Elliottwaveanalyis
ETH/USDT Elliott Wave count 4H TFEthereum may have been completed 5 wave structure to the upside and will start to fall.
RSI shows that the upward trend has started to weaken also.
The price reached 2,236 fibbonacci extension.
I am searching for more clues to see if the impulse up is ended am I am waiting to break down the support line of those 4th waves.
Also I am waiting for more clues from you.
For now I will stay netural and wait for more price action.
Bitcoin Elliott Wave count 6H TF Bitcoin going up correctivly with a WXY pattern for what I think is a 4th wave that may hit 27000.
Now we are into subwave b, flat pattern from wave Y that I think it will find support somewhere at 22000 to retest a previous borken resistance from this level. Also 22000 is 0.764 fib retracement of the subwave a of wave Y and 1:1 ratio wave a vs c from that flat b that I mention it upside.
So we have some interesting confluneces at this 22000 and I am expecting the price to bounce to go up and finish this WXY somewhere at 27000.
Wave X vs Y 1:1 ratio hits exactly 0.382 fib retracement of what I think is a 3rd wave annd this is another reason that makes me to say Bitcoin will hit 27000.
I am updating Bitcoin count frequently for diffrent time frames so if you like my analysis subscribe for future updates.
I will remain short untill will start subwave c from wave Y
Good luck!
ETH/USDT Elliott Wave count 4H TFEthereum ended an impulse to the upside tha may be an wave A and now is falling into a correctivly pattern WXY that may find support into the box. From there I am expecting to go up.
Until the price acrtion will change I remain bearish.
I will update this count when the price action will change so if tou like my analysis subscribe for future updates.
Good luck!
Bitcoin Elliott Wave count 30m TF Bitcoin remains downwords and is falling correctivly into a WXY pattern.
I will trade this with short entry at 23000 and stop lose above black X wave top.
Price allready hit 0.618 fib retracement of the previous blue W from black Y.
I will update TP targets so if you like my analysis subscribe for future updates.
Good luck!
Bitcoin Elliott Wave count 1H TFAfter this flat type correction I expect bitcoin to correct more at least with a C wave and it is possible to touch the 21650 area.
I will enter short at 23210.
Stop lose 23670
I will update take profit later.
If you like my analysis subscribe for future updates!
Good luck!
CPF Elliott Wave Projection | Triangle Breakout - RetestPrice action and chart pattern trading
> Wave Analysis projection - descending triangle / wedge breakout trading target
> Entry @ support retest breakout downtrend wave triangle
> Target 1.0 - 1.618 extension of ABC uptrend wave possible at volume profile resistance
> Stop @ right shoulder of inverted head & shoulders
> RRR 3:1
Always trade with affordable risk and respect your stoploss