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Wavetheory

$BNB wanting to hit new highs this month? This week? March is a notoriously bearish month for Bitcoin and cryptos in general so its no wonder the bulls came out swinging like, "It's March, and? This is life now" and I love it. I am a believe that Bitcoin is not going to have another bear market and instead continue to go through these market cycles at the speed of light. My analysys on $BNB , when I noticed it followed the original waves I drew, the red ones being triple combo triangle waves, the purple are correction waves and the yellow are impulse waves which is what I believe is going to happen next. I find Elliot Wave Analysis to be a very accurate price predictor in all the time I have used it. RSI very bullish with lots of room for growth It is hard to see but the conversion line has been rallying back about the base line. All this consindered, I am thinking that if you are not in BNB yet that today, March 9th its possible you could catch some coins for 240/250 because it looks like it will be taking a small dip over the next day or two. After that we are going for 300, and then 340! If you like my idea please give me a like and comment and follow and all that awesome stuff!
Long
by EchoPhoenix
BTC Wave Analysis Theory - I like to use history to predict future wave patterns. - I fully understand that it is very unlikely that history always repeats. - This chart took me five minutes to make. - The point is to point out that we are still early in this bull run. - I expect not the same wave patterns to play out. There is good probability it could look something like this. - This theory is based on the moving averages & historical wave pattern of BTC. BOLD PREDICTION FOR BTC 2021 - Ath may come sooner than most think. Indicated in the chart. This is not a price prediction! Feel free to leave any comments. I would love know what other people are thinking. Oh and if you like drop a like.
BNC:BLXLong
by AthenticWhale1
4
''The Great Gartley Controversy''Here is a link to Scott Carney's own web-page, supposedly something he has written himself: harmonictrader.weebly.com I want to outline something interesting here. I quote from the article above: '' It is important to note that there are others who have assigned different Fibonacci numbers to the framework of the Gartley Pattern. However, they have used a variety of Fibonacci numbers at the D points, essentially labeling any AB=CD pattern as a Gartley if it completes at a 0.618 or 0.786 without regard for the precise alignment. This has created much confusion among the technical community and it has challenged the reputation of the pattern. '' Before going further into this, I also want to note a key takeaway from this quote. When he says that there are ''others'' who have assigned different Fibonacci numbers to Gartley patterns, he is talking about Larry Pesavento. Before ''The Harmonic Trader'' was released by Carney in 1998, Pesavento had already published books on the subject in 1997. It did not take Carney long to trademark harmonic patterns thus eliminating Pesavento's chances of ever mentioning it again. In the article above, Carney talks about people spreading misinformation, when in fact it turns out he's actually the one doing it. He went on to market it, and of course the brokers loved it! So enough about all this controversy.... Lets look at the chart! Here we see what appears to be a Gartley pattern formation with a completion at the 0.618 retracement! I wonder what Carney has to say about that? Should you wait for the 0.786 retracement to enter as the mainstream harmonic trading strategies suggest? Pesavento simply explained that what we are looking for is golden triangles Carney makes it very complicated. What are your thoughts on The Great Gartley Controversy?? Leave a comment below
BITMEX:BTCUSD.P
by MikulovicFOREX
1
Dollar Index Strength and USDJPY Targeting 106.800Hello Fellow Trader! Dollar Index Strength and USDJPY Targeting 106.800 DXY – US Dollar Index 6 month sell off due to FED stimulus and investors seeking larger returns from the equity market has possibly found a short-term floor. In September, DXY has already risen 1% and has more room to move technically as it eyes off 106.800. Key Points: - Price holding above the 200 EMA - Price holding above the 50 EMA - Price finds support at Fibonacci 50% of September range - Support cluster with trend line - The 50 EMA may be violated before the next move up. This is not a reason to exit the trade. - IF: The 200 EMA is met, it is critical to wait patiently for a candle reversal that you have back tested and proves to have an edge with USDJPY. - Optimal entry is the 61.8% Fibonacci retracement level. Key Levels: Support – 105.850, 106.000, 200 EMA Resistance – 106.550, 106.700, 106.800, 106.944 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 105.960 Supporting Entry – 106.060 – 106.150 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below 105.850 level and violates 200 EMA – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry 105.960 – Target 1 106.550 = 4x Reward to Risk Optimal Entry 105.960 – Target 2 106.700 = 5x Reward to Risk Optimal Entry 105.960 – Target 3 106.944 = 6.7x Reward to Risk Supporting Entry 106.060 – Target 1 106.550 = 2x Reward to Risk Supporting Entry 106.060 – Target 2 106.700 = 2.7x Reward to Risk Supporting Entry 106.060 – Target 3 106.944 = 4x Reward to Risk
Long
by tradetheday
AAPLThink AAPL is about to have a big win or lose battle here.... currently in a pretty important supply zone that I think can really have a major impact. If zone rejects, can be a pretty decent slide down. If it gets through, it also has to contend with 304 which was set back in February during the sell off. A break above 304 can give it a really good chance to gap fill up to 313 and also be an extremely bullish indicator. This is getting down to one of those end of day things to watch as the closing price becomes evermore important. At end of day, with overall market health and what price action is doing, there might be potential to enter a short. If it hadn’t broke the recent high the other day of 299, I’d put more risk into whatever trade I make. Because of it breaking above 299, kind of throws some doubt as this is the second time in this supply zone. If price and momentum begin to fade with some divergence, I’m looking for a small short.
NASDAQ:AAPL
by PT_Marche
DISThink this could be another great post earnings opportunity. From being in a chop zone prior to earnings and then earnings accelerating price action to put it right into either a supply or demand zone. Obviously sold off right into a demand zone. This one is a little more "patience" involved as there are two demand zones I am seeing right on top of each other and the after hours market went into both of them, with price pre-market currently popped out of the first demand zone. What I like is that it is in a downward trending channel (so this is against the trend) but I like it because of the potential set up it is presenting. Coming out of the demand zones, I am going to be looking for a retrace back into the top zone to potentially set up a 1 -2 ; (1) - (2) wave count. If the demand zone holds and a higher low is made within the zone on retrace, this can give it a great opportunity to begin a Wave 3 impulse up to power up and out, hopefully breaking the downward trending channel. So, I'll be watching for a retrace back into demand. Likely we could go straight for the channel resistance and if this happens I'll still wait for a retrace. Confirmation of the set up playing out as planned will be a higher low in the demand zone and then a break above channel resistance. First price target will be $104. This will most likely just be a small risk play as the overall market health isn't looking too great in my opinion. If zone fails, and having already entered the second zone around the 97.64 price and that zone failing, the next stop down isn't until 94.
NYSE:DIS
by PT_Marche
4