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Elliott Wave

Bitcoin & Macro Analysis fo 2025From previous analysis, BTC on target and Hit Fibonacci Extension 1.272 at $108.000 And rejected from this area For now, BTC need pullback before continuing rally You can see pullback area at : - Fibonacci Retracement 0.236 - Fibonacci Retracement 0.386 - Fibonacci Retracement 0.5 Be cautious with your decisions, especially for 2025 , as the Dec 2024 Summary of Economic Projections release has impacted the market. Macro economic conditions are solid, but the Fed's decision left the market disappointed. After release Summary of Economic Projections Dec 18 FOMC, market was disappointed since The Fed's forecast cut rates only 2x or maybe just 1x (3.9) instead of 4x as SEP projected in September (3.4).
INDEX:BTCUSD
by kelvin_gautama9
Thyssen Krupp possible wave 4 in processIf the next low is higher than wave 1 or A, it means we have a probable wave 4 in process. Let's see if there is a reaccumulation. Even if this hypothesis fails, the stock is still cheap. The company is not making money, but why should we care about it? LOL. I like the stock. Germany is in the edge of a possible recession, so the economic cycle is not helping here. So, not many positive things, but that's why it's cheap now. If there wasn't any recession fears and the company would be making a lot of money, we wouldn't see these prices.
XETR:TKA
by NicolasRZ
Rising from the Ashes: EURO's Path to RecoveryGood day traders, Trust we all profited from the FOMC report of yesterday. Please take a moment to go through my outlook and expectation on Euro in the coming weeks into the new year. Overview EUR/USD appears to be rebounding after a sharp decline triggered by yesterday's FOMC report, where the FED delivered a hawkish 25bps cut, which drove higher market-driven borrowing costs, a stronger dollar and a sharp drop in stocks. From the start of the week EURUSD had previously been consolidating, during which weak buyers (traders) were caught off guard by a false breakout to the upside, reaching a weekly high of 1.05342 on Tuesday. Idea The subsequent sell-off drove the pair to a four-week low of 1.03439, just above the November 22nd low of 1.03324. This drop aligns with a key Fibonacci reversal pattern under Elliott Wave theory, suggesting the potential for a significant rally. If this pattern holds, EUR/USD could gain approximately 400 pips (1.08150) in the coming weeks, with the recovery likely extending into the new year. Conclusion The recent low is expected to act as a firm support level, and a breach of the November low appears unlikely. This anticipated rally could mark the beginning of a period of recovery and optimism for the euro. Cheers! Merry Christmas and Happy New Year in advance.
Long
by Samuel124
Elliott Wave: A Running Flat?This consolidation is a bit confusing from an Elliott Wave perspective. My current working hyposthesis is we are in a giant (somewhat enlongated) running flat, with waves A and C being zig zags, and B being an expanding triangle. This being wave 4/5/5 for the cycle. Overall, on higher time frame though, a running flat seems to appear. Correction is not complete yet however so currently unsure. My previous analysis (one posted before this one) and the guideline of alternation both suggest that we won't have a big drop toward 70-80K or whatever. However this of course is always possible. Markets will do what they will do!--If this does occur, however, it will likely be a 'fake-out' or 'bear trap' to the downside and will be resolved quite quickly.
by Ian_Carsen
The Crypto Space - Clarity Through COINNASDAQ:COIN has had a phenomenal run since the beginning of 2023, currently up about 1,100% within 2 years! In this Elliott Wave Analysis, I present my view of where I think Coinbase will stall and fall. So far the sequence is filling up nicely and has presented, those with a keen eye, several opportunities to join the 11x party :) As per this 2 day chart, I believe we are quite close to completing w3 of w(5) . In terms of EW, the chart is very clean and has been bouncing off Fibonacci support and resistance, for each wave degree, with relative precision. I would like to see price tag $353 - $375 then drop to $300 - $271 , before proceeding to a new high between $416 - $457 to complete a full five wave sequence from the 2023 lows. The sell off, thereafter, should be significant and if the space survives will present another opportunity for similar or greater returns during the next cycle. This should also coincide with a cyclical top across the cryptoverse. What are your thoughts?
NASDAQ:COINLong
by investornomics
3
GOLD → Consolidation after the fall. Trading inside the rangeFX:XAUUSD is forming consolidation in a new bearish plane after a strong fall on Wednesday. The emphasis is on 2622 - 2581. The fundamental background is negative and technically the price is testing the lows. On Wednesday, the Fed adopted a more conservative approach to monetary policy, laying down only 2 rate cuts in 2025, which generally had a negative impact on the whole market except for the dollar, which is breaking through local highs. Today traders await the release of the PCE, which is the Fed's preferred measure of inflation. Any surprise in the PCE data or an escalation of political uncertainty could push metal prices up. From a technical point of view, the gold market remains in the previously mentioned consolidation, and prices fluctuate in wide ranges, which is generally logical for the end of the calendar year: reduced liquidity and increased volatility... Resistance levels: 2616, 2622 Support levels: 2589, 2581, 2560 Since the price is inside the consolidation, it is worth considering trading from the boundaries of this range. In the long term, I expect a retest of the key resistance 2616-2622 in the form of a false breakdown and a fall towards local lows Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
GBPUSD → One step away from breaking support and falling awayFX:GBPUSD is facing difficulties. Negative fundamental background, strong dollar and price entry into the selling zone gives a bunch of preconditions hinting at the continuation of the fall Yesterday the UK GDP came out, which remained at the same level, there is no driver for GBP at the moment, but there is for USD, which is growing after interest rate cuts, but the growth is not because of this, but because of hints of stopping the cycle of further rate cuts and the change of officials' mood to hawkish, which in general, against the background of Trump's policy indicates medium-term potential. Technically, the currency pair is testing the risk zone, a false breakout will form a rebound reaction and I think it will be a short-term reaction. Resistance levels: 1.257, 1.2597, 1.2665 Support levels: 1.2488, 1.245 After the false breakdown, the currency pair may test the local resistance. But retest of the support within 1-3 days will play an important role. Formation of a pre-breakout base at 1.2488 will strengthen the potential for further decline With Respect R. Linda!
