I would normally want to see a deeper, full correction come in here (highlighted in yellow pen) but this is technically a completed ABC correction, with this last move down completing clear sub-waves. Being able to have confidence in a larger target is nice and i prefer waves for this, however dropping lower in timeframes/fractals i do prefer other techniques for...
Gold analysis in Weekly timeframe We are in wave3. minimum price is reached. It seems that wave 3 is complex and 5 waves will be confirmed in wave3.
Bitcoin is oversold on time-frames below 6W and overbought on 1D. This means the current move up is a minor reaction on Intermediate correction. I think the price will spike the ATH once again, but the probability price go significantly higher ATH is lower than vice-versa. Maybe around 85k. The price action usually is moving in a channel boundaries. You can see...
Here I have USD/CHF on the Daily Chart! Now we've been following USD/CHF since it created its NEW LOW back in Dec. '23. This LOW I believe sparked the beginning of an Elliot Wave and currently we are looking at what seems to be a possible LAST LEG of this Impulse Move! Price has currently created a HIGHER HIGH @ .90721, so we will be looking for Price to...
There seems to be an Ending Diagonal completed or very near completion, and this should mean a decent return over the next several months.
There are multiple ways to count the move up, I have two different possibilities on the chart. Either way, I think at this points it's enough to assume that was an impulse. On the correction side I propose a Zigzag, with the C wave as a contracting diagonale, that is missing the C-wave of the wave 5. The volume profile shows very little volume between 55 and...
Recent rebound from 57k suggests that BTC now is in a long correction. I think, on the enge of 2024 and 2025 growth cycle will finish. Completely or just for another big correction. ETH also implies that. The whole growth in green wave 5 is not impulse, but combination of threes.
S&P 500 Index 4Hour Timeframe RSI Moving Average Elliot Waves Overall Summary Hello and welcome back everybody! I hope you are doing good at today's monthly close! We are watching a 13$ S&P500 gain this month, which is absolutely crazy! Gains were possible, though the cliff to the downside looks scary as hell. Mixed feelings everywhere, uncertainty, fear but...
Updated Bonk chart. Please check the BONK chart below. Thank you.
It's meme season all over again. Pepe & Floki leading and we can also expect Wif to catch up and even pump harder in coming weeks. Good reminder to always manage risk as these pairs can move very quickly to any extremes.
The last top failed to take over the previous top in RSI. Stochastic has already turned negative with the ongoing drop. One more leg down is needed to finish the entire correction. Downside target is the 60 area.
This idea uses elliott waves . Also it is wykoff pattern in smaller timeframes Use risk managment . Buy from bottom is better than sell now
Yesterday candle proved me wrong that it is in subwave5. I look at the bigger picture again at daily timeframe and there are many possibility. So this time it is the first that I will go with neutral. 1. If major wave 2 has completed, you will see a bigger rally. I make a green square in the past and just copy to today to illustate timeframe. 2. If major wave 2...
2024-04-22 Bitcoin in April The infamous nonevent halving has passed as expected. All this wasted energy and anxiety about pre- and post-halving crashes, volatility, wherever they said, it was all nonsense of course. There has never been a statistical or logical argument for any of it. All bullshit. Like Q-Anon. April did bring some trading anxiety, however, as...
Here we have a classic 5 wave impulse followed by an ABC correction.
This is my idea. Ive used elliott waves as you can see it is C wave target to fibo 61 And it is wickoff pattern We will sell here and buy from bottom
Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...