gvt wave 4 correction or full cycle corrective C wave?quick new light on the current gvt scenario.
looking at my other charts all evidence suggests that this is a wave 4 correction however retracing to to 0.38 of wave 3 pushes my thoughts into this possibly being a full cycle correction.
harshly 0024 should be the bottom of a WXYXZ correction and liftoff to wave 5 should be imminent.
in an extreme case this could be C wave of an ABC heading down to 0020 however there is no evidence prior to suggest a full cycle was completed and therefor we shouldn't see this low.
i believe the lows we are seeing are part bitcoin slump, part alpha 'demo' (not live) and the rest were people just cashing out into other projects that may of taken off.
green candles just around the corner, fingers are crossed :)
Wxyxz
BTCUSD Wave analysis LONG TERMI have had this roughly charted since december, however the wave completions were a fair way off! no I can properly and accurately chart this I am able to share!
I have been focusing mainly on BTC lately to better understand the market during the BEAR period! I have started accumulating BTC and ALTS as the bottome is very close, i would be expecting drops to the buy zone to complete WXYXZ CORRECTION Following our amazing BULL 12345 run !! another thing im looking at is that this entire chart could be WAVE 1 and 2 on a much bigger scale!! targets moving to 30k and 50k.
On any note this should help with anyone who is a little lost in this cluster F**k of a market!!
hope you enjoy, share your predictions for discussion
good luck ladies and gentlemen
happy trading!
Draw some lines, connect some dots, watch TRX dropThis is the second chart I've sloppily entered into the world of TV. I'm a rookie so please don't make trades off of my "analysis". :-)
On to the meat and potatoes or potentially the table scraps. There is a potential WXYXZ formation brewing with TRX which can be very profitable once the pattern is complete. It can also do what TRX does best and face plant onto the floor, BUT, ya never know in the world of crypto.
If my gut is good for anything, which it's usually not too far off, the BTC correction in place ending and a TRX correction ending may be simultaneous or closely resembled if everything here comes to fruition.
Keep an eye out and DO NOT take as financial advice!
Happy trading, y'all.
The short term playSeeing this whole recent move of BTC as a failed 5th wave up and currently in an ABC correction down, the failed 5th wave makes it an X wave in a WXYXZ correction of the primary count, therefore we are now in the Z leg down where we hopefully finish the correction and finally bounce to the upside. The question remains where this bounce will be, for now I have hopes that it will be in the 8100-7500 area, but it could go to 6666 as well...the uptrend would still be intact!
EURUSD huge declineThe last wave is probably over, so a major down move is expected on the daily timeframe.
1) Never risk more than 2% of your account.
2) Try to be emotionless by applying your strategy to the pip.
3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work.
4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.
Bitcoin. Map for possible continuation of retracement.In my earlier post (see related) I shared a map of possible complex correction unfolding as double three.
This map shows possible continuation of retracement of BTC after temporary strengthening within wave XX.
It will be triple three WXYXZ model, which implies even more weakness for the first crypto.
Tron Finished Corrections?TRX finished a 5 wave impulse and is correctly experiencing corrections. A WXYXZ correction has been completed and TRX could soon start impulsing. The 5 wave impulse could be the subwaves of intermediate wave 1. That means the biggest wave (wave 3) has yet to come. I used the fibonacci extensions at 1.618, 1.272, and 1 to set the targets.
Gold. Possible Map. Triple Three. WXYXZGold is trapped within a large complex correction labeled as WXYXZ.
Current upward move could be the last wave up within wave X before the last drop in wave Z.
Long for long - term weekly observation XAUCADHello Traders,
Long opportunity under observation XAUCAD, R:R is approx 1 to 1.5+.
Your inputs on this analysis are highly appreciated, considering channeling and wxyxz wave concept.
Thank you.
Long observed EURCHFHello Traders,
Long opportunity for EURCHF.
R:R approx 1 to 4+
I will be honored to have your reflections on my analysis.
Thank you.
Energy Transfer Partners (ETP) Long on breakup End of correctionThe upside target at the previous top (31.49) is a minimum.
It could double there.
Bullish divergence on the RSI.
Polarityte Inc (COOL). Watch end of correction. The power of the trends + Corrective structure at the end.
Price is approaching the trendline resistance.
Watch the breakout.
USDCNH. Possible wave count. WXYXZ. One more drop on the cards.It could take more time for this pair to finish a WXYXZ correction.
The last wave X could shape a triangular ABCDE formation.
Break below D point would signal a move down.
ACUITY Brands (NYSE:AYI). Watch to long on breakout.It is possible that AYI is in the 4th wave correction unfolding within wxyxz structure.
The trendline support (white) is right under the price.
Watch both trendlines (white and yellow) for further clue.
The breakout of the yellow resistance is a good buy trigger for the last wave up.
Long long term observed EURUSDHello Traders,
Long term long EURUSD
Set R:R accordingly.
I highly honor your reflections on my analysis.
Thank you.
Long observed USDCHFHello Traders,
Long Opportunity for USDCHF
R:R approx 1 to 5+
I will be honored for your reflections as I recounted the internal waves for wave 4 and I anticipate up-ward move.
Thank you.
USDTRY. Breakout of correction. Previous top is a target.The pair broke above the resistance finishing correction.
The previous top is the minimum target.
Risk/reward more than 2.
US Dollar moved in a mighty bullish move recently against all major and emerging market currencies after Fed billed the trim of its balance and secured the yield rise in December. US T-notes already dropped huge. Demand for USD will rise as risk free interest rate will inrease.
Long observations USOILHell Traders,
Long observations for USOIL as three opportunities observed with respective R:R from apprx 1 to 3+ respectivey.
I will be honored to hear your reflections on my thought analysis.
Wishing you wonderful week ahead.
Thank you.
Long long term week set up observation USDCHF Hello Traders,
Long term week based set up for USDCHF. I will highly honor your reflections on my thought process.
Thank you.
Short weekly long term dxyHello Trader,
Short for the long term DXY -0.15% R:R approx 1 to 1+.
Your reflections on my observation I highly respect to hear from you.
Thank you.
EURUSD. BirdEye View. Possible wave countIt is possible that EURUSD is in a large WXYXZ correction. Monthly time frame.
We finished WXY and now the C of X is underway or we could be in wave A of Z already.
The C of X has hit the 1.414 of A of X and if it wasn't enough then another jump higher to the 1.618 ratio
or even to the trendline resistance is possible.
The Z could hit below the parity once unfolded.
Red arrow or blue zigzag is the alternative scenario.
