No idea why I didn't see that I was working on the wrong chart... Here is the corrected version
Basically posting the chart without fibs so you can actually see it. Bulls need to reclaim $18,400... buying volume isn't great at the moment however alot of traders are eyeing lower prices... Let's see if they manage to get their bids filled or FOMO back in :) Always happy to see opposite views and happy with constructive criticism
Hi all, Sorry for reposting, i always make a spelling mistake!! Until HTF market structure flip is confirmed i am still trying to find bullish set ups as i like to trade with the larger trend. In my eyes, we are at the point where we need to reverse due to my EW count. My C wave is roughly 1:1 of Wave A. However, my C Wave could still be incomplete and we...
I haven't looked at ZIL for a long time, but as soon as you see it hopefully you see why i think it's worth a long. MACD on the 1D timeframe is crossing. Bullish divergence can be seen, and a reaction at 0.618 fib. Price was rejected from the 55 EMA but used 200 EMA as support. It's quite common to be rejected on the first test. Swing trade
So my previous idea was invalidated, sad to say i didn't add on to my existing longs... but importantly i didn't lose any capital! My alternative count is now in play, i see this as Wave B of Wave 2 (Wave 1 start on March lows). I am now expecting a Wave C to form. Before shorting i will be waiting for confirmation on lower time frames; shorting here is risky for...
So my previous idea was invalidated, sad to say i didn't add on to my existing longs... but importantly i didn't lose any capital! My alternative count is now in play, i see this as Wave B of Wave 2 (Wave 1 start on March lows). I am now expecting a Wave C to form. Before shorting i will be waiting for confirmation on lower time frames; shorting here is risky...
Hi all, So, I now see us in the Z leg of an WXYXZ correction, and it is uncanny how much action each fib levels have significant price action. If this fits into a triple wave combo i now expect to see a triangle form; ABCDE. If we get to $7000 regions i will be looking to short. ewmizone-kivv0apgntrwrwvhv.netdna-ssl.com As shown in the example above.
So, another red daily candle and it's K.O. I have this correction as a WXY..... Which if it is, it's complete and we will break above $8500 and hopefully to $10-13k Or i have it as an WXYXZ.... and WXYX looks to be complete, with Z left We either rocket... or sub $5800k and hope to find support.
I am bullish still on BTC -2.26% . Previously published "road to 10k", which was within $200 within target; including upper target and correction target. I see our next impulse wave up either; a) hitting T1 around $9988 and being rejected, possible correct to around $9450 b) breaking 10k resistance and hitting T2 of $10,635, possible corect $10, 200 - i feel...
My current feeling is quite bullish in the short term, we have seen some fairly strong impulse waves up with small retracements back into finonacci's golden pockets. I am expecting resistance to be met at around $9600 and then another retracement back to around the $8700 - $8800 area. Hoping for a big push to the 10k target zone! This is obviously not financial...
Lets wait to see if volume picks up and we can smash through 11,750 and 12,000.... i am still expecting to see 13k in March.
Still seeing this as correction (wave 2) following a larger degree Wave 1 (high of $253.60). I am seeing a triangle form in the B wave of an ABC, so i am awaiting a C down to my buy zone. A move above $253 invalidates this idea Buy zone around $213.16. If this works out i would then want to see an impulsive move out of this area for swing targets of - T1 -...
This last 6 weeks of trading ETH or BTC has been pretty frustrating, lots of shifting bias and no clear pictures. BTC and ETH are very closely correlated, so for the most part the charts are similar, however due to DEFI i do expect ETH to outperform BTC. My idea is that ETH is currently ending it's B wave within Wave 2 of a larger degree impulse since March...
It's been a while since i shared my ideas; I mostly swing trade recently but i will be getting back into shorter term positions again going forward. The set up is geared towards those that use higher time frames to trade. My view is that we are coming to the end of an impulsive move from the low of $3782.13 - The low came with capitulation volume which...
As you can see, i'm posting another bullish view.. My last chart didn't hit the nail on the head this time; that's why a stop-loss is important. In my opinion we have, within the last hour completeted the correction following highs around $10k ($9900 on binance). RSI on the 4 hour chart went below 20 (19.80) and we seemed to bounce, for now. The correction does...
Hi all, I am still practicing the art of Elliot Wave; please comment if you believe this count to not be correct. Firstly i will show you the logic of why i think we have bottomed out @ $6500; as well as the fundamentals of Pantera saying they belive that $6500 was the "likely" bottom. We then had the hightest 1hr volume candle in the HISTORY of BTC; for me...
My take on the current trend of BTC / USD pair. I still think we will see a decline to $8.5k - $9k levels before hopefully seeing new highest high in the coming months. I have only been studying trading for around 4 / 5 months and i am very new to TA. I have attempted to show my elliot wave count as i am not confident on that yet. I feel the "spike" up we have...