EW
BTC retracementCurrently we are in a downtrending channel. Elliot Wave target of the WXY is 8.4k, which has confluence with the AB=CD pattern (AB : .382 retrace = CD : 2.41 - 2.618 ext). Sell near the upper boundary of the trend, and counter trend takes could be taken at the bottom of the trend to ride sell the rally's. If we break out of the channel, expect sharp movement either way.
EW Wave Completed for BTC Let See if it's Ready To Take Off!As you can see from the chart, BTC has been broken out of its previous long term downtrend. It is now within a rising channel with a completed EW wave. RSI is also showing overbought. Regardless, the completed EW gives bulls momentum. We will stay bullish as long as we are able to hold above the 8.7 USD support. Looking for a target of 10.2 USD and hold. Hopefully BTC will be testing these resistances soon!
Comment what you think,
CD
EURUSD - Green light!Hi guys , i posted earlier some short term analyses of EURUSD which went pretty well , i expect it to go up now , to finish a last move up before falling deep into bear hands.
EURUSD is currently counted as being in the wave 4 (consolidation) after a strong bullish wave 3 , expecting wave 5 to finish this bull run now.
Will keep this post clean and post updates as i see them only , please manage your own trade with risk/reward ratios that you see as more effective.
Goodluck!
EURUSD - Bulls running for the top!Hi guys , i see EURUSD starting a bullish rally from this point up to a high level.
I would recommend buying it with a small sl under this low point and aiming for 1.28
Momentum looks like its lost from bear side and looks good to go up.
I will post updates of the wave counts during development but this looks like a good entry to start it.
If price makes a new low , try to find another entry (I really see this as the end of bear party).
You can check my previous idea of EURUSD down here.
Goodluck!
The BIGGEST BULL TRAP in BITCOIN HISTORY!!!Hey guys, the chart below shows my Elliot Wave count and why I believe we are headed to 11-12k before dropping down to sub 4k for one of the biggest BULL TRAPS in bitcoin history.
I'm sure you've seen it, the bulls are out in full force and they are all claiming that the crash has ended. Everyone seems to be super optimistic, yet we know that when optimism is at its highest point that that is when a crash occurs. A lot of people were calling for sub 5k levels, but we never saw it. For this reason, we never saw panic selling. No one lost hope since we never went below the last low. This "crash" ended way too easily, way too optimistically, and way too predictably. And that is exactly why it's really not over yet.
People are looking at the 11.8k level as confirmation that this crash is officially over. Surpassing this level will make the majority SUPER BULLISH, even more so than they are now, and this is likely when the next wave down will start and surprise the masses. The market is anything but predictable, and when the majority is bullish, thats when we should be most cautious. In this case, that time will come as we surpass 11.8k and make our first higher high since the crash started at 20k.
To be clear, I am short term bullish, and am holding long positions at this time. BUT I will likely close them as we approach 11-12k levels in anticipation of this drop.
A second chart will be posted shortly that explains other reasons why I think we have yet to see the end of this crash. Feel free to post questions in the comment section and as always, if you like this idea please give it a THUMBS UP.
***THIS IS NOT FINANCIAL ADVICE, JUST MY OWN OPINION AND FOR EDUCATIONAL PURPOSES ONLY. PLEAE DO YOUR OWN RESEARCH BEFORE INVESTING IN, OR TRADING CRYPTOCURRENCIES***
BTC // ELLIOT WAVESWIZARD OF FARTS AND CHARTS HERE
Data is currently still very limited and me personally I am just waiting for things to develop a bit further.
But here is something I have been thinking about. People are still sure we dump down to 7.6 levels, I am not, sorry.
Bullish mode, check the chart and maybe this will give some new way of thinking .
LTCUSD Bullish impulse and Bullish Crab patternHey guys i noticed this pattern on LTCUSD and thought to count it too.
The bearish correction seems to be over therefore i would recommend buying it.
First target shall be the minute wave 3 (purple) with projection of 1.618 at price 155.40
Will update to see how it goes, goodluck!
AUDJPY upcoming opportunityHi guys , i was counting this pair and i noticed a nice bearish impulse coming up for AUDJPY.
Entry - Market excution as described with "Short Entry tool"
Conservative - Breakdown of B wave (Blue Horizontal Ray) with SL above the C wave.
For Elliott Wave professional analyses , signals or lessons i would recommend checking out the guys that are teaching me: lionheart-ewa.com
Goodluck!