Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...
The price of Bitcoin is preparing for a final drop to the downside, to 57k per my calculations! The price is still inside this bullish flag formation, and we still need to complete the ABC corrective pattern from the Elliott Wave perspective. At this point, I cannot be bullish at all, just be patient and wait for 57k to be hit before buying BTC! It's also...
FX:XAUUSD is moving out of the sideways range downward. The price is testing 2328 within the framework of correction on the background of news. Earlier, the structure of the bull market was broken, which in general can determine the medium-term potential. “GOLD → Bears win. Downward counter-trend correction ↓” The price is testing 2328, which is actively...
Weekly shows that the wxy correction has erased all RSI divergence and price also stops at the weekly "order block". A high chance that we will reverse from here. Daily shows that the last leg is likely finished with 5 waves in a C wave. A break above the red declining line will increase the odds that the bottom is in. Very likely as it coincides with the...
FX:USDJPY does not pay attention to the behavior of the American dollar. The focus is on the Japanese yen. The currency is in a strong sell-off and continues to get cheaper, while a beautiful set-up is forming on the chart. Rising triangle in the global perspective and in the short term: on D1, on H4 and on H1. A beautiful situation, when the chart lives its...
DOT completed a five wave advance starting in Oct 23 and then put in a high on 14 Mar. Since then it sold off sharply. I suspect we are in wave 4 of c and about to put in an additional low before we can look for an impulsive development on the intraday charts. I'd buy a break above the b wave high at 10.06 (stop under 8.08) , or if new low forms in the next...
According to our Analysis, We are bullish for short time unless untill the structure breaks to the downward direction.The SR SL TP are given on the chart.Its according to the Wave theory.
It seems as we are getting some interesting potential setups as BTC has some difficulties moving above the supply between 67.000$ and 68.000$. Therefore I think we have to "reload" for another push upwards. For this reload I am eyeing the FVG at 65.310$ and the demand below it to hold. Ideally this could be just a wick . down below our range that we have...
Here I have USD/CHF on the Daily Chart! Now we've been following USD/CHF since it created its NEW LOW back in Dec. '23. This LOW I believe sparked the beginning of an Elliot Wave and currently we are looking at what seems to be a possible LAST LEG of this Impulse Move! Price has currently created a HIGHER HIGH @ .90721, so we will be looking for Price to...
A lot of identical setups as we are breaking a lot of bearish structures here. On FTM we have had a Supply Breaker now after it seems we have concluded a wave 4 now. Going to target the imbalances on the way up. Bigger RR on this one, as always take your profits as you wish. Looking for the support of the MDAY-H here and the volume. ✅
I think all magnitude is worked out. Hate to call it, but, it is time. See you all on the moon.
📉Hi Traders, Investors and Speculators of Charts📈 Solana has made some great increases, and it's retraced back to support levels. I've been bullish on Solana since the beginning of 2024, when SOL was still sub $100. Take a look here at other altcoins that we've been watching: By looking at the Drop-and-Pop fractal we've been watching, we can conclude that for...
Price has extended down a little further than anticipated in what I am calling wave iii. You may notice on the chart I have some turquoise labels. These are to show the ALT ways this could be counted. The difference is mostly academic as they both end at the same point. If this is the ideal count, then we should get a retrace higher tomorrow to the high $140's -...
US market is ready for last retracement .... Get ready for roller coaster ride !!! :-) enjoy the fall
Great R/R on this entry I like the potential for a typical "flat correction" here on a larger fractal wave, which i have labelled WXY and its subwaves all good enough to expect a completed 5 wave move (impulse) lower here, highlighted by the pink wave count.
HBAR has both long-term and short-term 1-2 setups currently active. We are in the midst of wave 3 of 3 of C, targeting prices between $0.44 and $0.62 for lower degree wave 3 ( extension could occur), aiming for a long-term goal of $2.24 for Wave C (A equals C). There is a consideration for scaling out at the price targets of the lower degree wave 3 and scaling in...
After successfully surpassing the previous swing high with considerable volume, attaining a fresh 52-week peak of $2.85, and witnessing the 50-day moving averages intersecting the 150 and 200 SMAs, ATAI appears poised for a reversal from its downtrend. **Potential Scenarios:** **Scenario 1: Triangular Consolidation (Orange)** ATAI may undergo consolidation...
Hello friends In the share of PayPal Holding, we see the formation of a clear Elliott pattern. In this share, we see completed wave 1 and 2. There are two scenarios. The first scenario is the 5 Elliot wave mode and the second scenario is zigzag. In both scenarios, we expect the share to grow. If we consider zigzag, we are currently in wave 3 of C, and if we...