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Wxy

Ripple Party Not Over Yet; Long to $0.60It may seem like the price growth of Ripple is unsustainable, and we may see steep corrections for days to come. However, I believe that we will one more surge before we experience steeper corrections. By drawing Elliott Waves, we see that we are only on wave 4! That means, we have one more wave to go. In fact, we just finished an ABC correction and might even be starting wave 5 already. In this scenario, the price of Ripple could reach $0.65! An alternative Elliott Wave count is that we experiencing a WXY correction, and the price will only dip slightly lower. In that case, we get a target of $0.60. Please note that these targets are relatively conservative; the price could easily exceed these targets. In addition, the RSI confirms our Elliott Wave analysis. We are forming what's called a falling wedge. The resistance line is falling along with the support line. However, the support line isn't falling as fast as the resistance line. That means, there are less and less sellers during each dip in price. When there are no sellers, there is nothing to stop the bulls to start pushing the price higher.
BITFINEX:XRPUSDLong
by aoeuaoeu
Correction for BTC is OVER! Long to 20kThe price of Bitcoin may seem messy, but I drew the Elliott Wave count and now we know exactly where we are. We just finished a WXY correction. In fact, we are on the absolute last wave of the sub-sub-wave. That means the price of Bitcoin could explode any second now. Also, we are hovering over the 1 to 1 Extension at 12800, which is a key support area and the critical point for reversal. The RSI is oversold, and the downward channel cannot last forever. Once Bitcoin starts upticking, you know what happens: the price explodes to the moon!! The price could easily break the all time high! See you at $20,000 or even higher!!! Note: The blue lines represent ABCDE corrections. It would look too messy if I tried to squeeze in all those lines.
BITFINEX:BTCUSDLong
by aoeuaoeu
4
BTC Correction to 12300-14000 Range. Then Liftoff to 20000We recently completed 5-3-5 zig-zag correction (ABC). imgur.com Bitcoin tried to start a new impulse wave, but failed (X) and will likely drop more. We get a target buy zone between 12300 and 14000 using a 1 and 0.5 Extensions from the ABC zig-zag. With a 0.618 Fibonacci retracement of wave 3, we a get buy target of 12950. The price of Bitcoin may go below 12950 down to 12300 at most, but should bounce up quickly if it reaches that level. However, Bitcoin will unlikely reach those levels with so much buying pressure; those targets are just worse case scenario. The correction may take some time, but be patient, because wave 5 should go up a minimal of 3000. We are still in a uptrend, so wave 5 will likely exceed wave 3. We could possibly reach target of 20000!
BITFINEX:BTCUSDLong
by aoeuaoeu
4
BTC Long From 11280 to 12130After the massive uptick to 11400 on Nov 29, we just finished wave 5 and are currently experiencing corrections. However, that does not mean we can't play the bounces within the correction! Right now, Bitcoin is forming a rising wedge, both a small one and a big one. The small wedge will likely break and go down to around 11280, which is the price at the top of the wedge minus the size of the opening of the wedge. Coincidentally, 11280 is also a support level of the bigger wedge and the 0.382 Fibonacci Retracement of wave B (of the second ABC). Bitcoin should bounce of that level and complete wave W, which is should be a 5-3-5 zigzag. That would make the overall correction a 3-3-5 flat. We a get resistance level of 12130 by taking a 0.5 extension of the 12345 impulse of the ABC correction up (purple one). Not far off, we get a higher resistance level of 12300 from the top line of the bigger rising wedge. Some may argue that Bitcoin already went through correction and is starting another impulse wave. Although Bitcoin did already go through an ABC correction, but I doubt that's the end of the consolidation. On the RSI we are seeing a bearish divergence, and the big rising wedge means the price will go down. Also, a 24 hour ABC correction seems way too short for such an impulse that took 2 weeks. Don't be greedy and take your profits at 12130. Don't get FOMO as we can always buy at a better price after the price of Bitcoin dips from breaking out of the rising wedge. We may see a low of $10,000, but it's too early to tell right now.
BITFINEX:BTCUSDLong
by aoeuaoeu
2
Ripple (XRP/USD). Long lasting complex correction.Ripple is trapped within a large complex correction WXY. It is possible that we are now in the wave X unfolding as large triangle ABCDE. Wave E could be over and another drop should follow either to the ending point of wave W (0.127) (blue zigzag) or to the lower level where Y=W = 0.012 (purple zigzag). It looks like banking currency is not favored by cryptoenthusiasts. After correction the pair could hit the previous major top at the 0.39887 mark.
BITSTAMP:XRPUSDShort
by aibek
2
Monero (XMR/USD). Possible Complex Correction.Monero could be in a large corrective structure within wave 4 unfolding as a double zigzag WXY. The price should break below the yellow uptrend support. It could either reach only end of wave W at the 150 mark (blue zigzag) or dip much lower into the area of 120 (purple zigzag). And then we could see continuation to the upside to reach out to the 208.20 mark at minimum to hit the previous top. It is early yet to calc the ultimate target as correction is still underway.
BITFINEX:XMRUSD
by aibek