Get started

Elliottwaveretracement

$BNB USD - unstoppable or already done?Hey guys, Thank you all for the recent comments, likes, and PMs. It really helps me out a lot as a trader on this awesome platform. BNB has been working overtime lately so let’s take a serious look at it to see if there’s still more room or if that’s it. Since these recent waves (from Feb 6th to June 6th) are more of a side way action than actual impulse waves, I’m going to call it a smaller degree correction of a larger correction. So if the wave from Jan 12th to Feb 6th was the first of 3 waves down, and the recent sideway waves are the corrective waves, then we should expect the last and final wave to go to roughly to either $7.50 or $5.50 range. Technically we are looking bullish. However there is a resistance by the recent higher high trend line, as well as the .618 retracement of the wave from Jan 12th to Feb 6th. These along with other indications from BTC, we can safely assume that we should start seeing BNB correct. I'll be updating this post with more details on target the closer we get to that time. Please don’t forget to like or comment as it always helps to get feedback from you. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Short
by Kinashi_San
7
Elliot V(ii) Retracing - uptick in the downleg ongoing...The bearish inverted triangle better shown than my last idea. I could be wrong and this bull could take off running again but I wouldn't bet on it just yet. I think traders have discounted the Donald's tariff war but the full impact of waging fiscal war on the entire world will slowly dawn- prices going up, profits down; and we're close to the first rate hike maybe in mid-June. We have divergence in DOW and NDX with weak gains on Industrials, rampant speculating in techs - gap-ups are bearish too. If the hike is small there could be a relief rally off the news. Q1 earnings really over now and little driving force upwards. Lot of skittishness. Q2 two months away. Been expecting DIA 238 for retest trendline and we got to 242 last week, but the rally off that is weak and volatile- whipsawing on small volume, not a real bullish run. Real run will have steady gains day after day on heavy volume >400m daily and rising boats in all sectors. This ain't it IMHO. I been wrong before; hope I am again! Brace for impact and have ready cash at 23800! Idk if I would short this retest, its risky; I am just sidelined atm, good chance to get burned here IMHO.
DJ:DJI
by DaddySawbucks
BTC FACES THE MOMENT OF DECISIONHey Everyone, I am back! I have had a night off and got some sleep! Oh how the world looks better after a full night's sleep! I am going to start with a story, I am also a screenwriter and novelist, so if you just want the analysis please skip this bit :) BTC has had her ups and downs lately, but very very soon she is about to face the moment of decision where she is face to face with Mr. Blue Eyes... You know those crazy feelings you have when you are wondering where a relationship might go, this is how BTC is feeling right now, she has a few pathways she could follow... 1. This is the path to ultimate bliss, cloud nine. 2. She's taking it slow, she thinks this is the real deal and doesn't want to ruin a good thing, she's going to take it slow. 3. Mr. Blue eyes is nothing like she expected, RUN BTC RUN. So these are the crazy feelings BTC is experiencing right now, it is all part of the thought process when you are about to meet someone for the first time... will they like me, and if they don't like me, why not? Silly questions really but they come from all the insecurities we feel from past relationships, unfortunately no matter how hard we try, we all carry some sort of baggage with us. So this is where BTC stands right now, she has had lot's of conversations, messages and moments with Mr. Blue Eyes, but later this week, that moment where BTC makes her decision as to which way she decides to go... TECHNICAL ANALYSIS BTC is in a 5 wave impulse - right now it it not feeling like a wave 3, due to lack of strength and volume. We have the lowest volume right now for almost 30 days. Apart from a small spike here and there, it is declining. Our scenarios are as follows... 1. Small retrace after 5 waves to $7500 2. Deeper retrace to $7250 region (most likely in my opinion) 3. Bounce on long term trend line with break to lower levels - Next support levels $6850 - $6400 - $5950 So for now... Safe and happy trading! REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION (minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!! Lisa N Edwards - LNE DISCLAIMER: The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons... PS make sure you give me a like.... I work for likes <3
BITFINEX:BTCUSD
by LisaNEdwards
73
$IOTA BTC - quick and simple 5th wave 25% gainHey guys, I normally post trades that are at least 1:5 risk/reward ratio but being that this is such a sure shot, I figured why not. There are a number of signals in the smaller time frames that say IOTA is done with its third wave. Among them is an ending diagonal fifth wave of a third wave, so for sure our third wave is done. With that said, we can look for a correction here to either the .382 or .5 retracement. This happens to be a confluence with the 200MA on this 4H chart. Normally when you get a fib zone right at an MA, you can bet your pants we’re gonna dance. There are 2 stops you can take. One would be 500 satoshis below the MA which I feel is risky since the correction can go all the way down to 20688. A safer stop would be below that at roughly 20500. This trade is unlike my other trades in the sense that you don’t have to wait forever for it to materialize. You get in, get out, pocket the profits, and go buy your family a nice dinner. Wham bam, thank you mam. Don’t get fresh and try to HODL beyond 28500 you dare devil you. Entries between 0.000232 and 0.000223 Stop: 0.000205 Target: 0.000283 I’ll be updating this as we go and if market condition dictates, we might have to close the trade early or take less profit and let the rest ride. Please don’t forget to like or comment as it always helps to get feedback from you. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Long
by Kinashi_San
2
Ethereum #ETHUSD - correction completed, time for a rally?After the completion of five growth waves at the level of $ 840, the price of ETHUSD fell below 61% Fibo and set a new local minimum at $ 492. The correction is ZygZak's character and this is a typical correction for the second wave. Nevertheless, the market is still below the local downward trend line and only a break above this line and above the resistance level of $ 615 would open the way to a potential attack on the summit.
