Scaled to 1000 Positive and negative 45º angles laid from the highest high and lowest low of each previous closed Yearly, 6 Month, 3 Month, Monthly, Weekly candles (weekly candle is in blue) Plotting out rough expected trajectories in the pink path lines, that line up with the high time frame angles.
A Fibonacci variant of the Gann Square, squaring it at the 1.618 time cycle; measuring the previous all time high to the recent major low here on the daily chart. 1st target minimum is shown at the first Gann Square level. 2nd target is typically most reliable and would be "equilibrium" coming in on the main fan within the Gann Square. 3rd and final targets...
As always there is a potential for buy-side ideas, but right now with bitcoin i do like the correlation of my weekly-daily waves looking for a correction lower and a key ICT monthly FVG which would be setting it up as an inverse fair value gap, after taking the recent BSL it makes sense to come back into the iFVG, complete corrective waves here and setup another...
I would normally want to see a deeper, full correction come in here (highlighted in yellow pen) but this is technically a completed ABC correction, with this last move down completing clear sub-waves. Being able to have confidence in a larger target is nice and i prefer waves for this, however dropping lower in timeframes/fractals i do prefer other techniques for...
Some major fractal waves completing here if we're to continue short with a valid ABC corrective wave back up here and its sub-waves (WXYXZ). With a few "red folder news events" coming out this week I actually really like this idea or something like it playing out, with some typical sideways/consolidating price action. With a long term bias of lower, these news...
By LTR I mean long term risk and that risk is managed at most (will definitely be less than) at the "wave structure violated" level marked in the idea. What makes this a great trade is because we have completed the sub-waves that would be needed for this to rally long term from here, they are harmonic and all within my trade plan, we have the deep retracement...
I call this "aggressive" because we dont have that typical deeper retracement (ABC corrective wave) here but a flat correction, which i have labelled WXY.
In a perfect world we continue to see a fractal growth of waves here, which could see a deep retracement lower here before any real strength comes in. Keep in mind the waves shown aren't claiming any price or time specifically, but instead require move lower in fractals/timeframes/zooming in to calculate the sub-waves of the move you're expecting at any given...
Showing the most clear completed waves on the highest fractal possible with the data available. This is actually one of my most highly probable formations that is taking place and shown here (ABC with a WXYXZ sub-wave in the C leg). With a bare minimum bullish target, which is entirely about completed waves the levels shown here are laid roughly and with a...
A cleaned up version of this larger ABC corrective wave that could be coming in here. This is one of my favorite patterns (once it completes) and its extremely reliable and consistent in all trending markets as a standard correction before a push into new highs If this idea is true (and we haven't completed the correction already) we would be in the 3rd and...
Great R/R on this entry I like the potential for a typical "flat correction" here on a larger fractal wave, which i have labelled WXY and its subwaves all good enough to expect a completed 5 wave move (impulse) lower here, highlighted by the pink wave count.
This idea is showing a more standard full retracement ABC corrective wave. If you check my other buy ideas for Bitcoin you can see the system I created using EW for its foundation and a fractal growth for counting the waves in a specific manner. The fractal shift completes the bigger waves correction without actually pulling all the way back as you would...
I think this would be the max Bitcoin could drop right now without essentially becoming worthless or non-existent. We should be long here, the question is when and how...this would be the most extended targets for a fairly textbook EW ABC correction, clear into the 1.618 extension
Showing what should be a clear 5 wave move coming in to the downside here. (pink pen) The yellow pen is what would be expected if we get a slightly higher retracement or if the market is going up now long term. I think we can all agree Its good to manage risk properly and have clear ideas on both sides of the market you're trading (buy and sell) and not have a...
In a perfect world we make our way higher here to complete a larger correction, before running lower for quite some time/price
In my opinion the sell opportunity has passed and we could be putting in a correction (shown here) or you can reference the bitcoin buy ideas for current bullish targets
Not saying this exact thing will happen here and now. I'm showing a display of fractal growth in waves, within Elliot Waves rules. This particular example im showing doesnt have any larger fractal waves to count from or anything, but i have started here because of a potential larger wave completing...and IF thats true, then we should expand with fractal waves...
This would be the major wave im focused on for the EURUSD and a breakdown of its sub-waves...this pattern in particular is very common in a lot of markets for typical ABC corrections on all time frames. This case a monthly chart set for a final push lower.