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Elliottwaveretracement

GOLEM #GNTBTC - rising wedge pattern will bring 100% profit?ELLIOTT WAVE TECHNICAL ANALYSIS: At a weekly interval, including larger cycles, it is difficult to distinguish pulse waves. Therefore, the current counter is based on wave increases (A), with a high at 29629 and a complex wave correction in the wave (B), with a low at 1604. Starting from this low, five impulse growth waves with a high at the level of 9,000 can be determined, followed by a complex downward correction WXYXZ, which lifted 61% of the growth impulse. The level of 61% Fibo at 4574 is an important level of support, because the corrective cycle in the wave (2)might soon end near this region. Not only that, the whole downward descent has a clear wedge character, and the breaking out from this wedge can bring, among others, 100% profit (if the local peak is hit at 9,000). It is worth to observe this cryptocurrency and wait for the potential knock out of the wedge. TREND and IMPORTANT LEVELS: Main trend: DOWN Intermediate trend: DOWN Daily trend: UP / NEUTRAL (correction after the end of the growth cycle and possible breakout from the wedge after correction) KEY LEVELS: - for further increases - level 5247 - for the continuation of the correction - level 4374 - for the continuation of the decrease - level 4374 PS: Make sure you are following me, so you will not miss any updates and new analysis!
GLong
by sebastian.seliga.7
2
Bitcoin #BTCUSD - correction finally done?FUNDAMENTAL BRIEF: The Government of India, although often not very positive about Bitcoin and other cryptocurrencies, such activities have not helped to curb their popularity. In his annual speech, Finance Minister Arun Jaitley again explained that the government intends to stop the use of digital currencies in India, claiming that the South Asian country does not recognize Bitcoin and other coins as legal tender: "The government does not recognize Bitcoin or other cryptocurrencies as a legal tender and will take all measures to limit their use in financing illegal activities or any part of payment systems." However, Jaitley did not say anything about the ban on trade. In fact, he claims that the government will instead encourage the use of Blockchain technology in traditional payment systems, showing that the Indian government does indeed see the value of cryptocurrencies, but only as legal tender. Most likely, Indian exchanges will be legal and citizens will have no problem buying and selling cryptocurrencies, nevertheless, their decision might be behind the reason of the recent drop in BTCUSD ELLIOTT WAVE ANALYSIS: The market violated the 161% Fibo extension of the wave A at the level of $8,600 and currently is testing the lower trendline dynamic support around the level of $8,000. If this level will not make Bitcoin to bounce towards the level of $9,100 then the next projected target is seen at the level of $6,742. The overall complex corrective cycle looks completed anyway or is very close to termination.
BITSTAMP:BTCUSD
by sebastian.seliga.7
10
BTCUSDOn the 1 day timeframe chart we can see that BTC is in a critical stage. The price touched Fib 1 support level and bounced back, now it is above the trend line again. MACD and RSI both indicate further growth, nevertheless indicator analysis never predicted BTC price movement. Whales understand that if the price goes below the trend line it will break support level and will go much lower. It is not in their interests so they should help it to consolidate and to go to the previous levels. Two possible scenarios are drawn on the chart. Which scenario is more likely to happen we will see in the end of this day. If trades close higher that it opened today then the optimistic scenario should take place otherwise we will see a greater correction wave.
