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Elliott Wave

Bitcoin Faces Resistance for the 7th Time—Breakout or Rejection?Bitcoin ( BINANCE:BTCUSDT ) is attacking the Resistance zone($107,300-$105,400) for the seventh time ; even in one of these attacks , it created a Bull Trap . During the last two to three days , Bitcoin has formed an Ascending Channel(Black) and another Ascending Channel(Purple) in the 15-minute time frame . According to the theory of Elliott waves , Bitcoin seems to be completing microwave 5 of the main wave 5 , and we can expect corrective waves at least up to the upper line of the descending channel(broken) . I don't expect Bitcoin to succeed in breaking the Resistance zone($107,300-$105,400) in the seventh attack , although there is positive news around the crypto market , but I think we need a stronger stimulus to break this resistance zone (real news) . Cumulative Short Liquidation Leverage: $108,218-$106,476 Cumulative Long Liquidation Leverage: $104,460-$103,911 Note: The negative point is that the upper line of the descending channel was not broken with a large volume, so we hope for the break of the Resistance zone($107,300-$105,400). Note: If the lower line of the ascending channel(Black) is broken, we can expect further decline and filling of the CME Gap($101,525-$100,375). Note: If Bitcoin goes over $108223, we can expect more pumps and maybe a new ATH. Can Bitcoin break the Resistance zone($107,300-$105,400) and create a new All-Time High(ATH)!? Please share your ideas in the comments. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 15-minute 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
12
US Economic Data Impact: Will EURUSD Test Support zone Again?Today, key U.S. economic data was released , including GDP , Unemployment Claims , and the GDP Price Index . These data points had a direct impact on the U.S. dollar, resulting in volatility in the EURUSD pair . The weaker-than-expected GDP and lower inflation caused a temporary weakening of the USD, but the strong labor market data still supports the dollar, potentially limiting further downside for EURUSD. This was an analysis of the US economic data that was released today. ------------------------------------ EURUSD ( FX:EURUSD ) entered the Resistance zone($1.054-$1.044) again, and it seems that this move is a Pullback to the ascending channel (broken) . According to Elliott's wave theory , pullback appears to be a Zigzag corrective wave(ABC/5-3-5) . I expect EURUSD to attack the Support zone($1.039-$1.033) again, 100_SMA(4-hour) , and decline to at least the width of the broken ascending channel . Was the bullish candle the previous hour in the role of a pullback or the start of another upward trend for EURUSD? Note: If EURUSD goes over $1.049, we can expect more pumps. 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
11
GOLD → The new ATH is not the limit. What are the new targets?FX:XAUUSD updates ATH to 2800 and at the same time bulls are consolidating above the previously broken high, trying to form a base for continued gains Gold updates all time high to $2800, amid a weaker US dollar and the threat of high tariffs from Trump, who again warned of possible 100% duties against BRICS countries, as well as a 25% tax on imports from Canada and Mexico, which boosted demand for protective assets. Investors are waiting for the US PCE Core Price Index data to gauge the Fed's next steps. Technically, now the focus is on 2 levels: 2798.5, which is a trigger for the continuation of growth and support at 2785, behind which there is a huge pool of liquidity. Gold needs to overcome 2798.5 to continue rising, but before that a retest of the support may be formed due to the liquidity under the level. Resistance levels: 2798.5, 2800, 2810-15 Support levels: 2790, 2785, 0.5 fibo In general, gold has a bullish price movement. There are no hints of a trend breakdown, so the chance for the continuation of the growth is quite high and it can happen either when the trigger is broken or after a small consolidation or correction before the news. Emphasis on the previously mentioned levels and news. Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
USDCHF → The bullish trend may get its continuationOANDA:USDCHF is entering the realization phase after a prolonged correction. A favorable background is created by the uptrend and rising dollar The technical outlook on the daily timeframe is very good. The price after breaking the trend resistance tested the previously broken line. The currency pair after the false breakout managed to consolidate above the key point, marking an interim bottom and further prospects. Technically, the focus is on the resistance at 0.911, if the bulls can overcome this area and consolidate above this level, the currency pair will be able to realize a rise to 0.918 - 0.93. Resistance levels: 0.911 Support levels: 0.90555 Before breaking the resistance, the currency pair could test 0.90555 due to the liquidity generated below this area. But, the trigger that can provoke further growth is 0.911 Regards MARKET ANALYZER
Long
by MarketAnalyzar
Gold Is Eyeing 2800 AreaGold remains in a strong intraday five-wave bullish impulse and the recent intraday three-wave a-b-c decline indicates for wave 4 correction that stopped perfectly at the former wave "iv" swing low and 38,2% Fibonacci retracement, which is a textbook pattern by Elliott wave theory. With the current bounce, be aware of a bullish resumption within wave 5 that can send the price towards 2800 area, especially if breaks above intraday channel resistance line.
