VOW short term bullishCould be in a leading diagonal and correcting in wave 4 now
Long term holders should wait till 125 is met before entering
EW
Bitcoin Doomsday Vs. 100k + Rampage. Here's HowHey Everyone! Thanks for dropping in to see how bitcoin can crash to sub 29k or break up to 100k + Targets. In this quick summary I'll give you my bias and a break down of the invalidations of these two paths. Let's dive in!
Count 1 is the 1,2,1,2 impulse wave to the upside. This count gets invalidated if we break under 44k.
The likelihood of this count coming to fruition increases when we break over 51k.
Count 2 is the pink ABC, which connect to the downside with the red arrow and would take us sub 29k low. This count increases in probability by getting rejected in our current box under 51k and then having price fall to 44k, and is looking extremely strong under 37.5k. This count gets invalidated when price extends above 51k and 100% invalidation is at 56.4k.
My current bias is the ABC that doesn't get above 51k. As such, I've taken profit on mid term/long term holdings in this critical zone. If we break up, I'll add them back in with a missed opportunity cost of about 10-12%.
Check out the signature below for free trainings on mastering the markets using the NewWave System.
*DROP A COMMENT ON WHICH COUNT YOU THINK WILL PLAY OUT*
Dow wave 4update on august 5th vision
A little early to confirm.
looking for wave 4 retracement towards the 38 Fibo zone.
target 33500 - 33120 - 32710
timing 1 month more or less for this wave before final excess into October
if wave 4 materialized with a reaction around 38/50 fibo and we reach 34800 / 35000: great zone for short until end of year
BTCUSDT a sign of a wave 4 or wave 2?As what i have said long time ago we are still heading down. And look what happen. People are "Programmed" to be bullish and has never seen a real bearish move.
This is my current idea. and we are facing to the verge of rolling over soon
indicator used:
Btcusdt expect Bitcoin did it and surpassed its last top but will it hold or not?
My Expect that if it stays above the red line and does not break it, it targets 26666.
But if he closes down a candle below 23300, that doesn't bode well.
Thanks for following me
BTC approaching end of wave 4 of 5 of the first cycle BTC is nearly at end of this correction, with fed hiking interest rates for the last time or two, btc starts accumulation phase till the next halving then the real bullrun to reach potential endpoints of wave 5 of 5 of the first cycle
GBPAUD ideal with Elliott WaveGBPAUD ideal with Elliott Wave
Long GBPAUD ideal with Elliott Wave
Wait for the end off pulback after go Down
HTF ABC Correction Ides for BitcoinThis is an idea I have had for quite some time but have yet to really post until the first target became close. From a HTF perspective, I had a wave count on the bitstamp chart that indicated $69k could have been a HTF wave 5. Indicating a long corrective ABC type pattern would come next. This is certainly not trading advice, but what I am looking at for the next several months.
This $20500-$21k area could be the end of an A leg of a hypothetical (5-3-5). So we could look to take a long from there to appx .5 to .618 of wave A for a B target. Somewhere around $41-$52k. Then possibly making a move down for the C leg. Ideally would be around $19k.
Lots of confluences given in the screenshot for the area. Wont list them all here.
Yes, that is a Hank Hill watermark.
Horizon's Uranium Index (URA) Pennant Flag"Pennants, which are similar to flags in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks. The volume at each period of the pennant is also important. The initial move must be met with large volume while the pennant should have weakening volume, followed by a large increase in volume during the breakout." Investopedia
Bitcoin ElliottWave Count - 5h Wave to finish off correctionA last 5h Wave to finish off the correction for $BTC!
BTC one last wave going downshort oppurtunity around 33,600 - 34,000 towards 23,000 in order to complete the expanded flat scenario which is being played out since may 2021
Is it about time for 40K Bitcoin again?A few hours to the weekly close and we are still range bound for Bitcoin.
The chart is printing very low buy interest and we dipped once again, however, if my EW counts are correct, we are due for a retest of the higher range bounds at 31K.
31K level was tested twice since we steeply dropped below the macro support at 27K a week ago, and this should be the third knock on that door.
Will it open?
Can the last week of May witness 40K Bitcoin?
Let's wait and see ;)
Road to 20K bitcoin (or 25K?)INDEX:BTCUSD
My first attempt at Elliott Wave Theory. Let's see if it works out.
Low should be 20K. But I am more confident with the 25K target.
Bitcoin could be at the end of the correction cycleThe current correction looks very similar to an Expanded Flat Correction originating from Elliot Waves theory. A marginal higher high (69k) followed by a leg down that breaks the previous low (30K). EW theory expects the last wave in the Expanded Flat Correction to be a motive wave (5 waves) structure. Completion is typically at the 100% and 123.6% extension of wave A projected from the end of wave B.
