S&P 500 futures are currently experiencing a pause due to Fibonacci extension targets, with a possible further upside move towards the 4100 level. A short-term cool down period and pullback is expected before potentially heading higher into mid-week next week. Keep an eye on the VIX for potential moves. I noticed an interesting battle around Fibonacci levels at...
As a cryptocurrency enthusiast and trader, I'm excited to share my technical analysis on Bitcoin and its potential movements this week. With the full moon approaching on Wednesday night, we may witness some increased volatility in the market. Although it may not necessarily set a new trend, I am confident that we will see some action in the days surrounding this...
In my previous analysis of INJUSDT, I expressed my bullish outlook on the altcoin, anticipating a consolidation period followed by a push towards the 5.35 zone and eventually reaching 7.50. As we approach another area of resistance, I'd like to provide an update on the current situation, explore the importance of consolidation and breakout patterns in technical...
Reflecting on the history of Bitcoin, I've observed that there have only been a few instances when the price dipped below the 55 exponential moving average (EMA) on the monthly timeframe. I remember back in January 2015, there was a tiny wick below the 55 EMA. Then, in January 2019, we experienced our first candle close below it. Fast forward to July 2022, and we...
The S&P 500 Index (SPX) futures have recently deviated from prior expectations, exhibiting a lot of overlapping and corrective price action. This irregularity has led to uncertainty about the market's near-term direction. As we approach the end of the week, let's take a closer look at the anticipated trends and key levels to watch. Today's upward movement may...
Ripple (XRP) has acquired significant attention from traders and investors recently, and it currently sits at a crucial point in its price action. I will analyze Ripple's recent performance and potential future scenarios from an Elliott Wave perspective. Additionally, I will discuss some of the factors that may influence Ripple's price, as well as its relationship...
In the world of technical analysis, patterns play a crucial role in forecasting the future movements of a financial instrument. One such pattern is the leading diagonal, which can signify the start of a more extensive zig zag formation. In this article, I will delve into the recent price movements of the S&P 500 Index (SPX) and how a leading diagonal pattern has...
This technical analysis will examine Apple Inc. (AAPL) stock, focusing on the inverted head and shoulders pattern identified several days ago. I'll discuss the stock's recent performance, the breakout from resistance around $156, and potential future scenarios based on current market conditions. Inverted Head and Shoulders Pattern The inverted head and...
I'd like to examine the recent performance of the S&P 500 Index (SPX) futures and provide a simplified analysis. I initially targeted the 3990 level for SPX futures, but the market fell slightly short of this target. It's still possible (and likely) that we could see a move down to this level (or 3970-3980) in the near future. The current market movement appears...
In this update, I'm going to dive into a short analysis of Bitcoin's performance since last June, exploring three potential scenarios and their implications for both beginner and advanced traders. My aim is to provide an accessible yet technical discussion that caters to a wide range of users. Scenario 1: Expanded Flat (BEARISH - top may be in or very close)...
In this brief idea, I will discuss the recent performance of the S&P 500 Index (SPX) futures and provide some educational insights for new traders. Over the course of Friday and the weekend, SPX futures experienced a considerable incline, followed by a slight correction. From the low at the Europe open, it appears that a 5-wave impulse has completed, and based on...
Over the weekend, I've been analyzing Bitcoin's performance, seeking to determine its next market move. Similar to my view on the S&P 500, I believe that Bitcoin is due for a correction in the near future. It's possible that we could see a spike to $30,600 or even slightly above before experiencing a larger rejection. This level represents an equality target...
This idea explores an alternative scenario for Bitcoin's price movement, considering the possibility of an expanded flat wave pattern from an Elliott Wave perspective. I will discuss the likelihood of this scenario occurring and analyze different price targets based on various projections. Bitcoin has experienced significant price fluctuations since its...
Over the past week, Ethereum has exhibited both volatility and stagnation, trading within a defined price range. I would like to provide an analysis of Ethereum's price action, discuss the significance of support and resistance levels, and highlight the importance of Bitcoin dominance in the cryptocurrency market. Ethereum's Price Range: A Closer Look Since...
As the trading week comes to a close, market participants have witnessed a slow yet steady rise in SPX futures. I'm going to dive into the advantages of trading futures, analyze the recent price action in ES futures and the SPX index, and discuss the leading diagonal pattern that played out in the market. I will also provide insights into what to expect for the...
The financial markets are a complex ecosystem where a multitude of factors influence the movement of securities. One of the key aspects of understanding market dynamics is recognizing patterns and monitoring key levels that can indicate possible future trends. In this article, I will discuss the leading diagonal pattern, its importance in technical analysis, and...
Cardano (ADA) is a decentralized public blockchain and cryptocurrency project, built on a proof-of-stake consensus algorithm called Ouroboros. Since its all-time high of around $3 in 2021, ADA has experienced a significant downtrend, reaching lows of about 24 cents. The combination of a declining asset and declining Bitcoin (BTC) creates an ideal environment for a...
As the stock market experienced a significant downturn today, Bitcoin continues to show signs of strength, defying traditional market trends. The wave master indicator on the 4-hour timeframe suggests that Bitcoin may be on the verge of a final upward move. In this write-up, I will explore the potential impact of this move on Bitcoin's price, altcoins, and market...