Bitcoin Cash with ticker BCHUSD made a strong recovery back in July of 2023 which might be wave (III) because a slow down from $330 is overlapping, thus it can be a correction, so ideally that's a wave (IV) retracement, meaning that uptrend for wave (V) can still show up on a daily chart with space up to 400-500 area. We are actually tracking a bullish triangle...
Japanese Yen has been very weak since start of the year, but we can see a three-wave A-B-C corrective decline on Japanese Yen Futures chart, which can be now completed by current sharp reversal up above important trendline. So, we believe that Japanese yen may now face a recovery in the upcoming days/weeks, maybe months, just be aware of short-term pullbacks.
US Yields have topped back in October 2023 with sharp leg down, which is from Elliott wave perspective first leg A of a deeper A-B-C decline that can send the price back to the former wave 4 area to 3.25% - 2.5%. At the same time, we can see USdollar Index - DXY also turning down due to a positive correlation with Yields, we just saw some divergence in...
Treasuries are trying to recover after making some nice and deep pullback in last few months as FED decided to wait on more economic data before they may finally cut rates. The pattern on 10 year US notes is looking bullish here after that impulse up since Novemeber, seen as wave (A), so obviously this tells us in which direction market can move after a...
Good morning Crypto traders! Crypto market slowed down yesterday with an interesting spike down into important support area for a higher degree wave 4, from where we can see a quick stabilization. Well, we believe that more upside is coming for wave 5 of (3), just be aware of more complex wave 4 here if the market stay slow and sideways for a longer period of time.
ALTcoins are still dominating in the Crypto market. Looking at TOTAL3 crypto market cap chart, which excludes Bitcoin and Ethereum, we can clearly see a bullish pattern. After a complete complex W-X-Y correction in wave (4), we can now see an impulsive minor five-wave recovery, which can be first wave 1 of a higher degree wave (5), so after a pullback in wave 2,...
Hey all. Markets can see some volatile price action today, because of the release of FOMC minutes, when investors will look for any new details or change in tone regarding FED's policy. But then, after the US close speculators will be focused on Nvidia earning reports. This data can be important, not only for stock it self, but also for the technology sector and...
Hey guys, Crude oil came down recently, which can help inflation to come down as well if energy market will continue to decline. In fact I see nice bearish pattern, so my assumption is that US yeilds and USD can be trading at resistance. In this video I will also look at the chart of the 10 year US yeilds where I see greater chance for a drop to 3% rather than...
Crude oil made only three waves up over the last few weeks, which indicates for an A-B-C correction within downtrend. It actually retraced into golden 61,8% Fibo. and 80.00 area from where market turned down and now pointing lower, possibly back to the 2023 lows if the channel is broken. So, energy can see more weakness as latest latest 4h structure looks bearish...
Nasdaq100 is in strong bullish trend and there can be room for more upside within a projected intraday five-wave bullish cycle. Nasdaq100 futures recently slide as Alphabet shares drop on disappointing Google ad revenue. However, that's pretty nice textbook 17300 - 17200 support area within an (a)-(b)-(c) correction for wave "iv", so ahead of today's FED meeting,...
Cable has seen some nice recovery at the end of 2023; move that is looking impulsive so more gains can be seen after the corrective retracement that is now underway. Ideally, that's wave four correction, a higher degree pullback that can sooner or later send prices back to the highs, possibly already now after first support for a triangle near 1.26 held, but we...
Cryptos are coming sharply lower, after the classical psychological pattern here. There were plenty of traders buying cryptos after ETF launch; and then there is another group that did not book on that big run ahead of the ETF announcement. All of those are now liquidating, making a decline strong and sharp. Looking at the ethereum, price is now now at 2140/70...
USDCAD came sharply to the downside back in November and December of 2023, which looks like an impulse in 4h time frame, so more weakness can be seen until we see five subwaves down completed. Ideally, that's now a wave 4 rally from 1.32 that is already trading into 1.3450-1.350 resistance at the 38.2-50% Fibo., around the former swing low. Ideally market will...
Treasury bond - 10Y US Notes came down a lot in the last two years but this cycle can now come to an end as we can see five waves down into 2023 lows ona weekly time frame. In fact, we also see five subwaves completed within wave (5) on a daily chart after prices recovered and break above the trendline resistance. The move is strong, thus we think that more upside...
Euro turned up at end of 2023, it recovered with a sharp reaction higher up to 1.1 area where pair slowed down and turned lower into a pullback that is now in progress. Ideally, thats wave (A) of a new higher degree correction that can represent even wave 2 so be aware of some more weaknesses or sideways price action, but eventually, new buyers will show up still...
Bitcoin remains at the highs at the beginning of 2024, so we assume that more upside can be seen as recovery is acting like an impulse. As such, be aware of further gains within a five-wave cycle, where we are tracking higher degree wave III up to around 48k - 50k area. Looking at the 4-hour chart, we can see some sell-off after Matrixport’s latest report claims...
ETH.dominance chart is waking up from projected support zone after an (A)-(B)-(C) corrective decline. Seems like ETH dominance is kicking in, as traders bet on possible Ethereum ETF next, so ETH can easily start outperforming other coins, especially if breaks above 20%.
Aussie has been bearish in the first part of 2023, but notice that pair might have completed deeper three-wave decline on a daily chart, followed by a current nice turn-up with higher highs and higher swing lows shown on 4h time frame, where price also recovered out of a big downward corrective channel, connected from 2023 highs. That said, I assume that a...