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Elliott Wave

POPCATUSDT → False breakout of bearish trend resistanceBINANCE:POPCATUSDT.P is testing trend resistance on the 4H timeframe. A sharp approach and a false breakdown of the upper boundary of the channel may provoke a correction or continuation of the decline The global trend is downtrend, the locational trend also coincides with the global trend. Bitcoin cannot become a bullish driver for altcoins yet. Yesterday's economic news also had a negative impact on the market. In addition, the cryptocurrency community was betting big on Trump, but he has put cryptocurrencies on the back burner. Technically, POPCAT is testing the channel resistance with a false breakout within the downtrend. Consolidation of the price below 0.322 could trigger further selling. Resistance levels: 0.322, correction resistance Support levels: 0.2386, 0.1596 I do not exclude the possibility of retesting the resistance of the correction channel, but due to bearish pressure and weak market the decline may continue. Regards R. Linda!
Short
by RLinda
3
Bitcoin - Buy now! Ready to pump to 125 000 (alt season)I recommend buying Bitcoin as the price is ready to go much higher in February. The current price is 98,000, and I expect Bitcoin to hit 111,000 in the immediate short term. 111k is a strong resistance because it's the top of the ascending parallel channel. Bitcoin has been in this channel for 91 days since November 2024. Then later this year in summer, Bitcoin will reach 125k. But we should focus on altcoins in the next months! Why? Because a huge alt season is starting! Let's take a look at the BTC.D (Bitcoin Dominance) chart because this is the major indicator of altcoin seasons. As per my analysis, the price recently hit a strong resistance and needs to go down to 48%. We could experience the greatest alt season in years, so be ready! Make sure you have the right altcoins. Ethereum is definitely one of the altcoins that will outperform Bitcoin in the next months. I am very bullish on Bitcoin and on the overall crypto market for the next weeks and months! Now is the time to buy, but let me know in the comment section, what do you think? Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Long
by Xanrox
197
Are we looking at XRP all wrong? Irregular Flat?I’ve been losing sleep over this—tossing, turning, staring at the ceiling, wondering: why the hell did the so-called 5th wave of XRP only play out as a 3-wave move? Something about it just doesn’t sit right. We all saw it—no glorious final push, no clean Elliott Wave structure, just an unapologetic dump on February 3rd. And let’s be real, there’s no truncated 5th wave here. That’s just cope. So maybe—just maybe—we’re looking at this all wrong. What if what people are calling wave 5 is actually just wave B in an irregular (expanded) flat? If that’s the case, then buckle up, because that would mean we’re still in wave 4, grinding through one massive, patience-testing consolidation. Which, let’s be honest, makes a lot of sense given the way XRP loves to move. Nothing is ever straightforward. Just when you think it’s about to take off, it does the electric slide in the opposite direction. So, the question now is: when do we actually get wave 5? And more importantly—will it be worth the wait? What do you think—am I onto something, or am I just sleep-deprived and overthinking? 😵‍💫 Drop your thoughts below! ⬇️
BINANCE:XRPUSDLong
by jimmyjames4684
1
XAUUSD - Elliott Wave & Liquidity AnalysisThe chart is based on the 30-minute timeframe, so short-mid term. Market Bias: Bearish correction underway after an extended 5th wave up. The correction could unfold in an ABC pattern, with Fibonacci confluences lining up at 2870, 2847, and 2809. Once we clear PDL and close below it, we will have confirmation and a shift in market structure. From there, our potential targets for the corrective move are: Target 1: 2864 Target 2: 2854 Target 3: 2837 Target 4: 2829 Target 5 (1.618 Extension): 2809 Expect bearish continuation as long as price holds below 2914 area. Manage risk carefully, as corrective waves can be choppy. Trade safe!
OANDA:XAUUSDShort
by Med_In_Trade
2
DAX index Wave Analysis – 12 February 2025 - DAX index broke resistance level 22000.00 - Likely to rise to resistance level 22500.00 DAX index is under the bullish pressure afar the earlier breakout of the daily up channel from August and the resistance level 22000.00 The breakout of the resistance level 22000.00 greatly accelerated the active impulse wave 3, which belongs to the intermediate impulse wave (3) from November. Given the clear daily uptrend and the accelerating upward channel inside which the price is moving now, DAX index can be expected to rise to the next resistance level 22500.00 (target price for the completion of the active impulse wave 3).
