I think I count five Elliott Waves on Bitcoin, and it could be a potential short setup. However, the indicators are certainly bullish, so proceed with caution. The target is the middle of the 0.382 and 0.236 Fibonacci Retracement. Entry: $12900 Stop: $13263 Target: $12400
TRX finished a 5 wave impulse and is correctly experiencing corrections. A WXYXZ correction has been completed and TRX could soon start impulsing. The 5 wave impulse could be the subwaves of intermediate wave 1. That means the biggest wave (wave 3) has yet to come. I used the fibonacci extensions at 1.618, 1.272, and 1 to set the targets.
Bitcoin exploded and every other coin will soon follow. Also, ETH just completed an abcde correction and broke some major resistance lines.
EOS is still in corrections after a 5 wave impulse (black 5). EOS could possibly complete an ABC (possibility 1) or an ABCDE correction (pink triangle and possibility 2). Right now EOS already completed the 5 impulse wave (purple) of subwave C (green) of wave B (orange). EOS will likely see a drop soon. If EOS completes an ABC correction (possibility 1), we...
ETH broke down of the ascending triangle, so we sell the break down. We target the Fibonacci Retracement levels for exiting the position. Stop: $1075 Short Entry: $1000-$1040 Target1: $920 T2: $885 T3: $790
ETH just completed wave b with a falling wedge and is about to start wave c. Wave c will likely hit a 0.5 Extension of wave a, which is our target.
According to my Elliott Wave count, ETH is in a reactionary wave (a correction within the correction). We are in a short term uptrend within the longer term downtrend. We have just completed 5 waves with a ending diagonal and will likely see a dip. If the prices dip, we could set some buys orders and ride to back to 1k. Note: If ETH hits the target price before...
EOS has not even completed the five subwaves of wave 3. EOS has just completed subwave 4 and is about to start subwave 5. Subwave 4 is in the shape of a bull flag and is a ABC correction. Since subwave 3 was longer than subwave 1, subwave 5 is likely the same length of subwave 1 and hit $17. After EOS, completes the five subwaves of wave 3, it will likely...
Last night, the price of BTG exploded, but that was only the first wave. The biggest wave has yet to come. Using a 1.618 Fibonacci Extension, we get a first target of $544 for wave 3.
Before I want to start my analysis, I want to say that this may be dubious wave count. I counted wave 1 as a expanding diagonal, which is not a valid wave count according to Elliott Wave rulebook. However, the expanding diagonal for wave 5 wasn't added to the rule book until recently either. So I thought, if there are expanding diagonals in wave 5, why can't there...
SNT just completed some major corrections and has already started impulsing up, starting primary wave 3 (pink). SNT have just started the first leg of intermediate wave 1(dark blue) and is currently on minor wave 3 (black). By using a 1.618 Fibonacci Extension of minor wave 1 for wave 3 and a 1 to 1 Extension for wave 4, we get a first target of $0.62 This is just...
TRX is forming a falling wedge and could potentially break out. The MACD crossed over and the RSI is showing a strong uptrend support line.
Right now, Bitcoin is testing the support line of the triangle. So far, the bears have failed, and the price has formed a falling wedge. We could potentially see a bounce to the upper resistance line in the next few days. What has my attention are the altcoins. Before the Bitcoin breakdown, so many of the altcoins have shown extremely bullish patterns (DASH,...
Bitcoin made a nice bounce of the support line, and the price will likely rise over the next few hours. Right now it is forming triangle and will break out of it within the next 2 weeks. I think the chance of it breaking above the triangle is greater than breaking below as Bitcoin has not completed 5 Elliott Waves.
ADA is forming a falling wedge, and when falling wedge break, the price usually jumps at least the size of the opening of the wedge (black arrows).
By counting the subwaves, we see that NEBL has not completed the 5 intermediate waves (blue) within primary wave 3 (pink). Also, NEBL just completed an ABC correction that took the shape of a descending triangle. NEBL is ready to break out. In the case that the breakout fails and forms a WXY correction, we set a conservative and aggressive target.
Dogecoin appears to be currently on intermediate wave 4 (blue) and is about to start wave 5. Wave 4 is a flat correction, which is a 3-3-5 ABC correction. Soon, Doge should start pumping again and hit the short-term target of 11k. Doge could hit as high as 1750 in the long term. Since cycle wave 1 (pink) and wave 3 are about the same length, wave 5 should...
XVG is forming a symmetrical triangle, which usually is a powerful continuation signal. The symmetrical triangle also happens to be the corrective wave of wave 1 in the form of a ABCDE pattern, and its completion signals that wave 3 will start soon. Since wave 3 is usually the longest, XVG probably will hit at least $0.39 (1 to 1 Extension). However, because the...