Get started

Wavetheory

Ripple (XRP/USD) - Bullish Sequence - Elliott Wave Count Ripple (XRP/USD) is presenting a possible Bullish Sequence as per the current Wave Count. Corrective Structure reflects a Complex Double Three, with a last piece remaining to unfold. However, according to other structures this sequence can take, Ripple (XRP/USD) could be a good BUY at these times. Those who are holding could see $5.75 in 2018 or even more. While some are expecting $20, I would be OK with $5.75, let it go there and we'll see later. From $0.938 we could easily see a $1.65 / $1.80 and a reaction would be analyzed at these levels as the last fall could not come anymore and Ripple (XRP/USD) could punch through the ceiling. Verdict: Bullish
BITFINEX:XRPUSDLong
by Lionheart-EWA
4
GBP/USD - 2018 Outlook - 2500 pips Trade - BUY & SELL Levels"GBP/USD – Break-out – Last Bullish Impulse – End of Cycle" article represents a last possible Bullish Outcome for GBP/USD in 2018, as multiple facts point out towards an unstable Pound. GBP/USD is overall trading within a Corrective Structure, more exactly in a Triple Three, with the last Bullish Swing awaiting to unfold, thus completing the entire Correction and the larger degree Cycle. *Private details and Support available only for Members.
by Lionheart-EWA
12
Moar Divergence Please!So the dream scenario for salt did not occur, however there are still some very positive signs. $SALT/BTC has entered my accumulation zone while managing to rack up alot of bullish divergence ... and I mean A LOT. Some people are not so fond of divergences since they can be misleading and often trigger late or far too early. In this case however, the divergence stands out quite drastically and so im inclined to believe there may be other factors at play, for instance having the price kept low to allow for extensive accumulation throughout the period of the next few weeks/months. I would not be looking to margin trade SALT (if thats even possible) on a 15 minute timeframe but instead to make a longer term investment. At this point it is beginning to become extremely undervalued, and can provide substantial upside given a longer term hold.
SLong
by grimoracle
DXY- break the box trade D/240/60 -- Daily downtrend - however in territory that correction is likely (see D chart - ellipse) - however we always know the trend can always make another low before the correction. 4h/1h uptrend is meeting the TL and we have a nice consolidation with a lower high in play.. So looks like decision time! -- Break the box below and round number of 90 - looks like sell back to TL below or new low is a good idea. Break the box and TL above and the daily correction to upside for DXY is likely in play.. This chart will impact all the majors.. Happy Trading!
TVC:DXY
by docholliday
2
SALT of The Earth SALT is a project I have been excited to cover. Although I won't dip into much more than the technical aspect, SALT certainly has an interesting group behind it coupled with huge potential for growth if traditional markets begin to shift toward using blockchain technology, alongside the expansion of the crypto market as a whole. If you want to find out more about the project itself, I suggest reading their whitepaper which can be found here: here . Moving on to the technical aspect: As far as wave count, it seems quite straight-forward. The price action appears to be following a key Elliott Wave tenet: the 4th waves are not dipping past the top of the 1 waves and in fact seem to be finding strong support, enforcing the notion that it is exhibiting EW behaviour. One aspect that I'd like to point out is what appears to be a nice repeat fractal of the downtrending ABC wave. Denoted by the areas contained within the vertical dotted lines, we can see nearly identical moves. The first fractal is several orders of magnitude smaller than the second because it is in a lower cycle, contained within the larger 1-2-3-4-5. I have also pointed out what appears to be an expanding flat correction. These can be tricky to play due to the higher high made, and can fool some traders. For a clearer visual on what the 'textbook expanding flat' looks like, go here: ewmizone-kivv0apgntrwrwvhv.netdna-ssl.com The RSI also gives us some nice confirmation: The peak RSI generally occurs during the 3rd wave on larger timeframes. On lower time frames, the RSI throughout the 5th wave makes a new high confirming the idea that the move is the 5th wave, and on the higher timeframes it confirms truncation. The RSI experienced a hard bounce, creating a nice double bottom at all time low. The present RSI movement, highlighted in pink, indicates bullish hidden divergence. Overall, I believe SALT will be a good altcoin to watch over the next few weeks/months. Remember to DYOR, and good luck trading!
