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
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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
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Don't hesitate to comment and check my other idea
Wavestheory
WAVES/USDT -------> overview of what happenedaccording pic we had 3 group of buyer and seller.
first group were exchanges( you read thief =why? because its one of their way on little market cap currency) they bought almost all of currency on 7-8 $ .
second group were professional trader , they saw what happened and they see the trend were change.
third group were novice trader that were ....
waves had unhealthy movement that exchange made it for 2resons
1- when they buy all of currency on 8 $ , if they sold 1/5 on 40 $ they can take main their money.
2- who take profit with liquidation ? just exchanges and 2 times waves was 3th rank of liquidation!!
i will add too :
when you want to take position ask for yourself 1- how much is the worth of this currency? 2-where we stay? 3-whats market cap and volume of currency?
** the only weapon for traders is MONEY MANAGEMENT **
be profitable.
Ichimoku wave projectionIchimoku 'Wave' forming a nice trade entry into a long position. Due to the sharpness of the wave I have added all wave projected calculations as some Ichimoku traders may see this as a 'V' wave set-up all the way to a 'E' wave.
How I trade this set-up
Aggressive - Enter now and place your stop on the 'C' leg (110.585).
Conservative - Await for price to break the 'B' leg (111.050) and set your stop on the 'C' Leg (110.585). If price drops below 'C' leg trade becomes invalid.
When price hits a projected wave target look at price action and see how price is re-acting to that level. The five lines of Ichimoku will help.
Any conversation around this Ichimoku set-up is greatly welcomed. Please note there is no time frame as to when price hit's these levels, my last trade, which I kept on the chart (Bullish A,B,C wave) took three days to hit my target.