Possible ending scenario for the Bitcoin LowsRelative new to the theories of Elliot, however this is a scenario that seems to be playing out.
Hope someone with some more experience could comment on this idea, thanks in advance.
ABC
3006 GOLD do not behave, mayby one more time B to sellHello traders,
Gold is not a good boy, not well behaved.
It is bearish on daily chart but on 4h chart, it looks bad by running up and down EMAS.
Check again B position that could happen round 1820-1830 later in NY session, maybe a good fake signal to sell just like yesterday.
GOOD LUCK !
LESS IS MORE!
USDJPY Trade Idea UpdateUSDJPY Looking good to enter into another position.
We are looking for a pullback and then a higher lower high and
there we will place our sell orders. Notice my hypothesis was not
too far off the money. Not bad! Patience is key.
The idea going forward is this might turn into a weekly hold trade
and with any luck we will get that.
USDJPY Trading IdeaSo if you missed the first entry which is too risky and I understand why you probably shouldn't
and that is fine. Do not chase it down but wait for it and a small ABC (abc if you are an Elliott gal.
Wait for this move in green which should look like an abc and place a sell order in the red circle area.
Of course this is only a hypothesis so we can't be certain when this move (pattern) will happen or
what price range, this is just to help you understand how to cultivate patience, and create a trading
plan and not "chase" the trade. By the way, pretty good analysis huh?
ETC buy zone is hereThis idea is crafted with a bullish mid term mindset, trading spot / 2x leverage with DCA implementation.
I am entirely aware if BTC breaks below 40k, it is likely that alts will be unpredictable. I am not considering this scenario in this idea.
ETC has been consolidating for about 210 days from its 183 ATH in may 2021.
My idea is that these levels marked 1, and 2 on the chart are a good place to accumulate based off BTC showing strength pushing 51k today.
Indicator wise, we have been reaching rock bottom RSI levels and deep momentum waves marked as blue boxes, both today and September 2020 have levels this deep.
You can see this was a relatively safe buy zone as ETC rose 3600% in the coming 200 days.
I have also marked an ABC structure coupled with a FIB from the top of the A wave and bottom of the B wave.
This would give an approximate secure profit level at somewhere around 170-260 USD.
It's entirely possible to retouch level 2 at around $17 if we saw BTC drop to 42k before pushing further upwards.
Irregular flatWe are in this waves elliots ABC irregular flat.
Same on ETH
One push to the down and all in. 22/21/20k
And we'll be rich.
XAU - The GOLDEN Elliott Waves Analysis on GOLDHello traders,
Today we are analyzing the gold, because the Elliott Waves analysis are always sooo clean with XAUUSD (check out my previous juicy gold ideas)
So let me share with you what is offered on this chart:
We have done the dark grey ABC of the B at 123%----> Screenshot 1
And we are now in the grey C of the white C of the yellow (a) . YOU FEEL ME?
After finishing the yellow (a) at the price of 1912----> Screenshot 2 & 3
For the reason of the:
161,8% of the grey C
100% of the white C
Then we are going to go for the yellow (b) -----> Screenshot 4
After that, we go for the yellow (c) in order to reach for the Red B----> Screenshot 5
We can put the Fibonacci Extension tools in any of those different objectives, and the final objective of the yellow (c) is often at the same place (either 100%, 113%, 123%)
Which is a veryyy strong objective that is the gold is HIGHLY going to reach:
It is between the price 1970/1960 , for the 61.8% of retracement of the Red A and a previous support zone, which was created by the old fibs objective (check the my previous chart down below)
1/
2/
3/
4/
5/
6/
7/ This is what i forecast for in the bigger timeframe for GOLD:
Weekly
Monthly
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BTW, I am selling a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way,
Contact me in private, or in comment if you don't have enough reputation point if you are interested
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Don't hesitate to comment and check my other ideas
BTC - lil' E.W. insight on Bitcoin move Hello traders,
Today we are on BTC, with the same plan as 2 days ago, you can go check the other one if you want.
I am showing you today how do I find couple of objectives with the Elliott Waves so you can understand better
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BTW, I made a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way,
Contact me in private, or in comment if you don't have enough reputation point if you are interested
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Don't hesitate to comment and check my other ideas
ETH- Insight on the current Ethereum situationHello traders,
As you can see, today we re on eth, and because it correlate a bit with BTC, you can combine this analysis with my previous one (even though some volatility may differ, with ETH being more volatile)
Anyway, so we can notice a drop, and it might go until 4 different objective :
- 61.8 % at 1762
- 100 % at 1665
- 123% - 127% at 1610/1590, which is a relatively strong one
I will leave your with screenshot of how I made up this analysis with the Fibonacci tools, and go play around with the chart in order to understand how I am reasoning.
