Goldenratio
XVG done correctingVerge has tipped the golden correction ratio from the Elliott wave structure it was in.
It bounced back up and managed to get out of the downward channel and it showing bullish signs for the next uptrend/Elliott wave structure.
Lot of FUD but nothing to worry about ;)
"NOT a financial advisor, seriousness reduces life. Make sure you feel blessed when waking up, millions of people died during their last night sleep."
If you want to donate crypto:
L T C : LgdvQDGv4v4krzdmVmozSopdvcLUbpj3Ye
B T C : 1Dx6c5e4BNaDMtSBp53dWGExYJccxmqc7k
E T H : 0x43e36a719c407285ec3c967857d13e9926771b78
X V G : DFT1FpC1d9MBHfFB7M4UPjorQEfJuFQEoh
Litecoin... almost thereLitecoin is at a critical pivot I have been highlighting for a long time in several posts. The 'golden ratio' of .618 Fibonacci resistance which LTC is currently teetering around (now a few dollars below). We need to see a solid extension above this level, which equates to about 163, to establish a firmly bullish perspective going forward as far as technical analysis is concerned. The importance of Fibonnaci levels is critical and this is shown with 11 elliptical circles showing where Fibonnaci levels have served as support/ resistance. Recent bullish development include:
1) A reversal in volume patterns with respect to price indicated by the upward sloping green line which is preceded by 4 or 5 downward sloping magenta ones.
2) Positive RSI developments indicated with a white dashed line.
3) Failure of the 'death-cross' to occur which happens when the 50-day movilng average dips below the 200. LTC is also above both of these moving averages.
4) Bullish MACD crossover visible at the bottom.
At the time of writing RSI is indicating LTC is a bit overbought and may pull back a bit but I doubt this would be the start of a large drop. If you find this info useful please give a like, criticisms welcome.
BTC!! breaking out of Wedge before completing the Golden Wave!Happy easter Monday to erbody in Aus!
instead of eggs I’ve been hunting the golden ratio.
As we can see here we have a nice Fibbonaci trend matching a 5 wave elliot with a WXY correction wave. In the Fibonacci B section I’ve shown the 3,3,3 pattern for you of a WXY correction, but it gets a little small in the d section to map out so you’ll have to trust me.
If the waves continue to line up with the Fibonacci date sequence we should see another low on May 5th. However, given the descending wedge building pressure at the end the cycle is going to break up or down. The consensus seems to be down, but I’m not so bearish.
Two signals showing reason to go long:
1) in Fib e, waves 2 and 4 close on or above the green trend line, being the average of the 10 close points it acts like a support and resistance for shifting trends.
2) the 3rd correction wave of the series closes above the x trend line.
I feel like BTC is our hero, hanging off the edge, And no matter how many times his fingers are trampled on, he doesn't let go. One hand slips, 4 fingers left, now 3, now 2? But we know our protagonist will be saved somehow!
*Disclaimer: don't take trading advice from anyone built on a narrative.*
Good luck and count those bull pins!
BTC!! breaking out of Wedge before completing the Golden Wave!Happy easter Monday to erbody in Aus!
instead of eggs I’ve been hunting the golden ratio.
As we can see here we have a nice Fibbonaci trend matching a 5 wave elliot with a WXY correction wave. In the Fibonacci B section I’ve shown the 3,3,3 pattern for you of a WXY correction, but it gets a little small in the d section to map out so you’ll have to trust me.
If the waves continue to line up with the Fibonacci date sequence we should see another low on May 5th. However, given the descending wedge building pressure at the end the cycle is going to break up or down. The consensus seems to be down, but I’m not so bearish.
Two signals showing reason to go long:
1) in Fib e, waves 2 and 4 close on or above the green trend line, being the average of the 10 close points it acts like a support and resistance for shifting trends.
2) the 3rd correction wave of the series closes above the x trend line.
I feel like BTC is our hero, hanging off the edge, And no matter how many times his fingers are trampled on, he doesn't let go. One hand slips, 4 fingers left, now 3, now 2? But we know our protagonist will be saved somehow!
*Disclaimer: don't take trading advice from anyone built on a narrative.*
Good luck and count those bull pins!
NZDCAD - Golden ratioNZDCAD - Golden ratio - Short opportunity. Thank you for your likes and comments. You can alsofollow my other social media accounts.
GBPJPY (Bullish Cypher Pattern) -4h ChartConfirmations for Cypher Pattern:
- A to B must touch 0.382 but cannot exceed 0.618
- B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension)
- C to D must touch 0.786 of X to C
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)
Look how X to B distance is 0.384 (around 0.382!)
A to C distance is 1.271 (around 1.272!)
X to D distance is 0.834 (around 0.786 - 0.886!)
B to D distance is 1.618 (exactly at 1.618!)
BTC Golden ratio similaritiesUpdated idea of BTC for long term
Tips are welcome to this BTC address: 1KYDPJ4XEribrakTSTnTrEX4C3syhcFxpo
Its just my opinion, don't take it too serious
This is not financial advice nor a fact that
this pattern is going to happen
AUDUSD (Sell Breakout) -4h ChartI measured bearish impulse by placing 0.236 right below ABCs and we can see how price retraced around 0.618, at this point I expect to sell the breakout all the way to previous support where -0.27 is, with Trend-Based Fib Extension I confirmed area with 1.618 around -0.27.
