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Eliottwavetheory

omg network with a clear five waves up cryptocurrencies have been bullish lately and many rumors as usual circulating on the web, however on this chart we can see an impulse of 5 waves followed by an expanded flat which lands on 78.6% fibonacci ret , then have another impulse wave began on March 11, 2023, which confirms 5 wave up of something comming up. it could be the start of a third wave as it could be C wave,overall we have to wait to see if it is a large ABC corrective move or we are indeed in an upcoming bullrun...
KRAKEN:OMGUSDLong
by IntraFinance
BTC EW correction analysis: Bear variantThis count presumes that the entire move to 69k was a B wave. Which would explain why there was such an unclear wave 1 in the previously named wave 5. We should expect a counter-trend move heading to the 0.382 of wave 3 which would overthrow the A wave slightly. BE AWARE OF THIS TRAP! After that we should proceed lower with very strong momentum to finish the wave 5. Note that there has not been an extension in the 3...! TLDR There's a strong possibility that we have a short bull trend breaking 25k high slightly before resuming down Bull variant will follow soon.
COINBASE:BTCUSDShort
by Gojira-san
2
How to define the end of a correction based on time - EWHi EW Fans, made you a CheatSheet how to define the end of a correction based on time. If you are sure about the start of a wave/impulse you can very easy define a possible time "vector" for the end of the correction. Start of the impulse = Zero Top of the impulse = 0.382 End of the correction at the common Fib numbers: 0.681/0.65; 0.89; 1; 1.272; 1.618 and so on. If you combine it with a Fibonacci Retracement Tool (LogScale) you are able to define a price and time "vector" for a possible reversal or for the next impulse/wave. Greetings
BITSTAMP:BTCUSDEducation
by UnknownUnicorn39812589
2
Silver Market near to bottom Silver got off to a good start and built a clean 5-part move through September 12, where it closed the wave at $20,020 per ounce. Expected after wave is a correction between the 0.618 Fibonnaci retracement and the 0.887 Fibonacci retracement. This area, starting from 18.4$ has silver now expired and with the entry of the territory of the (i) now the alternative wave (iv) excluded. Silver is expected to change trend direction in the pink trend reversal area and complete the , then continue to rise higher in a wave .
COMEX:SI1!Long
by DavidJankowski
paypal (pypl) on bullish trendPaypal (PYPL) shows a very clear picture in the chart structure. We have two possible scenarios here, whereby the alternative scenario only has a probability of 20% due to the sell-offs. Thus, I assume that Paypal saw the low at $68 on June 29 and has been in a wave (1) since then, which was completed August 16. Since then, the stock has been building a clean a-b-c correction, where the c should bottom in the area between the 0.618 retracement ($81.36) and the 0.786 retracement ($75.52), and then sustainably rise in a wave (3).
NASDAQ:PYPLLong
by DavidJankowski
1
Nifty wave 4 completed now heading towards 17928-As discussed yesterday Nifty confirmed wave 3 & today itself it gave retracement of wave 4 -From now on nifty at the time of closing Nifty gave very small bounce from 17779 which is where 38% level is -We can assume that wave 4 is completed here & from tomorrow we are heading towards wave 5 -Target of wave 5 is 17919 also because our wave 3 was extended & wave 5 may get extended or not but it should atleast target high of wave 3 *If market breaks 17665 then this whole theory gets invalidated*
NSE:NIFTYLong
by mr5476
Silver Market (30m)The silver market is in a clean 5-part uptrend right now. The correction was completed cleanly between the 0.618 and 0.786 Fibonacci retracement and since then it has been impulsively moving upwards. The (iii) has captured the 2.618 Fib extension and then completed cleanly into the (iv) (around the 0.5 Fib). Now silver is in the ii of the (v) of the . If silver does not penetrate the area of the below 18.745, it can be assumed that the analysis is correct. If the price turns within 19.1 and 18.8 in the ii, we are in wave iii of the (v) of the . I am eager to hear your ideas!
COMEX:SI1!
by DavidJankowski
1
Is the correction finished?I think we are still in the possibility that this is all a triple correction and there is still a final drop according to Elliott. And by psychological analysis, after the waves of large liquefaction, it is necessary to give an answer to the market to suspend the small fish. It is illogical for the price to flow with that nonsense to rise directly without noticing large volumes. I have 3 possibilities to think of: 1- We will visit 18 thousand and we will go up because everyone will think that we are going down to 12 thousand, especially after the answer that the market has gained. 2- Not to stop within 18 thousand and penetrate it directly, I think because the price will not go down under 14 thousand, but the bottom cannot be expected before you saw the drop and its shape, so it remains talk. 3- This is a real bullishness and we missed the bottom. We are waiting for the end of wave 1 of the impulsive wave (I have not been able to draw any impulsive wave that supports this analysis). Please let us know what you think and what you think
Short
by seif2850
1