Bitcoin Overall--sideways for nowI think we are entering a multi-day to multi-week 'sideways' phase in BTC's price.
I'm using Elliott wave theory primarily to hypothesize this. We are in wave 5 of the bull market (final wave), and entering the 4rth wave of this wave from what I can see--although it my count could be incorrect if there is an extension. Or perhaps we will have a prolonged 5th wave!
Elliott Wave
Alikze »» MOVR | Supercycle Bullish Wave 3 or C Scenario - 1D🔍 Technical analysis: Super cycle Bullish Wave 3 or C Scenario - 1D
📣 MEXC:MOVRUSDT currency has encountered demand after a zigzag correction in the 3.61 range, which has had a rapid upward rally
🟢 After that, the price has had a double complex zigzag correction to the origin of the third upward wave.
🟢 Again, in the origin of the third movement, with a three-wave movement, it has encountered demand again in the area of the bottom of the ascending channel.
🟢 Currently, selling pressure is also observed in the ceiling of the ascending channel and the supply area.
💎 If this correction is broken in the form of a zigzag to the minor ceiling, it can be extended to the minor ceiling. It can again encounter demand and an upward rally to the minor ceiling of the previous rally.
💎 Depending on the momentum, this cycle can be a super cycle wave 3 or C to touch the red box area.
⚠️In addition, if the area touches the bottom of the previous wave, the bullish scenario is invalidated and should be re-examined and updated.⚠️
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$SPY November 25, 2024AMEX:SPY November 25, 2024
15 Minutes
On Friday as expected 596 was done.
A box is formed. tight sideways move.
So, on Monday for the rise 584.64 to 596.15 holding 591 levels uptrend will continue in 15 minutes time frame.
Noe for the 611.07 to 583.8 AMEX:SPY has retraced more than 61.%. So, for the moment any retracement I expect 584 to hold on downside.
In 60 minutes, time frame for the move 567.89 to 600.17 to 583.86 61.8& extension is around 603 levels.
That is the first target for me.
Also, in 15 minutes taking 2 LL at 584.02 and 584.64 and high at 591.06 first target of extension value 596 is done.
The second target here too is 603 levels
SQ - wait for discountSQ - pulling back into buy zone. Wait for around 50ish.
Earnings in couple of weeks, I bet this will reach the buy zone before that. If earnings beat with strong forecast, can push this higher.
Stop Loss - 40
Long entry - 50-54
Target # 1 - 100
Target # 2 - 130
Target # 3 - 150
Cronos CRO In Trouble - BUY & HODLCronos can go bust, but even so, it's on Sale.
CROUSD / CROUSDT will go straight bull at one point.
So, I am still buying these poopy coins on each major fall they have.
Yeah, that's what I do.. putting my money into a black hole.
My next good BUY LEVEL: $0.03 .
Who knows, maybe I'll actually get rich.
My Technicals on CRO:
* Elliott Wave A-B-C Pattern
* Fibonacci Retracements
* Fibonacci Time Zones
* Double Bottom
* Cycle Analysis
* Bullish Divergence
Fibonacci Time Zones tell me that the beginning of '23 will be amazing!
DOGE To Mars - The Elon RideDOGE got a memorable boost with the previous FOMO.
With the Crypto Markets preparing for the next boom, I think this one will go again.
This dog went to the Moon, now Elon's gonna take it to Mars.
I will not hesitate to get my hands on this Dogecoin at the $0.03-$0.01 range.
DOGEUSD ( DOGEUSDT , DOGEBUSD ) Tech. Analysis:
* Elliott Wave Impulse: Cycle A (white)
* Elliott Wave Correction: Primary A-B-C (red)
* Ending Diagonal: Primary C (red)
* Bullish Divergence
* Demand Zone
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Double Bottom
It might take a while, but it proved to be a nice meme coin.
So, might as well get some if it provides a better level.
Ripple XRP - The Banks Worst Nightmare - Beast ModeRipple ( XRP ) will put the banking system to the test.
Many attempts to shut down this "wonderful" coin have been made.
Still, it's alive, has a pulse, and it's barely getting started for the New Crypto Age.
It will take some time indeed, until it would be implemented in the systems.
All I can say is that, IMO, the Crypto Revolution is inevitable.
Anyway, let's get on with it and have a deeper look at Ripple.
XRP ( XRPUSD , XRPUSDT , XRPBUSD ) Tech. Analysis:
* Elliott Wave A-B-C Pattern: Cycle a-b-c (red)
* Ending Diagonal in Cycle C (red)
* 88.6 Fibonacci Retracement
* Bullish Divergence
* Demand Zone
* Double Bottom
There you have it! A trading set-up.
