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Correctivewave

BTC bottom in or more blood?BTC looks like it hit a bottom after LFG cleared out its $BTC reserves to defend its stability. The momentum indicator if continues to curl up may produce a bullish momentum div, not yet confirmed. BBWP reading about to top out, no confirmation yet either upon crossover of its MA. EWT corrective target hit ~$30.7k from 1.272 fibs measured from late Jan. bottom to late March top. Not to mention we've hit the bottom of a fork There are risk factors of this idea not playing such as: BTC continues to correlate with trades/sp500 and drops alongside it as QT continues, and interest rates get risen from the fed. BTC has not retested the 200W MA Cyber security risks w/ regard to complete shutdown of power grids mining BTC and hosting/running many DeFi/L1/L2 services, with nations like RU/CN engaging in non-kinetic warfare. We've already seen RU disconnect intercontinental cables in the Atlantic. As the EU holds out on gas during winter, we could see more desperate measures/retaliation through new avenues in 5th Gen. warfare . Shanghai lockdown fails to prevent the spread of bird flu , potentially inducing another global lockdown If the trade does get stopped out, the next areas of interest for entry would be 23k if we close under $29.2k on the daily, invalidating bull impulsive Elliott wave since late June. The on-chain bottom is ~$27k, and 200W MA is ~$21K, both are also entries in the event of an invalidation. Trade: Entry:$30.7k SL: $26.6K TP: Hull MA ~$36k, ABC PoC ~$39k
BITFINEX:BTCUSDLong
by linebands
CRYPTO market updateIf you watched the previous BTC and US30 multi timeframe update you will know we are now expecting a weekly corrective move in global markets✅ Historically during bear markets we tend to see the strongest rallies, and I expect no difference here. If we are to finally see this bullish corrective wave there are many ALTS that provide good opportunities for some short term SPOT SWING TRADES with decent ROI. IF the market follows my projection and makes this corrective move DONT get trapped in the hype that will follow if price climbs back up to 35k, as everyone will be screaming that the bear market is over. This is not the case by any stretch.
Long
by ITSCRYPTO1
2
Zoom will bounce and continue on down! This is what I think will happen with zoom over the next few weeks. We will continue to bounce from here and potentially hit my identified reversal zone. Look at my blue and yellow fibs there for confluence. My purple fibs are my elliott wave projection fibs which are currently estimating A=C. wave C could easily head to the purple 1.618, at which point we would keep an eye out for them heading to the next support zone. **(I am not sure why Trading view squeezes my chartwork together after I submit it as a public post, but you may have to decompress the x axis to get a better visual)**
NASDAQ:ZM
by Taco0o0o
1
What we know and what we can't proveTrying to gauge the current wave is a tad taxing. We know Supercycle 1 ended at the beginning of 2022. This is followed by Supercycle wave 2 which is composed of an ABC corrective wave. The question is are we in the early stages of wave C and about to end Supercycle 2, or are we in the middle of wave A with plenty of plummeting ahead? Historics would have Supercycle 2 end 49, 95, 104, 125, or 128 trading days after it began. Wave movements in the past 4 years have been getting quicker and more volatile which would point to a quicker end, but would these be the shortest wave 2 in relation to all other waves? Unlikely, but possible. If we are in early wave C or early wave 3 (still in wave A) we should see drastic downward movement this week. I will re-evaluate if neither one of these pan out. The blocks under my red arrow contain the early estimates of where Supercycle wave 2 could end. The maximum length would have been 49 days. The lighter blue arrowed blocks contain my current estimates if we are in early wave C. These boxes should be met no later than February 17-28. The other option is we are in the early stages of wave A's wave 3 which would see a bottom in a few more weeks followed by more major up and down swings. I do not like this scenario simply because Supercycle 2 would not end for a few months with a likely bottom below 3000. Historics says this level is way too low which is why I do not think Supercycle 2 will be prolonged. We will find out where we are by the end of February and if we can touch all-time highs again by April/May.
SP:SPXShort
by StockSignaler
EURUSD Correction Bearish ContinuationWelcome back! Here's an analysis of this pair! **After breaking a strong key support level (now turned resistance), we expect EU to correct back to the level and continue bearish sentiment. The highlighted resistance is our preferred level to short once our entry rules are met. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
2
AUDUSD BUYWelcome back! Here's an analysis of this pair! **After the strong bearish impulse move, it appears that banks have taken out liquidity at support (6970) and we can expect a bullish correction to follow. Recommended stop away from structure level or 1-2% of your total account balance, tp's 7015, 7035, potentially 7080. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
2
$RELI – SI 183%Reliance Global Group, Inc. engages in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides healthcare and Medicare, personal and commercial, trucking and transportation, and employee benefits insurance products. The company was formerly known as Ethos Media Network, Inc. and changed its name to Reliance Global Group, Inc. in October 2018. Reliance Global Group, Inc. was incorporated in 2013 and is headquartered in Lakewood, New Jersey.
NASDAQ:RELILong
by BADQOMOCAWGOWLD
NZDCAD Rejecting Support AreaWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! **It has reached a previous weekly level last visited May 2020 and rejecting. It appears the weekly bearish impulse has completed, and a long correction will begin from the current support. Do you agree? Let us know your thoughts in the comments! Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy