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Elliott Wave

Bitcoin Analysis—Bulls vs Bears—Who Will Win This Battle!?As I expected in the previous post , Bitcoin ( BINANCE:BTCUSDT ) attacked the Support zone($96,520-$95,720) and 100_SMA(Daily) but started to rise again. The increase in the last few hours has NOT been accompanied by high volume so far. Bitcoin is moving in the Resistance zone($100,520-$97,200) and near the Potential Reversal Zone(PRZ) , the upper lines of the Falling Wege Pattern , the Monthly Pivot Point , and 50_SMA(Daily) . According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Expanding Flat(ABC/3-3-5) near the upper lines of the Falling Wege Pattern . If Bitcoin goes above $99,200 , this wave count will expire . Educational tip : If you cut the falling wedge pattern exactly in half, you will notice that most of the candles are in the lower half, and whenever Bitcoin hits the upper lines, it starts to fall immediately, which means that the power of sellers is more than buyers. Although the wedge pattern is a bullish pattern, we cannot expect an increase until the upper line is validly broken. I expect Bitcoin to re-attack the 100_SMA(Daily) and Support zone($96,520-$95,720) in the coming hours, and if it breaks , it will also attack the lower line of the falling wedge pattern . Note: If Bitcoin breaks the upper lines of the falling wedge pattern in huge volumes, we should most likely wait for the break of the Resistance zone($100,520-$97,200). However, the main resistance of Bitcoin is the $107,000 range. Note: If Bitcoin manages to break the lower line of the falling wedge pattern and 100_SMA(Daily), we should wait for Bitcoin to attack the Heavy Support zone($93,300-$90,500) and Support lines. Which scenario do you think will happen to Bitcoin? 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). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
17
USDJPY → False break of support gives bulls a chanceFX:USDJPY bumps into support and forms a false breakdown of the lower boundary of the local trend. The dollar is strengthening at this time, which may give a chance for growth of the currency pair. The price stops in the zone of strong support, the fundamental background has been unstable lately and depends more on the USA. Everyone has long forgotten about the growth of interest rates in Japan and follows the economic data from the West. Technically, there are two triggers on the chart, one to buy and one to sell, but since the global and local trend is upward, the preference is to buy. If the currency pair is able to consolidate above 151.9 - 151.95, then in the short and medium term we should expect growth to the targets indicated on the chart. Resistance levels: 151.94, 153.7, 153.97 Support levels: 150.95, 149.52 But, if the dollar continues the correction and the bulls fail to realize the false support breakdown, the price return to 150.95 may provoke the support breakout and fall to 148.64. Regards R. Linda!
Long
by RLinda
24
TSLA in Free Fall: How Low Will It Go ?Tesla is in free fall – and so far, there’s no sign of a turnaround. The 38.2% retracement zone has been hit, but let’s be honest: there’s no real bounce yet. Here’s why I expect the stock to drop further towards $360 – and how I’m positioning my entries. Since mid-December, NASDAQ:TSLA has been in a clear downtrend on lower time frames, with no serious buying momentum yet. My first entry is already set as a limit order just below current support. If sellers keep the pressure on, a second entry below the untouched VWAP could make sense – with a tight stop in case TSLA takes another dive. I’m staying on top of this and ready to adjust, but one thing’s for sure: The moment TSLA shows it’s done bleeding, it's going to send higher!
NASDAQ:TSLALong
by stromm
1
Tesla UpdateDamn it feels good to be right, lol. No in all seriousness, we knew this move lower was coming. I've been preaching about it for what, 2-3 weeks now. This pattern has appeared corrective for some time now, we just finally got the follow through over the last couple days. If this pattern is to proceed in a standard fashion, then we should get the microwave 4 & 5 next, followed by the sub-minuette wave iv & v. I imagine this will take a week or two to play out but as you well know by now, there is nothing that governs time. For now, I am watching the $300 area (+/- $10) for a possible bottom. This thing could easily extend lower though to the 1.382 or 1.618 @ $280.15 & $252.91 respectively. Once we get towards the bottom of this pattern, I plan on taking a swing long to trade the (B) wave higher. I am expecting a roughly $100 swing at that point. I just sit here wondering what WILL cause that kind of a swing, not if. Don't get me wrong, that will be a b wave and they're historically complex. They don't always hit standard targets, but even if it only hits the area of the 0.382, that is still a $60-$70 swing. Now, these numbers I am mentioning right now are VERY rough estimates as we still don't even have a bottom formed. They're based on standard targets and are subject to change. Once we get some more price action to play out, I will have more refined targets. For now, I am just waiting for the bottom to form so I can finally take another position in Tesla. As you know though, I am picky and very patient. If it doesn't pan out as expected, then so be it. I will have no qualms about missing out on a trade.
