NoaTrader

NoaTrader Updated 

After 4 years of upward movement and reaching the ceiling of 5% yeilds. Considering the momentum of the current downward trend from the 5% resistance, as long as the wave counting is considered correct and not violated, all financial markets, especially bitcoin, gold, and the US stock market for about the next year (2024) may be ascending IF the bonds break the 5%...

NoaTrader Updated 

With the break of the local top at 2000$ resistance (which can be considered a support now) we can consider a swing long. Although we are going long near a resistance area but different Elliott wave counting scenarios lead to the same short term upward movement. We consider today's daily candle's high as entry and low as the stop loss. The 61.8% of the previous...

NoaTrader Updated 

Here we can we another lower high developed on gold with a cross candle stick pattern. It is very alike (to the inversion of) the latest daily candle of the US10Y bonds which is near a support area and can be the start of a throwback there and push gold further down. The break of 1930$ support can lead to 1910$ which is 100% of the 2000$ till 1950% move and also...

NoaTrader Updated 

If you know TON already then there is no need to explain, but if you don't consider that it is backed by telegram with 800 million users, it is in the top 15 of the coinmarketcap and still not listed on Binance yet! Despite being a really attractive asset to invest or get some bag for DCA here, it can be considered a long signal as the end of wave A. Entry, SL and...

NoaTrader Updated 

Tron had one of the best relative strengths this year compared to the whole crypto market. Recently it broke the ascending channel and retested it within the same zone at a bigger Fibonacci level. Here we can see the bigger picture at weekly timeframe. A 2 RR is determined for the trade. Although it is near the resistance, but the support seems good enough to...

NoaTrader Updated 

Gold has developed a lower high near the local top with a pin bar candle stick pattern last week on daily timeframe. It can be used as a short signal with proper risk to reward ratio within a favorable resistance zone. This is the bigger picture we assume for gold movement based on Elliot waves theory. Even if the wave counts get compromised and price breaks the...

NoaTrader Updated 

As you can see, we can count Elliot waves till here. Fibonacci levels match the end of wave 4 projection, and a few shadows came across and then came back up fast at 61.8% level. This is a high-risk trade with good risk to reward ratio. Entry: 0.0000314469 $ TP: 0.0000418000 $ SL: 0.0000283767 $

NoaTrader

Yesterday, the statistics for Nonfarm Payroll in the United States were much higher than expected and had a relatively strong and emotional reaction in the financial markets. The interesting thing that happened was that the bonds are coming back very quickly after the correction to continue their upward trend and gold is also supported at 1815 $ and so far, no...

NoaTrader

Targets for the end of correction as the C wave on the chart. Each wave fits fibo perfectly! Let's first see where the C wave ends and then consider the next move w/ macro...

NoaTrader Updated 

First let's take a look at the bigger picture here: First, we are near a major resistance which is 50% of the correction starting 48K down to 15K. Second, we are at the start of the wave 3 both on daily and hourly chart. On the hourly chart, possible pivot points can be here as the end of wave C based on the wave A fibo. Getting the exact bottom can be hard and...

NoaTrader Updated 

According to socionomics, Elliot waves can help in projecting the possible social mood of traders reflected by the price movement. We can see the possible area for the end of wave C as the potential end of wave 2 and the start of bigger wave 3. Time wise, if the 12345 wave take 61.8% of the movement and ABC correction the remaining 38.2% time, we can project the...

NoaTrader Updated 

Here you can see the possible start of Elliot's 5th Wave (The Green). The end of wave 4 is also matched with Bollinger's Lower Band and Top of Ichimoku cloud. It's A price where a lot of indicators and stuff may give the same signal. Here is the bigger picture wave counting: It is all just a technical analysis and a new ATH for gold is a huge deal which should...

NoaTrader Updated 

Elliot wave rules: Rule 1 - Wave 2 cannot retrace more than 100% of Wave 1 Rule 2 - Wave 3 can never be the shortest of the three impulse waves. It doesn't necessarily have to be the longest, but it cannot be the shortest. Rule 3 - Wave 4 cannot overlap Wave 1 The Guideline of Alternation suggests that Wave 2 and Wave 4 will alternate, or be different in their...

NoaTrader Updated 

Bitcoin was very weak relative to dollar and gold last week and there was no evidence of bulls in the recent move. But now we are seeing some actions... A lot of resistances ahead, each one of them can be used as a take profit target and also as a trailing stop loss. Good risk to reward for entering here after breaking the first dynamic resistance (the cyan trend...

NoaTrader

We are at a bullish trend but since we are here at a resistance zone (and DXY showed a sign of reverse near the important support), it might be interesting to consider a reversal projection based on Eilliot Waves theory; IF this week's high is the end of the (a) wave and the price does not go higher...

NoaTrader Updated 

This is more like long term analyze about ₿. Of course, ₿ is bullish but how much can it go higher? Those who bought lower, when will they take profit and wait for a better price to buy again? I want to point out a few things that I haven't seen anywhere else. First, the volume pattern is exactly like the previous cycle from 19K to 24K: 1- pump with the highest...

NoaTrader Updated 

Since the last bull run we can see a clear wave count on the chart, if the price cannot pass the 28500 level then we can confirm that all of the 5 waves are completed, and it is time for the correction. Also the trend line of the two last higher highs projects the next possible higher high. And maybe the most important thing is that as the price is going higher,...

NoaTrader

Current trend and market structure: first time a 4H candle CLOSE above the local resistance higher lows consistently during past three weeks less correction with each resistance touch but the slope of higher highs is lowering meaning it is taking longer to go less high. It WAS more bullish till now BUT ... Current orderbook Situation: we are...