Time to BuyIn the mutch to Say.
Iota has finished making the ABC correction and now should start his discharge movement.
Elliott Wave
Bitcoin Overall: Now we can go higher.This may sound absolutely crazy given what's currently happening in the market: if you look at my previous Bitcoin overall, you'd see that I is essentially predicted a move up, then I move down, but I didn't really know what scale the moves would be. It turns out, the scale of both that up move and down move were significantly larger than I was thinking, hitting my lowest buying level just now.
Similar patterns have happened in many coins. Most of them are hitting very important levels.
I believe that we will essentially resume the uptrend and make new all-time highs very shortly--this is based on my understanding of Elliot Wave theory, where we've essentially just completed Wave 2 of a five-wave move to the upside--this 5 Wave move being wave three of the last bigger wave (Wave 5) for the entire Overall cycle. So yes, we are nearing the end! However, unless 88.8k is broken to the downside, I don't believe this bull market is over.
It's going to be interesting to see if the market will prove my essentially at the time wild prediction correct... Or if I'm going to have to start selling my crypto assets 😂
Tesla UpdateLooking at how crypto is acting and how the ES opened tonight, I think it highly probable that the white count is playing out as expected. Of course, Tesla doesn't have to follow the market, but the probability that it bucks the overall momentum is very low.
If it does open as expected, the white fibs here will help to guide the price lower. I would expect it to hit the 1.0 @ $324.26 at the minimum with a greater chance of tagging the 1.382-1.618 @ $280.15 - $252.91 respectively. We will just have to wait to see. At this juncture though, with the available data, the white count appears the most likely.
a l t s e a s o n b e g i n sread that title one more time anon,
and then again.
bookmark this post,
come back to it in a few months and tell me you made money,
or come back to it, and tell me how wrong i was.
either way,
this is the primary.
---
there is blood on the streets, so i come here on this eve' to share my perspective, to shed a little light on how i'm looking at this structure. i don't have to put this update out today, i really don't, but i'm doing it for you, the people. if i'm wrong, so be it, but if i'm right, donate a portion of your winnings to a charity and go live out the rest of your life away with a smile on your face.
---
my theory on ethereum is simple,
i'm labeling the entire move from november 2021 -> november of 2024 as a triangle.
for this triangle to work out, it is imperative for ethereum to stay above 2359.29 which is the hard invalidation on my idea.
sweep this low, and ethereum can see a liquidation down to $800, where the real trench will be discovered.
---
keep in mind, i am not a financial advisor, this is simply my best bullish take on a market which so many are fleeing from, during a time where alt season is on the verge of beginning.
🌙
3-3-5 Wave 2 Running Flat. Tell me I'm wrong.I’ve been quite confused for a while, but structure, volume, indicators, all of which have been bugging me, now stack up quite neatly with the idea that this is a running flat.
XRP never left wave 2, which is why the “breakout” looked like it failed.
$ICP #ICP potentially repeating patterns? We are #BULLISHAF2024
WIth the recent merger "news", this is definitely an important one for the AI blockchain space
I had targets for ICP that played out
the news came after the fact
and seeing it pamp past cpl days, its interesting how the news headlines show up at key moments instead of when its consolidating at the lows
Regardless, its not a sell signal, can easily continue pamping
IF we drop, were looking for similar patterns to play out with target range $4-$8 before start new leg and next phase of #BullRun2024
The next phase is where we can anticiapted BTC.dom becoming weaker as alts start taking over
You SHOULD want THIS drop
esp if you are bullish
We wait, pattern and chart tells me to favor the move
First big drop always get nice bounce (great to re-accumulate/take small quick fast profits)
2nd big drop favors the local bottom target range (great to start re-accumulation) before the bottom is completed. Then we wait for higher lows breakout & retest to go LONG
Should take few weeks.
We wait.
NEAR GETTING READY TO EXPLODEExpected wave C of micro (ii) to be completed and NEAR may soon explode!!!
ETHEREUM NEAR ABOUT TO EXPLODE !!!We may see Ethereum drop upto 2700. where maximum chances are of completing it's C wave of micro wave (ii).