OANDA:XAUUSDLong
by ew-forecast
ALTcoins Have Still Space For More GainsHello Crypto traders! Crypto market remains nicely bullish as expected and if we take a look at OTHERS Crypto market cap chart, which excludes top 10 cryptocurrencies, it's looking for a bullish break into a 5th wave out of wave (4) bullish triangle pattern that can send the price into all-time highs and 500B area. Bullish confirmation is above upper triangle line and 400B area. So, with current risk-on sentiment and while stocks have space for more upside, still watch out for more gains in the Crypto market once current consolidation fully unfolds, especially if we consider USDollar weakness.
CRYPTOCAP:OTHERSLong
by ew-forecast
EURUSD Is Trading At Strong Support While Finishing A CorrectionEURUSD came lower as expected, broke into the fifth wave we talked about last few weeks, and it finally moved into important support levels at 1.02 area. Notice that we are actually tracking the final leg within this downtrend from 2024 high, so ideally its wave C of a higher degree A-B-C correction, meaning that pair can stabilize still some time this month, ideally after the completion of an ending diagonal around important and golden 61,8% Fibonacci retracement. Even RSI is showing a divergence. A bounce in impulse back above 1.0435 will suggest that low is forming.
Long
by ew-forecast
1
SL Elliottwave AnalysisChart technically, I believe we had a nice impulsive run in 2021, completely the wave 3. Followed by a wave-4 flat correction. Now im anticipating, wave-4 has bottomed in Dec 24 and the price is now starting to rise towards new ATH‘s. Sanlorenzo (Yacht Business) is a rather unknown company. But a true gem IMO. They had good growth over the past years and are showing great financials, with solid net-margins. Insiders where buying this stock aggressively (pricerange marked in green).
MIL:SLLong
by PF_Analysis
SOL - 4H Elliott Wave AnalysisGreetings, this is our update for the 4H Elliott Wave Count of Solana. We dipped into our white Wave 2 support area as expected in our last Analysis. We are looking for an impulsive bounce soon. The white Wave 2 support area sits between the 0.5 FIB at 232.35 USD and the 0.886 FIB at 183.35 USD. It is unclear if the correction is over yet as we can only count 3 waves down displayed in green. We assume we are currently working on the 5th green Wave down which would finish the correction in pink Wave C. We added some targets for the green Wave 5. These targets sit at the 1 to 1 FIB at 220.15 USD, the 1.618 FIB at 205.41 USD, the 0.618 FIB at 213.54 USD and the 0.786 FIB at 205.26 USD. After this correction finishes in either white Wave 2 or red Wave B we expect and impulsive move to the upside in either white Wave 3 or red Wave C. Noteworthy is that the optimal target for pink Wave C sits at the 1 to 1 FIB at 203.79 USD which is in confluence with the the 1.618 FIB at 205.41 USD and the 0.786 FIB at 205.26 USD of the green Wave 5 that we expect. Be aware that we have high impact news later today. Federal Funds Rate followed by the FOMC statement which can lead to volatility. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
1