VIA/BTC 4H BUYVia/btc 4H buy for C subwave up to complete the larger degree B wave in this correction.
Elliottwaveretracement
Cron 23mar2019 update @cryptoKnee2 counts, left is weekly and right is daily for each count. Think we coming down for the 4, we are at some channel and PF fork resistance/support, but they are just imaginary lines. Could go deeper then the .5 potentially depending on the market over all. It my go as deep as 15 dollars ish. Deeper than that or even more time sideways may call for a recount. Monday will be telling, me thinks.
Elliott Wave View: Apple Looking for more UpsideAfter topping at $233.47 on October 3, 2018, Apple (APPL) dropped to $142.9 for a staggering 39% decline only within 3 months. From $142 low on January 4th, 2019, the stock has rallied and retraced 50% of the drop at $187.9. We think the decline from $233.47 to $142.9 only ended the first leg wave a. The rally from January 4 low thus is within wave b correction with subdivision as a zigzag Elliott Wave structure.
In the short term chart, we can see that wave (1) ended at 189.26 peak and the internal structure unfolded as an Elliott Wave impulse. Below from there it pulled back to $184.73 and ended wave (2) as an Elliott Wave double structure. Above from there, it made again a new high confirming the next possible extension higher towards 203.06+ areas which is the 4H equal legs of the ZigZag structure. As long as pullback stays above 184.73 it is expected to extend higher.
AUDJPY ShortAUDJPY looks to be a completed Elliott Impulse Wave during this trend of multiple higher highs & higher lows.
As of now, I'll be anticipating for a breach of the former higher low & a retest of the grey highlighted box before entering a short, targeting the .50 - .618 Fibonacci region.
Elliott Wave View: IBEX Shows Bullish StructureIBEX Elliott Wave sequence from 12.28.2018 low remains bullish , favoring further upside. Near term, the rally from Feb 11, 2019 low (8834.3) is unfolding as a zigzag Elliott Wave structure. The first leg of this zigzag wave A ended at 9361.4 as a 5 waves impulse structure. Wave B pullback ended at 9106.97 as a Flat Elliott Wave structure. Down from 9361.4, wave ((a)) ended at 9204.4, wave ((b)) ended at 9366.2, and wave ((c)) of B ended at 9106.97.
The index has resumed wave C rally higher and broken above previous peak on 9366.2. The internal of wave C is also unfolding as a 5 waves impulse where wave ((i)) ended at 9212.3 and wave ((ii)) at 9123.5 low. Above from there it is suggesting that it is still within black wave (( iii )). Anyway, near term, while pullback stays above 9106.45, expect Index to extend higher. We don’t like selling the Index and expect buyers to appear in 3, 7, or 11 swing as far as pivot at 9106.97 stays intact. Potential target to the upside comes at 9652 – 9771 area where wave C is equal to wave A in length.
Elliott Wave View: Nasdaq Correction In ProgressRally in Nasdaq (NQ_F) from December 26, 2018 low remains in progress as an impulse Elliott Wave structure. An impulse structure consists of a 5 waves move. Wave ((4)) of this impulse move has ended at 6965.57. As the chart shows, after forming wave ((4)) low, Nasdaq has rallied higher and broken above March 4 high at 7211.5, confirming that wave ((5)) has started. Up from 6965.57, the rally ended wave (1) at 7379.50 as an impulse. Internal of wave (1) subdivides into 5 waves where wave 1 ended at 7029.5, and wave 2 ended at 6983.5. Wave 3 ended at 7325.25 ,wave 4 ended at 7262.75, and wave 5 of (1) ended at 7379.50.
Near term, Index is correcting cycle from March 8 low within wave (2) before the rally resumes. As far as pivot at 6965.57 low stays intact, expect the Index to find buyers in 3, 7, or 11 swing for further upside. We don’t like selling the Index.
Elliott Wave View: Crude Oil Breakout In ProgressIn our previous Analysis about Oil we suggested that it is on the verge of a breakout. It has now confirmed our view as price extends higher and breaks above March 1 high at $57.88. The production output’s curb by the OPEC members as well as the political upheaval in Venezuela have contributed to the strength in Oil. Technical wise, the sequence remains bullish from both Dec 24, 2018 low and Feb 11, 2019 low. In the chart below, we can see a bullish sequence stamp and right side up to clearly show the direction that we prefer.
Since forming intermediate high on February 21 at $57.61, Oil has been in sideways and complex correction. The rally to $57.61 ended wave (1), and wave (2) pullback has ended at $54.49. The internal of wave (2) unfolded as a double three Elliott Wave structure. Down from $57.61, wave W ended at $55.02, wave X ended at $57.39, and wave Y of (2) ended at $54.52. Oil has since rallied and broken to new high above March 1 high ($57.88). This confirms the view that the next leg higher has started. Near term, while dips stay above $54.51, expect Oil to resume higher. A 100% extension from December 24, 2018 low can see Oil reaching $63.2 -$66 area next. We dont like the selling.
