ErwinBeckers

ErwinBeckers

Waiting for the triangle to break and to put in the 4 of the 5

ErwinBeckers

Some people didn't think a correction was possible. But here we are, couple of days later, and bitcoin made a much needed and healthy correction so far. It seems we are currently working on the 5 of the C wave which could end around the 61.8% fib levels. That would be nicely above wave 1 , so valid according to Elliott rules I will be looking to long when 4 is in...

ErwinBeckers

Some people didnt believe a correction was going to happen. Well here we are, a couple of days later and BTC sure did a nice and healthy correction. And...It looks like the correction almost done ? From what i see we're putting in the 4 of the 5 of the C wave. Logical target for 4 seems to be around the 0.618 fib level which is still above the wave 1 high, so not...

ErwinBeckers

If the 1-2 is in, we're now up for the 3. Nice trade setup with a SL just under the II and a potential RR of 4

ErwinBeckers

BTC is (almost) done with its 5 wave impulse up. Time for a correction. We can already spot bearish divergence on the daily RSI, so perhaps there's a small push up left but then its time to correct. If this plays as a 1-2 of a higher degree Elliott wave the most probably place for the 2 to end would be between to 50%-61.8% fib levels

ErwinBeckers

Touched the 61.8% fib retracement to complete the 2 and seems now the 3 is starting

ErwinBeckers

EUR/USD is about to put in the final E of the triangle When E is made we can expect a push down equal to the width of the entire rectangle to make the 5th Stop is just above the C giving us a nice RR of +/- 9:1

ErwinBeckers

Waiting for a breakout to the downside. going short when E of the triangle has formed

ErwinBeckers

5 waves completed now busy with an ABC correction. Looks like the A wave is already in and we're now busy making the B Will short once B is completed.. BTW. TradeDevils announced a contest where you can win free memberships to their trading university!!. Click here to enter: wn.nr

ErwinBeckers

Looks like the 4 is in and we're now down to the 5

ErwinBeckers

Looks like we got a completed 5 wave structure and we're heading to the 0.5-0.65 % fib retracement for oil

ErwinBeckers

BTC/USD is reaching the 50% fib retracement from previous swing lo-hi Top could already be in, but I do expect another small push up to somewhere between the 50%-65% fib levels From there it looks like we are in a good position to start going down towards the $5.3k region

ErwinBeckers

short term bearish with target at $6300

ErwinBeckers

Looks like the correction is over and we’re making an 12345 impulsive move up Looking to short the 3->4 and then long 4->5

ErwinBeckers

Looks like the correction is over and we’re making an 12345 impulsive move up Looking to short the 3->4 and then long 4->5

ErwinBeckers

Macro view: 5 waves complete forming a bigger 1 wave Now retracing down to make the bigger 2. Probable target for the 2 would be the 50%-65% fib level Smaller view: The A wave looks to be finished and we’re now retracing back to create the B Target for B is between the 38.2%-50% fib levels

ErwinBeckers

Looks like the big 4 is in and we're now building up the 5 down. Expect a small retrace to the 0.5 fib level

ErwinBeckers

is still correcting and busy completing the 4th. Probable target for the 4th would be the 0.382-0.5 fib levels From there we can expect it to finish the impulsive wave up with a 5th wave After the 5th wave we get a correction, again to the 0.382-0.5 fib levels of the entire 5 impulsive wave And then things get interesting.. 1) Bull scenario this would...