From an Elliott Wave Theory perspective, #bitcoin is currently ending a corrective wave 4. Duration is now identical to that of prior Wave 2 so we are fine in that regard. In terms of structure, this correction is complex, alterning with Wave 2´s standard ABC correction. We could either be in a Flat ABC or in a WXY zig zag, this is not yet defined. In any case it...
LONG BINANCE:MATICUSDT.P My take is that MATIC has been forming and may now have ended (else is close to ending) a complex triple three (3-3-3) WXY correction. Said correction is, as per Elliott Wave theory, comprised of a combinations of corrective patterns. I spot three ossible ABC´s within the WXY- Target area for Y wave has been hit at $0.7713 , and may...
My analysis is mainly based on Elliott Wave´s Theory pursuant to which, after reaching its LOW back in November 2022 (at about $15,600) it neatly met each of the required targets for 12345 impulse. In said impulse, most of us would agree that we would be riding the final tranche of a HUGE Wave 3. Digging a bit more, there are basically 2 favored options: Bullish...
Take a look, this is the traditional Cup& Handle chart structure in Jupiter (JUPUSDT pair). Trade and Enjoy!
Looks like Bitcoin´s current correction is now ready for an uptrend rally, or about to be. I have spotted a traditional "pennant formation" which could shoot up to $48250-$48700 or perhaps even touch/briefly break, the prior $49000 "Bitcoin Spot ETF" high which took place Jan 11, 2024. Entry points should be sought after pullback, at the $43380-43400 area or...
Apple is undergoing a correction phase after peaking @$200 As per my Elliott Wave count we would be in the beginnings of a larger Wave 5, in an uptrend. I understand there is daily volume support in the range of $177-180, expecting buyers to defend the price if it reaches said zone. Current price @ around $182.50 seems an attractive entry point for a LONG...
As per Elliott´s Wave theory, #Bitcoin´s rally is a clear Wave 3 which might have topped at $49.105 (where it found prior 2021 resistance zone). The Daily EMA55 has been holding back the necessary correction (oxygen after a 98.76% rally measured from Aug 14, 2023). Until now... Although the current wave is barely Wave A out of ABC (Wave 4) we would be headed...
I have spotted the potential answer to Ethereum´s weird price action since hitting the june 2022 low. If we break up the waves, I see the 5-3-5-3-5 structure present in what modern Eliott Wave Theory calls the leading diagonal. In this case, I assume it is a major Wave 1 which after correcting in Wave 2 shall drive us to an ultra bullish Wave 3 (bull market?)
Below you can check Cake’s Bus Stops on its way to the “underworld” of tokens. Who knows if it can be saved at this sad point. Sad story. Good times are now long gone.
CAKE has reclaimed 1.50 after a scary 1.30 bottom, but is it enough? In the first place, we must stress out the fact that CAKE´s correction has been violent and very steep. However, it you look at things from a weekly perspective you might just think that the whole movement down from the ATH is corrective rather than impulsive. Having said that, reality remains...
This Sunday I erased all of my TA regarding SOLANA. In the end, it was a shaky friday-saturday and SOLANA totally changed its course. From a "bottom reached" market consensus to a.... falling knife! My personal position was that an ABC was in place, that it could have already reached its first target of a C, but that it was also a very "short" C. Never did I...
Here´s my simplified visual idea for Bitcoin´s next move which seems to be a minor correction. The price scored 3 in a row: 1) Filled the volumen gap; 2) Reached EMA 200; and 3) Reached the inverted wedge´s top. What´s next? Tough to say, loos so impredictible lately! However, it would be rational to see the price make a minor ABC correction retesting May 12,...
Sharing a simple yet very visual idea of what could be happening with SP500 in terms of Eliott Wave. We would be in an ABC correction, A finished, B in course, near to its end, C to happen in the future. In the end, uptrend. So short term, LONG for a little while, might end anytime soon. Medium term, further correction (SHORT). Long term, LONG.
So here we are with NASDAQ:CAKE , not only did it enter the death zone but it also went "deep into it". We made lower lows and thus decoupled from the rest of the pack (bitcoin, ethereum, bnb, even solana!) which is correcting, yes, but did not invalidate the - for the time being- end of the bearish trend that begun showing its teeth back in may 2022. Where do we...
CAKE token has been struggling for a very long while. We thought the sky was clear once we so the probable Wave 2 and an impulse that promised to be, and was not, Wave 3. Sadly Wave 2 is being redrawn and 0.886% has been tested... today. Should it break (and close a daily candle) below said Fibonacci value and it will be very unlikely to see a recovery. Worried...
Be careful, I just spotted a ***very strong*** RSI divergence on the daily timeframe. The relief rally might (I said might, mind you!) be "about over" and price could easily turn downwards, correcting strongly in a Wave 2. This would not impair the bullish scenario, which would remain in the table, should Wave 3 finally form thereafter. Price looked headed towards...
Probably more downside to align with RSI’s 4H divergence. Target shown in green arrow. Seems to be a Wave 5 ending either a greater Wave C (end of this correction?) else still part of motive wave in greater Wave 2. Will see
So another coincidence. If we see the major moves as a corrective ABC, january was Wave C, and with today´s pump we´ve reached exactly Fib 1.236% of Wave A in that count AT THE SAME TIME THAT WE REACHED 1.236% of the minor wave A of my prior idea. Still not confirmed, but looks quite interesting as it would explain the movement. Of course, Bitcoin can prove me...