Get started

Elliottwaveanalyis

BTC educational EWHello everyone. I know we are all fearing a drop, bear market etc...However, I am here to tell you that we are bullish, so be calm and take some time off until things start moving again. Although I am receiving messages full of hate and criticism, I am still strongly bullish, and I will perpetuate my belief until proven otherwise. Here is an educational chart to show you some of my knowledge applied thoroughly to the chart. When I look at the chart, I base my first analysis using Elliott Wave Theory, and then I combine a long list of techniques, as you can appreciate from all my previous ideas. This can be confusing as many traders use simple strategies such as MA, Divergences, S/R etc. However, my philosophy is that markets are not simple, and they are the result of many intrinsic small actions, psychology etc. So I use as many techniques as possible to capture the different actions at any one time. Here I am laying out the most valuable technique of all. Elliott Wave Theory. The chart is self-explanatory with the comments. If you have any questions, please feel free to comment. I was thinking to do a live stream soon explaining some techniques, and I would like your input. Please comment below if you would like me to do a live stream and let me know on which technique you would like me to do it. FOLLOW ME, SHARE, LIKE AND COMMENT.
Long
by CFcryptoTA
2
USDCAD Is Heading Lower In Wave (v) of CUSDCAD decline from wave B high is taking the shape of Elliott Wave five-wave impulse pattern. The corrective sequence within the impulsive decline follows the EW alternation guideline. Wave (ii) was a sharp correction that retraced 61.8% of wave (i) and wave (iv) is a complex correction and has retraced 38.2% of wave (iii). Price is expected to head lower in wave (v) to complete the five-wave sequence in wave C. Other Confluences: - Price is retesting daily bearish order block (supply zone) - Price is rejecting daily 50 EMA as dynamic support (not shown on chart) - Doji at the supply zone What's your view on USDCAD? Let me know in the comment. Thanks.
Short
by Veejahbee
Trading Chaos Part 5 | CorrectionsHello, everyone! Last time we considered the Elliott waves 1-2-3-4-5 cycle. Today we are going to talk about correction types. Corrections contains of 3 waves A-B-C. Bill Williams recommends to trade only Simple Zigzag corrections, but we also should be able to distinguish other types of corrections. Let's go! Simple Zigzag Correction If you find that the corrective Wave A consists of 5 waves there is a high probability that current correction type is simple zigzag. If you decided to trade this correction, you should wait the Wave B end and execute the short trade. How to spot it's end? Find the target zone, usually it is between 50% and 62%, one of the three bars on the top should be the squat bar. Also you should find the fractal on the top.
Education
by Skyrexio
1
Trading Chaos Part 4 | Elliott WavesHello, everyone! Today we are going to spot the most important and challenging part of Trading Chaos by Bill Williams(BW) – the Elliott waves. This analysis is the most efficient in combination with other techniques of Trading Chaos. Market always moves with the waves and BW developed the conception which eliminate the uncertainty of Elliott Waves. In this article we will consider every wave and explain how to spot their target areas. First of all we need to understand the 5 “magic bullets” which kill the trend. They are: Divergence with the Oscillator Target zone The squat bar at the one of three top bars Fractal at the top Momentum change Today we are goin to consider only the target zone. Other tools we will reveal in the next articles about Trading Chaos. How to spot Wave 1 start? Research the last wave from the previous trend. This should be wave 5 or c. This last wave have the typical structure of waves with less scale. You can use the technique for Wave 5 end defining to spot when trend is finished. How to spot Wave 1 end? Search the 5-waves structure inside the Wave 1. You also should spot the 5-th wave end. Use the 5 “magic bullets” which usually kill the trend.
BITSTAMP:BTCUSDEducation
by Skyrexio
2
We are probably at the beginning of the initial phase of wave 3Tomorrow (10/09/2021) we could experience the confirmation of the initial phase of wave 3, since today the price could not penetrate the zone of the lows that RHE left on September 7. This is a possible signal to enter in the purchase of the fractal major: it began with the low of August 17, in September 31 completed its first wave. The key is that in the morning session and next sessions comfirm the floor that was created in the last Tuesday, September 7, is not broken. Its greater if the confirmation of the movement are quickly to upwards. This idea may take until Friday, September 24 to be completed
RLong
by soygeo
The scam of the year (BTC SETUP) 🚨🚨🚨So many people are about to get caught in this double zig-zag, thinking that it is a reversal to new highs. I'm here to warn you that we will not be making new highs on this aggressive move to the upside (to 39k) in the coming days, but rather it will be the final phase of distribution before MM dump the last of their bags on everyone. Don't get caught in this trap, as it is going to happen Very quickly. Scalp it, sell on the way up, set your take profits, move your stops up as we go - do whatever you can to protect your capital. You aren't going to want to be a part of what is to come after this big move. My down side target sits at 23k to complete this Wave (4) correction, but I would not be surprised to see a liquidation wick bypass that 19k range to liquidate as many longs as possible before the real move up to 80~125k. You have been warned, trade safe.
CME:BTC1!
by notoriousbids
9