enough to convince me we are in wave 4 ... I look for breaking the current channel we are in, and the upper parallel is currently sitting in the 7600 territory (so I want to see it above that to confirm we are in a new wave up). Wave 4 will obviously take us higher, and my rough estimate at this stage is 7800 - 8100, with the most likely target actually being the higher end of this range. I'll know better once we've cross 7600 to see how much steam the bulls have. I strongly believe because we are only 380 points from the triangle bottom, the bears want to test that. If that's correct, a great play would be to short from the top of wave 4, and then close profits when the final wave 5 gets close to the triangle bottom, then look to long when wave 5 is close to finish (perhaps ladder in your buys at key levels). Wave E's (red wave) can extend past the triangle bottom (would be a great fake out ... and one last squeeze of longs looking to get in at triangle bottom). So I've shown a black line (one on the right) which extends to test the previous bottoms (6.4k/6.5k territory), before a bounce up. Please note, as I indicated we do not have solid confirmation that wave 4 has started. This could easily turn south again and wave 3 continues. That is the black line I've drawn on the left. This would eventually lead to wave 4 and then a wave 5 could take us down much further, where I have a possible bounce at 6k and even 5.4k is a possibility for me in this scenario. I do believe this triangle is a large continuation pattern. After a nice impulse up to 20k ... we break up out of this triangle once we complete WAVE E and to new highs. I am look forward to the second half of this year. Remember only a fool relies on one potential outcome. Do not use this information for financial decisions. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
AUD/USD - Possible long-term low in place at 0.7410My long-term preferred count indicates, that a long-term low could be in place with the test of 0.7410. A clear break above resistance at 0.7567 will be a strong indication that this is the case. If my long-term count is correct, then wave 2/ bottomed with the test of 0.7410 and a new impulsive rally is about to begin in wave 3/ for a rally to above the peak of wave 1/ at 0.8136. The ideal target for wave 3/ is seen at 0.8993. The possible S/H/S bottom is not really visible on the daily chart, but zoom in and take a look at the 4-hourly chart and see a really nice S/H/S bottom, that will be triggered upon a break above the neckline resistance at 0.7567 for a measure rally to at least 0.7723. So stay focused towards the upside and use a break above the neckline resistance as 0.7567 as you pivot point and divider between a still bearish outlook or a shift towards a bullish outlook.
Long
by EWS
BTC - It's the Final Countdown.Folks, I came to the realization last night and this morning of two things. Firstly we have formed the predicted head and shoulders and we now have a 1000 point potential drop from the neck line which is around 9k ... so 8k for this next wave. Second is, the waves from 9.99k down to 8.98k and the back up to 9.4k just confused me. I don't want to bore you with detail, but we though a 5 impulse wave followed by an ABC. Weird. Well, it became clear this morning, I was looking at far to small of a time frame. It became clear to me that the impulse down is likely far from over, and we are forming wave 3 now. The question is where does it stop. If we assume that this down wave is an ABC, BTC could stop soon (anywhere from here - which I doubt - down to around 7750 level, likely 8k to 8.2k). That is the blue wave theory ... which assumes BTC is actually in a grand impulse up and it will start forming wave 3 after this wave down completes. However, if this is an impulse down, purple wave 3 completes, BTC bounces up a bit and then we fall again to form wave 5 ... that's the grand wave shown in red ... taking us down to the 6.8/6.9k mark, and completing WAVE E of a triangle wave. As you know, wave E is difficult to predict, and can over-extend. So, it will be interesting to see the action of this current wave, and in particular what happens next. The two directions are clearly opposing, one saying we could go up to 11.7k to test that peak, the other saying BTC could go to 6.8k or lower. Remember, only a fool relies on one potential outcome. Do not make financial decisions on this information. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
4
XVGUSD wave 3 of 3 to begin?seeing a larger degree wave 3 to begin. higher highs, very bullish on XVGUSD and XVGBTC if this timetable is valid and begins to move in this direction with the price of BTC at a relatively 'stable' price of ~10k we can extrapolate a Satoshi value of ~1250 satoshi as the next target before a pull back and subsequent LEAP to higher highs (relative) and then ultimately new all time highs. what is everyone else seeing? comment Bull or Bear - trying to determine that im not looking at this with bias bullish goggles on kinda like beer goggles :) but for crypto
XShort
by astoinis
4
My Take On Chicago Bridge Elliott Wave MovementsEverything looks upward moving for CBI. Although a test came for dropping below the bottom at 12.10 on April 23, the bleeding stopped at 12.12. I believe the stock is currently in: Grand Supercycle: 1 Supercycle: 5 Cycle: 1 Primary: 3 Intermediate: 1 Minor: 3 Minute: 3 This chart displays my projected path through end of August 2018. The chart below is the projected movement through May 7. The chart below is the projected movement thorugh May 21. I will continue to monitor this movement as I am long with exit plans around August-September 2018. My ultimate target is 31.00 by September. Also expect 24.00 before end of July.
CLong
by StockSignaler
My Elliott Wave Analysis Found Next Major Market TopBased on my analysis of the Elliott wave that began around 1993, we are coming to the top of the third SuperCycle wave. SyperCycle Wave 1 ended with the market top in 2007 prior to the popping of the housing bubble. SyperCycle Wave 2 ended at the bottom in 2009 and we have been in SyperCycle Wave 3 ever since. I project the market top to occur between November 1 and December 31 this year (2018). The good news is my projected level is 18% higher than where we are now. My market top for the S & P 500 is between 3160.12 and 3194.67. Based on this timeframe, I wonder if the real world catalyst rekates to the North Korean peninsula matters, surprise in 2018 mid-term elections or some other event. I encourage other Wave Analysts to share your thoughts.
SP:SPXShort
by StockSignaler
2
Breaking Down CBI Wave 3Currently CBI has just begun the important wave 3. Based on the statistics observed during the current overall Grand Supercycle Wave (white roman numerals), our current wave 3 will most likely end around 31.41 around the end of August 2018. This will provide massive gains if buying stock and even larger ones with call options. The solid yellow lines represent the average levels observed throughout the Grand Supercycle. The average Fibonacci Extension from Wave 1 is 105.78% which is move to at least 22.66. The average days observed for a wave 3 coincides with the end of August 2018. The median Extension is 177%, and 176.4% is a Fibonacci number so this area is why I believe the movement should go at least here by the end of August. I have arrived at the solid red lines when the standard deviation is applied (added) to the average of the days elapsed and Fibonacci Extension percentages.
CLong
by StockSignaler
1
BTC Giant Inverse Head and Shoulders Completes Today?Good morning campers. I'm your Uncle Ernie and I welcome you to Tommys Holiday Camp. (The camping with a difference!) Okay, so... we could complete this huge inverse H&S today if it can just bust thru that 0.382 fib, and that yellow neck line. But it needs to bust thru decisively, eh? If it can do that and not look back... we may get that acceleration of Wave 3... at least the subwave 3 portion of the larger WAVE 3 that is ideally in progress. What do you think? Wakey Wakey -- Eggs and Bakey!
COINBASE:BTCUSDLong
by nijisan
Intel Set To Lead Intermediate Bears DownAlthough, harder to identify at first, Intel Corporation is in the process of Grand Supercycle Wave 3. The stock has most likely met a near-term top or will do so no later than tomorrow, January 23. Our short-term target is 40.50 by the end of February. Our Intermediate target is 30.00 by June of 2019. Once the stock reverses up from this 30 mark, the stock should fly high for a while. Finally, the long-term target is 78.00 well out in to the future (2022-2024). As always, the rest of the stats will be up shortly on our site.
NASDAQ:INTCShort
by StockSignaler