XETR:DAXLong
by FxProGlobal
Bitcoin Wave Analysis – 12 February 2025 - Bitcoin reversed from the support area - Likely to rise to resistance level 100,000.00 Bitcoin cryptocurrency recently reversed up from the support area between support levels 93775.00 and 90000.00. This support area has stopped the previous corrections 4, A, C and 2, as can be seen below. This support area was further strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward price impulse from November. Given the clear daily uptrend, Bitcoin cryptocurrency can be expected to rise to the next round resistance level 100,000.00.
BINANCE:BTCUSDLong
by FxProGlobal
GOLD → News ahead. Price is testing the risk zone 2881FX:XAUUSD within the correction is testing the key risk zone from which either a continuation of the trend or a deeper correction will take place. In the center of attention is the US CPI data, which may give a new impetus to prices. Markets remain in uncertainty over Trump's possible tariffs and Fed policy. According to WSJ, the president's administration is preparing new tariffs and this is another dose of risks for the global economy. Powell said that the Fed is in no hurry to change course, which raised expectations of a single rate cut in July and strengthened bond yields. Gold's further movement depends on inflation data and Trump's tariffs. If CPI exceeds forecasts, the dollar will strengthen and gold will fall in price. Weak data, on the contrary, may support the metal's growth. Resistance levels: 2898, 2910, 2929 Support levels: 2881, 2870, 2855 A false break of the support at 2881 would mean that the market is still bullish and quite aggressive. If the bulls keep the price above 2881 - 2885, then in the short and medium term we should expect a rise to 2930 - 2950. If gold breaks 2881 and sticks below this zone, then liquidation may take place in the market and the price may decline to 2855, 2848. The situation is stalemate, as there is news ahead and that is why we should consider 2 scenarios. Regards R. Linda!
FX:XAUUSDLong
by RLinda
23
EURUSD → Pending a breakout of resistanceFX:EURUSD is trying to take a chance amid the dollar correction. The price is forming a retest of consolidation resistance for a breakout and further growth After an attempt to break the downtrend resistance, the price moves into consolidation and forms a range of 1.053 - 1.021. Inside this set-up a local channel (consolidation) is formed and the price tests the resistance at 1.038. The market is still trying to confirm the change of trend and get stronger on the background of the dollar correction. The fundamental background is complicated due to the tariff war and economic crisis.... Resistance levels: 1.038, 1.053 Support levels: 1.033, 1.021 A breakthrough of the resistance at 1.038 and price consolidation above this area may trigger further growth within the distribution of the accumulated potential Regards R. Linda!
Long
by RLinda
3
USDCAD → Consolidation before downward distributionFX:USDCAD is stuck in a range (consolidation) between 1.4486 and 1.428. The dollar has been showing negative momentum lately, but with NFP ahead, the data could both reinforce the correction and support the index... All eyes are on today's economic news. If the actual NFP is below the forecast (169K), it will strengthen the expectations of the Fed rate cut. At 15:00 the Fed's monetary policy report will be released, which may clarify the further course of the regulator. If the NFP comes out weak, the dollar may sag and USDCAD may decline. If the data is stronger than expected, the USD will strengthen, which will lift the USDCAD. If the Fed hints at a rate cut, it may weaken the USD, supporting the CAD Resistance levels: 1.4345, 1.4369 Support levels: 1.428 News is uncertainty, as it is impossible to determine the outcome of this situation in advance. Technically, the currency pair looks weak due to the falling dollar. A break of the support at 1.428 may trigger further decline. Regards R. Linda!