NASDAQ:TSLA
by TSuth
4
ETH - Elliott WaveBased of previous posts on Pepe Elliot Wave - These my levels for ETH / USDT Elliot Wave Knowledge base: ChartChampions - None other than Daniel and his Team to learn from! Book wise atm: JARROD SANDERS - Elliott Wave FIBONACCI HIGH PROBABILITY TRADING Oh and definitely think that this was an extended Wave 3! I got suckered thinking I knew the levels without waiting and being patient before taking a trade! Patience and risk management for me is half the story! I know my levels but I'm a losing trader because I don't have patience. <3 Confluence Wave 0 to 1 same length as Wave 4 to 5
by hmaroudas
v e l o d r o m egood evening. haven’t posted publicly about velodrome in a while. privately? plenty. last private post: --- tonight marks day one of alt season. most were waiting for this moment, hoping for it, convinced they were ready,,, until they weren’t. until the rug was pulled right before it began. they watched it slip through their fingers. and that feeling will haunt them. every green candle, every new high, every alt that explodes without them. they will tell themselves they’ll buy back in, that they’ll catch the next dip, that they’ll get another chance. but they won’t. because by the time they realize what’s happening, we’ll already be too high, too far gone, too deep in the run. --- confession: we pulled the rug. for a reason. for the future of velodrome. now that we hold all of the supply, there are no interruptions. nobody left to sell. nobody standing in our way. the top forms, when we decide it forms. until then, enjoy the ride. #superchain 🌙
Long
by notoriousbids
1
EURJPY Wave Analysis – 11 February 2025 - EURJPY reversed from the support area - Likely to rise to the resistance level 159.65 EURJPY currency pair recently reversed up from the support area located between the key support level 156.000 (which has been steadily reversing the price from August of 2024 as can be seen below) and the lower weekly Bollinger Band. The upward reversal from the support area stopped the previous weekly downward impulse wave (3) from last year. Given the strength of the support level 156.000, EURJPY currency pair can be expected to rise to the next resistance level 159.65 (the former weekly low from January).
Long
by FxProGlobal
1
Looking for sideways to higher before new lowsThis is a continuation of my recent first TV post a couple weeks ago. It looks even better confirmed now that the 208 area was our short to intermediate term top in cattle. There is a possibility it was THE top, if we close below our 189 wave 1 area, especially on a weekly basis for conservative confirmation. Then it'd be 2015 all over again, the likely confirmed end of the larger cattle bull cycle. My preferred take is still for new all-time highs later this year though. We were extremely overbought, the funds at record long, and technical indicators all showing us we were due for a notable top and heavy correction. Here we have been getting the hard down the last couple weeks. I feel that today's 38.2% retracement back to the 8/21/24 low at 195.50 is a good area to look for some interim strength, or at least basing. This wave 4 down is likely to be complex and longer-driven, as wave 2 was a simple zigzag and short and to the point. It's quite possible we drag this thing out until sometime in April for a seasonally weaker time frame, before making a final 5th wave up. Seasonality and some other indication points to a possible major trend change in September of this year, so that's possibly when we finally drag out the top wave 5 in? It could be quite a bit sooner though too. I still like the idea of the 220 area in the longterm, and it's still possible with EW technicals, as although wave 5 would be "longer than the norm" when wave 3 is extended (it looks to have been), wave 5 could still be 0.618 of wave 1+3 which would get you around that 220 area if we do indeed drop down to the 190 area for wave 4. It could also be shallower than that, but it's likely to be complex like a flat or triangle in here either way. My related post:
CME:LE1!
