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Impulsewave

NEM ($XEM): Triple ZigZag vs. Impulsive Wave-1 with extensionXEM is difficult to predict now. I can see a few possible movements: a) Impulsive Wave-1 with Wave-1 extension = I expect retrace to 1600sats zone. b) Triple ZigZag Correction = retracement to 1900sats zone So, I'm going to wait how XEM manages re-test of 1900sats zone. Then the next price movements will be more clear. Generally, I don't expect that XEM will go lower than 1400sats. If you like my charts, pls. hit that "like" button, follow me or leave your comments. Thank you!
by AsBobbyDigital
Gbp Jpy ShortPrevious Day's Momentum is Bearish overall. I continue to think there is a need to push lower to fill a large wick @141.15. With this bias in mind i take a top down view to find clarity. Weekly- Support @ 140.52, Resist @143.00. Bearish overall on this chart. Daily- 141.34 seems to be a significant level for Bullish price interaction to the far left. 1 Hour- Double Top w/ multiple interactions @ 142.80 within the previous day. Yesterday, we also saw a failure to break the 141.50 Price level of short term support. I would like to see GBP JPY retrace to the 142.26/37 levels in an impulse before pushing lower to fill 141.15 level lower. At that point, we are likely to see a reversal in Bearish sentiment.
Short
by Fistbumped
USO! when oil starts the bear move it's one of the easiest tradeI've been doing well buying puts once the corrections are developing. Usually about 3-4 weeks out to allow the correction to develop and so I dont get slammed by theta decay. Now eventually if we're in an impulse to go down, we will need to see a bigger correction to develop. Will we get a few more pushes down before that happens, or will it start right now? Either way I'm looking to purchase another put sometime within the next week (as long as we dont breakout past the downtrend line, this will signal a deeper correction/ reversal depending on how price behaves after that) Longterm view in the comments. (not confirmed yet, just looking that way)US thanks for looking, and trade responsibly!
AMEX:USOShort
by adambiers
1
ZRX Short Term Bullish Count for 0x - Original Live Stream ChartWe discussed this play during the live stream, and it was clear there was a lot of potential here. We were moving along perfectly with wave 3 when we suddenly got a jolt that propelled us far ahead of what was expected. The fundamental injection came from the news that Coinbase was considering, 0x, ZRXBTC for listing on their platform. I had adjusted my bullish count after this news, and this is the strongest count I have. We should see continued impulsive motive waves given the high impact of these sorts of announcements. The only variable that is unable to be modeled is the retracement of the initial pump caused by the announcement. Unfortunately, a strong corrective sub wave can invalidate this count, and we'd need to address anew count with softer targets. That's why THIS, is the BULLISH COUNT. Prior to the Coinbase FA earthquake, we saw strong Fibonacci ranging with numerous tested supports at critical levels, so I expect to have many predictable resistance levels en route to primary wave 5. Keep in mind, you should always move up your stop losses when you can, when you have a strong support and you can place the order below it. Instead of taking profit by selling at target, move your SL to a tight support below the current level, locking in additional gains. If we turn south and retrace strongly below the current subwave correction, I'll share my moderate-bearish count which may be a bit more realistic, as it negates the initial FA pump from the news. If Bitcoin continues towards its 4k target without much support, ZRX and our other alt plays could be directly impacted as well. To be determined. For now, Trade Smart & Know Better! - Lord Vader (a.k.a. Darth Crypto)(a.k.a. The Big Dip Sith)
by jessesfeinberg
1
USOIL long and short breakout ideaShort term bear trend coming into action. 1h shows a 1-2-3-4-5 wave possibly in play with another leg down creating the 4-5. Big lower wick on the 4h and daily. Green dotted lines are support and resistance levels. Green arrows represent long positions. Red arrows represent short positions. Green boxes represent take profit regions based on ema and support/resistance zones. Rsi is cooling off as prices climb down (bearish rsi divergence) = rsi will allow another leg down. 4h macd show potential bull cross + reduction in macd divergence = more likely for volatile breakout
TVC:USOIL
by Artemizios
1
BTC ... is the plunge over?Hello All, A quick update ... there are different possible interpretations when it comes to EW. The short summary ... (1) did we have an ABC correction up from 7040 (black wave)? (2) or did we have an ABCDE leading diagonal up from 7040 (purple wave)? Thing is, selecting one or the other decides when the impulse down started ... and the projected bottom (in the short term), is very much dependent on that choice! The purple wave suggests this is FAR from over ... and alts will be jumping off cliffs soon, as BTC goes to 5.4k or even lower. In this scenario I do expect a quick, massive wick down, as many longs liquidate ... then a proper recovery. I can't tell you where that ends ... I see possible stops at 5.4k, 5k, 4.4k, 4k .... all the way down to around 2.9k. Don't freak out though ... I really do expect this to be quick, so if you are protected by stops ... The black wave suggests the correction is over (for now) ... and we go up from 7370, close to my original target of 7425 (see this idea ). This scenario then leads to a mediocre recovery, then another attempt to hit bottom, and I suspect that one would succeed. Again, I see this ending with that massive wick down, creating a V shaped bottom. We will know soon enough. Watch volume especially, and alt action (are they really recovering in a healthy manner)? Those are clues, they always have been. Please comment which way you think it will go ... BLACK WAVE or PURPLE WAVE Remember, only a fool relies on one potential outcome. Do not make financial decisions with this information ... for educational purposes only!
BITFINEX:BTCUSD
by MAGICMARK
11
Aud/JpyAJ is in an impulse wave and I have been taking a close look at it. It is about to run into the 1.618 extension of wave 1 at the 84.60 level, which also lines up with equal length of the large correction it just made, definitely a level price may react from. So, considering everything I have looked at, including measuring the smaller impulses within this impulse, if AJ does some type of wave 4 like correction in this zone (which price levels are labeled on side bar) without breaking up and breaking yellow trend line, I would look for another wave up possibly even extending up to that 1.618 extension. If it were to continue this breakout, I would look for a deep wave 2 retracement from that 1.236 extension zone above. The way it is measuring, I just feel like that yellow trend line (top of impulse) will be useful. We can go into a combo pattern that can provide a nice sell or even continue down long term, but I have to consider it to be in an uptrend until I get higher time frame sign of reversal. We'll probably get a sell from the 84.60-85.00 level but it may be short lived. It's at a major level and supply zone right now and there are 2 ways of thought. Some may be looking to take it back down for a bigger "X" wave, which is possible considering summer, but it doesn't look like that to me. In summary, very nice buy if we get some nice corrective structure, be careful with trying to hold the sells. I will try to update you on it. It's much easier to explain and understand if you just watch when I do my live you tube streams. We might wind up with something that gives us an overlapping diagonal that will be tradable both ways....
by thillygoosth