Resistance Broken & Await ConfirmationPrice has broken an important resistance area. I am now waiting for a corrective structure on a lower timeframe as confirmation of further upside before I enter.
Wave
Bitcoin (BTC) In The Trough Zone Can we Hold $40,000?We've been through this rodeo with Bitcoin many times. On a downtrend for the past 2 months and a nice 42% dump from new all time highs set November 11th. Oversold on the daily timeframes on the Stochastic RSI, RSI, and MACD showing signs of confluence. We could bet getting close to bottom soon and another parabola on Bitcoin has formed. We're still in a downtrend though and need to hold above $40,000. If we can't hold $40,000 then $37,000 is next the next destination.
Two scenarios for BitcoinBitcoin reached the target we previously predicted (see idea below)
But what are the scenarios facing Bitcoin at this stage?
There are two scenarios for Bitcoin at this stage.
1-The first scenario is the respect of Bitcoin to the previous support area in the Point and Figure and RENKO charts.
Bitcoin may have respect for this support range. The reasons for this can be seen in the candlestick chart.
The dynamic RSI oscillator has entered the oversold area and the wave trend indicator is located on the middle support of the channel.
2-The second scenario is determined by the volume profile and momentum oscillators in the monthly time frame.
Bitcoin's volume profile has a small trading volume in this area (40500) and will not be able to create the accumulation area needed to reverse the trend.
In fact, the next POC area looks like $ 34,700, and Bitcoin is likely to create its next Lateral movement area around this price. (29700 - 40500)
But the next important issue is that with the breaking down of support at 40,500 in the monthly time frame, the trend wave oscillator will leave the overbought area, which can be an important signal for the continuation of the downward trend in the future.
WAVE | Ascending Triangle Breakout | Elliott 3rd Wave ResistanceWAVE | Thailand SET Index | Media Sector | Chart Pattern Trading
Let's challenge ourselves to catch it before breakout once forming a tight consolidation candlestick pattern below the key resistance of Elliott Wave 3.
Chart Pattern: Ascending Triangle
Price Action: Speculative buy before the breakout
Indicator:
RSI and MACD bullish golden cross above baseline.
Trade with affordable risk ratio 3:1
Always respect your stop-loss
Good Luck
DP
VET 2th Wave over, confirmed 3th wave with target Hello there, as i see it we had a 1 to 5 impulse wave up on the 15min chart. This is wave 1.
After that a ABC correction to 0.5FIB.
I confirmed my wave 3 at 0,08294 and went in for a long.
I put a stop loss just below my ABC correction at 0,08233
Lets see how this plays out.
This is on Binance
AUDUSD - Looking at the bearish model Aussie took a sharp drop last night and is now dealing with the 72 level.
There is economic data coming out at 0100 hrs tomorrow morning my time (AUS), so I will be paying attention to that.
The Daily chart for mine is modelling a W - X- Y with C of Y in it's early stages.
"IF" true then C=A could find Y circa 67 when complete , which would be an outstanding OANDA:AUDUSD
SXP $89LONG-TERM TARGET! $20 SHORT-TERMIn the chart above we can see that sxp is currently testing support of its ascending trendline while also in an ascending triangle.
Also worth noting, currently nearing the end of its wave II correction a breakout to the upside will give us a target of at least $19 to complete the wave III.
After which a correction should see us find support either at Prev Ath at listing (RED LINE), or recent ath which coincides with top of the ascending triangle (black trend resistance) to complete the wave IV correction
Once wave IV is done, potential price target is $89!
Pls note: RED bottom trend support is a potential target for a wick in the case BTC sees a sell of, backed by volume as well.
I am a firm believer of this project and do think it will pull similar price actions to that of BNB.
Furtheremore the fundamentals of this coin is very solid and has widespread adoption itself already
Below is a realated idea explaining the ACBDE wave structure.
btc in an ABC correctionthe move down from the 69k top is a clear zigzag (purple circled abc) correction and the first part of an even bigger correction.
this means that this abc is wave A of an ABC of a higher degree (red circled abc)
my assumption is that the choppy move in the rectangle still belongs to the first part of the correction and will end at approx. 44.8k, before another move to 56k starts, which is B of the macro ABC
From B we will see another leg down, equal to A in length, which will become the C wave and the end of the correction.
note: it is possible that A is already done and wave B started at point B (lilac ABC) in the rectangle at 45390. i keep that in mind too.
i hope you enjoy the content. pls feel free to like and comment below.
best,
waverunner
NZD/USD potential bullish move Hello Traders
Here is a new BUY Scenario,
This pair may go up between0.69000 and 0.71000
💹NZD/USD BUY
JamdeJam will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
BTC fractality principle - ongoing accumulation processThis is #btc analysis I’ve just made based on the principle of fractality.
It has proved having a high rate of prob, especially when it comes to including market cycles in the equation.
Thus, accumulation should end ± in mid-January & start a new impulse wave (X. ABC)
jpn225 neutral viewlike i see .we are in a falling market in the third wave from final wave 5 . so i think that we can take a position "sell" like i tried to mention it in the chart .any objections or advices to improve my trading system that base on elliot waves please montion it. and thenks
BTCUSDT 'High potential of falling' (Dec.24.2021)BTCUSDT elliott wave analysis, elliott counting
Binance and Bybit have different low point on the beginning of 2nd impulse wave, it matters a lot in micro elliott counting.
However, with indication of other factors. Bybit seems more reliable.
RSI = Divergence (1hr, 15min)
Volume Decrease + spikes at resistances
ABC Counting complete
Eth Final Impulsive Wave up to 5700$!?- Based on the Elliott Wave Theory we could draw this chart.
- This shows a possible outcome of 5700$ per Eth.
- AB TIME= CD TIME, a strong correction within this period would most likely invalidate this outcome.
- Possible Bull flag scenario.
Just my view on the coming weeks, do your own research;)
21/12/22 - Gold currently in C leg up Hey Trader,
please see my current idea on Gold where my count suggest a long position to around 1850 area.
For further informations please see below.
RT
ICICIGI - Wolfewave ICICIGI has wolfewave on 2 hr timeframe and looks like forming cyper also demand below.
AXISBANK - Bearish WolfewaveAxisbank has bearish wolfewave at 1 hour and 2 hr timeframe. close above 722 would be sl
HDFCBANK - Bullish WolfewaveHDFCBANK has bullish wolfewave at 30 minutes timeframe and a demand zone below. expecting 1524-1532 as target.
PS:- HDFCBANK respect waves everytime. watch out previous hdfcbank analysis ...