by farmerisland
Bearish Flag & Quasimodo Patterns—Is EURUSD Set to Drop?First, let's have a Fundamental Analysis of EURUSD ( FX:EURUSD ). The EURUSD rate is influenced by several key fundamental factors : 1. Divergent Economic Indicators : United States : Recent data indicates a robust labor market, with job growth maintaining momentum. This strength supports the U.S. dollar, as investors anticipate potential monetary policy tightening by the Federal Reserve to manage inflationary pressures. Eurozone : Conversely, the Eurozone faces economic challenges, including unexpected inflation acceleration and declining industrial production, particularly in Germany. These factors may constrain the European Central Bank's (ECB) ability to adjust interest rates, potentially weakening the euro. 2. Central Bank Policies : Federal Reserve (Fed) : The Fed's recent communications suggest a cautious approach to interest rate adjustments, balancing economic growth with inflation control. The prospect of maintaining or increasing rates could further bolster the U.S. dollar. European Central Bank (ECB) : The ECB is grappling with rising inflation amidst a struggling economy. This scenario complicates policy decisions, as increasing rates to combat inflation might hinder economic recovery, thereby exerting downward pressure on the euro. 3. Geopolitical Developments : The U.S. administration's recent tariff threats have introduced uncertainties in global trade. Such actions typically lead investors to seek safe-haven assets, benefiting the U.S. dollar due to its perceived stability. In summary, the EURUSD is currently experiencing downward pressure , driven by stronger U.S. economic performance, proactive Federal Reserve policies, and geopolitical factors favoring the U.S. dollar. Conversely, the Eurozone's economic difficulties and the ECB's constrained policy options contribute to a weaker euro. These dynamics suggest a potential continuation of the EURUSD's bearish trend in the near term . -------------------------------------- Now, let's analyze the EURUSD chart in terms of Technical Analysis . EURUSD is moving near the Resistance zone($1.039-$1.033) , Potential Reversal Zone(PRZ) , 100_SMA(4-hour) , Monthly Pivot Point , and Resistance lines . Each of these items is considered a good resistance for EURUSD . In terms of Price Action , if we look at the EURUSD chart in the 1-hour time frame , we can see the Bearish Quasimodo Pattern , which is one of the reasons for EURUSD's fall . Educational Note : The Bearish Quasimodo Pattern is a price action reversal pattern that signals a potential downtrend. It forms when the price creates a higher high (HH) followed by a lower low (LL) and a lower high (LH), breaking the market structure. From the point of view of Classical Technical Analysis , it seems that EURUSD has managed to form a Bearish Flag Continuation Pattern . It is a good sign for the continuation of the downward trend of EURUSD . Educational Note : The Bearish Flag Pattern is a continuation pattern that signals the continuation of a downtrend. It consists of a sharp downward move (flagpole) followed by a consolidation phase in a small upward-sloping channel (flag). A breakdown from the flag confirms the pattern, indicating further price decline. According to the theory of Elliott waves , according to the volume of the previous movement, it seems that EURUSD is completing wave 4 , and it is possible that we are still in the main wave 3 even with a further fall. I expect EURUS D to fall to at least the Support zone($1.0285-$1.0255) after entering the PRZ or after breaking the lower line of the ascending channel of the bearish flag pattern, and if this zone is broken , we should expect to fall to the next Support zone($1.0222-$1.0175) and Monthly Support(1) . Note: If EURUSD touches $1.03700, we can expect more dumps. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S.Dollar Analyze (EURUSD), 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). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
9
Gold Prices Taking A Breather (Elliott Wave)Executive Summary Gold’s Elliott wave pattern appears incomplete to the upside. A decline to $2760-$2830 is considered ‘normal’ correction within an uptrend. Lack of Daily RSI divergence suggests new additional highs eventually. CURRENT ELLIOTT WAVE ANALYSIS Gold continues to punch new all time highs this new year. The current Elliott wave count suggests that the current wave 5 rally is incomplete with only wave ((i)) of 5 completed at today’s high. This implies gold may need to catch its breath from this climb and a mild decline in wave ((ii)) of 5 may be underway. This second wave can drop down to $2760-$2830 and be considered a ‘normal’ decline. Once the wave ((ii)) decline is complete, then a wave ((iii)) rally would begin pushing gold up to another