BTC - Steady... steady... almost there!BTC in the short term is looking very much like a WXYXZ is forming. We should therefore see a low, which could temporarily breach the lower trend line. In fact, it'd make for a bullish signal if it did - so watch this carefully. If we see it ping back within the channel, then the formation will likely complete. Next thing we'll need to look for us the breakthrough of the upper trend line. This would then lead to higher higher and the completion of wave 5 of 1 which we have long been looking for. I'm not going to take any actions here until either trend line is decisively broken leading to a trend change. Looks good though, follow for more.
Elliott Wave
Triangle time?Certainly looks like it. Just not sure e is complete. If it plays out as a triangle then either the 50 or the 618 could be the pivot. Below c is the invalidation point but that would likely be a rethink of the pattern and still probably same direction expected for future price. The A-C trendline extended is where I placed the e on this chart. A triangle would be expected to stay inside that boundary.
DogeCoin (DOGE) To Mars - The Elon Ride (Part 2)COINBASE:DOGEUSD has been loyal to me previously.
I managed to get some good Buys on #DOGE.
I aped continuously on the 7 Cents Levels.
Then cashed all my COINBASE:DOGEUSD earnings at the 42 Cents #Resistance.
* all well documented in the related idea.
What Happened To BINANCE:DOGEUSDT ?
It provided to #Correction I was predicting.
From a #Fibonacci perspective, it's enough to be considered as an #ElliottWave 2.
What's Next For BINANCE:DOGEUSDC ?
$DogeCoin follows MARKETSCOM:BITCOIN and the #Altseason.
With BITSTAMP:BTCUSD about to burst again, so will #DOGECOIN.
It might go #Bull now, or Dip and then... so please DYOR.
The #Bullish move would also be provided by CRYPTOCAP:TOTAL3 & CRYPTOCAP:OTHERS , as a new #ATH is in play.
* see related ideas for more details.
COINBASE:DOGEUSD #TechnicalAnalysis
- #ElliottWave A-B-C Sequence
- #Impulse / #MotiveWave in Primary ⓒ (white)
- #Fibonacci Retracements & Extensions Confluence
My #HODL #Long Levels For BINANCE:DOGEUSDT
I will only go #HODL for this #Crypto #Token.
Trading #Futures ( BINANCE:DOGEUSDT.P ) is not something I want to pursue with $DOGE.
Moderate Entry @ 35 Cents
Conservative Entry @ 24 Cents
TP @ 68 Cents
GMX Update
I am now considering GMX is making a more complex pattern, with multiple ABCs. It could be the initial wave of a leading diagonal, but at this moment it's just guesswork.
In the shorter term, I'm waiting for a break of the descending wedge which could signal the end of black C.
Bullish RSI divergence is already present, but without a higher high, it will just sit on my watchlist for now.
Boeing (BA): Is Boeing Finally Breaking the Bearish Trend?Boeing has faced significant challenges since March 2020, and when zoomed out, the stock has been trading in a well-defined range between $265 (range high) and $120 (range low), with the mid-range at $192. These levels have been respected repeatedly. From an Elliott Wave perspective, starting the count from the COVID low, we’ve observed consistently deep wave 2 corrections. Following the recent low of $138 in November 2023, we believe Boeing has broken the bearish trend that began in December 2022, signaling a trend reversal.
Currently, we anticipate the completion of the very minor wave (i) soon, followed by wave (ii) correction between the 61.8% and 88.2% Fibonacci retracement levels. To safeguard against Boeing’s historically deep corrections, we are placing the stop-loss slightly below 100% of wave 2.
Looking ahead, the wave structure suggests that Boeing could eventually break out of this long-standing range. For now, the focus is on reclaiming and holding the mid-range level at $192. Our target in this setup is to reach $265 (range high), but it is crucial to first see the mid-range flipped into support.
Key Levels:
Support: $147
Resistance: $192
NIFTY50.....Down means down! Hello Traders,
my long term forecasted target area comes into focus! Round about 1000 points lower and we will hit the target.
If so to come, at this point we can check out for a reversal at the chart! But; step after step!
