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Expandingflat

USDCAD - Long SetupLooking to get long this pair. We are trading at the 113 Extension for our Potential Action Zone (PAZ) We have a Zigzag forming and will take the trade on the break. Our final target will be at the next significant point of liquidity which is around 1.37 scaling our partially to get to BE when we have a chance. There is a chance we make one more low, hence waiting for the breakout. If we make 1 more low we will again wait for our reversal pattern to get long, same idea.
Long
by FX_PriceActionSetups
Bitcoin - Leading up to the monthly closeHello Traders I see this pullback as a larger ABC correction. I believe we've more-than-likely just completed a of (B) and will start retracing soon. Alternatively, if the previous weekly open successfully holds as support on a retest of $8 590, there could potentially be one last blow-off to around $8 900 before taking all liquidity at once and screwing longs. Most were waiting for $8100-$8200 yesterday before this front-running corrective curve ball. The market seldom moves in straight lines and hardly plays out according to the expectations of the masses so I wouldn't be surprised if bitcoin does still sweep those lows but takes the scenic road less traveled to get there via a potential structure called an ‘Expanding Flat' where b of (B) retraces between 105% – 138% of a of (B) (between $8 183 - $7 989), and c of (B) completes with a 1.236 and 1.618 Fibonacci extension of wave a of (B) ($8 937 - $9 161). This should result in at least a 0.618 Fibonacci retracement of (A) . I realize that the 5 wave sub count for (A) is a bit dodge in terms of the time span for wave 4 relative to wave 2 but it makes sense on the higher count and sometimes it's better to not be too meticulous or you'll probably drive yourself mad. The monthly close will be vital for the bulls. If they're able to break $9 586 and print a higher high on the monthly, there could be fireworks, but that's still a pipe dream at this stage of the correction and not an easy task without this larger correction completing with at least another leg lower. Good luck and happy trading!
BITSTAMP:BTCUSD
by Piggy_Profit
Its summer take a break wait for SeptWe have been blindsided some with a corrective deeper structure in technicals on price due to the uncertainty currently in the market. Don't be overwhelmed with your assets. Cardano's best days are ahead and I have no doubt we will see a bright future with ada if you just stick with the growth in the coming 10 years. Thats right...I said it...10 years...we have a long way to go, but that isn't a long time to do it! ADA Cryptocurrency will be needed for Smart Contracts. Every transaction made on the network tells a story and smart contracts write the scripts for these stories. ADA will be the actor in the accumulation of data between transactions. Lets not forget about the treasury system and the upcoming launch of Shelley overall. Charles recently commented about how volatile the market will be because of the crazy announcements of Libra and the uncertainty showing in the market. The society is changing and the culture of this market is becoming regulated and it is now a time to be patient once again as more fundamental development shows itself. It is highly important to stick close to the growth of the real world use case of your digital asset. ADA is not always clear but there are many important functions that this native cryptocurrency will play in Cardano Ecosystem. As the crypto fanatics say...HODL strong :) IOHK is here to stay. This is a marathon not a sprint. Have two bags if you are sprinting along the marathon. ;) I have added 4,000 more ada at .052 My laddered positions are at the following. .022 .042 .052 .076 .08 .17 .20 .28 Assets bought at .28 we later hedged and flipped from .03 to .09 for a x3 return to try to break even. I just kept the profits and added into the holding. I wont pull unless we hit $1 In it to win it :) stay savvy traders and always keep in mind price action changes all the time. An idea is an idea for the moment until the market prints us the story. Always take trades with managed risk. Thanks for following! Not much more room to go for ADA but I have set another buy entry at .032 again :D Time to start stacking for the staking! A break of the bearish channel is what we are looking for in order to go long again. August Shelley updates will be released and more on Shelley launch will be released soon. Awaiting Charles Hoskinsons next AMA. He loves to keep us informed. His focus will be ADA as soon as he gets back from vacation. Happy trading everyone!
BITTREX:ADAUSDLong
by AschraM
2
BTC Expanding flat correction - Bull are back in town!Dear Crypto maniacs, crypto friends, crypto moon lambo wannabe, after a sequel of several drops and a back drop into the mud BTC is giving some signs of resurrection. (at least temporary) Big increase of volume and strong uptrend are sign for a possible temporary reversal. We expect 5 impulse waves up to the range of the channel (major) the a possible down drop to the bottom. So this is not a confirmation of an uptrend reversal but at least some positive impulse coming from the bulls.