all-time high. HOW DO WE KNOW THIS ISN'T THE TOP OF WAVE 5? Elliott wave analysis is a deductive study. All wave patterns are possible, then we eliminate those patterns that break one of Elliott’s rules. Of those patterns that remain, we analyze them based on best practices that meet the most guidelines and has a ‘right look’. It does appear that wave 4 was a triangle. The rally from January 13 has carved out five waves into today’s high. Therefore, it is possible today’s high is the end of wave 5. However, we don’t believe it is the higher probability model. Though prices have rallied into the orange trend line extending off previous pivot highs, the RSI indicator is hinting at higher levels to come (eventually). Typically, we’ll witness divergence between the price and RSI when comparing a wave 5 peak to its corresponding wave 3 peak. Today’s RSI value is not diverging from the wave 3 high. Therefore, we can label today’s high as a wave ((i)) of 5. The next wave, wave ((ii)) would need to hold above the January 13 low of $2,656.83. AN ALTERNATE GOLD WAVE COUNT TO CONSIDER The rally into today’s high rubbed along a trend line dating back to 2023. This may repel prices, even though the bullish pattern appears incomplete. We mentioned above how today’s high could be the end of wave 5 and the entire impulse dating back to 2022. However, there is another possibility we are closely monitoring that suggests a larger decline is about to unfold back to about $2,500 . Under this model, wave 4 is still incomplete. Today’s high would be wave ((b)) of 4. A decline to about $2,500 would become wave ((c)) of 4. This would bring wave 4 more in line with the price and time correction of its cousin, wave 2. You see, the first wave count I shared above included a wave 4 triangle that was shallow in price and time when compared to wave 2. Therefore, we are keeping an open mind about what pattern could extend wave 4’s time and depth and the red labels shown above would do that. BOTTOM LINE Gold appears to have an incomplete Elliott wave sequence to the upside. Multiple models suggest a decline to $2760-$2830. From there, the models diverge with one Elliott wave model suggesting a rally to new all-time highs, while another model suggests a continued decline back to $2,500. At $2,500, wave 4 would complete and wave 5 unfolds to new all-time highs. Either way, we are anticipating new all-time highs to develop, but starting from lower levels.
OANDA:XAUUSD
by JWagnerFXTrader
GOLD → Is $3000 still relevant? News aheadFX:XAUUSD has almost touched 2450 and without reaching the psychological target is smoothly flowing into correction with the purpose of respite and filling liquidity before the news and possible growth. Gold is testing 2450 after Trump's new tariffs, keeping demand high. Investors are waiting for Powell's speech and U.S. inflation data, which may influence rate cut expectations and further dynamics of gold. Gold remains volatile on one side and bullish on the other side due to trade risks and Fed policy. Technically, a correction is a logical scenario on the back of a strong market. The price cannot rise all the time, it needs energy, which is accumulated at the expense of sellers. At the moment the emphasis is on such zones as: 2910, 0.5 fibo and 0.7 fibo. Resistance levels: 2910, 2929 Support levels: 2898, 2882, 2870 Powell speaks tonight and tomorrow is the inflation data. High volatility is possible, but the general economic situation supports the metal. Before further growth the price may test 2898, 2882. The target in the form of 2950 - 3000 remains relevant. Regards R. Linda!
FX:XAUUSDLong
by RLinda
6
Coinbase Gap TradeI find Coinbase very interesting right now, especially since we’ve likely completed Wave 4 around the $240 level. Since then, price has been stuck in a sideways consolidation, following an unfilled breakout gap after Wave 4 ended. This gap is still open, and I believe there’s a strong chance we’ll at least partially close it. From a market cycle perspective, we’re currently in the accumulation phase, followed by the manipulation phase (red), and then the distribution phase (green). My plan is to target that distribution phase, aiming for the gap closure. I’m placing a limit order roughly in the middle of the gap, just above the Yearly Open, which I expect to act as support. The RSI is still low—not oversold yet—but there’s some room for more downside before the entry triggers. The limit order is set at around $259, with a target of at least $326, offering solid reward potential—exactly the kind of setup I’m looking for. 🔹 Asset: Coinbase 🔹 Timeframe: 1H 🔹 Entry: 259.36 🔹 Stop: 244.25 🔹 Target(s): TBA
NASDAQ:COINLong
by stromm
