What if BTC is going to 9000? What if it will go to 3500?BTC Wave Count is suggesting that there is a possible Extension in play for Minor C (red) within Minute III (red).
9000 Levels represent 100& Fibs Extensions of Minors A & B (red) and 150-161.8% represent a possible Breach of 9000 Levels which would indicate that there is a major sell-off in play which could reach the 3500 bottom.
Is this realistic? Does it make any sense?
I think so! BTC needs a solid pull-back before moving higher than 40-50K.
Even has potential of topping a 100K this year, is that realistic? Why not!?!
9000 Levels to be watched closely for reactions.
Wavecount
ETH headed to new highsMy Elliott Wave Analsysis has ETH in minuette wave (v) of minor wave 3 of intermediate wave (3) of primary wave . Last night I posted targets for minuette wave (iii) , which it hit today. Then we were looking for a 38.2% retracement to the level of subminuette wave iv of (iii) and we got that move as well. From here we should see new highs before another pullback to the area of today's lows in interemdiate wave (4). In other words, expect some intermediate term choppiness for ETH, but new highs along the way until primary wave tops.
BTC DIAMONDS/PERFECT ABCD PATTERNIt looks like btc has just finished Wave A of its correction, I expect to see a bounce to the the 0.618 fib line of the fib retracement for wave b and down to the support trendline just below 0.618 of the fib extension for wave c. Long the break of this pattern for certain profits.
MaidSafe possible Elliott Wave CountThis is one probable Elliott Wave Count. If this is correct we could see MAID to reach the long term wave 5 in November. Price bounced from the uptrend line. RSI confirmed price reversal and we got potential for up movement.
Let me know you feedbacks, and don't forget to comment here if you want to say something.
Don't forget to subscribe for regular updates. Thank you!
GBPCHF – Bearish Primary 5 – Trend ReversalGBPCHF Structure developed a Complex Pattern, hence the reason why I think the Correction since Brexit and Flash-Crash is almost complete.
If correct, then I would expect a 1800 pips drop in GBPCHF in order to complete the entire Cycle.
Since Oct 2016 GBPCHF has been trading in a range, more exactly in a Complex Corrective Structure, a Double Three, which is about to end its shelf-life and pave the way to the next Impulse.
*Daily and 4H Charts Analysis, Projections, Wave Counts and Entry Levels available for our Members.
BTC Market Near the Top End of Elliot Wave 3 ApproachingAccording to EWT if W3 is to be a 1.68 extension of W1, it should be ending near the 8k... Two options either BTC just started correcting before the fork (which I doubt) or it will continue rallying just to heavily correct right after... Following fib retracement rules, counter trend wave 4 should take us back to the 6k price levels... A thing worth noting, notice how every time BTC corrected on the daily it was always after a complete TD Setup (Tom Demark Sequential), yesterday was a 9th.
BULLISH on OIL: Expect Choppy Rallies Through 2017Last week, oil broke out of a triangle and is holding its high base on the lower time frame. Look for bullish price action to continue. I'm anticipating choppy moves as price touches confluent harmonic levels. If price is unaffected by these levels, strong bullishness is likely to continue. Updates to come.
EURGBP - Seeking Wave B to Complete before Impulse CTechnical indicators look good for a reversal once Wave B completes. Price Action is entering oversold territory around a .382 retracement of Wave A.
Rules:
IF wave B hits at least a .382 retracement AND RSI indicates oversold AND a reversal pattern/candle reveals itself,
THEN look for impulse C leg to retrace 1.0 the length of Wave A, taking profit 1 at .681 and profit 2 at 1.0.
One caveat to this idea is that fundamentals for EUR are strong while they are poor for GBP. In the short term this may cause a farther retracement to around .900
Disclaimer: My ideas are my own and not intended as investment advice.
Good luck!
CADJPY Wave Count On Monthly chart Cad Jpy is moving inside a Diagonal / Shrinking Wedge .
Pattern is ABCDE
Now at this moment we are near to finish it last part "E"
Pattern Through out the Wedge was 3 3 3 3 3 for ABCDE
E =abc too
We will finish up E up wards at 95.00 Area .
I m Long by all means till 95.00 .
Elliot Wave By mazchaudhry
Equities Topping? - Global DOW Index & Wilshire5000 - E-WavesThis is not my work, just sharing for investors with exposure to Equities & Stock Market Exposure.
You can find the originals and others, including daily/intraday very short term "squiggle counts" here: danericselliottwaves.blogspot.com
Wilshire 5000 Monthly Elliott Wave Chart: 2.bp.blogspot.com
Wilshire 5000 Daily Elliott Wave Chart: 3.bp.blogspot.com
Global DOW Weekly Chart: 1.bp.blogspot.com
Copper Outlook: Lull Before RallyAt the request of one of our TV traders, here is my outlook on copper. I like it long, but I want to see some retrace or a basing pattern before continuation. Afterwards, a bullish impulse will be the key factor in taking a long position with a SL below the root of the continuation.