BCH-Fibonacci/Wave Analysis-Leading Diagonal-Apex cho BITFINEX:BCHUSD bởi FibMarketWatch

BITFINEX:BCHUSD is forming the apex of the leading diagnoal.

This Idea is to track the price-action coming out of the the leading diagonal.

For Further Analysis see related idea.

Review:
BITFINEX:BCHUSD 7.62% has been in a bear market since reaching an all-time high in December 2017 (273 days ago).

1. Primary Wave Sequence (Green)
-Wave 1: +347.02%
-Wave 3: +899.29%
-Wave 5: +382.22%
- 133 Days
2. Correction Sequence (Yellow)
-A Wave: 5 Waves (Pink) (-84.87%)
-B Wave: 3 Waves (+197.89%)
-C Wave: 5 Waves (Orange) (-77.95%)
-Fib. Extension (5-A-B)

3. Fibonacci Extension: Wave 1 & Wave 2

4. Wave Sequence Price Increase: 2,290.84%
- $215.00/$4,104.30
- 133 Days

5. Wave 2 Price Decrease= 90.06%
- $4,104.30/$407.90
- 273 Days

6. Fibonacci Time Extension: Wave 1/Wave 5 (Yellow)

The Beginning:

Idea: BCH-BREAKOUT-Imminent

The Correction ended at $426.40 with a sharp reflex followed by a Micro-Wave sequence.

The Micro-Wave was a lower degree Wave 1 & Wave 2.

The 3rd Wave extended over 700% of Wave 1 & Wave 2.

The 4th Wave Correction resulted in what Elliot called a 'diagonal triangle'.

There are two main types of diagonal triangles. One is where the two boundaries of the triangle converge and the other where they diverge. The second type is known as Expanding Diagonal Triangles. Irrespective of whether they are converging or expanding diagonal triangles, if they occur in the first wave position, where they are known as ‘leading diagonal triangle’, the internal waves are made up of 5-3-5-3-5 sub waves. If they occur in the fifth wave position, they are known as ‘ending diagonal triangles’ and the internal waves are made up of 3-3-3-3-3 sub waves. For example, in an uptrend, the ending point of the fourth wave diagonal triangle will be near or even above the top of the third wave. Then all of a sudden, when the ‘e’ wave of the triangle is finished, price will break even higher and the fifth wave will race upwards.

The corrective sequence occurred in the Wave A position making it a leading diagonal .
When it occurs in Wave A position, it becomes a leading diagonal triangle, and when it occurs at the Wave C position, it is an ending diagonal triangle.

A diagonal triangle differs from a regular (horizontal) triangle in that it slopes in the direction of the trend. So when the eventual break out happens, the next move will be in the opposite direction.

The third wave traveled a considerable distance in a short space of time, and the diagonal triangle itself appeared sloping in the direction of the major trend which hints that the 5th Wave will extend.

The internal waves of the correction were 5-3-5.

The correction was also complex by having 2 correction sequences of ABCDE.

Instead of breaking higher the move broke down and consolidated further and formed a larger leading diagonal.

The next wave sequence is estimated to last 259 days till July 1st, 2019.

Cheers!

-AB

Bình luận:

Near-Term Target: $800-$730 (30-90 days)
Long-Term Target: $2800 (180 days)

Bình luận:

S5 Target (Yellow)

Bình luận:

Main Question that comes to my mind is do we breakout of the Leading Diagonal Now...

Or Consolidate further into the Apex

Bình luận:

High Probablity of Breaking out...

Elliot Rule...

Wave 3 CANNOT be the Shortest Wave...

Bình luận:

TRADE:

BUY: $475
SELL: $530
BUY: $475

Bình luận:

Trade Targets are NOT exact. The Trade is for Wave B & C.

Wave B should come very close to Terminal Wave 3. Wave C should bottom at Terminal Wave B. I’m

Bình luận:

Wave A Terminal

Bình luận:

Wave B is Always 3 sub-waves

Bình luận:

Here comes the trade...

Bình luận:

Always be on alert for Extensions...

Bình luận:

Correction was not a flat...

Internals of Waves are extremely important...

ZigZag Correction...

Do NOT Sell!

Bình luận:

Time to break the Leading Triangle?

Bình luận:

5 tiny sub-waves in Wave C?

Bình luận:

New Trade: Sell at Wave 5 Terminal

Bình luận:

Check this out...

Next Move looks nuts...

Bình luận:

Next 36 hours the wave sequence will be complete.

Bình luận:

Above: Extending S1

Bình luận:

Should beginning the move momentarily...

