Get started

Wolfe Wave

Formation of clean bullish Wolfe Waves on BitcoinBullish Wolfe Waves appear on Bitcoin's 1 hour chart. This could be an indicator for short term reversal. Point 5 having a relative increase in trading volume makes me more confident in this setup. I would be using the 1-hour Fair Value Gaps / Imbalances as areas to take some profits with my last target being the local high marked with a green line. Golden pocket doesn't look that significant as it was visited with a reaction prior but we might see another retracement there or from an area close below it if we decided to dive a bit deeper with point 5. Bear in mind that FOMC is really close (pun intended!) and an interest hike might mess things up for those longing. Trade safe.
Long
by xcitedDelirium
2
Banknifty - Cypher PRZ at Wolfewave TargetBanknifty had wolfewave and near to its target , interesting thing is wolfewave target and cypher prz are at same level. Current supply is tested thrice (including current attempt to break) Looks like it will trap bulls by giving breakout ... Upside a significant supply with left shoulder is waiting to pull price down. Previous quasimodo failed to break low hence we can say strong low has formed. and also two flag limits below (one with FTR) shows strong demand and which is hard to break . *Cypher might turn into shark so next potential reversal zone will be at 886
NSE:BANKNIFTYShort
by Indyan
bitcoin is upward for a while but its final target is12500we are now in correction phase and a wolfe wave pattern is seen indicating another bearish move will be initiate sooner or later.we are in wave 4 to complete and then going for wave 5 with its target for 12500 which is 100 percent fib. expansion of distance of wave A to B of wave 4 on the weekly timeframe . we have done this analysis based on wave theory and price action and ichimikou please see my previous analysis as belwo if you have any comments please share regards
BITSTAMP:BTCUSD
by MtICHI
1