BTCUSDCOINBASE:BTCUSD
After a 12345 correction is time to wait for bitcoin to choose a direction.
This will be indicated by a "Motive Wave"
Motive Waves
In Elliott Wave Theory, the traditional definition of motive wave is a 5 wave move in the same direction as the trend of one larger degree. There are three different variations of a 5 wave move which is considered a motive wave: Impulse wave, Impulse with extension, and diagonal.
EWF prefers to define motive wave in a different way. We agree that motive waves move in the same direction as the trend and we also agree that 5 waves move is a motive wave. However, we think that motive waves do not have to be in 5 waves. In today’s market, motive waves can unfold in 3 waves. For this reason, we prefer to call it motive sequence instead.
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USD/CAD LongThis is a short term 4H long trade as we expect dollar to appreciate in value as the FOMC is expected to hike rates with 200 points by the end of the year. The market have priced more for the BOC, more than they can deliver so we expect depreciation for the CAD. this policy divergence is the reason why we are looking at the market to complete y of the wxy correction
AUDUSD Trend Analysis And signalBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
GBPCAD Analysis and signalBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
CADJPY Wave And Trend Analysis and SignalBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
In the financial markets, in the technical analysis of Elliott wave theory and its different styles, it is like the letters of the alphabet to read the price movement on the chart and it helps us a lot to diagnose and predict the future price.
Fibonacci One of the good friends is a bargain and shows us good and useful support and resistance, especially if the combination of all types of Fibonacci expansion and retracement and the formation of a Fibonacci and PRZ range show us useful and interesting return ranges. Where there is potential for price diversion
Trend lines can be a great help to a trader who finds areas with potential for return or indeed resistance and support on the chart. By drawing the rand lines correctly, you will see that the price responds to these areas with surprise.
In general priceaction what dynamic trend lines are statically useful
BNBUSD WAVE And Pattern Analysis The correctional structure, especially the three waves, whether in descending or ascending and pulse correction, indicates the formation of a diametric pattern.
This post is just a personal idea and analysis should not be the criterion for buying or selling
The last specified pattern is currently in a flat pattern. The structure is in high time and the whole chart is in the form of a diametric pattern. You can see the ascent from this area, but lower levels can be achieved
SLPUSD WAVE AND PATTERN ANALYSISWhat is a NEoWave Diametric Formation?
ANSWER:
I discovered this wave pattern around 1992 - two years after Mastering Elliott Wave was published. As a result, it is not mentioned in the book.
A NEoWave Diametric is a 7-legged formation (Triangles are 5 legs, Flats and Zigzags are 3) that does NOT involve an x-wave. As a result, instead of a-b-c - X - a-b-c, I had to continue with the alphabet, labeling it a-b-c-d-e-f-g. The distinguishing factor of a Diametric is the similarity of each wave segment in time and complexity to the other six. In Flats and Zigzags, time and complexity differences are extreme between waves-a, b and c. In Triangles less so, in Diametrics time similarity (not time differences) is the norm.
Diametrics occur in two main categories. One in which a period of expansion is evident during waves-a, b, c and d, followed by a period of contraction for waves-e, f and g. The other is the reverse; contraction occurs first during the first four wave segments, followed by expansion for the remaining three. This creates the look of a bowtie for the first series and a diamond shape for the second.
In the financial markets, in the technical analysis of Elliott wave theory and its different styles, it is like the letters of the alphabet to read the price movement on the chart and it helps us a lot to diagnose and predict the future price.
Many technical analysts are trying to capitalize on Elliott's wave theory in the stock market. This hypothesis states that stock price movements can be predicted; Because the ups and downs of the waves are repetitive.
Elliott Wave Grading
Elliott waves are calibrated with time frames.
Grand Super cycle
Super cycle
Cycle
Primary
Intermediate
Minor
Minute
Minuette
Subminuete
Elliott Wave Theory was developed by Ralph Nelson Elliott to describe price movements in financial markets. Waves can appear in customer behavior and stock price movements. Investors are trying to make a profit from the rising tide.
The theory of Elliott waves was developed by a man named Ralph Nelson Elliott in the 1930s. Until then, the stock market was thought to behave incomprehensibly and accidentally. But Elliott believed that the market actually followed repetitive patterns because people's emotions were repetitive. For example, in the face of fear of loss, all people are salespeople.
This emotional factor shapes behavior in financial markets that is the same throughout history and in all human beings. The effect of these emotions on price charts is also evident. So it can identify these patterns and use this knowledge to analyze the market.
Elliott's wave theory is actually used to describe price movements in financial markets. Investors are kind of riding a wave to profit from market trends. So in the financial markets, every move, regardless of its direction (rise or fall), forms a wave of movement.