by Skyrexio
USD/CHFUchf obviously in a down trend. However, It is at a pitchfork as we speak as well as 1.27 extension to its leg. Obviously, or at least it should be obvious to you, you shouldn't try to make a living at trying to catch reversals, safest to wait for price to actually go, then pull back, which takes time. I personally will take some shots on things like these, but carefully. However, with NFP tomorrow I certainly will not be buying it now.... But here is my point, If it did pull up from here, an obvious target would be the 23 percent (yellow), but if it doesn't, looking at the measurements, I would recommend looking to catch the 23-38% retracement of the length of this wave up from that next zone that I highlighted. I will not be at my desk tomorrow and quite frankly could give a crap what these charts do, I will catch the flags next week. Just showing you my markup. I would not be surprised if UCHF did retrace that 23% to that level and went down to that next zone completing a 5 wave so if you see a spike tomorrow, when the dust settles you may have a buy opportunity from this fork for retracement.... Or a sell if you got the experience. I was looking for this to come up off the 618 or 786, but now we look to be in a downtrend. Keep in mind higher probability trading mid week next week than tomorrow morning. NFP you really need to wait and be patient, watch a few different pairs of the same currency and let them create ranges and tell you which way they will go. You trade for a continuation, not the knee jerk. I could also give a crap what the fundamentals say at this point where stuff is at. If Chfjpy drops, which is possible (no confirmation) (on anything right now keep that in mind), this could move up with force, but safer to just wait for the dollar to actually make some kind of actual wave pattern. regardless, I been killing it. Next week there will be less risky setups, there always is. But I have nailed a lot of good entries on news waiting for a candle to extend out of a pitchfork like that with tight stop and went the other way, but you gotta know what you are doing.
by thillygoosth
PDCBTC Elliott WaveThe triangle was broken down with the last Elliott Correction wave and now it is below Ichi cloud. We expect a significant rebound from the 1.618 Fib support level which will start a new growth wave. In case of further BTC dump the price of PDC will continue to decrease along with total market capitalization. The stop loss is presented on the chart. If it triggers then reentry point is above 1.618 Fib when volume sufficiently consolidates. Although fundamentals for this coin are great and it is still has potential to recover and growth more.
P
by Skyrexio
Elliot Wave on TRXBTC - Most likely for week of 29thWe've been in a down trend for a while (in crypto world) most likely due to the result of BTC futures. It looks to me that we are entering an elliott wave pattern finishing wave 2 at the .618 retracement level. Anything is possible but I imagine we won't see anything until after the 26th once BTC future expires. Lots of announcements coming out for TRX although it appears it doesn't do much to price now days. Entry: 850 sats Stop Loss: 700-725 sats TP1: 1250 sats TP2: TBD but most likely around previous high at 1700 sats
Long
by dcardona1
2
Lisk #LSKUSD - bad news, paradigm change!TECHNICAL ANALYSIS: The impulsive wave scenario has been invalidated! Currently, the best scenario available is not the impulsive formation, but the double zigzag (W) (X) (Y), which ended at $ 40.48. The reason for changing Elliott waveforms from impulsive to corrective is too many canceled levels and too many overlapping levels. It is not the traditional behavior of the pulse wave, but more suits the formation of the Double ZygZak just. Not only that, this formation can still evolve into the Triple ZygZak, but for the time being there is no reason to do so. The current inheritance formation WXY is the largest downward correction since the cryptocurrency has been recorded, which proves that the trend and form of the further wave scheme has probably changed. Without going into details, in the short-term perspective the situation is as follows: there is still a chance for further increases (option of the Triple ZygZak), even with the option of new peaks, but they will not be long-lasting. The most similar to this model are currently the so-called: Pumps and Drops (PUMP and DUMP), which means that the market is no longer in an upward trend (and this option was assumed from the beginning of the impulsive scenario). In the short-term, the most important levels are currently: - support at 15.70 - internal trend line at 15.00 - Fibonacci cluster at 11.50. - external extension of the Fibo level at 8.00. The current WXY correction is close to the end of the decline at one of these levels. PS: Please FOLLOW ME if you want to know about all new updates!
L
by sebastian.seliga.7
17
BTC/USD When will the bloodbath end? Here's two idea's.Not what most people want to see. (Note that I'm still learning how these things work). Yet the data all points in one direction.. down. At least for a little bit longer. Using Elliots wave theory we have definitely done the A,B portion of the ABC correction, the question is "how low do we go?" for the "C" portion?. I have two boxes marked out. The first one is a good candidate with RSI level and MACD showing support of an upturn here shortly, but I have to note that strictly based off elliots wave theory we haven't dropped enough at those levels. Further note it is possible for us to see an extended 5 wave pattern in the "C" corrective wave which means we will drop further. My second box drawn is a SUPER MAJOR support line AND elliots wave theory lines up. This is where I would feel most comfortable buying in. If we break this year long support... well then bad days are coming. (I do not foresee this happening yet I always consider every possibility) Overall, short-term BTC -16.50% is going to keep dropping, long-term HODL that shit.
