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BTC- 4 TH WAVE CONSOLIDATION DETAILED STUDYEven though i tried my wave count to convince the BTC bulls, it is not possible for me to deviate from NW rules in time cycles. Wave 4 has to to take equal time as wave 3 taken, if you apply this rule ,we have more time left to finish wave 4, So far wave 'A' of wave 4 completed in 5 waves (wxyxz), therefore wave B will resume fastly ,DON'T assume it as 5 th wave Because after wave 'B', BTC bears will start selling to complete the final wave 'C' until 25th OCT,2021. Since wave A is 5 segmet(motive) waves,the retracement of B is limited to 61.8%(47895)(2nd AUG) Wave C must be of 5 wave down after wave B with a minimum target of 25300. Hence 5 th wave will resume from NOV,21
BITSTAMP:BTCUSDEducation
by selvamB
AXS - A Wave Unique To CryptoIn crypto there is wave structure that doesn't exist in standard elliott wave literature and AXS is a chart useful to show this. Crypto volatility is much higher than markets observed by Ralph Elliott, especially in Altcoins that can be much more volatile than Bitcoin. Higher volatility encourages different wave structure. And there is a wave that only exists in the more volatile; Altcoins. It has 3 sub-waves and is much more impulsive than a conventional 5 wave count. Because it is a 3 wave I use "ABC". It often has a ratio of 1:0.618 from A:C where the C wave is a blow off top. With AXS - the higher degree ABC and the penultimate lower degree ABC both have the 1:0.618 ratio. On the chart: The A wave is comprised of two lower degree 5 wave impulses in a pattern called a "1-2,1-2". The B wave is a standard 3 wave retracement. The C wave is a surging impulse comprised from a lower degree motive ABC. It is much more volatile than the A wave. The penultimate lower and higher degree C waves form a giganteum grand-finale $38 impulse. - A motive 3 wave unique to crypto.
BINANCE:AXSUSDEducation
by dRends35
5
EDUCATION - TOP REVERSAL PATTERNS ⚡At the end of a trend, there is a typically a reversal pattern indicating to us that the trend is about to reverse. There are 3 main patterns that you NEED to know. 1. Double Top/Double Bottom A double top/bottom pattern is a chart pattern that consists of 2 consecutive peaks of similar height indicating that there is not enough buying/selling pressure to surpass the extremes of the price. This leads to a reversal in trend. Double top is a bullish to bearish trend reversal. Double bottom is a bearish to bullish trend reversal. For a safe entry, entry would be after the break of the neck line (the last swing point) which is a confirmation that the it is a valid double top/bottom pattern. Double Top: 2. Rising Wedge/Falling Wedge A rising/falling wedge is a chart pattern that occurs when price is making higher highs and higher lows (in an uptrend – rising wedge) and lower lows and lower highs (in a downtrend – falling wedge). As the pattern progresses in the wedge, the range of the price contracts and is confined between 2 lines which get closer. Price eventually breaks out of the wedge and creates a reversal. Rising wedge is a bullish to bearish trend reversal. Falling wedge is a bearish to bullish trend reversal. For a safe entry, wait for a breakout of the wedge to confirm the validity of the wedge pattern. Rising Wedge: 3. Head & Shoulders/Inverse Head & Shoulders A head and shoulders pattern is a chart pattern that appears as a baseline with three peaks. The outside two peaks (shoulders) are close in height and the middle is highest. A normal head and shoulders is a bullish to bearish trend reversal. An INVERSE head and shoulders is a bearish to bullish trend reversal. For a safe entry, it is often advised to enter on the break of the neckline as that would be confirmation of the head and shoulder pattern. Inverse Head & Shoulders: Do your best to find them in your analysis!