SLong
by grimoracle
GBP/CHF sellOk.... If Gchf is making a running flat, it will not come up to hit the cypher pattern to double top, which I wouldn't expect wave wise. It is in a strong downtrend. It can come up more, not saying it can't, but it cleared out that news move real fast and looks to have made a flag... My point is, if it did do a running flat, I would expect the next wave to come down to low (grey line)consolidate a wave 4, then continue downtrend. There are different ways to do it. Swinging for the fences isn't always the best way. You could set a sell stop under. I should have nailed entry at top london close but was looking at something else.
Short
by thillygoosth
State of Coin 1: Minor Crash or Major Dip?Since Dec 2017, Bitcoin and cryptocurrencies in general have been hit hard with bad news time and time again, fuelling a historical selloff from the previous high of $20k. Firstly, I would like to address some major issues: 1. Korea FUD and Bitcoin Exchange Bans in Asia Time and time again we have heard rumblings and rumours of Bitcoin bans in China, Korea and even some rumours that Japan is seeking to work in conjunction with the aforementioned nations to draft a regulatory bill in regards to cryptocurrency. This time around, South Korean officials leaked news of a planned ban on exchanges. Despite the lack of evidence to support the claims, global Bitcoin markets entered a frenzy as Korean volume spiked and overall fear once again consumed the market. The Silver Lining of this story is that once Bitcoin halved in price following the news, Korean regulators released an official statement claiming that it is "nearly impossible" to ban cryptocurrency exchanges and that the rumour was propagated by certain key individuals in an effort to manipulate the markets. As a result the ministers in question are now under investigation for insider trading. Lesson 1: Bitcoin has been "banned" dozens of times in Asian countries. This is generally FUD used for manipulation of sentiment. Lesson 2: Cryptocurrency exchanges are nearly impossible to ban. This is not just true for South Korea but MOST modern 1st world nations. As long as the exchange is not partaking in illegal activity and is operating legitimately under KYC & AML, they are safe. While this is difficult to prove, I think most of the community has an idea of which exchanges are not taking part in the proper procedures. 2. Collapse of Bitconnect ($BCC) With the collapse of the largest Ponzi Scheme in crypto it's hard not to imagine fear running rampant in the hearts of new comers. I mean after all BIT-coin, BIT-connect ... certainly some similarities there right? $BTC's second and largest leg down was correlated with Bitconnect officially announcing the termination of their lending platform. With the collapse of the first large "lending platform ponzi" in crypto, we are seeing tighter government scrutiny on other similar projects such as Davor Coin ($DAV). Although I don't believe that the collapse of $BCC negatively impacts $BTC in any other way than a sell off, it has left a bad taste in the mouth of millions and has potentially scared away millions more. Lesson : Don't be f***ing stupid. - No one can offer fixed return of 1% a day - Just do the math... you would be a trillionaire within a year at those rates 3. Tether/Bitfinex Issue I think by now most people know about the suspected Tether issue so I won't bore you with the details. When news came of the CFTC's subpoena to Tether, yet again the market reacted by dumping and maintaining the extreme bearish sentiment. Although this is a serious concern, I believe it has been mostly priced in at this point. What is more concerning to me is that IF the critics of Tether were accurate in their accusation of market manipulation, a large portion of the bullish driving forced behind $BTC may be wiped out. Technical Analysis - Contracting wedge shape indicates momentum compression in the downward trend. This is often noted at the end of an Elliott Wave as an indication of pending reversal - Strong stoch RSI support on the Daily/Weekly timeframes - MACD divergence - Bottom of 240 day MA (adjusted for crypto to 243.33). This is a significant level since the last correction to fall this deep was post first bull run out of the major Mt. Gox correction. Long : $6000-$7000 range Target 1: $10,000 Target 2: $12,500 Target 3: $18,000 SL: $4800 Closing Ideas: There is alot of uncertainty at this time, no one truly knows what is going to happen. Scalping shorts may earn you quick profit, however for longer term traders with higher risk tolerance, these levels appear ripe for accumulation.
COINBASE:BTCUSDLong
by grimoracle