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Elliotwavecount

BTC - Dead cat bounce now ! BTC just completeed wkycoff accumulation on the 4hr chart. This current dip was the spring in wykcoff schematic, where the retail traders long positions stops are hunted and bear trap for the shorts. I expect BTC bounce from here, this would be the wave B of the zig zag of the Y wave in this whole corrective structure from 20k While everyone was bullish on the bounce from 7k, I was very skeptical and expected us to hit sub 7k regions around 6600 in previous idea. That was on point. Hoping for bounce here to 0,5 fib level. Indicators are oversold and RSI hit some pretty extreme values in this dump.
BITFINEX:BTCUSDLong
by cryptnomic
5
WPR idea if 1st EW Motive Wave is confirmed. Prepare for bullsWPR is becoming more and more publicly acknowledged. I think it might be ready to show us what its got. But first... It might correct a bit more. Purple count might also be viable, but I believe it to be a bit unlikely. If PURPLEcount is proven correct, then the bull run is ready to start. If YELLOW line is proven right, then the 3rd motive way is delayed a bit. Of course, we might also have sideways movement for a while longer before it's ready to jump. See WHITE drawing. We are still getting data on WPR, so there is little to work on. Watch those fib levels in case of a breakout. There we will hit resistance if we go up.
WLong
by reynar
2
EOS April 17, 2018 Daily - 2018 - Big Winner Again In 2018 EOS just completed Minuette Wave (i), the second 5 full wave count it has completed in a short few months, during a bear Crypto market. EOS is one of perhaps 5 coins I have seen over the past few months consistently increasing in value. It has shown phenomenal strength against a super negative market pushing higher all along. Currently, it is correcting after completing (i) after which I expect it to commence forming its Minute wave (ii) where it will set several new highs beginning soon and into summer. It will likely prove along with EOS to be one of 2018 best performing crypto in my opinion and per Elliott. It is on a definite track at this point to continue into the Minute wave completing it within the next 3-4 months if historical patterns hold for this one.
by bshgeo
EUR/CADMultiple cad pairs coming off fib retrace and fib extension measurements that are confluent to their wave patterns. If you watched my Ecad video on my channel, I mapped out a long-term W-X-Y scenario on the larger scale. I suggest you check it out. Right now Ecad is coming off the 1.618 fib extension for a possible wave 4 retrace, which 38% would line up with wave 5 being exactly equal length to the next major support level. It is also possible for this to be a "C" wave, propelling Ecad into a larger corrective structure, but considering everything, I think we get continuation for another wave down. So my bias will be to look for buy setups up to the 38% level and will assess the price action and wave pattern at that point until something changes. The TDI is turned up on 4 hr, bottomed out on daily and showing downside on weekly, which also seems to jive with this scenario...
Long
by thillygoosth
NEOBTC: beginning of the fifth waveThe price of NEOBTC has reached the 65.8% Fibo level of previous third wave, wich can indicate the end of the 4th wave. Taking this into account, we can expect the 5th wave to start. The price close above EMA100 and psycological level of 0.010000 can trigger a bullish impulse. This movement can be described as a sub wave of the global 5th wave, the target for which will be the level of 0.018844 - 0.020970. An optimal level to open long position is an end of 2d sub wave, which should reach 61.8% of the 1st wave. Waiting for the 1st wave to end.
Long
by TSI_Analytics
DJX DowJones Potential Correction on The HorizonI was really curious how DJX might look like this days. So I made this. I hope I'm wrong - so take it with a grain of salt... DJX seems to have completed a Major Elliot Wave Pattern, starting from the 2008 Crisis. It's starting to show signs of a correction. I've put together 3 major scenarios: Starting from best-case scenario to worst-case scenario S1) GREEN ABCDE correction It hold support at ~235 (S3.0) It will form a descending triangle (from which it could hopefully break out). Descending triangle forming between S3.0 - S3.1 - S3.2 This is based on "Fib1" retracement. S2) RED ABC correction - based on Fib1 and MajorFib ( that started in 2008) Break supports at S2.2 ~235 Meets CA1 - Critical Area 1 Bounceback from S2.1 to previous S2.2 Completes cycle at the end of Fib1, and Major Support S2.0 S3) ORANGE WAVE - based on Fib2 and MajorFib (from 2008) Break Support at S3.3 Finds Resistance at S3.4 Goes down to S3.2 /or/ S3.1 - S3.1 More likely to fit ElliotWave rules Find Support at S3.1 Resistance at S3.2 Completes cycle at S3.0 Which is a major Support (it is the end of EW3). That kind of concludes it for me. What do you think? I've started making charts only very recently and I really like it. Feedback is always appreaciated. See related ideas for a "zoomed out" view of this. Also, what do you think this might mean for the global financial market?
