Get started

Noob

This is my first work attempting to use Fibonacci on Elliot WaveI am not formally trained and am not pretending to be. I am simply an interested person who stumbled upon Elliot Wave in an attempt to understand the Cryptocurrency marketplace. I have never traded nor analysed trading. I am simply interested in mathematics and geometry and their use in analyzing and extrapolating future tracks of a market wave. I am probably wrong in many ways. I know that already. Constructive correction and information is appreciated.
BITFINEX:BTCUSD
by traderjose22
DOGEBTC - Who let the DOGE out?DOGE is dead! RIP DOGE! Its a shit coin! Really? Do you really care if it gives you back 10X returns on your investment? This coin is making investors happy no matter what fundamentals have to say. It just matter at what time you put in your money in this. This coin has survived years of trashing and big traders know something that small ones dont. Chart says there has been a huge investment into this. Why would someone invest huge on this shit coin then? Reason - If you can get into this coin in less than 20 satoshi, its a great way to survive the massive bear runs in crypto world. I would prefer DOGE to USDT Tether at these levels. Coins dont get lower than this and DOGE has solid support by Hard wallets. Play safe!
Long
by vickygautam
10
All GainsI bought into this one from 335 after reading a post from @TheCryptoLabs and working an Elliot Wave count on the chart. Do you guys think this can possibly return 400+% ? So far I am up 43%..and I am seeing a bullish wedge forming to continue our uptrend. If it gets to my wave (3) I plan to short it (from myself, not margin) to pick back up at the end of wave (4) for a ride to my wave (5). Fundamentally this is an interesting coin. They will be having their Terraform genesis city auction December 15th which managed to raise 1.65M USD. If that sounds interesting check them out for more details. After wave (5) I might even leave a long term investment in the tech to see where they go.
by Hajamu
ReloadingThis chart is textbook Elliot Wave. We have currently just finished wave 3 of a larger timeframe which also completed wave (v) of a shorter fractal wave. I am looking at a .38 retracement to complete a wave 4 which will then go on upward to wave 5. Remember retracement waves such as 2 usually take an a b c... pattern down as seen in the chart for waves 1 to 2. And rememeber that impulse waves usually take an i - v path... as seen in my chart from wave 2 to 3. So I expect an abc type wave to get us down to 4 and a i-v wave to get us up to 5. Remember money management and stop losses. TA is a probability game and who knows what will happen between now and the end of this trade. what do you all think, Peace
by Hajamu
7
Wedge BreakoutI decided to post a new topic since I have been posting screenshots of my BTC channel trades in my Onward Dasher post. The descending wedge outlined by yellow finally broke out. Right where I had my blue support line drawn from what I saw as a possible break out line the chart was creating. The breakout seems to have stalled out right at the 1 Fibonacci line which I found from taking a Fib Extension from the base of the previous breakout to the ATH top and off of its extreme low. Beautiful how perfect that worked out! The blue box shows that 1 to 1 extension area. Off of this it might correct lower or stall. But I think it should follow my blue line up especially if it doesn't break the yellow support line around 10k. Possible next levels are to the top of my green box which I created using the base of my descending wedge.... What do you all think will happen?
COINBASE:BTCUSD
by Hajamu
Onward DasherDash was one of my earliest picks due to the organization behind their community and development team. I first added to this coin back when it was at 338 and it has since performed quite well. Dash has quite a few use cases and has already penetrated the transactions market. Most importantly Dash's quick recovery even gains during the past few days says much more than any TA as market psychology seems to be in favor of Dash. I think Dash may retrace to the .382 fib line which I have marked with a green box before continuing upward to a wave 5. I do not think it should retrace more than the .5 line. Also keep in mind our current market physiology. Dash will not stay down for long. As I am typing this Dash has already bounced off the tip of my box. Dash might not retrace much and find support above my yellow support/resistance line. What do you guys think?
POLONIEX:DASHUSD
by Hajamu
Considering doing my very first trade.First of all let me say I'm not a trader yet, I'm an investor in some cryptocurrencies since July of this year. The purpose of this chart is to know what you experienced traders think about my trade idea, if you have the amiability to give me your thoughts. The idea is to entry at $1325 and take profit at $1800, with a stop loss at $1200. Most of my analysis is based in fibb levels setting 0 at $2800 and .768 at $851 which is the support for now. I'm also looking if RSI manages to keep above 50, and not losing momentum. I also keep the eyes on BTC, if it attempts to hit $8000 again with enough strength for a breakout, I'm not doing this trade. Orange arrows represent my pronostic for the next three days IF BTC starts a correction. Allright so that's my chart and my trade idea, almost full dependent of BTC's next steps. I will apreciate every constructive critics. Opinions also wellcomed. Thank you in advance.
