BTC EW Bearish Count 12hBTC EW Bearish Count 12h. Originally drawn on Nov 11 2023. Sorry it looks gloomy but i dont make the rules.
Elliotwaveanalysis
Bitcoin Continues to Rally, close to topping, with a caveatBitcoin has developed a very clear upward trajectory that we have tracked all the way from $15,000. We are now in the target box for completion. The one caveat I have with my analysis is it is possible I was too conservative. The MACD indicator should be on negative divergence for completion and it is now showing we're on the verge of breaking out...again.
Therefore, I will state, that in the micro patterns I am awaiting a wave iv and v to complete. In the process of this iv and v, if the daily MACD clearly breaks out above the wave 3 peak...that may bring an alternative count into the chart showing this high was in fact wave 3....AND NOT WAVE 5.
Best to all,
Chris
Cardano #ADA: Chart Analysis on the Daily Chart 📊📈Taking a glance at Cardano BINANCE:ADAUSDT within the daily timeframe, we observe that Wave 1 and Wave 2 (in red) have already been completed since the beginning of 2023, and it appears that teh red Wave 3 is now also finished. Yes, I acknowledge that Wave 2 has minimally fallen below Level C – thank you for pointing that out.
Our entry point at Wave 4 at $0.457 was triggered and has performed quite well so far. It remains to be seen whether there will be further downward movements in the coming days.
Examining the 1-hour chart and noting the low at $0.44, we might assume that once we surpass Wave 4 (the very subordinate Wave 4 in black) – that is, above $0.52 – our current scenario with a 5-wave structure will continue. 📊📈🚀
GAIL begins fresh move towards INR200GAIL is expected to move towards INR 200 in wave v of the ongoing wave III.
INR 167 will stand as a crucial point for the trend to hold.
BSE POWER INDEX to hit new highs on new emerging waveThe power index is all set to move towards the INR 7000 mark in the new wave v of (iii) of III.
The index has been in a strong uptrend since Feb 2023 and the trend only got stronger in OCT 2023.
The new wave is expected to touch 6968 levels soon.
6164 remains a crucial support for the index going forward.
GOLD, will NFP finally start wave C?Hello everyone,
Gold currently confusing traders as it switches between correctional movements and speculative pullbacks. From a technical point of view the 2067 level is now very important for the next move, which I expect to be a short one. Only a daily candle close above can invalidate the short scenario which would have the targets 1980 , 1920 and 1895 .
The yellow triangle is a possible reversal zone for a wave 2 bottom and bullish move towards new ATH with targets at 2300 and 3000 .
Looking at the big picture of Gold, it has been in a very long consolidation in the 1640 - 1980 range. So far every breakout attempt over the upper boundary has been sold within a few days. But with the break above 2000 related to the middle east conflict Gold was able to stabilize above 1980. Most likely the 1980 will be retested to built liquidity for a bullish move first.
I suggest to go short to anticipate in wave C of wave 2. The reversal zone for this move is the current resistance 2060 - 2067.
I will keep you updated if I see conformation or trading opportunities. If you have any questions feel free to contact me.
Cardano (ADAUSD): Fasten your seatbelts! 🚀📈Cardano emerges with a distinctive journey. Having sculpted Waves 1 and 2 within a Flat structure, the focus now shifts to the probable completion of Wave 3, reaching a potential range between 227% and 261%.
Anticipating the onset of Wave 4, we pinpoint a pivotal zone between 50% and 61.8%. A breach beneath this range would jeopardize the entire scenario, potentially falling into the territory of Wave 1. The support offered by Wave B within the Flat structure stands as a crucial level, poised to become a notable buy zone.
With these dynamics in play, we anticipate a surge to at least 90 cents!
ABNB: price structure The macro structure is bullish from Dec'22 low with important price zones at: 198-217, 227-260 and 282-322 as inter-mediate and ultimate resistance areas for suggested impulsive structure.