But where's the level bro?
Oh.. yeah, it's $0.175 .
Good luck you HODLer!
EOS The Ethereum Killer LOL - BUY & HODL EOS was supposed to be the Ethereum killer, LOL.
However, if the Crypto Markets start booming then EOS ( EOSUSDT , EOSUSD ) would triple the ATH.
I've been holding and adding more on the next drop.
A good level IMO is: $0.50 .
My Technicals:
* Elliott Wave A-B-C Pattern
* Cycle Analysis (Early '23)
* Super-Cycle (b) (turquoise) Completion
* Demand Zone @ 0.50 Levels
* Zig-Zag Pattern (Correction)
I am expecting a Crypto Bull Market to start soon.
Solana to $750 - BUY & HODLSolana will not go bust, it's too big for that.
SOL ( SOLUSDT , SOLUSD , SOLBUSD ) has great value behind it.
The project is amazing, and it's on SALE!
So, I am holding and adding even more @ $5 .
Yeah... when people are panicking, I buy. :))))
My Technicals:
* Elliott Wave A-B-C Pattern
* Double Bottom
* Demand Zone
* Double Bottom
* Fibonacci Retracements
The Fibonacci Time Zones point me to a Bull Market Cycle starting with '23.
Good luck getting rich! :D
ETH to $25K - No Joke - BUY & HODLEthereum is at levels not seen since the Crypto Stone Age.
The Crypto Markets will start BOOMING!
ETH ( ETHUSD , ETHUSDT , ETHEUR ) is getting ready to go Bullish.
When? Early '23.
The Fibonacci Time Zones and Cycles tell me that the 3rd Fibonacci Summation is NOW.
So, I reckon Cryptos are getting ready for something BIG.
I do see a last drop before that though.
From Jan '18 until Dec '18 ETH had a whooping 94% crash.
We're only at 82% from Nov '21 top. So I am waiting with buying interest for a much better level.
I am buying big dips, adding value.
If you look at the Ellipse, Ethereum is doing the same pattern it did on the previous Bear Market.
Hmmm...
I've decided on my best BUY level: $550 .
Technical Analysis:
* Elliott Wave A-B-C Pattern
* Jan '18 - Dec '18 Fractal Sequence
* 88.6% Fibonacci Retracement
* Harmonic Pattern: Bullish Cypher
* Fibonacci Extensions Confluence
* Bullish Divergence
* Demand Zone
What more do you need?
Oh yeah, a much better price. :D
We went to the Moon, now let's go to Mars!
Bitcoin BTC to $250K - BUY & HODLBitcoin went to the Moon with Dec '17 top.
Then it corrected 88.6% on the Fibonacci Retracement with Dec '18 bottom.
After that it went to Mars and hit the tops again in Nov '21.
It was a 2000% gain.
What can you tell from this?
Percentage-wise, Correction is lower than the gain.
So, the Dominant Trend for BTCUSD is UP!
OK, back to Earth.
Let's gather fuel and power-up the rocket.
Time to go Interstellar.
Before I go into the technical stuff, allow me to keep things simple for you.
I took the liberty and measured the BTC Cycles.
But you don't need to worry about that, just follow my lead!
I used a fancy tool called Fibonacci Time Zones.
This tells me roughly when the next Bullish Cycle for Bitcoin will start.
We are on the 5th Fibonacci Summation milestone, and another 2000% gain is destined to commence.
When?
Early '23 , like all other Cryptocurrencies.
What's the level?
My ultimate levels are: 10K & 7.5K .
I will buy more there.
I will HODL for the long-term because I know it's a waiting game.
Now you have what you came for: when & where.
You can go ahead and open the next idea. :)
Thank you and you're welcome.
But if you capable of digesting what's to come below, then I put my hat down...
Bitcoin ( BTCUSD , BTCUSDT , BTCBUSD ) Technical Analysis:
* Elliott Wave Cycle: Complete V Cycle Degree (white)
* A-B-C Elliott Wave Correction (red)
* Ending Diagonal in Cycle C (red)
* Harmonic Pattern: Cypher
* 88.6% Fibonacci Retracement
* 161.8% (Golden Ratio) Fibonacci Extension
* Bullish Divergence
* Dominant Trend Line (turquoise dotted)
* Demand Zone
* Fractal Pattern
If you get all this without a headache then you're a legend!
The Aug '15 to Dec '17 is what I'm expecting, and it's a BIG one.
Good luck my fellow HODLer..
Thanks for the like,
Richard, the Wave Jedi.
