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...
Bitcoin wave count for the next 6 to 12 months According to the count indicated on the chart, probably wave 4 of 3 has been completed and wave 5 of 3 has already started. Probably the target of this movement will be from the range of 82000 to 99000 dollars. After that, the correction will probably start to form the main wave 4, and compared to the main wave 1, we...
It is expected that this currency pair will start to fall after a little growth until it reaches the set limits
Gold looks extremely bullish in the short-term and also in the long-term. 5000 USD or 10000 USSD in the next few years is definitely very likely, but right now let's focus on the short-term price action. We can see that GOLD is in a strong uptrend, and we can use a simple trendline tool to measure its strength. The price respects the blue trendline pretty...
AMEX:SPY April 28,2024 15 Minutes. For the fall 519.47 to 493.86 AMEX:SPY has retraced to 61.8% levels around 519.5 levels. Hence long only above 514-515 levels. For the rise from 493.86 to 509.88 AMEX:SPY need to hold around 500 levels. For the last rise 497.49 to 509.88 $ AMEX:SPY need to hold 502 levels. Therefore, a retrace to 500-502 levels will...
Elliott Wave Analysis of HCLTECH In this analysis, we will examine the Elliott Wave count of HCL Technologies Limited (HCLTECH) and provide insights into the current wave structure on various time frames. This is purely for educational purposes and should not be taken as investment advice. Monthly Time Frame: Bigger Wave I and II: HCLTECH has completed its...
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Hi traders, Last week XAUUSD did exactly what I've said in my outlook. It made another drop to finish the bigger correction down. After that it went up very corrective. So for next week we could see another drop to finish a bigger complex pullback. Let's see what price does and react. Trade idea: wait for a clear direction to trade. At the moment it's not...
I choose this coin because its one of the few thats available with most (fiat) brokers and not needing a direct crypto exchange/wallets. A cool part of my wave system is expecting fractal growth (in either direction) but if we're seeing actual growth in that market, the first rule of my trade plan is to identify the major correction or a standard Elliot Wave ABC...
Hi traders, I was right again with my outlook last week. EU finished the correction into the weekly FVG and after that the orderflow changed to bearish and it started going lower. For next week I think this drop for EU will continue to take out at least the swing low. Trade idea: Trade intraday sells after the finish of a correction up and a change in orderflow...
This count has primary wave 1 peaking in October 2007, wave 2 a zigzag down to March 2009 low, wave 3 peaking in September 2018, wave 4 an expanded flat bottoming in March 2020 (COVID-19 low), and wave 5 peaking in January 2022. This would complete a full impulse from ATL to ATH. After January 2022 (which would be wave 2 of largest degree), I have what looks like...
Some major fractal waves completing here if we're to continue short with a valid ABC corrective wave back up here and its sub-waves (WXYXZ). With a few "red folder news events" coming out this week I actually really like this idea or something like it playing out, with some typical sideways/consolidating price action. With a long term bias of lower, these news...
Hello traders, Bitcoin has made its first 5 waves, now it's time for the abc waves. This is the exact move I'm expecting in Bitcoin, traders. PS: Thank you very much that you support me with your likes and Comments If you have another analysis at this pair, please share in comments, I will be glad to discuss with you. Thank you for considering my analysis and...
EURAUD is completing a purple wave e, which is a downtrend in the 4-hour time frame, and is expected to continue its downward movement with volatility.
Soon to come out of consolidation t1 ATH t2 1.618 level sl 0.786 level
By LTR I mean long term risk and that risk is managed at most (will definitely be less than) at the "wave structure violated" level marked in the idea. What makes this a great trade is because we have completed the sub-waves that would be needed for this to rally long term from here, they are harmonic and all within my trade plan, we have the deep retracement...
I call this "aggressive" because we dont have that typical deeper retracement (ABC corrective wave) here but a flat correction, which i have labelled WXY.