surangadesilva

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**Info about Correction wave pattern in Bitcoin Bear Markets: -You can see all Bitcoin cycles are Triple Zigzag Correction WXYXZ when you do Elliott Waves Analysis. -Reason why we call this triple zigzag is because we got 3 zigzag waves (W) (X) (Y) inside each wave ((W)) ((Y)) & ((Z)) and correction wave ((X)) in between them -See more info about Triple Zigzag...

surangadesilva

As you know Wave (v) is the last wave of this downtrend. Here are some facts that you need to know before you can trade in this wave and after 1. Wave (v) got 5 subwaves inside which is i ii iii iv v 2. Wave (v) is usually 0.618 - 1 of Wave (i) 3. If Wave (iii) is extended or longer than 1.618 of wave (i) then there is a high chance that wave (v) is...

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I have analysed 6 Bitcoin Cycles Since 2013 and found some interesting facts which relates to the current situation and the future. 1. We had 3 Triangle Correction Patterns and 3 Zigzag Correction Patterns. Triangle pattern or ABCDE correction completes near to the Support line drawn from the start of the Cycle. Same happens with the Zigzag correction pattern 2....

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I can see many people still believe that we are going inside a descending triangle. I also believed this in my idea that i shard on may 1st: Things can change so quickly and if we didn't adapt to the changes then someone will. That's why i believe that we have to be in fast adapt mode in this market. Doesn't mean that you need to change without checking...

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As we already know that we have 3 major dimensions in bitcoin market which is 1. Technical Analysis 2. Fundamental Analysis 3. Manipulation For Technical Analysis I use Elliott Waves (EW) with other Indicators to double confirm the trend Fractals Candlestick Patterns Moving Average Volume Profile & Bars Rsi & Stochastic Support & Resistance So apart from the...

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As an IT Engineer with nearly 18yrs of Experience I would always like to see the big picture before I start doing anything not just IT. Also I believe that it's best to look for more than 1 possible scenario for anything that you do so that you have a less chance of miss something. As you know no one could ever tell you the 100% correct path of the bitcoin all...

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Everyone is Super Excited with the up coming Consensus on May 14 - 16th and waiting for the Bulls to Arrive soon We are still in the Last Wave ((v)) of the Wave A Correction ready to go to Wave B. In that last Wave ((v)) we have 5 subwaves ( Wave (i) - (v) ) and I have done Wave (ii), (iii), (v) Projections according to EW Fibo levels. According to all that...

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Currently we are almost halfway through the Intermediate Wave (E) which will take a couple of days or weeks to complete this wave. If we zoom-in we are on Wave (v) of Wave ((iii)) of Wave A of Wave (E). Wave (E) also could be the last Intermediate Wave of this Bitcoin Market cycle before we start a new cycle in 2018. Here are my projections for the Wave (E)...

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This is based on the Bitcoin Market Cycle 2017 - 2018. Please note that this for Uptrend Market and it's totally Opposite for Downtrend Market if you are able to Short. Also note that you can apply the same for any Market not just for Bitcoin. - In a Uptrend We have 5 Waves followed by 3 Corrective Waves - In that 5 Waves 1,3 & 5 are Impulsive Waves Going up...

surangadesilva

Since CME futures which started in December 2017 Bitcoin prices stayed under 10 - 10.5k. See the Bitcoin Calendar here: cryptocalendar.pro We had something similar happened with Gold, Silver price since the "FUTURES" started in Mid 2011. See gold chart after when futures start in Mid 2011 See Silver chart after when futures start in Mid 2011 So what we...

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I'm using Elliott Waves Principle with Fibonacci levels to analyse the whole "MARKET CYCLE" of Bitcoin which started in June - July 2017. Before I tell you how I analysed the market you may be wondering why I have "MARKET CYCLE" in bold letters. This is because one of the common mistake of the traders is not analysing the Market from where it started!. I would...

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Looks like we are in the impulsive sub-wave iii of the ABCDE correction pattern going down from D to E

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@11k 0.318 Fib Retracement from 5.9k (Closer to Uptrendline) Descending Traingle Double top Down to Uptrendline @9k 0.318 Fib Retracement from 6.4k (Closer to Uptrendline) Symmetrical Traingle Double top ??? Down to Uptrendline ???

surangadesilva

STEP 1 - Once the 1 wave is completed use Fib Retracement to find out the possible wave 2 level. Usually wave 2 is 0.5 - 0.8 of wave 1. In a uptrend Fib level is close to 0.8 but its the opposite on downtrend STEP 2- Once the wave 2 is completed use Fib Extension to find out the possible wave 3 level. Usually wave 3 is 1.618 of wave 1 or 2.618 of wave 2. STEP...

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I believe that you need to have 2 Up & Down Trendlines drawn on a chart and needs 3 or more confirmations for Trend change. 1D Timeframe chart shows Longterm 2 Up Trendlines which shows that we are waiting for a confirmation of Uptrend until BTC go above ~10k 6HR Timeframe chart shows that BTC going in short term channel. I have also drawn 2 up and down trend...

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Same pattern to be seen in Feb 2018 (5900$ - 11700$) vs Apr 2018 (6400$ - xxxx$). If the rising wedge pattern follows Feb 2018 then BTC may go upto around 8800$ before going down Confirmations: RSI is above 70 (Over bought) in 4hr timeframe Stochastic is above 90 (Over bought) in 4hr timeframe Fibonacci retracement is above 0.382 There is a possibility that...

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Short Version: If history repeats nearly 100%... Price reverse 9000 - 9200 resistance level 1.618 fib extension + fib extension cross uptend line from Begining of 2017 High volume confirms all above Lowest point of BTC is 4700 - 4900 If History repeats 90% or something... Price reverse 8000 - 8200 resistance level 1.618 fib extension of the above resistance...

surangadesilva

This Strategy is based on www.forexstrategiesresources.com I get 70%+ Success rate when i do 1.5/1 Risk/Reward ratio. Therefore I do 10pip TP with 15 SL. To lock at-least 50% of the profit I also do Trialing stop when i hit 5pip profit. This works pretty well with the Mt4 Indicators I mentioned above so i'm using the below indicators with Tradingview so that I...