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Waves

1W BTC Candlestick and Wave AnalysisI continue to be bearish and, by all my logic and knowledge, think that this market has been heavily manipulated since the Genesis bankruptcy. Just think about it. The moment when the biggest crypto lender needs to liquidate their assets, the price goes up. Also, if you follow the social metric, you know that creators of the crypto content are struggling to get new views. And then, we have Elon changing the Twitter logo and pumping the DOGE, and the last time he did it, he pumped and dumped it for a BTC, which no one seems to remember or even realize. But let's bring some chart analysis into it. We first need to consider a gap in the VPVR on the right. This is the chart of almost a year's worth of weekly candles, and that gap means that the price shot up without significant volume to create support anywhere above 25k. Next, we have three weeks of consolidation, shown by long-legged Doji and two spinning top candle patterns. The last week was bullish. It retested the upper Bollinger band, and as we can see, this one is bearish, which means it got rejected, but keep in mind this one has yet to close. Last but not least, we can see a ribbon closing to a reversal on the ribbon in the waves indicator. If you reduce the timeframe to 5D, it has already painted the local top. Supported by the fact that the grey wave, which indicates the aggression or the speed of trading if you like, is approaching the zero line, which means the trend is reversed from bullish to bearish, excluding the fact that everything in me screams: "BUY," I will not do it. I cannot predict the manipulation though I can see it and react to it thanks to my indicator, so my conclusion is: "Do your homework. This one is mine."
Short
by RockinHood
4
#Storj LongIn the previous post, I mentioned that if a lower ceiling is reached, a short trade can be entered, but this did not happen. He was in a motivational wave and hit the ceiling. This wave can be wave 3 or C. Therefore, I expect it to break the price range strongly. Otherwise, he should modify the dynamic trigger again until the floor is higher, which I think is unlikely. This small wave 3 is from the lower level of the big corrective wave 2. In the weekly time, important resistance levels have been identified that can be the targets of this currency.
Long
by alikze
ETH - While the masses are BULLISH, Elliott tells you to SHORTTTHey guys, Been a long time isn't it? I'm back for new analysis. Don't worry, the bull rally isn't over, we are just shorting hard in order to have a 50% of bullish variation just after. I will upload my Elliott Wave long term vision for the different chart that I analyse: SP:SPX ; NYMEX:CL1! ; COINBASE:BTCUSD ; COINBASE:ETHUSD ; FOREXCOM:XAUUSD I will explain how I count my waves and I found my objectives FOLLOW ME TO NOT MISS ANY OF MY FUTURE PLANS * * BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way, Contact me in private, or in comment if you don't have enough reputation point if you are interested * * Don't hesitate to comment and check my other idea
COINBASE:ETHUSDShort
by ModTrades
4
Updated Dow Count Looking at 2 scenarios but leaning towards crash wave 3 of 3 being at bat or warming up and getting ready to step up to the plate. There’s an alternate count should the confluence of red lines fail to cap this rally and a horizontal white line in the sand indicted which if exceeded would force a change of view to this is a larger bear rally in play. We’re close to the markets showing us which way this will go. Previous count invalidated, but if the current count holds true, it’s forecasting a 3 of a 3 wave in an extension. Meaning a crash isn’t far off now.
TVC:DJIShort
by WavesPatternsCandlesIndicators
1
NZDUSD ELLIOT WAVE BREAKDOWN (FINAL POSSIBLE DROP)NZDUSD is currently at the finish of wave 2 which happens to contain a complex correction (WXY) based on Elliot wave principle as you can see from the picture above. Wave C which should contain 5 subwaves ending the overall wave 2 is about to be played out. Let see how it plays out... Trade Idea: - Watch for a break of the red trendline for confirmation - Enter with stops below price - Targets: 190 pips Goodluck and as always, trade safe!
Short
by Ifeanyichukwuxx
1