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Elliottwaveanalyis

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_
Bitcoin Elliott wave count 4HBitcoin price still can be counted as a sideway move (down red channel) as the price hits 1:1 proportion W vs Y of a possible WXY correction for a wave 2. Price still stay into an up channel(green channel) of a possible impulse ended at 31050. For wave 2 I think is still early to be ended as the price did not hit even 0.382 fib retracement of this up move and the time that passed from the drop start did not hit even 0.5 of the time that took to go up(25 June vertical green line). The price action at this time still favors a move to the downside and a break of the red channel bottom line may increase the selling orders. Also a break above median line of the red channel may turn the price up. We still have a strong support at the 24200 - 25200 but if it will be break the gates are opened until 19500 zone. Good luck, hit the like button if you like my analysis and follow me for future count updates. Thank you!
COINBASE:BTCUSD
by Cross10XSignals
Looking for long in PRZ IMHO For me it is too late now to take a shot position. I can't find any good RR ratio anymore. But, if I see an opportunity to go short with a good RR ratio, I will go short untill the PRZ has reached. Meanwhile, I am looking for a long position some where between 1987 and 1998 in PRZ. But it will me a correction wave. So let's see how the market perform the corrective wave before taking any position. Please CMIIW, comment, and give me your though. I will very appreciate it. Thank you.
OANDA:XAUUSDLong
by Fx46
Bitcoin Elliott wave count 6HBitcoin price bounced after publishing CPI index and this favors a June month without FED changing the rate. As I said previously if the price keep up the 0.382 fib retracement we may continue with a 5th wave to the upside. Probably we have a Triangle consolidation for 4th wave (blue triangle) and is very logical after wave 2 being an extended flat from the rules of alternation. Also we may have a B wave (red triangle) a triangle as you well know the B wave of a triangle is usually complex. A break above 0.764-0.854 fib retracement, comparing C wave, will invalidated the triangle pattern. Also a break below AC (blue count) will invalidate the triangle pattern as I am expecting into this zone to turn down for E wave. So after all I said we may still stay into this annoying consolidation a couple of days but the things are looking good if this count is correct. Good luck and give a like if you like my analysis also follow me for future count updates.
COINBASE:BTCUSD
by Cross10XSignals