I'am following the idea of a w-x-y wave to be established, and if so, we trading downwards within a wave 3 of 5 of x!
Waves 4 more often than not, end within the range of a wave 4 of one lower\/higher degree! So, it would be a good target range.
A first target is at or around the 22272 area for a wave 3 of 5 of x! From this range, a countertrend can\/should occurr within a wave 4 to the upside!
Traders who favouring the upside can trade above 23426 for more bullish potential.
As I wrote before; I do not favor this idea, 'cause we are in a clear downtrend!
Have a great time.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
EGLD (MultiverseX) - AltSeason Cycle - Bull RunBINANCE:EGLDUSD (#MultiverseX) is ready to jump.
That's because the #AltSeason shall push #AltCoins to the limits.
Its Market Cap ( CRYPTOCAP:EGLD ) is very low now and about to grow significantly.
This will be the result of #Crypto #MarketCap ( CRYPTOCAP:TOTAL3 & CRYPTOCAP:OTHERS ) breaking through their #ATH.
With #BitcoinDominance ( CRYPTOCAP:BTC.D ) showing signs of #Correction, #eGold should prevail.
What Happened with BINANCE:EGLDUSDT ?
#EGLD managed to spike a bit in the end of '23, thus confirming the start of a larger #Bullish #Cycle.
#Correction is also complete (Q4 in '24), which leaves room for the Bull.
What's next for BINANCE:EGLDUSD ?
An Impressive Rise is expected for $EGLD.
The current levels are to be watched closely by #Traders going #Long.
#MultiverseX #TechnicalAnalysis
- #ElliottWave A-B-C Sequence: Confirmed
- Intermediate (A) & (B) (white): Complete
- #Bullish #Fractal: Commenced
- #Fibonacci Levels: Conditions Met
My BINANCE:EGLDUSDT #Long Levels
#HODL #Trade:
- Entry @ 31.00 USD (or below)
- TP @ 420.00 USD
#Futures #Trading:
- Entry @ 31.00 USD (or below)
- SL @ 10.00 USD
- TP @ 225.00 USD
AUD/USD - Weekly OutlookHey guys, im starting to get a Following pretty quickly and I appreciate all the kind words and support. The more I get from you guys the more Ill do in return.
In this chart im actually starting off in the Monthly TF which I dont tend to look at too often although I believe is necessary here. In the Monthly we can notice a Long Term Bearish Channel insinuating long of sellers momentum. This in all of our trades will be taken into account due to Higher TF will be preferring sells.
Weekly TF price action shows us the most recent move was a large volume of Bullish movement, this movement infact was counted as a Breakout in my opinion due to the Elliot's Wave Theory finishing on this continuation leg. Saying that we are currently filling a previous sell side Imbalance which tells me we will see some slow choppy price action to follow and possibly see price Consolidate. Small TF would suggest we have made a MSS which I will move into soon.
Daily TF price action is very similar to the weekly, we see in better details that we have not closed out of that Imbalance although we can notice we have closed Higher than the previous pullback high telling me we have seen a MSS. This daily Bullish push has been so far marked out with the Fib to find out Discount zone to look for possible buys but currently im not even close to interested due to being in a choppy higher TF imbalance.
4H. I would like to see price fall further towards out Mitigation Block and the breakout candle returning back into the Discount Zone before looking for any buying opportunities. When breakouts occur price action tend to return back to that Trend Line to claim Sell side Liquidity in this case of it being a Bullish Breakout.
Overall I would prefer a sell position although depending how price action looks I will look for buying opportunities once price action settles.
Good Luck to all the traders that decide to follow.
GOLD → Ahead of ATH. How can price react to resistance?FX:XAUUSD is updating its highs and is gradually approaching ATH. Before the last spurt consolidation or correction may be formed, but chances of reaching ATH are quite high.
Gold price continues its bull run amid uncertainty in Trump's trade policy and expectation of PMI data in the US. Market participants are seeking protection in gold due to global growth fears related to trade conflicts and rate policy. The hawkish stance of the Bank of Japan and dollar weakness also support the metal. However, a pullback is possible on Friday due to profit taking ahead of US GDP data and the Fed decision.
