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Elliottwaveanalyis

BTC Getting Ready to DROP - Read for more info!Bitcoin could enter a strong 3rd wave down soon which would likely send the price down to as low as 20700. Due to the formation of the 5 clear waves in orange, the next major move looks like it will be a steep drop down. A good entry on the short is at the Entry prices shown below. The volume profile on the left hand side shows a significant amount of volume at the 28000 price level. This price is also at the 50% retracement of all 5 orange waves, so this would be an excellent place to enter a short position. In addition, we have the upward sloping white trend line and the 0.618 (golden ratio) retracement at 28740 which would also be an incredible place to enter a short position. The stop loss is placed at the top of orange wave (1) because if the price goes beyond this level this count becomes invalid, although this seems highly unlikely to be reached. The take profit shown below is at the price equal to 1.618 * the length of waves (1) to (5) taken from the 0.618 retracement of all 5 orange waves. This is a common ratio for price to reach during a '3rd' wave down (which this would be if it plays out). According to Elliott Wave Theory "The 3rd wave is usually the longest and strongest". Entry Prices: 28741, 28056, 27387, 26897 Stop Loss: 31085 Take Profit: 20700 Disclaimer: Not financial advice and only intended for educational purposes
BITSTAMP:BTCUSDShort
by TradewithLu
Bitcoin Elliott wave count 1HIf the correction WXY (black bubbles) is over than we may start to push higher. We may have an wave 1 started from 25364.8 and ended at 27394.4 to start an impulse to the upside. Price bounced on 0.618 fib retracement of this wave 1 and probably completed wave 2 at 23119.5. If this count is correct we may see for move to the upside if the price break above 26968.0 level. Also a break below 26119.5 level may change this wave 1 count into an X wave (ALT scenario) and send the price into a deeper correction. Good luck! Hit the like button and subscribe for future updates if you like my analysis.
by Cross10XSignals
Bitcoin Elliott wave count 4HPrice on Bitcoin still into a down trend (red channel) that may be a corrective pattern, complex correction WXY(black count). As I mentioned in the previous count (see the related idea) we started to go to the downside after price was rejected into the 0.5 (28430) fib retracement of the X wave. The correction may end at the 0.5 (23255) fib retracement of the all up trend where also we have 1:1 proportion W vs Y waves. At this moment price is approaching 0.618 (25235) proportion W vs Y waves where we have a heavy support zone and I am expecting the price to bounce. If the price will not break this heavy support zone and will start to go up. only if it break out the channel and will take up 28430 level we can say that the correction is completed and the trend changed to the upside again. Probably the Y (black count) wave will take the form of a complex correction (blue count) as we had into the W (black count) wave. Also this WXY correction may transform into a leading diagonal but is not the time to talk about it because is too early!!! Only I want to signal that at this moment we have an ABC to the upside (All up trend started from 15460) and things could be worse!!! Hit the like button and follow me for future counts if you like my analysis. Good luck!
COINBASE:BTCUSD
by Cross10XSignals
2
NDX fantastic short opportunityI have to admit, most, if not all, Elliott Wavers were shot in the head this year with the rising market. Personally, I was caught off guard by the strong upmove too. For any EW and macro speculator, the upmove in 2023 don't make sense. It is irrational. In fact, it could be irrational exuberance again. But as time passes, the truth starts to unfold: the market capitalisation weighted indices were really being upheld by a few names. The rest were really flat or down. What this means is that the market breadth is not there for this rally. And this is something that is peculiar to this market because of the high market cap of a handful of companies. I don't think the original creator of the index thought that this could happen, but it did. Nevertheless, I would admit that this is really another bold attempt to call a market top (or really, a correction top). Disregarding EW technique which is either hated or loved, just look at the risk-reward for this trade. It doesn't make sense to go long, if this is the only rationale a trader needs to decide which side to trade on. Good luck!
NASDAQ:NDXShort
by sngyuchao
2
Bitcoin Elliott wave count 1HBitcoin going up with an impulse? Probably as we have 4th waves (red count) now but is this impulse something to build more upside move or we have the end of an extended flat correction(blue count)?! I am expecting price to reach 29000 zone with the 5th wave and than probably will do a correction. If the price will keep 27500 level (red line) from there it must start a bigger 3rd wave to the upside. If the price will go below 27500 we may have the start of the Y wave to the downside that I talked in my previous count! (see the related idea) 4th wave (red count) at this moment corrected enough as price hit 0.382-0.5 fib retracement. If price will go below 0.5 fib retracement level than this upside impulse count is wrong!!! Good luck!
by Cross10XSignals
Bitcoin Elliott Wave count 4HBitcoin may go upside to retest 30000 USD price level with an X wave being an extended flat correction (abc blue count). The volume on daily time frame remains weak and with the price below 300000 k level those things may turn the price down for an Y wave(black bubbles count). I am watching fib retracement levels of the first WXY (blue count) and 0.764 may be a good point to end this X wave (black bubbles count). Good luck! Hit the like button if you like my analysis and follow me for future updates.
COINBASE:BTCUSD
by Cross10XSignals
Bictoin Elliott wave count 4hPrice action didn`t changed too much from my last analysis ( see the related idea). After a break below 26525 price recovered this level and now is acting like support. Price rejected 2 times by the median channel line (red channel). Important resistance 0.5 fib retracement of the last swing down if it break it price may reach 30000 level again. A break below 26525 may send the price into an important support zone 24262-25256. Under 30000 level bitcoin still remain into a bearish zone. Hit the like button if you like my analysis and follow me for future count updates. Good luck!
COINBASE:BTCUSD
by Cross10XSignals
AVAX Elliott wave Daily countAVAX is trading now into an important support zone. If the price will go impulsive up I wont see this good as it will make an abc (blue count) flat correction for a wave B from a flat correction at a bigger degree (red count) that will turn de price down again. All I want too see is to break now this support zone ( at least under 13.864 level, previously low) to complete a WXY complex correction and than to go up maybe for a wave 3. If you have questions feel free to ask, also I want to see your thoughts about AVAX. Good luck and hit the like button if you like my analysis and follow me for future count updates!
by Cross10XSignals
2
UPDATE ON XAUUSDHere's an update: 1st Scenario: Still on complex correction, the time XAUUSD hit all time high at 2078 was not a motive according to fibonacci (subjective), there's still a chance XAUUSD to go sideway until CPI or Core PPI release. 2nd Scenario: subwave v of (v) was truncated --> Ready for Major Correction. I prefer to wait until structure and pattern formed. Elliott Wave is high subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers
OANDA:XAUUSD
by MarioSianipar_