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Elliotwavesanalysis

AUD/USD: Technical AnalysisThe technical structure on daily chart is still very interesting, our short term setup has been corrected (see chart below), but now the pair is approaching an important long term resistance around 0.6880 area. That said, we still don't rule out some bullish consolidation in short term, but once the impulsive structure on 1H chart is completed, we expect an interesting corrective structure. OUR SHORT TERM ANALYSIS SETUP Trade with care! Like 🚀 if my analysis is useful. Cheers!
by TheAnonymousBanker
6
BNBUSDT BEARISH, Bulls be careful!This analysis is on BNBUSDT however, it relates to the market as a whole as all major crypto coins usually trend in the same direction. This (A)(B)(C) Elliott Wave pattern indicates weakness from the bulls. Wave (C) formed an "ending wave diagonal" where wave 3 is shorter than 1 and 5 is shorted than 3. This usually indicates exhaustion from the bulls and a reversal to the downside. The red box indicates an area that would be good to enter a short position. The green box is where previous support was found due to high levels of volume being recorded. The green box is also where (D) would equal 0.618 (the golden ratio) of (B). This is a common ratio for wave (D) if an ABCDE triangle was to form. In order to reach this level, the price would need to break below the upward sloping trend line. I hope this helps you with your trading and as always, good luck! Disclaimer: Not financial advice, intended for educational purposes only
Short
by TradewithLu
$BTCUSD counter trend structure completion in next few daysNOT FINANCIAL ADVICE Structure is forming a very nice counter trending zigzag (5-3-5) formation; wave (4) aka waves ABC. Currently wave C underway, and we're expecting further impulsive waves to the downside, coupled with some strong divergence signal. If signal is found AND price touches the region between $25.8k to $26.2k, then we can safely say waves ABC, aka wave (4) achieved. Until then, we play the waiting game and continue to be patient. This publish is an update to this previous publish that promoted the rally as a bear-market-rally:
BITSTAMP:BTCUSD
by googooboyy
$BTCUSD holds steady around shortterm POC $27k but how for long?The macro trend for BITSTAMP:BTCUSD is.. And this publish looks at the Intermediary Wave 4 in further detail by studying the characteristics of Minor Wave 5. Here are the 2 possible scenarios to play out in the days and weeks to come: Scenario 1 Intermediary Wave 4 is not yet completed, despite touching 0.328 retracements, and will play out in a triangle, as Waves 4 usually do. This means Minor Wave 5 will break down further, possibly towards 0.328 fib targets of $26.4k. This is the stronger scenario that I will lean on. Scenario 2 Intermediary Wave 4 is completed, aka Minor Wave 5 is also completed. This means Intermediary Wave 5 is underway, aka Minor Wave 1 is also on its way. Aka we've seen the bottom for the year, although I do not lean towards this scenario, here's one for cautious optimism. Sidenote 0: Divergence on the shorter timeframes. Volatility. Sidenote 1: Waves 1 are typically motive/impulse waves accompanied by cautious exuberance, but the news is rather stale at the moment. Dullness. Sidenote 2: As of pixel time, Coinbase NASDAQ:COIN is sueing SEC for lack of regularity clarity. It's scary time indeed. Uncertainty. Sidenote 3: FOMC meeting in 8 days and 84% (today) expectations that we'll see 500bp for the first time since 2017. Sell pressure. Sidenote 4: Last month saw the Mt Gox CRYPTOCAP:BTC redemptions which will go on until near end of year. Sell pressure. Sidenote 5: China is smiling at crypto again, while Binance lifts its Russian restrictions. Bullish.
BITSTAMP:BTCUSD
by googooboyy
🌊 Elliot Wave Cheatsheet📍 What Is Elliott Wave Theory? In technical analysis, the Elliott Wave theory is the analysis of long-term trends in price patterns and how they correspond with investor psychology. These price patterns, referred to as ‘waves’, are built on specific rules that were developed by Ralph Nelson Elliott in the 1930s. Specifically, they were designed to identify and predict wave patterns within stock markets. Importantly these patterns are not intended to be certain, but instead provide probable outcomes for future price movements. 📍 How Do Elliott Waves Work? Within Elliott Wave theory, there are different forms of waves, or price formations, from which investors can glean insight. Impulse waves, for example, include both an upward or downward trend that carries five sub-waves that may last hours or even decades. They possess three rules: the second wave cannot retrace more than 100% of the first wave; the third wave cannot be shorter than wave one, three, and five; wave four cannot surpass the third wave ever. Along with impulse waves, there are corrective waves, which fall in patterns of three. 📍 Impulse Wave The impulse wave in Elliott Wave Theory is the wave that pushes the prices in the same direction as the trend at one larger degree. It’s the action wave. While the corrective wave is the reaction to the first wave. Therefore, the corrective wave moves in the opposite direction of the main trend. The impulse wave is composed of 5 waves according to certain conditions & rules. Impulse waves are always composed of five waves, labeled 1,2,3,4,5. Waves 1,3 & 5 are in the direction of the main trend. Whereas, waves 2 & 4 are in the opposite direction 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
4
BTC/USDT Possible region to buy in the 10k, can you believe it?Who knows? Possible region to buy in the 10k, can you believe it? I don't, who's saying it's the graphic! - Formation of 3 symmetrical parallel channels; - Descending wedge; - ABC; - C with 5 waves; - Possible pullback in the region of 29k (0.5 Fibo); - Target 1, 0.236 fibo - US$ 13841.00; - Target 2, 0.500 fibo - US$ 10600.00; This is just my study for me to keep and remember later. This is not an investment recommendation.
COINBASE:BTCUSD
by Vaultfy
Bitcoin it's repeating the bull cycleI make this elliot wave analysis as now, we end the phase #2 of the bullish elliot wave cycle, so, we're entry in the phase #3 in the Bitcoin price. So, Bitcoin will be make a large bullish movement toward the new ATH that we could to leading to $100,000 USD in few weeks. I can't to predict that Bitcoin could to leading until $500,000 USD, but I can to use the same parameters what Bitcoin do in the past as I show here. Now, I will going to analyze the others timeframe and the past years how Bitcoin made movement using BLX or Bitcoin yearly timeframe as I called it. Guys, if you found out that this idea may to support you, please share this idea with others crypto-traders to know my perspective in the market.
COINBASE:BTCUSDLong
by harisonhbn9718
4