OIL Elliott Wave AnalysisHello friends
In the oil price chart, we saw the formation of a triangle that has ended and with the price moving upwards and breaking the downtrend line and pullback to it, it has formed a 5-wave pattern, all of its sub-waves have been identified.
The 4 sub-waves of this pattern have been clearly formed and wave 4 has corrected by 61.8% of the Fibonacci.
Now it is the turn of the price to move towards wave 3 or C.
The first target is $82 and the second target is $86.
Be successful and profitable.
FIL READY TO EXPLODECurrently we are forming minor wave (ii) of major wave 3.
wave (ii) is near about to end and we may see FILUSDT rallying soon
BTC - 1H Elliott Wave AnalysisGreetings, here is an update on the Elliott Wave Count for Bitcoin.
It seems the lower timeframe support area didn't hold and we are going down lower at the moment. As mentioned in the last update, a break of the support area indicated a reset of white Wave 2. In this case the correction might be unfolding as ABC displayed in red here.
The white Wave 2 support area sits between the 0.5 FIB at 97682.3 USD and the 0.786 FIB at 92667.2 USD. The next targets for red Wave C are the 1 to 1 FIB at 97680.0 USD, the 1.236 FIB at 95718.0 USD, the 1.382 FIB at 94523.9 USD and the 1.618 FIB at 92625.3 USD.
For the red Wave C we added a low timeframe count in displayed turquoise.
Technically we could've finished the five Waves but extensions are possible.
If we extend we want to see a Wave 4 now.
The support area for turquoise Wave 4 sits between the 0.236 FIB at 99973.6 USD and the 0.5 FIB at 102056.0 USD. If we touch the 0.618 FIB at 102986.8 USD the Wave 4 gets invalidated and we either have the low in or form a bigger correction.
Alternatively the white Wave 2 could still be in on the 27th January low at 97680.0 USD and the move up was orange Wave A and the sell of orange Wave B and next we would get orange Wave C. This is not the preferer count but we want to make you aware of it. :)
Noteworthy is that the red Wave C targets are perfectly in confluence with the white Wave 2 support area and additionally the 1 to 1 FIB target at 97680 is right on top of the last swing low.
Thanks for reading.
NO FINANCIAL ADVICE.
XRP - 4H Elliott Wave AnalysisGreetings, here is an update of the Elliott Wave Count for XRP.
It seems the lower timeframe support area of white Wave 2 didn't hold and we are going down lower at the moment. As mentioned in the last update, a break of the white Wave 2 support area indicated a reset of blue Wave 2 in an extended correction displayed as red ABC.
The blue Wave 2 support area sits between the 0.5 FIB at 2.7350 USD and the 0.786 FIB at 2.4149 USD. The next target for red Wave C are the 1 to 1 FIB at 2.5130 USD.
For the red Wave C we added a low timeframe count in displayed turquoise.
Technically we could've finished the five Waves but extensions are possible.
If we extend we want to see a Wave 4 soon.
The support area for turquoise Wave 4 sits between the 0.236 FIB at 2.7981 USD and the 0.5 FIB at 2.9212 USD. If we touch the 0.618 FIB at 2.9763 USD the Wave 4 gets invalidated and the low is either in or we get a more complex corrective structure.
After blue Wave 2 finished we want to see a rally in blue Wave 3 which should take us above the previous ATH at 3.5505 USD.
Thanks for reading.
NO FINANCIAL ADVICE.
XRP - 4H Elliott Wave AnalysisGreetings, this is our update for the 4H Elliott Wave Count!
We dipped into the blue Wave 2 support as we did expect it in our last Analysis.
It seems that for XRP the low of blue Wave 2 is in and we have seen the first impulsive reaction to it displayed as white Wave 1 here. Currently it seems as if we are working on the white Wave 2 in the pink ABC.
White Wave 2 support sit between the 0.5 FIB at 2.9370 USD and the 0.786 FIB at 2.7786 USD.
