Bigger wave 3 and smaller wave 2 correctionI completed wave 2 and on its wave 3. It is also in the correction of wave 2 of wave 3. Let's see if we can see 11000 soon. If you want to learn more, Subscribe to me on YouTube. I am about to start putting tutorial videos on there. www.youtube.com
Wave3
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
XDN chart updatenotes for reference
very bullish pattern formation - hodl the next 6 months and expect huge gains - take profits at terminal end of wave 3. sharp fall
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.
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.
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.
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!
update to BTSnice movement last night, check previous post for more in depth analysis.
time to accumulate more before this goes UP
BTS USD pair bullish future. #bitshareslong term projection.
only price has been projected, not time. But i think this time frame is fair.
wave 3 to begin
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.
Tron Finished Corrections?TRX finished a 5 wave impulse and is correctly experiencing corrections. A WXYXZ correction has been completed and TRX could soon start impulsing. The 5 wave impulse could be the subwaves of intermediate wave 1. That means the biggest wave (wave 3) has yet to come. I used the fibonacci extensions at 1.618, 1.272, and 1 to set the targets.
Status Coin About to Gain Some StatusSNT just completed some major corrections and has already started impulsing up, starting primary wave 3 (pink). SNT have just started the first leg of intermediate wave 1(dark blue) and is currently on minor wave 3 (black). By using a 1.618 Fibonacci Extension of minor wave 1 for wave 3 and a 1 to 1 Extension for wave 4, we get a first target of $0.62 This is just the beginning for this coin as we are not even done the first intermediate wave yet! This coin would be one of my top picks for holding and forgetting.
XVG about to EXPLODEXVG is forming a symmetrical triangle, which usually is a powerful continuation signal. The symmetrical triangle also happens to be the corrective wave of wave 1 in the form of a ABCDE pattern, and its completion signals that wave 3 will start soon. Since wave 3 is usually the longest, XVG probably will hit at least $0.39 (1 to 1 Extension). However, because the crypto market is so bullish, XVG will most likely exceed that target, possibly reaching $0.65 (1.618 Fibonacci Extension) or more.
In addition, within the symmetrical triangle, there are three falling wedges. The first two wedges led to a noticeable spike in price but failed to bring a decisive breakout. But as the saying goes, "Third time is the charm," the third wedge (the one XVG is currently forming), will likely bring an all time high. Market trends tend to come in sets of three (sometimes two). For instance, the impulse waves have 3 motive waves (waves that drive the price up) before a correction. Also, the triple combo corrections and the WXYZ corrections have 3 corrective sub-waves before starting another impulse. Once three of whatever pattern happens, the price is likely to change. XVG's three corrective wedges could signal the end of the corrections.
Neo; Short Term CorrectionNeo just completed five sub-waves, and after 5 waves, a correction occurs. The correction usually is between the 0.382 and the 0.618 Fibonacci retracement.
We can open a short position with a tight stop just above the peak and a target at the 0.382 Fib retracement level, which gives us over 1:5 risk to reward ratio. That means, we only have to be right about 1/6 of the time to make this trade profitable.
If we zoom out and look at the bigger picture, we see that Neo is only on intermediate wave 3. It has one more wave to go, and it will likely bring us another all time high. We set our buyback zone according to the Fibonacci retracement levels of 0.382 and 0.618.
ETHUSD: Don't Buy High. Consider Bigger Picture.ETHUSD update: New all time high established at 1225 as price backs off into the mid 1100s. When markets runaway, the best thing to do is evaluate the bigger picture to get a better sense of perspective and risk, not get carried away by euphoria. In this report I am going to highlight the next proportional target as well as relevant support levels.
Elliott Wave offers a way to categorize market movements and provides a framework to help anticipate how the herd is likely to react next. I am always aware of wave counts, but I do not write about them unless they are worth noting in order to avoid confusion. Now is one of those times worth mentioning where this market is in terms of wave count.
At the moment, this market appears to be in a Wave 3 of a broader 5. This price action is typical of a wave 3 since it can never be the shortest wave according to impulse wave rules. This also means the next retrace will be a sub wave 4 and likely unfold in some form of narrow range triangle before breaking out and completing 5 of 5 waves. This serves as a broader road map, and is not an absolute prediction.
The potential support levels for the sub wave 4 can be around the 1000 level (.382 of current bullish swing measured from 640 low) or the 863 to 771 zone (.618 of same bullish swing). These are the levels to evaluate for smaller time frame price reversals that can lead to the next bullish wave which has the proportional target of 1385 (2.618 projection measured from 492 low).
Buying highs is a high risk behavior, while locking in some profit is a best practice, especially in markets that go vertical like this one. IF the current candle closes in this configuration (a bearish pin bar) that warns of further selling and can be the beginning of the sub wave 4 retrace.
In summary, there are always more opportunities in these markets and no need to be emotional about missing out. All markets retrace and offer more opportunities at much more attractive reward/risk ratios. The next significant retrace in this market still offers an attractive buying opportunity for at least one more leg higher before it is reasonable to expect a much broader correction based on the current wave count. The best thing you can do is be patient and keep an eye on the bigger picture because it helps you anticipate the herd and not react to it.
Comments and questions welcome.