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Correctivestructure

Bitcoin looking for downside. Hello everyone, Today is a quick post. As you all know I have been calling for a downside to at least the $45,000 level for some time now. As each day goes on we are seeing more and more signs of bearish behavior both on short term and long term charts. The weekly MACD wants to transition from waning buying momentum to increasing selling momentum. Here are the technicals. 1. On the Hourly charts there is very clear Bearish Price action where as price drifts up volume drifts down. 2. The Daily timeframe has tested and failed to close above the 50MA 3 times now. Things generally happen in 3s when trading. I am expecting another leg down here soon. 3. The Daily timeframe has closed below the 50MA for 3 days now and we should expect to see the 100MA hold price as support around $48,000 to $50,000. 4. There is a clear bear flag on the 1 hour timeframe with a bull trap showing an inverted head and shoulders rejected at the neckline of $57,000. I believe in order to breakout we needed this pattern to succeed. 5. There is now a Head and Shoulders pattern forming on the 1 hour chart. The neckline is $55,000. Breaking this level will quickly move us back to $53,000 then $50,000. 6. There is market exhaustion price action on the weekly and bearish price action on the Daily and Hourly time frames. With all of this said I am still heavily bullish. I believe this is the chance for the market to take the breath it desperately needed. Along with that, I believe we will see hard pump to the upside after slowly drifting down into the $40,000s. My time frame on this happening is by the middle of May. As always, sue risk management strategies, be patient, and good luck trading!
COINBASE:BTCUSDShort
by RomanXIV
1
Elliott Wave Analysis: AAVE In A Complex Deeper CorrectionHello Crypto traders! Today we will talk about AAVEUSD, its price action from technical point of view and wave structure from Ellott Wave perspective. AAVEUSD has already found the top at the beginning of February and since then, we see see slow price action and corrective wave structure. It's ideally trading in a complex 7-swing (w)-(x)-(y) corrective drop, which seems to be unfinished, as we see an incomplete decline into wave (y), so watch out for further weakness towatds projected 210-145 support zone before bulls show up again. Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
DOGE: At critical -50% from ATHDOGE has been nothing short of phenomenal these last few weeks. It has gained over 350% during the previous seven trading days. It is only befitting that it has lost 50% so quickly after such a tremendous extension higher. The chart shows this critical % decrease through the use of Gann box squared at the rate of 0.0035 per 2 hours of trading, the current rate of change that I was able to decipher. It seems to be in an excellent position to continue its trajectory higher; however, if the crypto spectrum goes through a correction phase, DOGE might correct further towards the 75% decline point, but that is yet to be seen during the upcoming few weeks. The chart shows two potential long entries with detailed risk profiles of not less than 4R return. If there's anything that I am missing, do drop a line in the comments section. Best of luck, and stay safe!
BINANCE:DOGEUSDLong
by Zoen_Trieste
13
Brief Bear Before Next ATHClear Bear Signal on 14 Apr, engulfing candle in NQ ate up every penny earned on 13th, a twin tower. Volume declining, RSI Overbought. Bull trend is intact, IMO gonna retest the breakout point and consolidate bullish power before moving to ATH in late April > early May. A real correction to emerge later in May > June; then a summer rally. ERs will drive it now, SandP PE = 42, need big ERs to support price. Not investing advice, trade at your own risk, GLTA!
CME_MINI:ES1!Short
by DaddySawbucks
7
ETH/USD - potential 21% setupHello, Traders! After the correction of the current growth from $1545 the buyers took the initiative and are trying to pass the sellers' area of interest of $2020 - $2140 A similar situation was at the beginning of February before ETH entered a new price range and the growth cycle continued We may search for an entrance in purchases in the range of $2085 - $2145. Stop-loss can be placed under $1,950 Targets will be Fibonacci extension levels based on the trend $2335 $2455 $2525 Good luck and watch out for the market P.S. This analysis is created for educational purposes only and should not be considered as a financial advice
COINBASE:ETHUSDLong
by UnknownUnicorn10064030
GOLD (XAUUSD): big complex moves 'till the end of the correctionThis is my last analysis on big the scale on GOLD. According to this I dont think we are in the bull run yet, but we are moving into big complex corrections internally composed all by three drives (different series of 5 3 5 and triangles that often looks like 5 impulsive waves, but they arent, for me). So this could be the last move up to 1762 - 87 before another big dump to 1630 - 20 area for the last real correction before the next cycle. I'm still watching closely all the inner moves, measuring and counting those to try to predict the upper waves and from a month, untill now this is the only count that makes a real sense to me. So lets see if this will be followed by the price.