Education
by Altsignals
3
EDUCATION - TOP REVERSAL PATTERNS ⚡At the end of a trend, there is a typically a reversal pattern indicating to us that the trend is about to reverse. There are 3 main patterns that you NEED to know. 1. Double Top/Double Bottom A double top/bottom pattern is a chart pattern that consists of 2 consecutive peaks of similar height indicating that there is not enough buying/selling pressure to surpass the extremes of the price. This leads to a reversal in trend. Double top is a bullish to bearish trend reversal. Double bottom is a bearish to bullish trend reversal. For a safe entry, entry would be after the break of the neck line (the last swing point) which is a confirmation that the it is a valid double top/bottom pattern. Double Top: 2. Rising Wedge/Falling Wedge A rising/falling wedge is a chart pattern that occurs when price is making higher highs and higher lows (in an uptrend – rising wedge) and lower lows and lower highs (in a downtrend – falling wedge). As the pattern progresses in the wedge, the range of the price contracts and is confined between 2 lines which get closer. Price eventually breaks out of the wedge and creates a reversal. Rising wedge is a bullish to bearish trend reversal. Falling wedge is a bearish to bullish trend reversal. For a safe entry, wait for a breakout of the wedge to confirm the validity of the wedge pattern. Rising Wedge: 3. Head & Shoulders/Inverse Head & Shoulders A head and shoulders pattern is a chart pattern that appears as a baseline with three peaks. The outside two peaks (shoulders) are close in height and the middle is highest. A normal head and shoulders is a bullish to bearish trend reversal. An INVERSE head and shoulders is a bearish to bullish trend reversal. For a safe entry, it is often advised to enter on the break of the neckline as that would be confirmation of the head and shoulder pattern. Inverse Head & Shoulders: Do your best to find them in your analysis!
Education
by Altsignals
51
Which High is ACTUALLY HIGHER ? Which Low is ACTUALLY LOWER ?Sometimes a series of HIGHS or LOW have virtually the same PRICE, … So what can a TRADER do ??? First a little back ground, In real simplified terms; The prices printed on the Russel Index (or any Index or stock) represents the Russel’s “intrinsic value” multiplied by the “relative value” of the dollar. Therefor the background price action of the dollar actually distorts the price action displayed on the Russel index which is derived from stock dollar values. Most of the time this distortion is negligible but sometime it’s not, .... particularly when the dollar has big swings or the index or stock is trading sideways or near bottoms and tops. A simple trick to resolve this dilemma is to remove the influence of the dollar from the equation. You can do this in TRADING VIEW by dividing the index or stock by DXY. This will then print for you a closer wave pattern resembling the real intrinsic value / momentum behavior of the underlying Index of Stock. For example: Note the subtle changes on the Russel Index chart pattern from LEFT to RIGHT after the influence of the dollars was removed. Hopes this helps.
OANDA:US2000USDEducation
by wolffarchitecture
3
💨𝙀𝙒 𝙋𝙖𝙩𝙩𝙚𝙧𝙣: 𝙎𝙞𝙣𝙜𝙡𝙚 𝙕𝙞𝙜𝙯𝙖𝙜🌊●●● 𝙎𝙞𝙣𝙜𝙡𝙚 𝙕𝙞𝙜𝙯𝙖𝙜 (SZ or ZZ) ❗❗ 𝙍𝙪𝙡𝙚𝙨 ● A zigzag always subdivides into three waves. ● Wave A always subdivides into an impulse or leading diagonal . ● Wave C always subdivides into an impulse or ending diagonal . ● Wave B always subdivides into a zigzag, flat , triangle or combination thereof . ● Wave B never moves beyond the start of wave A . ● Wave B always ends within the price territory of wave A . ● Wave C almost always ends beyond the end of wave A . (failure to comply with this requirement is called «truncation» * * Guideline, but should be followed as a rule ❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● Wave C should not fail to reach the end of wave A by more than 10% of the length of wave A . ● In a zigzag, the length of wave C is usually equal to that of wave A , although it is not uncommonly 1.618 or .618 times the length of wave A (rarely 2.618 ) ● Wave B typically retraces 38 to 79 percent of wave A . ● If wave B is a contracting triangle, it will typically retrace 38 to 50 percent of wave A . ● If wave B is a running contracting triangle , it will typically retrace between 10 and 40 percent of wave A . ● If wave B is a zigzag, it will typically retrace 50 to 79 percent of wave A . ● In a zigzag, if wave A is a leading diagonal , then we would not expect to see an ending diagonal for wave C . ● A line connecting the ends of waves A and C is often parallel to a line connecting the end of wave B and the start of wave A . (Forecasting guideline: Wave C often ends upon reaching a line drawn from the end of wave A that is parallel to a line connecting the start of wave A and the end of wave B .) Elliott Wave Principal 2005 and Q&A EWI.