Bình luận:

Price-Action Update.

Bình luận:

Excuse above.

Below:

Leading Diagonal

Bình luận:

Smaller leading diagonal within larger leading diagonal

Bình luận:

Almost at the pinnacle of the leading diagonal

Bình luận:

Here is a better view.

Larger Leading Diagonal = Green

Smaller Leading Diagonal = Blue

Bình luận:

Time for Take-off?

Bình luận:

Price-Action update:

Bình luận:

3rd sub-wave of the higher degree 3rd should be starting now.

Bình luận:

Excuse Above...

Bình luận:

Above: Fib Spiral intersect from Cycle Wave A and B

Bình luận:

Marks the end of Cycle Wave Correction

Bình luận:

Or aka Wave C

Bình luận:

STOP

Bình luận:

Price-Action Update:

Bình luận:

We are beginning Sub-Wave 3 of a higher degree 3rd Wave.

A Fibonacci Spiral gap is opening allowing BCH to move higher (marked by the vertical line).

Bình luận:

Fib Time = 3rd Wave Sequence (Approx. 9 days)

Bình luận:

Correction:
2 days for Lower Degree
9 days for Higher Degree

Bình luận:

Lower Degree - Teal
Higher Degree - Green

Bình luận:

Higher Degree:
Wave 3 Target - $606-$650
Wave 5 Target - $735-$800

Bình luận:

Key Levels:

Bình luận:

Above: Nearing the Apex.

Bình luận:

Breakout Imminent!

Bình luận:

Above: Complex Correction: FLAT + ZIGZAG

Bình luận:

Selling should be over or getting close...

Bình luận:

Live updates to make sure I am right about this move

Bình luận:

Target Hit.

Bình luận:

A few more ticks to go...

Bình luận:

$436 is next target

Bình luận:

Gap opening...

Bình luận:

Price-Action looks good.

Analysis Stands.

Stay the course.

Bình luận:

Wave 5 is looking to extend

Bình luận:

Scenario 1 : 5th Wave Extends
Scenario 2 : Correction

STOP can be placed firmly at $430.49 (Coinbase)

Bình luận:

Scenario 2 occurred, no impact on analysis.

Cheers!

-AB

Bình luận:

Correction: ZigZag instead of Flat

Bình luận:

Reminder: Wave 1 can be sloppy...

Bình luận:

Failed Wave

Stop Triggered

Bình luận:

Higher Degree Wave did not fail. The image where I noted where my analysis would failed if the $422 level was crossed.

Bình luận:

Excuse typing errors please on my phone.

Bình luận:

Here is the image with the stops.

Bình luận:

Analysis still stands.

Stay the course.

Bình luận:

Wouldn't be surprised at all if BCH just shoots upwards.

Bình luận:

Above: Higher Degree Wave

Bình luận:

Above: Firm Stop $424.99 (Coinbase) & Retrace levels

Bình luận:

Wave 1 usually extends if it only retraces .236 or .382

Bình luận:

Price-Action is showing a leading Diagonal

Bình luận:

The only formation that can violate Elliot's Wave laws.

Wave 2 can never exceed the start of Wave 1
Wave 4 cannot overlap the price area of Wave 1
Wave 3 Cannot be the shortest impulse Wave

Bình luận:

Breakout should be imminent...

Bình luận:

Lower Degree Wave 5 Extended
Higher Degree Wave 5 SHOULD Extend

Bình luận:

Lower Degree Wave 1 & 2 near completion

Bình luận:

I will be updating throughout the day...

Bình luận:

Wave 3 Target hit.

Bình luận:

Wave 3 Extedning

Bình luận:

Wave 3 Extension imminent.

Bình luận:

It’s amazing, every time BCH tries to rally a seller(s) come in to block. What the...

Bình luận:

Note to Seller(s): You Will Not Win!!!!

Bình luận:

Sellers can only surpress price down for so long...it is NOT definite.

Bình luận:

Extension Failed.

Bình luận:

Wave 4 should terminate near Wave 1 terminal.

Bình luận:

Still expecting an Extended 5th Wave

Bình luận:

1HR View:

Bình luận:

6HR View:

Bình luận:

Price-Action looking very strong...

Is it time for the Big Move?

Bình luận:

Wave 5 is extending...

Bình luận:

Added another spiral for Timing purposes.

Bình luận:

Fib Spiral 1: Wave 3 - Wave 4 = Target for Wave 5

Fib Spiral 2: Wave 5 (Sub-Wave 1) - Wave 4 = Timeline for Wave 5 (Sub-Wave 3) to begin

Bình luận:

Approx. 4 hours till next leg higher.

