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Expandedflat

Ethereum - Think Fast.Don't Think Twice..BITFINEX:ETHUSD Weekly Analysis - B'coz Timing is Everything. Potential Bearish Shark Pattern 0.886/1.13 Potential Bearish ABCD 1.27/1.618 Potential Bullish Shark Pattern AC 1.13-1.618 XD 0.886/1.13 Expanded Flat Corrective Wave (ABC) Support and Resistance Levels Moving Averages Fibonacci Retracement Levels This is an adjustment from the previous Monthly analysis. The Money Journey - Hope for the best and prepare for the worst. Press the Like's button (Min +10) to get an update analysis on the spot and let's Reach Your Dreams by Following My Journey's.
BITFINEX:ETHUSDLong
by EchoLAB
EW Analysis: EURAUD In The Expanded Flat CorrectionHello traders! We want to share with you a pretty clear bearish pattern on EURAUD. Looking at the daily chart, we have seen a huge spike up to 1.6550 level at the beginning of 2019, which we think was the top of wave 5/C, especially due to the decline that followed later and which can be already as part of a bearish reversal! Looking at the 4-hour chart, after that big fall from highs, EURAUD was more or less sideways which more and more looks like a correction within downtrend. That said, we believe that EURAUD can be trading in a big expanded flat correction since we have seen a three-wave rally into a wave A) and then a complex corrective decline into a new low for wave B). So, current recovery must be as part of wave C), which should be made by five waves that can be either an impulse or maybe even slow overlapped wave structure within an ending diagonal (wedge pattern). However, we think that EURAUD is turning back above previous wave A swing high towards ideal 50%-61,8% Fibonacci retracement and 1.6150-1.6250 resistance area and this is where we expect bears to show up again! In case if goes higher or more complex, we remain bearish as long as it's trading beneath 1.6550 invalidation level! Trade well! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
by ew-forecast
Ethereum - Just a Lil' BitBITFINEX:ETHUSD Monthly Analysis - Adjustment Potential Bullish Shark Pattern AC 1.13-1.618 XD 0.886 Potential Bearish Butterfly Advanced Pattern AC 0.382-1 XD 1.272 Potential Bullish Bat Pattern 0.886 Expanded Flat Corrective Wave (ABC) Support and Resistance Levels Moving Averages Fibonacci Retracement Levels This is an adjustment from the previous Monthly analysis. The Money Journey - Hope for the best and prepare for the worst. It's strongly recommended to avoid other traders who tend to make lots of charts with different or even in the same perspectives over and over. They have a low win rate and it's clearly seen only chasing popularity with their lack of experience and abilities. ]
BITFINEX:ETHUSDLong
by EchoLAB
Bitcoin - Snap Snap SnapBITFINEX:BTCUSD Monthly Analysis - Just Refresh Potential Bullish Shark Pattern 0.886 Potential Bullish Shark Pattern AC 1.13-1.618 XD 0.886 Expanded Flat Corrective Wave (ABC) Support and Resistance Levels Moving Averages Fibonacci Retracement Levels Hello.. there is no necessary update from previous weekly chart analysis and Hopefully it will stay this way untill next month :) The Money Journey - Hope for the best and prepare for the worst Press the Likes and Follow button even if you don't want to.. that's just what is called "Thank You for all your Support" :)
BITFINEX:BTCUSD
by EchoLAB
Ethereum - Snap Snap SnapBITFINEX:ETHUSD Monthly Analysis - Just Refresh Potential Bullish Shark Pattern 0.886 Potential Bearish Bat Advanced Formation Expanded Flat Corrective Wave (ABC) Support and Resistance Levels Moving Averages Fibonacci Retracement Levels Hello.. there is no necessary update from previous weekly chart analysis and Hopefully it will stay this way untill next month :) The Money Journey - Hope for the best and prepare for the worst Press the Likes and Follow button even if you don't want to.. that's just what is called "Thank You for all your Support" :)
