เพิ่มขึ้น
BCH-Fibonacci/Wave Analysis-Leading Diagonal-Apex

$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
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
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Near-Term Target: $800-$730 (30-90 days)Long-Term Target: $2800 (180 days)
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Main Question that comes to my mind is do we breakout of the Leading Diagonal Now...Or Consolidate further into the Apex
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High Probablity of Breaking out...Elliot Rule...
Wave 3 CANNOT be the Shortest Wave...
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TRADE: BUY: $475
SELL: $530
BUY: $475
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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
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Wave B is Always 3 sub-wavesบันทึก
Here comes the trade...บันทึก
Always be on alert for Extensions...บันทึก
Time to break the Leading Triangle?บันทึก
5 tiny sub-waves in Wave C?บันทึก
New Trade: Sell at Wave 5 Terminalบันทึก
Next 36 hours the wave sequence will be complete.บันทึก
Above: Extending S1บันทึก
Should beginning the move momentarily...บันทึก
Smaller leading diagonal within larger leading diagonalบันทึก
Almost at the pinnacle of the leading diagonalบันทึก
Time for Take-off?บันทึก
3rd sub-wave of the higher degree 3rd should be starting now.บันทึก
Above: Fib Spiral intersect from Cycle Wave A and Bบันทึก
Marks the end of Cycle Wave Correctionบันทึก
Or aka Wave Cบันทึก
STOPบันทึก
Lower Degree - TealHigher Degree - Green
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Higher Degree:Wave 3 Target - $606-$650
Wave 5 Target - $735-$800
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Above: Nearing the Apex.บันทึก
Breakout Imminent!บันทึก
Above: Complex Correction: FLAT + ZIGZAGบันทึก
Selling should be over or getting close...บันทึก
Live updates to make sure I am right about this moveบันทึก
Target Hit.บันทึก
A few more ticks to go...บันทึก
$436 is next targetบันทึก
Gap opening...บันทึก
Price-Action looks good.Analysis Stands.
Stay the course.
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Wave 5 is looking to extendบันทึก
Scenario 1 : 5th Wave Extends Scenario 2 : Correction
STOP can be placed firmly at $430.49 (Coinbase)
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Scenario 2 occurred, no impact on analysis. Cheers!
-AB
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Reminder: Wave 1 can be sloppy...บันทึก
Higher Degree Wave did not fail. The image where I noted where my analysis would failed if the $422 level was crossed.บันทึก
Excuse typing errors please on my phone.บันทึก
Analysis still stands.Stay the course.
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Wouldn't be surprised at all if BCH just shoots upwards.บันทึก
Above: Higher Degree Waveบันทึก
Above: Firm Stop $424.99 (Coinbase) & Retrace levelsบันทึก
Price-Action is showing a leading Diagonalบันทึก
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
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Breakout should be imminent...บันทึก
Lower Degree Wave 5 ExtendedHigher Degree Wave 5 SHOULD Extend
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Lower Degree Wave 1 & 2 near completionบันทึก
I will be updating throughout the day...บันทึก
Wave 3 Target hit.บันทึก
Wave 3 Extension imminent.บันทึก
It’s amazing, every time BCH tries to rally a seller(s) come in to block. What the...บันทึก
Note to Seller(s): You Will Not Win!!!!บันทึก
Sellers can only surpress price down for so long...it is NOT definite.บันทึก
Wave 4 should terminate near Wave 1 terminal.บันทึก
Still expecting an Extended 5th Waveบันทึก
Price-Action looking very strong...Is it time for the Big Move?
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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
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Approx. 4 hours till next leg higher.บันทึก
The main difference between Wave 3 extensions and Wave 5 extensions is that Wave 5 extensions take longer to complete.บันทึก
Hoping this Sequence will break us out of the leading diagonal!บันทึก
Reminder: This is Higher Degree Wave 3 beginningบันทึก
Higher Degree Wave 1 & 2 (Yellow)บันทึก
Elliot Rule: Wave 3 CANNOT be the shortest wave!บันทึก
Higher wave near-term targets are Fib Extension level 1 & 1.618บันทึก
Reminder: No way to guarantee where extensions end.บันทึก
Please give me a like if you find this analysis to be useful!บันทึก
The BIG move imminent...บันทึก
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
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Plan to open a new idea as soon as we break this leading diagonalบันทึก
Bare Minimum Wave 3 has to reach $606.บันทึก
Micro-Wave Sequence complete.Sell and buy back at Wave 1 Terminal.
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Waves are like Russian Nesting Dollsบันทึก
Trade opportunity! If you do not want to trade the correction, place a firm stop just under the beginning of Wave 1
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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.บันทึก
Wave 2 Corrections are usually in the ZigZag Formation (5-3-5).บันทึก
This is where you would sell...Watch out for the extensions...
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Price-Action Broke 1.236 LevelWatch 1.382 and 1.618 Next...
Looks like the 5th Wave Extension is not over.
Are the shorts starting to cover?
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Fib Spiral Intersections are Key.Green Circle shows two Fib Spirals intersecting...
This is how I read Fib Spirals...
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Looks like Major Rally is Straight Ahead...บันทึก
$562 level is still pointing out to me...บันทึก
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.บันทึก
Above: S1 & S2บันทึก
Counting Waves is an Art not exact science...บันทึก
ZigZag Correction should be ending now...บันทึก
Above: Extending Higher Degree Wave 1 Not HIGHEST DEGREE (Still in larger WAVE 3)
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Here is Wave 2 Bottom.Now we are going higher...
