Wxyxz
Universal Expansion: BITCOIN Ultimate Forecast - PART 2!Hey Friends
Just a reminder: D4rkEnergY is the stuff in the Universe, that makes space expand - and even accelerate. This is an unstoppable force!
We still don't know what Dark Energy exactly is - even Einstein thought the Universe was static. Further, observations made by Edwin Hubble in 1929 showed that the universe appears to be expanding and not static at all. Einstein reportedly referred to his failure to predict the idea of a dynamic universe, in contrast to a static universe, as his greatest blunder.
When Hubble later on became a telescope, science could finally prove that the Universe wasn't static or contracting (as many thought at that time), but in fact was expanding AND accelerating due to the red-shifting of a stars and galaxies.
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Therefore: D4rkEnergY doesn't have enemies. He only has admires. Even the people who hate in the comment section, who once in a while rush to write bad stuff about him when he once in a while is wrong (like the last post) secretly likes him! Yes, D4 is not afraid to admit, that he makes mistakes! Don't get him wrong.
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To The 3D BTCUSD Chart - I have here given you a bigger overview, what I think we can expect to see from BTC. Remember this is a forecast - and we should NEVER stick to a fixed narrative. We should always be able to adjust, when things are pointing in another direction.
- We had our Bull Run last year (Elliott Waves 1-5)
- Hereafter we are in a triple three corrective structure WXYXZ (11 wave structure)
- Right now we are about to finish Z, which probably will consist of ABC
I will make an update shortly, where we zoom in, and take a closer look at the different scenarios, so we can make some money together! That's why D4 is here - for you!
-D4 Will Guide You <3
possible path for this corrrection this weekendPossible path (imo the most logical) volume is low and bitcoin is very slow in correction waves especially when it is in the weekend.
This correction would fit in nice in the bigger picture. pls also check my wxyxz correction i charted in august.. press play and enjoy.
I will put the link in here
D4rkEnergY With The ULTIMATE BITCOIN Forecast - Must see!Dear Friends!
D4rkEnergY knows that it is tough times for all of us - We have lost 25 B USD in the Global Market Cap within 1 week - that is 1/6. We are down at 117 B USD - Just a reminder - we peaked at 800 B USD 11 months ago.
On top of that, the traditional markets (US Key Indexes) are struggling (Japan, China and Europe even more). Even though we have real estate crisis around the world, crude oil taking massive hits, and Dow Jones are very close to enter a bear market territory, I'm convinced we can postpone a Market Crash 1-1,5 year. For more info look in my video below.
BUT, BUT, BUT... D4 is optimistic. We have some interesting event coming up next year:
1. Bakkt
2. SEC ETF VanEck Approval?
3. And most importantly: Fidelity, the world’s fourth largest asset manager with 7.2 Trillion USD assets under management go into crypto.
Conclusion:
When it comes to my TA and taking the above mentioned events into consideration, I think the scenario I've illustrated for you definitely is a likely scenario!
D4 Loves You <3
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$BCC $BCH forming a PERFECT double and triple zigzag..Seems to be forming Elliott's original labelling of double and triple zigzags and double and triple threes.
Labeling the successive actionary components of double and triple corrections as waves W, Y, and Z, so that the entire pattern is counted "W-X-Y (-X-Z)." The letter "W" now denotes the first corrective pattern in a double or triple correction, Y the second, and Z the third of a triple. Each subwave thereof (A, B or C, as well as D or E of a triangle) is now properly seen as two degrees smaller than the entire correction. Each wave X is a reactionary wave and thus always a corrective wave, typically another zigzag .
Let's see if it continues to play out as I suspect it will.
$BCC $BCH forming a PERFECT double and triple zigzag pattern..Seems to be forming Elliott's original labelling of double and triple zigzags and double and triple threes
Labeling the successive actionary components of double and triple corrections as waves W, Y, and Z, so that the entire pattern is counted "W-X-Y (-X-Z)." The letter "W" now denotes the first corrective pattern in a double or triple correction, Y the second, and Z the third of a triple. Each subwave thereof (A, B or C, as well as D or E of a triangle) is now properly seen as two degrees smaller than the entire correction. Each wave X is a reactionary wave and thus always a corrective wave, typically another zigzag .
Let's see if it continues to play out as I suspect it will.
TRUMP TARIFFS TO SET UP A SPECTACULAR GOLD REVERSALREASONS
* Tariffs between USA & CHINA comes into effect on 23rd August......
* All Indices are close to record highs and watching for a big fall after the winter 2018 wobble.
* Chart Analysis shows break out of long term (2011-2017) downtrend, wxyxz pattern, Z to retrace around 100% of Y at around 1130 area , also a downtrend line retest, then break new high 1500 area by New Year.
* Gold never retested the highs from 2011/2012
* Gold Mining Shares (the healthy ones) all approaching or on key support levels after big sell off.
