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Elliottwaveprojection

#BTC #BITCOIN #ELLIOTTWAVE $BTC FUD. Potential Wave 3.I see Fear Uncertainty And Doubt being spread everywhere either by rate hikes or exchange manipulations and hacks!.. Just like I saw etf at 69k and hope for 100k.. I wasn't a permabull or permabear.. I just trade charts and I regret to this day why I didn't trust my work and... Anyways.. I choose to be rebellious this time. That's why.. This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck. I don't trade news. I trust charts.. We have huge weekly divergence retest of weekly horizontal and trend support with low extremely low volume retest and have a potential diagonal as wave 1 of smaller count.. Whatever after that may be the correction and the sharp recent fall we saw today may be wave c which is steep indeed! Thank you for time.
BITSTAMP:BTCUSDLong
by alibadshah88
2
BNBUSDT | Wave Projection | Short Term Retrace - Bull Look +60%Price action and chart pattern trading: > A possible CUP & HANDLE pattern with a short term 2-wave retracement to the next strong support area of confluence where SMA20 X SMA200 golden crossed and volume profile point of control key level. > Entry @ pullback retracement SMA200 zone and lower uptrend channel support zone. > Target @ TP1 Handle 1.0 extension + 30-40% upside and TP2 Cup 1.618 ext. zone +50-60% > Stop @ B-wave position -10-15% downside > RSI indicator: OB + bearish signal about to cross MA line
Long
by dukeposh
CAKEUSDT | Wave Projection | Bull Look SMA20 GoldenX 200 TP+50%Price action and chart pattern trading: > The leading diagonal wave with a possible bullish explosive move +50% based on CUP & HANDLE pattern > The current ENTRY ZONE is considered a strong support at the channel with SMA 20 / 50 golden cross SMA200 > Target CUP & Handle @ 1.618 Fibonacci extension from A diagonal uptrend wave $7.000++ zone. > RSI bullish above 50 and MA line, MACD above base and signal line > Watch out for dump & pump move Always trade with affordable risk and respect your stoploss, nothing is 100%!
Long
by dukeposh
SHIBUSDT | Wave Projection | Bull Look +130% Explosive MovePrice action and chart pattern trading setup: > Global downtrend wave channel breakout and retest its major resistance at SMA200D > The current bullish outlook of ABC uptrend wave with an upcoming C-impulse 1-2-3-4-5 wave > Target bullish wedge breakout TP1 @ fibonanci 1.0 extension - 1500+ and TP2 @ 1.618 extension zone +130% upside - 2600+ > Candlestick tight squeezed just below SMA200, if breakout SMA200D successfully, this major resistance will be the support for the new uptrend explosive wave. > The next support SMA50D and SMA20D @ 1000+ zone Always trade with affordable risk and respect your stoploss, nothing is 100%.
Long
by dukeposh
Crude oil correction is over, time to go longHi traders, Today we want to talk about crude oil. We forecast that the correction of the oil initiated on March 2022 is over and we already have started wave III in the cycle degree (orange). These are the 2 main reasons 1- The expected minimum level for the WXY correction was reached (87.086). We can see clearly that the price has bounced from the Inflexion Zone, the green area. Therefore, we do not need to go further down to consider the WXY structure complete 2- The RSI trendline has been clearly broken. It is one sign that the new bullish cycle has started. We cannot discard the option that oil makes another low, but we are quite sure the inflection zone will be respected and therefore, crude oil correction is going to end above the 60 USD level. The last confirmation to ensure we are in the new bullish cycle is to break the highs made in march 2022, but it can take some time for that to happen and, meanwhile, we can take some long position trades trading the lower degree cycles (or Timeframes) structures. Ideally, you bought Crude oil in the inflection area, but in case you did not, once the price breaks the 94.039, which is the last high created in October, we will be looking for another long opportunity if a clear corrective structure is detected. We will keep you updated. Always keep in mind that risk management is, at least, as important as the entry-level or the SL. Remember the quote “If you do not manage the risk, you will not have any risk to manage” The market is always repeating the same type of defined structures. There are only two main wave types: the motive wave and when the motive wave ends it starts a corrective wave. Within them, there are only 3 motive waves structures (Impulse, leading diagonal, and ending diagonal ) and 5 main types of corrective structures (ABC, WXY, Flats, triangle, WXYXZ (triple correction)) Learning them and being able to spot them in the price action graphs will completely change the way you trade as these structures will provide entry point areas, invalidation levels, and targets for the trade. Have a safe and profitable trading day Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it is only the explanation of what we are going to do and it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:WTICOUSDLong
by TradingtheRightSide
SP500 Short OpportunityHi traders, SP 500 is in a corrective cycle that started at the beginning of 2022. We do expect further down to end the WXY corrective structure. This will create new lows and it will break down the 3480 level. Considering that, we can take advantage of it by trading the end of B in the intermediate degree (blue) and riding the whole wave C before ending the corrective cycle WXY of wave 2 and starting the new bullish cycle. Short potential idea: Entry: 4144 SL: 4442 Target: 3210 Risk: max 2% of your account Always keep in mind that risk management is, at least, as important as the entry-level or the SL. Remember the quote “If you do not manage the risk, you will not have any risk to manage” The market is always repeating the same type of defined structures. There are only two main wave types: the motive wave and when the motive wave ends it starts a corrective wave. Within them, there are only 3 motive waves structures (Impulse, leading diagonal , and ending diagonal ) and 5 main types of corrective structures (ABC, WXY, Flats, triangle, WXYXZ (triple correction)) Learning them and being able to spot them in the price action graphs will completely change the way you trade as these structures will provide entry point areas, invalidation levels, and targets for the trade. Have a safe and profitable trading day Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it is only the explanation of what we are going to do and it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:SPX500USDShort
by TradingtheRightSide