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Economic Cycles

ETH through prism of Fib and Elliot wave theoryHello everyone. Today I will talk about ETH, the one ALT to rule them all. It is best if we look at the big picture and forget about day-to-day movements, news and all the other noise. Let us just look at the chart through basic Fibonacci levels paired with Elliot Wave Theory. First lets go through Elliot waves. Wave 1 started in 2017, first bull run. Wave 2 was in 2018, bear market. Wave 3 2019-2022, bull run. Wave 4 was short bear market in first half of 2022. We are currently in Wave 5. I have added to this chart Trend-based Fib extensions to help predict the possible top. Wave 3 ended just below 3.618 Fib extension. I like to be more on the conservative side so I will be looking for this run to end at max 2.618 Fib extension, which currently projects a price of 13k USD per ETH, making it a potential 4x profit. Remember, this is not a financial advice. This is just my thinking, shared with you. If you like my work, give it a boost and check my other ideas. If you find value in them, subscribe. Good luck!
COINBASE:ETHUSDLong
by carefulCheese32259
Doge SellAhmadarz analysis based on the DOGEUSD chart: Chart Analysis: Resistance Zone (Sell Zone): Around the $0.22–$0.23 range, there's a visible resistance level where sellers could potentially take control. The price has approached this upper zone but appears to lack momentum for a breakout. This level is marked in red on the chart and labeled as the "Best zone for Sell." Support Zone (Buy Zone): The support zone lies closer to $0.115, with the area marked in green as the "Best zone for Buy." If the price falls to this level, it might attract buyers, providing a good potential entry point for a rebound. Current Price Action: The price recently made an upward push but faced rejection near the resistance zone, suggesting a potential trend reversal or correction. The price is in a consolidation phase, bouncing around near the resistance line. A drop could lead the price back down toward the buy zone. Trading Signals 📉📈 Sell Signal: If DOGE/USD continues to face resistance around the $0.22–$0.23 level, consider a sell entry in this range. Confirmation with candlestick patterns like bearish engulfing or a clear rejection might add more strength to the signal. 🎯 Target for this position could be near the next support zone around $0.15. Buy Signal: If DOGE/USD declines towards the $0.115–$0.12 support level, this could offer a buying opportunity for a rebound. Buyers should watch for a bounce or bullish patterns near this level. 📈 Set a target around $0.15–$0.17 for potential gains. Risk Management ⚖️ Stop-Loss for Sell: If entering a sell position near $0.22, a stop-loss around $0.23 would limit potential loss if price breaks out of the resistance zone. Stop-Loss for Buy: For buy entries near $0.115, a stop-loss below $0.11 would be a protective measure if the price continues down. Sell Signal 📉 Entry: $0.22 - $0.23 StopLoss: $0.235 Targets: TP 1: $0.20 TP 2: $0.18 TP 3: $0.15 TP 4: $0.12 Conclusion 📝 This chart suggests a range-bound scenario with key levels to watch. Traders could look for sell opportunities near resistance and buy opportunities at support.
COINBASE:DOGEUSDShort
by ahmadarz
2
FILECOIN LONG-SWING TRADINGI’m starting to go long on altcoins, beginning with Filecoin. I see a realistic target before the weekend, ahead of a potential breakout. BINANCE:FILUSDT This is a swing trade setup, with the plan to close it by the weekend or on Sunday at the latest. Entry Strategy: OTE (0.705) + FVA + FVG + Overlapping Defense Trade Management: Consider taking the first profit at the 1.62 Fibonacci level. However, with altseason on the horizon, I'm aiming higher—targeting the 2.62 level to close the trade if all goes as expected. Altseason is approaching. Stay calm; there’s still time to position yourself for solid entries at good prices before December.
Long
by Jaytradermb
Bullish time in CORN ahead \o/You can see here the CBOT:ZC1! price displayed in a line chart. After reaching its high in early 2022, the bears took control, driving the price down significantly until now. The factors in play are as following: Seasonality: Corn prices have historically shown strength from December through March, aligning with planting and crop cycles. This seasonal trend could provide a solid backdrop for a potential price recovery. (highlighted in green on the chart) Interest Rates: We’ve reached a pivotal moment in the Federal Reserve's interest rate cycle. The rate hikes that began in March 2022 coincided with the start of the bearish trend, while recent rate cuts in September 2024 may support a rebound in commodity prices, including corn. This shift in monetary policy could act as a bullish catalyst for corn and other commodities. (highlighted in orange on this chart) Technical Indicators: For additional confirmation, one could wait for a bullish crossover of the moving averages (a golden cross). Such a cross would reinforce the technical setup and definitively signal the onset of a new bull market in corn. With these factors in play, corn could be setting up for a strong rally in the months ahead.
