Elijah_Trading

Elijah_Trading Updated 

First of all, I abruptly disappeared from social media due to personal reasons, and found enough reason to not return. This post is not my return to the social trading world, as i’m much happier without it. However, even though I keep my eyes open to what others are saying, I felt a very big disconnect in TA and reasoning behind certain scenarios happening from a...

Elijah_Trading Updated 

Fib, Price Action, Order Block.

Elijah_Trading

Crack in correlation between the dollar and the Euro. Expect somewhat of a shakeout and then reversal to the upside for the Euro.

Elijah_Trading Updated 

Keeping the explanation short here... But I want to note that this moment is pretty pivotal and this chart is conditional. After looking at a few things, and spotting the rejection we've already seen, I'm sticking to my original assumption that we won't break above that bottom support (now resistance) line. On any time frame under the Daily, BTC looks very very...

Elijah_Trading Updated 

Simplest chart you'll ever see me publish. Think about the support and resistance levels, where EUR/AUD is in its overall makeup and how market makers are setting up this next play. Very clear distribution here as its coming to an end.

Elijah_Trading Updated 

So If you've been following me for a while you know that I think there's still quite a bit more left in this correction for Bitcoin 0.62% ... With a $3k target, we still havent quite seen a capitulation drop to shake weak hands within the market yet. In terms of the over all correction, it just makes sense for Bitcoin 0.62% to correct for a much longer time to...

Elijah_Trading Updated 

Looks like USDJPY pair could head to a potential distribution phase. Far too early to say, but we'll have to see how this week plays out for USD index. I expect some pull back after the USD chased the interest rate hike. Not much ECO news coming this week for the USD. But it could be a big week for the JPY. So it may be wise to wait until the NCU meeting is over...

Elijah_Trading Updated 

Updated Wave counts narrowed down to the two possibilities that I think are the most likely within the short term. We'll have to see how this plays out within the next month. Updates are coming, of course. Not much to say here... Everything is just playing out as expected from the May top. Can't say much else. We've been in a bear market for the past 6 months and...

Elijah_Trading Updated 

Yeahhh, gonna keep this post short. But that little bounce we had from the support line, looks like its not going to be anything we can rely on. A false hope of a bounce if you'd say. Well... Here are actually my 2 main counts. And if we break $6170 before bouncing to a B wave, then it's going to get very very ugly. I've recommended to take profit at the high 9k...

Elijah_Trading Updated 

As an elliot wave analyst, its important to consider all valid paths that could possibly occur, because its important to know what to do if things don't go in the expected direction. I've been calling down for a while, and still believe that my $3k target area will be hit. My other analysis have even said that we will probably break down below the most recent...

Elijah_Trading Updated 

FIRST OF ALL, I AM NOT LONG NOW. SHORT-TERM I AM BEARISH. Lol... This is a long-term post, but entry now probably isn't what I'd prefer. So all of my posts recently are shorts and are very bearish, mainly because they are short-term. Long term I'm still REALLY bullish on Bitcoin. Its going to sky rocket. But skyrocketing in value is pretty dangerous, so if it...

Elijah_Trading Updated 

Short-term play. It looks to have formed an ABC bear flag. Possible it rises up again to test resistance, but we are coming to a close of the C wave, which was very impulsive, but sentiment is still bearish, and the count seems to validate another move down. Just targeting a swing low at .68254. But you could target the support line at the bottom at .67399. RSI...

Elijah_Trading Updated 

Watching for the approach of this 29 month trend line. ABC correction seems to be complete as we're approaching the completion of the 5-3-5-3-5 leading diagonal into a potential bull run. I'm looking to short at the top of the ascending wedge and we can break the trendline. The slight bearish divergence on RSI gives the hint that it should fall from the top of...

Elijah_Trading Updated 

Just finished a 3rd of a 3rd extended wave. Bullishness is still developing in the indicators. I Will give a close up view for what I expect in the short term. Long-term targets will be the following swing highs in green.

Elijah_Trading Updated 

I will upload a short-term post on the possibilities that we may see very soon. I think we have already seen the start of the downtrend, but its possible that we could still go up to $8.7k Anyways, This is not FUD. This is real. Please, I don't want to hear it. Understand that this is a possibility, not a probability. BUT, I can say, that I have been talking...

Elijah_Trading Updated 

As BTC approaches our target of $7800. Getting longs ready to close shorts and play reversal on this thing. We're targeting $8870 with an aggressive target, with consideration of it stopping at the .328 local fib. Not much explanation here. We all know why this is happening. If you are a new follower, or checking this post out for the first time and want to get...

Elijah_Trading Updated 

The post is neutral because the first part is the set up for a long play. The second setup is for a short play. This is how I think it may look. Targeting the .618 fib level. Wave count is my killer on this one. Looks overall like an ABC flat Indicators and description on whey ETH fell are in the related articles! Good luck on you all's trading guys! Looking for...

Elijah_Trading Updated 

Ummm. I called the top on this thing. At where? $9900? Is that when I recommended to take profit? Serious questions, i don't remember exactly. And then I called this fall? I honestly can't remember if I posted this specific chart on one of my posts or not. But I know i put it on my twitter (@cryptoeball) a day or two ago. This has been the roadmap I've been using...