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EWT

💨𝙀𝙒 𝙋𝙖𝙩𝙩𝙚𝙧𝙣: 𝙈𝙪𝙡𝙩𝙞𝙥𝙡𝙚 𝙕𝙞𝙜𝙯𝙖𝙜🌊●●● 𝙈𝙪𝙡𝙩𝙞𝙥𝙡𝙚 𝙕𝙞𝙜𝙯𝙖𝙜 (Mult.Z) Keep in mind that an triple zigzag is rare ❗❗ 𝙍𝙪𝙡𝙚𝙨 ● A Multiple Zigzag comprise two (or three) single zigzags separated by one (or two) corrective pattern(s) in the opposite direction, labeled X . In the first case, it is called «double zigzag», in the second - «triple zigzag» (The first single zigzag is labeled W , the second Y , and the third, if there is one, Z .) ● Waves W , Y and Z are always single zigzags . ● Wave X never goes beyond the beginning of waves W and Y . ● Wave Y always ends past the end of the W , and wave Z , if any, always ends past the end of the Y . ● The first X wave always ends on the territory of the W wave, the second X , if any, on the territory of the Y wave. ● In a triple zigzag, the first X wave is always a zigzag, flat or combination . The second X wave is always a zigzag, flat , triangle or combination . ● In a double zigzag, wave X is always a zigzag, flat , triangle , or combination . ● Double and triple zigzags replace single zigzags , but cannot appear as W , Y , or Z waves. ❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ●In a double zigzag, wave Y can equal wave W , .618 wave W , 1.618 wave W , or .terminate at a distance equal to .618 wave W past wave W . In a triple zigzag, there can be equality among waves W , Y and Z , or wave Z can equal .618 wave Y , 1.618 wave Y , or .terminate at a distance equal to .618 wave Y , past wave Y . In a triple zigzag, the Fibonacci relationships between waves W and Y , would be the same as a double zigzag. ● The Fibonacci relationships between waves W and X in a double zigzag, and waves Y and XX in a triple zigzag are analogous to the relationships between waves A and B in a single zigzag . ● In a double zigzag, as a guideline, wave b of wave Y should not break the trendline that connects the beginning of wave W with the end of wave X . ● As a guideline, wave X (second wave X of the triple zigzag) of a double zigzag should break the trend channel formed by the first zigzag in wave W ( Y ) and be greater than 80% of subwave b of wave W ( Y and Z ). ● When a zigzag appears too small to be the entire wave with respect to the preceding wave (or, if it is to be wave 4 , the preceding wave 2 ), the complication of the structure to a multiple zigzag will probably follow. Elliott Wave Principal 2005 and Q&A EWI .
BITSTAMP:BTCUSDEducation
by TradeWaves-EWA
5
Bitcoin's Path Ahead!As discussed on multiple occasions here on TradingView, Bitcoin is likely in an ABC correction. We called the bottom at ~$30 000, yet with the possibility of a final mini dump towards the $27 500 area. Regardless of what, Bitcoin has now initiated its B-wave. This B-wave serves one purpose and one purpose only: to trick the bulls that everything is fine from now on. One technical area of high interest is the diagonal resistance that coincides with the 0,5 fib. This is an area that I will pay extra attention to. With that said, whenever any underlying is trading within either a range, formation or consolidation, they tend to ignore regular indicator supports and resistances. Depending on how Bitcoin were to proceed from here we will assess the ~$46,500 resistance differently. As recently discusses Bitcoin is most likely developing a zig-zag ABC correction as the A-wave consisted of 5 sub-waves. This naturally concludes that the B-wave should consist of 3 sub-waves in turn. By this token, if Bitcoin were to get its B-wave of the B-wave correction at for example $42 000 then chances are dramatically increased that the $46 500 area will be the final level prior to initiating a steep C-wave to kill off any final bullish enthusiasm. If, on the other hand, Bitcoin were to go relatively straight towards this area and then get rejected, chances are that it will continue further up until it's done with the B-wave. Such case would pave the way for a flat, in which the aforementioned bottom at ~$27 500 would be the likely and absolute bottom in case of an expanded flat. Otherwise, a bottom between $30k-35k is more likely in case of a regular or running flat. Time will tell. For now it all comes down to HOW Bitcoin will move up towards the mid to late 40 000 range.
