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Elliott Wave

TRX looks fantastic for the long termCould TRX be in the middle of a wonderful impulse of 5 waves within a larger degree of trend? It looks like it just might be. It fits beautifully within the Hurst cycles (semi circles) at the bottom time wise. And, with wave 1 often looking very similar to wave 5, we could see a massive blow off top for wave 5 over the coming months. This is one of the coins that does not make up part of my portfolio, no matter how strong the analysis looks. But, if you want to go for it it's entirely up to you. Get out when the trend line breaks to the downside which will signal wave 5 having completed. Follow for more.
BINANCE:TRXUSD.PLong
by cryptechcapital
1
Not seeing a huge upside to ETHIt looks as though a recent correction for ABC is complete with a new impulse of 5 waves just commencing. Will the 5 waves break through the upper trend line in this impulse or will they correct as it they buffet the trend line down for another short ABC and then push through the trend line in the next set of 5 waves? We have some wonderful upward lunges of late with ETH, but I'm not seeing the size and scale that we're seeing with BTC. Going long, but not aggresively. Follow for more.
BITSTAMP:ETHUSDLong
by cryptechcapital
2
Anticipating Google’s Next Move: Short Term SwingGreetings Everyone, This is my 4th posting today - please show support by commenting and leaving a like. This is a rough draft of an idea I have for shorting what is probably my favorite stock in the entire market. I’ve chosen to use this format, line chart, and color scheme because it best illustrates the idea, especially considering the numerous personal notes I’ve hidden on the chart for reference. Based on Elliott Wave Analysis and my interpretation of this chart, I believe a near-term correction is approaching for ticker GOOG / GOOGL. Google Earnings: Stellar Earnings ❤️ Google generated $88.27 billion in revenue for the quarter, which was higher than the anticipated $86.3 billion. This marks a 15% year-over-year growth compared to Q3 2023’s $77 billion. Net income was also robust, reaching $26.3 billion, up from $19.69 billion a year ago . Technical Analysis: This evaluation is based on a long-term analysis using Elliott Wave Theory, mapping out the five-wave sequence. In the chart, you’ll notice a completed wave 5,A,B and Wave C starting to unfold. Bearish signs 🪧 - Exhaustion Gaps - Failure in reaching previous major rejection point - Massive Bearish Engulfish Candle on candle stick chart - Broke through previous consolidation zone - Based on previous analysis failed W bottoms and inverse head and shoulder patterns have a strong reversal if fails to follow through. - MACD turning down with big selling volume Best, Clemard
NASDAQ:GOOGShort
by coilemard
2
Bitcoin - Last stage of the pump! (sell here and wait 50% crash)Bitcoin is in the last stage of the bull run. Buying Bitcoin at 93,000 is not worth it for the long term because you will be able to buy it cheaper in 2025/2026 at the price around 60,000-50,000. The moon boys are back and everyone is very bullish; that is usually a sign of a cycle top. Bitcoin always moves in significant cycles and is highly volatile. New people don't know it, and their finances get completely ruined with each bearish cycle. Let's look at the technical analysis. Always start with simple trendlines. We can draw a very nice trendline starting from wave (1) -> wave (3). These 2 points are significant swing highs. This gives us a current profit target of 107,000 USD in December 2024. Next, what we want to do is look for the Fibonacci extension levels. As per Elliott Wave analysis, we are in the last wave (5), You want to draw the fibonacci extension from the start of wave (1) to the end of wave (3) and the second point will be the end of wave (4). This also gives us a profit target of 107,000 USD! This is not random; this is pure skill. 95% of retail traders don't use the Fibonacci extension tool, and among the 5% of users, 95% of them don't know how to use the tool properly. I know how to use it properly with the Elliott Wave theory, as I have been trading crypto for almost 10 years. Enter a short position at 94,500, first profit target 92,480, second 91,062. 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!
Short
by Xanrox
161
DOT/USDT (Very Important) The MATIC chart I shared is almost identical to the DOT chart, with only minor, negligible differences. The same scenarios are active for both DOT and MATIC. The white scenario I’ve illustrated represents an initial correction followed by an impulsive rise, while the orange lines indicate a 1-2, 1-2 setup with minimal corrections. For DOT, the invalidation level for the white scenario is $7.15. In my opinion, the probability of the white count is 51%, and the orange count is 49%. This is not investment advice. If you ask me, it looks like the last accumulation phase before a major rally in altcoins. Again, this is not investment advice.
BITFINEX:DOTUSD
by yagizatokersoy
MATIC/USDT (VERY Important Update)I previously shared an analysis for MATIC, and now I’m updating it. The reason for MATIC's price rising while the market volume is decreasing is due to the dominance of the wedge pattern. The chart I’ve shared should not be overlooked at this point. The invalidation level for this Elliott wave count is $0.56. For those holding in spot, there’s no issue, and there’s no need to sell. For futures, it’s better to observe for a while—neither short nor long. This is not investment advice; it reflects my own opinions and strategy. There are many different Elliott wave counts in the market, and accurately predicting them is truly challenging.
by yagizatokersoy