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Elliott Wave

GOLD → Retest 4000. Pullback before a breakout and rise to 4100?FX:XAUUSD , after a sharp sell-off and testing of the 3950 support zone, is aiming to return to the $4000 level on Friday, preparing for its eighth consecutive week in positive territory. The Senate adjourned for the weekend until Tuesday, postponing a decision on the shutdown. John Williams supported further rate cuts, Mary Daly confirmed her readiness for cuts, despite the fact that Powell did not say anything particularly interesting about policy on Thursday. The upward trend in gold remains unchanged. The potential for growth to new highs remains, provided the shutdown continues and the Fed maintains its soft policy. The $4000 level remains a key psychological support. Resistance levels: 4000, 4059, 4075 Support levels: 3986, 3980, 3968 The 4000 zone may prove to be strong resistance, so expect a battle (consolidation or trading range in this zone), during which the price may form a pullback to 3980-3970 before returning to 4K for a breakout attempt. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
15
LTCUSDT → False breakout of resistance...BINANCE:LTCUSDT is forming a distribution pattern after local consolidation. The price is testing the resistance zone and forming a false breakout, but there is a but. The cryptocurrency market is in correction... Bitcoin looks quite weak at the moment, forming a correction and local consolidation before a possible continuation of the decline to 117-116K. The local pump in LTC may end in an aggressive decline if the price closes below the key resistance level. Manipulation (false breakout) relative to resistance. Against the backdrop of a weak market, LTC is forming a rally, which may be a sign of a local trap before a drop to the break-even or liquidity zone (124.1 - 115.3). Resistance levels: 132.0, 134.2 Support levels: 124.14, 115.36 A false breakout of resistance, while the entire altcoin market is declining, looks like a hunt for liquidity before catching up with the main market. Accordingly, confirmation of a false breakout of the resistance zone could trigger a drop in LTC. Sincerely, R. Linda!
Short
by RLinda
11
BITCOIN → False breakout of the all-time high zoneBINANCE:BTCUSDT is rising amid the US government shutdown and testing the all-time high zone and resistance at 123.3K - 123.7K. A false breakout has formed and the market is moving into local consolidation. The price is reacting aggressively to the retest of the uptrend support. A rally is forming, and Bitcoin is testing the ATH zone. As part of the distribution (14% rally), the price reaches an important resistance zone, behind which lies a liquidity pool - 123.3K - 124.5K. However, the growth ends with a false breakout and subsequent price consolidation in the sales zone. To break through such a strong zone, the market needs significant consolidation, which is currently lacking, and the news that caused the price to grow so strongly has already partially exhausted its potential. Thus, the market may move into consolidation, correction to accumulate potential, or wait for the next bullish driver. Resistance levels: 123.3K, 123.7K, 124.5K Support levels: 119.2K, 117.8K I do not rule out the possibility of a retest of 123.7 - 124.5, but technically, on Friday, the market began a sell-off (profit-taking), forming a sufficiently long shadow on the daily candlestick. In the medium term, I expect a correction to the local break-even and imbalance zone of 119K - 117K before another attempt at growth is made Best regards, R. Linda!
Short
by RLinda
24
SPY potential bounce target (Fib / Trend Line)What a morning we had, I wish I would have caught the entire wave down, I did not expect a drop like this to happen, I was only able to capture maybe 20% of the drop in my short. Overall not a bad day. Usually after a drop we look to re-enter for a long. In order to avoid catching a falling knife, we are looking to break down out entry for long into 2. 1st Entry, right at the yellow support line, around 655.xx to 656 We would like to see a bounce then retest the yellow line and entry on the 2nd bounce. 2nd Entry would be at the Fib Level 0.382 I use E-wave pattern as a reference + fib retrace/ext to gauge most of my entry. My biggest fear with this trade is that the pattern that I am expecting to happen end up finishing in ES before the market open on Monday. So instead of buying 2 weeks out contract, I am going to buy calls closer to 4 weeks expiration in case I am wrong or ES movement on Sunday and I ended up missed out the entire structure. TL:DR Enter 1st long at $655.xx If we dropped below $655 2nd Long is at 0382 FIB / $683.22 I will probably stop out if it dip below 0.5 FIB I am not ruling out the possibility that we will go down further than 683.22 and head to 0.5 Fib or even 0.618 Fib. As always trade with caution, always have a stop loss to prevent blowing up account.
