BTC Elliott Wave countBitcoin Elliott Wave count update
WXY correction pattern for 4th wave and with this breakout above 30000 I think we entered the 3rd subwave of the 5th wave.
Target for Bitcoin now is somewhere at 23500
Elliottwaveforecasts
BTC Elliott Wave countBitcoin Elliott Wave count update
Still into the 4th wave, WXY correction pattern.
Also I think 4th wave will correct into 0.5 fib retracement of 3rd wave, somewhere at 34200
Changed a little bit things into Y wave. We have a Y wave formed by a zigzag pattern ABC, where B wave is a barrier triangle. (also this triangle can be a X wave if it is an y wave a complex pattern WXY but does not matter)
Also we have a barrier triangle wave B from triangle`s zigzag wave D
On the long term I am still bearish on BTC
I will update Bitcoin count at least twice per week so subscribe to watch my future counts.
If you like my analysis please give it a like. Thanks
Bit fall to 22k Hi
We are in fifth wave of c wave of ABC correction. In Elliott wave analysis, we see 22k in BTC in next week.
Have good trade.
$BABA ~ Beautiful wave structures...As shown, beautiful EW structures. Although not a fan of ADRs, would invest to fair market value as shown.
$CGC ~ Surprisingly still correcting...Surprisingly still correcting even after hitting the 61.8 for a wave 2. Expect this sector to run hard once sentiment changes. IIPR is another one we are interested in...
$PARA ~ Bottom appears to be in...Bottom appears to be in and we are starting our move on the upside. Warren sees something as compared to $WBD.
$TLT ~ Expecting one more leg down then ready to run...Expecting bonds to push one more time lower as shown to complete its wave 5. Once complete may be a very interesting opportunity.
TSX Composite Index - Elliott Wave Analysis (EDUCATIONAL)Hello Traders!
Welcome to this quick video update on the TSX Composite Index. This video has something for everyone.
Whether you are a seasoned practitioner of the Wave Principle, or brand new to it, I hope you learn something valuable here.
$GO ~ Completing wave 5 as shown...Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company’s stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine. As of March 1, 2022, it had approximately 410 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, and New Jersey. The company was founded in 1946 and is headquartered in Emeryville, California.
USDCHF update - 24/06/2022expecting a correction near 0.915 to complete wave e of (X), key levels to note (1.00643 - 0.87579).
Nasdaq update - 05/06/2022expecting a sharply reversal in wave (iii) of ((iii)), critical level at 15266
XLMUSD update - 05/06/2022downside focus remains, expecting one more low to complete wave C of (Y) of ((C)) of IV.
SILVER update - 05/06/2022expecting this bounce to be wave (B) of ((Y)) of b, critical level at 26.215.
Soy Bean update - 05/06/2022expecting more upside near 1850 to complete wave (5) of ((3)), key level at 1576.6
XRPUSD update - 18/04/2022completing the (C) wave of ((ii)) then higher in wave ((iii)), critical support at 0.45889
XAUUSD Gold already reached the maximum level of retracements and i am looking it towards the downside ! may be a completion of wave 4 or we are in the wave 4 , let's wait and see my invalidation is 1866 for my sell trade at current price and 1854 and 1855 will be the best entry i think so :)
XAUUSD STAYS BELOW $1,850.On Thursday, XAUUSD prices fell for the second day in a row due to some follow-through USD purchasing.
The deteriorating global economic picture boosted the US dollar's standing as the world's reserve currency, undermining enthusiasm for dollar-denominated gold.
Technically the yellow metal was trending with 5 waves upwards within an ascending channel.
We expect a major correction (an A B C) downwards towards 1830 1850 area.
AUDJPY BREAKDOWN Price is at subminuette wave 4 which carries 3 waves as a corrective wave of wave 5 as the whole impulse wave. Do know that price is still at wave C as a correction phase and at wave 5 as the impulse phase.
Tips
Motive wave = 5 waves (12345)
Corrective wave = 3 waves (ABC)
Market Elliot wave analaysisFollow up of my last post. These Elliot waves show that if this is some sort of temporarily bottom, this is the end of the 3rd and the largest waves and we will be in the 4th bullish wave in a berish trend.
GBPUSDGBPUSD Looks like we have completed the complex correction i mean a double correction which is wxy ! i feel we will move towards the upside and bottomed out too :) as long as hold above my stop loss looking for a buy !