CBOT:ZC1!Long
by p4917
GOLD | Preparing for Short OpportunityI am looking to short gold by comparing and simulating the previous impulsive trend, expecting a similar price and time structure. Price is approaching key Fibonacci levels between 2815 and 2830, which coincide with a potential reversal zone from the recent bullish leg. Before entering the trade, it's crucial to wait for clear confirmation, such as a strong bearish candlestick pattern or momentum shift with a bearish divergence on the MACD.
OANDA:XAUUSDShort
by SRA_Trades
🔍 Bitcoin Halving 2024: Unraveling the Next Big Rally🔥CRYPTO:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. With only 17 days left until the monumental #Halving2024 event ⏳, the anticipation within the crypto community is palpable. Bitcoin ( CRYPTOCAP:BTC ), the trailblazer of cryptocurrencies, is already trading above its All-Time High (ATH), signaling a market that is ripe with optimism. But the real spectacle? It's just on the horizon. 65K is my ideal support for further corrections. Follow me for more insights ... 🚀🌕 📈 What to Expect? Historically, Bitcoin undergoes a halving event every four years, a process that cuts the mining reward in half. This deflationary mechanism reduces the new supply of Bitcoin, potentially leading to an uptick in price as demand continues to rise against a limited supply. The aftermath of past halvings has witnessed substantial rallies, and the question now is, not if, but how high will CRYPTOCAP:BTC soar post-Halving2024? 🔑 Key Insights: Our analysis delves deep into the historical data, comparing pre and post-halving market behavior. The patterns observed suggest a 'wild mode' activation for Bitcoin, often kickstarting a major bull run. But what makes this halving event different? With CRYPTOCAP:BTC already above its ATH, the stage is set for unprecedented growth. 💹 🧐 The Break Point: The Halving Event is often regarded as a Break Point for Bitcoin, a transformative phase that catapults it into a new valuation territory. Our projections, rooted in sophisticated economic models and historical trend analysis, point towards a bullish explosion that could redefine market expectations. 🌐 📊 Strategy for Investors: The countdown to the halving is a critical period for investors. Being early in accumulating CRYPTOCAP:BTC and altcoins could position you advantageously for the impending rally. Our advice? Don't wait for the market to move post-halving. The opportunity is now. Accumulate, diversify, and prepare for the ride of a lifetime. 📈 💥Be Part of the Revolution: #Bitcoin's halving is not just an event; it's a testament to the resilience and revolutionary nature of cryptocurrencies. Join us as we navigate through these exciting times, armed with data-driven insights and a community of passionate investors. Whether you're a seasoned trader or new to the crypto space, now is the time to be part of something extraordinary. Let's embrace the future, together. 🚀🌕 #Halving2024 | #BTC | #CryptoRally
CRYPTO:BTCUSDLong
by CrazyS
2
Catch the Wave - "1986 Coca-Cola Slogan"Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈KO has been overall bullish, trading above the red trendline. Moreover, it is approaching a demand zone marked in red. 🏹 The highlighted red circle is a strong area to look for buy setups as it is the intersection of the demand zone and red trendline acting as a non-horizontal support. 📚 As per my trading style: As #KO approaches the red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NYSE:KOLong
by TheSignalyst
1
BTC conclusionAnalysis by Ahmadarz📊 Key Observations: 1. Support Zone: - 🛡️ A significant support zone is marked around 48,987.22, which has been tested multiple times as indicated by the green arrows. - 📈 The price has recently bounced from this support, suggesting strong buying interest in this area. 2. Resistance Levels: - 🚧 Multiple resistance levels are identified at 58,312.00, 62,497.20 - 62,454.00, 68,067.36, 71,773.98, and 76,514.94. - ❌ These levels are marked with red arrows and have historically acted as barriers to upward movement. 