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Abcpattern

TELL THE TRUTH AND MAKE IT SIMPLEHi, i will make it simple in this chart. On the 1-day chart we see BTC bounced from the 61.8 retracement level, witch is an important level, when we are under this level it is a bearish sign! Above this level we could say market is moving to bullish but in fact we didnt do this we will go downer now. IF we hit the 8234 level, witch you can see at the orange line by today we will move downer from there and BTC will form the C of the bigger elliot correction waves, witch will bring us to around 4500 USD/BTC. Please look how this chart plays out ;) Thanks and good luck with your trades.
BITFINEX:BTCUSD
by YinYangCrypto
New ETC Wave StartingETC have been following a perfect Elliott Wave pattern. After the initial five waves ETC had a corrective ABC wave and again with a textbook 50% retraction to 0.0217 BTC. Now on the next wave and using the previous ratios the estimate is that wave 5 will move to 0.026 BTC by Friday close of business. Weekends are notoriously bad in the Crypto trading world so there will highly likely be an ABC correction over the weekend before resuming its upward trend next week. Do your homework and make your own decisions.
Long
by Wetdog544
1
Exide Industries - Long Term View Wave Analysis : Long Term View : Exide Industries : 4th Wave : C Wave Looking at chart looks like price in 4th wave completed b wave and c wave is going on which can be expected till 180-190 area. After completing wave c we can last rise in the price around 324 - 350 max which very extended 5th waves and then sharp decline can been seen in the price in the future wiping out 50% of the price movement. So, if top is 324/300 we can expect decline till 162/150. There is no idea of time line so please ignore timing of the market, just trying to fit wave patterns in the current market movement. Note: No trading recommendation for this analysis, just trying to figure out whats going on :)
NSE:EXIDEIND
by Imprimus
ETHEURHi guys My only concern with ETH at the moment is that the drop in price from the recent highs could count as a 5 wave down. If correct then that could have been the minor count of an A wave, meaning that the B wave is underway which could end soon. If this proves to be correct then the C wave will cause ETH to drop lower than the A wave before ETH actually gets going to the upside again at a later stage. This looks like a classic ZigZag BUT as always this is just my view:) *I used ETHEUR, the same thing is present on the ETHUSD pair. All the best Richard
by CycleForecast
ETH Classic Head and Shoulders? Initial Target = $660 On the hourly chart we can see a classic head and shoulder pattern playing out on ETH. At this time, we are completing the formation of the right shoulder. The neckline is noted with the red horizontal line, and the green horizontal line represents our target for the completion of this head and shoulders pattern. We got this target by measuring the distance between the neckline to the top of the head (orange arrow line) which gave us a measured move. We then copied the orange line and moved it to the breakdown point (neckline) to see the measured move down. Coincidentally, this measured move is also the 161.8 fib retracement of Wave 1, which is normally where the 3rd Wave (in a 5-wave impulse) tends to end, and is another reason I believe this correction is not over. It is likely we are seeing a 5 wave impulse down, which is the A wave of another ABC zigzag lower (Ill go into more detail about this in another idea, but have drawn out the 5 wave impulse here as well for reference).
COINBASE:ETHUSDShort
by CredibleCrypto
Bitcoin correction almost over! Elliot waves don't lieElliott waves do not always do exactly what they do, but patterns and the idea behind them do not change from the system. (www.trendfollowing.com) and I counted the small lines for BTC -4.11% ABC correction and look above, the correction is almost done, if you view it from the Day-Chart. We all know, elliott waves go 1st wave up, 2nd down, third up, fourth down, fifth to the top... ABC Correction follows. A almost as high as 4th waves, B around 3rd wave and C goes down below/around 2nd wave. We are there right now, if you check the big view. If you make the Chart smaller, you have 5 waves in the 1st wave, 3 waves mark the waves down to 2, 5 up to 3, 3 down to the number 4 of the waves and five go up to the high which marks 5...Down the ABC correction is 5 waves to A, 3 up to B, followed by 5 down to C. If you make it smaller, you get 21 subwaves in the 1st wave up, 13 down to 2 etc... ABC correction now: 21 down to A, 13 up to B and 21 down to C... On the chart I marked number 17 out of 21, so soon guys the ABC orrection is over. EMA also moving in and it will make a big bang up. Check out my Year analyzes. I know I do not have a big name on this homepage, but this will happen. Thank me later if you like :)
COINBASE:BTCUSD
by FloTi
1
Verge trade for next impulse(300-400% profit potentiality)According to coinmarketcap data, there are 1476 coins/tokens involve in the crypto market. almost 90% coin/token is fake. they don't have any value or real purpose. only around 150-200 coin/tokens are good for investors. But blockchain is a revolutionary technology. So when you would like to invest money in crypto market definitely you need to do some research. I will post my analysis on which one has value. Verge is one of them. I am looking now next impulsive move.
Long
by No-trading
12
BTC -90% ? MAJOR CORRECTION IS COMING. Hello guys, a lot of analyst (me including) are too often focus on the 1h/4h or at the best 1day chart, which is good for traders but don't really show us where we are going. First of all I would like to call back that correction and especially the biggest are HEALTHY and are a good opportunity to invest or strengthen a position. This chart is really simple, and in fact it's only a possibility, but days after days this possibility looks more and more likely for me. If you dezoom and look at the weekly chart you can see more or less the same pattern of the crash of 2013 end and 2014. For the first time in near 4 years, the chart looks to flirt with bearish woods : RSI (Relative Strength index) is at the border (blue line is our crucial RSI support to hope for a new rise). For the first time since 2014 both MACD lines just touch what is a very bearish signal. And the weekly chart is almost identical at the one of 2013/2014 : bullrun during 2 years with no real correction and then a weekly decline to -90% of the ATH. We actually achieve -50% of the ATH and then maybe only half our actually correction... BUT, because there is a but, IT WOULD NOT BE A CRASH OR THE END OF THE CRYPTO WORLD. After correct during 1 year in 2014 BTC jump from 100$ to 20000$ so we could see the beginning of new parabolic cycle in the comings months/years to 100 000$... As quickly show with my basic Elliot Wave ABC correction, in this scenario my target would be around 2500 and 3000$. Further correction are possible, but i don't expect the price go very more low than 2000 so buy at 2500 and hold some weeks/months looks reasonable, and in the best case you just buy the perfect price :). Goodluck everyone and have a nice day. Feel free to post your minds, agreements and disagreements are always welcome when they are supported by arguments. I'm not a financial advisor, i only do it for my personal entertainment, do your own research.
BITFINEX:BTCUSDShort
by KassandrA_dotcom
1