Elliott Wave View: Gold Can See Profit TakingGold has ended the cycle from August 16, 2018 low at $1347.18 as wave (A). The yellow metal is in the process of correcting the cycle from August 16, 2018 low in 3, 7, or 11 swing within wave (B). Near term, the decline from $1347.18 looks impulsive and ended wave A at $1280.49. The internal of wave A unfolded as a 5 waves impulse Elliott Wave structure. Down from $1347.18, wave ((i)) ended at $1320.79 and rally to $1333.13 ended wave ((ii)). Gold then resumed lower in wave ((iii)) at $1282.7, bounce to $1288.53 ended wave ((iv)), and finally wave ((v)) of A ended at $1280.49.
Wave B bounce is in progress to correct cycle from Feb 20, 2019 peak in 3, 7, or 11 swing. Current structure of wave B bounce is unfolding as a zigzag Elliott Wave structure. Up from $1280.49, wave ((a)) ended at $1300.8 and wave ((b)) ended at $1290.2. Expect Gold to see profit taking and sellers at $1310.67 – $1323.36. From this area, the yellow metal can either extend lower below wave A or at least pullback in 3 waves. As far as the current rally fails below $1347.18, we can’t rule out another leg lower to continue the correction from August 16, 2018 low.
Elliott Wave View: EURJPY Should Extend LowerEURJPY has ended the cycle from Jan 3, 2019 low at 127.5. We label this rally from Jan 3 to March 1, 2019 as wave ((X)). This means the pair is in the initial stage of turning lower and eventually can break below Jan 3, 2019 low (118.51). At minimum, the pair should be correcting the cycle from 1/3 low in larger 3 swing. The first swing ended at 124.25 on March 8 as wave ((i)). The internal of wave ((i)) takes the form of as a 5 waves impulse Elliott Wave structure. Down from 127.5, wave (i) ended at 126.14 and wave (ii) ended at 126.53. Pair then declined in wave (iii) to 124.65, and bounce to 125.02 ended wave (iv). The last push lower to 124.25 ended wave (v) of ((i)).
Wave ((ii)) bounce is currently in progress to correct the decline from March 1 high (127.5) as a double three Elliott Wave structure. Up from 124.25, wave (w) ended at 125.2 and wave (x) ended at 124.78. Wave (y) of ((ii)) is expected to see sellers at 125,75 – 126.3 blue box area and pair can either resume to new low from here or pullback in 3 waves at least. As far as pivot at 127.5 high stays intact, expect pair to see sellers in 3, 7, 11 swing and extends lower.
Elliott Wave View: EURUSD What’s Next?Last week the ECB (European Central Bank) has downgraded their economic growth and inflation forecast. In addition, it has announced a fresh stimulus in the form of TLTRO (Targeted Longer-Term Refinancing Operations). This is basically a long term loan given to banks to increase loan creation. If the banks can lend above a specified benchmark, then they will be able to borrow from ECB at a negative rate. This will provide incentive for the banks to lend and thus increase private spending in the economy.
EURUSD fell 120 pips as a response and broke below the previous low on 11/12/2018 at 1.1216. This has created a bearish sequence in the pair and favors further downside. The decline from 2/28/2019 high (1.1419) is unfolding as an impulse Elliott Wave structure where wave (i) ended at 1.1357, wave (ii) ended at 1.1408. Wave (iii) ended at 1.1290 and wave (iv) ended at 1.13253. Below from there it ended wave (v) of ((i)) at 1.11758 low. Near term, while bounce stays below 1.1421, expect pair to extend lower. We don’t like buying the pair and prefer further downside while rally fails in 3, 7, or 11 swing below 1.1421.
Elliott Wave View: DAX Structure Remains BullishShort Term Elliott Wave view in DAX shows a bullish sequence structure from December 28, 2018 low, favoring further upside. The Index has potential to reach 100% extension towards 11912 – 12157 before ending cycle from December 2018 low. The rally from December 28, 2018 low is unfolding as a double three Elliott Wave structure where wave ((W)) ended at 11321.62 and wave ((X)) ended at 10865.31.
Wave ((Y)) rally is unfolding as a zigzag Elliott Wave structure. The first leg wave (A) of this zigzag ended at 11676.86 as 5 waves impulse. Up from 10865.31, wave 1 ended at 11217.3, wave 2 ended at 11018.95, wave 3 ended at 11556.87, wave 4 ended at 11416.08, and wave 5 of (A) ended at 11676.86. Wave (B) pullback is now in progress to correct cycle from Feb 9, 2019 low (10865.31) before Index resumes the rally higher. We are looking for 7 swings lower to complete wave (B) in 11445 – 11341 area where buyers should appear to resume the rally for new highs or produce a 3 waves bounce at least.
