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Cwave

IMW may bottom out in mid-MayFor context please note we are dealing with weekly candlesticks here, I'm pointing that out b/c people are used to seeing shorter time frames and I don't want anyone to be confused. Overall I think we are in the beginning stages of a large degree C-wave in an ABC correction. I am neutral on the Russell as of now b/c I think we need a smaller degree B-wave up in the ABC pattern of the C-wave itself. Also note that a curved arrow in my chart represents a huge gap that must be filled sooner or later. Once IWM starts to dip again I am targeting the 123 region in May of this year, price is based on the notion that the large degree C-wave may be roughly equal in length to the initial A-wave and duration may be similar as well, Obviously this is a rough guide and once she starts to bottom we may take note of bullish divergences and/ or volume patterns indicating it may be time to reverse up. Again, I am bullish short term and bearish months out. Please ask any questions and share any thoughts, thanks.
AMEX:IWM
by TNasr
BTC has broken the long-term resistance, ZOOM IN & LOOKOn all exchanges it looks like BTC has broken the long-term descending TL that WAS a steep sloped line so sideways action has done the trick. We could draw a new line but it just wouldn't be perfect like this one. This also gives us room to complete the ole C wave taking BTC to that 4300 range. Please leave feedback, it's much appreciated! Funny fact: I just figured out that when looking at "Trading Ideas" of anothers' chart, you can set it to "auto" "lock" or "scale price chart only" with a right click in the price column just like your own charts. I've been stretching up down and sideways to zoom in and out and I've prob wasted a couple hours doing it, that I'll never get back! So if I can save just ONE person even ONE minute who, like me, wasn't aware then I've done my job. lol
BITFINEX:BTCUSDLong
by yankecwby
14
DXY - SHORT c wave of correction patternAs far as I see we are in the middle of a smaller b wave within an abc pattern forming a bigger b wave ending around 96,01 (61,8% of the bigger a wave). From there it might be a good idea to short again to at least 93,74 (27,2% ext. of the bigger a wave) or even down to 92,85 (61,8% ext. of the bigger a wave) completing the abc correction pattern and kick of the final c wave of the major abc correction. This will probably go up to 99,36 (27,2% ext. of the first leg of the weekly impulse.) Good Luck :-)
TVC:DXYShort
by PipNibbler74
1
Where will Bitcoin Stop! Top secret Analysis !LOLIm a stickler for big titles..lol this is my approach to looking at the potential reversal zone or completion zone for BTC. the fib Extension of the previous C wave of the 1st Corrective Structure is what I am using. I believe that if we are indeed in a C Wave of a correction,,, then it should retrace to at least the 127. Extension of the previous C leg. As we stand aside and count the waves 1 by 1 we will know more as time progresses if we will go even further. Get you surfboard ready to ride the fears of others as we slide down to 7K
COINBASE:BTCUSDShort
by MoneyMovers
1
ETHUSD Perspective And Levels: Corrective Wave 300 Support.ETHUSD Update: Corrective wave in play with one more leg to complete which can lead to a retest of the low 300's. A break above 334 will signal the next leg up is in progress. In terms of wave count, we are in the C wave of subwave 2. C waves are usually impulse patterns and often make people uncomfortable. We have nothing to worry about because upon completion of this wave, there may be an attractive buying opportunity. I am looking for this wave to complete in the low 300's, or even possible mid 290s. In that price range there is a .618 minor support that is relative to the most recent bullish swing. So it would be a convenient area to look for reversal patterns such as a double bottom on a smaller time frame. The next leg up should be the subdegree Wave 3 which in terms of proportion can lead price into the 380 resistance area or higher. A long taken in this area would prompt me to place a stop in the mid 270s, and targets at the 345 and 374 levels. Why two levels? Because once I'm in a trade, my goal is to reduce risk and locking in profit along the way is one way I do that. We have no control over profit targets, the market may or may not reach them, but we can control our risk. As you learned from my previous trade, I turned it into a risk free trade as soon as the market let me. It took me a long time to learn this lesson, but the focus on trading should be on making a good trade, not the profit. Profit follows good trades. It is counter intuitive, but if you manage to gain enough experience, you will eventually understand this. In summary, this market is still poised to go higher in the long run. As long as the 279 and 263 supports hold, chances are we push to new highs sooner than not. At the moment we have one more leg of the corrective wave to play out which can complete in an area that may offer a buying opportunity. I have been saying this over and over, all this market needs is a good catalyst to capture the attention of investors and the next upswing will materialize quickly. Comments and questions welcome.
BITFINEX:ETHUSD
by MarcPMarkets
38