Bitcoin H4 (Wave Analysis - UpdateBitcoin H4 (Wave Analysis - Update
As shown in chart, wave 4 almost look like triangle wave and we are in wave d
Regrads,
Elliott Wave
Reversal on Vertex Pharmaceuticals. VRTXMean reversion strategy in a fade for the most recent rally. Here, we are betting that the rally, now in OBOS, will not cross the most recent high of highs. More specifically, that the price action will not exceed one std deviation of the vWAP value. There are divergences on the indicators below to support trend weakness, and historically nothing stays in OBOS too long. Ellioticians may appreciate a flat forming now.
Mastering Bitcoin #1In this quick but educational video we delve into the intricacies of Bitcoin's price movements using popular technical analysis tools like Bollinger Bands, Elliott Wave Theory, Triple Moving Average, and Bearish Divergence on MACD and RSI. Learn how these few indicators can help predict what might be ahead for Bitcoin based on current data.
I'm gonna make this into a habit, creating short, educational videos, so expect more of this insightful, bite-sized content going forward.
OMUSDT → Consolidation in a triangle before the rallyBINANCE:OMUSDT is a paranormal coin in this case, as it is one of the few projects that shows bullish dynamics while all altcoins are finding bottom after bottom.
Perhaps the situation partly depends on BINANCE:BTCUSD . If it starts to fall even deeper, nothing and no one will help here. But locally bitcoin is forming a resistance breakout and if the bulls hold this trend, the BINANCE:OMUSDT.P coin may have a bullish driver that can support the bullish movement.
At the moment, the focus is on the triangle (wedge) resistance and the base of the 5.6756 pattern. Two bullish scenarios should be considered: Growth after a resistance breakout or growth after a false breakdown of support.
Resistance levels: 5.9821, 6.30
Support levels: 5.75, 5.6756
At the moment, a consolidation within the triangle boundaries is being formed. But when the resistance is broken, the market may move to the realization phase and the impulse may be quite sharp. Ahead, beyond 6.3, there is no resistance...
Regards R. Linda!
PYPL : Another Dive or Finally Time to Buy?PayPal (PYPL) has been getting slapped around like a rookie in a heavyweight fight. The stock is now chilling above a thick support zone—right above the 50% and 61.8% Fibonacci retracement levels. Sounds like fancy chart talk, but all it really means is: This could be where the pain finally stops.
There's also an unfilled gap across multiple timeframes, and gaps like these tend to get filled at some point. If NASDAQ:PYPL keeps sliding, it might take out the previous quarterly low. Why does that matter? Because these lows act like a magnet, dragging price down just enough to shake out weak hands before launching higher. That’s when the selling pressure finally dies down. And the RSI? Almost in the basement—last time we saw this (November 2023), PYPL ripped higher shortly after.
My plan? Set alerts, watch closely, and pounce when the signs point to a reversal. I’m not about to catch a falling knife, but if this thing turns around, I sure as hell don’t want to be left behind.
Crude Oil Outlook: Bearish Pattern, Triangle Formation, and Key Back in January, despite strong rise, crude oil has seen limited upside and fully reversed the path. This is partly due to the Trump administration’s goal of bringing crude oil prices lower, with plans to refill the US strategic reserves. In fact data from the Energy Information Administration, showing that production has been gradually increasing since summer of 2023, around the time energy prices hit a swing high near $95. Since then, crude oil has consistently formed lower swing highs.
So, if the Trump administration will really boost the oil production, it will likely put more downward pressure on energy prices and help ease inflation; the CPI y/y data, which is highly correlated with crude oil prices, could decline as well as shown on the weekly chart (but this will change if / when economy “booms”).
From an Elliott wave perspective, we are tracking an ongoing A-B-C-D-E triangle pattern, but wave E could still push prices a bit higher, for a rally in the next few weeks, because the pattern appears incomplete. But, once this triangle concludes, I expect a break to the downside. This would likely coincide with lower inflation expectations as mentioned; thus lower US yields, and a weaker US dollar.
