Longevity_Contrarian

Longevity_Contrarian Updated 

Hello Traders, Big part of market starts to be really bullish. BUT there is still (too high to be considered) chance that we are still in (ABC) corrective wave of downtrend ... If so, the next downward move could take us to double bottom or even below (6400). Area 9.2-9.4K Will be very important to watch what kind of structure wil be formed by Bitcoin. ;) ...

Longevity_Contrarian Updated 

Hi Traders, Today I had to consider quite dificult counts because of overlaping structure (7700-8280). Bigger chance is, its corrective wave. So rightnow we should be at the beginning of wave C. Bes setup is to wait for confirmation and price drop below 1H 55 EMA (aprox 8K). to open short. Or wait for Buy signal (RSI convergence) inside of 7700-7600 Area....

Longevity_Contrarian Updated 

Wave A is easy to identify. Wave B is quite problematic so we could reach also 0.5 retracement of A = cca 100-102 USDT. Than I expect Wave C to reach exactly GR of All 5 impulsive waves = 77-74 USDT or with small wick lower. Lets wait for finalization of B.

Longevity_Contrarian Updated 

As you can see, we are doing my favorite 3-3-5 correction. C could end at the exact Golden Ratio of Entire 1-5 impulse waves structure. = 75-77 USD. Count waves and watch indicators for konvergence between waves (iii) and (v) of C.

Longevity_Contrarian

As chart shows, I expect to finish wave C consisting of 5 subwaves somwhere between 0,5-0,618 (9-8,5K) Fib retracement of Impulsive wave 5 (14K). Keep SL small and Fix profit ;)

Longevity_Contrarian

Chart says it all. I expect we are in second impulsive wave after correction. and 4th subwave. Now just lets wait if i will get filled :) Good luck.

Longevity_Contrarian

I would like to know oppinion of more eferience elliot wave counters, if my chart is correct ? If so, we could finish Last wave 5 of corrective Wave C downto 9K. Besides 9K is a nice number :), on this level is also trend line (Blue) + A:C = 1:1. Thanks

Longevity_Contrarian Updated 

Nice sell candle showed up in last few minutes. seems like chance for 1:1 A:C correction is growing. ;)

Longevity_Contrarian Updated 

Scenario No. 1) If we finish correction with A=C 1:1 Ratio, then marked region of 9000-9500 USD could be possible in next few days (Hours ?) ... Scenario No. 2) Its also possible that Wave C will be truncated = We reached RSI support (4H Diagram) + MACD Shows hidden divergence. Fingers crossed for scenario No.1 , order set, lets sleep and wait what will...

Longevity_Contrarian

If my EW count is correct for A wave of correction (consist of 5) then its possible to expect at least sadow of candle reach 47xx area for 1:1 extension of Wave C. (so wave 5 will be again the longest).... This will be very interresting to watch and trade :) (If you trade BTC, I Focus on retracement projected to AltCoins).

Longevity_Contrarian

In my opinion we alredy achieved last target of wave 5. So lets count where can be botom of correction ? Market starts to be bullish. My Target app. 9,731 USDT/NEO has chance about 20% to be reached but also brings very good RRR. Lets see. tagrtes can be changed as indicators will give us more informations in next few hours.

Longevity_Contrarian

nice RRR, entry at point B.

Longevity_Contrarian

Double bottom - Dragonfly Doji 4H chart, Raising volume, RSI,MACD Convergence. Use small TF for more precise entry

Longevity_Contrarian

ICX continue on its 4th Wave Journey down to approx. 0.3050. Be ready to enter wave 5. ;)

Longevity_Contrarian

MACD and RSI shows we are alredy in wave 4 - bottom can be somwhere near 0.3-0.31 Region than one more wave up to cca 0.42-0.48

Longevity_Contrarian

Very nice RRR for short trade 9:1 down to 3600 USD/BTC. MACD Head downwards

Longevity_Contrarian

Nice time to refill bags if next impulive wave is comming. I would really like buy at 0.23xx level where is strong support and Fib. Golden pocket.

Longevity_Contrarian

SaP500 Showes last 2 days very clear signals for SHORTing opportunity. Gravestone Doji at Resistance level and Double TOP on RSI (1D Graf). Fasten your seatblets...This will be again interesting ride.