Get started

Pricetarget

Bitcoin (BTC) Elliott Wave - Primary ImpluseMacro level Elliott Impulse Wave for BTCUSD. Following the traditional approach, Wave 1 starts Oct 21 when we have a big daily reaction to kick off the parabolic trend. This aligns directly to Wave 3 being the 161.8 to validate first part of the impulse move that started the trend. The retracement of wave 4 is the defined 38.2 length of Wave 3 . The final Impulse Wave 5 is set to 100 percent log of wave 1 or is the 1 fib from Wave 4 retracement. Temporal Timing: I took the angle of wave 1 (~46 degrees) and wave 3 (63 degrees) and came up with a Target date between March 19th and April 1, ironically labeled April Fools. For confluence of the time, the trend based fib tool was used from Waves 2-3-4. Wave Theory: Ralph Nelson Elliott is the father of the Wave Theory, which is commonly called and more accurately described as the Elliott Wave Principle. Born on July 28, 1871 in Marysville, Kansas, Elliott reached his ultimate achievement late in life by a circuitous route. Guidelines: • Impulse wave subdivide into 5 waves. The impulse move is subdivided as 1, 2, 3, 4, 5in minor degree • Wave 1, 3, and 5 subdivision are impulse. • Wave 2 can’t retrace more than the beginning of wave 1 • Wave 3 can not be the shortest wave of the three impulse waves, namely wave 1, 3, and 5 • Wave 4 does not overlap with the price territory of wave 1 • Wave 5 needs to end with momentum divergence Fibonacci Ratio Relationship • Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1 • Wave 3 is 161.8%, 200%.. of wave 1-2 • Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50% • There are three different ways to measure wave 5. First, wave 5 is inverse 123.6 – 161.8% retracement of wave 4. Second, wave 5 is equal to wave 1. Third, wave 5 is 61.8% of wave 1-3 COINBASE:BTCUSD
COINBASE:BTCUSDLong
by daptrades
9
AMD has underperformed peers but not for much longerAMD seems to be the contrarian play in the semiconductor field right now so I'm going to go ahead and suggest starting a position at these levels around $90 a share. It has been outperformed by its peers to a great degree recently for no apparent reason. I assume profit-taking attributed to taking it down from nearly $100 a share. Buy under $93. Sell half at $110. It will retest the $100 level, breakthrough, and hit resistance at about the $110 level from profit takers. Slight chance it has more legs than that but I'd say $110 is a fair price target for this stock. The SMH is up 11% in the last month and a half and AMD is down nearly a percent. Easy 10% return on this trade if not 20% if it hits my estimated price target.
NASDAQ:AMDLong
by EBITDAtiger
6
PEN $297 Target (30%+ Gain Opportunity)PEN is on an upward trend as seen with the three sets of Higher Highs and Higher Lows. We are in the midst of the 3rd "Higher Low" right now. It will likely fall somewhere around here, so right now is the perfect entry point. I set a Stop Loss around $183.55 because this is the low point of the previous "Higher Low." If the price falls below this point, the upward trend will end and the pattern invalidated. When we begin progressing towards the target, I will move my Stop Loss to be breakeven. I've used the previous bull runs as a measure for predicting this next one. They estimate the target to be around $310-$320 before there is a new "Higher Low." To be safe, I've placed my target at $297 (before the psychological resistance of $300). I am unsure whether I will take some profits at $297 (and leave most of it in) or if I will take it all out. Theoretically, a surge past $300 could create an opportunity for an even bigger bull run, but if it rejects off of $300, it could potentially end the upward trend.
NYSE:PENLong
by trufeats
2