ELFBTC trade ideas
ELF is a must buy right now ! oversold area on the 1H 4H and on the Daily
Good luck! no luck need so just buy !
We need more luck that btc will be stay stable
$ELF BTC - beautiful falling wedge - 100%++ at 1:26 risk/rewardGood day traders
I hesitated putting this idea up because at the moment, BTC might see support and rebound or it might just slip right through the triangle support and head towards the 4800 range. With that being an unknown, I normally would recommend a trade like this after the signal from BTC but with such a short stop at the moment, It’s a low enough risk trade that I feel confident about sharing
Firstly, let’s look at the daily, we have a first wave that did 320%. Three hundred percent (insert jaw drop emoji here)!!! I don’t know many coin that did that much during their first push after the recovery from CME fall.
Secondly, that push was eventually followed by a second wave correction that should end either today or tomorrow at or near the 100D MA.
Third, back to the main 4H chart, we see that there’s a beautiful falling wedge which should terminate just between the .618 and .65 fib retracement levels. With the 100D MA right at the golden fib zone between .618 and .65, chances are high we'll get a bounce.
With those 3 things in play, if the crypto gods are willing, and if the stars align tonight, AND AND AND IF we see bullish momentum from BTC, we’ll likely see ELF bouncing from this descending wedge support to exit the wedge and make its way towards the first target at 19500, then on to 26000. We should expect more out of this push, but how far will depend on how these first few waves move. We'll re-estimate after we get the 1-2 push. I will likely update this idea or make a new one by then.
The wonderful thing about this trade is the ridiculous short stop. We’ll be stopping at roughly 11750 because if we get to that price, our wedge would likely be invalidated.
Entries: between .00012100 and .00012600
Stop below .00011750
Target: .000255, take half profit at .00019, and spread the rest all the way up to .000255
If you are the better safe than sorry type, wait for a signal from BTC or wait til we break out of the wedge for entry. Your stop and targets would be the same.
Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi-San
*The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
ELF/BTC bottom yet to be reached.I'm bearish on AELF as You can tell from my chart. We ended 1-5 big waves and are currently at the end of 2nd cycle. I believe that we had A and B wave, and are currently in bearish wave C.
How long can it last:
1) ELF has strong support lines from 11.700 to 9.700 satoshi. So i would watch those levels first.
2) We cant forget about major trendline. If previously mentioned levels wont stop the price, the trendline is a target to look up to.
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In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles (latter more often than the former).
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Hunting for elfs - $ELF BTC - 82% gain 1:12 risk/rewardsIf you follow my trades, you should know by now that I love second wave retrace entries and this trade is no exception. We have a first wave that did 320% in 44 days and a second wave retrace of almost .618 of the first.
Currently we have a second wave retrace of a wave that is 2 levels down as we work on the first wave of the third wave.
Entries: .00014500
Stop below .00013500
Target: .00026500, take half profit at .00023, reenter at .0002, take rest of profits above .00024
Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi-San
*The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Nice entry for ELFBTCI think it would be a good seat if you were resisted.
entry : 15800~ 15100 sat
target : 23000 sat ( 41% )
stop : under 14800 sat
$ELF is Becoming an ELF???Not so bullish in long term as it hasn't broken its all time high since its first listing, but we can count is an anomaly which was due to its initial listing.
Pls read commentary on chart
ELFBTCShort term possible downside, deeper correction but I doubt it will happen.
Long term upside
Had this triangular pattern a couple of weeks ago, good breakout.
Now I believe we have finished the correction phase and are heading up.
aelfI will be posting new trades when I hit targets on one of my previous trades and can move to other coins.
This is the last for now, the target for ELF is anywhere between 41494 and 57494
ELFBTC - bullish descending wedgeIt is getting ready to break the descending wedge upwards after 0.786 Fib retracement.
ELF Fractal and maybe another uptrend starting?Maybe ELF will do the same thing it did last time and continue upwards.
ELFBTC must be watched carefully.AELF or ELFBTC is a coin that has recently seen 10%+ gains in the past 24 ours.
Don't get confused AELF is the same as ELF but it is confusing :)
ELFBTC seems to jump off to a rally every time it hits the 50 day MA as we can see it do it twice on the 1 day chart, however this time there are other indicators that do not support a 3rd rally.
The 12 MA is headed down much faster than 26 MA.
MFI shows people are slowly starting to buy more.
Accumulation/Distribution of ELFBTC is headed down. It will match previous rally at 12400 satoshis.
I think the entry for this coin is 12400 satoshis. And we might see some good upside.
Hope this helps, if so please support me: www.patreon.com
Disclaimer:
Any content on blockchain wizard should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. Past results are no indication of future performance. In no event should the content of this correspondence be construed as an express or implied promise or guarantee.
Aelf VS Bitcoin Uptrend AccelerationFollowing the previous idea on Aelf , it has reached and broke above the upside target suggesting the continuation and perhaps acceleration of the uptrend. ELF/BTC has gained 325% since March, while the price moved from 6k satoshis support up to 23.8k satoshis all-time high.
On a corrective wave down price corrected to 14.7k satoshis, that is 50% Fibonacci retracement level that has been rejected cleanly. At the same time ELF is very close to 50 Moving Average which could act as the support as it was on the 25th of April.
While Aelf is trading above 10k satoshis psychological support price is likely to continue moving higher providing a strong growth. Because the nearest resistance, the key resistance, is at 65k satoshis, that is confirmed by two Fibonacci retracement leveles, 727.2% and 361.8%.
Nevertheless the downside risk always remains, but only break and close below 10k satoshis psychological support could invalidate bullish outlook.
ELF - Bullish flagIf we stay above 1500 we might breakout upwards, or if it breaks below we have further re trace.
