Get started

Elliotwaveforecaste

Bitcoin long setup based on Elliot WaveAs you can see the main trend lines are on the chart. The Trading View's Elliot Wave projection suggests going around the next resistance IF the current correction is over and if not, the stop loss will be triggered based on the support's break. Since we are near a good support of the main up trend, there is a good risk to reward Ratio for going long. Green trend line is the stop loss, any price action passing it is a red flag. Red trend line can be used as the take profit.
Long
by NoaTrader
4
Elliot wave update 03/08/2022After some slow overlappy price action; from previous analysis I had labeled the recent top at $24650 as a WXY correction completion and as Swing high which could push us much lower and start a new downtrend cycle. From the high we have developed a 5 wave leading diagonal structure where a ending diagonal wave 5 falling wedge pattern has formed notably tagging the 0.618 extension of waves 1-3 giving some validity to the move. This provides a good shorting oppurtunity upon confirmation of a corrective structure upwards into previous resistance; using a fib extension of wave A some potential levels for reversal can be found in conjunction with resistance areas which could provide good levels to short from. Please like and follow for more Elliot Wave forecast !! :)
by NICKVASS10