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Elliotwavesanalysis

$BCC $BCH forming a PERFECT double and triple zigzag..Seems to be forming Elliott's original labelling of double and triple zigzags and double and triple threes. Labeling the successive actionary components of double and triple corrections as waves W, Y, and Z, so that the entire pattern is counted "W-X-Y (-X-Z)." The letter "W" now denotes the first corrective pattern in a double or triple correction, Y the second, and Z the third of a triple. Each subwave thereof (A, B or C, as well as D or E of a triangle) is now properly seen as two degrees smaller than the entire correction. Each wave X is a reactionary wave and thus always a corrective wave, typically another zigzag . Let's see if it continues to play out as I suspect it will.
B
by UnknownUnicorn1572975
XAU Macro Elliott Wave analysis. Is the correction finally over?FX_IDC:XAUUSD OANDA:XAUUSD FOREXCOM:XAUUSD IMHO there is a very distinct possibility that XAUUSD has completed a full triple combo corrective sequence: Triangle + Zig Zag + flat. The upwards move the last couple days has a distinctly impulsive feel to it, with the bulls very much in control. I am very much looking forward to discovering whether this is the start of a bullish impulse or more corrective wave nonsense. In other news, I'm seeing quite a few toppy patterns in multiple stock indices - both US and international. The NASDAQ in particular looks quite disgusting on the daily - 3 giant bear spikes sticking up out of a rounded top. To me, it seems only natural that the start of a bullish impulse in gold might coincide with a corrective reversal in the stock markets. Thoughts?
FOREXCOM:XAUUSDLong
by ashaman
1
An update on the inverse relationship between BNB and BTCHello, I recently posted a theoretical idea about how the relationship between BTC and BNB is inversely correlated. Today I am providing a zoomed in point of view for the upcoming BTC movements. Please see original post here: And the corresponding BTC path here: Clearly, the theory is working out as anticipated. Today, I'd like to go zoomed in and understand on a lower time frame what'g going on. In the above chart, we see that BNB is doing a low volume B wave, exactly what the B wave looks like. But it means that we have a C wave yet to build....So how does it get there, if BTC goes down and BNB goes up? And vice versa? To hit our mark of 18544, which is a natural support and a fib retracement zone we need to see if BTC is going to go up during that period. I anticipate that it will: So to boil it down a bit, we anticipate BNB dropping by 6.4% and if we do a 1:1 inverse ratio, that means that BTC is expected to rise by 6.4% as well. That would put BTC at around the 6300 Zone where it catches some decent resistance and also the territory of the (3) Wave down (which it can't penetrate with force). BNB is running a wave (4) Expanding Symmetrical bearish retracement presently. When it hits the 7300 mark, we should see a continuation wave (5) that terminates around 6700. BNB acts as a tether when BTC drops sharply. So presently I am in BTC but as that limit approaches I will be rebuying BNB for the satoshical gain and also the fiat protection. When BTC bottoms out, moving back into BTC at 6700.