MACD has a strong resistance at top, which confirms bearish impulse.
Good Trading. -4h Chart
EASY Daily TREND BUY OFF 61.8 GOLDEN RATIOwe have many reasons to enter an easy buy off gold, WE HAVE A HEAD AND SHOULDERS on a 4H, We have a trendline touch on the daily and off the daily we can come to the senses of the 61.8 touch and a engulfing candle on the daily meaning we still in a bullish trend and on that note we have a daily touch on the golden ratio which is the 61.8 which means we have a high probability of going to previous resistance and past that i say its a safe buy for the next day or two! happy trading
USDWTI (Oil)First we got a pretty good resistance with a double top, which means we have a possible 2618 trade:
- double top
- measure impulse
- wait for retracement at 0.618
Double top + 0.618 = 2618 technique
I measured bearish impulse so I could confirm areas with some Support & Resistance and we can see how each pattern or consolidation was formed around those areas, even fibonacci retracements respect those areas.
Also used some Support & Resistance on MACD to confirm divergence.
BAT PATTERN
-Left Leg
At first there's an ABCs formation right at where bearish Bat Pattern began, we can see how it went bearish forming an Elliott Impulse with 5 clear points and each consolidation that was formed respected fibonacci retracements.
-Right Leg
After an Elliott Impulse there's always some type of consolidation, which is exactly what we got with that double floor at the bottom, right after that retest it formed a pullback that I measured with Trend-Based Fib Extension, we can se how 1.618 - 1.414 area is exactly around bearish area.
We got 0.886 -0.786 area from Bat Pattern, 1.618 - 1.414 area from Trend-Based Fib Extension and 0.618 from 2618 technique all at the same area!!!
Good Trading. -1h Chart
Daily SAFE SELL! ABCD PATTERN OFF 61.8 BEAR PATTERNWe have on a daily time frame a sell order that will complete im sure to the 1.27 i usually like to reciprocate the 61.8 to the 1.618 how ever we still are in a bullish trend which will make the trend line and support area a hard area to break and i will expect it to retrace back into bullish before we can break into the 1.618 area which may take some time but i have no doubt that we will eventually get there but we did break previous low which gives us the short term sell for the next couple days, Its a safe SELL!
(FINALLY) A Live BTCUSD chart minus the auxillary indicators!I finally spat the dummy and just created a new chart layout without all the additional indicators displayed below the candlesticks.
Now we have some clarity at last!
If anyone has any idea how to publish an idea with displaying all indicators, please let me know!
As we can see from channels, yesterday we broke below the upwards channel drawn between Wave 4 and Wave 5 on a 'cycle' EW timeframe.
This wasn't maintained for long before a bounce back. I spent ~2/3 of my fiat account on various crypto's at this point - prepared for the price to not reach this low again, but also prepared to have some remaining funds for a further potential drop.
We are nearing the end of an ABC correction no doubts about it. What remains to be seen is if we are now beginning Wave 5 in a EW supercycle, or if this rally is temporary - a 'primary' Wave B within a 'cycle' Wave C, with a final (primary and cycle) Wave C drop yet to come, which would complete the correction before the supercycle Wave 5 begins.
In any case, my projection for bitcoin is $33,000 USD by March 2018. However, at this stage, this figure is a guestimate at best. I am constantly modifying my analyzes to account for the most recently available data.
The red box drawn still accounts for all my predictions and speculations on BTCUSD since 29th December 2017. I still believe we will see price move to within this box, but most likely not lower than $11,000 USD - price is unlikely to move within the lower half of the red box.
That being said, a foreseen future event often becomes a self-fulfilling prophecy - making it occur earlier than anticipated. We may well see this at play in the near future.
Clearer Bitcoin corrections and projectionsI've removed several tools I use to make this graph clear.
I've included my minimum target of 2.618 extension between wave 3 and 4 of the supercycle for the next high before we see a more minor correction.
This time-projection is derived from trend-based fibonacci time extensions, and fibonacci extensions.
Bitcoin Price Prediction: 13th JanuaryThis graph has been modified to reflect more accurately the ending diagonal pattern.
It also includes a comprehensive elliott wave count, up to the supercycle.
We are in Wave 4 of a supercycle, so can expect this correction to last a while longer yet - even if it does not retrace more deeply, to satisfy the EW principle of symmetry in time & price we would then expect a flat price for an extended time.
EURUSD Bearish setup against 1.1940 Technically I see the EurUsd unfolding a Triangle Wave 4 corrective pattern that is languishing in nature. The three way pattern we're are counting is expectedly in the wave (c) of a-b-c zig zag Wave C pattern down.
on the 30mins-1hr chart the five wave fall from 1.1961 we believe is corrected by an irregular flat (inblueonchart) that retraces from 1.1817 to 1.19408
The minimum target would be the A=C target of 1.1796 level.
The Next Target would be the A*1.382=C target at 1.1762
The Next Target would be the A*1.618=C target at 1.1707
Below this 1.1664 is of major interest because it was be the larger degree triangle C = (A*61.8%) Level.
We expect EURUSD to stay below 1.1940 and certainly 1.1961 and open Sunday dropping.