AMEX:SPYLong
by polarity
Cryptoc Price Prediction: BTC, ADA & Crypto – European WrapIn the European trading session, the cryptocurrency market displays mixed dynamics, with Bitcoin (BTC) stabilizing near $124,000 after a recent all-time high of $126,199. Cardano (ADA) trades around $0.81, approaching $0.90 amid bullish on-chain activity, while broader crypto trends show cautious optimism. This wrap analyzes price action, key drivers, and short-term predictions for BTC and ADA, alongside European market influences like MiCA regulations. Position for potential rebounds with data-driven insights. Bitcoin (BTC) Price Prediction: Holding $124,000, Eyeing $130,000 Bitcoin trades at $124,000, up 0.8% from the session open, recovering from a 2% mid-week dip. Strong US ETF inflows of $757 million—the highest in recent months—absorb selling pressure, with BlackRock’s IBIT leading at $366 million daily. On-chain data shows whale accumulation up 15%, with net realized profit/loss (NRPL) at 3.48 million ADA equivalent, indicating reduced profit-taking. RSI at 57 signals neutral-bullish momentum, with a bullish MACD crossover (+0.15) targeting $130,000 (5% upside). Fibonacci support at $120,000, resistance at $127,000. MiCA’s stablecoin rules boost BTC on-ramps, correlating 0.8 with Nasdaq. Prediction: $123,500–$128,500 today, average $126,000. Bull case: $150,000 by year-end on ETF growth; bear case: $115,000 on FOMC surprises. Cardano (ADA) Price Prediction: $0.81 Support, Targeting $0.90 Cardano (ADA) at $0.81 is down 1% daily but up 7% weekly, reclaiming $0.80 after a 3.26% pullback. On-chain NRPL dropped to 3.48 million ADA from 13.98 million, signaling declining profit-taking and rising retail demand. Derivatives show a 1.15 long-to-short ratio, with whales extending buys. RSI at 58 (bullish) and MACD (+0.12) target $0.90 (11% upside). Fibonacci support at $0.72, resistance at $0.85. MiCA compliance enhances ADA’s cross-border appeal, with 20M active wallets. Prediction: $0.79–$0.85 today, average $0.82. Outlook: $1.00 soon on network upgrades; risks: 5–7% dip on altcoin fatigue. Broader Crypto European Wrap: Altcoin Rotation and MiCA Impact The European session saw altcoin rotation, with Ethereum (ETH) up 3.5% to $4,613 on $1.3B ETF inflows, and Solana (SOL) at $181.76 (+3.6% weekly) amid TPS upgrades. MiCA’s stablecoin licensing stabilizes USDT/EUR pairs, correlating 0.7 with Nasdaq. Sentiment is 71% bullish, with $10B monthly crypto betting volume. Risks: U.S. shutdown delays 90 ETF approvals, freezing $10B inflows, potentially causing 2–3% dips. On-chain: whale activity +15%, volume +20%. Trading Signals: RSI and MACD Based on recent trends: BTC ($124,000): RSI at 57. Bullish MACD (+0.15)—target $130,000 (5%). Support $120,000, resistance $127,000. ADA ($0.81): RSI at 58. Bullish MACD (+0.12)—target $0.90 (11%). Support $0.72, resistance $0.85. Overall: RSI 57–58 signals buys on dips for 5–11% gains. Risks: ETF delays (2–3% dip); hedge with USDC. Conclusion: Seize European Crypto Opportunities BTC at $126,000 average and ADA at $0.82 signal strength, with MiCA driving altcoin rotation. RSI 57–58 and bullish MACD suggest 5–11% upside—buy dips for breakout gains. What’s your crypto pick? Comment below! #BitcoinPrice #CardanoPrice #CryptoPrediction #EuropeanWrap #TradingSignals
CRYPTOCAP:TOTALDEFILong
by HCN-News12
