Elliott Wave
SILVER (XAG/USD): 12 AUG, 2025 | ELLIOTT WAVE ANALYSISConclusion: The C-red wave may be moving lower.
Bottom line: The C-red wave is pushing down to the nearest target at 37.07 or possibly lower, depending on the price action reaction at that level.
On the other hand, the ALT alternate wave count depicted on the chart is gaining weight. But in the short term, the ALT view is likely to also move to 37.07. Then, if it moves higher above 38.50, it will trigger the ALT scenario.
Invalidation Point: 39.52
©By Hua Chi Cuong (Shane), CEWA-M | Certified Elliott Wave Analysis - Master Level.
BITCOIN (BTCUSDT): 12 AUG, 2025 || ELLIOTT WAVE ANALYSISConclusion: Wave iii))-green is continuing to move higher.
Key Points: Wave iii))-green is extending, and subdividing into wave i)-purple to wave iv)-purple. I am not sure if wave iv)-purple is finished, but it should not move lower than 115,720 (Invalidation Point: Wave 4 should not overlap wave 1).
On the other hand, 118,050.11 acts as a key level that price needs to hold higher, to gain confidence, weight for this view.
©By Hua Chi Cuong (Shane), CEWA-M | Certified Elliott Wave Analyst - Master Level
GOLD (XAU/USD): 12 AUG, 2025 | ElLLIOTT WAVE ANALYSIS©Hua Cuong (Shane), CEWA-M | Certified Elliott Wave Analyst - Master Level
Conclusion: Wave C))-green is moving lower.
Key Points: Wave C could be headed towards 3,322 or lower like 3,267.937.
Alt wave count scenario is gaining weight, but in the short term, it will probably also target 3,322.056. If gold then moves above 3,409.040, it will trigger the ALT count, otherwise it will continue to move lower to 3,267.
-> Key Point: 3,322.056.
$SUI Short term bearish move coming?CRYPTOCAP:SUI is currently testing the daily pivot as support which must hold to keep the bullish count alive.
I have 2 Elliot Wave counts, short term bullish and bearish that I am patiently waiting to see unfold. Long term is still bullish.
The white count suggests that we have printed a micro wave (1) and are completing a wave (2) now at the daily pivot just above the daily 200EMA where price should move powerfully in a wave (3) of 3 upwards.
Alternatively, the red count, wave B of a larger corrective could also be complete at the recent swing high and losing the pivot and daily 20EMA would confirm this. Wave C has an initial target of the triple support 0.618 Fibonacci retracement, daily 200EMA and major support High Volume Node at $3 to complete wave 2 and a secondary target of the alt-coin golden pocket 0.786 Fibonacci retracement and S1 daily pivot at $2.7
The bearish analysis is my preferred count due to the amount of confluence, including the fact we are entering mid August and this move would also push daily RSI back into oversold.
This would set up new long signals so look out for those in the Substack Trading Signals
Safe trading
$SOL Short term Bearish Outlook ?CRYPTOCAP:SOL Solana is currently testing the daily pivot as support which must hold to keep the bullish count alive.
I have 2 Elliot Wave counts, short term bullish and bearish that I am patiently waiting to see unfold. Long term is still bullish.
The white count suggests that we have printed a wave (1) and are completing a wave (2) now at the daily pivot just above the daily 200EMA where price should move powerfully in a wave 3 upwards.
Alternatively, the red count, wave B of a larger corrective could also be complete at the recent swing high and losing the pivot and daily 20EMA would confirm this. Wave C has a target of the triple support alt-coin golden pocket 0.786 Fibonacci retracement, S1 daily pivot and major support High Volume Node at $142 to complete wave 2.
The bearish analysis is my preferred count due to the amount of confluence, including the fact we are entering mid August and this move would also push daily RSI back into oversold.
This would set up new long signals! The asset is in limbo atm, not very impulsive as you would expect for wave 3.
Safe trading
Wave Watch: PENTA Eyes RM5.15- PENTA is in the middle of a 5-wave uptrend — wave (5) still in progress.
- RM5.15 is the projected target if wave (5) extends.
- Current price: RM3.59, showing signs of slowing.
- RM2.89 is the invalidation level — below this, the wave count fails.
- Chart shows possible sideways move before trend continues.
MALAKOF Weekly Chart: Bullish Structure with Key Invalidation📈 Wave Structure Overview
• The chart shows a completed corrective phase, likely Wave A or 1, followed by a clear impulsive sequence: (1), (2), (3), (4), (5).
• Within that impulse, sub-waves 1–5 are well-defined, suggesting a strong Wave (3) extension — typically the most powerful leg in an Elliott sequence.
