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Correction

Rising from the Ashes: GALA V2 Ignites a Spectacular GALA Run GALA V2: Igniting a Thrilling Bull Market Breakout, Surging GALA, the blockchain and gaming juggernaut, defies expectations with an explosive breakout synced with the highly anticipated bull market. The migration to GALA V2 and a jaw-dropping burn of 21 billion shares set the stage for an electrifying ascent. Within an ascending parallel channel, GALA captures the attention of investors with an unwavering climb. Riding the bullish wave, GALA holds its position, delivering mind-boggling returns exceeding 5 times the initial investment. This breakout, perfectly aligned with the bull market, shakes the cryptocurrency world. GALA emerges as an unrivaled force, reshaping success in blockchain and gaming. Partnerships flourish, users multiply, and investors rush to join this meteoric rise. Hold on tight as GALA skyrockets, defying expectations and setting new benchmarks. The fusion of GALA's breakout and the bull market is an adrenaline-fueled spectacle, where dreams turn to reality and investors witness unprecedented returns. Get ready to be part of this thrilling journey!
Long
by MarkBTV
Elliott Wave View: DAX Pullback in ProgressShort term Elliott Wave View in DAX shows that the Index ended wave (3) at 16333.28. It is now pulling back in wave (4). Internal subdivision of the pullback is unfolding as a zigzag Elliott Wave structure. Down from wave (3), wave ((i)) ended at 16179.14 and rally in wave ((ii)) ended at 16224.32. Index then resumes lower in wave ((iii)) towards 15802.86 and rally in wave ((iv)) ended at 15872.60. Final leg wave ((v)) ended at 15726.5 which completed wave A. Index then did a corrective wave B rally which unfolded as another zigzag in lesser degree. Up from wave A, wave ((a)) ended at 15860.37 and pullback in wave ((b)) ended at 15726.74. Index then rallied higher in wave ((c)) towards 16079.73. This completed wave B. Index then resumes lower in wave C with internal subdivision as 5 waves. Down from wave B, wave ((i)) ended at 15925.22 and wave ((ii)) rally ended at 16058.43. Expect Index to extend lower within wave ((iii)), then rally in wave ((iv)) followed by another leg lower in wave ((v)). This should complete wave C and (4). Potential target lower is 100% – 161.8% Fibonacci extension of wave A which comes at 15103.6 – 15476.8. Near term, as far as pivot at 16333.28 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
XETR:DAX
by Elliottwave-Forecast
The dollar remains strongEURUSD made a lower high yesterday and we now see a test of 1.0700 again. We continue to watch for a breakout and exhaustion of the move. While we wait for clear opportunities in the major pairs we are trading EURAUD where we are seeing a pullback from the support zone. (We shared about this movement in yesterday's email.) If the EURUSD continues to hold at these levels and the decline remains smaller than that of the AUDUSD, this will help the rise in the EURAUD.
by ForexTrendline
2
CHFJPY I Potential return to the previous structureWelcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
AUDUSD I Brief correction and more potential downsideWelcome back! Let me know your thoughts in the comments! ** AUDSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
14
Will BTC Break and Bounce from their 200 Moving Average or Fall?In light of recent market trends, Bitcoin is set to pump due to its strong respect for the 200 EMA as a key support level, indicating robust investor sentiment. Coupled with increasing institutional adoption and favorable market indicators, this sets the stage for a potential bullish surge in Bitcoin's price. While strong indicators suggest a potential upswing, it's critical to understand that market cycles are inherently unpredictable and don't always follow historical patterns. Investment decisions should always account for the volatility and risk associated with the crypto market, underscoring the importance of a well-diversified portfolio. For an altseason to kick off, typically, we would first need to see Bitcoin consolidate or slowly trend upwards without extreme volatility. This stabilization often leads investors to look for higher returns in altcoins, pumping more money into the broader crypto market. It's crucial to remember, though, that these market cycles can be unpredictable, and risk management should be a top priority during any potential altseason. "What are your top picks for the next altseason and why?" "Do you agree that a Bitcoin consolidation phase could signal the start of an altseason?" "What strategies do you use to manage risk during a potential altseason?" "What indicators are you looking at for potential crypto market movement?" "In your opinion, how does Bitcoin's current behavior align with previous market cycles?" "What's your perspective on the correlation between Bitcoin's performance and the altcoin market?"
CRYPTO:BTCUSD
by MarkBTV
1
Bitcoin Is Finishing A Corrective DeclineBitcoin with ticker BTCUSD made nice and clean A-B-C correction in the 4-hour chart as mentioned and highlighted. We can actually already see it trying to wake up from the first 26k support area, but to confirm a completed correction, we need to see a recovery back above channel resistance line and 29k region. Just in case if correction is still in progress, then next deeper support is at 25k-24k that can be tested within an ending diagonal (wedge) pattern for wave C according to count #2.
BITSTAMP:BTCUSDLong
by ew-forecast
1
Next stop 30-35K , when the big drop will happen?Sitting in a support inside 27K Calm your hype; we aren’t in a bullrun yet and the botttom isn’t in. The correction and bear market isn’t over yet. This is the perfect time to buy and then bitcoin should ride off along to get to the top which will take awhile; I see this as a long term. Please use proper risk management of your own. When the big drop? Big drop we should expect around 34K-36K then long term downside and correction respecting resistance back n forth. Then bitcoin will bottom in around inside $10K area of inside sound 8000$ area. Should bottom in a month before the halving in 2024 and bull run will begin from there BITCOIN HALVING DATE/DEADLINE: April 27th,2024 If missed any my recent post it be link related below. Trade safe y’all and watch reversals
BITSTAMP:BTCUSDLong
by JoyBoyVegae
1
Broken Channel Support On EURUSD Can Cause Deeper Correction“USD is turning up vs EUR ahead the US debt-ceiling deadline. EURUSD pair breaking the trendline support“ The USD is higher while stocks are still somehow sideways. The reason for the higher USD can be optimism and speculation about US debt-ceiling. We expected that they will approve it, otherwise, this will cause a lot of damage on the financial market. Yellen has repeatedly warned that »failure by Congress to raise the $31.4 trillion federal debt limit could spark a “constitutional crisis” and would unleash an economic and financial catastrophe for the U.S. and global economies”, as reported by Reuters. USD is trading higher with US yields, and it appears there can be more USD strength coming when looking at the EURUSD pair. From Elliott wave perspective, every five-wave impulse from lows/highs suggests a change in the trend, but most importantly, after every five waves there comes a three-wave correction. EURUSD has been trading higher as expected and reached a new 2023 high, where we still think that pair can have now a “temporary” failure break to the upside, which certainly can be the case as recovery seems to be slow and overlapping up from March 1.0517 low. So, latest leg up EURUSD from 1.0517 low, can be an ending diagonal in wave 5 of a higher degree five-wave bullish, which is also a very strong bullish reversal pattern. Now that EURUSD is turning down, we can also see the pair trying to break out of an important Elliott wave channel support line after a bearish divergence between highs of wave five and wave 3 which is usaully the case at an important top of an impulse. That said, we think that a higher degree correction can be underway now with next ideal support for the EURUSD this year visible at the former wave (4), 1.05 support area.
by ew-forecast
2