The correction seems to be unfolding in the pink ABC. Assume that pink Wave B is already in we can calculate targets for pink Wave C which are the 1 to 1 FIB at 2.9280 USD, the 1.236 FIB at 2.8804 USD, the 1.382 FIB at 2.8510 USD and the 1.618 FIB at 2.8034 USD.
After that we expect a rally in white Wave 3 which could take us to a new ATH.
On the chart we also calculate potential targets for the blue Wave 3 which sit at the 1 to 1 FIB at 3.7263 USD, the 1.236 FIB at 3.9788 USD, the 1.382 FIB at 4.1351 USD and the 4.3876 USD.
If we break about the white Wave 2 support we are probably extending the correction and resetting blue Wave 2. Blue Wave 2 support sits between the 0.5 FIB at 2.7992 USD and the 0.786 FIB at 2.4555 USD.
Be aware that we have high impact news later today.
Federal Funds Rate followed by the FOMC statement which can lead to volatility.
Thanks for reading.
NO FINANCIAL ADVICE.
Hims local topHims just completed a 5th way as it bursted through the demand zone. I sold calls around these levels for a reason. I believe a huge dump is coming and that this was a short squeeze. I am VERY bullish on hims long term but this is textbook overheated. A 65% move in such a short amount of time is likely to produce from selling.
BTC - 4H Elliott Wave AnalysisGreetings, here is our 4H Elliott Wave Count for Bitcoin.
We briefly touched the 0.5 FIB at 97680 USD of our white Wave 2 support area.
It is unclear yet if the low is in but we technically can count a five wave move up on the lower timeframes. If the low is in we expect an impulse to the upside in a five wave move displayed in green here. The green Wave 1 seems to be in and we are working or finished the green Wave 2.
The green Wave 2 support sits between the 0.5 FIB at 100743.2 USD and the 0.786 FIB at 98996.5 USD. After green Wave 2 is in we expect a green Wave 3 which could take us close to the ATH.
It is possible that we get one more dip into the white Wave 2 support area before moving to the upside. But that wouldn't be a big issue as we still got some room.
The white Wave 2 support sits between the 0.5 FIB at 97682.3 USD and the 0.786 FIB at 92667.2 USD. Additionally we put the next or optimal target for the orange Wave Y on the chart which sits at the 1 to 1 FIB at 95594.1 USD.
Noteworthy is that the 1 to 1 FIB at 95594.1 USD of the orange Wave Y sit right on 0.618 FIB at 95613.1 USD of the white Wave 2 support. But technically we reached the minimum target for a orange Wave Y already at the 0.618 FIB at 99377.0 USD.
A break of the 0.786 FIB at 98996.5 USD of the green Wave 2 support area is the first indication that we will reset white Wave 2 lower.
Additionally we added some price targets to the upside which could function as resistances.
These sit at the 1.236 FIB at 112958.8 USD, the 1.382 FIB at 115760.8 USD and the 1.618 FIB at 120391.7 USD.
Be aware that we have high impact news later today.
Federal Funds Rate followed by the FOMC statement which can lead to volatility.
Thanks for reading.
NO FINANCIAL ADVICE.
Bitcoin H4 (Wave Analysis) - UpdateBitcoin H4 (Wave Analysis) - Update
we are still in corrective wave which is 2 from 5 as shown in chart.
Regards,
$SPY February 3, 2025AMEX:SPY February 3, 2025
Weekly
We will consider 2 lows.
218 made in 2020 and 348 made in 2022.
Now for the move 218 to 473 to 362.
100% move for the extension i218 to 473 is 612 levels.
That is nearly achieved around 610 levels.
Now for the extension drawn from 348 to 459 to 409 1.618 extension is around 591.
This is also done.
However, in monthly time frame for the extension 218 to 479 to 348 100% extension is at 620 levels. Which is the next target.
At the moment daily is strong.
We have 9,21 and 50 converging.
100 averages are at 586 levels.
So, if any fall I expect good support around those levels.
60 Minutes.
As written earlier AMEX:SPY in a box.
Gaps, long bars need to be sorted out.
200 hourly is at 596 levels being bottom of box.
So, I will dell only below that.