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BTW, I made a PDF , regrouping all the knowledge I have found on Elliott Waves , from the greatest analysts books, into a clear, simple and explicative way,
Contact me in private, or in comment if you don't have enough reputation point if you are interested
.
.
Don't hesitate to comment and check my other ideas
ABC High-risk Initial LongABC High-risk Initial Long. TP and SL on the chart. 10-20x leverage. Move SL on TP.
GBPUSD. Possible Short on GBPUSD in coming hourshey, hope you are well
Based on this chart and what we can see, we are probably at the end of wave 1 structure. So, there is a high probability that we encounter a correction.
I believe if the Trigger line breaks, we can go short and reach our TPs.
Cheers.
NZDUSD Is A Sell: ABC LikelyThis suggests that NZDUSD will continue further down. A difficult pattern to trade, ABC patterns tend to fool everyone,
bulls and bears by having two strong moves though choppy in themselves interjected by a counter move in the middle.
ABC are counter trend moves to blow off overbought or oversold conditions before resuming the larger trend, in this
case it is down.
USDJPY: Leader In This Crash Now Possible ToppingThere isn't enough evidence to set up this trade because we can't establish USDJPY is in a downtrend. But my hypothesis is
that since it was the leader in the crash of the general markets then this will likely top first. This suggests that this is possibly
topping here now. Though I'm no longer an Elliottician I use the patterns and so the hypothesis is to look for an ABC
pattern and set an order near the red line with a stop of approx 20 or so pips. So a 1% risk on 20 pips you must calculate your lot size. Again this is a risky trade as there is not enought evidence to have more certainty but hey manage risk and we good.
If this trade goes good then we could infer that the general markets have topped for the present moment.
IHSG WEEKLY ELLIOT WAVE PREDICT IHSG will have an ABC Correction after the 5 impulsive movement done (eliot wave theory). So hold up and keep money FRESH and Buy the stocks (bluechip) when the IHSG doing the ABC correction.
Maybe Arround 6700 we can SLOWLY buy our value stocks. For me the Banking Sector is the best choice like BBRI BBCA BBNI BMRI.
Disclaimer On
Bitcoin - MEGA Falling Wedge + 0.618 FIB Support!- On the weekly chart we can spot a huge falling wedge - bullish reversal pattern!
- If you take a fibonacci retracement from previous low (3000 USD) - we are currently sitting on the 0.618 FIB level!
- I think the drop below 28k was a capitulation event to kick out all stop losses and trigger liquidations.
- ABC correction from all time high is now completed with 0,618 FIB extension on wave C.
Learning the ABCs has never been so painful If this analysis is correct, we are seeing an ABC Zig -Zag down to about 3600-3500's. Also, that would mean the next two weeks will be very intense selling. So far, this bounce today is weak and looks more like a small abc completion than anything else.
ABC, easy as 123 margin calls.
Textbook Impulse Wave, ABC Correction to Follow?Long SOL for the future, but can't deny that it currently looks like a textbook impluse wave with a possible ABC correction incoming. Will be buying in the $30-$40 range.
XMR updateDon't get burned during the next B wave, accumulate - don't necessarily sell here
C waves in monero often are pretty swift, on all time frames
The past always mimics the future - use moving averages
BTC - Will Bitcoin ever find its DIP ??Hello traders,
Eiiishhh, what a crash it was on the worldwide market!!
But don't worry, we will soon see the bounce soon coming back after we finish scaring everyone.
We are entering into the strongest support zone of BTC, which is also the B of my blue ABC, that will be on its 123%/127,2%
My lowest price objective will be 28420 , which is the 161,8% of the green ABC of the blue B
**Make sure to check the entire chart in order to understand the analysis**
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Don't hesitate to put any comment, I will be happy to answer them
AMAZON possible complete ABC correctionIf this level holds, we might see a retracement coming in for Amazon.
There seems to be a possible complete ABC correction here in the charts.
Not financial advice, just entertainment.
ABC Pull Back 6B FuturesABC Pull Back for trade long out of B pivot into the C pivot and then short out of the C pivot for a new Low
EURGBP - Major Reversal Incoming 🚀EURGBP is ranging perfectly between a parallel descending channel. The nice thing about this pattern is that each wave has an ABC corrective pattern which has been highlighted in ABC.
We can see that we're currently on the 5th and final wave, which is the E wave. After this wave, we're expecting a major bullish reversal. In the meantime, we can still trade towards the buy zone by looking for lower timeframe corrections. However, the bigger swing trade is the BUY from the bottom.
Trade Idea:
- Watch for the completion of E wave either at the double bottom or channel support
- once price action appears, enter with stops below price rejection
Targets:
- Channel Resistance (300pips)
- Start of the channel (600pips)
Let us know what you think. As always, trade safe!