The 100% target lies at 33k which caused the initial bounce to 48k, but lacked follow-through and ended up with a bear flag-like structure.
The bear flag broke down and is now heading towards the 123.6% extension. Price bounced just before it. This could be a very bullish signal, but I think this is just the 4th wave bounce. This 4th wave has room to go up to around 33k. After that, I expect to see one last wave (5 of 5) that will barely make a new low and touch the 123.6% target at 25.0275. In very bullish cases, it could fail to make a new low.
Conclusion: according to this perspective buying between 25k to 30k looks like a great entry for the next wave up
Happy trading!
Sources:
1. Expanded Flat Correction (EW). elliottwave-forecast.com
EW - Is Medical Tech with 40% Upside is More Attractive Now? Given that all the tech companies are experiencing a lot of pressure at the moment is it worth investing into medical tech company with potential short term 40% upside?
Fundamental indicators:
Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years
Profit margin - high efficiency with 20% on average
P/E - quite high with 38x ratio but reduced from 54x in January 2022
Liabilities - no problems with debt
Technical Analysis (Elliott Waves):
EW has enjoyed explosive growth since 2013 and it is clearly visible that this growth cycle is finishing
The last considerable correction was formed by an Ascending Triangle in March 2021
Since then there was was a rapid impulse like movement which has peaked in December 2021. The main question if it was wave 5 or wave 3
Looking at the lower timeframe it is more likely that motive waves 1 and 3 have been formed by zigzags hence we can expect another zigzag of wave 5 after the current Flat correction is completed
What do you think about this scenario for EW ? Do you the alternative scenario where an impulse has already completed is more likely?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
The new lowsI choose to hedge and wait for the new lows to occur;
Once we start to loose market structure, it is likely this is the top.
Personally, I am more inclined to believe this is a running flat as opposed to the expanded one because the coin has been in a very strong downtrend. Every rise is a sell opportunity.
USDCAD LongHi traders, happy Friday. My last trade for the week is on USDCAD where I took an entry at 1.27400 area, with stops at 1.26750 and target at 1.29300. Got a potential risk of 65 pips and a potential reward of 190 pips upside. Happy weekend to you all.
TATASTEELHello and welcome to this analysis on Tata Steel
After a long correction which lasted more than 7 months, in FEB the stock gave a vertical recovery rally. The rally ended with a diagonal indicating signs of short term exhaustion.
Earlier this month we saw the diagonal breakdown and today we are witnessing more selling pressure in it.
It could continue this decline till 1250 as long as it fails to move above 1320.
Medium to long term stock remains bullish. Short term weakness might continue
MphasisHello and welcome to this analysis on Mphasis.
In the daily time frame its been in a sideways trend now for quite some time forming an Ichimoku P Wave.
We can see each swing zone has a 3 leg structure testing the 2 trendlines.
Currently it appears to be ending the 1st leg of the the last wave down (likely), a small bounce back from the current level and then the final leg of Wave E near to the lower trend line should complete this P wave triangle
Results are scheduled to be due end of the month. By then it is likely to complete what would be the end of a Price and Time correction in it.
Until then stock will continue to remain in a narrow range.
View would be wrong if the swing low at Wave C is broken. Alternatively if a turn from here breaks the upper trendline then will consider this low as end of Wave E.
Gold is still bullish, don't panicHey Trader,
please see my current idea on XAUUSD, where my count suggest the last leg up in order to finish our fifth wave.
This is no financial advice.
RT
Bitcoin Triangle correction for wave 4 of an 5 wave impulseThis is my Triangle Idea
Please be kind as i am a noob to wave analysis
Any comments, pointers, tips or corrections are very very welcome
This is only an IDEA!!
Triangle correction for wave 4 of an 5 wave impulse
ETHusdt My Crazy Idea - What did i say?Hi guys,
Its me again
here is my update for ETHusdt
this goes for btc as well they are just alike.
I have already shared my idea last week and it just happpend =)
I am new to elliott wave but i like it so much! =)
as i have told you last month dont get too bullish yet.
BTW the current move down can extend as much as it wants it wont stop until it reach those fibs 200% OR 261% OR 323% OR 423%
Goodluck!
NIFTY ITHello & welcome to this analysis on the IT Index.
With Q4 results starting from 2nd week of April, IT stocks will once again be in limelight.
If the index can sustain above 36700 it could lead to rally till 37750-38000 where it has a line of polarity besides a Bearish Harmonic Cypher.
This continuation of bullish outlook is valid till its above 36000. Failure to hold it would take it down to 35250-34500.
Key levels to watch out on both sides 36000-36800 for a trend direction move.