BITSTAMP:BTCUSDEducation
by TradeWaves-EWA
4
EOSUSD: A Successful Leveraged Position Guide I was waiting for Doge to reach for 1 USD when I heard that Mark Cuban shorted it! Strange! Right?! There are some important points to be noted here, but I would name it "Probabilistic Mathematical Approach to Trading" as follows (even the Psychologicals of Trading): 1. How Mathematically it was Probable for Doge to grow from 0.77 to 1 USD? 2. Mathematically how much more it could manage to grow - I mean in percentages? 3. We are being told about how risky it is to open leveraged positions. Yes! They are too risky and yet highly profitable. 4. Based on the 90,90,90 Principle 90% of trader lose 90% of their wealth during the 1st 90 days! It is meant to be profitable for professionals who know several things: 4.1. Capital/Money Management 4.1.1. Always save 30% of your available money for things that might happen and you have no idea of. You are going to need that money: 4.1.1.1. Firstly, your prediction on the direction in one certain "TIMEFRAME" might turn to be wrong. Then based on that timeframe you may spot some part of that money. 4.1.1.2. When things go wrong you will not go bankrupt. 4.2. Risk Management 4.2.1. You need to "CALCULATE" Risk/Reward Ratio just before any trade based on you Trading Timeframe. It cannot be more less 1/4. This is very important to consider. 4.2.2. Just consider KEY SUPPORT/RESISTNCE Levels/Clusters - Dynamically & Statically (short near a strong Resistance & vice versa) 4.2.3. With a certain amount of money which has already been dividend into say 3 parts you may Long as follows (see the chart): * For every position calculate the Risk/Reward Ratio; - Long at the current Market Price with 3 - 5X : price needs to drop 30 - 20% for you to be liquidated. I longed EOS at 3.29 yesterday. (targeted at 20USD) - Set a Stop-limit long at a lower price which is overlapping at least 5% of your previous position. I longed EOS at 2.6 as well. (targeted the same) - Propose the Worst Case Scenario now long it with 3 - 5X. How possible is it to happen? I longed EOS at even 1.34!!! (targeted the same) This is "Technical trading Mathematics" I am talking about. 4.3. Psychologicals of trading 4.3.1. Psychology of Trading is a SCIENCE. You do need to study about it. Observe the behavior of your specific property. 4.3.2. The market is being Manipulated and has been so ever. There are people whose profit lays in your loss. But, exactly, how powerful are they to impact a specific property?! But the most average & common that has higher turnovers during certain periods of time. Market Cap/Turnover during a certain time interval. 4.3.3. When you are assured that Bitcoin is the most frequently traded one, for example, then you need to know exactly based on the timeframe you have chosen, how much it can be fluctuated?! For instance, in 4H timeframe basis. You need to know the extents of your chosen time frame. How probable is it to lose all the money? How probable is it to earn enough to not only compensate probable losses, but also earn much more? 5. Last and not the least, is Reverse Trading Strategy. Earn from long and then earn from shorts when it is the time to do so based on your Tradin Timeframe. I do believe this way there would be no loss if you know the followings in summary: 1. Mathematically Trading 1.1. Money Management 1.2. Risk Management 1.3. Psychologicals of Trading 1.4. Technicals (the choice of trading time frame; the Elliots; Key Dynamic/Static Support/Resistance Clusters; Volume; Trendlines & Price Movement Channels) Now, a question comes to mind: If my scenario is going to work for EOS how much loss and/or profit I will have? Provided that out of my calculations applied in sample trading positions mentioned above I win/lose one or two?! Always remember that you need a predefined Investment/Trading Portfolio Management Plan which requires the followings (PMI PMBOK): 1. Knowledge Areas 2. Processes 3. Tools & Techniques Some positions are meant to be considered "diamond handed" like a routine business operation, yet some others need to be like BPR Projects and they need to be timely & agile. (This is a tricky business cause it has its roots in human greed & fear.)
