Get started

Abcpattern

Verge trade for next impulse(300-400% profit potentiality)According to coinmarketcap data, there are 1476 coins/tokens involve in the crypto market. almost 90% coin/token is fake. they don't have any value or real purpose. only around 150-200 coin/tokens are good for investors. But blockchain is a revolutionary technology. So when you would like to invest money in crypto market definitely you need to do some research. I will post my analysis on which one has value. Verge is one of them. I am looking now next impulsive move.
Long
by No-trading
12
BTC -90% ? MAJOR CORRECTION IS COMING. Hello guys, a lot of analyst (me including) are too often focus on the 1h/4h or at the best 1day chart, which is good for traders but don't really show us where we are going. First of all I would like to call back that correction and especially the biggest are HEALTHY and are a good opportunity to invest or strengthen a position. This chart is really simple, and in fact it's only a possibility, but days after days this possibility looks more and more likely for me. If you dezoom and look at the weekly chart you can see more or less the same pattern of the crash of 2013 end and 2014. For the first time in near 4 years, the chart looks to flirt with bearish woods : RSI (Relative Strength index) is at the border (blue line is our crucial RSI support to hope for a new rise). For the first time since 2014 both MACD lines just touch what is a very bearish signal. And the weekly chart is almost identical at the one of 2013/2014 : bullrun during 2 years with no real correction and then a weekly decline to -90% of the ATH. We actually achieve -50% of the ATH and then maybe only half our actually correction... BUT, because there is a but, IT WOULD NOT BE A CRASH OR THE END OF THE CRYPTO WORLD. After correct during 1 year in 2014 BTC jump from 100$ to 20000$ so we could see the beginning of new parabolic cycle in the comings months/years to 100 000$... As quickly show with my basic Elliot Wave ABC correction, in this scenario my target would be around 2500 and 3000$. Further correction are possible, but i don't expect the price go very more low than 2000 so buy at 2500 and hold some weeks/months looks reasonable, and in the best case you just buy the perfect price :). Goodluck everyone and have a nice day. Feel free to post your minds, agreements and disagreements are always welcome when they are supported by arguments. I'm not a financial advisor, i only do it for my personal entertainment, do your own research.
BITFINEX:BTCUSDShort
by KassandrA_dotcom
1
Bitcoin CorrectionMy first TA on Bitcoin was this one: Unfortunately it was worse than what I expected, as of now BITFINEX:BTCUSD is still dropping... This was expected because Bitcoin has been growing for months... It has 12345 Wave and of course it must do ABC to complete the Elliot Wave. In this new analysis it's expected for Bitcoin to reach the 0.786 Fib level of $8501.2 IF it breaks that level and closes bellow it the 1 Fib level is at $5400.2 which I doubt, Bitcoin should finish the ABC and reverse the trend thus making all coins 'green' again. Trade safely! (Do not take this as financial advice!)
BITFINEX:BTCUSD
by angel_lobs
6
KEY SUPPORT IS DEAD : Welcome in bearish woods.Hello guys, here some updates of my precedent chart. The crucial point of my precedent TA didn't hold and invalidate the ABCDE bullish flag. We clearly see now the woods of a major correction. Remember correction are healthy and that's a good time to buy more if you caught the good price. Different scenarios are now possible : - We could be at the wave C of an EW ABC correction that would push us to 8k area. - We can see on the chart a descending triangle pattern who could slowly put us to 7-6k area with a possible breakdown to 4K... and yes... i think it's possible but as always it's a game of probability. For the first time in Bitcoin history (if i remember well) the daily MACD shows a possible reverse trend in bearish zone. RSI shows signs of bearish too. We'll probably retest 10K before any other scenario, but i don't expect this support to hold a very long time. It's always a pleasure to read your comments, agreements and disagreements are always welcome when there are constructive.
COINBASE:BTCUSDShort
by KassandrA_dotcom
5
4 of wave C ? (ABC EW correction).I continue to think that the correction is not over yet. We could be at the wave 4 of the EW "C" ABC correction. Correction are always healthy. Daily RSI and MACD are still overbought. Bollingers bands show high volatility. ETH/BTC looks for a correction too. First target would be 1030$ area. We could see 830$ if the wave 5 is extended. Feel free to post your minds, i can be wrong : agreements and disagreements are both welcome.
BITFINEX:ETHUSDShort
by KassandrA_dotcom
2
Practical Exercise - The ABC PatternThe ABC Pattern is derived from the ZigZag concept from Elliott Wave, and the 1-1 concept from Harmonic Patterns. Practical Exercise  1) Identify a corrective move that look like a ABC Pattern, it can be any currency pair, any timeframe. 2) Using Fib expansion, measure the ABC Pattern. 3) Record down where does this ABC Pattern completes. 4) Also, record down where does price move after the completion of the ABC Pattern, and how far it travelled. 5) Post your exercise on the comment section in this thread. 6) Repeat this practice to gather a total of 10 examples.
TVC:DXYEducation
by KarYong
ETCUSD 15m Two Scalping Short TradesOn related link post below Pair did break long and hit the Previous High Target Price Then price reversed back through the triangle and found support at a previous swing low. Pair broke out of the support level with a bearish continuation move to the previous major swing low hitting the last target profit level. Next update will be to see if the bearish move will hit any fib extension levels. Price is still in bearish continuation. Entered 1st 15m short scalp trade. 1H chart fib had price hit the 161.8% fib extension level. Let's see how far price will go. Pair may have taken a break from it's bearish continuation move. Possible retracement pullback may start. Then we will see if the bearish continuation wins the momentum back or the bulls. ETCUSD 15m chart will help us see the retracement strength. 2nd short scalp trade I entered short after a candle opened/closed below the 38.2% fib. My SL is just above the 50% fib. My TP is at 0% fib @25.50. If price continues short I will enter again after a 15m break-hook-go. If stopped out I will be ready to take a long trade above the 61.8% fib.
BITFINEX:ETCUSDShort
by Tradingstrategyguides
7