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Abccorrection

what is going to happen to BTC?(read the caption as well!)Hi every one Bitcoin / U.S. Dollar The Market has been bearish for the last few days and most people might be upset about it but in this analysis we try to change your mind! in each market there should be a change of trend weather It's bearish or bullish so that people can enter the markets! so as you can see we tried Elliot waves principle On BTC once again and it never fails! as you can see the price has done the first 5th Impulse waves and the correction has begun already! but this correction is different than normal expected correction! as you can see the ABC correction waves are formed IRREGULARLY (The B wave is higher than 5th Impulse wave! this happens when there is a pressure for buying or selling in bear market!).when this situation occurs we can expect that the third correction wave(C) to be larger and even falls under the first correction wave(A).but Don't worry! after the completion of each Elliot wave principle the trend can continue weather It's bullish or bearish. so In summery after the correction ends the price would be around 46K or 45K but there should be a strong bullish movement afterward!! and Don't forget PATIENCE IS THE KEY! Thank you for seeing idea . Have a nice day and Good luck
COINBASE:BTCUSD
by CobraVanguard
25
BTC ABC Correction Probably Wont Happen At That PointBTC continues to surprise us with the rise of price. Even though we could say that we had experienced such price movement back in 2013 it is still a long time ago and has surprised me at least. From a technical standpoint we could consolidate with BTC between 3.618 and 2.618 fib. extension level ($63300 and 46600) but could still correct deeper. In my opinion at least btc still has to do one 40-50% correction but we don't know at what price point could it happen. BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by CR35
3
BTC Don't Get Tricked Thinking That Correction Is OverIn the last two days we saw BTC and other cryptos rise up in price. If you are new in this space, some of you are probably thinking that btc is done with correction and it's going up. While this is not totally out of the question, as it could still surprise us with setting new highs. I've been in this space for almost 4 years now and would be VERY surprised if price would indicate that a correction is done. Anyway, everything points out that we are doing an ABC correction, where we've just finished a B wave, almost touching a 3.0 fib extension level ($53023) and are most likely going for another scary leg down which should take us a little deeper than A wave. Be prepared for very negative news, whatever will be sad, don't lose sight of a bigger picture. I am not a financial advisor so don't buy anything that a say. Wish you all successful investment. BITSTAMP:BTCUSD
BITSTAMP:BTCUSD
by CR35
6
XRP ABC Correction Very Likely To Happen At This Point While btc is going for another leg down (could not be the last one), XRP and the rest of the market as covered in red also. I still believe that btc has to go down at least 25-30%, so in worst case scenario, if XRP also falls another 25-30%, that would just mean that we are touching a 0.236 fib. retracement level ($0.316) psychologically, thus completing an ABC correction. Don't forget to be greedy when others are fearful and have a nice weekend. I am not a financial advisor so don't buy anything that a say. BITSTAMP:XRPUSD
BITSTAMP:XRPUSD
by CR35
5
24.2.2021 - Bitcoin (BTC / USD)Hi Traders! In recent days, bitcoin has become the centre of your questions again after a major decline. Is the bear market coming again? Where will this correction stop? What to do? We would certainly not talk about the bear market in the current situation. The decline of the bitcoin price was due to the values at which it was last weeks. The fact that it fell by as much as 22% is nothing out of the ordinary, and in the last bull run, momentary declines of up to 40% were nothing strange. Moreover, from the point of view of fundamentals, practically nothing has changed. What type of correction are we currently tracking? This is a more complex question and there are several options: 1. Triangle As a first option, we are offered a triangle, which would mean that we would move in a triangle formation for about 2 to 3 weeks and then head up again. 2. ABC correction The second option is ABC correction. However, it should be noted that this can also take several forms. In general, the strongest support would be at $ 40,680. 3. Other On a theoretical level, we must also admit the fact that it could be some form of channel or distribution. There are really many possibilities for correction structures. At this point, we cannot say clearly what type of correction it is , as we do not have enough data on the chart yet. What to do next? Currently, the only option is to watch the chart and trade intra-day until the chart shows what formation is going to form . Once we find out, we will be able to determine more precisely the decline target as well as the target for further growth. May the crypto be with you!
BITSTAMP:BTCUSDLong
by DolleroTechnology
3
DOT/USDT in coming daysHi every one DOT / TETHERUS The DOT/USDT has formed a flag pattern a while ago and than it broke the pattern and started to form the Elliot wave principle (12345 impulse and ABC correction wave)and now has finished the waves So it is expected to price move upward after finishing the Elliot wave principle and also there is a ascending rectangle and a hidden bullish divergence (+HD) Which make this signal much more reliable. Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
15
XRP Potential ABC Correction In Short Term Before BOOMBITSTAMP:XRPUSD So looking at a chart in recent pump and dump candles, it came into my mind that there could still be people that bought xrp in a yellow region, expecting that the price will pump further. This unfortunately did not happen and as price dropped a lot of those people chasing green candles got trapped and could not sell. Because of that, there will still be a lot of people willing to sell, when the price will reach to the yellow region again where. We are talking about amateur investors who probably don't really know what they are doing, just chasing the green candles. So if there are enough sellers in this yellow price range we could reverse down from there again, and if we also fall through orange ascending support trend line we could be seeing an typical ABC correction before finally going to the Mars haha. I am not a financial advisor so don't buy anything that a say. Wish you all successful investment. Stay safe.
BITSTAMP:XRPUSDShort
by CR35
3
Three Drives End Game: Three Bears' Correction: Papa Incoming!Chart says all. June gave us a Baby Bear; Sep/Oct the Mama; and Big Daddy Papa Bear is waking up soon IMO. Expect Strong support around 3400. This is a guess; as the bubble expands, price correction magnitude increases. Geometric modeling projections shown estimated length and price based on extension from Baby > Mama > Papa. Third Drive near completion IMO; 72 days' projection based on extrapolated duration of last two corrections > ~13 Jan. 3861 price is a guess, just a squeak above Fri 1/8 close... probly close to rollover atm, VIX stays up at ATH... Soon... a few days, weeks at most IMO. NB: See RSI weakening, MFI diminishing... volume diverging as well... This is nothing more than an educated WAG, not investing advice; trade at your own risk, GLTA!
CME_MINI:ES1!Short
by DaddySawbucks
13
Could Ethereum make a correction toward the $490 USD?it's possible, for that reason I prepare for you to have a plan to shorting Ethereum and get benefit of this trades possible. So guys, lookin in 3 Daily chart, the candlestick show us weakness and maybe a possible correction it's so nearest both for Bitcoin, Ethereum and the rest of cryptocurrency. In that case, Ethereum have a multiple possibilitie that will occur. Now, looking the studying of the elliot wave analysis. We see that Ethereum it's into this correction #4 to review. And then, we could see this situation of the market. So, we are not completely this correction yet. But. looking the weekly timeframe. my other perspective it's that we could to see the end of the bull cycle to then, we are looking a formation of ABC correction pattern. So, I believe that weekly chart it's moe precise than 3 Daily chart. But that it's theory!!! So guys, in some minutes, I will going to update this par Ethereum/Dollar to know if the trayectory it's okay, becuase we're in profit from $550 USD entry in long position toward the $616 USD.
COINBASE:ETHUSDShort
by harisonhbn9718