BINANCE:EOSUSDEducation
by Morteza-Emzajerdi
3
The 3 Types of Traders. Who Do You Belong To? 🤔 There are thousands of different ways to trade the market. During the last 100 years, various trading strategies and techniques were invented. One of the ways to categorize them is to split them by types of traders. Such a category type will lean on 2 main elements: trading frequency and time frame selection. 1️⃣ - Scalper I guess 99% of newbie traders start from scalping. Trying to catch quick market moves and become rich quick, newbies are practicing different scalping strategies. What is funny about scalping is the fact that such a trading style is considered to be the easiest by the majority while remaining one of the hardest in the view of pros. The main obstacle with scalping is a constant focus and rapid decision-making. Scalpers usually open dozens of trading positions during the trading session, most of the time being in front of the screen constantly. Paying huge commissions to the broker and dealing with complete chaos on lower time frames, the majority simply can't survive the pressure and drop, leaving the pie to true gurus. 2️⃣ - Day Trader Day trading or intraday trading is the most appealing to me. Staying relatively active, the market gives some time for the trader for reflection & thinking. Opening and managing on average 1-2 trades per trading session, the intraday trader is granted a certain degree of freedom. However, with declining volatility, quite ofter intraday traders get a relatively low risk/reward ratio for their trades, 3️⃣ - Swing Trader Swing trading is the best choice for traders having a full-time job. Primarily being focused on daily/weekly time frames, swing trading is not demanding for a daily routine and aims at catching mid-term/long-term market moves. With an average holding period being around 2 weeks and opening 1-2 trading positions per week, swing trading is considered to be the least emotional and involves low risk. The main problem with swing trading is patience. Correctly identifying the market trend and opening a trading position, the majority tends to close their positions preliminary not being patient enough to let the price reach their target. Which trading type do you prefer? ❤️Please, support this idea with a like and comment!❤️
COINBASE:BTCUSDEducation
by VasilyTrader
39
EDUCATION - Candlestick Cheat Sheet ⚡⚡One of the most powerful tools in your trading arsenal should be candlestick patterns. Various candlestick patterns can tell us where the market is heading. These patterns can be found on all timeframes, however the Daily candlestick patterns appear to be the most reliable. Once you see these patterns, you can ready yourself for the next move and use other tools to enter the market such as flag patterns, MA strategy - which we've covered before (See linked charts).
Education
by Altsignals
1
EDUCATION - Candlestick Cheat Sheet ⚡⚡One of the most powerful tools in your trading arsenal should be candlestick patterns. Various candlestick patterns can tell us where the market is heading. These patterns can be found on all timeframes, however the Daily candlestick patterns appear to be the most reliable. Once you see these patterns, you can ready yourself for the next move and use other tools to enter the market such as flag patterns, MA strategy - which we've covered before (See linked charts).
Education
by Altsignals
16
Elliot Waves Complete Guide | Chapter 4.6 - "ABC Fib Lengths"Hello Traders. Welcome to Chapter 4.6! This is FINAL CHAPTER of my Elliott Waves series that took me 6 months to create starting from chapter 1. Here we will finally conclude with learning about the "Fibonacci Ratio Lengths for Corrective Wave Multiples". In the previous sub-chapter, we learned how to apply Fibonacci lengths for waves 1-5, now we will learn how to apply them to A-B-C corrections. This chapter is related to chapter 3.1 (corrective waves), so it would be best to re-visit or master that chapter first. 