BTCUSDT - Bitcoin is in wave 5 in the 1-day time frame
The FINNIFTY index looks all geared up to start a 11-13% rally in the coming weeks to move towards 22700 levels. The expected wave shall be the wave iii of III. After having rallied in wave i of III in oct 2023, the index has witnessed a 61.8% retracement in months of jan-feb 2024. Now since the triple three correction(WXYXZ) has been complete structurally, the...
Hey all. Markets can see some volatile price action today, because of the release of FOMC minutes, when investors will look for any new details or change in tone regarding FED's policy. But then, after the US close speculators will be focused on Nvidia earning reports. This data can be important, not only for stock it self, but also for the technology sector and...
RNDR is an uptrend for a while and actually, it hasn't even gave the value it's supposed to give. What do we have ? Let's discuss: RNDR will pump more after a small correction according to Elliot wave theory. We are currently in wave 3. But inside that wave three we are about the see corrective wave known as A-B-C . After the C ends, it will start a new uptrend...
That ole' cliche..."the faster something goes up...the faster it comes down". I am not ready to state with certainty that NVDA has completed a major top, but watch the price level of $599. Below that level and guidelines state that we're probably not dealing with a wave 4, which is my ALT count. Best to All, Chris
Support and resistance for BTC 4Htf; I primarily used the E.W. Theory determine them S/R zones.
Bank nifty has recently gone through a steep cut, shedding 4000 points in a matter of one month. Looking at the the bigger picture however, tells us it could be a great time to enter into your favorite banking names(or even the index itself!) The 4000 point decline was a wave ii retracement of the impulse that the index witnessed between Oct-Dec 2023. The...
Bitcoin is exhibiting signs of convergence, marked by the formation of a bull flag alongside an Impulsive Elliot Wave, suggesting a potential rise in price action towards the $57,000 region. Additionally, the presence of a Fractal pattern hints at a significant pullback following the completion of this sequence.
Analysis. eliott wave: the price action conforms to elliot wave theory, suggesting a potential bullish move with the completion of wave 5. volume profile (January 38th - february 3rd) the initial volume profile indicates that the price has previosly visted the point of control (poc), and it appears to be retracing towwards the upper 70% line, which could serve as...
Hi Traders! The trend is bullish on the main time frames, but today we will only follow intraday chart (Log Scale). That said, from a technical perspective, CRYPTOCAP:BTC is forming a 12345 bullish impulse structure, and we are currently in wave 3. If our analysis is correct, Bitcoin could trigger a corrective structure (ABC or ABCDE Pattern) in short term...
Five downward waves descended, and three corrective waves were made for the decline, then five downside waves are made again and finally
A flat corrective wave was made for the historical decline of the currency, and it is supposed to complete the decline of a last strong motive, and then a sideways path Note: The analysis was done based on Elliott School
DISCLAIMER: THIS IS A VERY LONG READ . Monday is Presidents Day. In America, this is a day we honor 46 individuals who have held that office both past and present. Ask anyone who keeps up with current news and events, and they will agree, America is a politically divided nation. The vitriol, one political party has for the other, seems like it’s never been...
Based on elliot wave theory we are at middle of 3rd wave. Which is most profitable wave. The news is positive /ETFs approved, halving is coming in 2 months everything is good right?/ fundamental analysts starts raise targets. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As...
The stock is spotted in a complex triple three correction(WXYXZ) since JUL.2023 and is now finally at the end stages of this lengthy correction. Only the last leg, which would be wave v of "WAVE C" of "WAVE Z" seems pending in the stock now. $170-180 is a major support region and the stock is expected to complete the last leg of the correction within this zone...
AMD is all set to rise in wave v of 3. The projected target for the wave is expected to be around $213. $164 marks an important swing low for the stock and the SL too can be set around this level. The way volume has picked up in the stock from JAN, it is also possible for the current wave to out-beat the expected target level.
Hello everyone, against all fundamental backdrop the DAX has created a new ATH, which is inline with my elliot wave analysis. To make it short I want to trade against the strong trend movement to catch a correction back to the 16k area . Confirmation will be the break of the current area of 16750 . If you want to scalp this you can just set your SL over the...
Price reacted to earnings right into the mid-term support zone: 83-71. If suggested macro-structure holds true, this area may provide support/accumulation zone for building a bottom base for a larger move towards major resistance target (140-177-200+) later this year. If price moves bellow 63 suggested price structure needs to be revised. Thank you for...