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Wolfe-wave

BTC Still correcting, short lived bull runBull flag only half complete? Moving towards point 3 of giant Wolfe wave? Also we have not retraced back yet to 50-62% for a corrective wave. I suspect a short lived bull run back towards the historic resitance trend line then back down to $8000-9000 I traded the corrective wave to have a (5-3-5) ABC (5-3-5) pattern and we seem to be in the ABC pattern now of the corrective wave / bull flag Estimates Target entry $8000-$8800 beginning of March Target profit $14500 March mid to late March First image shows in violet what i hope will be the path of a Wolfe wave leading us to a reversal into wave 2 of a larget Elliot wave Lets add a little head and shoulders maybe?
COINBASE:BTCUSDLong
by KondrackiKarl
BTC bull run pushed by Elliot Wave, Wolfe Wave, Bull Pennant Lets assume that since the bottom We have seen a major Elliott Wave forming and we are in the firs major corrective wave. In the first wave we have seen 5 sub waves and are currently in sub wave C of the corrective wave Its possible that we will see a massive Wolfe wave push us up into a reversal pushed up further by a massive bull pennant forming Following Elliot wave theory the corrective wave is supposed to retract 50-62% which would put our estimated entry between $8400 - $9100 Feeling very bullish for the near future. I am just learning and sharing idea's hoping to learn more
COINBASE:BTCUSDLong
by KondrackiKarl
Will LTC outperform BTC in the short term?BTC/LTC prediction I have been watching the price of BTC and LTC lately as they went through a bull flag while comparing BTC to LTC during the fluctuations and noticing that LTC has been pumping harder then BTC lately which makes me feel LTC will outperform BTC in the short term. If BTC and LTC move towards a double bull flag Wolfe wave then we can see the same pattern in the BTC/LTC valuation. Of course I feel that the BTC/LTC chart doesnt follow the same patterns. I am just learning and sharing idea's hoping to learn more With the idea that BTC will hit $11200 and LTC will hit $240 I estimate that we can see LTC go for Target 1 0.021 Buy back in 0.0205 Target 2 0.02175 BTC
Long
by KondrackiKarl
BTC - possible end of the major correction (H4/Daily)Hello All! What looked like an almost free fall at certain point today for BTC is currently halted. The price re-tested Dec 2017 lows and bounced back being supported by really high stopping volume at point 5 of the grand Wolfe-wave. However, it is hard to say if this is really the long-awaited end of correction or just a dead cat bounce - in the last case, BTC is likely to re-test strong demand zone at 9k which had already provided the base for the previous major move before (purple WW in the bottom left corner).
BITSTAMP:BTCUSDLong
by OceanBlue
2
Bitcoin in a Wolfe Wave pattern - Elliott Wave & beyondBTC in a possible WW pattern. Market eyes line 1-4. Technicals of WW: 1 - Points 1-2 should be FARTHER apart than points 3-4 2 - Point4 should exist WITHIN the range of Points 1 and 2 3 - The lines defined by these points should be referred to as Line 2-4 and Line 1-3 4 - Line 2-4 and Line 1-3 should CONVERGE always 5 - IF Lines 2-4 and 1-3 converge DOWNWARD (as in this case), expect a significant rally to occur ONCE price reaches point-5 (RARE), or Point-5' (MOST COMMON) - This would constitute a BULLISH WW 6 - IF Lines 2-4 and 1-3 converge UPWARD (opposite to this case), expect a significant rally to occur ONCE price reaches point-5 (RARE), or Point-5' (MOST COMMON) - This would constitute a BEARISH WW 7 - A NEW line should be defined, connecting Point-1 and Point-4. a) Points 1-2 are connected by a zig-zag ( a simple a-b-c pattern in this case) and points 3-4 are connected by a flat 3-3-5 INDICATORS confirmation: 4hr MACD bullish divergence WW Model eyes line 1-4.
BITFINEX:BTCUSDLong
by IamCryptoWolf
6
XRP bullish setup (m30/H1)After tremendous bullish run, Ripple entered correction phase and formed another Wolfe-wave. Really high stopping volume at points 3 and 5 are confirming the validity of the pattern. It is possible that the price will retest the recent low and will form double point 5 or even get to the indicated support line. If this is the case, it'll form another wave which is still bullish in nature. If not, the price will stay within indicated blue pattern and will continue the already established uptrend.
Long
by OceanBlue
THE IMPORTANCE OF VOLUME ANALYSIS: Part IIThe wave is currently finalized and is working as planned: I ended the previous post pointing at the lack of the volume required to confirm trend reversal at supposed point 5. And in fact, for quite a while the price kept slowly drifting up and down without substantial moves in any direction. This situation lasted until bearish volume spike on 07/11 that initiated real trend reversal. It is also necessary to point out that though that spike was only medium in nature, but the change in its volume compared to previous data was sudden and drastic. Later the volume changes were driving the price accordingly up and down, but most importantly the local bearish trend was established and continued successfully. Currently, the price is close to the crossing of the line 2-4 at which volume dynamics should be carefully monitored as this may provide a good tip if this is really the end of the analyzed downtrend. If you have any questions, feel free to ask in comments or PM me.
OANDA:UK100GBPEducation
by OceanBlue