📚 Chapter 4 Glossary: 4.1 Alternation 4.2 Channeling 4.3 Psychology 4.4 Fib-Ratio 4.5 Motive Wave Multiples 📖 4.6 Corrective Wave Multiples ----- Corrective Wave Multiples for an A-B-C Correction Overview "How to Calculate the wave lengths for waves ABC" 1) In a Zig-Zag correction (go back to chapter 3.1 if you don't know what a zig-zag correction is), the length of wave C is usually the same length and equal to that of wave A, as shown in Diagram ①. But other ratios like the 161.8% (again, commonly referred to as the 1.618 fib) or the 61.8% (.618 fib), also happens within its structure for determining the length of wave C. 2) This specific ratio can also be applied to the first and the second zig-zag in a WXY 'double zig-zag correction' that can be seen in Diagram ②. 3) In diagram ③, we have a flat correction that can also be measured via Waves A,B,C - which are quite equal; however, the extended flat correction from the beginning of Wave B to Wave C has different ratios applied. In this case, wave C often represents the 161.8% (1.618 fib) extension of wave A. NOTE: the concept of measuring the waves should always be the second part when analyzing the markets. Do not expect to correctly measure a target for a wave, if the overall count is not valid and rules were broken. The fibonacci numbers are complementary applied to the Elliott Wave theory. THANK YOU! Refer to every chapter below, and happy learning. In future posts, we will be learning how to apply them in a PRACTICAL sense to the real markets! But first, we must memorize these chapters by heart as these chapters are the foundation to the whole Elliott Wave Theory. Trade Safe. X Force
BITSTAMP:BTCUSDEducation
by XForceGlobal
143
XBTUSD The Theory of the Wolfe Wave : The theory of my Wave structure is based on a law of physics that for every action there is an equal and opposite reaction. This action/reaction often shows a definite rhythm with extremely valuable projecting capabilities to the trained eye. Many times however, little waves mix with larger waves and the waters become muddied. Sometimes everything is in synch and you will get a rogue wave effect similar to what occurs in the oceans of the world. These can be extremely profitable in the futures and stock market. On the following two pages, you will find the rules and the theoretical, bullish and bearish Wolfe Wave structures. Rules for Bullish Wolfe Wave Structure : Please not the odd sequence in counting, as you will see, it is necessary for the inductive analysis. By starting with a top we are assured of beginning our count on a new wave. The 2 point is a top. The 3 point is the bottom of the first decline. The 1 point is the bottom prior to point 2 (top), that 3 has surpassed. The 4 point is the top of the rally after point 3. The 5 point is the bottom after point 4 and is likely to exceed the extended trend line of 1 to 3. This is the entry point for a ride to the EPA line (1 to 4). Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of extended trend line of 1 to 3 and extended trend line of 2 to 4. Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3 and 2 to 4. Trend line of 1 to 3 and trend line of 2 to 4 must converge.
BITMEX:BTCUSD.PEducation
by Satoshi_Magnet
2
TOTAL 2Days Cycles Hello Traders As you can see in the chart above, every red circle represents an important area in my opinion. As it is seen candle bodies in 2D chart are somehow important. When price is closed lower than a lower line (blue lines in each area), or above an upper line (yellow lines), it continued its way in that direction, almost sharply. This point of view may be used in further areas found in 2D TOTAL chart. ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the like button and follow me so that you won't miss the updates. The information given is never financial advice. Always do your research too. Good luck.
CRYPTOCAP:TOTALEducation
by Crypto_MD
Elliot Waves Complete Guide | Chapter 4.5 - "Fibonacci Lengths"Hello Traders. Welcome to Chapter 4.5, where we will be learning about the "Fibonacci Ratio Lengths and Motive Wave Multiples" in Elliott Waves. This chapter dives into how we can determine the target for the next impulse wave. This one is an extremely important chapter if you want to primarily find the next possible targets for each consecutive wave. I have made sure to simplify it as simple as possible. 📚 Chapter 4 Glossary: 4.1 Alternation 4.2 Channeling 4.3 Psychology 4.4 Fib-Ratio 📖 4.5 Motive Wave Multiples 4.6 Corrective Wave Multiples ----- Here are the ratios for the waves: • Wave 1 - Has no target, this is the beginning of the wave structure for wave 2-5. • Wave 3 • 161.8-261.8% extension of wave 1 • There are cases when the 261.8% extension goes past this level (Extension wave within the extension wave - please refer to the guide below about extensions: • Wave 4 • Wave 4 is related to Wave 3 that will retrace to either the 23.6% or 38.2% • Wave 5 • 100% of wave 1 • 100% of wave 3 • 61.8% of wave 1-3 • so forth. - Wave 5 is usually the most difficult ones to calculate as there are variations due to possible extensions as we can see in waves 3 or 5. Wave 3 is the most likely to be extended, and if so, Waves 1 and 5 are probably going to be similar in size and time. If waves 1 and 3 look similar in size, wave 5 will most definitely be extended.