by GoldenParachute
Cardano, ADABTC - And this is what happens when history repeats Cardano, ADABTC is making a nice bounce as with the market recovery today so let's take a quick look at what to expect from ADABTC from here on. ADABTC was setting itself up to break the falling wedge pattern (in blue) one way or the other but since we were so oversold and with the indicators RSI and MACD bullish diverging, ADABTC was poised to break to the upside. Instead of doing a new EW impulse count I wanted to do something different this time and was thinking, "what will it look like if history would repeat itself?", cause as we know history tends to repeat itself. So that's what I've projected above. It's the exact move and projection ADABTC would make if history and previous EW count did repeat itself. Keep in mind that this is just to give you a different perspective on the potential next move in ADABTC cause it will be very unlikely that the move will be exactly the same as the previous one. Rather use this as a sort of a roadmap for potential moves with projections and to see where the (most) important support and resistance levels/areas are. Leave a comment if you have any questions. Like the post, if you liked it and share it if you loved it. This is for good karma. And until next time, good luck with your trading! Disclaimer This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Long
by Trade_Masters
An Amateurs perspective, AEXHello Tradingview, I'm an amateur when it comes to TA, I'm involved in Bitcoin and trying my best to learn as much as I can. I would not recommend trading on my analysis, I'd be suprised if anyone even considers it really. Summary: What you see here is the AEX weekly and may I say so myself, quite a bearish picture. But Don't forget I am an amateur if any seasoned traders could give their opinions and perhaps tips on my analysis if they think I missed something or am wrong about it then that'd be highly appreciated. As I see it, it either breaks the .236 extension, which I drew from the bottom of the second wave down to the third wave up or breaks down and starts a mutli-year bear market. As you can see in 2000's we had a similar situation where we reached the .236 extension and made a nice rounded top and broke down starting a multi-year bear market. You can also see a clear Momentum divergence as it neared the end of the 5th wave, which is a requirement in Elliot Waves. Right now we are also doing just that! Wow! AEX is nearing the end of the 5th wave very obviously (if I may say so myself) with momentum divergence, that said it could still break trough the .236 extension and rally onto the .5. My personal approach in this situation would be selling of a decent chunk right here and see if it can still rally further and sell of the remainer there. My first analysis of the AEX and I predict a multi-year bear market to be followed, coming to your homes soon! Furthermore you can also see an ABC correction on the chart before this bullrally which ended with a momentum divergence which is required for this irregular expanded flat. Another requirement was for wave C to be substiantially beyond the bottom of wave A, AEX is a perfect example. That was my analysis, my two satoshi's on the matter. Hope RTLZ doesn't start ridiculing me on TV. Though if they do, I urge you to sell immediatly. Conclusion: Break .236 extension = rally to 0.5 extension plausible (less it gets stopped out before that) Rejection .236 extension = end of wave 5 and start of wave A in an ABC correction which is another word for the start of a multi-year bear market. Hope you enjoyed this analysis. I might do an update and try and see if I can predict where the ABC correction might turn around if we get there.
EURONEXT:AEXShort
by Xanthus
1
Potential Bullish Triangle FormationSince January, price has been caught in a range between 2.5383/1.21545, forming a triangle pattern. Also we can tell this by looking at the shorter term MA as its signally a flattening of direction. However the longer term MAs are still sloping upward which suggest the trend is still going up. From an Elliot Wave perspective, we could also be in a subwave 4 formation so a B/O above the trendline could be expected. Entries can be taken at the test of the TL, but more conservatively you could wait for a B/O of the upper trendline then retest to go long. Of course price may do the complete opposite and breakout to the bottom.
Long
by TraderChes
Bitcoin short mid term elliot waves idea The red lines are the support and resistance level signed to see the price of the waves analysis. Wave 5 can be extended/truncated or regolar ,if regolar bitcoin is going to test 8400-8800,if extended his going to test 10500-11800 area. Now we are in the wedge retracing to complete wave 4. "ABC" levels are signed up there. if got any question just comment. If you like my efforts just leave a like and follow :) Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It shoud not be considered financial or investment advice of any kind.
BITFINEX:BTCUSD
by UnknownUnicorn1450254
BTCUSD Back to Bull Market to $24.5k+? Elliot Wave Analysis-Bullish MACD divergence on 4h candles (very bullish indicator) -Completed 5-3 sequence providing decent risk to reward (more on this later) -Primary price target is 1:1 extension at 24.5k -If BTC breaks through the 1.1:1 extension then a 1.618:1 extension all the way to nearly 33k is possible -Stop loss at 10.6k below C Not necessarily an entry now considering the risk to reward ratio is currently not very good. An entry after the retracement on this first wave will likely be a better entry. (I will probably update this idea when the time comes)
BITFINEX:BTCUSDLong
by gelnd