BITFINEX:ETHUSDLong
by sebastian.seliga.7
8
The $NULS BTC train is departing soon 200% gain 1:12 RRHey guys, This is an update to my previous idea on NULS. Please see related idea below. It is not too late for entry into NULS. You can market buy below 52000 or set your buy for 50K or lowest 49500. Entry: 0.00052000 - 0.00049500 Stop: 0.00043500 Target: 0.00160, exit half at 0.00105 and wait for my update for re-entry. Please don’t forget to like or comment as it always helps to get feedback from you. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
NLong
by Kinashi_San
9
$ETH USD - Bull run or bust? 90% gain at 1:7 risk/rewardHello friends and fellow traders, welcome to this idea on ETHUSD. Looking at the weekly gives us a good idea as to how far ETH has come and where it’s planning to go. On a conservative estimate, I’d say $20K isn’t out of the question for ETH some day. From the surface, if one just look at ETH’s correction from $1400 to $360, one may arrive to the conclusion that yes, we’ve hit support and since we’ve past the .618 retracement, we’re likely done with the second cycle, wave II, right? Possibly, but I doubt it. Typically the second wave retrace does about .382, .5, or .618 the time it took to produce the first wave. So in this case, the earliest we should expect ETH to be done with its second cycle would be near the end of the year. With the short bull run that BTC will be having, it’s not out of the question to expect a short bull run for ETH, which may be followed by several months of correction to take it down to the low 300s. With those assumptions in mind, we do have a fairly decent trade setup as follows: Entry: $570 - $550 Stop: $500 Target: $1100, exit half at $800 and spread the rest up to $1100 I’ll be updating this as we go and if market condition dictates, we might have to close the trade early or take less profit and let the rest ride past our original target. Please don’t forget to like or comment as it always helps to get feedback from you. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
COINBASE:ETHUSDLong
by Kinashi_San
1
$NEO is about to turn up the heat! 200%+++ gains Guys, Let’s take a look at the Crypto God’s plan for NEO: We know NEO is about the take off, and it’s just a matter of time and having the patience to wait for this move. It’s all good because NEO pays GAS so the longer you HODL, the better! Knowing what we know from the chart, let’s put a trade together for NEO: Spread your entries: $52.50 down to $50.00 Stop: $44.00 Target: $175. Take half profit at $135 and spread the rest up to $175 Risk/Reward: 1:14 Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Long
by Kinashi_San
$ZIL BTC - the FOMO is strong - 120%++ at 1:10 risk/rewardLadies and gentlemen, This is an update to my previous idea which was doing well until we broke the structure trend line. I hope some of you were able to exit right at break as mentioned and still made a little bit from that last trade. Here we see the original idea (prior to the last idea) being developed. You can FOMO market enter here, or wait until the full story unfolds at 1250. Either way, we should expect near 3000 soon. If it doesn't go our way, we need to stop below the .65 zone since it might do .786 which is quite a bit further down Entries: .00001250 to .00001350 Stop below .0001150 Target: .00002900, take half profit at .00002450, and spread the rest all the way up to .00002900 Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Long
by Kinashi_San
18
$ADA BTC fifth wave pump 73% gain 1:6 risk/rewardSo we missed yesterday’s pump due to being too conservative with ADA but it’s still not too late to FOMO in =) I took a look at the previous count and felt it was questionable so I decided to go back to my original count due to the fact that we didn’t have wave failure yet so I’ll call this large corrective wave the 4th wave instead of the 2nd wave retrace of the impulse wave started from the middle of March. With this count in play, we see the fifth wave terminating somewhere around the 4700 range due to January’s supports. This idea would be invalidated if we break our support at roughly 2425 so our stop need to be around there, perhaps below the .786 retracement. With those items in mind, here’s our trade: Spread your entries: 0.00002725 down to .00002600 Stop: 0.0002325 Target: Half at 0.00004 and spread the rest up to 0.00004650 Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!