Overall, my assumption is that crude oil will eventually break below $64 per barrel in 2025!
GH
Gold's Uptrend Nearing Key Reversal Zone—Time to Sell?Gold ( OANDA:XAUUSD ) is creating a new All-Time High(ATH) during these few days; finally, how far can gold continue this upward trend? What do you think?
Educational Note : From the point of view of Technical Analysis , when the asset is forming an All-Time High(ATH) and the previous history of the price is not around the price, the analysis becomes a little difficult, but we must be able to make the best use of the technical analysis tool.
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Gold is entering the Potential Reversal Zone(PRZ) . Also, Gold is facing a Series of Resistance lines that can stop its increase .
From the point of view of Classical Technical Analysis , it seems that Gold is in the Ascending Broadening Wedge Pattern formation. Do you agree!?
Educational Note : An Ascending Broadening Wedge is a bearish technical pattern characterized by higher highs and higher lows that expand over time. It signals increasing volatility and weakening bullish momentum, often leading to a breakdown below support. Traders watch for a confirmed breakdown as a short-selling opportunity.
According to the theory of Elliott waves , Gold seems to be completing microwave 5 of the main wave 5 .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect Gold to start falling after entering the PRZ and at least to the lower line of the wedge pattern and Support zone($2,800-$2,787) .
Note: If Gold breaks the Resistance lines and goes above $2,873, we should expect Gold to increase further.
Be sure to follow the updated ideas.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; 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.
GBPUSD NFP Reaction: Running Flat Holding, Bullish Move Incoming GBPUSD remains in line with the running flat structure post-NFP, but the bullish breakout has yet to materialize. Price is holding above key support, and if the pattern plays out, we could see strong upside momentum soon. Will buyers step in, or is more consolidation needed before the move? Stay patient and watch for confirmation! 📊📈🔥 #ForexTrading #GBPUSD #ElliottWave #RunningFlat #NFPReaction #PriceAction #Elliotwavesglobal
Cisco systems can show bullish move from 62 to 110 According to elliott wave analysis, Cisco systems has broke its wave 3 subwave 1 high, and now can make its wave 3 subwave 3 till 110 levels.
What is Up with Bank of America? BACBetting on an extended B wave here. The indicators are reflective of the recent upward price action and in agreement wit the idea of more upward momentum and volatility. Usually extended B Waves, when confirmed go to 1.2 Fib extension, never surpassing the 1.618 figure. This classic teaching sure proved to be accurate in our practice. Good luck!
GOLD → Price enters buying zone ahead of NonFarmsFX:XAUUSD resumes gains Friday after brief pause, retesting liquidity accumulation support, but traders cautious ahead of US NFP release
NFP decline may support gold - if the actual NFP comes in below forecast (169K), it will reinforce expectations of an imminent Fed rate cut.
Weaker labor market → pressure on the dollar → gold rises.
Fed and policy:
At 15:00, the Fed's monetary policy report will be released, which could clarify the regulator's future course.
If signaling easing → gold up. If there will be hawkish notes → pressure on XAUUSD, but we should also take into account Trump's policy on economic risks
Conclusion on XAUUSD:
In the medium term there is every chance to reach $3,000, locally it all depends on the news: weak NFP and lack of wage growth could send gold above $2,900.
If the data turns out to be strong → a downward correction is possible
Resistance levels: 2870, 2882
Support levels: 2858, 2848
Technically, the focus is on the 2870 resistance. If the price can break this resistance and consolidate above, this maneuver will open the way to further upside. I do not rule out a retest of the channel boundary or 2858 before further upside.
Regards R. Linda!
EURJPY Rejects Triangle Support:First Impulse Wave to the UpsideEURJPY has respected the lower trendline of the triangle formation, showing strong rejection at support. The first impulsive wave to the upside suggests potential bullish momentum building up. If the structure holds, we could see a breakout and continuation higher. However, confirmation is key—watch for follow-through price action and volume before entering! Will bulls take control, or is this just a fake move? Stay alert! 📊📈🔥 #ForexTrading #ElliottWave #EURJPY #TrianglePattern #ForexAnalysis #PriceAction #Elliotwavesglobal
EUR/GBP - Long Trade SetupThis In my own opinion is a strong looking trade setup.
