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Ethereum/TEtherUS Elliote Wave setup BinanceHello, Guys Now Ethereum has Riding on impulse wave 5 and has Expected to shift on corrective of ABC wave. When you extend Third-wave that did travel more than 161.8% at 230 of Wave-1 is considered as an Extending Wave. @ 4 Wave completed at 200 Now if you can Like to entry in ethereum according to wave principle you can average your Shorting position until 250 -260 or shorting between this area. Use minimum leverage for creating your average shorting position! Thanks
Short
by Trading_buddy
1
BTC (Y20.P3.E9).Macro.Formation.v2Hi All, This post is a continuation from my previous version 1 post which for now looks like it was spot on. Refer to the bottom of this post for the chart. > Hence it gives me somewhat more confidence to use this methodology for the next round of the cycle since we have the latest price action and what I presume was the top (as we have broken the uptrend with no new higher highs) > This methodology refers to the Inverted BARR approach. Using this to identify 2 potential targets and applying it to the macro structure, it seems there is confluence with the ABCDE elliot triangle correction wave. ( For a TA explanation of this chart, in terms of lead in trend lines and how they are used to deduce the target, then please refer to the post below and a video post to support it) Summary (What to take from these charts) ======================================================================================= > Note: Diamond top pattern, reversal pattern > We have the 10/20 EMA converging around the 8150 range on the Weekly > We have the 100 EMA 7400 range which played a significant role in the past in terms of support > With the Inverted BARR we have the bottom around 6700 and 7000. > Using the volume profile approach, we have 6700 as an area with strong support, so just above it, is 6900. This also has confluence with the 0.5 fib retracement. (refer to chart below) > Looking at the chart, the range from 7500 to 7800 looks like a strong support area which has confluence with this strategy. > So these 2 areas are of interest to me in terms of going in long\strong. That is 6700 and 7500, more so, 6700 to 7000 if I was to choose. > I expect a nice bounce when we hit the 0.236 fib level (double bottom) around 8350 -8500 and 7850 to 8050. > I expect a strong rally at the 0.382 fib level 7450 We plan and the market makers plan, so we just have to take each level as it comes. WEEKLY Chart with 20/50 EMA ribbon and the 100 EMA. One can see in an uptrend, the weekly 10/20 ema played a significant role and the 100 as the V1, Previous post
Long
by ssari
BTCUSD - Is this the final straw??Good morning @everyone We had a decent volume injection overnight, pushing us down, giving us a near 700$ swing. This is a good sign, depending on what side of the trade you're on. Since reaching 10k, we printed nothing but LHs, the move last night was no exception, while we have been toying with the idea of this trendline, I'm not sure how much give it has left. I'm still very much aiming for that 8800 area, the overall market structure (highlighted in while, especially on the 4h) supports this. On the 1D however, we are slowing moving sideways, which is cooling off a lot of our indicators, most of which are moving right and showing no clear direction. AIO Down - 8800 AIO Up - 10000 - 10100
BITSTAMP:BTCUSD
by Unity-Trading-Group
Bitcoin and the Impending SqueezeI believe that Bitcoin is currently in the process of forming a triangle squeeze in a range just under the big weekly sym triangle, with an eye to breaking out of it in early June. My actual prediction for what is likely to happen is that we get rejected again around the 9800 region (if we make it that far, we then fall back down and continue to make higher lows on the daily squeezing into mid June before finally breaking UP out of the smaller triangle we form. The squeeze will be aided by the rising 50 and 200EMA which hopefully will support and squeeze us into this narrow range. Here you go... This is voided should we close a daily below the base support of the prior rising wedge formation we broke out of.
BITSTAMP:BTCUSD
by Richyboy36
If Price Stay Above 8200$ Then BULLISH TOWARDS 10,200$ to 13k$Daily Candle Bullish = Target 10k to 13k Weekly Bullish same trend towards 13k If price break 8200$ then we can see support level 7200$ and 6600$ but this Dump Good to next bull run. Wait for some correction downside 8200$ for long and Halving event might different this time, due to uncertainty of market possible DUMP hard and later on-trend towards ALL time high 20k coming months 🛑SUPPORT/RESISTANCE ✅S1= 8200 ✅S2=7400 ✴️R1=10200 ✴️R2=13000 Please like, share, comments and follow me to get daily base analysis Thank you for your support, I appreciate it.
BITFINEX:BTCUSDLong
by Allmypips
Alternative Bullish Elliott Count! (8100)Hi guys, As I've told some of you already, I woke up this morning with some doubts about my previously shared Bearish Idea (linked below), as the Elliott structure on the lower time frame didn't really seem to make sense. I had to come up with an alternative, and had 2 possibilities, so I went with the one that made most sense to me, which I am presenting in this bullish alternative idea. Which is in fact bullish short term, bearish mid term, and bullish long term . As you can see by my subdivision on the lower time frame, we would only be at the 3 of the 5 at that 7300 mark , we still would need to put in the 5 after all. Do I suggest you to long here? Well, I suggest you to keep it safe, don't use high leverage, put in a stop loss and move it around, like I advise you to do each time. However, if you are keen on longing, you might want to wait for another short term leg down which could indicate a completed ABC correction and the perfect spot to long in this play. Who's with me to long 6450-6500 and see what will happen? Who's with me to short 8100 if we get there and see what will happen? I am very curious and excited to what's next, I took partial profit on my short already and am still glad I took it around 7k as mentioned before. As to how this will play out when we reach 8100, it will become very obvious that the same support structure visible in my previous idea (5400-5500) would become the golden pocket area if we finish this wave at the 8k area , so the bearish pattern in my previous Idea would be valid once again, even if this scenario is the one that plays out. Of course, I will create a new chart and update this post if we were to hit 8100 to show you what I expect this market to do and how I will be trading that. One again FYI, the 8100 level is somewhere in the middle of the golden pocket area from the entire Corona fear move starting at 10.6k and ending at 3.8k (Coinbase) , for that reason it is very very very likely to form heavy resistance if we get a 5 that high, and I see no reason not to sell your position when we do, but I am not a financial advisor and you should make your own decisions and DYOR. I wish all of you good luck and stay safe! PS: This might be interesting for you if you wan to learn more about FIB and Elliott trading, I have a lot of respect for Sam from TradeDevils and have been following him for years, I suggest you do too! I am still a noob in this stuff, and I would consider him to be a professional.
COINBASE:BTCUSDLong
by ItsShowtime
12
Bitcoin - Potential Bitstamp Triangle Breakout So to be clear, this is only showing on Bitstamp - not other exchanges. Therefore it is probable that a breakout hasn't technically occurred. It's interesting nonetheless hence why i'm posting it. We can see that we have closed 4 hour candles above the triangle resistance. This is good, the candle broke with volume - also good. The not so good is that the red dashed line is the other potential trend line one could use to draw the sym triangle and that's right... we have hit it and been rejected. This likely indicates that the red dashed line is the true upper triangle resistance line and this matches up to a number of other exchanges as well. With that in mind, you should not be trading this pattern at this point but instead wait to see if the red dashed line can be broken on a 4 hour level. Until then just hold tight and see what happens. A very good scenario would be a pullback to the original breakout resistance, a lovely retest and bounce taking us back up to the red dashed line. From there I'd love to see us hold for a day or so before breaking through it.
BITSTAMP:BTCUSD
by Richyboy36
2