Bình luận:

Fib Spirals played out exactly...

Bình luận:

The main difference between Wave 3 extensions and Wave 5 extensions is that Wave 5 extensions take longer to complete.

Bình luận:

Next Target- Yellow box

Bình luận:

Hoping this Sequence will break us out of the leading diagonal!

Bình luận:

Reminder: This is Higher Degree Wave 3 beginning

Bình luận:

Higher Degree Wave 1 & 2 (Yellow)

Bình luận:

Elliot Rule: Wave 3 CANNOT be the shortest wave!

Bình luận:

Higher wave near-term targets are Fib Extension level 1 & 1.618

Bình luận:

Reminder: No way to guarantee where extensions end.

Bình luận:

40,000 Feet View (Always Important)

Bình luận:

Please give me a like if you find this analysis to be useful!

Bình luận:

The BIG move imminent...

Bình luận:

Review:

1. Higher Degree Wave 3 Beginning
2. Lower Degree Wave
- Wave 1 - Leading Diagonal (Normal)
- Wave 3 - Passed 1.618 but failed to extend
- Wave 5 - EXTENDING

Bình luận:

Plan to open a new idea as soon as we break this leading diagonal

Bình luận:

Bare Minimum Wave 3 has to reach $606.

Bình luận:

Micro-Wave Sequence complete.

Sell and buy back at Wave 1 Terminal.

Bình luận:

Waves are like Russian Nesting Dolls

Bình luận:

Trade opportunity!

If you do not want to trade the correction, place a firm stop just under the beginning of Wave 1

Bình luận:

Reminder: Wave 2 can retrace up to 100% of Wave 1. The most common retrace is between Sub-Wave 1 Terminal and Sub-Wave 2 Terminal. I have represented this with the Red Fib Spirals.

Bình luận:

Wave 2 Corrections are usually in the ZigZag Formation (5-3-5).

Bình luận:

-1HR View
-Added Ultimate Oscillator: Shows negative divergence

Bình luận:

This is where you would sell...

Watch out for the extensions...

Bình luận:

Price-Action Broke 1.236 Level

Watch 1.382 and 1.618 Next...

Looks like the 5th Wave Extension is not over.

Are the shorts starting to cover?

Bình luận:

Fib Spiral Intersections are Key.

Green Circle shows two Fib Spirals intersecting...

This is how I read Fib Spirals...

Bình luận:

Looks like Major Rally is Straight Ahead...

Bình luận:

$562 level is still pointing out to me...

Bình luận:

Looks like one more move down to between $447 & $444 then get ready for the next leg higher which should be to at least $520.

Bình luận:

Little Trade: Sell Here buy back $445

Bình luận:

Trade Worked Perfect...

Now, Let's go higher!

Bình luận:

Above: S1 & S2

Bình luận:

Fib Extension of S1 & S2

-Added Stop

Bình luận:

Counting Waves is an Art not exact science...

Bình luận:

ZigZag Correction should be ending now...

Bình luận:

Above: Extending Higher Degree Wave 1

Not HIGHEST DEGREE (Still in larger WAVE 3)

Bình luận:

STOP Added

Bình luận:

Price-Action Update and Fib Spirals added to help track/predict Wave Sequence

Bình luận:

1HR View + Next Leg Higher Timeline

Bình luận:

Daily View:

Bình luận:

Here is Wave 2 Bottom.

Now we are going higher...

Bình luận:

Above: Sub-Wave Sequence

Bình luận:

Above:

Added Extension Trigger
Added Wave Sequence

Bình luận:

5th Wave was Normal

Bình luận:

Correction should be ending momentarily...

Bình luận:

Correction was FLAT (3-3-5)

Bình luận:

Prepare for the ‘Big’ move...

These levels will likely not be seen again...

Buy what you can here.

Bình luận:

Will update shortly.

Bình luận:

Wave 1 IS extending!

Bình luận:

Price-Action update

Added Spiral

Forming Leading Diagonal

Bình luận:

Wave 1 extended then pulled back...

Stop Triggered.

Opportunity to pick up more BCH.

Analysis still stands.

Bình luận:

Wave 2 came down in a 3 wave sequence which implies a Flat Correction

Bình luận:

Wave 2 Correction Complete

Bình luận:

6HR View
Added Fib Extension (1&2)

Bình luận:

Wave C needs to complete 5 Sub-Waves in order to be complete.