Rising Diagonal Pattern Near CompletionAUD/USD Elliott Wave Analysis – Rising Diagonal Pattern Near Completion Overview The AUD/USD pair has formed a clear ending diagonal pattern, signaling potential exhaustion of the current bullish trend. This structure, often seen at the final stage of an impulse wave, suggests that a corrective phase may soon follow. The diagonal appears complete with all five internal waves labeled (I-V), indicating that the market might be preparing for a deeper pullback. Technical Analysis According to the Elliott Wave structure visible on the 6-hour chart, AUD/USD completed its fifth and final wave near the 0.67 region. The wedge pattern is now narrowing, with bearish divergence hinting at weakening bullish momentum. Wave Structure: Wave I started the diagonal formation, initiating the rising trend. Waves II and IV acted as corrections, forming higher lows. Wave V extended slightly but failed to make a strong breakout, suggesting exhaustion. The price currently trades near 0.6560, with a potential retracement zone between 0.6450 and 0.6500. This range coincides with a strong demand zone and the lower boundary of the diagonal pattern. A pullback into this area could complete the corrective (A)-(B)-(C) structure before the next major directional move. Key Levels Support Zone: 0.6450 – 0.6500 Immediate Resistance: 0.6650 – 0.6680 Breakout Confirmation: A sustained break below 0.6450 could confirm the end of the diagonal and open the door toward 0.63 in the medium term. Invalidation: A breakout above 0.67 would invalidate the bearish correction scenario. Market Outlook The diagonal’s completion suggests that the pair may enter a short-term correction phase. However, traders should monitor price action near the support area before confirming the next trend direction. If buyers defend the 0.6450 zone, a rebound toward 0.6650 is likely. Conversely, a clear break below the wedge would strengthen bearish momentum. Given the overall wave count, the market is likely in transition between an impulsive and a corrective phase. Patience is crucial at this stage, as the next few sessions will determine whether the larger uptrend resumes or a deeper retracement unfolds.
Short
by CakirInsights
Dash Is Waking Up Strongly As AnticipatedWe talked about the bottom formation on Dash back on August 11, where we mentioned and highlighted that it's recovering from June lows out of the downtrend channel, which suggested that the impulsive decline from the 2024 highs has ended. Dash is now in a massive rally, waking up strongly, so it's most likely in wave 3 of a five-wave bullish impulse that can extend the price even up to 70 area, we will just have to be aware of wave 4 pullback around 50-55 area. ALTseason can be here. Can other ALTcoins follow soon? Dash is a cryptocurrency launched in 2014 that focuses on fast, low-cost payments and privacy. It uses a two-tier network with miners and “masternodes” to enable features like InstantSend (near-instant transactions) and PrivateSend (optional privacy). It started as a fork of Bitcoin.
KRAKEN:DASHUSDLong
by ew-forecast
BTC/USD ANALYSISBitcoin is currently sitting in a strong demand zone, a beautiful area that could trigger a new ATH (All-Time High). According to my analysis, we’re now in the final wave of wave 5 in the Elliott Wave structure. This phase could mark the end of the bullish cycle, with one last strong push to a new high before a major correction takes place. 🎯 Likely scenario: Short to mid-term bullish continuation New ATH possible from this zone Then a significant drop once wave 5 completes 🕰️ Patience and risk management — the last wave often traps the market.
by SNIPERSTN
Yen Slips as New Fiscal Policies Emerge:GBPJPY Watching 203.900!Hey Traders, In today’s session, we’re monitoring GBPJPY for a potential buying opportunity around the 203.900 zone. The pair remains in a broader bullish structure, and price is currently in a corrective phase, approaching a key trendline and support confluence near 203.900. On the fundamental side, Japan’s latest election outcome brought a notable shift — a fiscally loose administration expected to keep stimulus running while maintaining pressure on the Bank of Japan to avoid tightening. This mix of expansive fiscal policy and dovish monetary stance could continue to weigh on the Yen, offering support to GBPJPY upside momentum in the short term. Trade safe, Joe.
