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Wave Analysis

Bitcoin Dropped Below $80k: Will This Nightmare Will Be Stopped?Hello, Skyrexians! Despite the extreme fear tonight BITSTAMP:BTCUSD continues going down and finally broke $80k. Investors are panic selling right now and don't know what to do. But we pointed out earlier that the most impulsive part of bull run ahead and current dump is just the correction. Let's take a look at the weekly time frame. Here we can see that the potentially strongest reversal signal has been broken. We are talking about divergence with AO. That is the reason why we marked that waves 1 and 2 like you see on the chart. According to this counting we can see that wave's 3 targets are at the $140k and $190k. At the same time we wanna tell you that the strong resistance is located at 1 Fibonacci level at $110k and we have seen it already. Current dump is wave 2 inside wave 3. It has the target between 0.5 and 0.61. The first one has been already reached. We expect reversal from here. Moreover Fractal Trend Detector is showing us bull run support with the green zone and now we see its retest. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
BITSTAMP:BTCUSDLong
by Skyrexio
BTC - Another Theory with Crazy HopeIn my last post on BTC I concentrated on forks and cycles so I thought I’d concentrate on Elliot Wave which presents me with a possible bullish outcome in the coming month. On the 1D timeframe and starting from the bear market low of Nov 2022 EW shows a 5 wave impulse move topping out May 2024. This is followed by a shallow ABC pattern launching into another 5 wave impulse ending with a shallow wave 5 Jan 2025. Presently BTC is in an ABC move down towards the wave 2 pullback where the 50% is sitting at 73.4k. This “may” be another shallow pullback and not get down that far but presently it kinda looks like it might. Once wave 3 starts it could take BTC up towards 260k area. I like this theory mainly because of the global situation in that, there appears to be tons of BTC adoption going on around the world. Whales are apparently buying up BTC a record levels. Smart money is called smart money because well, they’re smart, so why buy in when BTC is gonna drop like crazy. Retail is nowhere to be found. I think retail got lost in the shit for brains meme market and will be way late to this party. My thoughts, not financial advice Oklah. Cheers
Long
by wildboar8
Elliott Wave View: FTSE Should See More DownsideShort Term Elliott Wave View in FTSE suggests that cycle from 11.13.2024 low is in progress as a 5 waves impulse. Up from there, wave ((i)) ended at 8388.37 and pullback in wave ((ii)) ended at 8002.34. Wave ((iii)) higher subdivided into another 5 waves in lesser degree. Up from wave ((ii)), wave (i) ended at 8326.32 and pullback in wave (ii) ended at 8192.31. Wave (iii) higher ended at 8584.73 and dips in wave (iv) ended at 8462.18 as the 1 hour chart below shows. The Index then resumed higher. Up from wave (iv), wave i ended at 8692.84 and wave ii pullback ended at 8520.2. Wave iii higher ended at 8767.5 and pullback in wave iv ended at 8685.78. Final leg wave v ended at 8820.93 which completed wave (v) of ((iii)). Pullback in wave ((iv)) is currently in progress as a double three Elliott Wave structure. Down from wave ((iii)), wave (w) ended at 8638.63 and wave ((x)) ended at 8768.05. Expect the Index to extend lower in wave (y) of ((iv)) to reach 8475 – 8587 area before it resumes higher. Near term, as far as pivot at 8818.31 high stays intact, expect rally to fail for further downside.
