Elliottwaveforecasts
Bitcoin wave analysisShort setup
Primary: Wave 4, impulse (Down)
Intermediate: Wave C, expanding flat (Down)
Minor: Wave 4, ending contracting diagonal (Up)
Minute: Wave X, double zigzag (Down)
Minuette: Wave W, double zigzag (Down) -> Current trade
Subminuette: Wave y, double zigzag (Down) -> Current trade
Target: between 28.8 and 27.8
SL: 31.5
Good luck!
AAPL update - 18/05/2022downside focus remains, expecting more downside near 118 to complete wave (4), critical level at 179.61
LTCUSD update - 18/05/2022downside focus remains, expecting more downside to complete wave (3), the alternate scenario if the price push higher than 91.65 is WXY for wave ((C)) (Triangle) of IV.
copper update -18/05/2022downside focus remains in wave ((2)), expecting wave (C) of ((2)) to end at 3.77 ( wave (C) = 1.382 * wave (A) ).
Natural-gas update - 18/05/2022expecting more upside for the last top (wave 5 of (5) of ((1))), critical support at 6.43
NASDAQ - LongThe index has most probably completed either the whole or the first phase of a correction. A daily close above 12275/570 is needed to give more credit for a recovery towards 13020 and 13640.Only a daily close above 15115 would eliminate additional losses for now and open the door to new highs.
On the other hand, a daily close below 11015 would revive a downward extension to 10125 and 9580.
We recommend building small long positions at market with a stop loss at 11020.
DJI update -17/05/2022downside focus remains, expecting more downside near 28508 to complete wave ((iii)) (wave ((iii)) = 1.618 * wave ((i))), on the other side the push higher than 33108.89 will let us expect a move to all-time high in a 3-waves to complete wave B of a flat wave (4).
XRPUSD update - 17/05/2022downside focus remains, expecting more downside to complete wave (C) of ((C)).
PALLADIUM update - 17/05/2022wave (2) in it's last stage, expecting wave (2) to end at 1831 (0.786 of wave (1)), critical support at 1543.
Crude oil update - 17/05/2022upside focus remains, expecting more upside near 159 to complete wave (5), critical support at 99.53
Nasdaq update - 12/05/2022expecting more downside to complete wave ((iii)) of A of (4), critical level 15229.01, the reasonable target for wave ((iii)) is 10141.27 (wave ((iii)) = 1.618 * wave ((i))).
Bitcoin update - 12/05/2022expecting more downside to complete wave 3, the alternate scenario if the price holds above 23k is A B C for wave (4).
Platinum update - 12/05/2022wave ((2)) is in play, expecting wave ((2)) to be end at 795 (0.618 of wave (1) and wave (Y) = 0.786 of wave (W)), critical support at 565.43.
XLE update - 12/05/2022upside focus remains in wave (3), expecting more upside near 109.58 (wave (3) = 2.618 * wave (1)).
MSFT: Bears Have Taken Control Over BullsMSFT has accomplished the corrective wave (b) and started falling for wave (c) of wave (4).
Traders can expect the following targets: 289 - 272 - 265 for wave (c).
Here, 273 is the Fibonacci level of 50% of the wave. This level will act as a crucial level.
An uptrend is only possible after the breakout of the parallel channel . As per the wave principle, a new trend can unfold above/below wave B of the previous correction.
RUT update - 28/04/2022upside focus remains, expecting a strong move higher in wave (3), critical support at 0.776
TSLA update - 11/05/2022expecting more downside lower than 666 to complete wave 5 of (A) of ((4)), critical level at 1149.91
SILVER update - 11/05/2022the move lower than 21.433 will confirm that wave ((Y)) is in play, first support level coming at 19.00$, critical level at 26.215.
BTC/USD Triangle in play? variation #2As I've mentioned on my stream, a breakdown below the current wave C low at 32933.33 just invalidates that particular triangle. There is the possibility that another triangle could be printing in that scenario as shown in this chart. Wave C could still be in progress. However, it would need to reverse prior to the wave A support at 28800. Breaking down below that level will invalidate all the triangle scenarios.
This only becomes possible if price breaks down below 32933.33.
Bitcoin 💵💵💵😊💵💵💵Bitcoin just moved exactly as we predicted based on our previous post 👇
So far we are in a correction of wave (1) and we're expecting bears to be in control all the way down to 19156 zone. Then bulls will definitely get on board to ride the all the way up 121652..
Please, don't miss the next coming bulls move, as this will the longest bulls move after wave 2 correction is completed.
Remember this , Bulls need more gas to take control of wave 3.
Wishing you all the best...💵💵💵😊💵💵💵