BITFINEX:BTCUSDLong
by LongLifeTrading
NVDA - NVIDIA short timeThe chart possibly ended its 5 wave rally and now it's going into a corrective wave. We should take maximum profit from it. To make the trade more secure, we need to divide it into at least 3 entries. 1st entry to close at first target. Second entry to go at the end of the blue arrow that indicates the end of (C) wave. The 3rd entry will be held until the chart reach the wave IV of a smaller degree, although as a second wave the price has the potential to fall even by 61.8%. This is the case where we need to wait for a part of correction to form, or to make fundamental analysis Write down in the comments your opinion about the stock decline
NASDAQ:NVDAShort
by wescapist
5
Bitcoin Reversal At $27,500For quite some time now "everyone" seems convinced of Bitcoin prices in the low to mid 20 000's. Some even anticipate lower dips than that. I certainly don't exclude that, buy given how undramatic this break below $30 000 has been thus far, there is good cause to expect a price reversal soon. Here's why. My previous theory of an ABC move is still very much in play - one in which we'd be in the midst of completing the A-wave. As Elliott waves normally tend to nicely coincide with fibonacci levels we can clearly identify that a potential A-wave bottom would align with the 618 fib on the weekly chart. What further adds to this theory is the aforementioned fact that Bitcoin behaves in a "civilized" manner under $30 000, counter to what most technicians had anticipated. Most traders predicted a free fall below $30 000 due to the utter lack of resistance between 20 000-30 000, with the vague exception of ~$24 000. If Bitcoin can remain tidy and steady below $30 000 and not panic, chances are increasingly strongly in favor of an A-wave completion at the 618 fibonacci - which would also align with the support of the descending channel. And, most importantly, when everyone expects Bitcoin to plunge, chances are it won't. THAT'S when we shall look for difficult-to-spot reversals such as this. Our previous B-wave targets here on Trading View stand at ~$46,500.
BITSTAMP:BTCUSDLong
by LongLifeTrading
"the unpopular opinion"i posted this idea way back in march: and i just wanted to touch base regarding this outlook, and how we would potentially get down to the said target. this isn't my primary count, but it was the first one i had ever seen while we were at the highs. take this as you will, and understand that there are so many possible scenarios, that the only possible way to figure out what happens next is to have immerse patience, and to allow for whatever moves to unfold - before confirming any single bias. i am not bearish, i am not bullish - i am neutral as of today, and i will not post another outlook until we have some stronger conviction and direction in the markets. -------------------------- have a blessed monday, and may you attract infinite abundance into your world ⭐
by Eloquent
2
EGLDUSD - Again Triangle...again correctionEGLD is a crypto that, like other ones is developing a 5 wave triangle after which will fall to end the corrective wave of the chart. If cryptocurrency has on its mind to settle better in world's economy, then all these correction give us the second chance to enter the crypto market on a lower price Thanks to Elliott Wave, I managed to set possible goals for the price to hit after the triangle is forming. On my chart, the coloured letters represent the main wave counting, and gray ones represent an alternative counting way. On the long term these counts meet in the same goal, but for now, there is no sure entrance into a trade. We need to wait a bit in order to enter the temporary bear market, and then make a reversal to bulls
BITFINEX:EGLDUSD
by wescapist
ETH - still needing 1 more wave up?ETH had a huge plunge from the psychological 4k level. That was to be expected, as the RSI on all timeframes (daily, weekly, monthly) was getting into nose-bleed teritorry and needed to cool off. The big question now is - did we start the bear or does the bull still have some legs? Technically we are already in a bear market as ETH dropped about 50% (technical definition of a bear market is mkt dropping by more than 20%). However, is this bull dead or is this just a "correction"? From an Elliot Wave stand point it would seem possible for this big drop to be a wave 4 correction with one last push higher (wave 5) still in the cards. This would also fit quite well the alternance of the waves, as wave 2 was a sideways move, while this wave 4 is very sharp. The invalidation level would be if ETH overlaps the prior ATH from 2018, as that is the (presumed) same degree wave 1. If that happens, then odds are the bulls is dead and this could correct 80-95% as per the prior bear markets. Personally I still think one more wave higher is needed, but I would not invest money I cannot afford to lose or keep locked up for a few years until the next bull emerges. Disclosure: I still have about 20% of my crypto holdings and plan to add in this general area. 2k is a big round number and big psychological level, it might be spiked lower to hunt the stops below, but once it's won back, I believe it would be safe to add.
COINBASE:ETHUSDLong
by alx13
$CDR EWT Analysis - The dip has bottomed?$CDR making it hard for traders with its recent price action. The most obvious would be to call the 5-wave down from B an ending diagonal, but $CDR could potentially face more downside in the coming months since they have a Class-Action Lawsuit on their hands (and maybe other lawsuits on the way). The earnings report coming out in March might also be a flop because of the refunds and removal of CP2077 digital copies from online stores. Consider the following chart as an alternate EWT wave count before buying the dip.
GPW:CDR
by GoldDoubling