Now the 2nd corrective wave is developing. According to statistics, in 73% the 2nd wave is corrected in the zone between 38% and 62% - BTC/USD potential buy zone 24000 - 19000
COT report is indicator that not calculate by price but it indicate that commercial player trend to buy or sell if you check weekly COT report it clear trend that commercial player is buying significantly confluent with wave analysis that Oil can go further I hope correction phase is end yeah hard to predict wave C might go down for more and hit out...
One of the counts I have for bitcoin, looking for a bit more downside before seeing a potential turn higher. Leave a like if you want to see my other alternative counts. Feel free to ask questions and trade safe!
The move from Jan 23 has been impulsive by nature. The current correction is from June this year is corrective by nature and is taking a shape of a double zig-zag. The move up is expected to complete wave five targeting the 35171.09 market level @ which wave 1 will equal wave five. The market still remains the final arbiter.
We are in the wave Y area. From here we can expect upside again but we see it as the 'last' chance.
With the recent break of red wave iii high, the pattern seems to be a 5 wave move up from March, 2023 lows. Also patten preceding the impulse wave seems to be in 3 wave (zig-zag correction) hence adding more conviction my current wave count. A break of all time high at 2022 will add more confidence to this view. Will update the chart as it develops...
We are waiting for more data to come up with a reliable EW count and trade setups.
It looks like we will get more downside in the FTSE. We are looking to a short a wave B. If we do not get the wave B, we can go long again after the correction is finished (wave (Y)).
We are looking at two scenarios. The bullish scenario (in red) shows an ending wave 4 down that will be followed by wave 5 up. The bearish scenario (in green) assumes that wave ((1)) is finished and that we will get more downside in a corrective structure.
We are likely still in Minor wave 4 moving upward. It was originally forecasted to last 7 to 10 to 13 hours. The 7th hour will be the first hour of trading on Monday. The 5 minute chart has a potential wave structure so far if we are inside of Minuette wave 3 inside Minute wave C upward: The market could open upward or move up in the first hour of trading. The...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Brook some big a big level but hold a pretty big level as well. Not conviced the bull is back on this until there is a nice pump above .55 and a flip of this...
The DXY(US INDEX) has been in a correction since February. It has been forming a diagonal structure since early July. The price has completed wave 1-4 of the diagonal structure. Wave 5 is pending. If the price breaks out above the trendline inside the diagonal, it could signal a sell trade to end wave 5 of the diagonal structure. The target is the wave 5 of the...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! BTC RLB final update. In at 29605.2 Still important levels. Labels are ded. None said "Price Will bounce here". I am not in control of the market. I AM in...
SP:SPX Overall ABC Corrective Pattern = Zig-Zag Wave A: Leading Expanding Diagonal *Important* Wave B: Zig-Zag Wave C: 5 Waves down In my opinion, if you don't have the initial downtrend from January '22 - October '22 labeled as a leading expanding diagonal, you are going to miss a lot of context for the rest of the correction. (See Screenshots below for...
Whether or not you should invest in Ethereum is a personal decision. There are risks involved in any investment, and cryptocurrency is a relatively new and volatile asset class. However, if you are bullish on the future of DeFi and Web3, then Ethereum could be a good investment for you. If you are considering investing in Ethereum, it is important to do your own...
Tesla stock has been on a tear in 2023, up more than 128% year-to-date. The electric vehicle maker is expected to continue its growth trajectory in the coming years, thanks to a strong lineup of new products, including the Cybertruck. The Cybertruck is a futuristic-looking electric pickup truck that has generated a lot of excitement among potential buyers. It has...
Upon closer examination of the near-term wave subdivisions, I call back the statement that initial wave (a) of the remaining 2023 uptrend might be complete and replace it with a diagonal. Again, I have to cautiously mention that such projections are very speculative at this stage. I shall be ready to alter my view at any point if I receive new information.
Leading diagonal with a zig zag B or 2. getting a wave 3 down wouldnt be that logical. Leaning towards C at max if we are bearish. Bulish counts exist but i dont lean towards it right now.