Get started

Wave5

BTC ... in it's darkest hour.Well, since publishing my last idea, we have confirmation ... we are not in a triangle wave. This has simplified things, and it is likely we are in wave 5 ... the final, darkest hour for BTC. Of course everyone is asking, where is the bottom. I've read 6k, 4k, 3k, and even 1k in the blogs. Could any of these be discarded? NO! Why? Because it is BTC, and there are too many variables for any one human being to be able to draw a definitive line. However, let's not give up on TA just yet! Look above, I've spent some time on this chart. The grand wave is shown in red, and the question is where will point (5) stop. The purple wave is our current mini-wave, defining grand wave 5. Grand wave point (5) is dependent on the current mini-wave 4 recovery. To help, and because I've seen predictions as low as $1000 BTC, as well as taking all data into consideration for the past year, I've drawn Fibs from the low of $888 BTC, established on March 25, 2017 and the All-Time-High close to $20,000. I've also established some potential support lines, back to that time frame, within the probable range of the wave 5 bottom. Technically, mini-wave (purple) 4 should not go into mini-wave (purple) 1 territory, but it's not impossible. In fact if you look at grand wave (red) 4, it does go into grand wave (red) 1 territory. So two potential points defining the range for the mini-wave 4 end point. Option (4a) is stopping at the bottom of mini-wave 1. Option (4b) stops at the All-Time-High Trend Line 2. By the way, (4b) also happens to be around the 0.618 Fib retracement, and I'd say that is interesting. I'm doubtful wave 4 could go any higher. So really, mini-wave 4's likely range is $7200 to $8200. Then down. The second thing we need to note is that mini-wave 3 cannot be the shortest wave. Mini-wave 1 is already very long, so mini-wave 5 needs to be the shortest. This is a pretty hard-core rule for Elliot Wave. Mini-wave 3 was a drop of approximately 2600 points. So, if we take 2600 points as the max for the mini-wave 5 drop, and we hypothesize that mini-wave 4 will stop between $7200 and $8200, we can define the likely target range for the mini-wave 5 and grand-wave 5 end point (they will coincide). The boxes I've drawn are essentially the target range for wave 5, with the top being defined as the bottom of mini-wave 3 as a minimum retracement, and the bottom of the top box being mini-wave 4b top less $2600, and the lower box being mini-wave 4a top less $2600. If this sounds confusing, slow down, read this carefully, until it makes sense. Within those defined boxes, I've drawn support lines that are likely meaningful, and selected the lines that fall within those boxes. If mini-wave 4 goes to point (4b, approx $8200), then we will likely have a $6k double bottom bounce (perhaps with a small extension below $6k). If mini-wave 4 stops at point (4a, approx $7200) then we will likely go to the $4.9k level. After that, if Elliot Theory applies, we should start a GRAND RECOVERY!
BITFINEX:BTCUSD
by MAGICMARK
4
EURUSD - Bull Run to Continue Following Completion of Wave 4I'm eyeing wave 4 to end around 1.16570 and run 1.0 of wave 1 = 1.20650; but may also be 2.0 of wave 1 = 1.24801. A length of 2.0 also has confluence of intersecting with channel boundaries in symmetrical days (30) as Wave 1. Rues: IF Price Action = 1.16570 AND there is a major reversal pattern or candle on 1-day or 4-hour chart AND there is some major fundamental news favoring EUR or disfavoring USD, THEN use buy stop when trend line breaks to confirm trend (~1.16799) setting TP1: 1.20180, setting TP 2: 1.24952 Good luck!
Long
by milljohner
BTCUSDWave 5 before a correction? -if this trend continues into 5 impulse waves of smaller degree, then we would have reached a larger degree wave 5, meaning a correction to follow. Appears so to me, 12.5k in sights. -I think it will take a couple days, maybe 2-3 before reaching this price point and I expect the ALTS to continue to show poor performance on the upside. Maybe once we see this 5th wave end, we will have a real indication if BTC is to continue this bullish trend - but it could easily be a "B" wave of much larger degree. only time can reveal that.
BITFINEX:BTCUSD
by astoinis
EOS Still Has a Long Way to Go; Target @ $17EOS has not even completed the five subwaves of wave 3. EOS has just completed subwave 4 and is about to start subwave 5. Subwave 4 is in the shape of a bull flag and is a ABC correction. Since subwave 3 was longer than subwave 1, subwave 5 is likely the same length of subwave 1 and hit $17. After EOS, completes the five subwaves of wave 3, it will likely correct to the 0.382 Fibonacci Level, which is $14. That gives us a good opportunity to increase our position and prepare for wave 5.
BITFINEX:EOSUSDLong
by aoeuaoeu
1
Such Currency, Plz pump; Dogecoin consolidation over?Dogecoin appears to be currently on intermediate wave 4 (blue) and is about to start wave 5. Wave 4 is a flat correction, which is a 3-3-5 ABC correction. Soon, Doge should start pumping again and hit the short-term target of 11k. Doge could hit as high as 1750 in the long term. Since cycle wave 1 (pink) and wave 3 are about the same length, wave 5 should extend. Then assuming a 0.618 retracement of wave 3 and a 1.618 Extension, we get a target around 1750k.
