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Neowaveanalysis

BITCOIN NEOWAVE ANALYSISBitcoin appears to be forming an ABC correction pattern, with wave B completing precisely at the 1.38 Fibonacci extension of wave A. Since waves A and B have taken roughly equal time to form, wave C is expected to be longer and more drawn-out. It seems likely that wave C could extend until around 2028, though an earlier completion by 2025 remains possible. Wave C targets two key levels, each with its own probability: The higher-probability target is the 0.618 Fibonacci retracement of wave B, around $33,000. Alternatively, wave C could match the length of wave A, pointing to around $28,000. Both scenarios indicate a significant correction before Bitcoin resumes its upward trend. It's important to note that the price could potentially break the ATH one more time before reversing downward. This scenario might resemble the pattern observed at the end of wave G, where a final upward surge preceded a significant decline.
INDEX:BTCUSD
by thekidtrader11
Nifty 50 Elliott Wave Analysis: Potential Retracement LevelsNifty 50 Elliott Wave Analysis: Potential Retracement Levels The wave count for Nifty 50 has been structured from the Covid-19 lows of 23rd March 2020. Since then, the index has undergone a well-defined Elliott Wave progression, forming distinct impulsive and corrective waves. Below is a breakdown of the wave structure and the potential retracement targets. Wave Count Breakdown: 1. Intermediate Wave (1): o Completed in October 2021 with a high of 18,604.45. 2. Corrective Wave (WXY) - Intermediate Wave (2): o A corrective retracement followed, unfolding in a WXY pattern. o The correction concluded on 13th June 2022, with a low of 15,183.40. o The retracement was less than 38%, indicating a strong bullish phase. 3. Intermediate Wave (3): o Nifty commenced its third wave, subdividing into a five-wave structure of a minor degree. o This bullish wave extended significantly and peaked on 23rd September 2024, with a high of 26,277.35. Retracement Expectations: • Wave (3) exhibited an extended Wave 3, and according to the Elliott Wave principle, when Wave 3 is extended within a subordinate wave structure, a retracement typically occurs towards: o The bottom of subordinate Wave 4 or o 38.2% Fibonacci retracement level • Key levels to watch for potential retracement: o 38.2% Fibonacci retracement: 22,039.45 o Wave 4 bottom (4th June lows): 21,281.45 If the retracement aligns with Elliott Wave rules, we may see a pullback toward these levels before the next bullish wave resumes. Pls follow for such insightful ideas. Disclaimer : This analysis is for educational and informational purposes only and should not be considered as financial or investment advice. Market movements are subject to various factors, and past patterns do not guarantee future performance. Please consult with a certified financial advisor before making any investment decisions. ________________________________________ With these insights, traders and investors can monitor Nifty 50's price action closely to determine whether the expected retracement unfolds as anticipated.
NSE:NIFTY
by imkhushal
INJUSDT NEOWAVE ANALYSISWave A is the fastest and strongest wave on the chart, indicating that the long-term trend is up, and any downward wave is counter-trend. The pattern is a flat correction, confirmed complete in April 2024 with the drop from $52 to $18. Currently, we appear to be in an X wave. The X wave can be labeled as small or large based on its retracement of the entire pattern. Since it is not yet complete, I cannot provide further details based on the monthly chart. However, the price is likely to fully retrace the $13 low, and it should head lower.
by thekidtrader11
2
Elliott Wave Analysis of BTC/USDTOverview This analysis focuses on the Elliott Wave count of BTC/USDT, starting from the significant low on November 21, 2022, at $15,484.34. The price movement since then has followed a structured wave pattern, with identifiable impulse waves and corrections. Wave Structure Wave (1): BTC initiated its uptrend, forming minute degree wave (1) on April 14, 2023, reaching a high of $31,019.60. Wave (2): A corrective phase followed, bringing BTC to a low of $24,899.97 on September 11, 2023. Wave (3): After completing wave (2), BTC started an impulsive move for wave (3), which culminated on March 14, 2024, at a high of $73,800. Wave (4): A time-based correction followed, marking a low of $48,974 on August 5, 2024. Wave (5): The final impulsive wave (5) then unfolded, reaching an estimated high of $109,900 on January 20, 2025. Post-Wave (5) Projection After the completion of wave (5), a corrective phase is expected. Based on the Fibonacci retracement tool, BTC is anticipated to retrace 50% to 61.8% of its entire impulse move. This suggests a retracement zone between approximately: $62,659.89 (50% retracement) $51,521.34 (61.8% retracement) BTC is expected to consolidate within this range before forming a new directional trend. If price breaks $89,414 early, it will be clear confirmation of the completion of wave (5). Conclusion The Elliott Wave count suggests that BTC has completed a five-wave structure and is now poised for a corrective phase. Traders should watch for price action around the Fibonacci retracement levels to assess potential support and future market movements. Disclaimer This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry risks, and past performance is not indicative of future results. Always conduct your own research and consult with a professional before making investment decisions.
by imkhushal
ETHUSD 6 MONTHLYSince its inception, ETH has moved up in a 5-wave pattern, which is now being followed by an ABC correction. Wave A occurred during the last bear market. Currently, we are in wave B, and the market is showing a lot of strength. Wave B should retrace the 5th wave completely and move higher. A move higher than wave 5 will indicate a strong B wave. Depending on where wave B finishes, it will determine whether wave C retraces wave A or not. If the B wave falls between 101-123.6% of wave A, there is still a relatively good chance that wave C will completely retrace wave B. If the B wave exceeds 123.6% of wave A, there is little chance that wave C will retrace all of wave B. If it does, it will still be an irregular pattern. When the B wave exceeds 138.2% of wave A, there is no chance that wave C will retrace all of wave B. I personally can see ETH reaching around $7,000 to $9,000 very soon This is all I can say based on the 6-monthly chart.
INDEX:ETHUSD
by thekidtrader11