BITSTAMP:BTCUSDEducation
by XForceGlobal
46
Basic Elliot Wave - EducationalThis post is intended for educational purposes only. SCUSD is one of the better Elliot Wave examples I've seen and in my opinion a good use case for the theory. The aim of the post is to share some basic notable points to look for when trying to establish likely scenarios or just review what has happened in a previous impulse and subsequent correction(s). Firstly, EW does not predict the future. Any analyst claiming a 100% accuracy is more likely to have access to a time machine. Patterns take different routes, waves extend and fail, and corrections can transform into a complex uncountable mess. However, the theory has its benefits and can be useful to determine where an asset is in the trend and the likely price & time targets for a future move, whether up or down. Looking back on the case of SCUSD, a list of the notable points mentioned earlier: 1. 5 waves from low to high, clearly visible and difficult to misinterpret a. 3 in the direction of the trend (impulses) and 2 against the established trend (corrections) 2. Alternation between the two corrections (wave 2 & 4) a. Wave 2 was deep at 61% or the initial impulse b. Wave 4 was shallow at 38% at took less time to complete than wave 2 c. Second waves will often have deeper corrections because it's early in the trend. It's simply harder to identify whether the asset will trend or not 3. Wave 3 is 161% of wave 1, a typical extension found in a third wave a. Third waves are typically the longest and will have a much higher participation rate than any of the other waves b. Usually, there's a lot of good news around an asset in third waves, and trend chasers are good at identifying these moves c. As mentioned the participation rate is high and this is clearly visible in the volume exchanged 4. Wave 5 is 61% of wave 1 & 3 combined. There are a number of ways to anticipate the length of a fifth wave but the length can vary based on the asset class a. Fifth waves typically have less participation. Traders tend to take profit in the third when volumes are high and the asset is loved b. Fifth wave participants tend to be retail traders that are late to the party and expect the asset to continue in one direction "up only" c. Notice the difference in Relative Strength (RSI) between the peaks of the third & the fifth. It's rare to see more strength in a fifth wave because of the aforementioned d. With big players out of the market the strength and volumes exchanged during a fifth rarely meet that of the third 5. The wave 2 & wave 4 trendline. Once broken, the new trend is confirmed a. Note, this is not something one wants to wait for confirmation on because price will most likely have already retraced 50+% 6. Bear! The first wave (wave 1) of a higher degree is now complete and so commences wave 2 of the higher degree a. This is not something one would enjoy sitting through. As mentioned in the wave 2 of a lower degree, second waves tend to be deep and take a lot of time b. You can expect a 61% haircut and in the case of SC, that's exactly what happened. c. A wick below and close above on a high timeframe is perceived bullish. This can be expected and a point where traders will be hoping to get some lucky bids filled. d. Expect bad news during this period. The trend will only change once the bad news has no affect on the price, usually once everyone has been flushed out. 7. Correlation in time between the initial impulse and the subsequent correction should be noted. In the case of SC, multiple conditions have been met. a. It has retraced 61% of the initial impulse b. There is a one-one (+/-) correlation in time of the impulse and correction c. Time is too often overlooked. Time and price are the two data points you have by default on a chart. You're missing out if you're using one and not the other d. Wave 2 typically takes a lot of time to complete but provided it has completed at least 38% in time of the initial impulse, the condition of time is met e. Aiming for 61-100% of the initial impulse, and considering price action during that period is a decent approach 8. Resumption of higher degree trend after conditions are met. a. After a first and second wave is complete, the expectation is a third wave. b. A good target for a third wave in the case of SC would be 161% of the first impulse measured from the end of the second. 9. Can you be sure that even if the prior wave 1 high is broken that SC for example is going to complete five waves? a. No, just because an asset is moving upwards does not mean it's a 5 wave (higher degree) impulse. It is also possible that the entire move is a correction (e.g. 5-3-5) b In this case, a likely take profit target could be a one-one extension of the first wave which explains why you will often see selling at price points like the one-one ext. 10. If you made it this far then well done. Hopefully you'll take something valuable away from reading this post or maybe this isn't new information to you and I missed something / mentioned something that is not correct. Let me know in the comments. Good luck out there!
POLONIEX:SCUSDEducation
by MM-Charts
6