Bitcoin with ticker BTCUSD is coming down out of the wedge pattern and it looks to have a completed wave (5) of 3, so we should be aware of deeper, higher degree (A)-(B)-(C) corrective setback within wave 4. It can actually retrace the price back to 64k - 59k support zone before we will see a bullish continuation for wave 5 of III.
USDollar Index - DXY is falling due to lower US Yields and we have been talking about that in the previous articles. There can be actually room for much more weakness, but on the intraday basis, we see room at least for one more leg down towards 102.00 level or lower. We have seen some intraday recovery recently, but looks like a clear corrective movement in...
Despite the fact that Bitcoin is breaking all-time highs and that some ALTcoins are already on the rise, Bitcoin dominance is actually still here and there can be space for more upside to complete a five-wave bullish impulse before Bitcoin dominance slows down and ALTcoin dominance kicks in. From Elliott wave perspective, we are tracking a bullish triangle in wave...
BTCUSD hit projected target area for wave III and it's now turning down after the BTC spot ETF approval, ideally within a higher degree wave IV correction before the uptrend for wave V resumes. Looking at the 4-hour chart, we are tracking a three-wave A-B-C corrective setback that can retest 40k-38k support area, so after wave B recovery, watch out for more...
DAX has seen some deep pullback in 2023, but it was A-B-C drop into the important 14400-14600 area. We can see nice and clean impulsive recovery from that support area and back to new highs, so bullish trend is back and it's very strong one; a move that can resume even higher after recent consolidation. Ideally that's wave 4 that can be now completed with current...
Silver is trading sideways since 2021, a move that can be a corrective because of choppy and overlapping price action. Ideally, its a very big triangle in progress, with final wave E in play, which can be in late stages now, so ideally prices will stabilize in weeks ahead. We can already see that the price on 4h time frame is turning up from projected...
The DeFi Index is a capitalization-weighted index that tracks the performance of some of the largest protocols in the decentralized finance (DeFi) space. DeFi Index is trading an in impulsive recovery away from the lows, which is from Elliott wave perspective ideally unfolding a five-wave bullish cycle. After recent corrective slow down, which we see it as a wave...
OMG Network with ticker OMGUSD nicely stabilized and the end of 2023, clearly within a five-wave bullish cycle that belongs to first leg (A)/(1) of a minimum three-wave (A)/(1) - (B)/(2) - (C)/(3) recovery. Since the start of the 2024, we have seen slow, choppy and overlapped decline, which clearly looks like a correction, ideally W-X-Y complex one in wave...
Cardano with ticker ADAUSD can be trading in a higher degree wave (5) that can retest the December 2023 highs. Looking at the short-term hourly chart, we see it slowing down for subwave iv correction before a continuation higher for wave v of (5) towards 0.70 - 1.00 target area. Ideal support comes here around base channel resistance line and 0.58 - 0.56 area.
Bitcoin Cash with ticker BCHUSD made a strong recovery back in July of 2023 which might be wave (III) because a slow down from $330 is overlapping, thus it can be a correction, so ideally that's a wave (IV) retracement, meaning that uptrend for wave (V) can still show up on a daily chart with space up to 400-500 area. We are actually tracking a bullish triangle...
Japanese Yen has been very weak since start of the year, but we can see a three-wave A-B-C corrective decline on Japanese Yen Futures chart, which can be now completed by current sharp reversal up above important trendline. So, we believe that Japanese yen may now face a recovery in the upcoming days/weeks, maybe months, just be aware of short-term pullbacks.
US Yields have topped back in October 2023 with sharp leg down, which is from Elliott wave perspective first leg A of a deeper A-B-C decline that can send the price back to the former wave 4 area to 3.25% - 2.5%. At the same time, we can see USdollar Index - DXY also turning down due to a positive correlation with Yields, we just saw some divergence in...
Treasuries are trying to recover after making some nice and deep pullback in last few months as FED decided to wait on more economic data before they may finally cut rates. The pattern on 10 year US notes is looking bullish here after that impulse up since Novemeber, seen as wave (A), so obviously this tells us in which direction market can move after a...
Good morning Crypto traders! Crypto market slowed down yesterday with an interesting spike down into important support area for a higher degree wave 4, from where we can see a quick stabilization. Well, we believe that more upside is coming for wave 5 of (3), just be aware of more complex wave 4 here if the market stay slow and sideways for a longer period of time.
ALTcoins are still dominating in the Crypto market. Looking at TOTAL3 crypto market cap chart, which excludes Bitcoin and Ethereum, we can clearly see a bullish pattern. After a complete complex W-X-Y correction in wave (4), we can now see an impulsive minor five-wave recovery, which can be first wave 1 of a higher degree wave (5), so after a pullback in wave 2,...
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...
Hey guys, Crude oil came down recently, which can help inflation to come down as well if energy market will continue to decline. In fact I see nice bearish pattern, so my assumption is that US yeilds and USD can be trading at resistance. In this video I will also look at the chart of the 10 year US yeilds where I see greater chance for a drop to 3% rather than...
Crude oil made only three waves up over the last few weeks, which indicates for an A-B-C correction within downtrend. It actually retraced into golden 61,8% Fibo. and 80.00 area from where market turned down and now pointing lower, possibly back to the 2023 lows if the channel is broken. So, energy can see more weakness as latest latest 4h structure looks bearish...