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Elliottwaveretracement

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
BITCOIN #BTCUSD Two possible scenarios!We are going to wait a few days in this triangle and we will go either way, i personally think that btc 1.33% will go to set new highs. The volume is getting smaller among the sails, that indicates a possible volatility as BTC has shown us, in turn shortening the space of our ascending triangle, meanwhile you can trade a bit inside the triangle but be careful. Important levels: - for further increases - the level of $ 17000 and until psychological barrier - for continuing correction - the level of $ 16,750 and later $ 14,700 - for the continuation of declines - the level of $ 14,500 and later $ 12,700 and $ 12000 unil 9000$
BITSTAMP:BTCUSD
by ivan-btc
1
XLM/BTC Elliot Waves Fib Retrace/Ext- Wave 1 & 2 + 5 Sub Waves I've been following XLM for about 12 days now and I am also learning about Elliot Waves and Fib. This is my first attempt at Charting. I think I'm doing it right but could be all hosed up and if so... I'd like to know where and why. 1. Wave 1 completed a couple days ago and Wave 2's downward trend has been developing since. I've used the Fib retracement and it looks to have bounced up between the .5 and the .618. That Fib is located on the far LEFT of the chart but the Yellow (2) and the Arrow are towards the right of the chart. 2. I expect Wave 3 (yellow line) to be LONGER than Wave 1, although it is currently drawn as a 1:1 Measured Move. 3. The 5 Blue Sub Waves inside the main Yellow Wave 1 were tricky for me but I believe they are correct. Blue Sub Wave 2 Retracement was SMALL as stated in the Thought Bubble. The Fib Retracement for Blue Sub Wave 2 is set off to the Lower Middle/Right of the Chart. You can see the bounce at the .236 level. Since this was a small retrace I would expect Blue Sub Wave 3's retrace to be much larger. 4. The Green Box/ Rebuy Zone was set between the Fib Retracements of .50 and .618 --- I actually layered a couple of buys there and it did hit and fill overnight while I slept. There is a very long red wick dipping down though it might be hard to see on this chart. The corresponding Fib Retracement is placed way over to the far right but there is a stretched out Thought Bubble that shows where it goes:) 5. The last thing I placed was the Fib Line Extention... trying to figure out where the TOP of Main (Yellow) Wave 3 will go. My 1st click was at the horizontal axis of Yellow 1 and Sub Blue 1. Second click at the top of Main (Yellow) 1 and Sub Blue 5. And, the third and final click was at the bottom of Main Yellow 2. This gave me the Measured Move 1:1 at 0.00008530 as you will see at the top of the chart. I drew a "sell box" where I will eventually/likely layer my sells and take profits. I'll be especially stoked if this plays out as planned though I am quite okay with things going sideways as long as I can learn what I've drawn wrong or what derailed my plans to accumulate more magic internet money. Okay... there it is... my first attempt at Charting and my first posting of a chart. I'm all ears... whatcha' think?
Long
by ABear
15
HShareCoin #HSRBTC - another dump in view?TECHNICAL ANALYSIS: The price of the cryptocurrency HSare Coin quoted to Bitcoin HSRBTC remains on a downward trend, despite an extensive downward adjustment of the Double Triple WXY type correction. It is possible that the market will perform another downward wave, thanks to which the WXY structure will transform into WXYXZ, making all the movement even more complex and stretched over time. Such a scenario would correspond to the next cycle in the PUMP-DUMP scheme, as the price is currently in the DUMP cycle. This is confirmed by the lower lows on the daily time frame chart. In order for growth to take place, the market would have to first of all reach 0.0030 (first pink zone) and move upwards to 0.0050 (second pink zone). Without such developments, it is difficult to talk about downtrend reversal. TREND AND IMPORTANT LEVELS: The main trend: DOWN Indirect trend: DOWN Daily trend: DOWN (price at a key level) Key Levels: for further increases - level 0.0030 and later 0.0035 for the continuation of drop - the level of 0.000740 and later 0.000135 PS: Please add me to the watched ones! PPS: The next analysis of the next cryptocurrency will be published if this post will receive min. 50 likes. :)
HShort
by sebastian.seliga.7
4
Cardano - #ADA - hit another target level!Just as anticipated, the price of Cardano ADABTC has hit the 261% Fibo extension at the level of 0.00009234. This level might be the top for the wave (3) and if this level is the top for this wave, then the corrective cycle in wave (4) should retrace min. 38%, so the next target would be at the level of 0.00006641. Please notice the wave labeled as (3) might keep going up to the next target projection without any significant corrective cycle, but for now, the move up looks extended and need some pause