XRP Mid-Term Elliott Wave Breakdown: Buckle Up for the Next Leg🚀 XRP Mid-Term Elliott Wave Breakdown: Buckle Up for the Next Leg 🚀 By DeepSeek, if you can believe it... 🌊 Elliott Wave Sequence: The Big Picture Current Phase: Wave (3) of ((5)) – Bullish Impulse Loading… Let’s cut through the noise. XRP is painting a textbook Elliott Wave pattern, and if you’re not positioning for this setup, you’re missing out. Here’s the playbook: Wave I: Rocketed from 0.55 to 3.45 (2024 bull run) – Thanks, Trump Pump! 11. Wave II: Corrective ABC dip to $1.76 (Feb 2025) – Bloodbath? Nah. Discount season. Wave III (Incoming): Target 5.85 – 261.8% Fibonacci extension says "LFG". Wave IV: Shakeout consolidation – Weak hands exit, diamond hands reload. Wave V: Final pump to 15–27.5 – "Blow-off top" . Critical Level: A sustained close above 3.21 confirms Wave III ignition fails to hold 1.77. Bull thesis invalidated. 📊 Key Technicals: Where’s the Juice? Price Action: Trading at 2.50–2.94 (Feb 12). Bulls are defending 2.2 - 2.3 like their crypto portfolios depend on it (they do)... RSI: Neutral at 59 – No overheat, no chill. Moving Averages: Golden cross (50-day > 200-day EMA) – Bullish AF. Regression Models: 6.4 by March if we break 3.21. Math doesn’t lie. Pattern Alert: Ascending triangle forming on the daily chart. Breakout above 3 = 5 inbounds. 🎯 Mid-Term Roadmap (Q1–Q2 2025) February: Battle for 3.21. Win = rally to 3.47. Lose = retest $2.2. March: Fibonacci time zones align. Target $5.85 (Wave III peak). April–May: Consolidation → Wave IV dip. Buy the fear. June: Wave V launchpad. 8 –15 in sight. Pro Tip: Watch for a weekly hammer candlestick (third-ever formation). The last two = 2,000% surges. History repeats? 🔥 Catalysts: Why XRP Ain’t Done Yet? Regulatory Wins: SEC lawsuit closure + Trump’s crypto-friendly policies = institutional FOMO. RLUSD Stablecoin: Coinbase listing incoming. Liquidity tsunami. XRPL Growth: NFTs, RWAs, sidechains. Real utility > memecoins. ETF Hype: Grayscale XRP Trust + Bitwise filings. Boomer money inbound. Bear Trap: Monthly 1B XRP unlocks from Ripple’s escrow. Inflationary pressure, but whales are accumulating. 🚨 Risk Management: Don’t YOLO This Stop Loss: Below $1.77 if bearish reversal. Protect your capital, hero. Take Profit: Scale out at 5, 8, $15. Greed kills portfolios. Leverage Alert: 50M shorts stacked at 3.18. Squeeze potential? Tread carefully. 💬 Final Take XRP’s mid-term setup is a traders’ paradise. Elliott Wave + bullish fundamentals = asymmetric upside. But remember: Volatility is a double-edged sword. Stick to your plan, respect the levels, and let the waves carry you. TL;DR: Buy dips, sell rips, and keep one eye on 3.21. The ride to 15 starts now. Trade safe, apes. See you at the moon. 🌕 Sources: TradingView charts, Elliott Wave Forecast, Crypto Basic. Disclaimer: Not financial advice. Do your own research. I’m probably long on XRP.
Long
by Cryptozon
FB (META), What is going on?Stocks fall one after another ! We Saw a considerable decline in FB (Meta) Stoc k after earning report after hours of last trading session. What is happening for FB (Meta) in terms of Elliott waves? FB (META), has likely completed a primary degree ascending cycle started on 4th Sept 2012 at 17.55 USD . This cycle took 9 years to be completed therefore, we can imagine how boring will be the correction phase before completion ! If true , FB (META) has started a correction decline form ATH (384.33) down to Retracement levels with today's pre-market price around 0.382 level. Although 0.382 retracement is also possible for wave 2s , I give very low possibility to bounce back from this level according to timing and corrective patterns. Retracement down to 200 , 157 and even 96 USD corresponding to 0.5 , 0.618 Golden Ration and 0.786 Retracement levels is very possible, I tried to show the probability of each possible Retracement with thickness of arrows with the thickest to be the most probable ( As I suppose ) and vice versa. After completion of this primary degree wave 2 , there will be a huge up going wave which is primary degree wave 3 . This wave 3 will push the price up to at least 700 USD and even higher ( Very good news for long term investors ) depending on at which retracement level this boring correction phase ends. It is too soon to talk about this target we can update our targets in next years ! Please note this is a very long term prediction so, there will be lots of ups and downs and fluctuations in our path. What is happening on FB (META) is more than likely similar to whats happened for ETSY, SHOPIFY, SQ and many others in the market. As I showed on the chart, this is what I see as the most probable scenario which means there are more optimistic scenarios. Mots probable more optimistic scenario is that FB ( META) is just correcting the wave cycle labeled as wave (5). As far as the stock is trading above 170 USD, this scenario is valid. Hope this analysis to be helpful and wish you all the best.
NASDAQ:META
by SaeedSajedi
15