📉Hi Traders, Investors and Speculators of Charts📈 Dogecoin was one of my TOP altcoins to watch for 2024. (Find the others here): Doge has been following an interesting pattern recently in the daily timeframe - Elliot Waves. We see the 5 impulse waves up (wave1-5) followed by the abc correction waves. Then we have a period of range bound trading finally before...
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Hey guys, Cryptos are bullish no doubt, but I am just wondering if 70k on bitcoin, will be strong resistance in the short-term, now when NVIDIA is coming down a bit. I see nice support for NVIDIA near 800. Not sure if we will see this level, but it looks like that correction on stock is not finished yet, so possibly there will be a delay on new break higher on...
Here is the market outlook on Gold (XAUUSD) for next week. It is a clear projection of what is mostly likely to happen on Gold from 25th March to 29th March. In monthly timeframe price has tried to strongly push to the upside near the dynamic resistance level but by the end of the week strong rejection happened. This is a clear indicator of a possible retest of...
The peak for Bitcoin is already made based on: 1. 5 wave structure 2. 2 Fibonacci Extension levels
As I've drawn on this chart, we have seen 2 days of high volume down days and there is a breaking of the trend line on Friday. I expect the coming week to see a wave 3 down move that will minimally see SPY at 498.
This current dip on GALA will be the last best buying opportunity for it's current trend. Crypto is famous for running flat corrections that make higher highs and higher lows. In fact, it's the most popular type of correction in all bull markets. These types of corrections leave traders chasing after price as they are uninformed on how to take advantage of...
Here is the market outlook on Gold (XAUUSD) for next week. It is a clear projection of what is mostly likely to happen on gold in five days of the coming week. In monthly timeframe price has managed to strongly break above the resistance where price was rejected several times in the past. Mostly expect to see price retesting the broken level either this month or...
📉Hi Traders, Investors and Speculators of Charts📈 As I always joke, Litecoin is still in prison... meaning that LTC hasn't been able to break out of long term accumulation yet. This however is A GOOD SIGN for traders because: 👉 Low risk entry 👉 High reward trade 👉 Another chance at accumulation I'm still watching this fractal and patiently waiting for the...
Update that I expect SPX, SPY to crash on Monday for more than 100 or even 200 points.
We might see some pullback in gold and one more high is anticipated for the 5th of A or 1. 2024 is the year of gold.
The correction of wave 4 is willing to be revealed. Though there are certain Invalidation level, Below 0.5 Fibo retracement is less likely to be wave 4. When analyzing wave corrections, Fibonacci retracement levels are commonly used to identify potential support or resistance levels. The 0.5 Fibonacci retracement level is often considered a critical point, as...
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short? PULL BACK is so close. Final 5th wave of 3rd might be still pending, still not sure about the move. if not the final 5th of the 3rd. we can see some consolidation for the 4th wave.
This is an update to my previous analysis where I mentioned that I am expecting an ending diagonal. Based on the low set yesterday, I am expecting 2 different entry points for shorts: 1. If price hits the upper trendline around 6th Mar (Wed) close or 7th Mar (Thurs) opening. 2. If price falls below 5056. I also mentioned the inte-market analysis using the 10...
We are looking at wave (3) in the higher time frame. Wave 1 of wave (3) could be finished or we had a relatively short wave (3). This is unclear for now. We reached the limits of the bearish scenario, we need to see downside from the current level.
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. This results in two possibilities: we are now working on a wave ((3)) or we are close to finishing a wave ((1)).
Here is the market outlook on Gold (XAUUSD) for next week. It is a clear projection of the possible market movement in five days of the coming week. I monthly timeframe we see price is moving in a sort of sideway movement for around four months consecutively. But the March candle has opened with a stronger bullish momentum that may possibly take price out of the...