Bình luận:

Hypothetical Price-Action

Bình luận:

Sub-Wave 4 & 5 will become sub-wave 1 & 2

Bình luận:

Price-Action Update:

Bình luận:

Price-action update: We have completed 5 Sub-Waves

Bình luận:

Added Fib. Extension (S1 & S2)

Bình luận:

Breakout imminent

Bình luận:

Next Move should be large...

Wave 3 beginning now.

Bình luận:

Expect Wave 5 to Extend.

Bình luận:

Updated STOP

Bình luận:

1HR View

Bình luận:

Above: Fib Time of Wave 1

Bình luận:

It's time to break the Leading Diagonal we have been in...

Bình luận:

Excuse above...

Bình luận:

Hypothetical Price-Action

Bình luận:

Looks like this is it...

Back to $500's

Bình luận:

Price Action update:

Bình luận:

10 mins or so left...

Bình luận:

Price Action Update:

Bình luận:

In the 'Gap'

Let's see which way it goes...

Bình luận:

Looks like we are going to have a correction sequence

Bình luận:

Wave A bottomed in 5 Sub-Waves which tells us its a ZigZag correction

Bình luận:

Wave B usually travels back up to the .618 level of Wave A.

Bình luận:

Wave C is always 5 sub-waves and bottoms between the 1 & 1.618 fib. Extension level from waves A & B

Bình luận:

Hypothetical Action

Bình luận:

Correction is not a ZigZag but a FLAT

Bình luận:

Action Update:

Bình luận:

#Slowwalker

Bình luận:

Action update:

Bình luận:

Micro-Wave

Wave 1 is Normal
Wave 3 extended
Wave 5 Normal

Expect higher degree 3 extension

Bình luận:

Correction should ending soon

Bình luận:

Look for correction to end near 1.382/1.618

Bình luận:

Action update:

Bình luận:

This wave (3) should extend

Bình luận:

Fib extension 1 & 2

Bình luận:

Wave 3 should pass 1.618 or $442

Bình luận:

Price Action update:

Bình luận:

Notice all The Fib Spiral Intesections

Bình luận:

Wave is tends to be a sloppy formation

Bình luận:

Action update:

Bình luận:

Above:

Yellow Box: Failed Wave

Now: beginning a new micro-wave formation

*please excuse typing while on my phone.

Stay the course!

Bình luận:

Above:

Teal: Primary Wave - Sub-Wave Sequence
Red: ABC Correction
Orange: Primary Wave 1 & 2

Bình luận:

Above: Hypothetical Action

Bình luận:

We have to be getting close...

Bình luận:

Note the Red Spiral Intersection

Bình luận:

Getting really close to breaking out...

Bình luận:

Tiny Sub Wave 3 beginning

Bình luận:

S1 & S3 we’re near equality

Expect 5th Wave to extend

Bình luận:

Wave 5 broke .618 from Fib Extension 0-3-4 which implies it’s extending. Also, it broke the channel line from Terminal wave 1 and Terminal wave 3

Bình luận:

We are reaching the end of the leading diagonal...

The next move high should begin at any moment...

Micro-Wave Sequence & ABC Correction ending now..

Bình luận:

Correction close to ending

Bình luận:

Price should not go below S1(0)

Bình luận:

Take emotion out and trust the analysis

Bình luận:

Reminder: Its extremely difficult to count 1-3 minute wave sequences. Counting waves is more of an Art than Science. Waves can change and waves can fail. If I do see a change in the formation I will update the idea asap. For example, if I originally said it’s a ZigZag Correction but it’s actually a Flat correction I will update the idea to notify the change in the price-action.

Just wanted to let this be known and it is the main reason why I provide so many price-action updates.

Stay the course...we are getting close to the finish line!

Bình luận:

S1(0) held and just quickly looking at the action it looks like we have a Micro-Wave formation.

Bình luận:

You could place a STOP near S1(0)

Bình luận:

My stop is at $424.89

Bình luận:

Perfect Example of a Sloppy Wave 1 Formation...

The less volume the sloppier the wave formations of any given security.

Bình luận:

Expecting BCH to takeoff anytime...

Bình luận:

Here ya go...

Bình luận:

Analysis is about to be proven correct...

Bình luận:

Ye o little faith...

Bình luận:

Last chance to load up on BCH!

Bình luận:

If I don’t post a comment with a chart update I’m just showing the price-action and making sure it is still ‘following’ or ‘riding’ a spiral.

Nothing more and nothing less...

I would notify with comment if there was a change in the analysis.

Bình luận:

Looking good...