DLong
by aoeuaoeu
Boeing - How high can it fly?Boeing - How high can it fly? Boeing has gone supersonic and is close to leap into space... But is this time different and it will become weightless or will gravity make its influence pull Boeing back down? You can be sure that it's the later that will win causing a major plunge in a not too distance future. The reward to risk ratio no longer favor staying long in Boeing. Wave 3/ of 5 has already seen a 500% extension of wave 1/ and is close to being a 161.8% extension of wave 1 through wave 3 added to the low of wave 4. I expect wave 3/ will peak at 295.75 for a correction towards at least 255 and maybe even closer to 231 before the final spike higher to 311 to complete wave 5/ of 5. This will be when gravity finally will pull Boeing back to earth, for a strong decline to 175.50. Don't fall in love and fly away with Boeing at these levels...
NYSE:BA
by EWS
3
Ripple Not Done Quite YetThe price of XRP has jumped dramatically, but it's not done yet! XRP has just completed a leading diagonal, and after a very short correction (which may already be done), the price will start shooting up again. The first target is $3.50, which is just over the previous high since minor wave 5 (black numbers) should exceed minor wave 3. The second target is $4.20, which is just a physiological resistance level. Don't worry, I don't smoke weed. Of course, XRP could exceed these targets. However, I must warn you that after this pump, XRP could crash to below $2.00 as the price has simply gone up too much too fast.
BITFINEX:XRPUSDLong
by aoeuaoeu
Zcash Long to $900+I've counted the Elliott waves, and I have only spotted 3 completed waves so far. That means that ZEC should experience some more correction in wave 4 before exploding up again. ZEC already completed subwaves A (12345 impulse) and B (abcde rising wedge). Wave C should start soon, and should be a downwards 12345 impulse. Of course, there is a possibility of further corrections in the form of WXY, but in that case, the corrections would be small and contained. My conservative target is $820, a 1 to 1 Extension of wave 1, and my aggressive target is $905, a 1.618 Fibonacci Extension of wave 1. I believe that ZEC will likely hit the 1.618 Fib Extension, because waves 1 and 3 were about the same length. According to Elliott Wave guidelines (not rules), wave 5 will often be extended.
BITFINEX:ZECUSDLong
by aoeuaoeu
1
REDD Coin performing wave 5 count?It seems REDD Coin has just started it's wave 5 count in a bullish trend. Price action is above the Ketchup (13 EMA) as well as the Water and Mayo EMAs. 'TDI' shows additional suggestion that an upward move will continue as the 'RSI' line has just hit the upper outer band of the 'TDI' channel, pushing towards the '60.0000' area. In my opinion this will continue to rise whilst making significant gains as it ploughs through the resistance areas. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
Long
by UnknownUnicorn661419
4
ETH Long to 920According to the Elliott Wave count, ETH just finished sub-wave 4, meaning ETH will start another short impulse and hit $920 soon. The price could easily go over $920 to around $1000. However, keep in mind that ETH is just finishing up the last sub-wave of wave 5. During the correction phase afterwards, ETH could lose 20% of its value or more! Nonetheless, after the severe correction, I believe that ETH could rise to $1400 in the long run. Also, the RSI is starting a strong uptrend, and the MACD is about to experience a crossover.
BITFINEX:ETHUSDLong
by aoeuaoeu
BCH ready to EXPLODEBCH is forming a symmetrical triangle, and we are at the very tip of it. That means that correction is almost over! When the wedge formed between August to October, the price exploded afterwards! We are now forming a very similar pattern. There is no reason to think that the same thing wouldn't happen to BCH. The RSI is showing the same thing. The RSI is forming a bullish falling wedge. Last time we formed a bullish falling wedge, the price skyrocketed. Why won't the same thing happen again? With Elliott Wave analysis, we see that we are forming a ABCDE correction and are on wave 4. That means we have one more wave to ride, and that wave will bring us to a new all time high! The journey to $3000 will be a rough one, but remember this is not a swing trade or a day trade. It could take us a couple months. Still, doubling your money isn't bad, right?
