Elliott Wave
POL: The Return of The Matic#POL recently bounced in what could be a bullish reversal, possibly marking the end of a 3-year corrective major wave (4).
If the $0.151 low holds (stop-loss), a massive bull run shall start for #MATIC.
Passing $0.768 confirms the bullish idea of targeting the ATH.
#Polygon
GBPJPY Trapped In A Triangle RangeGBPJPY made a very strong reversal in the second half of 2024, following a sharp drop of more than 10%, with an aggressive bearish impulse and also broke the lower trendline of the impulsive channel back in August. Since then, the first recovery unfolded in three waves, suggesting this move could be part of a complex correction—currently still unfolding as a wave B pause.
Ideally, this structure is forming a triangle, especially as the drop back to the recent April lows also looks corrective. So, I believe the triangle scenario is the most likely scenario here, and price could now be heading toward the upper side of the range if risk-on sentiment continues. Still, upside may be limited, as this range could stay in play until all A-B-C-D-E legs are completed. If correct, wave C for a deeper move lower is still missing and could develop later this year.
Grega
GLDGold has extended slightly passed the 2.618 extension fib and then began to fall back down. It is too early to tell if price has finally topped or not. It is no coincidence though that it started moving lower as the market started moving higher. I believe that any drop in price for gold is only temporary. It will, IMO, begin to move higher again around the time this larger consolidation of the indices completes.
Should price start to move higher again, we will need to look towards the 2.786 & 3.0 for points of resistance. However, if a local top is in fact in place, we would then continue lower in an overlapping/choppy fashion. I will update as it warrants.
Elliot Wave B then C on 4hrTo confirm a low is in and Wave B’s final leg is starting:
✅ 15M CHoCH – Price must break previous lower high (LL > HL shift).
✅ Bullish volume surge on breakout.
✅ Higher low retest (entry zone).
✅ RSI breaks above 50.
This would line up with a reversal inside your 4H Demand/Reaction Block, adding confluence from both timeframes.
EURJPY: Short Setup with Target Zones in FocusEURJPY outlines a clear W-X-Y corrective pattern. Wave (W) ended at 161.297 , followed by an upward corrective move in Wave (X), which topped at 162.665 with a classic ABC formation.
Currently, the price is hovering around 162.084, likely forming Wave B of the final Y leg. A brief move higher could complete this B wave before the pair resumes its decline toward the 160.922–160.680 area, which marks the projected end of Wave C of (Y).
The broader correction is framed by two descending blue trendlines, providing dynamic resistance and support, while a short-term red ascending trendline is currently holding the price action but may soon give way. If the price stalls or rejects around the 162.3–162.5 zone, it could signal the start of the next leg down, making it a potential setup for short positions. After the reversal from Wave Y, potential upside targets are 161.600, 162.500 , and 163.100 .
We will update it soon!
FETUSDI sold every single FET I had at around 2.50s in May 24 and I've not been really interested in it since then, apart from a few short term traders. It's always been a terrible asset to trade frequently, a pain to wait for it to do its thing and then everything happens in a matter of few weeks. As if it's not enough, the merger made it even less attactive.
Anyway, this chart is from December and finally it's in my buy zone. If the qFVG doesn't hold, then i think it'll go down to htf golden pocket for a 98% retrace from ATH. The team behind is relentlessly building and making partnerships, so i think its time can come again.
PEPEUSDTBased on this analysis, wave E is complete and any retracement to around 0.0000078 is a buying opportunity.. and around 0.000017 to 0.000022 is the possible end zone of wave F..
Even if the price returns to the levels of 0.0000058 to 0.000005 once again, it will still be an ideal buying opportunity to buy spot.. And this is just a simple analysis and there is a possibility of error in it..
Bitcoin Long: Cycle level Wave 5, Primary level wave 5 of 1Over in this video, I discussed the big picture level for Bitcoin and labelled Cycle level waves. I touched on my wrong calls for shorts of Bitcoin and I also went through the updated bullish wave counts.
Big picture wise, I expect Bitcoin to break new high and move to $143,000 as my main price target.
GOLD Analysis (April 26, 2025) - 2 hours, weekly & MonthlyChart 1: 2-Hour Chart (Short-Term View)
Pattern Observed:
Clear Elliott Wave structure identified.
Wave ①, ②, ③, and ④ are completed.
Currently in Wave ⑤ (ongoing impulsive up move).
Current Setup:
Wave ⑤ has started and appears to be very impulsive.
The target for Wave ⑤ is near $3600 zone.
Expect a sharp upside move toward $3600 in coming sessions (possibly within next 1–2 weeks).
Important Note:
Since Wave ⑤ is impulsive, price may move very fast with little retracements.
Strategy:
Short-term bullish until $3600 is reached.
After completing ⑤, expect a strong and sharp correction downward.
Chart 2: Weekly Chart (Medium-Term View)
Pattern Observed:
Weekly candle has formed a long-legged inverted hammer, almost like a high wave spinning top.