Watch 1.618 Level

Bình luận:

$476.90

Bình luận:

Add Fib Extension to Sub-Wave 1 & 2

Bình luận:

Review

Bình luận:

Add Fib Time and Fib Extension to Higher Degree Primary Wave

Bình luận:

Add Fib Extension to Sub-Micro Wave 1 & 2

Bình luận:

See the Leading Diagonal?

Bình luận:

Beautiful Chart Above...

Fibonacci and Wave Theory

Bình luận:

Wave Internals (Sub-Waves) are Key.

Bình luận:

Time Estimate for Sub-Wave 3 to begin. I expect we consolidate side ways for a few more hours.

Bình luận:

Add Fib Spirals to Sub-Waves

Added Scenarios

Bình luận:

Looks like the Green Arrow Scenario is going to play out.

Bình luận:

Sub-Wave Sequence Complete

Bình luận:

Sub-Wave decided to further retrace.

No change in analysis.

Bình luận:

Pretty good time estimate.

Bình luận:

Ignore stop above.

Bình luận:

Sub-Wave 3 was Normal

Bình luận:

Who dumped 5,000 BCH?

Stench of Manipulation...

Bình luận:

Higher Degreee has not completely failed...

Bình luận:

IF we go below 407.65, analysis will fail...

Bình luận:

Wave 2 CANNOT go below the price area of Wave 1.

Bình luận:

Original Analysis

Bình luận:

If Wave Theory is correct we should be ok...

Bình luận:

Just double checked the Wave counts.

Bình luận:

Fib Time 5 marks the end of a Wave Sequence (1-5 Waves + ABC Correction).

Bình luận:

Found the Error...

I messed up the ABC Correction...

Corrected below:

Bình luận:

ZigZag (5-3-5) instead of Flat (3-3-5)

Bình luận:

Analysis Stands

Bình luận:

I think it is safe to say we are at the Apex.

Bình luận:

Above: Log Format

Bình luận:

It should be getting close to time to tell whether this idea will be proven correct or fail.

Bình luận:

BCH/BTC HAS BOTTOMED! Been over the analysis many times....we can only go higher...

Bình luận:

Corrected the Wave Count...

Wave 1 Extended
Wave 3 Normal
Wave 5 Normal

Expect higher degree Wave 1 To extend...

Bình luận:

For those interested in my Fib Theory...

Here is a test of it...

Bình luận:

Wave 3 of this Sequence will hit $440 if the theory stands...

Bình luận:

BCH/BTC will sooner or later be like a rocket launch

Bình luận:

Should be going higher in approx. 9 mins...

Bình luận:

Spiral Targets

Maybe Tradable

Bình luận:

Orange Spiral is Terminal Wave 3 (Wave 1 Terminal to Wave 1 Beginning)

Bình luận:

2.618 is a level that keeps appearing in my analysis...

Likely level for Terminal Wave 3

Bình luận:

Pink Sequence - Hypothetical Action

Bình luận:

Bigger picture...

Bình luận:

Do or die time!

Bình luận:

Will this analysis fail or be right...

Just tell me!

Bình luận:

Fib Spiral Theory Test

Bình luận:

Just to know that I'm not placing the Fib Spiral randomly. Above is the Wave count as I see it.

Bình luận:

Better view of wave sequence

Bình luận:

Wave 3 Terminal: $440-438

Bình luận:

Higher Degree Wave 2 completely finished.

Higher Degree Wave 3 is beginning...

Bình luận:

Reminder:

Highest Wave:

Bình luận:

Higher Degree Target:$6500

Bình luận:

Now the goal is to get rich along the way and trade the Sub-Waves to Higher Degree 3rd Terminal then Sell into the 4th Wave.

Bình luận:

Heavy hitters on deck

Bình luận:

Wait for it...

Batters on deck...

Bình luận:

Coinbase chart

Bình luận:

Heavy Hitters...

The Rush...

Climax...

Everyone thought it was going lower...

Bình luận:

New idea coming soon...

Bình luận:

Strong MACD crossover

Bình luận:

Breakout imminent...

Bình luận:

Wall Street money incoming...

Bình luận:

Wave 3 was Normal.

Expect extended 5th.

Bình luận:

Added Fib Extension 0-3-4

1.618 Target

Bình luận:

Wave Failed....

Don't Panic...

Bình luận:

This will start a Wave Sequence

Bình luận:

Upside Down ABC Correction

Bình luận:

Only used 'ABC' because there is no other '123' Sequence

Correction: 3-3-5

Bình luận:

Ahh so close....

Hurry up BCH!

Bình luận:

I spoke a little soon when I said BCH Cycle Wave 2 was completely finished...

It's ALMOST!

Need this Last C Wave which will turn into a Wave Sequence.

Bình luận: