Wave Analysis
USDT Dominance Update (4H)The large bullish pattern appears to be a symmetrical one, and we are currently in wave I of this structure.
Wave I seems to need a bit more time to complete. The candles are expected to reject from the red zone down to the SS (Static Support) line.
If the candles attack the red zone once again, it could be a good opportunity to buy Bitcoin and altcoins.
Let’s follow the market step by step instead of making predictions. Let’s see what happens.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Intraday Setup: Gold Market Technical Outlook & Supply Zone.🔹Gold (XAU/USD) 15-Minute Chart Analysis
- The chart highlights a supply zone around the 2,914 level, where price previously faced strong selling pressure.
- Gold has broken below this zone, indicating a potential bearish continuation.
- A retest of the supply zone is expected before further downside movement.
- The projected path suggests a move lower towards new support levels, likely around 2,890 or below.
- If price fails to reclaim the supply zone, sellers may maintain control.
▪️Conclusion:
Gold appears to be in a short-term downtrend, with potential selling opportunities near the supply zone before further declines.
US30 (Dow Jones Industrial Average) on the 1-hour timeframe,US30 (Dow Jones Industrial Average) on the 1-hour timeframe with a potential bullish setup.
Chart Analysis:
• The price is currently around 43,415, trading within a support zone (highlighted in red).
• A bullish scenario is suggested, where price is expected to bounce from support and move towards the next resistance level (marked with a blue arrow).
• Key resistance levels are around 43,871, which could be the first target if the price starts moving up.
• Price previously rejected a lower support area, indicating potential buying interest at this level.
• The overall expectation appears to be a breakout above consolidation and a continuation towards higher levels.
Would you like a deeper breakdown or specific trade idea?
If This Happens For BTC Dominance, Shakeout Is CancelledHello, Skyrexians!
As you remember we have the previous analysis on CRYPTOCAP:BTC.D where we pointed out the target at 66% and the shakeout. But we were sure that it will happen in the upcoming week, but Dominance retraced again below 61% and current wave doesn't look like the wave 5. This move increased probability of more positive scenario for altcoins.
Let's take a look at 12h time frame. We can see that candles were able only to touch the 62.5% and then retested the recent low. It gives us an idea that the probability that this is wave 5 decreased. Here we have two scenarios. The first one is that we are in wave 4, which is more complicated that we supposed and candles will finally reach 66%.
But the second scenario now has even more than 50% probability. This pump could be already shortened wave 5. Unfortunately, Bullish/Bearish Reversal Bar Indicator can't catch such waves, but Awesome Oscillator tells us that wave 4 has been finished and we can see the divergence, which could already happened if dominance touch 66%. Now AO is reversing and this is the sign that this impulse to the upside will not continue. The clear breakdown of 60% will confirm this idea.
Best regards,
Skyrexio Team
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EUR/USD (Euro/US Dollar) daily timeframe with a bullish outlook.EUR/USD (Euro/US Dollar) daily timeframe with a bullish outlook.
Chart Analysis:
• The price is currently around 1.0467, showing signs of breaking above a key resistance zone (highlighted in red).
• A bullish scenario is illustrated, where the price is expected to retest the breakout zone and then continue upward.
• Key resistance levels are marked at 1.0680, 1.0791, and 1.0925, which could act as potential targets for a bullish move.
• The overall structure suggests a possible trend reversal after a downtrend, with a move towards higher levels.
Let me know if you need a deeper breakdown or specific details!
(BTC/USD) daily timeframe.(BTC/USD) daily timeframe. The chart includes price action analysis with a highlighted ENTRY ZONE around 85,147 - 87,885.
Chart Analysis:
• The market has experienced a sharp drop and is now expected to retest the entry zone (resistance area).
• After testing this zone, the chart suggests a potential price rejection and a further downward movement.
• A support level is marked around 76,805 - 76,765, which could act as a target if the price continues to decline.
• The current price is 85,147, and the overall outlook appears bearish.
Let me know if you need a more detailed breakdown or discussion!
A bit of Hopium - FTX payouts tomorrow. What's next for the mark8 months to the assumed end of the cycle.
ETFs and everything else are already priced in. However, incoming money flows are not yet factored into the price of the cryptocurrency market. This creates a unique opportunity for those who can anticipate where liquidity will flow next.
I think you all have noticed that capital/liquidity from Bitcoin is not moving into altcoins — at least not yet. Bitcoin remains the "safe haven" for institutional investors, while altcoins remain underappreciated. But if ETFs for altcoins are approved, it will be a very different situation. The floodgates could open, and we might see unprecedented inflows into projects like Ethereum, Cardano, and even meme coins like Dogecoin.
FTX payouts are on February 18 — that's tomorrow.
This event is critical. Many creditors have been waiting for years to recover their funds. With Ethereum staking ETFs potentially approved in the second quarter, this could coincide with the next FTX payouts, creating a perfect storm of liquidity entering the market.
Let’s remember the 2020 FTX debt buybacks at $0.3 per dollar, then $0.4, and the last one I heard was at $0.8 per dollar. Someone had a lot of confidence that payouts would be made. And where do you think the $10–15 billion of capital will go? Most likely to altcoins, because Samuel Bankman-Fried was the king of altcoins.
There is an assumption that if something triggers the printing press or quantitative easing, but nobody believes in that now.
Central banks are tightening monetary policy, and inflation is slowly coming under control. However, the crypto market operates differently. It thrives on speculation, innovation, and adoption. All of the top altcoins will be priced significantly higher as new narratives emerge.
The challenge is to hold our portfolios! Volatility is inevitable, but patience will pay off.
If there is a correction in early March, here are the projects with potential ETFs:
ETH staking
LTC
ADA
DOGE
XLM
XRP
HBAR
This is in case there is a drop in March. Corrections are healthy for the market, allowing new buyers to enter at lower prices.
Spring can turn positive very quickly.
The best scenario is a green close of the February candle — momentum on Bitcoin. If BTC holds above key support levels, we could see a bullish Q2.
In the second half of March, we need to get in what we didn’t manage to get in the market, in case there is no drop in early March. Timing is crucial, but so is preparation.
Additional Catalysts to Watch For:
There are many catalysts that I don’t write about, but they could happen:
Introduction of Basic Income
Unexpected ETF bids: Regulatory approvals often come faster than expected.
Countries building reserves of BTC or other altcoins : Nations like El Salvador have already started adopting Bitcoin. Others may follow suit, especially as geopolitical tensions rise.
It’s going to be a super positive year. Stay positive.
The future is very clear, but for some reason, a lot of people are losing faith.
Prices go up — I’m sure of this scenario. Prices go down — I’m sure of this scenario. There’s no point in making a fuss when you know what’s ahead. I don’t know why people lose faith in their beliefs in the moment.
In a market like this, when it’s suddenly not obvious, it’s because you’re competing with a completely different category of players. Believing in your beliefs will be an advantage in this market, especially for people who are not big capital.
Stay strong and focused.
Best regards EXCAVO
Elliot Wave Theory Analysis on DOGENew to Technical Analysis here but I am loving my learning journey. Watch this absurdly long video to see my thoughts on where I think we are in relation to past cycles and how after deep thought on the Elliot Wave Patterns I have found it astonishingly lines up to a tee with past cycles. I didn't modify it anyway to make it line up ------ it just did!
Monthly chart Bitcoin, playing out just as expectedIn this analysis, we’ll explore how big news events and market behavior affect Bitcoin's price, focusing on political changes.
Impact of Big News Events:
- When significant news hits, like a change in government, it can drive markets in a certain direction. For example, when Trump won the election, it created a surge of energy that pushed Bitcoin’s price up.
- This shows how big events and public sentiment can cause major shifts in cryptocurrency prices.
Technical Analysis and Market Behavior:
- Technical analysis looks at how traders' emotions and predictions shape market movements. For instance, traders often use the Fibonacci sequence to make trading decisions.
Current Market Situation:
- The chart shows we are experiencing a sell-off, which is a temporary drop in price. This drop is part of a normal correction that we expect to bounce back up from the trend line.
- We’re in the second wave of this new trendline. Elliot wave theory means you can generally expect 5 waves before a major reversal.
The next upward move is expected after all the selling has settled, especially in the long green candle area. (Imbalance to be filled)
Expected Market Behavior:
- In cryptocurrency trading, it’s common to see prices dip below trend lines before bouncing back up strongly.
- We can expect Bitcoin to dip further below the trendline before bouncing back up with more force, like a trampoline. This is 100% necessary to absorb the liquidity of market makers, retail investors, and institutional long positions to rally the digital asset to new heights 😎
That being said, Never trade more than you can afford to lose. DYOR, and keep in mind black swan events can happen like a major war to shift the trend line a different direction
Elliott Wave View: Amazon (AMZN) Short Term May See Further UpsiShort Term Elliott Wave View in Amazon (AMZN) suggests that rally to 242.52 on 2.5.2025 high ended wave III. The stock then did a double three Elliott Wave correction ((W))-((X))-((Y)). Wave ((W)) ended at 221.77 and wave ((X)) ended at 234.81. Wave ((Y)) lower unfolded as a zigzag Elliott Wave structure. Down from wave ((X)), wave (A) ended at 225 and wave (B) ended at 234.81. Wave (C) lower subdivided into 5 waves impulse.
Down from wave (B), Wave 1 ended at 228.06 and wave 2 ended at 233.92. The stock then resumed lower in wave 3 towards 210.7 and wave 4 ended at 213.18. Final wave 5 lower ended at 204.16 which completed wave (C) of ((Y)) of IV in higher degree as the 30 minutes chart below shows. The stock has turned higher in wave V. Up from wave IV, wave (1) ended at 218.16. Pullback in wave (2) is now in progress to correct cycle from 2.26.2025 low before the stock resumes higher. Near term, as far as pivot at 204.16 low stays intact, expect dips to find buyers in 3, 7, or 11 swing for further upside.
75k is INEVITABLE.I published my idea on BINANCE:BTCUSDT how it is forming Double Top pattern and indicators are making divergences in late January. Since BTC hit our first take profit point we might expect little bit of pullbacks and see if it is gonna react to 91k area, but Volume is not looking good that means we might see red candles all the way to 75k area. 75k area was major resistance zone which would work as support this time.
DG Potential BreakoutPrice is showing a nice strength to the upside. With 2 days remaining in the month we can see a new higher high. Today 2/26 showed a retest of a d1 breakout to the upside with rejection. DG is a long term hold and will hit new highs with plenty of gaps to fill. Hopefully February starts the reversal in the consumer staples sector.