* On hourly/daily chart Gold looks like its printing an inverted left shoulder, one last swing down expected on 22/23rd August
Trade with Care & Caution, Good Luck
NZD/CHFThere is some NZD and AUD news drivers this week. Forgive the messy chart. But NZD/CHF measures and counts out to be doing a large 7 swing structure going down. I posted the 4 hr yesterday I believe (I will post another close up look). We got a small correction up that seemed to be correcting itself down running into my 50% weekly pitchfork line, and a w-x-y pattern (which it looks like it is making) should most likely brig it up to trend line. If this is a corrective move, then the next sell would be your swing 7 and the long one, which would finish out the overlapping combo patterns trend fib wise, giving you your 50-62% retrace of the full move up on the weekly. This would basically have Nchf correcting up to meet the 200 and 800MA on the daily, then running it back down to fork.
BTC Wave Count Update: Potential WXYXZ, Triple Three (T3) Wave4After comparing different possible counts, I feel this is the closest possible scenario for next few month's BTC moves.
My target from previous March wave count post remained:
3-4k, or potentially overshoot below 3k on panic selling.
Its a Looooong winter for BTC, but I'm very confident that the ensuing Wave5, which will resume previous incredible climb,
it shall bring us to the heights of 25k, 35k, and ultimately my target being 45k, before wave5 ends.
Charts posted as an update in previous post.
Enjoy! :)
XAU/USD weekly Long TermGold counts out pattern and fib wise for one more up, every way I look at it which would make sense, breaking the high it never broke. When you look at the chart with nothing on it, it looks like a sell, but not when you consider the modern swings of the market. It is at the 50% retrace, approaching the 200 MA on weekly. It just reacted to the 800 MA on the daily. Don't just jump in a buy without a strategy and accounting for time frame. There was a 1 hr diagonal and but entry off the 50% fib and 800 on daily. I believe that to be the first entry on attempting for the swing, but I would think we would get more of a reversal pattern. This may take some time. But AudUsd did come of the exact level I indicated to the pip. If that was to keep going, Gold may too. At this point I would be looking for setups and definitely watching that 200MA on weekly, and the .618 level.
NZD/USDWatch NU at the .618 level. You have equal length lining up there also, pitchforks. Very strong level. Wave pattern on the larger scale tells me one more up to break the high. AU has been holding at the .618. Would be worth taking a look at Aud/Nzd when NU hits the .618 level. May get a sell on it when that happens. I think NU is correcting to complete a larger triple combo pattern with a large move down in the future completing a "Z" wave. But where it is at in this smaller corrective pattern has me expecting this move to be corrective to make one more push up.... Watch that level. Could take some time to develop.
NZD/USD updateOk..... SO, look at the correction NU just made on the 1hr and compare that with the daily/weekly and train your eyes to see that. As of now, NU is coming off the 1.236 fib extension in a W-X-Y pattern, which makes sense (which could just be a bullish trend even though corrective looking). However, what doesn't make sense is the the length of the the last wave and the fact that I am use to seeing those do one more to break the high, or an "ending diagonal" if retracement/reversal is ready. I drew up a triple combo scenario which would line up with a higher period moving average cross, at which point we may even have a running flat signifying even more possible bullishness. My point is, it made a w-x-y correction, it was corrective. I don't see a sell setup yet. If it pulls down more it will probably do as my red trend lines say, thus producing a buy setup. Maybe is doesn't reach the 1.618 extension, however, it has to correct the opposite direction before I consider to take the sell down. I want to at least see it break the high it just made, or pull down and then make a bearish flag, then I will consider the sell. Can it sell down from here? Anything is possible, but I am telling you what I see as most likely... Double combo now...possibility of triple combo (even better for entry), until something changes.
BCHUSD 240 - A Lesson LearnedI believe that we learn more from our mistakes than our successes, so I wanted to share a mistake today. Though this may not be a trading idea as such, I thought this might be interesting to some readers on here. If it’s not, then at least it is a good way for me to describe the lesson I learned here, making it educational to myself. All in all, nothing lost there!
A few days ago, I noticed a bearish triangle on the BCHUSD 240 chart (see ). In a previous post, I had come to a price objective of $1130-$1070, so I took a short position within the triangle at the top line, around $1215. I had set a stop-loss above the triangle itself and was feeling pretty confident about it.
Time passed, and BCHUSD start making an aggressive move upwards, breaking the triangle upwards. However, volume didn’t seem to confirm this is a real breakout for me, so I stuck to my original conclusion. A little while later, I was stopped out as BCHUSD reached $1280 (where I had set my stop-loss).
Reflecting upon this, I feel there’s a valuable lesson I learned here: keep evaluating your scenarios.