For the rise 575 to 610.78 50% retracement 593 levels.
AMEX:SPY already attempted once that level and bounced back to 609 levels.
So, for the rise 594.64 to 609.96 holding 599-600 is important for uptrend to continue.
ETH Low-Time Frame UpdateBreaking $2,910 confirms this bearish idea. The next key supports are shown in the chart.
Breaking $2,084 opens the door for a potential bear market.
Passing $3,427 and $4,108 ends the nearly 4-years long correction.
#Ethereum
BCH Price ZonesAfter finishing the 5-wave uptrend for BLACK 1, the correction is going far (as with most altcoins).
I am still considering we are inside BLACK 2, but we are currently in a bearish zone.
A break of the green descending trendline below gray resistance, turns my bias NEUTRAL. Only above gray resistance we would be really bullish again.
Bitcoin: Full February plan (125K shortly)Since the price of bitcoin broke out of the falling wedge formation and was successfully retested twice, its price action is incredibly bullish right now! We may anticipate higher prices over the next few days and weeks because there isn't anything particularly negative about the price action.
Three powerful levels are visible on the chart, which you can utilize to guide your trading selections. The symmetrical triangle's 0.382 FIB and POC mark the initial level, which is located at 105,544 USDT. Following a breakout, this level will probably be tested soon. This implies that Bitcoin may surge above $110,000, then return to test this level before rising further. 110,342 USD is the second level price. Because it is the 0.618 FIB extension from wave 1 to wave 2, this level is likewise quite powerful.
We can anticipate a liquidity sweep above this swing high and a brief downturn since it is also above the prior all-time high. At 118,109 USDT, the third level is located. We also have a 1:1 FIB extension, and as you may know, Bitcoin responds to this extension rather consistently, so this is another important level. It's among the greatest.
The Elliott Wave analysis shows that the price action is likewise bullish. Impulse wave 3 has begun, and we have just completed the ABC correction with a 1:1 FIB extension. The 1:1 FIB extension may also mark the end of this wave 3, but we must watch for trendlines, chart patterns, and maybe RSI bearish divergence.
For the upcoming days and weeks, this is my main strategy. The other strategy is that the ABC correction (wave 2) may become a WXYXZ triple three corrective wave if it is not finished.
I'll provide you with an analysis if you leave a comment with your altcoin. For more inspiration, please hit boost and follow. If you have a skilled coach, trading is easy! Since there is no stop-loss or profit goal, this is not a trade setup. I keep my trades to myself. Thank you, and best of luck with your transactions!
BITCOIN → The price is getting ready to drop to 100K - 97KBINANCE:BTCUSD is facing strong resistance. The price is being pushed away from the 105-107K zone as much as possible, forming a defense conglomerate. But, this resistance cannot overshadow the global bullish situation yet
A controversial situation is forming on H1-H4: a descending channel and a symmetrical triangle. And everything depends on what part of the market sees which figure. The primary reaction to the triangle support may be accompanied by a rebound, but based on the situation with the resistance, we can assume that the rebound from the triangle will not be deep and the price will try to go down.
If we look at the descending channel, the price is held back from falling by the support at 101.600.
Yes, technically, it is the support of 101.600 that plays the main role now. The main question is whether this level will hold the price or not.
Fundamentally, the situation is debatable, as the situation mainly depends on America, on how Trump and officials will use rhetoric regarding cryptocurrencies. It could be a bubble, a scam to win an election, or empty talk. Or it could be an actual strategy
Resistance levels: 103.4K, 105.8K
Support levels: 101.6K, 99.6K
Emphasis on 101.6. In the short term, I expect a breakdown and price consolidation below the level followed by a drop to 100-97K
BUT! Since there is a symmetrical triangle on the chart, a false breakdown of 101.6 may lead to a small upward bounce before a further fall to 100K
Regards R. Linda!
WE MIGHT SEE ANOTHER LAST FLUSH BEFORE 140k !!!
According to this elliott wave count, BTC currently might be forming Y leg of Double three pattern.
Wave Y is expected to end in green box, in between 99-92K region.
Invalidation is below 89.3K.
