Elliot wave with Diagonal Ending Elliott Wave Count in Bitcoin Daily Chart
In most cases, if wave 5 is formed as a diagonal triangle, it will cause severe falls after the end of the process.
So after recognizing these diagonal triangles in wave 5 - you can close your long trades at the right point and make good profits from short trading in corrections waves.
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BTC notes for aug monthly closetitle as is working.
going to be transitioning to 1hr, 1day trades myself. busy time of year it would seem. still mindful of the ongoing monthly closees etc.
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TOKO TRADES #2 | TLOS TRADE (6/09/21) - #TLOSUSDT 4HR Chart Current price prediction for TLOS using the Elliot wave theory with the Fibonacci Retracements! This is only a hypothetical situation but im aiming to take profits aroud $1.50-60 range which is average a 180% Gain! Current entry price was 0.57c.
EXPECTING REVRSAL IN BTC/USDBTC near PRZ. Further Wolf Wave is there in daily time frame. kindly go through the chart. any querry, kindly comment.
BTC The Wave Principle | Diagonals + BreakoutsEasy setup for a quick trade, it's an ending diagonal + abc below the structure.
You get the Fibonacci retracement tool there and go for 618 retracement as entrance, and -0.272 | -0.618 profit levels.
Just try this in the past and see it for yourself: how many times does this combination of behavior has happened before?
Hello, I'm Lito.
I've been studying the wave principle for a while now, and I have found that price movement shows us the market behavior.
...what is this? people call it elliott theory, but it's a principle. that word means description of the behavior,
but to be more precise: human behavior.
Our emotions into charts, movements in dynamics ups and downs, in an oscillator=diagonalish increasing financial market.
impulses + corrections, on the move every single day.
Some are slow, some are fast. there are days and moments of fast movements, and then indecision and slower movements show up.
There are ways we can study this behavior and it's called The Wave Principle, the book Elliott Wave wrote about.
If you want to learn more about it, read this chart. There's a link there.
See ya.
ps. you can study the chart by following figures. If you don't recognize any of them, maybe you should watch my videos. Follow the link in the chart.
BTC The Wave Principle | Are we here?As I've been studying the wave principle, I have found that price movement shows us the market behavior.
...what is this? people call it elliott theory, but it's a principle. that word means description of the behavior,
but to be more precise: human behavior.
Our emotions into charts, movements in dynamics ups and downs, in an oscillator=diagonalish increasing financial market.
impulses + corrections, on the move every single day.
Some are slow, some are fast. there are days and moments of fast movements, and then indecision and slower movements show up.
There are ways we can study this behavior and it's called The Wave Principle, the book Elliott Wave wrote about.
If you want to learn more about it, read this chart. There's a link there.
See ya.
ps. you can study the chart by following figures. If you don't recognize any of them, maybe you should watch my videos. Follow the link in the chart.
Market Structure Alignment EURUSD --- Elliot WaveMarket Structure Alignment
EURUSD
M = bg
W = bg
D = brg
H4 = brg
H1 = brg
M15 = br
M5 = br
M1 = br
CODES:
b = Bullish
bg = Bullish Range
br = Bearish
brg = Bearish Range
Bimb = Buyers IMBalance
Simb = Sellers IMBalance
H = High
HH = HigherHIGH
HL = HigherLOW
L = Lower
LL = LowerLOW
LH = LowerHIGH
Black = Monthly
Red = Weekly
Green = Daily
Yellow = H4
SkyBlue = H1
NavyBlue = M15
Pink = M5
Purple = M1
Orange = Alerts
Elliott Waves & The New Post Corona Reality.The start of the Covid-19 pandemic kicked of a volatile time in the stock market with a 34% market decline in 24 days. This marked a clear new leg in the market and allowed one to start an Elliott Wave mapping.
In this chart, I begin with the classic A-B-C correction wave as the market declines and follow it up with the 1-2-3-4-5 impulse wave of the new Bull market that emerged from the ashes of the crash.
The market then experienced another corrective A-B-C wave from September to November 2020. Still, it emerged again with the promise of massive government stimulus into a new 1-2-3-4-5 impulse wave supporting the major Bull market move.
In the chart above, you can see that it really helps with plotting Elliott waves to use supporting indicators; I have used Cumulative Money Flow and Relative Strength Index to confirm the moves.
In technical analysis, it is always a good practice to use a price-based indicator (RSI) with a price/volume indicator (OBV or CMF) to give you two different perspectives on the same chart.
By mapping a 9-day moving average (MA) on the RSI and CMF indicators we can see that when the indicators cross down or up through the MA we have a strong confirmation. This helps with recognizing a new wave pattern sooner, rather than retrospectively.
What's Next
I expect in the next few weeks we will see a corrective wave emerge, which will be signaled by a MA crossover of RSI & CMF. But until stocks have any competition from Bonds/Treasuries, the market will continue to move up. The only caveat is a macroeconomic disaster, for example, the pending crypto market collapses, which will send shock waves through the financial markets, but again, stocks will eventually emerge victoriously.