Technically, there is a strong resistance zone at 2790 - istric high ahead. A false break of the resistance may trigger a profit-taking and subsequent correction.
Resistance levels: 2790
Support levels: 2770, 2762, 2750
Before reaching the ATH, the price may form a retest of the support at 2762. But, the main focus is on the historical maximum. The chance of reaching the target is very high, but watch the price reaction to the resistance. False breakdown may provoke a deep correction.
Regards R. Linda!
How Far BNB Would Make In This BullRun??
As Per Harmonic crab Pattern, #BNB first target aligns at 975$, the 1.618 fib level, where crab's D leg is likely to end.
As for elliott wave macro count, we're currently running in 5th macro wave which ends near about 1100-1250$ region.
In going for micro wave count of macro wave 5, we've completed 4th corrective wave & now heading for 5th micro of 5th macro wave, that also aligns with macro wave 5.
Major Multi-Year Low in for EURUSD?EURUSD has moved high enough to consider a major low in place. Wave C of (2) is an ending diagonal which means a swift rally may be looming nearby.
Consider the Jan 13 low of 1.0177 as the end of wave (2)/(B) and a wave (3)/(C) rally has begun.
This rally has upside targets at:
1.11-1.12
1.18
1.29
A print below 1.0258 is unexpected. Therefore, if EURUSD drops below 1.0258, then we'll need to reassess as that is not expected.
Bottom line, this rally should be swift. Don't go crazy with leverage. Let the market do the work for you.
EOS The Ethereum Killer (Part 2) - HODL & FuturesCOINBASE:EOSUSD finally found a Bottom, similar to what CRYPTOCAP:XRP did.
I was able to go #Long on decent Levels, both on #Futures and for #HODL.
Took profit on the #Bullish Swing for the #Futures #Trades, and remained #HODL mode.
* all well documented in the related ideas.
Now I am loading #Longs on $EOSUSD.
Even though BINANCE:EOSUSDT can correct more, I am in!
For #HODL I am aiming long-term, but for #Futures #Buy #Orders, I will cash in sooner.
What Happened With COINBASE:EOSUSD ?
While MARKETSCOM:BITCOIN was shining high, this "worthless piece of token" did not do much.
However, it did something important: COINBASE:EOSUSD confirmed the #ElliottWave 1.
Where Next #EthereumKiller ?
BINANCE:EOSUSDT provided the proof of an up-coming #Impulse, also made the #Correction.
It's expected to #Rally and go #Bullish.
#EOSNetwork #TechnicalAnalysis
- #ElliottWave #Bull: Intermediate (A) (turquoise)
- #Correction: Intermediate (B) (turquoise)
- #Bullish & #Bearish #Fractal
- #Fibonacci Retracements
* Expectations: #MotiveWave / #Impulse in Intermediate (C) (turquoise).
My #Long Levels On BINANCE:EOSUSDT
- Entry @ 0.8 USD
- SL @ 0.3 USD
- TP @ 8 USD
This rise in COINBASE:EOSUSD could be the result of CRYPTOCAP:BTC.D (#BitcoinDominance) making the #Correction.
All this while CRYPTOCAP:TOTAL3 & CRYPTOCAP:OTHERS making their point.
Bitcoin is Ready to Pump againDonald Trump , the President of the United States , is set to deliver a speech today, January 23, 2025, at 4:00 PM GMT . The crypto community is eagerly watching to see if Trump will address cryptocurrencies, particularly Bitcoin, during his remarks. While any mention of crypto could have a significant impact on the market, a lack of commentary on the subject might leave crypto enthusiasts disappointed, especially those hoping for it to be a focal point in his agenda.
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As I expected in the previous post , Bitcoin ( BINANCE:BTCUSDT ) has declined to near the Support zone($100,600-$99,530) .
Bitcoin is moving near the Resistance zone($103,400-$102,320) and Resistance lines .
I expect Bitcoin to rise to at least $105,000 after breaking the Resistance lines and Resistance zone($103,400-$102,320) .
Cumulative Long liquidation Leverage: $100,807-$98,472
Note: If Bitcoin goes below 50_SMA(Daily), we can expect more falls.
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).
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