The gap-up set-up on earnings today is in the cards for price to move towards 198-217 area. But if price decides to consolidate more138-128 area should be an important support zone.
If price goes bellow 128 suggested price structure needs to be revised.
Thank you for your attention!
GOLD / USD; Analysis & Trading Plan (24-JAN-24)Hello Traders !! Here is my Gold Analysis & Trading Plan
Gold has 2 possibilities , only BUY Setup from now, then drop from after that #tradewithcare
Trade With Care,
Wave IC
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Please follow me and like if you agree or this idea helps you out in your trading plan
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
SPY Market Direction (Minor Pullback Bull Market)According To Elliot Wave Theory Wave iii typically is an extended wave. This means on a smaller scale (Since Waves exists within waves) starting at the ii we just completed 1 wave and will build the extension for another wave to run to the top of the iii.
Elliot Correction Wave - AUHere I have AUD/USD on the 1Hr Chart!
The current Low @ .64686 I believe is the start of a Elliot Correction Wave after seeing the 5th Wave of the Impulse wave previously!
Price finally gave us a Break of the Falling Trendline and has worked its way up to our CONFIRMATION @ .65402!
If price decides to take a trip down to our INVALIDATION @ .64803, this will diminish my Bullish bias on this move!
I am Bullish on this pair where I believe price will break our Confirmation to possibly find a Target Range between .65961 - .66235 which brings price back up to the Resistance level at Wave 4 from before!
Fundamentally this week:
AUD - Employment Change/Unemployment Rate (Wed)
USD - CPI (Tue), Retail Sales/Unemployment Claims/Empire State & Philly Manu. Index (Thu), PPI (Fri)
ARM: Pull-back before next leg-upI fundamentally bullish on this company and think it might be a potential true-market leader in next market up-trend (if we see one in coming years).
Structurally speaking, I may see full first impulsive structure completed with today's burst into the top border resistance zone for the final wave (c.v of 1).
If this structure will prove to be correct, classical support area for potential correction: 61-55 area.
If price follows through to the upside and closes above todays highs, then next resistance level is: 75-81 zone. Moving above 81 will be a sign to re-consider suggested price structure.
Thank you for your attention!
Prediction of USDX with Elliot's wave cycle 12.02.2024From the previous price and chart of pattern. About my understanding I think wave quite be like this and nowadays price pattern look like falling wedge.
So, maybe have a probability to rising first and cannot do higher high then sideway down
likes the path on the picture.
✅BTC's situation+next targets and expected movements.(4h)Hi.
COINEX:BTCUSDT
😊 Today, I want to analyze Bitcoin for you in a 4h time frame so that we can have a short-term view of Bitcoin regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts).
➡️ As you can see, Bitcoin has completed its 5 ascending waves and now it is time for it to Starting its downward corrective waves(ABC) .
✅ Due to the Descending structure of the chart...
- High potential areas are clear in the chart.
-Regular Bearish Divergence(-RD)
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
🧿Far View, check out!!
⚠️BTC Market Cycle | Repetitive and Predictable Market Cycle.Hi
COINEX:BTCUSDT
✅Today, I want to analyze Bitcoin for you in a daily time frame so that we can have a Mid-term view of Bitcoin regarding the technical analysis. (Please ✌️r espectfully ✌️share if you have a different opinion from me or other analysts).
➡️ Chart is speaking itself.
According to the theory of Elliott waves, Bitcoin seems to have completed five impulse waves is now starting to form new corrective waves.
-So far we are repeating ABC correction cycle Scenario?
-Same RSI & MACD Divergence🔻
-Same rejection off the Major Resistance🔻
-The price has now completed wave A and is now creating wave B . The price can go up to 49K to complete wave B.
- Resistance Zone(49K-$51k) & Support Zone(39k)
-Bitcoin has been moving in an Ascending Channel for more than a year, and as long as Bitcoin is moving in this channel, we can still hope for the rise of Bitcoin.
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✅ Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟!
⚠️ Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