Elliott Wave View: Further Strength in EURAUDShort Term Elliott Wave view in EURAUD suggests the rally from February 21, 2019 low (1.5736) is unfolding as a 5 waves diagonal. Up from 1.5736, wave 1 ended at 1.6019 and the decline to 1.5803 ended wave 2. Pair then continues the rally in wave 3 to 1.6072 and pullback to 1.5935 ended wave 4. In the 1 hour chart below, we can see the internal of wave 3 unfolded as a 5 waves in lesser degree. Up from wave 2 at 1.58, wave ((i)) ended at 1.5963, wave ((ii)) ended at 1.5876, wave ((iii)) ended at 1.6046, wave ((iv)) ended at 1.5976, and wave ((v)) of 3 ended at 1.607.
Wave 4 pullback has ended as a double three Elliott Wave structure at 1.5935. Down from 1.607, wave ((w)) ended at 1.5965, wave ((x)) ended at 1.6038, and wave ((y)) of 4 ended at 1.5935. Near term, while pullback stays above 1.5935, but more importantly above 1.5803, expect pair to extend higher. We don’t like selling the pair and expect further strength in the pair. Possible upside target wave 5 equal to wave 1 comes at 1.621 – 1.627 area.
BTC:USD Weekly EW Counts with SMA & SAR Support/ResistanceWeekly Timeframe Forecast:
Since December 2018 where we bottomed at 3122 and topped at 4236 we've been on a complex corrective structure, which leads me to conclude we're in a B wave formation with a possible C Wave in the works. Here's why:
WXY Pattern to retest December 2018 lows
ABC Correction to retest the highs at 42K.
A possible Ascending Triangle formation (a double top).
A wave height extending 1.618 from a B wave ending at 1.272 Fib extension from our recent top at 4190.
Sideways Action to test SMAs:
After the impulsive drop on Feb 18th, 2019 we're pushing upwards to test the 20W SMA and break through the weekly SAR points along the way (which we haven't done since July 2018). Expect a rejection to retest the 200 SMA (which converges with the ascending trendline of the Ascending triangle and the 1.272 Fib extension from our most recent top at 4190).
Confirmations:
A bounce off the 200W SMA, a break above the 20W SMA (which we haven't done since July of 2018) and a push above the ascending triangle will confirm this ABC corrective pattern and will catch price up to the 50W SMA. Expect a massive rejection there.
Invalidation:
A break below the 200W SMA and the December 2018 lows will invalidate the Ascending Triangle formation and the ABC corrective pattern.
Thanks for reading. Good luck trading.
Elliott Wave View: S&P 500 (SPX) Should Find Buyers AgainShort Term Elliott Wave view in S&P 500 (SPX) suggests the rally from December 26, 2018 low (2348.50) is unfolding as an impulse. Index has ended wave ((3)) of this impulse move at 2816.88. In the chart below, we can see wave (5) of ((3)) move from 2612.42 low subdivides in 5 waves impulse of a lesser degree. Up from 2612.42 low, wave 1 ended at 2738.98 and pullback to 2681.83 ended wave 2. Index then rallied again and ended wave 3 at 2813.49. Wave 4 pullback ended at 2775.13, and wave 5 of ((3)) ended at 2816.88.
Wave ((4)) pullback of the larger degree is currently in progress before Index resumes the rally higher in wave ((5)). The internal of wave ((4)) is unfolding as a zigzag where the first leg down to 2767.66 ended wave (A). While wave (B) bounce stays below wave ((3)) at 2816.88, expect Index to turn lower to continue the zigzag correction within wave ((4)). We believe dips in the Index still can see buyers in 3, 7, or 11 swing for 1 more leg higher in wave ((5)) before cycle from December 20, 2018 low ends. We don’t like selling the Index.
Elliott Wave View: Short Term Bullish in AlibabaShort Term Elliott Wave view in Alibaba is bullish with the rally from February 8, 2019 low ($163.58) unfolding as an impulse. Furthermore, the cycle starting from January 23, 2019 low has not reached 100% target, thus still favoring further upside. Near term, rally from Jan 23 low to $171.05 ended wave ((i)) and pullback to $165.09 ended wave ((ii)). Wave (( iii )) ended 187.45 peak.
Up from $165.09, wave (i) ended at $172.68, wave (ii) ended at $169.8, wave ( iii ) ended at $183.72, and wave (iv) ended at $178.71. Wave (v) unfolding as an ending diagonal which ended at 187.45 peak. Below from there, the stock should now pullback in wave ((iv)) to correct cycle from Feb 19, 2019 low in 3, 7, or 11 swing before the rally resumes. As far as pivot at $165.09 stays intact, favor more upside in Alibaba in near term.
