ElliottWaveBelgium

ElliottWaveBelgium Updated 

Wait for this correction higher to end to add to your short position. USDJPY remain bearish as long as it's trading beneath 114 region!

ElliottWaveBelgium Updated 

We finished a 3 waves correction at 1.6357 before seeing price come down hard & fast in a impulsive manner to 1.5360. We can count those 5 waves down, meaning we are now in a correction higher before resuming this downside move. (See daily chart)

ElliottWaveBelgium Updated 

We have a completed leading diagonal in higher degree wave (1) after wich price fell in a complex WXY correction down to 1.278. The fast move following this wave (2) and break of upper channel confirms the bottom is in place. This might be a wave 1 of smaller degree and we are currently in wave 2 wich should find support near 1.291 to 1.300. You can short this...

ElliottWaveBelgium Updated 

We might be in wave 4 of an impulse, playing out as a triangle, meaning we will have only one more push up to around 21 before selling hard. This move to the upside is wave C of a zig zag wave (B) of an impulsive wave ((4)). How to trade this ? Wait for wave 5 to develop and terminate, then wait for a pullback in an impulsive manner for a lower degree wave 1...

ElliottWaveBelgium Updated 

Looks like this Triangle is coming to an end as price is in the support zone of wave ((e)) of wave 4. So, we should see a bounce towards 5.0 and higher for wave 5. A break above 4.76 is a good confirmation of bullish move. Invalidation level is at 3.88 (end of wave ((a))

ElliottWaveBelgium Updated 

** IT'S NOT AN OPPORTUNITY TO BUY YET !!!! Price is moving in 5 ways to the downside since the selloff from 6000 Wave 1,3 & 5 will go lower where as waves 2 & 4 will go counter trend and correct a % of the previous move. Wave 3 is often the extended wave, meaning it's the longest and you should be able to count 5 subwaves inside it. Once those 5 waves end, we get...

ElliottWaveBelgium Updated 

We are in a wave E of a larger Triangle formation (look at my previos posts for overall view) Wave E should move in a 3 waves move( ABC). We got our wave ((a)) at 111.64 and wave ((b)) at 114.20. So, now we are in wave ((c)) lower. This wave C should be a 5 wave move to the downside and we can alread identily wave 1 and now we should be in the end of wave...

ElliottWaveBelgium Updated 

Wait for pullback before buying ! Price is in the termination point of black wave ((3)) We can count the Subwaves and expect blue wave (v) to end now or a bit higher at 0.9731 (0.618 Extension) Notice the divergence also. In any case, this is not the time to go long but to start taking your profits if you have bought earlier. Trade Setup : * Entry :...

ElliottWaveBelgium Updated 

A pullback higher is coming as we are in the last moments of a bearish impulsive wave. Look towards ~ 64 - 70 zone. Short it once it's in place. -or- Try catching the bottom in the next few days.

ElliottWaveBelgium Updated 

XRP doing it's thing, not caring at all about bitcoins fall or the bearish sentiment of the crypto market. And it's paying off ! XRP rallied before anyone else from 25cents to more than 70, in a 5 waves move and correcting in 3 waves, which is indicative of coming moves to the upside. Once the correction ends, we might see price go higher fast. If it goes above...

ElliottWaveBelgium Updated 

(This analysis is the same for LItecoin!) 3 waves have been completed since the high of 1400. I think we might be in an impulsive wave down noted by the Alt : X count. (yellow boxes) Or in a (ABC) move (pink) In both cases, price is (close) to a bottom therefore should startht to find it's way a bit higher. The question is, how high will it go ?? My prefered...

ElliottWaveBelgium Updated 

We finished wave ((iii)) lower, now wave ((iv)) looks like a triangle nearing it's end (?) Therefore, we might see one price go lower to 4000 as a wave 5. --- > This count gets invalidated if price goes above 5000 ! *This then might be the bottom of this down move. (Doesn't mean you should buy directly after !)

ElliottWaveBelgium Updated 

Bullish continuation! Daily high confirmed at 1.1470. Wave 1. Wave 2 now in progress, should not take more than 3-4 days to complete. Ideally, price would touch the 0.618Fib Retracement and turn around. 1.1300 might act as support. Target will depend on how deep price retraces. Once wave 2 is complete, Bulls should have it their way. Trade Setup : * Entry :...

ElliottWaveBelgium Updated 

5 waves down completed and we can count now 5 smaller degree waves from last low. (see comments) After a small pullback, we can buy. Notice also the gap around 65.50, price has a tendency to fill them. Trade Setup : Entry : 53.90 - 54.20 Stop : below wave 5 @ 52.73 Target 1 : 58.00 Target 2 : 62.00 Target 3 : 67.70 This trade can be very profitable and has a...

ElliottWaveBelgium Updated 

I think we finished a large ABCDE Triangle at ~0.8660 This move higher therefore should be wave 1 of an impulsive wave. We are nearing it's termination point as we can count 4 waves already and making wave ((v)) as an ending diagonal it seems. This means, once this larger wave 1 ends, we will see price pullback in a 3waves move lower for wave 2, ideally to the...

ElliottWaveBelgium Updated 

This alternate count suggests we might be in a Running Triangle, meaning wave (4) is not yet in place, so, the correction we will see won't be as deep as if wave (4) is already in place at 0.67058. If this alt count is correct, we will see price reach the lower channel line and slightly go outside while remaining above 0.67058 (pink line) before it rallying up...

ElliottWaveBelgium Updated 

Wave (iii) coming to an end, expecting therefore a pullback as wave (iv), wich ideally should end inside the channel. As long as price stays above wave (i), the view remains bullish.

ElliottWaveBelgium Updated 

All you Bulls out there, get ready to be crushed ! The 5000 level is coming. Every move higher will be a Bull Trap, don't buy into it ! It's short opportunites !!! I will start to buy only when the sentiment in the market shifts, when all the huge bulls will start to abandon ship. If you stay focused and wait for price to fall further before buying, you're...