ABC
EURUSD 1HR Simple A-B-C move before next move up??...Looking for price to move aggressively higher. NOTE: If it doesn't, and just moves correctively higher, then will be expecting move lower instead and as a result not holding onto any longs.
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After an ABC correction, the S1 support was able to handle the fall. It seems that we are already starting a reversal.
ETH Still BullishEthereum is still showing bullish potential and we can see Wave 2 ending with the ABC correction.
C correction Wave was really brutal but gives new buy opportunities; it's a waiting game now.
Constantinople fork can give a new bullish breakout however I'm not so keen on trading the news.
These trades will be for the long term, I'll close some positions around Wave 3 but the majority will be at Wave 5 targetting $500 price area.
Looking to Take Profits on BTCI believe we have just completed the 3rd of a 3rd of a C wave on Bitcoin. It is looking like a typical zig-zag correction before a further 5th wave downward in late January/early Febuary. I do not believe this C wave will reach the expected 1:1 extension of the first bounce so I will be taking profits at the .618 and the .786, which happen to be very close to the 1.618 of the respective one waves on the minute and minor scale. A Move Below 3900 invalidates my count and I will be out of the market. I should also mention the 3rd of the 3rd wave may not yet be complete. Bitfinex did not reach higher highs with the push up on January 8th
Long Position For Bitcoin (BTC)Hello everyone, this is my long scenario for btc after the first wave hit the .618 region and completing an ABC correction pattern.
We have very heavy support at the .618 region and if we do break that level this scenario will no longer be valid
If however, we do break the previous high made this month we will likley hit a strong target of 5200ish at around the 1.618 extension level. This is a very good trade in terms of risk-reward.with an almost 4-1 RR setup.
P.S After hitiing the 5200 Range there is two more places we could go Either in a accumulation phase or we could possibly go down to 2,000. I will post more about it when we reach my targets or if we break below 3450.
a week upwards , A day downwards ... abc/cashbuy zone and resistance are marked on chart.
it seems to test 147 or lower ground before going high again..
BCHSVUSDT BULLISH ABC, WAVE C TO COMPLETE IHS?
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INVERTED CHART FOR CHANGE IN PERSPECTIVE WHEN CHARTING/ANALYSIS
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FRACTAL ZOOM IN OF THE "A" LEG OF THE ABC OCCURRING IN NOVEMBER 23-26.
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CHART MICRO-WAVES COUNT ZOOM IN DETAIL.
WE STILL NEED THE RIGHT SHOULDER TO COMPLETE BY REACHING THE ~$134.00 NECKLINE
-EXPECT SOME SERIOUS RESISTANCE THERE FOLLOWED BY PROFIT TAKING CONSOLIDATION
-WE NEED SOME SERIOUS FOMO TO TAKE PLACE FOR THIS TO PLAY OUT, AKA - BTC NEEDS TO PLAY NICE.
HERE'S THE BTC VS BCHSV CHART TARGET IF THIS WERE TO FOLLOW.
BOTH LOOK VERY BULLISH - WITH THE BTC CHART INDICATING A CLEAR DOUBLE CUP AND HANDLE FORMATION
BCH (ABC) continuation patternBAB or BCHABC is in a very bullish trend . It is now forming an HVF (triangle), and is consolidating inside the funnel ( parallel channel ), after a what seems to be a fake-out.
The pattern is suggesting that sellers have not taken control yet, although the fake-out is something to keep in mind. the chance to go up is probably 50%, but the risk reward is great. Stop is the most recent low made (190). Best is to buy as close to the low as possible, or when volume confirms a 2nd try for a breakout.
Bullish BITCOIN Is Aiming for 5,200 USD - Bears Are On Holiday!Dear Friends!
1-5 Elliott Waves Up after we got my reversal at exactly 3,224 USD (on the point - kinda lucky ) - We have Regular Bearish Divergence, which confirms a retracement. Expect something like what I have illustrated for you. Just be aware of, that we don't yet have any confirmation on what corrective structure we will get - it could be ABC ZIG-ZAG, ABC Flat, ABCDE Triangle or a combination.
We have a lot of support at 61,8 % retrace. But it's more likely we will restart our new Elliott Wave Cycle already at 50 % retrace.
Hereafter we will aim for the end of the B Wave at 5,200 USD - we have very hard resistance at 4,200 USD though.
Let's see!
D4 <3
ABC Approaching Support, Potential Bounce!ABC is approaching support at 78.41 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 86.84 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching support at 3.09% where a corresponding bounce could occur.