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Above: Sub-Wave Sequenceบันทึก
Above:Added Extension Trigger
Added Wave Sequence
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5th Wave was Normalบันทึก
Correction should be ending momentarily...บันทึก
Correction was FLAT (3-3-5)บันทึก
Prepare for the ‘Big’ move...These levels will likely not be seen again...
Buy what you can here.
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Will update shortly.บันทึก
Wave 1 extended then pulled back...Stop Triggered.
Opportunity to pick up more BCH.
Analysis still stands.
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Wave 2 came down in a 3 wave sequence which implies a Flat Correctionบันทึก
Wave 2 Correction Completeบันทึก
6HR ViewAdded Fib Extension (1&2)
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Wave C needs to complete 5 Sub-Waves in order to be complete.บันทึก
Price-Action Update:บันทึก
Breakout imminentบันทึก
Expect Wave 5 to Extend.บันทึก
Above: Fib Time of Wave 1บันทึก
10 mins or so left...บันทึก
Looks like we are going to have a correction sequenceบันทึก
Wave A bottomed in 5 Sub-Waves which tells us its a ZigZag correctionบันทึก
Wave B usually travels back up to the .618 level of Wave A.บันทึก
Wave C is always 5 sub-waves and bottoms between the 1 & 1.618 fib. Extension level from waves A & Bบันทึก
Hypothetical Actionบันทึก
#Slowwalkerบันทึก
Micro-WaveWave 1 is Normal
Wave 3 extended
Wave 5 Normal
Expect higher degree 3 extension
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Look for correction to end near 1.382/1.618บันทึก
This wave (3) should extendบันทึก
Fib extension 1 & 2บันทึก
Wave 3 should pass 1.618 or $442บันทึก
Notice all The Fib Spiral Intesectionsบันทึก
Wave is tends to be a sloppy formationบันทึก
Above: Yellow Box: Failed Wave
Now: beginning a new micro-wave formation
*please excuse typing while on my phone.
Stay the course!
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Above:Teal: Primary Wave - Sub-Wave Sequence
Red: ABC Correction
Orange: Primary Wave 1 & 2
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Above: Hypothetical Actionบันทึก
We have to be getting close...บันทึก
Note the Red Spiral Intersectionบันทึก
Getting really close to breaking out...บันทึก
Tiny Sub Wave 3 beginningบันทึก
S1 & S3 we’re near equality Expect 5th Wave to extend
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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 3บันทึก
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..
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Correction close to endingบันทึก
Price should not go below S1(0)บันทึก
Take emotion out and trust the analysisบันทึก
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!
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You could place a STOP near S1(0)บันทึก
My stop is at $424.89บันทึก
Expecting BCH to takeoff anytime...บันทึก
Analysis is about to be proven correct...บันทึก
Ye o little faith...บันทึก
Last chance to load up on BCH!บันทึก
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.
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$476.90บันทึก
Add Fib Extension to Sub-Wave 1 & 2บันทึก
See the Leading Diagonal?บันทึก
Beautiful Chart Above...Fibonacci and Wave Theory
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Sub-Wave Sequence Completeบันทึก
Ignore stop above.บันทึก
Sub-Wave 3 was Normalบันทึก
Who dumped 5,000 BCH? Stench of Manipulation...
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Higher Degreee has not completely failed...บันทึก
IF we go below 407.65, analysis will fail...บันทึก
Wave 2 CANNOT go below the price area of Wave 1.บันทึก
If Wave Theory is correct we should be ok...บันทึก
Just double checked the Wave counts.บันทึก
Fib Time 5 marks the end of a Wave Sequence (1-5 Waves + ABC Correction).บันทึก
ZigZag (5-3-5) instead of Flat (3-3-5)บันทึก
Analysis Standsบันทึก
I think it is safe to say we are at the Apex.บันทึก
Above: Log Formatบันทึก
It should be getting close to time to tell whether this idea will be proven correct or fail.บันทึก
BCH/BTC HAS BOTTOMED! Been over the analysis many times....we can only go higher...บันทึก
Corrected the Wave Count...Wave 1 Extended
Wave 3 Normal
Wave 5 Normal
Expect higher degree Wave 1 To extend...
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Wave 3 of this Sequence will hit $440 if the theory stands...บันทึก
BCH/BTC will sooner or later be like a rocket launchบันทึก
Should be going higher in approx. 9 mins...บันทึก
2.618 is a level that keeps appearing in my analysis...Likely level for Terminal Wave 3
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Pink Sequence - Hypothetical Actionบันทึก
Do or die time!บันทึก
Will this analysis fail or be right...Just tell me!
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Just to know that I'm not placing the Fib Spiral randomly. Above is the Wave count as I see it.บันทึก
Wave 3 Terminal: $440-438บันทึก
Higher Degree Wave 2 completely finished. Higher Degree Wave 3 is beginning...
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Higher Degree Target:$6500บันทึก
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.บันทึก
Heavy hitters on deckบันทึก
Wait for it...Batters on deck...
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Heavy Hitters...The Rush...
Climax...
Everyone thought it was going lower...
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New idea coming soon...บันทึก
Strong MACD crossoverบันทึก
Breakout imminent...บันทึก
Wall Street money incoming...บันทึก
Wave 3 was Normal.Expect extended 5th.
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Wave Failed....Don't Panic...
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This will start a Wave Sequenceบันทึก
Upside Down ABC Correctionบันทึก
Only used 'ABC' because there is no other '123' SequenceCorrection: 3-3-5
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Ahh so close....Hurry up BCH!
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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.
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99.99% Positive my analysis is correct...บันทึก
Damn, it feels good to be right...บันทึก
New idea will be finished soon...1 hour or so...
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<deleted>บันทึก
New Idea Above!การนำเสนอที่เกี่ยวข้อง
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน