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Zigzagcorrrection

BTCUSD - Outlook UpdateGuys I have cleared my charts and had a simpler look at Bitcoin from an Elliott Wave perspective, with my limited knowledge and have come to an analysis of what I anticipate as a result of the more recent price action. Bitcoin has completed 4 of the 5 legs of the bearish triangle. ABC and D Legs have been completed and we now wait on the E Leg, which is taking quite some time to form. Since May 29th the E Leg has been trading up to sideways on the 4 hour chart. So far price has completed a minor abc correction from the May 29th low of 33395.80 ending at the current high at 38832.05. Leg E appears to be shaping up as a possible zig zag leg. It is our anticipation that price would give us a measured move up into the 100% Fib Expansion or the Fibonacci measurement of wave:A from wave:B arriving at 40116.80, which would complete the E Leg and this would be considered an overthrow of the E Leg. I have also added some time projections which line up with the 40116.80 target between June 2nd and 3rd. This analysis should play out if price can maintain above 36903.95, which is the 50% line of the triangle.
CAPITALCOM:BTCUSDLong
by AsproTrader
What is going on with BNB?It is just similar to BTC, and many more cryptocurrencies I think. Finishing wave 5 from b in wave B. So naturally we can wait for a better position to buy (in wave C). I also should say I guess this is a Zigzag correction. Stop- loss around 400, incase price goes up. Expect to find a good purchase point between Fibonacci extension levels .886 and 1 (between 265 and 210 USD). But we should monitor the situation like always. Please let me know what do you think about BNB PS Please note I am not a pro trader, so these are just my Opinions and not financial advice
Long
by TheK19
What is going In with TRX? TRX is working to finish it's wave 1, from c to shape wave B. We expect wave C start after that naturally, so we have better opportunities to Buy later IMHO. A Zigzag pattern I reckon. Same as BTC and few more Cryptocurrencies. I personally set the Stop-loss around 0.085, incase things go south. I also expect to find a good purchase point between 0.886 and 1 Fibonacci Extension levels (between 0.07 to 0.055 USD). Please let me know what do you think about TRX PS Please also keep in mind that I am not pro, and still just learning about the Force. So not a financial advice
Long
by TheK19
Don’t get over excited on ETH. Here is why Eth had a 5 sub-wave down correction which it can indicate a Zig-Zag correction at least. A Zig-Zag correction is a 5-3-5 wave count. Based on this theory, the wave B, should have 3 sub-waves up, as drawn on the chart. In case we see this pattern, we may expect at least to revisit the lows of 1500usd and even lower. But this is a short term (1-2 months) correction and part of a mega bullish wave 5 up. Nothing to worry about the future but it will be nerve breaking for many. Just turn off your social media accounts and come back in 2 months. Stay safe!
Short
by DEFI-trader
7
GOLD (XAUUSD) 30min - Zigzag up ideaI think we are going to test 1762 - 1790 area with a "zigzag" ABC wave (5,3,5), inside a bigger C or E wave. So the idea would be to long on the B completition beetween 1713 and 1699 (ideally the best would be around 1706). Below 1699 probably this count is not a valid prediction, so SL can be tight and we will have to look to something else in terms of waves. Soon i will post an higher timeframe idea of the upper cycle in wich this should be a part.
OANDA:XAUUSDLong
by fra978
1
S&P500 WILL FALL UPTO 3000 ONLYI explored almost all my knowledge to prepare this GREAT S&P 500 chart for our TRADING VIEW mambers The index is in 4th Wave of GRAND SUPER CYCLE. usually 4 th wave will be a simple FLAT. BUT due to QE by FED and Artificial liqudity by Policy Makers , the impact of ressesion (wave 'C' Down )in 4h wave is postponed to 10 years. Hence the recovery wave (B) is overextented by 4.236 times of wave(A). Wave (B) has a target of 4444 on 14th june beforemuch awaited wave (C) Mean while we have a chance to make some money in shorts before 12th APR while the index will took a bullish TL support @ 3000. Trade well,Earn well,spend well Selvam.B option buyer, Neo Wave practitioner
CME_MINI:ES1!Short
by selvamB
5
XAUUSD - Elliott Wave Forecast - Q4 updateHello all, It's pretty clear that we have a zig zag correction playing out here. Waves 'a' and 'b' have already been put in. This leaves us with the final wave 'c'. There is a strong possibility that it is already complete and the low has already been put in (please see linked idea below from Nov 22). A breakout to the upside will take price to the 1910-1920 level. However, there is also the possibility that wave 'c' will extend further with a potential lesser degree leading diagonal in play. This could bring XAUUSD to a lower level around 1670-1720. Simply staying aware of where price could likely be heading to. Awareness is key. Follow for further updates, your 'likes' are much appreciated and your comments most welcomed. Trade safe and always remember to plan your trade and trade your plan! Beyond Edge Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
OANDA:XAUUSD
by BeyondEdge
3
XRPUSD - a short scenarioAs these posts are mostly for my education and entertainment, do not take them as trading advice. XRPUSD recently finished a leading diagonal from the low of March 13th to April 7th, where it reached a point of $0,205. I would have expected a rather sudden drop down from there, as leading diagonals do tend to lead to those. However, there were some interesting moves since then, which I believe follow the following patterns: After the 7th of April, we went into a leading diagonal down (marked light blue in the chart), the first leg of an ABC-correction. The A-leg ended on April 16th at $0,174, after which we saw a very swift movement up for a corrective wave. We started that corrective wave with an impulse wave, which was followed by a flat correction. Then, more zig-zag movements started popping up, which seem to have formed an ending expanding diagonal that (I believe) just ended. If we extend the movement made by the A-leg from April 7th to April 16th from the end of this ending expanding diagonal, we would end up at $0,164. That level would also align perfectly with the end of the 4th wave of the leading diagonal on a higher degree. So, my scenario for now is a short with a stop-loss above the end of the expanding diagonal, heading down to $0,164 for an 100% extension of the A-wave of this zig-zag. It is not impossible that this C-wave will extend further to reach a retracement of more than 50% of the leading diagonal, so $0,164 shall be my preliminary target until the C-wave is further developed. Don't mistake this for trading advice. 'Tis but an analysis and a possible scenario. :-)
BITFINEX:XRPUSDShort
by Pvgeldrop
2