This is a warning sign indicating strong indecision and possible trend exhaustion.
Interpretation:
Weekly structure is signaling that GOLD is losing strength at higher levels.
There is hesitation for further continuation of the uptrend.
After a small last push (likely completing the final Wave ⑤), there are high chances of a bigger retracement.
Strategy:
Watch closely how next week’s candle forms.
If next week closes weakly or forms a bearish pattern (like bearish engulfing), expect bigger fall.
Chart 3: Monthly Chart (Long-Term View)
Pattern Observed:
Monthly chart shows momentum loss at top.
AO (Awesome Oscillator) indicator is flattening after a massive upmove.
Momentum divergence starting to appear (price made higher high, AO showing flattening/slightly diverging).
Interpretation:
GOLD is still strong, but momentum is clearly reducing at the top.
If GOLD touches $3600 next month and fails to sustain, a big red monthly candle can form.
This could mark the start of a medium-term bearish phase (several months correction).
Strategy:
Next month (May 2025) is extremely critical for GOLD’s major trend decision.
If a red candle forms in May after touching $3600, it could trigger a multi-month downward correction.
Conclusion:
In the short term (next few days), GOLD likely continues to rally towards $3600.
Next 2–3 weeks are critical — observe if reversal signs appear near $3600.
May 2025 is very important:
A monthly red candle after touching $3600 can confirm a bigger downward correction.
If correction starts, it will likely be sharp and deep, matching the intensity of the 5th wave up.
Disclaimer:
This analysis is for educational purposes only and not a financial advice. Trading involves risk. Please consult your financial advisor before making trading decisions.
$SPY April 28, 2025AMEX:SPY April 28, 2025
15 Minutes.
We had 3 days without any gap issues.
So, Some consolidation.
So, if we take the low 508.46 as bottom for the last fall then for the extension 508.46 to 544.44 to 533.8, we have 557 as initial target.
A retracement to 538-542 levels will be good as averages will converge slightly for a move towards 563.
For this holding 533-534 is very important.
BITCOIN | 30M | IMPORTANT SUPPORT ZONE Hello, my friends,
Yesterday, I shared a Bitcoin analysis and stated that my target level is 97,300.
At the moment, we are within the blue support zone I highlighted in my analysis yesterday. Although this is not a very strong support zone, I am expecting an upward movement from here. However, the most critical support level lies between 92,000 and 91,000.
As I mentioned yesterday, as long as the price does not drop below the 92,000 - 91,000 levels, my target remains at 97,300.
Please don't forget to like.
Thank you to everyone who supports with likes.
BELUSDT 1H TIMEFRAME - ELLIOT WAVES FROM FIBONACCI RETRACEMENTI just played with the Fibonacci retracement tool and traced the 5 waves with the minimum expected values.
--> If the probabilty with the retracements remains like this, then we could expect at least these results with the retraced minimum values .
--> Else if it collpases under the starting point of the wave 1 then these retracements should be ignored.
Ethereum (ETH/USD) Elliott Wave Macro Analysis – Wave (3) Has BeCOINBASE:ETHUSD
🔵 Macro Count Overview
Ethereum has been unfolding a clean macro impulsive structure since the 2021 high and 2022 low:
November 2021: Major Wave ① top
June 2022: Bear market bottom, forming Wave ②
From there, we began a new impulsive cycle with a clear internal structure:
→ 1-2-3-4-5, which completed Wave (1) in December 2024
🟢 Recent Developments – The Foundation for Wave (3)
Over the last few weeks, Ethereum has formed a textbook Wave (2) bottom.
The correction respected the Fibonacci retracement zones perfectly and provided a strong base.
We’ve already seen a clean breakout to the upside, signaling that Wave (3) may now be underway.
🟨 What’s Next – Building Wave (3)
We are now likely in the early stages of Wave (3), which is expected to unfold in a yellow internal 1-2-3-4-5 structure.
This sequence will drive the price into significantly higher zones, confirming the start of a powerful bullish leg.
🎯 Target Zone for Wave (3):
$6,600 – $7,200
Based on Fibonacci extensions of the prior impulse (Wave 1)
Potential for higher extensions if momentum and volume align
Psychological resistance may act as short-term hurdles, but structure points higher
✅ Conclusion
Ethereum has completed its macro Wave (2) correction and is now gearing up for an extended Wave (3). With a breakout already underway, the internal structure points to a 5-wave advance likely aiming for $6,600–$7,200 or higher. As long as recent lows hold, this scenario remains firmly in play.
Solana (SOL/USD) Elliott Wave Update – Countertrend Rally in ProBINANCE:SOLUSDT
🟠 Current Elliott Wave Outlook
After completing Wave ③, Solana began a sharp correction. This is how the current structure unfolds:
The initial leg down unfolded as a clear (1)-(2)-(3)-(4)-(5) structure in black – forming the white Wave A of a larger A-B-C corrective pattern.