Short
by RLinda
1
Turn off the log and see the Bitcoin waves.The Bitcoin market is delivering a powerful signal as it not only hit but exceeded the monumental $100K milestone. This follows three significant bull runs characterised by substantial retail participation in 2017, 2021, and the dramatic surge leading up to Trump's presidential inauguration on Jan 20th 2025. You don’t have to be an expert in Elliott Wave theory to recognise the five prominent upward waves and the three smaller downward waves (a, b, c) illustrated on this monthly chart. Elliott Wave theory serves as a tool in technical analysis, helping to interpret a security's price fluctuations over time by pinpointing recurring eight-wave patterns within the return data. Ralph Nelson Elliott unveiled his groundbreaking theory in the 1930s, gaining recognition for accurately forecasting the stock market's lowest point in 1935 through meticulous analysis of long-term indices and historical trends. The Elliott wave theory serves as a technical analysis framework, asserting that stock price fluctuations primarily manifest in waves rather than straightforward patterns. This approach shares notable similarities with the Dow theory, as both suggest that price movements unfold in waves rather than mere linear sequences. Do you think we might have actually experienced a left-translated bull run? Or do you feel this is merely a reset in sentiment, characterised by sideways price movements, while crypto still has the potential to soar to the lofty heights that mainstream influencers eagerly promote?
INDEX:BTCUSD
by BallaJi
2
AUDJPY Is Recovering After The Wedge PatternAUDJPY pair is sharply and impulsively recovering after we spotted the wedge pattern, so it’s now rising in minimum three waves A/1-B/2-C/3 that can retrace the price back to the starting point of the wedge pattern and back to 99-100 area, especially if we consider an unfilled GAP at 98.35 level. Currently we can see it making a five-wave impulse into wave A/1, so after corrective pullback in wave B/2, be aware of a bigger rally within wave C or maybe even wave 3 if goes decisively above 100 area. The ending diagonal (wedge) pattern is a special type of wave that occurs in wave 5 of an impulse or wave C of a correction. An ending diagonal pattern is a type of pattern that can occur at the completion of a strong move. It reflects a “calming” of the market sentiment such that price still moves generally in the direction of the larger move, but not strongly enough to produce an impulsive wave. Ending diagonals consist of five waves, labeled 1-2-3-4-5, where each wave subdivides into three legs. Waves 1 and 4 overlap in price, while wave 3 can not be the shortest amongst waves 1, 3 and 5. The reason why they are so interesting is because they are indicating a reversal, usually a strong one, which can retrace the price back to the starting point of the pattern.
Long
by ew-forecast
Ready For Next Bull run! Lets Go To 280,000BTC maintains a strong bullish trend, with the market structure consistently adhering to the Elliott Wave principles, even amid short-term fluctuations. The rounding bottom pattern remains intact, and its full impact is yet to materialize. The price has concluded sub-wave 4, and we are now anticipating the final phase to complete this minor cycle before the larger macro waves take shape. The overarching outlook points to a surge toward $280,000, a target expected to be achieved when market sentiment is at its lowest, as institutional players and major investors continue to accumulate assets during retail sell-offs.
Long
by PIPsOptimizer
Bitcoin Analysis—Bulls vs Bears—Who Will Win This Battle!?As I expected in the previous post , Bitcoin ( BINANCE:BTCUSDT ) attacked the Support zone($96,520-$95,720) and 100_SMA(Daily) but started to rise again. The increase in the last few hours has NOT been accompanied by high volume so far. Bitcoin is moving in the Resistance zone($100,520-$97,200) and near the Potential Reversal Zone(PRZ) , the upper lines of the Falling Wege Pattern , the Monthly Pivot Point , and 50_SMA(Daily) . According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Expanding Flat(ABC/3-3-5) near the upper lines of the Falling Wege Pattern . If Bitcoin goes above $99,200 , this wave count will expire . Educational tip : If you cut the falling wedge pattern exactly in half, you will notice that most of the candles are in the lower half, and whenever Bitcoin hits the upper lines, it starts to fall immediately, which means that the power of sellers is more than buyers. Although the wedge pattern is a bullish pattern, we cannot expect an increase until the upper line is validly broken. I expect Bitcoin to re-attack the 100_SMA(Daily) and Support zone($96,520-$95,720) in the coming hours, and if it breaks , it will also attack the lower line of the falling wedge pattern . Note: If Bitcoin breaks the upper lines of the falling wedge pattern in huge volumes, we should most likely wait for the break of the Resistance zone($100,520-$97,200). However, the main resistance of Bitcoin is the $107,000 range. Note: If Bitcoin manages to break the lower line of the falling wedge pattern and 100_SMA(Daily), we should wait for Bitcoin to attack the Heavy Support zone($93,300-$90,500) and Support lines. Which scenario do you think will happen to Bitcoin? Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
17