BLong
by aoeuaoeu
7
IOTA ready for Wave 5We have just finished our correction and are looking to start wave 5 of this amazing run. During the correction, you will see that we hit the fib lines perfectly, ending with a kiss to the 618 line. The fib extension for the 5th wave matches perfectly with the retracement of this correction, so I am thinking we will reach $7.15 (to possibly even $9.80) for this next run. Don't know about ya'll but I'm stocking up on more IOTA! disclaimer: NOT advice, only my opinion. DYOR and use this only for comparison
BITFINEX:IOTUSDLong
by spacemonkeey
2
Total anonymization is a powerful tool! It attracts money.Hiding monies, doing illegal stuff, cover up identity etc is something a signifcant amount of people wants to do. And what is the best financial tool to do so? That old horse Monero! Fundamental Maybe Monero isnt the best financial tool? There is a lot more anonymous coins out there, Zcash and Dash for example. Though it's not Dash's selling point anymore, it actually started out as Darkcoin and back then it was. It's my belif that Monero is the best, and my knowledge about the subject is probably higher than average, but many know much more so don't take my word on it. Research if interested :) What I am certain about though, is that Monero is the go to coin when you want to be 100% anonymous today. Monero has been around a long long time and still going amazing. That's what I believe will attract buyers. The fundamentals are good and people are using XMR. Cryptoland is on fire and getting money poured in, there is big reason to think that a large portion of that will go towards Monero. It's a coin you just need to have a portion of in a cryptoportfolio. Technical Right now I believe we are looking at the fifth wave, and that it can go as high as 430 USD. Though I don't like that last bit of risk outside of my pitchfork so looking to get out at 355 USD. There we have the 3.618 from wave 4. Including the edges from pitchfork. I've had Monero for a long time, but I think it's time to add a little bit more. 50% here at current prices (185 USD) and 50% if it gets back down to the support between the 3.618 from wave 2 and last ATH, let's say 150 USD. Stop Loss below 135 USD, should be good support there :) Numbers Buy - 185 & 150 USD Sell - 355 USD Stop Loss - Below 135 USD.
BITFINEX:XMRUSDLong
by Kryptokelly
48
DJT - Wave 5/ of 5 of V to cluster resistance near 10,756The Transportation index in now in wave 5/ of 5 of V and should ideally make it higher to the cluster resistance near 10,756. It's clear that a five wave rally can be counted from the March 2009 low of 2,134 and a five wave rally can also be counted from the January 2016 low of 6,403. Once this five way rally is complete a decline towards at least 6,403 should be expected. However, my preferred count shows that this five wave rally completes an impulse of one larger degree, which calls for a corrective decline all the way down to the March 2009 low at 2,134... It's no a question of "if", but "when" the DJT tops. So don't fall in love with Transportation and become overly bullish at this point.
DJ:DJTLong
by EWS
BTCUSD Perspective And Levels: How Low Can It Go?BTCUSD update: Price establishes lower high at 3808 and is poised to push lower, but the question is how low? I am going to present some possibilities based on Elliott Wave and Price Extensions. This chart further explains why I will not go long ETHUSD at current prices for a swing trade. In my previous report I talked about the double bottom on the 4 hour ETHUSD chart and price pushed back up above the 270 resistance. Some may wonder, why wouldn't I talk about that as a trading opportunity? The reason is, that particular price action does not fit within the criteria of my swing trading plan. That doesn't meant it can't be considered as a smaller time frame trade, like a day trade, but that is up to you. I do not write about day trade opportunities and setups because there is too much complexity and adjustments that have to be made for that type of trading especially to report in a timely manner. My goal here is to provide analysis that offers perspective and to help you make better decisions in general, but the emphasis is on swing trading. With that being said, I am waiting for a setup in ETHUSD that can get me in for a broader move, and since I am not shorting these markets at all, that means I can only wait for a long setup in the right environment. Since all the alt coins are following BTC, I am using this market to provide clues for timing such a trade. In terms of Elliott Wave, this market has established lower highs at 4120 (Wave 4 of C), and at 3808 which may be the beginning of Wave 5 of 5 which is likely to complete the corrective Wave C. A measurement of the current price structure reveals the 4.618 extension around the 2824 area which is located within the 3024 to 2497 support zone (.618 of the entire recent bullish swing). Also it is important to note that the 3003 level is the peak of the broader Wave 3 that was established in June of this year (see weekly chart). A retest to slightly lower levels makes sense and would be a convenient area for a completion of the corrective wave structure. (It would also be a very large double bottom relative to the 2980 low). This scenario can take a week or more to play out and will require a significant catalyst or series of catalysts to drive the required momentum. I will be watching for a break of the 3490 weekly low, which is the first sign that this extreme low scenario is more likely to unfold. So how is this information useful? For one, I will not buy anything at the current price levels. If price is going to build a bullish argument from here, it needs to take out the lower highs and establish a clear bullish structure. That means 3955 needs to be taken out, followed by a higher low. There may be fluctuations that offer opportunities on smaller time frames (like in ETHUSD), but until the market shows clear signs of resistance being taken out, on the swing trading time frame, this price action doesn't offer attractive reward/risk. In summary, make sure to separate your perspective by time horizon. Big picture and small picture can be very different and present relative opportunities along with their own degree of risks. As a swing trader, my risk parameters are clearly defined and if the market does not align with my requirements, I simply stay flat until it does. This market, the leader of all coins, still has room to test lows and the price structure to support that scenario. Using this information helps shed light on the fluctuations in the alt coins that may look more promising than they really are. If strength intends to come back to this market sooner, it will prove itself through the appropriate price structure and I can adjust from there. Comments and questions welcome.
BITFINEX:BTCUSD
by MarcPMarkets
15