BITFINEX:ETHUSD
by EchoLAB
8
Ethereum - CondemnationBITFINEX:ETHUSD Weekly Analysis - 1 Hour Time frame Potential Bullish Shark Pattern 0.886 Potential Bullish Butterfly Advanced Pattern 1.272 Expanded Flat Corrective Wave (ABC) Support and Resistance Levels Moving Averages Fibonnaci Retracement Levels Hope for the Best and prepare for the Worst This is an update from previous weekly chart analysis ~ The Money Journey Press the Likes and Follow button even if you don't want to.. that's just what is called "Thank You for all your Free Support" :)
BITFINEX:ETHUSDShort
by EchoLAB
Bitcoin - Evil Twin Shark WeekBITFINEX:BTCUSD Weekly Analysis - 1 Hour Time frame Potential Bullish Shark Pattern 0.886 Potential Bullish Shark Pattern AC 1.13-1.618 XD 0.886 Expanded Flat Corrective Wave (ABC) Support and Resistance Levels Moving Averages Fibonnaci Retracement Levels Hope for the Best and prepare for the Worst This is an update from previous weekly chart analysis ~ The Money Journey Press the Likes and Follow button even if you don't want to.. that's just what is called "Thank You for all your Free Support" :)
BITFINEX:BTCUSDShort
by EchoLAB
COPPER Can Be Finishing An Expanded Flat CorrectionHello traders! Today we will talk about metals, specifically Copper. Metals are in a big rally and everyone is looking for a potential resistance, especially on Gold and Silver! But, Gold and Silver are quite unclear at this stage and it's hard to predict, where are they going to stop, so in our opinion, it's always good to take a look at correlated markets and in this case we see Copper with the clearest pattern, so it's worth to keep an eye on! Well, we are tracking a big A-B-C expanded 3-3-5 flat correction, where wave C can be finishing the final wave (5). Ideal resistance would be around 2.90-3.00 levels and this is when Gold and Silver may also find the top of wave 5/C! That said, metals are long-term bearish and current recovery it's just as part of correction, so don't fall in love with bulls, because bears may show up very soon! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
COMEX:HG1!
by ew-forecast
7
EW ANALYSIS: Ethereum Just Finished An Expanded Flat CorrectionHello Crypto lovers! Let's talk about Ethereum! Well, just like Bitcoin, even Ethereum made sharp and impulsive five-wave rally at the end of December in 2018. And such sharp legs usually indicate a reversal, at least for a bigger correction of a higher degree! So, after that impulsive leg A/1, ETHUSD dropped into a wave B/2 correction, which we see it as a big expanded(irregular) flat pattern! Flat corrections are made by three legs into wave "a", three legs into a wave "b" and motive wave "c" should be completed by five waves. And, as you can see, Ethereum made a clear 3-3-5 expanded flat correction back to ideal 61,8% - 78,6% Fibonacci retracement and 100 support area! That said, we believe that Ethereum can be ending a big a-b-c expanded flat correction here in wave B/2, from where we should see a bounce back to highs for a wave C/3. So, if ETH turns sharply back above 120 region, then we may start considering bullish scenarios. However, ETHUSD may go even more complex here, so as long as it's moving above 80 invalidation area, we will remain bullish! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITSTAMP:ETHUSDEducation
by ew-forecast
16
USD/CADIf you consider UCAD to have made a leading diagonal (I do) then it just came of exactly the 27% extension of an expanded flat correction. In that case, we do not need to break the high and it can go all the way down to break the trend line from right here. The price action channel going up is very corrective and needs to at least correct itself at some point, but I think it is dropping. Everyone is looking left expecting it to make a triple combo just like the last big correction. Considering alteration of patterns I don't think it will repeat that.....
