Neo Wave
AVAX Analysis (1D)From the point where we placed the red arrow on the chart, it seems a correction has begun.
This correction appears to be a Diametric pattern, and wave E does not seem to be complete yet. It's expected that wave E will finish within the green zone.
The target could be the red box area.
A daily candle closing below the invalidation level would invalidate this analysis.
invalidation level: 10.90$
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
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AVAX Analysis (3D)This analysis is an update of the analysis you see in the "Related publications" section
Before anything else, pay attention to the timeframe: it’s the 3-day timeframe.
The structure that AVAX is following is a large diametric, where wave F of this diametric is expected to end within the red-marked zone. After that, the price is anticipated to enter the bearish G wave.
Wave G could extend down to the main order block, which is the green-marked zone.
For both the bearish and bullish scenarios, the invalidation levels are marked on the chart. A daily candle closing above or below these levels will invalidate the respective outlook.
For risk management, please don't forget stop loss and capital management
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USDT DOMINANCE Update (12H)First of all, pay attention to the timeframe | it’s the 12-hour chart, which is a relatively large timeframe.
It seems that a bearish structure has completed, which was a diametric pattern. This structure was for wave B. After the completion of this pattern, we expect a wave C of the same degree as waves A and B to form.
Be cautious with your buy/long positions, especially in altcoins, since after a short period of confirming the completion of the bearish pattern, the candles might move sharply to the upside.
If the candles can hold and consolidate above the flip zone, this growth will continue.
Let’s wait and see what happens.
For risk management, please don't forget stop loss and capital management
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DOGECOIN Looks Bearish (1D)It seems that Dogecoin is preparing for another decline. A bearish trendline has formed, and the candles are moving below this trendline.
Based on the ABC structure, it appears that Dogecoin is pulling back into the red zone to gather more sell orders for a deeper drop.
It is expected that upon touching the red box, the price will move toward lower levels.
The targets are marked on the chart.
A daily candle close above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
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New Highs Ahead ? - BTCUSD Elliott Wave AnalysisHello Friends, Welcome to RK_Chaarts,
Today we are having Elliott wave theory counts on BTCUSD Bitcoin Chart Analysis
The weekly timeframe of the BTCUSD bitcoin chart reveals that we are unfolding Super Cycle Degree Wave (III) in Blue. This wave's sub-divisions, which should total five for a Cycle Degree, are visible. We've completed Waves I & II and begun unfolding Wave III in red.
Within Wave III, we are unfolding the 1st wave ((1)) of one lower degree as Primary (Black). This wave will unfold in five sub-divisions of one more lower degree as Intermediate degree in (Blue).
Daily Outlook:
On the daily outlook, we are currently unfolding wave (4) of Intermediate degree (Blue), a subdivision of wave ((1)) of Primary degree (Black). As wave (4) nears completion, a reversal is expected soon, driving prices toward new highs to complete wave (5) of ((1)).
Additional Support Confirmation:
Further reinforcing the analysis, the Anchored VWAP's Average is also showing support near 104,000. This confluence of support levels increases the likelihood of a reversal, making it an important level to watch for traders.
Key Takeaways:
- We're unfolding Cycle Degree Wave III on the weekly timeframe.
- Wave (4) of Intermediate degree is nearing completion on the daily outlook.
- A reversal is expected soon, driving prices toward new highs.
- Anchored VWAP also showing Support nearby current price.
Important Wave Theory Considerations:
As per wave theory, wave (4) shouldn't overlap wave (1), except in the case of diagonals and triangles. In this scenario, we are unfolding a diagonal, allowing wave (4) to enter into wave (1). However, it's crucial to note that wave (4) should not go beyond the low of wave (2) under any circumstances. If it does, our wave counts would be invalidated.
A Word of Caution:
Elliott Wave Theory and possible wave counts suggest that the price will make new highs on the chart soon. However, the market is inherently unpredictable and always ready to surprise. Therefore, it's essential to consider "what-if" scenarios in your trading journey.
Are we ready for new highs ?
As we navigate the complexities of the market, it's vital to remain adaptable and prepared for any eventuality. By acknowledging the potential for surprises and maintaining a flexible mindset, traders can better navigate the markets and make informed decisions.
Conclusion:
The BTCUSD bitcoin chart is poised for a reversal, driven by the completion of wave (4) and the subsequent unfolding of wave (5). While the analysis suggests new highs are on the horizon, it's essential to remain cautious and consider the unpredictability of the market. Are you prepared for the possibilities that lie ahead ?
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
check the trend Waiting for something to happen, just wait for the amount of repairs and keep it going downwards, then see the details.
In my picture, this value is limited to any resistance that is fixed, a downward spiral that nullifies the tension and sustains a possible upward spiral, and a possible upward spiral.
check the trend Waiting for the arrival of the continuous upward spiral along the surfaces of resistance in a different way. According to the direction of the rafter, the value of the limit of the resistance and the resistance runway line is the possibility of initiating a repair run, and the presence of dashed lines.
uptrend Waiting for the arrival of the guild, a triangle with the completion of its upside and with the direction of a final upward wave, when the start of an upward spiral is possible.
It is fixed and fixed with a limited resistance, which is supported by a continuous upward spiral, which is close to each other.
Why BITCOIN Looks Bearish ? (1D)Let’s break down why Bitcoin looks bearish:
1. A key support line has been lost.
2. Price is sitting on a key level. If this level breaks, bears will take control, and there won’t be any strong support until the green “flip zone” below. Once this key level is lost, it will flip into resistance.
3. The flip zone is still untested. When there’s an untested flip level, the market usually gravitates toward it after creating triggers in multi-timeframes.
4. From the point where we placed the green arrow on the chart, a bullish phase started. That bullish phase (WXY structure) has now completed.
5. The best area for a trend reversal and opening sell/short positions is the red zone.
On the way down, set intermediate targets for yourself, secure profits, and trail your stop-loss to lower levels.
This outlook will only be invalidated if a daily candle closes above the invalidation level.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
PUMP Analysis (4H)From the point where we placed the red arrow on the chart, it seems that the correction of the PUMP has begun.
It looks like we are inside a larger-degree ABC, where wave B was a symmetrical correction that has just completed, and we are now in wave C.
In the red-marked zone, we are looking for sell/short positions.
Targets are indicated on the chart.
A daily candle closing above the invalidation level will invalidate this analysis.
invalidation level : 0.003910$
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Bitcoin Is Still Bearish (4H)This analysis is an update of the analysis you see in the "Related publications" section
As we mentioned in the previous analysis, Bitcoin remains bearish, and our view has not changed.
We had considered two scenarios for Bitcoin, and both were bearish
Nothing has changed now either | from the current price or slightly higher, Bitcoin may see a serious correction. If the 103k zone is broken to the downside, Bitcoin’s price could correct down to the 93k area or even 86k.
Remember: when good news is released but the price cannot rally and make higher highs, the trend is bearish. It means market giants are selling to buy back at lower levels.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Bitcoin Looks Bearish (4H)This analysis is an update of the analysis you see in the "Related publications" section
We identified an **ABCDE structure** in the previous analysis.
Currently, the structure remains the same, with only wave **E** appearing to be completed.
The price moved close to the **first target** from the previous analysis but was rejected. This rejection seems to mark the beginning of a new bearish wave.
Now, it is expected that either from this point or after a slight upward pullback, the price will enter a correction for **wave D** or another bearish wave.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You






