TVC:UKX
by Elliottwave-Forecast
1
Nightly $SPY / $SPX Scenarios for 2.28.2025 🔮 🔮 🌍 Market-Moving News 🌍: 🇺🇸📈 PCE Inflation Data Release 📈: The Federal Reserve's preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index, is set to be released. Economists predict a 0.3% rise in January and a 2.5% year-over-year growth. This data will provide insights into inflation trends and potential monetary policy adjustments. 🇺🇸🛒 Consumer Spending Trends 🛒: Personal income and spending data for January will be released, offering a glimpse into consumer behavior amid ongoing economic uncertainties. Analysts anticipate a 0.4% increase in personal income and a 0.1% rise in personal spending. 📊 Key Data Releases 📊: 📅 Friday, Feb 28: 💰 Personal Income and Outlays (8:30 AM ET) 💰: Reports on personal income, consumer spending, and the PCE Price Index for January. 🏠 Pending Home Sales Index (10:00 AM ET) 🏠: Measures housing contract activity, providing insights into the real estate market's health. 📌 #trading #stockmarket #tomorrow #news #trendtao #charting #technicalanalysis
AMEX:SPYLong
by PogChan
5
GOLD DAILY CHART MID/LONG TERM UPDATEGOLD Daily Chart Update: 24th FEB 2025 Hi Everyone, Here’s the latest update on the GOLD daily chart, which we've been closely monitoring and trading. Below, we break down recent price movements, updated key levels, and provide actionable insights for the days ahead. Recap of Recent Chart Success! Gold recently achieved a record high of $2,954.80. Our analysis has consistently highlighted that after reaching each target level, prices tend to reverse by over 40+ pips to the GoldTurn level. This pattern was evident when, after hitting TP3 at $2,933, the price retraced more than 40+ pips to the GoldTurn level at 2870, which acted as a support, before rebounding bullishly to surpass resistance and reach the all-time high of $2,954.81. Current Outlook: Bullish or Bearish? Presently, gold's price is oscillating between a resistance gap at $2,990 and a support gap at $2,933. The $2,990 level serves as a key resistance, while $2,933 acts as support. Additionally, the Fair Value Gap (FVG) offers support at $2,920. In summary, while the long-term outlook remains bullish due to factors like central bank demand and economic uncertainties, short-term fluctuations between the $2,933 support and $2,990 resistance levels are expected. Traders should monitor these key levels and indicators closely to inform their strategies. KEY LEVEL: 2870 Resistance Levels: 2990, 3052 Support Levels (GoldTurn Levels): 2933, 2870, 2801, 2744, 2671, 2595 EMA5 Behavior: * Or If EMA5 crosses and locks above 2933, it strengthens the bullish case. * If EMA5 fails to hold above 2933, cross and lock below this level 2933, expect a pullback to key GOLDTURN levels below. Recommendations: * Capitalize on Dip Opportunities: Use smaller timeframes (1H, 4H) to trade around GOLDTURN levels, targeting 30–40 pips per trade. * Stay focused on shorter trades in this range-bound market to manage volatility effectively. Long-Term Bias: Maintain a bullish outlook while viewing pullbacks as buying opportunities. Accumulate positions near key support levels for a safer approach instead of chasing highs. Final Note: Trade with confidence and precision. Our analysis ensures you’re well-prepared to navigate the evolving market landscape. Stay updated with our daily insights across multiple timeframes for deeper clarity. Thank you for your continued trust! Don’t forget to like, share, and comment to support our work. Best regards, The Quantum Trading Mastery Team
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
"NASDAQ 100 (US 100) Bearish Outlook: Will Supply Zones Hold?"🔹Technical Analysis: US 100 Index (15-Minute Chart) ▪️Key Observations: 1. Downtrend Continuation: - The US 100 Index is currently in a bearish trend, forming lower highs and lower lows. - The price is trading below key resistance zones, indicating further downside potential. 2.Supply Zones Identified: - Two significant supply zones are marked on the chart where selling pressure is expected. - The first supply zone is around 21,450 – 21,520. - The second, stronger supply zone is near 21,600 – 21,700, where a previous sell-off occurred. 3. Bearish Rejection Expected: - The price is likely to retest the lower supply zone before continuing downward. - A rejection from this zone could lead to further declines. 4. Target Area: - The projected target area is marked around 20,914, suggesting a possible continuation of the downtrend. - If the price breaks below this level, further downside momentum could follow. ▪️Conclusion: - The market structure remains bearish, and traders should watch for a potential rejection at the supply zone. - A confirmation of resistance could provide shorting opportunities toward the 20,914 target area. - However, a breakout above the supply zone could invalidate the bearish outlook. ▪️Trade Idea: Bearish Bias – Wait for confirmation at the supply zone before considering short positions. 😊Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
TVC:NDQShort
by SOAM_PRO_TRADER
What if... Bitcoin just finished an irregular flat correction?I am following bitcoin´s correction since the 109 top, and there´s a few possibilities. Either 108 followed by 109k formed a double top, in which case we are still braced for more downfall or... Bitcoin has finished a flat correction in Wave 4 of Elliot Wave Theory. Proportions seem to work fine, with a 3 waves A, another 3 waves B, and a 5 waves C which has just hit 1.618% If the correction continues, since there´s no volume nor support, we are facing 76-77 and then the 65-66k zone. Let´s hope this is a flat and done!
BITSTAMP:BTCUSDLong
by Ivanbole71