BITFINEX:BTCUSDLong
by thegio
BitCoin is craving for upside| #bitcoin #crypto #btcusdTraders, The high at 19,697 closed the 5-5-5 sequence ending primary wave (3) advance impulsive wave paving the way for a major correction. Wave (4) has since begun a counter-trend decline, taking the form of an expanding flat pattern, labeled (a) – (b) – (c), although the bigger corrective structure seems incomplete with the patterns projecting further correction. The first decline labeled wave-(a) has been developed into a double Zig-Zag pattern ending at 13,501. The following advance was also a three-wave Zig-Zag up to slightly record highs at 19,891.99 labeled as wave-(b), where the fib price ratios forecast was pinpointing, indicating a reversal.Worth mentioning, that wave-(b) cannot be considered as a 5-wave impulsive sequence but only as a part of a bigger corrective structure subdivided into a 3-wave internal structure.Then, of course, we had this devastating 5-wave decline labeled (c) which is the last phase of the expanding flat pattern, to 10,400 which was close to 38.2% of wave (a) extension but right on target of the internal 5-wave sequence fib price measurements. Inside the (c) wave decline we can witness what fractalization is, or Self-Similarity where similar patterns develop, through different degrees of trend. In our case, we can observe how the 5th of the 3rd wave of the bigger main trend and the 5th wave of the main trend are both extended. Now, after the expanding flat completion, a five-wave sequence with an “unusual” 1st wave extension has since unfolded, highlighting a possible “reversal signature”, making all the way up to 61.8% of the previous sharp move. Price is going through some retracement decline, covering the chart as a 2nd wave corrective structure, still incomplete. When complete, I think there is going to be a very strong accelerating advance which is going to begin the primary (5) wave. Thanks for your attention Trade with Discipline Best
COINBASE:BTCUSDLong
by ChrisMark
6
$GBP vs $AUD Daily Chart.Hi-Prob. Reversal Near 1.52400 | #gbp Traders, GBPAUD has been in a corrective structure since 26.10.2016 probably coming to an end, followed by the last 5th wave completing, in the bigger picture, an expanding flat pattern. -On the main trend 1-5 (circle), 1st motive wave has ended at 1.91858. The main trend has perforce ended there as it could not have been another wave count which didn't violate the rules. Inside expanded flat pattern: 1- Wave-(A) developed into a ZigZag, ending at 1.72146 2 - Wave-(B) developed into a Zig-Zag, ending at 2.23721, target reached extended by 1.618 wave (A). 3 - Wave-(C) is developing a 5-wave motive structure, expecting the last 5th wave to complete the 5-wave motive sequence, to complete the expanding flat pattern, as the 2nd (circle) corrective structure of the main trend. A High-Probability reversal target is 1.52400(+/-), where many Fibonacci measurements cooperate, resuming the main trend as the 3rd (circle) motive structure. For now there is still space for corrective wave (4) to cover before the drop. Trade with discipline Best
Long
by ChrisMark
5
$EUR vs $AUD 4H Chart.Identifying Patterns | #aud #eur #aussieTraders, EURAUD is in correction since 01.06.2017, and this is an attempt to identify the patterns in order to understand the bigger corrective structure of the 4th (4 circle) corrective wave. We need some more info which would make the analysis more accurate but taking some standards into account, we can build a trading plan. Looking inside at the potential flat pattern which still, we don't know the nature of it, as it could be a regular, expanding or running. 1 - Wave-A has been developed into a Zig-Zag pattern (A)-(B)-(C), with a more complex internal (B) corrective wave structure developing a Double-Zig-Zag Pattern, ending at 1.44176 2 - Wave-B is probably developing a bigger Double Zig-Zag Pattern. The first target of the wave is the previous swing high ( the origin of the wave A) at 1.52268. If price reaches the target without breaking it the scenario with the Regular Flat Pattern is in play. On the other hand, if price breaks the target then, the Running or the Expanding Flat Patterns are in play. 3 - Wave-C, the last wave to complete the Flat Pattern, should probably be a motive wave, developing 5-wave sequence. Trade with discipline Best
by ChrisMark
16
$WTI Daily Chart.More downside, Eyes 36.00 | #crude #oil #USOilTraders, USOIL corrective structure A-B-C (circle) since 09.06.2016 is close to ending, after a last drop, when C-wave (circle) completes as an expanding ending diagonal. A-B-C (circle) possible expanding flat corrective structure pattern. 1- Wave-A (circle) developed into a ZigZag pattern, internal 5-3-5 structure ending at 39.23 2 - Wave-B (circle) developed into a ZigZag pattern, internal 5-3-5 structure ending at 55.21, right on 23.6% fib extension of wave-A(circle) 3 - Wave-C (circle) possible expanding ending diagonal, internal 3-3-3-3-3 structure, targeting 36.00(+/-), where 23.6% fib extension of wave-A(circle) is, 61.8% fib retracement of 1-5(circle) impulsive motive and also it's where (i) to (iii) equals (iv) to (v). Another close target could be where 4-wave's (circle) low is (35.27). After completing this downside, watch for the next uptrend start, and buy the next (C) wave. Trade with discipline. Best
TVC:USOILShort
by ChrisMark
6