When the triangle was broken upwards, I had expected a little throw-over before a move downwards to the area around $1100. At this point, I should have considered another possibility: that BCHUSD was going to make a WXYXZ-formation instead of sticking to the WXY-formation I had spotted in my original BCHUSD-post.
In previous analysis, I had seen that BCHUSD tends to correct around 50% in a retracement, which would have altered my perception of the situation unfolding to this:
Though the price objective for Z would have stayed the same for me, it would have gotten me thinking about the second X in that formation. My original stop-loss was based on the height of the triangle, not on a possible larger retracement. I should have considered this is a very likely possibility. This would have given me the following adjusted parameters for this trade:
Considering a 50% retracement on the previous XY-wave would have given me a new target for shorting BCHUSD at around $1300. A new stop-loss would, for me, be above a 78,6% retracement of that same wave if combined with increasing volume in the uptrend. These new numbers would have made me increase my short position along the ride up to $1300, with a price objective of $1100 and a stop-loss of $1425, giving a decent R:R-ratio on this particular trade.
Of course, after being stopped out and examining the chart, I did take a new short position at $1300 (as did many others, it would seem), and made up for my previous losses.
Nevertheless, for me today’s lesson is: keep evaluating and thinking in alternatives.
So, now what? Where is Z going? To be frank, I don’t know. I still consider the present price zone to be solid enough, though we even might break lower. However, I’d need more confirmation on that possibility before considering a new short position. For the time being, I’m happy to wait the next day or two out and see what happens. Who knows, we might even go into the area between $900-$850, which I considered a more drastic scenario a few days ago. I will not consider that a very likely scenario until we break the psychological $1000 barrier with volume confirmation.
EURUSD. Make it or break it.This is to illustrate how strong are long term trendlines as price reacted accurately reversing at the touch points.
Major pair is apporaching the long term resistance in the 1.26-1.27 area.
And now it is crucial whether euro could make it or break it.
Let us see what would happen next.
USDCHF technicalthe price is forming a Broadening triangle with correctional waves and intermediate waves, minor and minute waves are also in count, this is not included in the chart as is will be too much on the chart..
the price have been in a strong uptrend the last couple of weeks, and a correction to the break of the triangle, can occur any time soon. a short position can be taken, with a SL at the last top. where tp will be around 0.98500.
If you look at the weekly chart for the pair, a weekly evening star have been forming, and could be indicating a correction back to the triangle, before further upside.
Tuesday PPI m/m for CHF will be released where the numbers are expected to be greater than previously. this can help the price to make the correction,
NZD/USDNU did a wxy off the .618 fib like EU. I am in from very botoom and will let run. NU's larger wave structure looks like it needs to do one more up to break the high. The 1.618 fib extension also lined up with the 78% fib level, major high to low. So, if it was going to go up in that 3 wave pattern I am looking for, it would make sense to do so from here. It is a trend line breakout and I feel we can expect at least a pullback to test trend line area (see orange fib levels for targets). This is more long term analysis, so nothing says we can't get some more correction back down to break the low, but I will hold my buy and continue to look for buy setups in upcoming future. Refer to my Eur/Usd markup also. Both pairs created ending diagonals before the turn, but NU's would be stunted. Which means it is incomplete or it will go up harder. I tend to think it is ready to go up. To go for the longer term trade will not be easy if you don't have a good understanding of patterns and wave theory.
USD/JPY updateI think we have something that will at least extend to the 110.00 level, but possibly a leading diagonal that may do a slight correction, so if you didn't take the other buy setups lower down, please refer to my next UJ post which is coming now. And please keep in mind this is some high time frame stuff.
First Real Elliot Wave AnalysisIf my H&S formation plays out, COINBASE:BTCUSD may be at the top of a wave failure denoted by X and heading down to Z @ around $7600.
$7600 should hold, unless FUD takes over, in which case we may see the high to mid $6000 range again (one last time). 04/20 should be close to the last day of the bear market.
15 min RSI and MACD looking to downtrend ASAP.
(No I don't know Elliot Wave theory in the slightest, right now I'm just painting a picture that seems reasonable to me and matching as close as I can.)
Short: Bear
Mid: Neutral
Long: Bull
gvt wave 4 correction or full cycle corrective C wave?quick new light on the current gvt scenario.
looking at my other charts all evidence suggests that this is a wave 4 correction however retracing to to 0.38 of wave 3 pushes my thoughts into this possibly being a full cycle correction.
harshly 0024 should be the bottom of a WXYXZ correction and liftoff to wave 5 should be imminent.
in an extreme case this could be C wave of an ABC heading down to 0020 however there is no evidence prior to suggest a full cycle was completed and therefor we shouldn't see this low.
i believe the lows we are seeing are part bitcoin slump, part alpha 'demo' (not live) and the rest were people just cashing out into other projects that may of taken off.
green candles just around the corner, fingers are crossed :)