BITSTAMP:BTCUSD
by NicoleRainey
LISK #LSKUSD - about to break higher?TECHNICAL ANALYSIS: The long shadow of the supply candle has set the demand zone (green) between levels $ 25.84 - $ 30.00 and only a serious violation of this zone can turn against bulls. The consequence of this market behavior would be a fall in the price towards the golden trend line around the level of $ 20.00. For now, however, there are no grounds to believe that the low of $ 25.84 is the end of the wave (2). Therefore, the rate should still be set on increases towards the supply zone (pink) after the peak at $ 40.00. TREND AND IMPORTANT LEVELS: Main trend: UP Intermediate trend: UP Daily trend: UP / NEUTRAL (continuation of the correction) Key levels: - for further increases - the level of $ 33.70 and later $ 35.50 - for continuing correction - level of $ 33.70 (resistance) and $ 25.84 (support) - for the continuation of falls - the level of $ 25.84 and later $ 20.00 PS: Be sure to add me to the watchers! PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes. :)
LLong
by sebastian.seliga.7
4
Litecoin #LTCUSD - +130% possible after the breakoutThe price of LTCUSD is still trading inside of the corrective zone, between the levels of $230 - $304. In order to move higher in price, the market must break out above the level of $304 first, then test the level of $380 and attack the swing high at $420. The next nice take profit level for the up wave if at $600, which would gibe a +130% for someone who bought the LTCUSD in the correction zone. Otherwise, the market will continue to move sideways. Any violation of the level of $144.00 invalidates the bullish impulsive scenario.
COINBASE:LTCUSDLong
by sebastian.seliga.7
6
Dash #DSHUSD - no so fast, Dashboy!The Dash cryptocurrency price is still in wave 4, which may turn out to be an irregular ABC correction. In this correction, wave B has already been made (with a high at $ 1.253) and now the price would be in the last phase of the downward cycle, the C wave. Confirmation of this scenario will come with the breaking of the trend line (golden bottom line) and a testing the levels $ 936 and later $ 856 and finally $ 775. This is why red arrows is the preffered scenario. The lack of the above wave development will be synonymous with the further development of another wave of correction, i.e. the wave triangle 4. Main trend: UP Intermediate trend: UP Daily trend: UP / NEUTRAL (continuation of the correction) Key levels: - for further increases - the level of $ 1.253 and later $ 1.338 - for continuation of the correction - level of $ 1,253 (resistance) and $ 936 (support) - for the continuation of declines - the level of $ 936 and later $ 856 and $ 775 PS: Be sure to add me to the watchers! PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes. :)
BITTREX:DASHUSD
by sebastian.seliga.7
6
IOTA - A promising Rebound!The IOTA cryptocurrency price managed to recover over half of the pre-holiday decline and is now just below the supply zone and below the local resistance at the level of $ 4.49. The golden trend line has just been tested and you can see small, but always, demand engagement at the levels of $ 3.20 - $ 3.30. For increases to be continued, the local support level of $ 2.72 should remain intact. From the point of view of the Elliott wave theory, there are two wave scenarios available, both of which are pro-growth in the long term. Moreover, if the alternative scenario turns out to be a correct wave scenario, the potential for growth is much higher than in the case of the main scenario. The invalidation of the growth scenario will occur with the violation of the level of $ 1.10. Main trend: UP Intermediate trend: UP Daily trend: UP / NEUTRALNY (continuation of the correction) Key levels: - for further increases - the level is $ 4.49 and later $ 5.80. - for the continuation of the correction - the level of $ 2.72 and later $ 2.14 - for the continuation of decreases - the level of $ 1.10. The next analysis of IOTA cryptocurrencies will be published if this post receives a min. 50 likes. Good luck! :)
BITFINEX:IOTUSD
by sebastian.seliga.7
12
EOS #EOSBTC - more gains ahead!TECHNICAL ANALYSIS: After finishing wave 1 and corrective wave 2, the price of the EOS cryptocurrency is still in the impulsive wave 3 growth cycle. The range of this wave can reach the level of the previous long-term high at the level of 0.0023. The growth momentum has slightly decreased in the last few days, so the slight corrective pull-backs will not be unexpected. TREND AND IMPORTANT LEVELS: Main trend: NEUTRAL Intermediate trend: UP Daily trend: UP (continuation of the trend and the possibility of breaking higher after adjustment) KEY LEVELS: - for further increases - 0.0013 and later 0.0016 - for continuing correction - level 0.0013 and 0.00071 - for a continuation of decreases - level 0.00071 PS: If You do not want to miss another update, make sure You are following me on TradingView!