Currently we have a Daily/12/6/4/1 Hour all Bullish Setup. Only smaller TF's are showing LL's
Consolidation phase seems to be forming its last leg according to Elliot's Wave Theory telling me we are going to be looking to breakout of this Trend.
Previously I predicated price to have another run down to the final Demand zone (I will link my post to that Idea)
Indicators confluences - Currently MacD on the daily is showing us we are slowing down with sellers momentum although PA is still bullish giving me more suggested signs we will be having a decent Bullish Run.
PM me for more details in this trade setup
Good luck to all the traders that follow and make sure to use risk management
GOLD → Correction for accumulation of potentialFX:XAUUSD is growing during the week. The asset enjoys interest on the background of economic risks and dollar correction. After a small correction, the train may move north again
Markets are watching the US-China trade talks, easing fears of a global trade war, as well as Trump's initiatives on the Middle East, weakening demand for the USD as a safe-haven asset. In addition, a rising yen is pressuring the USD, supporting gold.
Investors' focus is on Friday's NFP data, which could influence the Fed's next steps. Attention is also paid to weekly jobless claims and Fed comments. The market is quite aggressive on any drastic action by Trump as this assessment is correlated relative to global risks
Technically, the price is correcting to accumulate liquidity and potential for possible upside. Below are quite strong support areas that could push the price back.
Support levels: 2845-2850, 2830
Resistance levels: 2860, 2872, 2882
As part of the correction in the uptrend, the price may test 0.5-0.7 Fibo as well as the previously broken resistance of the ascending channel. There are no technical and fundamental reasons to break the trend, the growth may continue after a false breakdown.
Regards R. Linda!
Elliott Wave View: SPY Looking to Resume HigherShort Term Elliott Wave View in SPDR S&P 500 ETF (SPY) suggests pullback to 575.04 ended wave ((4)). The ETF has resumed higher in wave ((5)) with internal subdivision as 5 waves impulse. Up from wave ((4)), wave ((i)) ended at 585.99 and dips in wave ((ii)) ended at 578.35. From there, wave (i) ended at 583.81 and wave (ii) ended at 578.90. Wave (iii) higher ended at 595.56 and pullback in wave (iv) ended at 590.35. Final wave (v) ended at 607.7 which completed wave ((iii)). Pullback in wave ((iv)) ended at 604.67 and wave ((v)) higher ended at 610.78. This completed wave 1 in higher degree.
The ETF then pullback in wave 2 with internal subdivision as a zigzag Elliott Wave structure. Down from wave 1, wave ((b)) ended at 609.96 as a double three Elliott Wave structure. Up from wave ((a)), wave (w) ended at 605.96 and wave (x) ended at 599.22. Wave (y) higher ended at 609.96 which completed wave ((b)) in higher degree. The ETF turned lower in wave ((c)) towards 589.5 which completed wave 2 in higher degree. It has turned higher in wave 3. Near term, as far as pivot at 575.04 low stays intact, expect pullback to find support in 3, 7, 11 swing for more upside.
NVDA 8H Chart Correction
This is the count I'm working with for NVDA.
The break of gray support (now resistance), gave us Black A, and Black B is happening as a flat correction (Blue ABC).
If confirmed, this pattern could take us to retest sub-100 levels at green support for Black C.
GOLD: Correction for potential accumulation.is growing during the week. The asset is performing well in the face of economic uncertainty and a dollar drop. After a minor modification, the train might go north again.
Markets are keeping an eye on US-China trade talks, which are alleviating fears of a global trade war, as well as Trump's Middle East efforts, which are reducing demand for the US dollar as a safe-haven asset. Furthermore, a rising yen puts pressure on the US dollar, which supports gold.
