following eliot impulse wave. we calledd tthe 34k in our bitcoin to fat return looking at some fib extension. witth the pulse to the 41K level, a retracement should take place (and might already had started) wave 2-4 tend to bounce of fib level. taking in count the fam around it and the fomo comming in the market we have a nice short opportunity.
The idea is that we are reaching the end of a triangle that forms a B wave of a w2 retracement of a higher degree. 10:1 might be to risky for some, but with the right PA it's possible. We should drop to around the high volume node to finish the retracement before continuing upward. Good confluence with golden zone for W2 retracement and high level node. Wait...
Since ATH we saw a nice impulse wave to the south, now a typical 3 wave correction. Bitcoin had multiple weeks of bullish movement, a 4-day correction may not be sufficient enough to cool down the price action a bit. It May take a couple of weeks to reach the support level, but it is nothing unusual, during the last bull run the corrections took between 12 and 25...
Hi traders, as you see GBP index is about to complete that running flat, so nice wave to the downside is expected there. It will probably correct on lower tf for that last push to the upside, i see price retesting that trendline and fib 0.618. Dont rush, wait for price to complete that pattern and confirm that drop first! After that i will be looking for price...
This could be a bullish option for BTC. Wait for a good entry signal and ride 1 or 2 waves up. Check other idea for bearish option. This is not financial advice.
Eliott Wave Theory Technical for BTCUSD. Looks like we could be entering a W3 of a downward trend. Subdivisions of the waves look valid. This is not financial advice.
Hi traders, i was expecting price to push lower but that didnt happend and price reversed back. Im still with my analysis from few days ago when i said that there is high possibility that price will go and retest upper trendline on that running flat pattern. Price can still just drop at any moment, thats why im having trendline there to notify me if price will...
After price came down to the expected level of a 4, expecting an extended 5 wave to go to cca 15eur. RSI also shows almost oversold market.
Fire and Flower Crazy Potential Take profits and minimum eliott wave targets. Epic gains if this plays out. Fundamentals are strong since ATD.B is behind them. / Fire and flower a un potentiel de malade! Mes take profits et mes minimum du eliott wave. Gros gains possibles. Les fondamentaux sont solides puisque Couche-Tard est derrière eux! Video...
Hi, yesterday we had nice rejection which is our impulse for downside movement. Price is currently moving in the flag pattern which needs to be finnished by one more high (C wave). Price might stop at 0.618 around 30450, but im more for price to push higher to 0.786 around 30600. I expect price to form H&S there which is marked, and then drop. Anyway nice wave...
Hi traders, price is curently moving in runing flat pattern and i expect nice reverse on US30 but momentum is still strong so I think that we can first see retest of trendline and new all time high around 31500. Anyway i put trendline there so if price will reverse sooner i will know. Wait for price action on lower tf before selling, becouse buy momentum is still...
Hi trades, Can we see a bigger correction before price pushing higher? Medium term sell setups and long term will be buy.
Hi traders, since we expect dxy to continue moving to the downside, I expect price to push higher on EU. We are having ascending channel on 4h, and insde that channel there is runing flat for buy. I expect break of previus high around 1.2538 (i will update below higher tf picture for better understanding). Anyway im not sure that we will see that push this year,...
Hi traders, dxy is gaining some power and i excpect that it will make one more push to the upside before reversal. Price might reverse at 0.618 if not, then i will watch 0.786. But for me this looks like runing flat at the moment, so price shouldnt break previus high in that correction. If it will then we can expect expanded flat. This move to the upside should...
Hi traders, I think that we might see one more push to the upside on GBP before reversal. I want to see price to made some price action for buy, it might bounce from trendline. I see gbp index to push bit higher. Around upper trendline where i expect reverse its even daily SMA line which can nicely push price lower from that point, and there will be abc flag...
- Continuation of Uptrend - ABC correction completed - Funding flat
Hi traders, as you see US30 is forming ending diagonal, and inside that diagonal we have rising wedge pattern which can reverse, but if that rising wedge wont hold price, then we can see retest from upper trend line on ending diagonal. Anyway i expect nice sells there! I wish you great holidays and stay safe! Good luck to everyone!
I prefer following a 3-hour time frame to understand the larger trend of the stock. BPCL has completed its wave 2 and its preparing for wave 3 already. Price conformation over 410. Long term trendline breakout at 410 and its currently respecting its fibbo levels. Price targets are around 521-540 next move :) The trendline needs to be respected for this view...