Long
by sebastian.seliga.7
43
Cardano - ADA - at important level!ELLIOTT WAVE PRINCIPLE TECHNICAL ANALYSIS: The price of Cardano cryptocurrency quoted for Bitcoinia ADABTC was at an important target level, which is at 161% Fibo at 0.000066. This is the typical range of the third internal wave, so the fourth wave is now expected to be adjusted to local support at 0.000059. Nevertheless, the third wave can be further extended to 0.000076 before the fourth wave will start. There is still one more wave to the upside left anyway, wave five, with a target at 0.000092 minimum. If support is broken at 0.000059, the next support is at 0.000045. TREND AND IMPORTANT LEVELS: Main trend: UP Intermediate trend: UP Daily trend: UP (price at a key level) Key levels: - for further increases - 0.000066 and later 0.000076 - for continuation of correction - level 0.000066 and later 0.000059 - for the continuation of decreases - the level 0.000045 PS: Be sure to follow me! PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 50 likes. :)
Long
by sebastian.seliga.7
37
Verge XVG - ready to rally?FUNDAMENTAL BRIEF: "Verge is a decentralized currency designed for those users who value privacy. It improves the original Bitcoin blockchain using many anonymous-centric networks such as Tor and i2p. Utilizing the multi-argorite extraction, it improves security and ensures a fair distribution of coins for miners. "- this brief description can be found on the official website of the Verge project vergecurrency.com. Verge networks allow almost instantaneous transactions that are virtually undetectable. The Tor network uses many global servers. Each transaction is directed by a large number of such servers, and when the last server completes its operation, each server deletes the information from the previous one. Thanks to this, after the transaction is completed, it is not possible to trace the sender's I.P. address, so its data can not be known. The Tor network guarantees much faster sending and receiving of funds without the slow confirmation of the Bitcoin network. The developer is under the pseudonym DogeDarkDev behind the Verge project. Coin was put into circulation on 25/10/2014, but until January 2017 it was basically not developed. Only the change in the composition of the developers resulted in the development of the entire project. Their goals and those to be achieved (Road Map - schedule) are presented on the official Verge website. I believe that the project has considerable potential due to the high level of anonymity it provides and the speed of transaction execution. Nevertheless, this coin can was supplied heavily on the market, and currently it amount to about 13.4 billion, and its maximum amount can reach up to 16,555 billion units. And as you know, usually the more something is on the market, the smaller the unit price. TECHNICAL ANALYSIS: The price of Verge XVGBTC cryptocurrency quoted to Bitcoin ended impulsive increases and set the peak at 0.00001977. Since then, the price is in the correction cycle marked on the chart as wave 2. There is a high probability that the inheritance cycle ended at 0.00000765 and now the demand is trying to take control of the market. To achieve this, the level 0.00001371 must be impulsively stamped, and then the price must go towards 0.00001604. In addition, it would be best if the internal trend line (blue) were able to maintain the pressure of supply. At a smaller time interval it is expected to break the top of the triangle (marked on the graph). Main trend: UP Intermediate trend: UP Daily trend: UP / NEUTRAL (continuation of the correction) Key levels: - for further increases - level 0.00001514 and later 0.00001614 - for continuing correction - level 0.00001228 and later 0.00001371 - for the continuation of decreases - the level is 0.0000090 PS: Be sure to FOLLOW ME on TradingView and other social media! PPS: The next analysis of the next cryptocurrency will be published, if this post receives a min. 100 likes. :)
Long
by sebastian.seliga.7
24
BTCUSD - Elliott Correction to the MeanI know everyone's on the "BTC Moon Lambo" hype train right now, but reality shows a regression in Elliott Wave fashion. Peaking out in a $16K hockey stick today, and I've seen people draw comparison to Amazon, Netflix -0.10% , Apple 0.28% , and whatever other stocks fit their mold, but the harsh reality is that Bitcoin 13.55% is MySpace, maybe even Friendster. They've kicked in the door in and sprinted into the room - but, first man in the room gets shot. Long term, this isn't going to last. RSI is maxed out. Squeeze is peaked. Everything is primed for a rough crash. BTC 13.55% to drop down to the $11K range due to initial panic, a Bull Trap at $14K leads to a pull down to the long term support line at $10K.
BITSTAMP:BTCUSDShort
by epaka
12