We are now in the corrective counter-move, forming Wave B.
🔄 Zooming into Wave B: Internal Progression
The early part of Wave B is unfolding as a small impulse:
→ Wave 1, 2, 3, 4 have already played out.
→ We are currently moving from Wave 4 into Wave 5, which is expected to complete the black (A) of white B.
The top of Wave (A) is already marked on the chart, coinciding with key Fibonacci Extension levels, which reinforce the probability of local exhaustion.
🟨 Next Structure – Building Wave (B) of B
After the black (A) completes, we expect a retracement wave (B).
This would then be followed by a yellow 1-2-3-4-5 impulse to the upside – forming the full structure of white Wave B.
📉 What Comes After B?
Once Wave B (in white) is complete (built from the black (A)-(B)-(C)), we anticipate another larger leg to the downside – white Wave C.
This would complete the full A-B-C correction from the macro top of Wave ③.
🎯 Key Zones to Watch:
Black Wave (A) Top = short-term resistance
Fibonacci Extension Area = likely exhaustion zone for the current rally
Wave B (white) = potential bearish trap before the real drop (Wave C)
✅ Summary
Solana is currently in a countertrend corrective phase after finishing a macro Wave ③ top. We are in the midst of building Wave B, starting with a local impulse that forms black (A). After a minor pullback (black (B)), a 5-wave push (yellow) could complete Wave B before another major leg down kicks off in Wave C.
Bitcoin Elliott Wave Macro Update – Wave (5) 🟢 Macro Structure Since November 2022
Since the bottom in November 2022 (~15.5K), Bitcoin has been unfolding a clean impulsive structure, counted as:
(1) – strong breakout from the bear market lows
(2) – corrective pullback as a base
(3) – major impulsive rally with clear volume expansion
(4) – textbook correction right into the white Fibonacci zone, perfectly respected
Now, we are in Wave (5) – the final leg of this larger impulse!
🔄 Internal Structure of (4) → (5)
From the low of wave (4), the price action is developing in a classic 1-2-3-4-5 formation, where:
Wave 1 initiated the breakout
Wave 2 formed a shallow pullback
Wave 3 surged with momentum and volume
Wave 4 seems to have completed (or is finalizing now)
COINBASE:BTCUSD
Wave 5 is upcoming, potentially unfolding as an ABC structure (rather than a straight-line spike), showing a more measured grind toward the top
🔁 Cycle-Level Perspective
This entire impulse from (1) to (5) forms a macro Wave ③ in the larger Elliott Wave cycle.
Given the structure of Wave (5) so far, we may not see a vertical blow-off top but rather a controlled ABC move into the top zone.
🎯 Target Zone for Wave ③
$127,000 – $136,000
Based on Fibonacci projections of waves (1)–(3)
Strong psychological levels
Likely confluence with macro channel resistance and long-term projections
✅ Conclusion
Bitcoin is currently progressing through Wave (5) of the macro impulse that started in late 2022. The structure from Wave (4) suggests a well-organized path forward – possibly forming an ABC structure into the final high of macro Wave ③, with targets in the $127K–$136K zone. This level could mark a major turning point before a deeper corrective phase begins.
BTC Pumped Hard – Is It Time for a Pullback to Fill CME GAP!?Bitcoin ( BINANCE:BTCUSDT ) started pumping after the pullback, as I expected in my previous post , I hope you were able to take profits.
Bitcoin is trading in the upper areas of the Heavy Resistance zone ($95,000-$88,500) , near the Resistance lines and the upper line of the ascending channel .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
From the Elliott Wave theory perspective , it seems that Bitcoin has completed the main wave 3 and we can expect the completion of the main wave 4 today .
I expect Bitcoin to correct in the next few hours and drop to the targets I have specified on the chart and fill the CME Gap($93,465-$91,415) .
Cumulative Short Liquidation Leverage: $95,700-$94,542
Cumulative Long Liquidation Leverage: $92,666-$91,415
Cumulative Long Liquidation Leverage: $90,276-$89,160
Note: If Bitcoin can break the upper line of the ascending channel, we should wait for the next pump.
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 a 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.
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APTUSDT → Retest of the liquidity zone. Downward trendBINANCE:APTUSDT.P failed to realize its potential. The price made a false breakout of resistance and formed a reversal pattern. Correction or continuation of the downtrend?
Bitcoin is rebounding from resistance. Technically, the market may enter a correction or consolidation. Altcoins are reacting accordingly — correction
Within the downtrend but local ALT rally, APT failed to realize its potential and formed liquidity accumulation and a false breakout of the downtrend channel resistance before a possible decline...
Resistance levels: 5.2, 5.458
Support levels: 4.76, 4.48, 4.17
A consolidation of the price below the trend resistance or below 5.20 could trigger a continuation of the global and local trends. The coin is likely to remain near the bottom and test new lows...
Best regards, R. Linda!