Bitcoin Dominance: Elliott Wave and Harmonics ComboBitcoin Dominance ( BTC.D) is giving a fantastic trading setup.
It's preparing a BIG Bullish Swing.
From an Elliott Wave point of view, a bullish Impulse Wave is about to start.
In this case I'm talking about Super-Cycle (C) (turquoise).
Moving on to Harmonic Patterns, there are two:
The smaller one is the Bullish Shark, which is preparing its completion.
The second one, and the bigger view, is the Cypher Pattern, which will commence one the Shark is done.
So, bottom line: BTC.D is gonna start flying, and will push the Crypto market into a fantastic Bull Cycle.
Bitcoin Dominance ( BTC.D ) Technical Analysis:
* Elliott Wave Impulse: Super-Cycle (C) (turquoise)
* Harmonic Pattern: Bullish Shark
* Harmonic Pattern: Bullish Cypher
* Double Bottom
* Bullish Divergence
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Demand Zone
Conclusion: Bitcoin (BTCUSD) is and always will be the one and only driver of the Crypto Markets.
100K may have to wait for sometime now that wave 4 is startedINDEX:BTCUSD saw a negative daily close yesterday. With that, its fair to assume wave 4 down may have started and 100K will have to wait till wave 4 is done. Previous degree wave 4 was around 88K so that's a potential target for ongoing wave 4 and 38.2% retracement which is common for wave 4 is around 86500.
Having said that, if #BTC breaches the high of wave 3 (99860) and closes above it then it might mean that wave 5 up has started and 100K is back in picture soon.
GOLD ELLIOTT WAVE ANALYSIS: 24 NOV, 2024 ©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
Wave count changed to maximize probability. Wave 3-grey has ended, and wave 4-grey is still unfolding, there is little data to suggest it has ended, I think it may still be developing. More specifically wave 4-grey is developing as a Flat, its wave ((a))-navy has completed, and its wave ((b))-navy is pushing higher, it could reach 2.765 (Wave ((b)) retraces 90% of wave ((a))-navy), or higher, then a push lower with wave ((c))-navy will unfold.
Alternative wave count: Wave 4-grey has ended, and wave 5-grey will unfold. We also have a pullback with wave ((ii))-navy after that.
ETH D Update
Ethereum looks solid in its way to a new high above 4,000 after the August low. In my primary count, this would be black wave 5 of gray wave 1.
To the upside, we can find a key resistance level in the confluence zone in the gray areas. Corrections should be limited by the support zone shown as the green zones.
Another leg up for BitcoinHi traders,
Last week after Bitcoin finished the Triangle we saw another impulsive leg up just like I've said in the outlook.
So now we could see another impulsive leg up after it finished the small correction into the Daily FVG.
Let's see what the market does and react.
Trade idea: Wait for the corrective downmove to finish before you take a long.
If you want to learn more about trading ICT concepts with wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
Another drop for gold?Hi traders,
After XAUUSD did not respect the Daily FVG, it changed the orderflow to bullish.
So like I've said in my outlook you could have traded longs after a small correction down on a lower timeframe.
Now the correction up is very impulsive so we have to see what price does. If it wants to drop again we could see a rejection at the open next week for a correction down and another impulsive leg up or the last impulsive leg down of the bigger (orange) A-B-C correction (main idea).
Let's see what price does and react.
Trade idea: Wait for a change to bearish again and trade shorts after a small correction up on a lower timeframe.
If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
Could we see another drop on SPX500USD?Hi traders,
Last week SPX500USD made the correction up like I've said in my outlook.
So next week we could see another drop into the Daily FVG lower to finish the correction pattern.
Trade idea: Wait for the correction up to finish and make a change in orderflow to bearish. After that wait for a correction up on a lower timeframe and trade (short term) shorts.
If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
Pullback and down for EURUSDHi traders,
Last week EU made a pullback into the 4H FVG again and after that it dropped to take out the Weekly liquidity (low of 2023) below. It came into the Monthly FVG and rejected from there to the upside.
So next week we could see a pullback into the Daily FVG above and after that more downside.
Let's see what the market does and react.
Trade idea: Price is too low to trade. Wait for a bigger correction up or a reversal.
If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
#ETH #ETHEREUM NEW ATH TARGETSConsidering the formation of the Cup and Handle pattern as well as the Elliott wave count, we can expect the formation of an extended wave 5. Therefore, the possible targets for the end of the Ethereum uptrend, which is formed based on the time analysis until September 2025, can be as follows:
TARGET1: 6660
TARGET2: 10500
TARGET3: 18500 (ABOUT 20000$)