Potential Buying Opportunity for Us100hello traders
We have a break in the wall of sellers with strong momentum for buyers, so we are looking to buy and I will monitor the price behavior with the support area. If a reversal signal occurs, a buy trade will be executed to target the 1190 area
Wave
Final Wave down for ETH and cryptoBearish divergence was formed on several charts, major resistance will be a big obstacle here.
For a nice risk reward trade, you could trade this potential retest of bottom of this falling wedge pattern.
A possible -40 percent down from here.
WAVE ABOUT TO MAKE ANOTHER WAVEWAVE about to make another wave. Lets go boys! Get READY For MASSIVE ROCKET FLIGHT
gold long sideI expect gold to move bullish after one more drop taking the liquidity below 1st as marked on the chart. We won't the reason for the drop until it happen. Even the drop is just an optional for gold but as a trader we should see the chances, this can push high without giving the drop.
So I'm biased only to long side
BTC.D bitcoin dominance continues to bearish movementHi friends
I think that bitcoin dominance has still another corrective wave to complete bearish movement
What do you think?
regards
Reza
Ethereum All Time Elliot Wave Analysis! Depressionary Period!?Historic Ethereum Elliot Wave Perspective: There is a valid wave count to suggest that a Primary Wave Cycle has been completed from the inception of the Ethereum asset in October 2015 to the All Time High at ~$5053, whereby 5 primary impulse waves have been completed with evident subwave structure as visualised on chart. This would suggest a change of market structure as never seen in Ethereum and in the Cryptocurrency Asset as prices since its beginning have never experienced prolonged depressionary periods.
Ethereum and majority of crypto assets will likely experience prolonged corrections in price and also time as never experienced before. From the ATH at ~5053 a 5 wave impulsive structure to the downside can be evident with clean subwave structure highlighting its validity; Ethereum aswell as Bitcoin appear to be in the Macro 5th wave to the downside from ATH's and look headed towards new lows. The Minor Wave 3 indicated in red pushed price to a ~1.618 fib extension of Wave 1 at ~$940 where price then recovered in a Minor Wave 4 correction notably tagging the 1.5 fib line of the Original Pitchfork which will likely forecast future prices.
Ethereum currently sits in the Minor Wave 1 to the downside; and has a strong confluence of areas where price will likely head to; looking at the subwave structure as to with Bitcoin it appears a possible hyperextended 5th wave is to be expected with a possible 1,2 , 1,2 formation in this 5th wave having occured. Notably the ~2.618 extension of Minor Wave 1 lies at ~$410 along with the 0.618 fib retracement of the PRIMARY 5th WAVE to ATH at ~$400; additionally, the pitchfork lower warning line also lies at this area. This is also a significant support area as indicated by the yellow circles where it has acted as an integral level, notably it acted as a spring for the distribution of the 3rd wave of the PRIMARY 5th wave.
Other levels where strong demand will come in also exist at the ~0.618 extension and ~0.786 extension of 0-3 at ~$700 & ~$521 respectively which also line up with integral support structures historically.
From a Minor 5th Wave bottom a likely A wave would have been completed where a B wave will likely retest the $1500-$1800 region before a C wave lower occurs. This provides a strong and unique trading oppurtunity as Ethereum will be extremely over sold at these levels and provides a good dollar cost averaging oppurtunity.
This is not financial advice, please like and follow for more :)
GBPUSD Triangle range?
Triangles are said to be most difficult to forecast.
Easier to think 12345 then ABC retrace comes. looks like we are in the B wave (possibly triangle pattern).
Possible UPside of bitcoinhello traders
There is a bullish impulse wave that did not close according to the method of closing the waves, we will get a wave equal to it at least, so if the price is able to remain above the support level, a buy trade will be executed to target the supply area
BTC very bearish , ultra bullish long term!So this is my count from the bottom back to 2010 , zooming in in the current wave and from what I can see now it looks more like a sideways WXY, huge opportunity here to fill your bags. Goodluck
Wolfe Wave - BullishAt March 2020 low, wait for break above 136 and confirmation with break of channel
223 target by May 2023
GBP / USD SHORT hello traders
We note the weakness of the British pound and it is expected to decline against most currencies and we have a good entry point to sell the British pound against the dollar
audusd end of a corrective wave, beginning of a new uptrendplease refer to my full analysis of audusd
i welcome any comment, advise etc...
Bitcoin Impulse wave forming towards lower levelsAfter explosive gains off of the $18200 level where there is key support, bitcoin rallied into 20k where it ultimately saw some rejection off those highs and has pushed lower in an impulsive fashion which could lead to a new wave structure to the downside; there are a few reasons which can support why BTC saw rejection at this level; there was a key channel which bitcoin was within previously which broke to the down side and a retest of the lower trend line occured. Furthermore, there is an extremely significant daily orderblock between 19400-19500 which price overshot in order to touch the trend line in what is most likely an expanding flat C wave structure which actually surpassed ~4.236 extension; hence, why the rapid reversal.
Bitcoin may trend down, with strong impulse structure, the MA's are crossing bearishly on the 1 hr and pointing downwards suggesting continuation to the downside about to occur. The Subwave strucure shown on chart is likely to be a sub wave of a larger WAVE 5 from the BTC ATH, meaning further waves of higher degrees will likely push BTC even lower in this TERMINAL 5th wave. Important level to monitor is the 16200 level and the 15k level which is the pitchfork median line which is likely to offer strong support. It is possible for BTC to hit even lower prices depending on the subwave structure with 13500 and 10500 other key levels to target in this 5th wave.
Please like and follow for more :)
[Bitcoin] 60K in March 2023?The assumption of a large Wolfe Wave shows a potential target of $60K in March 2023. Such a rapid rise has already occurred between October 2020 and February 2021.
OIL short term UP!Despite recent OPEC+ agreement, oil prices look like it will not make them bullish for long. Long-term forcast - it's going down. Right now there is a possibility for short-term pullback.
LCID daily wold set upLCID daily wold set up for wave 6. Buy 14.27
Sell Limit 17.68 GTC
Sell Stop 12.88 GTC
ETH vague de WolfeSurveillance d'une potentielle vague de Wolfe en Weekly sur l'ethereum.
Validation :
-- RSI > 50
-- Cassure ligne 2-4
Objectif :
-- plat de Kijun W (2222$)
-- 50% Fibo (2222$)
-- Plat Kumo W (2304$)
Bitcoin $20,000 Resistance The Downtrend ContinuesIt seems like Bitcoin wants to get back above $20,000 but it is starting to face resistance getting back above $20,000. We've been ranging from $18,200 - $20,300 for over a month now. Due to the stochastic RSI wave peaking and being at overbought levels on the daily I believe short term Bitcoin will be going back down to the low $19,000 levels within the next week or two. We've formed our daily wave and now it's starting to crest out. I put in a short above $20k looking for Bitcoin to hit around $19,500 level to close the trade. Much peace, love, health, and wealth!
