לונג
BCH-Rock-n-Roll-Wave Analysis-Extending 5th
BITFINEX:BCHUSD is ready to rock-n-roll.
This is a trade for the extending 5th wave. The main trading method that I apply is Elliot Wave Theory with some indicators for confirmation.
I did extensive analysis in the related idea BITFINEX:BCHUSD-BREAKOUT-EXTENDING 5TH).
Review:
We have completed Waves 1, 2, 3, and 4 (ending).
Wave 3 Extended over 700% of Wave 1. After Wave 3, a rare expanding diagonal triangle formed which according to Elliot suggest that Wave 5 will extend as well. This could be a rare Wave where there are two extended impulse waves. Don't forget that we already completed higher degree waves 1 & 2 (Cycle Waves). Also, it is impossible to know exactly where the terminal point of a extending wave will end. But, we will try our best to figure that out because there is just as much money to be made in corrections.
Let's review the charts:
We have a Micro-Wave ready to fly...
Key target: 1.618 ($562)
Anticipated Terminal 5th Wave Target: $760-$725
Turn up the music!
Will update.
-AB
This is a trade for the extending 5th wave. The main trading method that I apply is Elliot Wave Theory with some indicators for confirmation.
I did extensive analysis in the related idea BITFINEX:BCHUSD-BREAKOUT-EXTENDING 5TH).
Review:
We have completed Waves 1, 2, 3, and 4 (ending).
Wave 3 Extended over 700% of Wave 1. After Wave 3, a rare expanding diagonal triangle formed which according to Elliot suggest that Wave 5 will extend as well. This could be a rare Wave where there are two extended impulse waves. Don't forget that we already completed higher degree waves 1 & 2 (Cycle Waves). Also, it is impossible to know exactly where the terminal point of a extending wave will end. But, we will try our best to figure that out because there is just as much money to be made in corrections.
Let's review the charts:
We have a Micro-Wave ready to fly...
Key target: 1.618 ($562)
Anticipated Terminal 5th Wave Target: $760-$725
Turn up the music!
Will update.
-AB
הערה
Wow...
הערה
Important to note:
Corrections often alternate
When we get two extensions in a five wave sequence and they are the third and fifth waves respectively, there is an even greater chance for a sharp correction once the extended fifth wave is completed.
הערה
הערה
הערה
Still looking good...הערה
ZigZag Correction (Above)הערה
40,000 FT VIEWהערה
Spiral Intersections are important and usually note a price-action move.הערה
Noted STOP.
הערה
הערה
Sub-Wave 3=$529
הערה
הערה
הערה
הערה
Bears are putting up a good fight...Stay the course...
הערה
הערה
הערה
Bears out of ammo?
הערה
Looks like it...
הערה
Still need to complete the 5 sub-waves...We are getting closer.
הערה
Hypothetical Price-action...
הערה
הערה
3 Min:
Extending S-Wave 3
הערה
הערה
Correction(Above): Not Extending S-3. *Price Action could have possibly extended
Original Analysis was correct.
Shorter the tic length the more challenging it is to count waves.
הערה
Stay the course...הערה
הערה
Looks like a whip...הערה
הערה
5 Sub-Waves
Breakout or Another set of 5-3-5?
הערה
הערה
Micro-Wave
Holding the line....
הערה
הערה
הערה
STOP: RED TRENDLINEהערה
Reminder: Wave 2 can retrace up to 100% of Wave 1. Make sure stops are below the beginning of Wave 1.
הערה
Micro-Wave didn’t hold...הערה
504-505 is Criticalהערה
Stay the Course...הערה
הערה
Looking to test 21 EMAהערה
הערה
הערה
It will be back up in no time...הערה
See you in the AM. Stay the course...
הערה
הערה
הערה
Let's see what we got going on this AM. I think we have a Wave formation here.
הערה
הערה
הערה
Bottoms Alternateהערה
Complex, Spike, Complex....הערה
הערה
Stay the course...
הערה
הערה
הערה
הערה
הערה
הערה
הערה
Extending S-3?הערה
Momentum is building...
Longer time-frame 30-60-90 shows high momentum...
Shorter time-frame 3-6-9 trending higher....
הערה
Bears are folding...
הערה
הערה
הערה
הערה
Breakout imminent...הערה
הערה
Key Target is always the golden ratio...הערה
הערה
הערה
הערה
I bet a lot of people got washed out last night and are going to be chasing this move...הערה
Breakout Alert...הערה
Volume Flow
הערה
הערה
imminent...
הערה
הערה
הערה
ZigZag Correction Ending...
Stay the course...
הערה
הערה
Just finished another "ABCDE" Correction...הערה
Ladies and Gentlemen,The time has arrived...
הערה
הערה
הערה
Above: Last 'E' Wave...הערה
Expect an Extended 5th...
הערה
הערה
Buyers are starting to come in...הערה
הערה
הערה
הערה
הערה
Breakout Alert...הערה
הערה
*Correctionהערה
הערה
הערה
הערה
הערה
הערה
Weis Wave - Increasing Buyers + Decreasing SellersTEMA RSI - High Strength
....
הערה
הערה
הערה
Staying the course...הערה
Please be the breakout!
הערה
הערה
הערה
21 EMA is support.הערה
הערה
Slow moving CAT 5 Hurricane.הערה
Building solid support.הערה
הערה
1HR needs to cross 21 EMA for the breakout.הערה
הערה
הערה
הערה
9 Correction Waves (Complex)הערה
הערה
הערה
הערה
Excuse me...Officially 10 Corrective Waves...
BOO-YAH
הערה
That was exhausting...but worth it.הערה
Target 1: 550Target 2: 590
Target 3: 760-730
הערה
Follow the Spirls for Hypothetical Price-action...
הערה
Shorts will be getting alerts and will be scrambling...הערה
הערה
Sub-1 & Sub-2- Fibonacci 1.618 Extension Price broke strongly above...
Extending 3rd S-3
הערה
הערה
Note for Higher degree 3rd waves.Wave degrees often correlate with each other.
הערה
CAT 5 Hurricane approaching about to make an impact.הערה
הערה
הערה
הערה
OBV Divergence from price-actionהערה
הערה
הערה
Keep Calm And Carry Onהערה
הערה
Chart will break down if we go below Wave 1 Terminalהערה
הערה
Breakout Alertהערה
הערה
הערה
הערה
הערה
הערה
הערה
CAT 5 Hurricane is making landfall.הערה
הערה
Bears are drying up...הערה
Bulls waiting for confirmation...Who blinks?
הערה
Reflex?הערה
הערה
הערה
הערה
הערה
הערה
הערה
הערה
Last Call...הערה
הערה
הערה
הערה
In the eye of the CAT 5...הערה
הערה
Straight to $590...הערה
הערה
Extending S-3?הערה
הערה
הערה
Higher (Yellow)Lower (Blue)
הערה
הערה
הערה
הערה
הערה
הערה
הערה
All ABOARD!הערה
הערה
Here we go...Thread getting long.
Will be updating with new idea shortly.
הערה
The longly anticipated extending 5th Wave!הערה
Underscore LONGLY. -AB
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.