Bitcoin pleased us with a good upward movement, but it won't last longer than 1 month. Final targets for this growth are ~38000$ or ~40000$. There after some confirmations will be good position for buying PUT options or trade Short.
After careful analysis, it's clear we've entered a bull market for BTC. The global correction wave 4 concluded in November 2022, and the recent price actions offer confirmation. Here are the key takeaways: The trend from 23rd November 2022 presents as a robust bullish impulse. All impulse waves and corrections looks nice and well-balanced. The waves within...
This will complete the wave C of an expanding flat (3-3-5). I believe we are in the 5th wave and will look to TP around 0.6150. Afterwards expect a huge movement downwards towards the 0.20 region. DYOR, this is not financial advise and Good Luck!
Using TA including trendlines, fibs, and indicators I believe this is the bottom and stocks rise from here.
A couple weeks ago we seen a distinct Elliot pattern forming looks like its filling out to a tie
I think equities bottom when YM1! is below 32245 but above 29790.
Looks like a leading diagonal, looking for temporary bottom above 14198.50, move back towards 15400.
Altered my count a bit, still looking for a move towards 4400, then a final impulse to 3900-4000.
Blue starts from the 2015 bottom and goes to about the 4.236 extension that took place in August 2017. Orange starts with the December 2018 bottom and goes to the top in 2021. Plan: DCA and wait for the white flag.
Hello Traders, Ethereum looks bearish here and is following a very similar retrace cycle to last time. Watch this space as I update this idea.
Dear all wolfy friends : What I see is buyers power to reach higher prices for next days but for sure there would be a structure( battle of the sellers and buyers). so on this condition I suggest you to play on buy if you are a trend trader but what if power goes for down trend? if power goes for downtrend im sure we are in correction prices after there be a...
TSLA has a really nice downtrend developing that is adhering to the Elliott Wave patterns. This week's low reached the 1.618 extension of the previous down move. This week's low might be the end of a 3rd wave (or the end of a C wave as an alternate). I'm leaning towards the 3rd wave ending, followed but a sideways triangle as a 4th wave. Then, the 5th wave lower...
We got our confirmation that wave (4) in the higher time frame is not finished yet. Now we are looking at three bearish scenarios in the lower time frame.
We got our confirmation that wave (4) in the higher time frame is not finished yet. Now we are looking at three bearish scenarios in the higher time frame.
The extension of the latest wave to the upside (almost 261.8%), gives us a high probability that we are currently wrapping up blue wave 3. My plan is to wait for a correction to at least 38.2% pullback and then look for long trades. Note that there is also bearish RSI divergence on the H4 timeframe.
Overview: Ethereum (ETH), one of the leading cryptocurrencies, has been subject to both bullish and bearish trends in recent times. In this analysis, we delve into the possibility of a substantial price correction, commonly referred to as a "big crash," in the Ethereum market. Our analysis incorporates a range of technical indicators, including Elliott Wave...
We believe we are doing a WXY structure in the higher time frame and we are currently working on the wave X up. The primary scenario suggests a wxy structure for the wave X which is missing one more swing up. If we make another low, then the WXY becomes an ABC structure.
In the higher time frame, we have completed a WXY correction but as forecasted this was not yet the wave (2) low. The lower time frame was showing corrective price action indicating more wave (2) downside. Several bearish scenarios can be considered because we took out the 04/10/2023 low. In the lower time frame, before going down, we might see some upside as a...