Elliott began researching market analysis at age 75, when he retired from illness. He continued his research on the annual, monthly, weekly, and daily index charts and hourly charts he had created. Elliott then described the specific rules governing how to identify, predict, and invest in his own patterns, and named it Elliott Waves. The results of this extensive research in a collection called "R.N. Elliott’s Masterworks ”and was published in 1944 and gained a lot of fans. Elliott Wave International is one of the largest companies in the field of financial market analysis in the world, which is analyzed in the style of Elliott Waves.
Fibonacci One of the good friends is a bargain and shows us good and useful support and resistance, especially if the combination of all types of Fibonacci expansion and retracement and the formation of a Fibonacci and PRZ range show us useful and interesting return ranges. Where there is potential for price diversion
Trend lines can be a great help to a trader who finds areas with potential for return or indeed resistance and support on the chart. By drawing the rand lines correctly, you will see that the price responds to these areas with surprise.
In general priceaction what dynamic trend lines are statically useful
Price Action is one of the attractive trading methods in financial markets such as foreign exchange market, digital currencies, international stock exchange, Iran stock exchange and so on. In this method, the main focus is on the asset price range and its changes, and there is no mention of the various tools we see in technical analysis. By observing the trend of price changes, one can get a relative understanding of the behavior of other traders and market players and consequently the possible trend of price movements in the future.
Price action, like all trading methods, requires training and learning the basics. The purpose of these preparations is to identify the main market trends, price patterns, identify the strength of the trend, identify price candles and .... Join us to learn more about this style of trading and the patterns and methods of trading in Price Action.
At the same time, Price Action offers us various trading strategies, and all of them work only by examining the behavior of the price chart. These strategies are called "Trading Setups" and Pin Bar Setup, Fakey Setup and Inside Bar Setup are a few examples. In the following, to explain more about the price chart space, we will explain these 3 more.
NVIDIA WAVE AND PATTERN ANALYSIS The correctional structure, especially the three waves, whether in descending or ascending and pulse correction, indicates the formation of a diametric pattern. For the formation of wave b, which is another sign of diametric wave formation in wave a and g, in 1999 and 2019, respectively, we see diametric waves in their microwaves.
In the case of the formation of this structure, we will see a deep decline in many companies listed on the US stock exchange, which will last for several years and we are at the beginning of a possible major recession.
This post is just a personal idea and analysis should not be the criterion for buying or selling
Bitcoin: Supercycle Crap Shoot #2Follow-up chart to my previous post. Seems as if I was correct about the bottom, so if it holds here and breaks above the 53k range, I can easily see it hitting roughly 70k. Granted, other factors including the projected interest rate hikes could alter this forecast.
SAND - Can still see 2$This is the local count that I get when looking at the previous 4 wave count which is a possible A wave down, as a full macro retracement. The red wave count shows possible target points when following the down trend, basing off the macro model I am following shown below
The green wave count is going off if instead what I am calling a wave 5 is actually truncated and completed, or is an initial impulse wave following an ABC correction (what I have labeled as 1, 2, 3)
However I have been opening only shorts as my perspective of the market is still bearish.
BTC Update - Wave 5? 🤔Update on my previous BTC Descending Triangle idea, price broke above the proposed entry level and ran up as expected. Price currently trades nearly 5.5% above that entry level, down from the high noted as Wave 3 on this chart, more than 7% above the entry.
If looking at Elliot Waves, Wave 3 high met almost perfectly previous pivot high from December 7th. Price retraced perfectly back to the 0.382 Fib level on Wave 4 before beginning the 5th Elliot Wave up.
It looks highly likely that we're going to enter back into the Supply Zone, and we have a nice big round number of 52k sat at the top of this Supply Zone, with the previous 2 highs falling just short of breaking this number.
If we manage to break the 52k mark it could be smooth sailing up to the next key level to complete the 5th Wave.
Alternatively, a rejection from the Supply Zone could see us headed back down in the region of that 0.382 Fib level that coincides with recent resistance.
Overall bias remains long, keeping a close eye on price action around the Supply Zone with the potential to run up if we break 52k.
Comment your thoughts or questions below! ✔
This is not financial advice. Do your own research and be treat your capital responsibly.
GBP/NZD ShortWe expect this to be the trade of the week as well as NZD/CAD. Our fundamental bias on this pair is tilted to the upside. we expect NZD strength due to the interest rate hike circle they are on. Market is expecting the RBNZ to raise rates tomorrow and our bias is negative for GBP since we expect the BOE to disappoint the market and leave rates unchanged.
NZD/CHF long positionThe RBNZ on their last meeting started the tapering program so that a bullish move for the NZD hence after tapering its rates hike. on the bigger structure the market is completing a WXY patterns that's in the same direction as the fundamental outlook. Note any correction will offer short term buys and any positive developments in the economic data should fuel the support for the NZD and put pressure on CHF