Long
by sebastian.seliga.7
12
Bitcoin #BTCUSD - two possible scenarios for a correctionAt the moment, the fourth wave correction (4) can develop in two ways. The first one, marked in green, is a correction scheme in the form of the fourth wave triangle, in which C, D and E are still to be found. All these subwaves should end within the area of $ 16,500 - $ 12,750. Breaking any of these levels will invalidate this scenario for a correction. The second scenario, marked in red, is an irregular correction ABC, in which waves A and B seem to be finished, so only the C wave remains to be realized. In this scenario, I assume the level of $ 12,750 is broken, then breaking the level of subwave B to $ 12,000 and level test of $ 11.159 (wave A bottom). This level should not stop bears in this scenario and this level should also be impulsively broken through. In this case, the first target level for the C wave will be the level of $ 9,021. Main trend: UP Intermediate trend: UP Daily trend: UP/ NEUTRAL (continuation of the correction) Key levels: - for further increases - the level of $ 16,500 and later $ 17,500 - for continuing correction - the level of $ 12,750 and later $ 14,400 - for the continuation of declines - the level of $ 12,500 and later $ 12,000 and $ 11,159 PS: Please follow me on TradingView! PPS: The next Bitcoin analysis will be released if this post will make 100 likes. Thank You and Good Luck! :)
BITSTAMP:BTCUSD
by sebastian.seliga.7
17
Siacoin #SCUSD - one more wave to the upside? +315% possible!The Siacoin SCUSD cryptocurrency price has four growth sub-waves. In the current situation, there is one more wave missing to complete the overall wave progression of the higher degree - wave 5. If the 0.0504 level is the end of wave 4 correction, the target range for wave 5 is between 0.1538 - 0.2167. The necessary condition for further increases is the break out of the technical resistance level at 0.1132. On the other hand, any violation of the level of the 0.0410 level invalidates the upward scenario. TREND AND IMPORTANT LEVELS: Main trend: UP Intermediate trend: UP Daily trend: DROP / NEUTRAL (continuation of the correction and the option of breaking) KEY LEVELS: - for further increases - level 0.0838 and later 0.1132 - for continuation of correction - level 0.0838 and 0.05040 - for continuation of decreases - 0.0410 PS: Make sure you FOLLOW ME! PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes. :)
BITTREX:SCUSDLong
by sebastian.seliga.7
12
Crude met its match?After an aggressive extended rise, has crude oil met its match at the 11 year resistance level of $62.58? Good reversal price action after hours: prices flash spiked to $62.56 early in the after hours session, hitting just below the 11 year resistance level before immediately dropping down into the $62.15-$62.25 range. This looked like saudi traders trying to hit the buy stops to blow through the $62.60 resistance level without success. 4 hour charts and daily charts showing a nice bearish pin bar forming - a strong short term reversal signal. RSI well overbought at 82%-91%. Add to this that this is day 22 of an extended 3rd wave following a strong 5 wave uptrend (see my prior "Fall drive for $55" bull analysis from $42.26 that blew through my $55 target) and has crude finally met its match? Great risk/reward at this level. Looking for at minimum a weak 28.6% retracement to the $59 level, but possible stretch to see 38.2% to $55 level. New short entry at $62.20 Immediate 2 day price target: $61.40 long range price target: $59~ long range stretch price target: $55~ Are you in?
NYMEX:CL1!Short
by Zaiteku7
2