• The current price action around MYR 0.945 appears to be in the final stages of Wave (5), or possibly transitioning into a larger Wave 3 or C, depending on your primary count.
🛡️ Invalidation Zone
• RM 0.860 marks the Wave 1 level, which Wave 4 must not breach under standard Elliott Wave rules.
• A drop below RM 0.860 would invalidate the current impulsive count, suggesting that Wave (5) is either truncated or the structure is corrective rather than impulsive.
• This level serves as a critical risk management threshold for traders tracking the bullish scenario.
🔍 Interpretation
• The wave count suggests bullish continuation, especially if price holds above RM 0.860.
BTC - 1H Elliott Wave Analysis - 11.08.25Welcome back to our updated Elliott Wave Count for Bitcoin.
Apologizes for not publishing an update yesterday, I caught a cold over the weekend so I wasn't in a good position to do a proper analysis :( We try to post a daily BTC update and occasionally EW counts for other coins too :) Going to try to keep that style up but no promises got to see how it works out.
We have seen a strong move up from our support area as we expected.
Today we got another count on the charts which doesn't mean that the other count (diagonal) we have been discussing throughout the last week is invalid. More on that later this analysis.
In this count we assume that the move up isn't a diagonal but rather multiple 1-2 set ups.
This count allows us to go higher more directly with a strong Wave 3. We got three 1-2's, a green one, a blue and a white one on the chart. We assume that the recent aggressive push was the white Wave 3 and we're now seeing a pullback in white Wave 4 which will be followed by the white Wave 5 which finishes the blue Wave 3 etc.
The support area for the white Wave 4 is between the 0.236 FIB at 120'892 USD and the 0.5 FIB at 119'150 USD. Preferably we would see a bounce from here now in this count as we have already entered it and tested the 0.5 FIB of the support area which Bitcoin seems likes to be doing recently. In case we go lower it could be that the white five move is already done but we'll see how it develops. The blue Wave 4 support area would be around 118'000 USD to 120'500 USD.
As above mentioned this doesn't invalidate the diagonal count. It is hard to distinguish between multiple 1-2's and a diagonal. We lean towards the multiple 1-2's count because the last move up was impulsive and aggressive. If you connect the Wave 1 and 3 high you get a trendline which can be overshot by the 5th Wave in a diagonal in a such called "throw-over" which usually comes with high volume which we indeed had here. The issue is we are looking for a leading diagonal and this throw-overs are more common in ending diagonals which is the main reason for the switch of the counts. :) Hope it makes it more transparent and understandable!
I just want to make aware that with this counts we got multiple support areas which are close to each other or even overlap. Essentially the whole price range of 114'000 USD to 121'000 is important, preferably we still want to bounce from the mentioned support area above but what we want to make aware of is that a break of it doesn't turn the count bearish. Just keep that in mind when trading on smaller timeframes :)
We would appreciate a follow and boost if you like the analysis! :)
Thanks for reading.
NO FINANCIAL ADVICE.
Extreme Euphoria - ETH weekly update August 11 - 17thFrom an Elliott Wave perspective, Ethereum is likely advancing within Cycle degree Wave 3, Primary degree Wave 5, at the end of Intermediate degree Wave 3, and in Minor degree Wave 5. While theoretical upside targets for this structure have already been met, ETH has shown little sign of slowing down. On lower timeframes, the price action suggests the move is not yet complete.
The first alternative scenario would see the current wave extending further upward. The second, less probable alternative, would classify the move as part of an ongoing corrective formation — but the structure lacks the characteristics to strongly support this view.
Liquidity analysis reveals significant clusters below the low of Intermediate Wave 4 on the heatmap. In the order book, notable sell orders are stacked above the current price at $4,500 and $5,000 — levels of interest because they align with key technical confluences. Additionally, a Fair Value Gap (FVG) appears on the 1-hour chart, suggesting the possibility of a short-term pullback before price resumes its move toward the main target zone.
Funding rates are in a normal positive range and open interest is rising but beginning to flatten, signalling a steady but maturing uptrend. It’s worth noting that these funding rates have recently come down from elevated highs, indicating that the market was previously overheated.
ETH ETF flows remain steadily positive, but as mentioned in the Bitcoin analysis, these inflows appear to be driven more by rising prices and associated FOMO than by deliberate accumulation.
From a sentiment perspective, the Fear and Greed Index shows the market in “Greed” territory, while Ethereum’s own index indicates extreme greed. On LunarCrush, mentions of ETH are increasing, reflecting heightened market attention. However, sentiment measured per network interaction remains mostly neutral — a divergence that is worth monitoring.
