BTCUSD Elliott Wave Technical Analysis Mode: Corrective Position: Wave (iv) of (c) Direction: Wave (iv) of (c) is still in play Details: Wave (iv) is still in play which I expected to be end around 66-67K. Next Direction: Wave (V) which will complete the next higher Degrees Wave (c) Target : the area between 60-58k Wave Cancel invalid level: BTC going above...
Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 A not long time ago price started to decline inside falling channel, where it soon broke $1.0870 level. Price tried to back up, but failed and continued to decline to support line of falling channel. Then price bounced up to almost resistance level, thereby...
Hi guys, this is my overview for BNBUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it soon broke resistance level, which coincided with resistance area. After this, BNB reached resistance line of channel and then bounced down to support line, breaking $604 level again. Then price made downward...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago started to trades inside the downward channel, where it rebounded from the resistance level, which coincided with the seller zone and rose to the channel's resistance line. After this movement, BTC turned around and quickly declined...
BITSTAMP:BTCUSD Bearish Parallel Down Trend, We are Bullish in bitcoin sector, waiting for a buy alert before going long. I personally do not short bitcoin, but for those who are in the business of shorting, a large green dot will be a buy alert.
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.
Just showing some geometry and levels that have proven relevant and I'm watching on the way towards halving. Currently sitting on a Pitchforkmedian as well as the EMA 89 on the daily, which also held the last significant low (though it allowed a short break below): Lower channel line which has shown relevance as support and resistance in the past, will it...
FX:XAUUSD decreases volatility, smoothly moving into a consolidation phase before the publication of NFP. The market structure is bearish and the overall fundamentals are negative. What should we wait for? Today is quite a busy news day, but all attention is focused on NFP. The gold market is locally bearish and set for further decline. Breakout of 2295 and...
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...
The price of Bitcoin is preparing for a final drop to the downside, to 57k per my calculations! The price is still inside this bullish flag formation, and we still need to complete the ABC corrective pattern from the Elliott Wave perspective. At this point, I cannot be bullish at all, just be patient and wait for 57k to be hit before buying BTC! It's also...
In The above chart you can see how Nifty follows various Technical aspects of the chart. First of all we can see a Parallel channel in which Nifty is travelling. The channel has 3 parts. 1) Channel Top. 2) Channel Bottom. 3) Mid Channel. Channel top will always work as a resistance and Channel bottom will always will work as support. Channel Mid or Mid channel...
For ES1! bears, I'm looking at a double-three correction from low of 4963.50, with an expanded flat Y, to complete below 5194.25. For the flat, 3 is shorter than 1, so 5 needs to finish below 5194.25. As such, this count is invalid with price above 5194.25. Price is currently between .5 and .618 Fibonacci price points on the correction, so bears are definitely...
USO (crude oil ETF) is trending down toward its 200-day moving average, coinciding with a previous pivot up within this range and slightly below it. This commodity tends to make dramatic moves so wouldn't be surprised if it made a sudden drop along the way and then bounced, but the channel range may serve as the upper bound. Until it can break free of this...
Simple weekly chart depicting buy zone around bottom of a parallel downtrend, contingent upon Bitcoin and its greater market holding up
✅ Bitcoin finally managed to break the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and the lower line of the Descending Channel and 100_SMA(Daily) . 🏃♂️Bitcoin is currently pulling back into the 🟢 Heavy Support zone($61,100-$58,700) 🟢 and moving near the 🟡 Potential Reversal Zone(PRZ) 🟡. 😱The Fear and Greed Index entered the " Fear zone " again after more...
Hi folks today I'm prepared for you Euro analytics. If we look at the chart, we can see how the price a not long time ago rebounded from support 2, which coincided with the support zone and declined to almsot trend line, and then it started to grow inside the upward channel. Inside the channel, EUR soon broke support 2 and rose almost to the resistance line of the...
Recent Achievements: DXY has reached our previously set targets as mentioned in DXY Descent Alert: Path to 102.800 - 102.280 . Post-achievement, the focus was on determining the subsequent direction of DXY. Trend Line Breakthrough: Following its last ascent, DXY broke through the monthly trend line, a detail observable in our previous analyses, peaking...
GOOD DAY, friends! This is ESS team. Let's check the WAVEUSDT chart in hopes of a new wave approaching. : ) After a sustained decline that started in 22y, the WAVEUSDT was making a low and then, is drawing ascending channels. The channel we drew was based on the 5days uptrend line, and interestingly, We can see that the 5D uptrend line and the channel lines...