OANDA:XAUUSD
by fra978
12
Most Exclusive BTC chart nobody is showing youWe want to be at the green trend. We are approaching the orange trend. And we fear the red trend. All these trend lines are very possible and currently the bulls are pushing for the orange line with aspirations to meet the green trend line. But we have to be aware of and fear the potential breakdown curve. Nothing fancy about these trend lines, just validating previous points of confluence with daily candles since the start of this bull run. The price action tells us where we should be compared to where we could be. Keep an eye for potential break downs to the red curves. Like and share our chart to keep more no cost TA trending. We have been approached by many traders who want to pay for personal TA. A program is being designed for paid TA, but long as our charts receive more likes and followers you will keep receiving very valuable charts and analysis to help you make informed trade decisions. We will not recommend any trades, but we will give you tools to make your decisions based on your own research. As always, HAPPY TRADING!!!
BITSTAMP:BTCUSD
by hbayatne
4
EURUSD WEEKL ELLIOTT WAVE ANALYSIS Chart Pattern IdentificationThe EURUSD structure is quite difficult in many respects. Prior waves on the monthly and weekly could pass for both corrective and some misleadingly as motive waves. We have correctly distinguished the different aves structures. Particularly the last arm is projected by a number of analysts as motive when it actually fails the test for motive wave. The first three segments are EQUAL in both Price and Time. The Rule is : .
Long
by Mvemve
EURUSD WEEKL ELLIOTT WAVE ANALYSIS Chart Pattern IdentificationThe larger structure indicates that he last arm is not impulsive but Corrective. The possible wave development and termination are indicated. The waves indicated fail for reason: the 3 segments are uncannily equal in price and time taken to complete. On the other hand IF one were to count each of the segments as possible waves 1, 2 and 3and 4, tghen the last segment should be Wave 5 and a correction should be expected. However that is not the case. The expectation is for another up wave to proceed from 1.17711 to around 1.132714 and above. Which is quite curious under the circumstances.
by Mvemve
BTC - H1/M15 - FACING FIRST RESISTANCE (38.2% FIB RET ) @ 56097H1 : Recent price action triggered a corrective recovery towards a high so far of 56450, making on H1 closing a doji pattern = indecision and uncertainty Last candle did not managed to close above the 38.2% Fib ret @ 56097. Cluster H1 support is between 55500 (MBB) and 55250(KS); a failure to hold above this area would again trigger another wave of selling pressure targeting a retest of former lows. M15 : Caught in a kind of triangle pattern with 57000 on the upside and 53000 as pivot level area for further development. Watch clouds as a very short term support zone All the best
BITSTAMP:BTCUSD
by Ironman8848
4
SSYS: Will it make a new all time low?Figured I'd keep the trend of 3D printing stocks going. This is one I bought after the "crash" and just sold for a loss. After seeing it not reverse I felt I should re evaluate my analysis and see where I went wrong. I thought the correction was over at the 11.91 low. bought on a setup on the 1hr which initial looked good, but then became a flat to continue down. I'll post that in the comments. I see some inverse correlation between this and the 2 other print stocks I follow DM, and NNDM. It looks like both of those are getting ready to continue on the uptrend, and this one looks like it will continue down to make another low. After this happens I'd like to look for buy setups again. Until then I'm watching for a correction within this bearish impulse to confirm my current count. What's your favorite 3D printing company? Thanks for looking!
NASDAQ:SSYS
by adambiers