Short
by thillygoosth
Catch Me If You Can: Breaking Down the Elusive Elliott WaveHere's an explanation why Elliott Waves don't work most of the time, and then sometimes work perfectly. Lets take a closer look at a single impulse wave up and its correction (I'm using 61.8% retracement and wave 3 = 100% of wave 1). You simply can't trade based on that (red dots), here's why. If you treat it as 123 up trend forming (green count), you can't confidently: 1. short at the end of 1 to catch wave 2 because it can go higher (have an extension from 100% to 127.2%, 161.8% and 261.8%) 2. long at the end of 2 to catch wave 3 because it can go lower - from 23.6% to 38.2%, 50% and finally 61.8% and then go up for the up trend 123 - up to 88.6% of wave W in wave X and then go up in Y (if this is X not 2) - and even lower after that, break the start of wave 1 to reverse the trend down 3. short at the end of wave B (red) after a bounce from wave 2 to catch wave C (red), because it can go higher - it can go up from 23.6% to 38.2%, 50% and finally 61.8% of prev swing wave A (red) and then bounce down as zigzag or triangle - it can retrace as wave B (red) in a flat up to 88.6% and then go down still - or it can even be an expanded flat wave B/X and retrace up to 138.2% of wave A (38.2% above the end of wave 1, Sometimes even 61.8%! and only then drop down) - or it will go up in wave 3/Y = 100% of wave 1/W 4. long on breakout of the end of wave 1 to catch wave 3 because it can pullback - it can be wave a of Y or lower degree iii or 3 and immediately pullback in b/iv below wave 1 - it can be an expanded flat wave B/X and retrace from 105% up to 138.2% of wave A (38.2% above the end of wave 1, Sometimes even 61.8%! and then drop down) - it can be a short Y = 61.8% of W in WXY and then go down That's why you are only supposed to buy on a retest of wave 1 after the breakout 5. long at the end of wave C (next bounce from the end of B) (red) because it can go lower - it can become a triangle ABCDE and break the other way - it can still be wave B and go higher up a bit then down in zigzag/flat (same impulse-correction fractal of a lower degree, same options, see #3) - it can break the end of wave 2 and continue down as wave C from 61.8% up to 1.618% of wave A, although we mostly have short C = 61.8% of A in Bitcoin So, on the long side you are left only with 2 not-so-tradable options: - buy above 138% of wave 1 to ride a very small ~10% (100% - wave B retracement - 38%) chunk of wave 3 = 100% of wave 1. However, the expanded flat can still go to 161.8% and wave 3 can end early at 61.8% as wave C/Y. And if not that, this trade probably has a bad R/R and you will pay in fees a lot more that you possibly can gain. - buy on retest of wave 1/A/W in iv/x after the breakout to ride wave 3/C/Y (100% - wave 2/B/X retracement) up to 38.2% in case of an expanded flat or up to 100% of wave 1 in case of wave 3/C. And you can only to the 2nd option on the short side, because usually C = 61.8% of A, not 100%, invalidating the first setup. But guess what, that's called trading breakouts from a range/triangle, and you don't need Elliott Waves for that. Conclusion: I just showed you that in most cases Elliott Waves don't really work, they give you a number of possibilities for both bull/bear cases, not trend direction. You can't trade based only on Elliott Waves and fibs, without using other TA methods. The trend is basically just a sequence of 2 impulses and then comes a wave 4 which can become the 1st impulse down and reverse the trend or go up in wave 5. Waves 3 and 5 are not guaranteed. The only thing guaranteed is a 2nd impulse following the 1st. But in the current market with unclear 3/5 wave structure, low liquidity, hidden bottoms and traps you can't clearly spot even the 1st impulse, so there might not be a 2nd one. Continued Below =>
BEducation
by RagingRocketBull
2
BTCUSD expanded flat ABC correctionDear Traders, This is my first idea and I hope to receive many comments in order to discuss together what is going on with BTC. Since I got lost when we where at 9k levels, I went back to my book and I feel like we are going to see and expanded ABC flat correction for my primary wave 4 . In expanded flat corrections with pattern 335 (abc,abc,12345) wave (B) goes beyond the beginning of wave (A) and wace (C) goes down more than the end of wave (A). So if we are in this case, we should go down to level 8400 usd. Please comment below your thoughts and ideas. This is not financial advise, it's only for discussion purpose.
KRAKEN:BTCUSDShort
by UnknownUnicorn1896036
7