DShort
by reynar
Price target predictions using Fib Retracement and Fib extensionABC correction seems to have finished and first impulse wave has now been completed. Based on first impulse wave we can now get some targets going for waves 2/3. Based on these targets waves 4/5 can be roughly estimated also. To get Resistance support levels (purple lines) : Used Fib retracement from previous rally up to ATH To get Elliot wave wave targets: Used Fib retracement on first completed wave to get predicted target. Then using predicted targets to further use Fib extension/retracement to Predict a full 5 wave analysis. Using resistance/support levels to reinforce price action. Have only used Fib extensions/retracements to predict these targets. Have analysed the previous years rally/crash and same Fib levels have been hit consistently. This is supportive that these target levels will be reached. Have primarily focused on Wave 3 targets because waves 4-5 are harder to predict until wave 3 has been completed. Still waiting for wave 2 to complete - have used fib levels to predict wave 2 targets (Orange/Red lines). based on wave 2 targets I have been able to get a rough estimate on wave 3 targets - Green/yellow lines. Timeline is very sketchy, have based a rough timeline based on another graph, showing We should hit $1 by June/July. Any opinions appreciated.
by HODLord
1
BTC to 15K USD - And The Importance Of Admitting When You Fail!Hello my lovely Crypto-Family! D4rkEnergY is back with a follow up on his bold prediction from yesterday, where he predicted that Bitcoin would reach 15,000 USD before April. Let me just say, that so far everything goes according to the plan. D4 has illustrated all the Elliott Wave counts for you. The Primary, sub-waves AND the sub-sub-waves. So far we had a bit more than a 50 % Fibonacci Retracement of the whole Elliot Subwave-Cycle, which now has become the 1st Primary EW! Everything is good, so far. And we now have a perfect opportunity to make a reversal, and go along with our EW3. If we don't manage to kick start this Wave and instead go lower, I have drawn how low we can allow our self to go before, this scenario will be unlikely or fail. If we go to around 61,8 %, the green box (10,200 USD), the retracement would still be perfectly healthy, and our scenario is still in play! If we go under this level (the yellow box) it would still be a healthy retracement according to Elliott Wave Theory, BUT seen from a psychological point of view, it would NOT be optimal, since it under these circumstances would bring too much FUD in the market. And therefore would D4s scenario be more unlikely to play out. And finally. If we go down to the Red Box (9,200 USD) we would have an Elliott Wave Failure, and this scenario is COMPLETELY dead. D4 has seen that a lot of people out there suddenly became bearish from one day to another, because we saw a price drop. That is human nature, but we have to look at this in a broader picture, which still make me bullish on BTC! If D4 is wrong in this scenario, I will be the first to admit it!! Remember: It's not how we make mistakes, but how we correct them that defines us! D4 loves you ALL <3 PS. I will fly back to our HQ in Seoul tonight, and make everything ready to Wednesday the 14th. The Setup is soon ready for you guys, so we finally can have this crazy party we all are looking forward too. I have now got more than 700 messages in my mail and inbox. Sorry, but I cannot answer all of them. Please be patient. I promise when the setup is ready everything will be good :) Remember to HIT that LIKE-button :)
BITFINEX:BTCUSD
by D4rkEnergY
116
Bitcoin Long - 4 hr chart for perspective - Wave 3 Underway?With so little market data it is hard to see the market longterm...there aren't any longterm action or patterns to observe! Still human behavior is human behavior, so we just zoom down to the 4 hour chart. We do know in ANY market a parabolic price action (like we saw with BTC) WILL see a big retracement. It has done that have eclipsed the 61.8 fib and coming very close to the 78.6. When it didn't touch 78.6, that was a good clue the retrace meant was over and we could put a corrective wave A-B-C and see if it came close. EW guideline for wave C is it most often descends into wave 4 territory of preceeding impulse wave which it has. So a case can be made that we are starting back up with a new impulse wave, of which 1 and 2 MAY have completed - as shown by the count. Set your stop below wave two, or if you are really confident of the new impulse, open a smaller position and set your target just below the start of wave 1 Target either way is 15,000
BITFINEX:BTCUSDLong
by AuthenticTrader
1
Philakone is MAD! Know your ELLIOT WAVE-Theory now! Dear Friends! D4rkEnergy is back with an educational post about Elliot Wave-Theory. Yesterday, Philakone, a famous crypto-trader and TA-educator, was calling out one of the Top Authors in here, because he could not figure out how to draw lines. Philakone wrote the following on Twitter: "How to NOT draw Elliot Waves. it blows me away... this guy has one of the highest reputations on tradingview, and his elliot wave is shit. Ignoring the most BASIC rule of elliot wave in zig zags..." D4 is not here to create drama. D4 is not here to get enemies. D4 is only here to spread love and wisdom. He wants everyone to have success, therefore he decided to make this basic guide to Elliot Wave Theory. It is pretty complex if we go into the smallest details, but let us keep it basic for now. We are here looking at the 30 min BTCUSD Chart. ELLIOT WAVE THEORY Ralph Nelson Elliott developed the Elliott Wave Theory in the late 1920s. He believed that stock markets was traded in repetitive waves and cycles. According to Investopedia this method gained popularity in the 1970s. Traders try to identify these waves and patterns, because it can help them predict the market. - 1 Cycle contains in total of 8 waves. 5 waves (1-5), which follows the trend, and then a correction pattern A, B, C. We also call this a 5-3 pattern. - Wave 1, 3, and 5 are impulse waves up - 2 and 4 are correction waves down - A, B, C are the correction As you can see, Inside every wave we can have smaller waves, also called sub waves. Basic rules: 1. Wave 4 always have to be above wave 1. 2. Wave 3 can never be the shortest. If these rules are broken, we have what we call an Elliot Wave failure. And therefore it is not a real Elliot Wave Cycle. This was a really short introduction. D4 encourage you guys to dig deeper into this! D4 loves you <3 And as always. Please follow D4 and give a LIKE, if you liked the analysis. It is much appreciated. Thanks in advance, my friends!
COINBASE:BTCUSDEducation
by D4rkEnergY
103