Short
by RLinda
2
Bitcoin continue going downHello crypto traders! Yesterday I made an analysis, that made some profits for us! 1H and 4H trend is down. So, lets try to catch another successful trade setup here. Currently, Bitcoin is trading at around $97,000 mark, reflecting a slight pullback from recent highs. The price has recently broken the major ascending trendline, which had provided support for a prolonged period. Now we expect price to pull back to this trend line (~99,400$ level, I have short limit order here), and continue downward momentum. I suggest taking profits at 94,700$ mark, this level aligns with strong resistance and 1.618 Fib level. Don't forget to place stop loss :) Control your risk while doing trading!
COINBASE:BTCUSDShort
by RokasLiu
SAMAIDEN poised for next uptrend wavecorrrection at 0.382 risk reward ratio is good Here are the key elements I observe: 1. Price Movement: - The chart shows candlestick patterns with both red and green candles - Current price appears to be around 1.03 MYR (Malaysian Ringgit) - There are multiple price levels marked with Fibonacci retracement levels (shown as horizontal lines) 2. Technical Indicators: - Moving averages shown as curved lines in different colors - Volume bars at the bottom of the chart (green and red bars) - Various numbered points (1-5) marking significant price levels or movements - Wave patterns labeled with roman numerals (iii, iv, v) 3. Trading Information: - Buy level marked at 1.16 - Sell level marked at 1.15 - Target price shown as 0.09 (7.76%) - Stop loss level appears to be set at 0.04 (3.45%) - Risk/Reward ratio indicated as 2.25 4. Time Frame: - The chart appears to be showing recent price action with data points marked for September 2024 - Volume analysis indicates varying levels of trading activity throughout the period 5. Market Status: - The stock appears to be in a corrective phase after reaching a peak marked by point 5 - Multiple support and resistance levels are clearly marked on the chart The overall chart seems to be a detailed technical analysis setup used for trading decisions with multiple indicators and price levels to guide entry and exit points.
MYX:SAMAIDENLong
by pengamalgelombang
Upside price movement Can start in Hdfc Life insurance According to Elliott wave analysis, Price is all set to start its wave 3 till 1000rs first target. Fundamentals are supporting its technicals so its perfect time to buy in price range 620 to 650 Date 20 dec 2024 1=Balance sheet- good, 3 on 3 2= a= sales, profit- increasing, highest this year b= employee & staff expense- increasing c= interest- 0 d= profit before and after tax- highest 3= Investor - fii/dii are there, public has only 6% 4=Credit Rating = AAA 5= General details a= Market cap=1,33,600cr b= pe=79 ,median pe= 91, industry pe=53.4 c= ROCE=6.6 , ROE=11.4 , Debt = no Amazing Fundamentals.
NSE:HDFCLIFE
by mohitdevelopments
Market Shifts To Risk-Off: Correction For Bitcoin To 85-90k.We are seeing significant flows since the Fed delivered a hawkish cut yesterday, with stocks turning sharply to the downside while the US dollar continues its recovery above 108. Another reason for this end-of-year shift could also be profit-taking, given the substantial gains in risk assets throughout the year, so traders see this as reason to exit, since FED expect less cuts next year. This shift into the US dollar and out of the stock market is also impacting cryptocurrencies. Bitcoin has turned perfectly downward from 108, which we tracked as an important resistance level in wave five of an extended wave three. Now that price turned down and broken the channel support line, it looks like an A-B-C correction is underway, likely targeting even lower levels. The key support zone for the current corrective fourth wave should be around the 84000–90000 area. This zone could provide the foundation for a potential new bullish resumption, aligning with the 38.2% Fibonacci retracement level. Broke through that zone will put bulls in some real trouble. Grega
BITSTAMP:BTCUSD
by ew-forecast
Or do we have to wait for longer?Here we assume that XRP won't go after the ATH just yet. We will have to see if #Bitcoin chills out for a moment and starts either distributing or slightly correcting to $98-100K regions. We can then assume the corrective wave (primary W4) will be deeper or a more complex variant (here presumed an expanded flat). The flat correction would allow for consolidation and a potential RSI reset, possibly forming a bullish divergence to signal a reversal which is typical between waves 3 and 5. A clear break of the lower trendline and failure to hold $1.97 would validate this scenario. The invalidation for this scenario will be taking out the recently set high at $2.9. Given the corrective nature of expanded flats, completion of this structure could extend into early 2025, aligning with broader market uncertainties and potential shifts in macro sentiment.
BITSTAMP:XRPUSDShort
by amourification
2
Can we set a new ATH before 2025?This scenario presents a classic Ending Diagonal structure for Primary Wave (5), where XRP has likely completed Wave (4) near $1.90 and is now advancing upward to set new ATH. After entering price discovery and everybody FOMOs in, a significant portion of HODLers will start taking profits which will slow down the momentum and eventually leads to the formation of a bearish divergence marking the end of the impulse. The first major resistance is the current high at $2.9 then the 2017's ATH at $3.31, from which we can expect a smaller degree correction. For this scenario to unfold, we will need a steady momentum. Then we can expect it to set a new ATH before the end of year. Personally, my targets for this would be somewhere between $4 and $7 by late Jan to early Feb 2025, given the current pace and Trump's inauguration (and maybe SEC settlement?).
BITSTAMP:XRPUSDLong
by amourification
2