In summary, caution is warranted at current levels. The primary target remains the 2.618 Fibonacci extension around $4,500, where a confluence of liquidity, order book resistance, and Elliott Wave projections converge. This level stands out as the most probable area for the current wave to complete before any significant correction.
Trade safe.
XAUUSD H1 – Wave (4) Completion for Next ImpulsePrice is currently in a corrective move, forming subwaves of a potential Wave (4) on H1. The Elliott Wave count shows we’re mid-way through the final leg of this correction, with a projected path towards deeper support zones before the next impulsive leg higher.
Scenario 1 – Bearish Continuation into LZB
-If price stays below 3,379 resistance, expect continuation of Wave (iii)-(v) of C down towards LZB or even the 3,280 region.
-Short Trigger: Failed retest of MDS/LRS resistance with bearish rejection.
-TP1: 3,358 (LRB)
-TP2: 3,320 (LZB)
-TP3 (Final): 3,280 – 3,270 (Wave 4 completion zone)
Scenario 2 – Early Bullish Reversal
-If price reclaims and holds above 3,390, Wave (4) may already be complete.
-Long Trigger: Strong breakout above 3,390 with volume.
-TP1: 3,404
-TP2: 3,421 (SC zone)
DNUT bullish analysisI don't usually use Elliott Wave for individual stocks, but it seems reasonably applicable here.
This count sees a zigzag, with impulse A completed, correction B returning to volume Point-Of-Control, looking for impulse C to tag median line above 5.97. Count invalid for price below 2.42.
BTC Elliott Wave medium term analysisCRYPTOCAP:BTC is still consolidating, as shown on the charts.
The structure is shaping up like a classic Elliott Wave 1–2–3–4–5 pattern, with the 4th wave now in play.
This could mean another retest of $110,500 before launching into the final, larger 5th wave 🚀.
The 4th wave might present a solid long entry opportunity heading into the 5th.
📊 DYOR – trade safe.
EURGBP is Nearing the Daily Trend!!!Hey Traders, in the coming week we are monitoring EURBBP for a buying opportunity around 0.86400 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86400 support and resistance area.
Trade safe, Joe.
XRP:Elliot Wave Analysis Hello friends, you can see the Ripple chart, which is analyzed on the basis of Elliott waves. The first and second waves have completed, so we are waiting for the Sharpe movement for the third to fifth waves, and the number will be 3.54 to 3.84. Be profitable and successful.
This is it - Bitcoin weekly update August 11 - 17thFrom an Elliott Wave perspective, Bitcoin is currently unfolding a Cycle degree Wave C, which at the Primary degree is forming Wave A. At both the Intermediate and Minor degrees, price is also in Wave A. The minimum downside target for this structure lies at the 1.0 Fibonacci extension near $112K. Additional targets include the 1.236 extension at roughly $110K and the 1.618 extension near $106K.
Liquidity mapping reveals notable clusters at key levels. The $115.5K zone, highlighted by the red box on the chart, contains significant liquidity according to the heatmap. Additionally, order book data shows heavy bid accumulation around the $110K level — an area that also coincides with a daily Fair Value Gap (FVG). The Point of Control (POC) from the previous wave lies just below the red box, further reinforcing the bearish confluence.
From a derivatives standpoint, the recent impulsive rally in Wave b appears to have been largely driven by leveraged positions. Funding rates have started to decline from high positive levels, while open interest — after a brief surge — is now dropping, suggesting traders are unwinding positions rather than adding fresh exposure.
Spot ETF flows continue to show net inflows, but closer inspection reveals that these have been more FOMO-driven than strategic accumulation. Outflows were recorded at the local low of Wave a, while inflows spiked during the impulsive rise of Wave b — behaviour that often reverses as the market corrects. This increases the likelihood of inflows slowing or reversing during the expected downward leg.
The primary scenario anticipates that Bitcoin will continue lower. At the Primary degree, Wave A could terminate within the red liquidity box, where the liquidity cluster might act as a temporary buy wall. This could then lead to a corrective Wave B before a final Wave C to complete the larger structure. However, making precise forecasts beyond Wave A would be speculative at this stage.
BITCOIN target $140,000-150,000Wave-g of (d) has become completely similar to Wave-a in terms of price and then moved strongly upward, surpassing the end of Wave-f. As long as the price does not break below $117,000 and consolidate there, the price targets of $140,000 to $150,000 will remain achievable.
In my last post about Bitcoin, I mentioned that Mr. Powell's speech might cause the pattern to expand, and that’s exactly what happened—Wave G has slightly extended in terms of price.
My personal opinion (not a recommendation to buy or sell):
For Bitcoin, a long-term investment approach should be adopted, and short-term fluctuations should be ignored. These short-term fluctuations can merely provide opportunities for additional buying.
Good luck
NEoWave Chart