Long
by Kinashi_San
6
BTC is getting ready to test $7000 - $7100This is an update to my previous idea on BTC here: As you can see, BTC is following the playbook nicely. Next we’ll see a corrective wave towards the 7900 range which we should get denied and we should get a last and final impulse wave down to about 7100 or lower to complete this wxyxz falling wedge, which should also complete the larger WXYXZ triple combo. Let’s see how we fare Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Long
by Kinashi_San
3
$ELF BTC - beautiful falling wedge - 100%++ at 1:26 risk/rewardGood day traders I hesitated putting this idea up because at the moment, BTC might see support and rebound or it might just slip right through the triangle support and head towards the 4800 range. With that being an unknown, I normally would recommend a trade like this after the signal from BTC but with such a short stop at the moment, It’s a low enough risk trade that I feel confident about sharing Firstly, let’s look at the daily, we have a first wave that did 320%. Three hundred percent (insert jaw drop emoji here)!!! I don’t know many coin that did that much during their first push after the recovery from CME fall. Secondly, that push was eventually followed by a second wave correction that should end either today or tomorrow at or near the 100D MA. Third, back to the main 4H chart, we see that there’s a beautiful falling wedge which should terminate just between the .618 and .65 fib retracement levels. With the 100D MA right at the golden fib zone between .618 and .65, chances are high we'll get a bounce. With those 3 things in play, if the crypto gods are willing, and if the stars align tonight, AND AND AND IF we see bullish momentum from BTC, we’ll likely see ELF bouncing from this descending wedge support to exit the wedge and make its way towards the first target at 19500, then on to 26000. We should expect more out of this push, but how far will depend on how these first few waves move. We'll re-estimate after we get the 1-2 push. I will likely update this idea or make a new one by then. The wonderful thing about this trade is the ridiculous short stop. We’ll be stopping at roughly 11750 because if we get to that price, our wedge would likely be invalidated. Entries: between .00012100 and .00012600 Stop below .00011750 Target: .000255, take half profit at .00019, and spread the rest all the way up to .000255 If you are the better safe than sorry type, wait for a signal from BTC or wait til we break out of the wedge for entry. Your stop and targets would be the same. Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
ELong
by Kinashi_San
Hunting for elfs - $ELF BTC - 82% gain 1:12 risk/rewardsIf you follow my trades, you should know by now that I love second wave retrace entries and this trade is no exception. We have a first wave that did 320% in 44 days and a second wave retrace of almost .618 of the first. Currently we have a second wave retrace of a wave that is 2 levels down as we work on the first wave of the third wave. Entries: .00014500 Stop below .00013500 Target: .00026500, take half profit at .00023, reenter at .0002, take rest of profits above .00024 Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
ELong
by Kinashi_San
4
$IOTA USD - Possibly not time to shine yetGood day traders IOTA is kinda playing in no man’s land right now. Currently we’re trading below both the 100 and 200 MA on the 4 hr chart. With the 100MA about to cross the 200MA, we might see some additional bearish momentum. Additionally, we have a bear flag being formed to complete this ABC zig zag that should target the .786 correction at roughly 1.30 range. Set your alerts and let this one unfold. If we end up trading above $2.10 without visiting the lower regions first, we’ll be in bullish territory so let’s stay tuned.