Investors are focused on Friday's NFP report, which may influence the Fed's future measures. Weekly jobless claims and Federal Reserve statements are also monitored. The market is quite aggressive on any radical action by Trump because this evaluation is tied to global concerns.
Technically, the price is correcting to gather liquidity and potential for future gains. Below are some strong support levels that could send the price back.
Support levels: 2845-2850 and 2830.
Resistance levels: 2860, 2872, and 2882.
Trade Active
Gold is testing the previously defined support zone.
The accent is on 2845-2840. If the bulls keep the defense above this zone, it is worth waiting for gains in the short-term.
As part of the upward corrective, the price may test the 0.5-0.7 Fibo level, as well as the previously broken ascending channel barrier. There are no technical or fundamental grounds to break the trend; growth may continue despite a fake collapse.
By Nexus Trades Zone
Gold D1 (Wave Analysis)Gold D1 (Wave Analysis)
As Shown in Chart, one more uptrend wave then corrective wave.
SHORT SBUXELLIOT WAVE FALSE BREAKOUT - SHORT OUT WALLSTREET
False pump on hype, no financial backing plus technical retracement in bound. Get in short leverage.
Bitcoin Pullback or Trend Reversal? Key Levels to Watch!Bitcoin failed to Break the $107,000 Resistance as in the Previous post (the 7th attack failed ).
Bitcoin ( BINANCE:BTCUSDT )is moving in the Resistance zone($100,520-$97,200) , near the Support lines , the 50_SMA(Daily) , and Monthly Pivot Point .
This upward movement these few hours can be in the form of a pullback to 50_SMA(Daily) and Support lines (broken) . Of course, the worrisome point is the momentum of this upward movement .
According to the theory of Elliott waves , this increase of these few hours can be in the form of the main wave 4 . The main wave 4 structure so far is a Zigzag correction(ABC/5-3-5) .
I expect Bitcoin to once again attack the 100_SMA(Daily) and the Heavy Support zone($93,300-$90,500) .
Cumulative Short Liquidation Leverage: $102,926-$100,450
Cumulative Long Liquidation Leverage: $92,570-$91,249
Note: If Bitcoin goes below $97,000, we should have more confidence that this analysis is correct.
Note: If the CME Gap($102,580-$100,320) fills in this uptrend, we should expect another attack on the $107,000 resistance.
Do you think the correction of Bitcoin continues, or should we wait for Bitcoin re-pumps in the coming hours? Please share your ideas in the comments.
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.
Cable update BoE rate cutSo it looks like the trend will continue here from the previous update. With the equality in rates between the fed and the BoE, both long and short are on the table, but an advance to the upper targets, at least for now, seems the most likely.
If it is to do so in an impulse pattern, however, it would need to break above this base channel, which is expected for a wave 3 of an impulse. Around the 1.28 level looks like the next target - perhaps for a 3rd wave termination point - let's see.
Wave 1 as leading diagonal (better chart pic)
I think it's worth bearing in mind that we could see some significant downside during the lull at the end of Q1. Red for Valantines, Green for St Patrick's.
This shows how we may never have transitioned into wave 2, but may actually be about to finish wave 1 as a leading diagonal.
We could be looking at wave 2 as a running/ expanding flat, in which case we see a significant rally, but something is niggling at me about this.
Watch the break of the high at $3.39, I'll be looking at the 4hr RSI to see if there's divergence. A close above with that divergence will possibly spell more downside than just a subwave correction.
Wave 1 as Leading DiagonalI think it’s worth bearing in mind that we could see some significant downside during the lull at the end of Q1. Red for Valantines, Green for St Patrick’s.
This shows how we may never have transitioned into wave 2, but may actually be about to finish wave 1 as a leading diagonal.
We could be looking at wave 2 as a running/expanding flat, in which case we see a significant rally, but something is niggling at me about this.
Watch the break of the high at $3.39, I’ll be looking at the 4hr RSI to see if there’s divergence. A close above with that divergence will possibly spell more downside than just a subwave correction.