B
by Kush-TRADE
BCH Run Up?BTC is currently in the midst of a major correction which I felt was imminent when I wrote my Oct 21st post. Since then I had bought into BCH when it completed its double bottom back at $400 (wish I bought more). It has since been a crazy ride and I cannot say I saw that run to ~3k coming. Right now BCH is in the midst of a well needed correction. I do not believe it is done. It is just now touching the horizontal trend line I believe it will follow up or bounce off of in an upwards trajectory. The 1H, 4H, and 1D (Not as much) charts seem to be ready for a run up. On the other hand there is not much room on the 1D RSI though, so it might not go up too far before needing more gas. This also leads me to think it might need more down time. If my horizontal support line holds we should be good. Let me know what you all think... Is BCH ready for another run? Is it just a run up or "The Flippening"? Sorry for the terrible chart Peace
BLong
by Hajamu
6
Noticing breaks in support and the reactive spike upward. First post to anything really, so bare with me. If you are someone like me, new to trading and aren't very knowledgeable in TA. I suggest finding patterns for yourself like I have. Don't need any fancy lines or angles. I actually don't use any, just have them there for the purpose of this tip. As you can see, every time it breaks the support it just keeps going down then shoots right back up. This I think is because a lot of people have their buys set on the support. Once people see that it breaks that, they panic. Especially if they see it break their fancy lines. That's when you can start laddering your buys in. (there's never a way to tell when the best buy or sell is, so always try to ladder your funds in). Fancy lines are actually great, one day I hope to be able to use them well. But in the mean time its good to go through the history and find patterns. You can even go further back and see that it follows the same pattern over and over. Feel free to critique as I'm open to learning new things. This is not advice, this is just my strategy. Thanks and wish you all da money.
BITSTAMP:ETHUSD
by AdamBradley
1
Hardfork drop predictions? Let me know!So the Hardfork is getting closer and closer. BTC will likely drop, but where will it find support? If you look at the trend since July, You'll maybe say that it will find support at about 5000. that's the bottom limit for the long term trend. One more thing that might argue the opposite: BTC will rise right after the Hardfork -> People will maybe trade the new SegWit2x coin for BTC, driving up the price of BTC. As you can see I'm still confused. I want to go long on BTC, but am confused for what is the right time. Let me know what you think!
COINBASE:BTCUSD
by SamvanProoijen
2
CVCBTC must decide its courseDisclaimer: This is an official noob chart. Identify management is one of the key applications of blockchain technology and CVC is one of those coins with true application built around it. The current price is just under 3 times its launch price. CVC has lost more than 80% of its value against BTC. This is an undervalued coin and TA suggests its a good time to accumulate too. You cant be disappointed with this coin at this price. I will be watching this one.
CLong
by vickygautam
Is The Sky Falling...Yet?There is no doubt BTC is in an uptrend right now! But the question is for how long will this trend last? Markets have cycles, nothing will go up continuously and BTC is not excluded from this fact. Right? Being relatively new to the cryptocurrency markets I have always wondered if I started too late? And the answer is no, the technology isn't going anywhere a matter of fact it is just getting started. The fact remains though that the market is overbought. And needs some room to grow. Right? So in answer to the question posed by my title... Is The Sky Falling? No, not now, but it will. It might be a quick visit downward (like on 7-10 and 9-11) or an extended downward trend (2013-2015). The truth is we do not know anymore than what the charts are indicating. I personally would not buy at our current prices to invest long term. Much of our current price increase is due to what I call "Fork Envy", folks just buying up BTC to get an equivalent amount of BTG. Allot of our current gains are not instigated by new money entering the markets but from folks closing positions on Alts to add to their BTC positions. It is not a bad strategy, you better believe I have Fork Envy! This newly made BTG will possibly end up right back into BTC further driving the prices up. But will it be sustainable? Is it all artificial gains? What does it all mean?! I have no definite idea! Let me know what you all think? Volatile times we live in...Good luck. Keep the Stop Loss tight, Peace
BITSTAMP:BTCUSD
by Hajamu