BITFINEX:IOTUSDShort
by Kinashi_San
$TRX - easy winner 60% gain 1:7 risk/rewardGood day ladies and gents, This coin needs no introduction since its daily trade volume is more than most coins when they are spiking. Love it or hate it, TRX is going places. Based on the first and second cycles, we can expect TRX to be somewhere around the 5600 satoshis either within this year or the next: Now back to our trade. The only thing bad about this trade is that we’re trading under the RSI support which is kind of against my religion since we do have quite a bit of resistance to push through on the way up. However we do have quite a bit confirmation that we’ve bottomed out at 726 since we had the support from the previous resistance trend line as well as a support from the 200 MA on this 4hr chart. It’s no wonder we’ve bounced back up fairly far due to this confluence. Based on this impulsive move after the ABC zig zag that made our iv, I would say it’s safe to look for an entry. Our entry will be in the form of a second wave retrace in this fifth wave which has a target at the 3.618 fib expansion level at approximately 1289 Entry 801, 783, 758 Stop 720 Target 1260, start taking profit from 1100 and up Risk / reward ratio: 1:7 Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi-San *For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
Long
by Kinashi_San
7
$ADABTC - Stalking over, now we dance - 56% gain 1:9 risk/rewardGood day traders and happy Mother’s Day to the ladies in our lives Speaking of ladies in our lives, let’s take a look at ADA, whom we’ve been stalking since the decline that started on May 2nd. Please see that previous idea (in related ideas below) to get a better picture of my wave count. Basically, we were waiting for ADA to correct to this 50% retracement area of the third wave to look for an entry and we got exactly what we’re looking for. Based on our RSI resistance trend line being broken in the 4hrs chart, we can safely assume that wave (iv) might be done since we should be expecting higher price action from here to get to our fifth wave target at around 4700 or higher. So for entry we should look for a pull back to the 3000 sats range with a stop right below the support if you need to have one. For me, this will be one of those trades without a stop since I’m confident on the general direction of ADA. In addition to that, we have quite a bit of fundamental supporting our trade since we’re going to start seeing Shelley roadmap releases in June. Entry 3000 or if you’re the FOMO type, anywhere as long as we’re trading above the 10 EMA Stop 2800 or don’t Target 4700, start taking profits from 4500 and up R/R ratio: 1:9 Duration: roughly 2-3 weeks If you have found this to be entertaining or if you hated it, feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi San *For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
Long
by Kinashi_San
8
$ICX BTC - Catching the third wave for 150%++ 1:11 risk/rewardLadies and gentlemen, In our last idea on ICX, we expected a decline to the .618 retracement at roughly 3700 but it only went 4000 and bounced back quite hard. Being that this was the confluence of the 800H MA and the 50% retracement, an algo target, we had a nice and strong impulse wave towards our resistance at 4900. After coming to a hard stop at the 4900 resistance and failing at it several more times, we are low testing the possibility of going below the 800H MA again with a target of either the .5 retrace at 4000 for a double bottom or the .618 retrace at 3700 for a textbook WXY where the Y is 1.272 of the W. Typically second wave retrace is between .618 and .786 of the first so I do expect the latter scenario to play out as we originally speculated in the previous idea With that said, we should have some entries between 4000 and 3700 with a stop below the next support at 3500 just to be safe Entries between 4000 and 3700 Stop: below 3550 Target: 9900, start taking profit above 8000 (100% gain) Risk / reward ratio: 1:11 Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi-San *For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
Long
by Kinashi_San
4
Bitcoin #BTCUSD - more downside in viewAfter the three wave advance to the upside, the marked is reversing again towards the local lows at the level of $8,200. This small wave up might be a wave x, which indicates a possible drop lower towards the level of $7,712 as the correction evolves into a complex one. Moreover, the golden trend line is still providing the dynamic resistance for the price, so as long as this line is not violated, the outlook remains bearish.
BITSTAMP:BTCUSDShort
by sebastian.seliga.7
2
$XEM BTC - the good ole 1-2 punch 57% gain 1:5 risk/rewardGood day traders This is an update to my previous idea on XEM. Please see that idea in the related ideas section below. I typically don’t like complex charting because with complexity, we have more noise. However, with XEM’s pricing action being so complex, we enlist the help of our friend the Gann Fan Here you can see multiple points of confluence validating the possibility of higher price action. We have an ABC correction and immediately after that, an impulsive wave with a sharp correction back to .618. Notably this sharp correction led us back to our RSI support, which was once resistance. We can expect the RSI to only go up from here. Ladies and gentlemen, I think we may have our first 1-2 punch here Entry: 3913 Stop: below 3521 Target 6200, take profit from 5500 and up Risk / reward ratio: 1:5 If we find ourselves below 3521, we’ll likely revisit the lower Gain region of around 3200 so make sure your stops are in place. Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe! Kinashi-San *For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
Long
by Kinashi_San
1