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EW

LOG SCALE IS KING, DOWNTREND STILL ACTIVE!It turns out the log scale is holding precedence over normal btc charts at this current time. For what seemed to be a very optimistic time for everyone who thought we were out of the downtrend on the regular scale, has quickly realized things are not so simple. Btc has more falling to do, the V shape recovery that we have been doing has been something out of a movie or a dream. In the long run this type of recovery isnt healthy for the growth of bitcoin. If we want to go on another bull run that completely engulfs the last, we are going to have to fall more and gradually build like the previous parabolic curve but on a longer and bigger scale. The trend is still bear, as confirmed by the recent kiss and plummet from our top downward trendline. I believe this is wave 5, and after the completion of this wave we can be sure we have hit bottom and set ourselves back to being bullish. until then, short every bounce upward to profit and increase your capitol for when the real bottom hits. Im expecting a bottom anywhere from 3k-5k. however a double bottom would be more than ideal aswell.
BITSTAMP:BTCUSDShort
by Woolf_
2
13k Strong Resistance point for BTC, Short-term resistance? So here is something odd and impressive I found when looking more in depth at the chart of XBTUSD. I applied the EW technique and saw the 5 wave pattern, each bounced off nicely from its fib ratios, but then I get a bit more curious when trying to look at the lenght of wave 5 and its price projection, so I decide to draw a price range for wave 1 and place it over wave 5. Suprisingly, I see that the price range fits one importance resistance which is 13k. This is a bit surprising and will we watching our for that value.
BITMEX:BTCUSD.P
by UnknownUnicorn1274793
Are we facing a short-term ABC correction So here is something odd and impressive I found when looking more in depth at the chart of XBTUSD. I applied the EW technique and saw the 5 wave pattern, each bounced off nicely from its fib ratios, but then I get a bit more curious when I see that yellow line I placed that it's around the 12k resistance zone, we have not been able to cross. So then I decided to look at the price range and length of wave 1 was my 3rd wave extends over 1.628. That is when it hit me, when I copied the price range and placed it over wave 5, boom, magic, price was just shy on touching that yellow line. I believe right now we might be seeing another ABC short-term correction.
BITMEX:BTCUSD.P
by UnknownUnicorn1274793
DXY - Completing C leg of Triangle 4DXY is in the zone for a C wave completion of the larger wave 4 Triangle. An Alternate count would have it as a Flat or developing expanded Flat. In either case wave 4's are designed to obfuscate and trivialize opinions...my suggestion is be flexible as this 4 should knock out the bulls and build bears by the time the wave 5 is complete in time for an important turn up. Not now when everyone is sure that inflation is the driver and all bullish.
TVC:DXYShort
by TTCSteve
2
BTC up or down?This is my second Elliot Wave study and idea. Currently BTCUSD is sitting at the bottom of wave two at around $10990. If this is in fact the bottom, then wave 3 is the longest and could take us up to the 1.618 extension (~$22K) of the B to C retrace. There will be ups and downs on the way to the 1.618 fib target. So keep that in mind. So, monitor and protect your trade with a stop-loss. Good Luck. **NOTE** I am not an experienced trader. I am an investor learning TA shorts, and swings. So please, take it easy on me. ** DO NOT use my published ideas for making trading decisions. Recommendations are welcomed. Again, I am not an experienced trader.
BITSTAMP:BTCUSDLong
by fernx
2
BTC EW COUNT BTC to 30,000$In my opinion currently we are the wave 2. Wave 2 has always the sharp correction as this market proved itself that it shows characteristics like the wave 2. we have sub waves 1 to 5 within the large wave 1 that confirms the large wave 1 too. Wave 2 shows a nice A B C formation, we are the C of ABC the final wave of the correction. Wave 2 -Second waves tend to retrace so much of Wave 1 that most of the profits gained are eroded. They tend to end on low volume and low volatility. In a bear market, this indicates a drying up of selling pressure. However, during Wave 2 most investors are convinced that the bear market is here to stay but soon will see a wave 3 coming up. Please feel free to share your opinions as well. So the summary is my overall target for BTC is 30,000USD at-least. Micky!
BITFINEX:BTCUSDLong
by Trader-Mick