Long
by JoeChampion
17
Gold Roadmap After Breaking $4,000 – What’s Next?Gold ( OANDA:XAUUSD ) continued its bullish momentum at the start of the week and even seems to have broken through the key psychological resistance at $4,000 . Let me first point out that when an asset reaches a new All-Time High (ATH) , Technical analysis tends to become less reliable since there’s no historical price data above that level. However, we still do our best to analyze the market using the available tools . Currently, Gold is moving near the upper lines of ascending channels and within the Potential Reversal Zone(PRZ) . From an Elliott Wave Theory perspective , it appears that gold is completing Wave 3 , given the strong momentum it has shown. That said, Gold likely needs a correction before continuing its uptrend. This pullback could first test the Support lines(First Target) , and in the next stage, possibly reach around $3,963(Second Target) . Stop Loss(SL): $4,109 Please respect each other's ideas and express them politely if you agree or disagree. Gold Analyze (XAUUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
13
Bitcoin Roadmap Before FOMC Minutes – Correction or New ATH?Today, we have one of the most important macro events — the FOMC Meeting Minutes Let’s quickly understand what it is and why it could shake the crypto market What are FOMC Minutes? They’re the detailed notes from the last Federal Reserve meeting, showing what members discussed about interest rates, inflation, and the economy. Markets carefully read every line to find hints about future rate cuts or continued tightening. Why does it matter for Bitcoin? When the Fed turns dovish (hinting at lower rates), risk assets like Bitcoin usually rally But when the tone is hawkish (worried about inflation), investors move to cash or bonds, causing crypto to dip. Let’s take a look at Bitcoin ( BINANCE:BTCUSDT ) on the 4-hour timeframe . Before analyzing the chart, let’s quickly review what defines a strong uptrend : 1-Higher Lows(HL): Each new low should form above the previous one, showing that buyers are stepping in earlier each time. 2-Higher Highs(HH): Each new high should be higher than the last, confirming that bullish momentum is still in control. 3-Structure Respect: The new low should not break below the previous high — if it does, it doesn’t necessarily mean the trend is over, but it indicates a weakening of the bullish structure. Based on the points above, Bitcoin failed to form a new Higher Low(HL) during the past 24 hours, and the previous high was retested . These signals indicate a loss of bullish momentum, suggesting that we might see at least a short-term correction from a technical perspective. Bitcoin has already started to bounce back nicely from the Potential Reversal Zone (PRZ) and is currently trading in a Heavy Resistance zone($124,474-$117,900) . In terms of Elliott Wave theory , it seems that with the formation of a Lower Low(LL) , Bitcoin has completed at least a series of impulsive waves , and we can now expect corrective waves . I expect Bitcoin to drop to at least Cumulative Long Liquidation Leverage($120,779-$119,957) before the FOMC Meeting Minutes start and could continue to rise or correct depending on the tone of the FOMC Meeting Minutes . Note: You should note that these days, Bitcoin has a higher correlation with the SPX500( SP:SPX ) index than before, so if there is a sudden movement in Bitcoin, one of the reasons could be a sudden movement in the SPX500. Do you think this bullish move could lead to a new all-time high (ATH) for Bitcoin again!? Cumulative Short Liquidation Leverage: $124,350-$123,244 Cumulative Short Liquidation Leverage: $126,813-$125,000 CME Gap: $111,355-$109,915 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analysis (BTCUSDT), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
17
Is Altseason About to Begin?The market structure suggests we’re currently in wave C of the second corrective wave (2) — and it looks close to completion. A potential ending diagonal and bullish divergence on momentum indicators signal exhaustion among sellers. At the same time, Bitcoin dominance is testing a key resistance zone — a level where liquidity often starts rotating into altcoins. 📈 If the current low holds, we could be witnessing the early stages of wave 3 — the impulsive phase where altcoins usually outperform Bitcoin. 🟢 Base scenario: Correction ending → beginning of a new bullish phase 🔴 Alternative scenario: Breakdown of the current low → completion of a W–X–Y structure
CRYPTOCAP:BTC.DShort
by CryptoPilot
2