Upward movement coming for Holo(HOT) Helloo!
Holo (HOT) at the moment is in the last downward movement of the 4th wave, the wave we are actually in, so I've put my buy orders between the 61.8 and 66% retracement of the 3rd wave(0.00000023) .This level for me is key because here you have
-Golden pocket retracement
-Top of wave 1
-C wave of 4 we're in will be a 100% extension of A wave of 4
Knowing that as wave 3 is extended,wave 5 could be same lenght as wave 1, I'm gong to take 50% of profits at that level(0.00000040) and if we manage to go higher I'll have a look to the second target which is 161.8% of wave 1 (0.00000051), 'cause you don't want to take profit and lose a potential 3rd wave extension ( if we count this as a 1-2-i-ii instead of a 1-2-3-4).
This is a quite risky trade 'cause you could miss the move if price doesn't retrace to the 23 level, because we pretend wave 4 to kiss wave 1, so I have a smaller buy order a 25.
Stop loss could be at 19-20 because a wick is "allowed" into price 1 territory.
Hope to read your comments and ask to your questions.
31tc01n rul35!
cheers
Pupulandia
BTC:USD WXY Correction 2013-15 & 2017-19 ComparisonSummary:
2013-2015 and 2017-2019 bear markets show a similar WXY count supported by a Schiff Pitchfork lower warning line hit and Fib Retracements confluences.
WXY Count & FIB Retracement:
Measured from the A wave of the W count, both the W wave and Y wave extend 1.272 in 2013-15 Bear Market. Similarly, measured from the A wave, both the W wave and Y wave extend 1.618 in 2017-19 Bear Market.
FIB Confluence:
In the ABC correction for the Y wave count in 2013-15 Bear Market, wave B extends .50 Fib and bottoms at the .786 extension creating a confluence at the 1.618 retracement. Similarly, in the ABC correction for the Y wave count in 2017-19 Bear Market, wave B extends .50 Fib and bottoms at a 1 to 1 extension creating a confluence at the 1.618 retracement.
Schiff Pitchfork:
The 1.272 retracement creates a confluence with the Schiff Pitchfork lower warning line (two standard deviations away from the mean). Similarly, the 1.618 retracement creates a confluence with the Schiff Pitchfork lower warning line (two standard deviations away from the mean).
Forecast:
Sideways movement to test the median line. More sideways movement to break through the median line, test it and finally break through the upper warning line, test it, find support and confirm a Bull Market Run.
Invalidation:
A rejection by the Median Line in the Schiff Pitchfork or any of the standard deviation lines or price is unable to cross and find support above 6,400 and/or cannot find support at the 200 Week Moving average as it retests it and breaks 2018 December Lows will trigger an WXYXZ correction pattern.
Elliott Wave View: Crude Oil on the Verge of a BreakoutSince bottoming at $42.36 on December 24, 2018, Crude Oil (CL_F) has rallied more than 30%. The initial rally to $55.75 on February 4, 2019 took the form of an Impulse Elliott Wave structure. We label this 5 waves rally as wave ((A)) of a zigzag Elliott Wave structure in higher degree. Then the pullback to $51.27 ended wave ((B)) as the chart below shows. From there, Oil has broken above wave ((A)), suggesting that the next leg higher in wave ((C)) has started.
Internal of wave ((C)) is unfolding as a 5 waves impulse where wave (1) ended at $57.61 and wave (2) ended at $55.02. As is typical of an impulse, we can see the fractal nature with wave (1) further subdivides into 5 waves impulse in lesser degree. Wave (2) unfolded as an Expanded Flat Elliott Wave structure where wave A ended at $56.64, wave B ended at $57.81, and wave C ended at 55.02. Oil is now within wave (3) of ((C)) and should continue higher while dips stay above $55.00, but more importantly above $51.27. This view will gain validity if Oil starts to break above February 22 peak at $57.81. We don’t like selling Oil
Elliott Wave View: EURJPY Rally Should ResumeToday we will have a look at the EURJPY 1 hour chart
After bottoming on January 3, 2019 low, EURJPY shows a sequence of higher high and higher low. We can see from the chart above that it has a bullish sequence and right side higher stamp. This suggests that pair should resume to the upside as far as dips stay above 124.1 (the invalidation level). Rally from February 9 low (124.14) is currently unfolding as a 5 waves Elliott Wave diagonal structure. Up from 124.14, wave ((i)) ended at 125.54 and pullback to 124.21 ended wave ((ii)). Pair then rallied in wave ((iii)) to 126.30. Below from there it ended wave ((iv)) at 125.54 low. We expect soon the cycle from 02/09 low to end in wave ((v)) of A. Afterwards, EURJPY should do a pullback in wave B in the sequences of 3-7 or 11 swings against 124.1414 low. We dont like selling the pair as the right side is to the upside.