3. Chart Patterns: - 📉 A descending triangle pattern is evident, typically a bearish pattern. However, the price has broken below the triangle but then recovered, indicating potential bullish momentum. - 🔄 The chart suggests a possible bullish reversal, with the price projected to move upward after holding above the support zone. 4. Price Action: - 💹 The current price is 55,530.01, showing a recent recovery from the lows. - 📊 There is a marked projection showing a potential upward move towards 76,514.94, passing through intermediate resistance levels. Detailed Analysis: - Bullish Scenario 📈: - 🟢 If the support at 48,987.22 holds, the price could see a gradual move upwards. - 🎯 Immediate targets would be the resistance levels at 58,312.00 and 62,497.20 - 62,454.00. - 🚀 A successful break above these levels could lead to further upside towards 68,067.36 and beyond. - Bearish Scenario 📉: - 🔴 If the price fails to hold the support at 48,987.22, we might see a retest of lower levels, potentially around 43,103.08 or even lower. - ⚠️ Failure to maintain above this critical support could indicate continued bearish pressure. Trading Strategy: 1. Entry 🛒: - Consider entering long positions near the support zone of 48,987.22 with a stop loss slightly below this level. - Alternatively, wait for a confirmed break above the immediate resistance at 58,312.00 before entering a position. 2. Targets 🎯: - Initial targets would be the resistance levels at 58,312.00 and 62,497.20 - 62,454.00. - Extended targets could be 68,067.36 , 71,773.98, and ultimately 76,514.94. 3. Stop Loss🛡️: - Place stop-loss orders below the support zone at 48,987.22 to manage risk. Conclusion: 📊 The chart suggests potential bullish momentum if key support levels hold, with several upside targets. However, traders should remain cautious and watch for any signs of weakness at the support levels. External factors and market sentiment should also be considered in conjunction with this technical analysis. 🚀📉💡
by ahmadarz
2
Elliott Wave View Calling for S&P 500 (SPX) to Extend HigherShort Term Elliott Wave View on S&P 500 (SPX) suggests rally from 8.5.2024 low is in progress as an impulse. Up from 8.5.2024 low, wave 1 ended at 5651.6 and pullback in wave 2 ended at 5402.6. Index then extended higher in wave 3 towards 5878.4 as 45 minutes chart below shows. Wave 4 pullback unfolded as a Flat Elliott Wave structure. Down from wave 3, wave (a) ended at 5821.17 and rally in wave (b) ended at 5863.04. Wave (c) lower ended at 5762.4 which completed wave ((a)) in higher degree. Bounce in wave ((b)) unfolded as a zigzag structure. Up from wave ((a)), wave (a) ended at 5817.8 and wave (b) ended at 5784.92. Wave (c) higher ended at 5862.8 which completed wave ((b)) in higher degree. Index resumed lower in wave ((c)). Down from wave ((b)), wave (i) ended at 5802.17 and wave (ii) ended at 5850.94. Wave (iii) lower ended at 5702.8 and wave (iv) ended at 5772.5. Final leg wave (v) ended at 5696.06 which completed wave ((c)) of 4. The Index has turned higher in wave 5. Near term, as far as pivot at 5696.09 low stays intact, expect the Index to extend higher.
CBOE:SPX
by Elliottwave-Forecast
AVAX vs BTC | ALTCOINS | Life Changing IF This Pattern Plays OutFractals have been used for years as possible suggestions to map how money moves in the financial market. This is what gives them significance; they draw out a sort of map. The hard part about fractals though, is that they often appear cross markets and it is no easy feat to spot similarities on large scale. However, to the seasoned eye, fractal-spotting becomes easier over time. There is a misconception that fractals can only be used in the same timeframe. This is simply because, as with Bitcoin, there is a large history of candles (data) that plays out in an elaborate pattern. Daily candlestick patterns become lost in weekly patterns, even though the general direction / macro is the same. In the case for AVAX, a similar pattern has been observed in BTC before the COVID pandemic - and it has been playout out perfectly, so far. ______________________ BINANCE:BTCUSDT COINBASE:BTCUSD BINANCE:AVAXUSDT
COINBASE:BTCUSDLong
by CryptoCheck-
1
BTC and the previous three US Election DatesThis charts the dates of the previous three US Elections (2012, 2016 and 2020) on a log chart, with price on the horizontal axis at daily candle close. As you can see, once price breaks above (sometimes next day, as in 2020, sometimes a week or more later, as in 2016 and in 2012) price has never returned - ever. Plotted are the time and percentage difference from election date to cycle ATH. On average it's 387 days apart. If things play out this time in a similar fashion we can expect this week into mid next week to be the final time BTC will be in the mid 60k per coin - ever.
INDEX:BTCUSDLong
by Jaekus
2
BTC.D Keep calm, don't lose your headThe market will do what it always does—play with our emotions. We're all eagerly anticipating an altseason, right? But the market will test everyone’s patience, so it's wiser to stick with spot purchases and use DCA (Dollar Cost Averaging) for entry. Don’t give up, and above all, don’t sell now—you’ve weathered a tough bear market. Dominance is set to decline, just as it has in previous cycles within these Fibonacci parameters. Stay calm, keep your emotions in check, and remember: patience and strategy are key.
CRYPTOCAP:BTC.D
by Jaytradermb