Bitcoin is showing us a really nice 535 zigzag correction. Zigzag corrections often appear as a flag so we should not expect the highs to get hit.
We're expecting wave C soon.
- Entry on break of the red trendline
- stops below price after trendline break
- Targets: 40k, 50k. Taper thereafter
Goodluck and as always, trade safe!
We are now at a critical point in our analysis. We are almost at the extremes of the parameters where Bitcoin can fall.
Major Waves - Circled waves
Subwaves - Bracketed waves
In our analysis, we are still within the major wave 3 (which is made up of 5 subwaves). We are on the 4th subwave correction, which is an 3-3-5 ABC flat correction. We're anticipating...
Our Bitcoin analysis has played out perfectly. In November 2022, we posted a setup indicating that we were ready for a breakout. We got a breakout and we are still pushing! Currently at 145% gain.
We had another setup in September 2023 where we identified a correction. The correction broke out and we are seeing gains of 50% so far!
We expect a minor correction...
Solana played out perfectly. We managed to get an entry on the trendline break and had near enough 0 drawdown. Price moved up impulsively to complete subwave c of wave B.
We are now at an inflection point. We can make an extended subwave c move. Keeping a close eye on this to see how we react now and then we'll go from there.
Hope you guys managed to make some...
In our last post on Solana, we identified that we were in a 535 zigzag pattern.
We have almost completed the midsection - awaiting one final move up to complete wave B.
- Watch for bullish reversal patterns on lower timeframe
- Safe entry on break of red trendline
- SL below price once red trendline breaks
- Target: 32.5, 50, 60
Goodluck and as...
This may be against the trend or as my friend says "going against a tsunami" but there's technical evidence to suggest that we may see a drop in Gold for the next couple of months.
On the monthly timeframe we appear to be in wave 3 - which is made out of 5 impulsive subwaves. See below:
Wave 2 and Wave 4 are ABC corrective waves and on the weekly timeframe we...
Well.. Gold has been incredibly kind to us! We managed to catch the top perfectly in May, giving us a massive 2500pip profit.
The move down (wave A) was a complex ABC correction, which ended in October. Once we completed the bearish wave, we managed to forecast ahead and plan for the bullish move (wave B). We are still holding our initial entries and looking for...
In our last analysis of Silver, we identified we were in a 335 flat correction. We are in the middle section (3 = ABC). We are in wave B and looking to catch C.
- Watch for a break of the red trendline for confirmation
- Risk entry on rejection of fib levels
- Targets: 24, 25, 26.
Note that we can make a complex ABC correction for wave B so do...
This is the 2week chart for GBPAUD. We're in a 535 zigzag pattern.
We can see that we've completed wave B (3), which was an ABC correction.
We are now in wave C and anticipating a 5 wave move down, in line with the 535 zigzag schematic.
On lower timeframe we'll be looking for this current correction to breakdown.
- Watch for current correction to...
Our last SOL analysis was spot on. We had a perfect breakout and have seen 80% raw gain!
We are holding our position and look for further entry opportunities until we complete the bigger wave B correction.
On lower timeframe we will be looking for any bullish corrections and will be using Elliott Wave corrective schematics to identify when and where to...
In our last analysis of Bitcoin, we identified that we were in a correction and were looking for a move up for wave C.
We are now in wave C and anticipating 5 subwaves. We've seen subwave 1 and anticipating subwave 2 correction in the next couple of weeks. Once we get that, we can look for another entry to take Bitcoin even higher!
No trade idea as of yet....
NZDCAD has been in a correction for almost a year and we might be at the start of the next big impulse.
We're expecting NZD strength so we can assume that NZDCAD has bottomed out.
- Watch for BOS, trendline break or reversal pattern on lower timeframe
- invalidation for this bullish scenario is below 0.794 so any entries will require a stop below...
USDSGD has recent topped with a beautiful rejection! We had the 50 fibonacci, channel AND an ending diagonal, all indicating a reversal!
Now that we've topped, we can look for any pullbacks to add a position for the massive drop.
- Watch for pullback
- once pullback appears, look for a trendline break or structure rejection
- Enter with stops above...
Here we have the 2week chart of MATIC. We can see that we're in a clear bullish motive wave.
We are currently in wave 4 which appears to be a complex ABC wave.
We are looking for subwave c move higher to complete wave B.
- Entry on red trendline break
- stops below the lows once trendline breaks
- Targets: 1, 1.4, taper
Goodluck and as always, trade safe!
Silver is currently in wave 2, which appears to be a 335 flat correction. Wave A had 3 waves and now we're in wave B where we're expecting another 3 wave structure.
It appears as the bottom is in so we can use the lows as invalidation level.
- you can either enter now with stops below the lows
- Or wait for a pullback (retracement) and enter with...
CADCHF has given us over 1000pip worth of setups. We are now looking for one more trade setup to complete this bearish wave.
We know that Waves 1, 3 and 5 have a 5 wave structure. We are currently in wave 5 and looking for 5 subwaves to complete the bearish sequence.
- We are in subwave 1 (of wave 5)
- Watch for subwave 2 retracement
- price should...
USDCHF has recently provided us with an ending diagonal, signalling that the bottom is in.
We are now looking for a retracement. The deeper the retracement, the better!
- Watch for lower timeframe reversal patterns to indicate retracement has started
- once entered, taper positions as we move lower towards the bottom
- The longer term trade will be...
Here we have the 2weekly chart of Chainlink. We can see that on a higher timeframe, we are still bullish. We have not yet completed the 5 waves. We are currently on the 4th wave which appears to be a WXY correction (breakdown: 3 waves for W, 3 waves for X and 3 waves for Y)
We have almost completed wave X and anticipating wave Y soon.
Once we make that final...