China Cyrpto ban news halted the progress again for BTC reversal, but still ~42K support is holding it well, I'm still bullish unless the bearish news keep piling on one after the other. " When everyone is fearful, be greedy" - Warren Buffet. ~ Happy Trading
Cardano, continues to impress and still is due for making another high. I added to my position. ~ Happy Trading Kuldeep
Hi, Given how the VIX index behaved today, it seems market's correction bottom has reached, for me buy the dip from here. PS: Corrections are tricky to analyze , trade wisely with not much risk, it can always turn around anytime. Happy Trading.
Nasdaq looks strong. Key points - Biggest reason is volatility index for Nasdaq is showing weakness, when Nasdaq was going down, there was not enough strength in VOLQ, that means buyers were buying every dip today. NASDAQ:VOLQ PS: Corrections are hard to analyze as they can take any turn, I'm bullish but still conservative. Happy Trading.
Hello Bitcoiners, If you're still holding BTC, stay strong, we may have a recovery phase soon before breaking out. Key points - Fibonacci Extension level was tested twice and buyers came in, possible signs of bottom. - Next Fibonacci Extension level is acting as resistance now, once we cross ~46K, short sellers will probably not take chances to be greedy. -...
Seems like Correction isn't over for BTC and is struggling to find the bottom. PS: Corrections are much trickier and it's impossible to catch the bottom, so trade accordingly.
ADA has broken out, and it looks good for a big bull run, it still looks like buy the dip scenario based on Elliott wave theory. PS: Trade with caution in the end it's the crypto which is very volatile in nature.
Hi All, What a strong close today for SPY. It certainly took Bears on surprise, the bigger surprise was Nasdaq strong pull back to green as there's a lot of FUD around inflation, which is true but FAANG stocks are too cheap to be ignore for long. Again, correction can be very tricky, I'll not assume or jump into any conclusion, we're still sitting in...
Hi All, I'm a long term Tesla Bull, but bearish short term, the price action suggest short term bearish price action. Reasons - No Catalyst until July Delivery Numbers - No S/X Deliveries yet - Nasdaq still in correction mode and has a room to come down, pressure on tech/growth stocks. - Elon's tweets about FSD subscription(impacts financials) and FSD V9...
Hi Folks, You might be worried about Tesla's move on BTC, this is just a temporary news, no need to panic. I think BTC has completed it's 5th wave ABC correction. All other coins were due for correction and this price action is ensuring that. I expect BTC should lead the next rally on cryptos for making new highs after stock market specifically Nasdaq touches...
All the targets are listed in the map.
The correction continues. Target prices are in the map.
Short Term Bearish to complete the 5th wave of ABC correction. - Happy Trading.
Tesla, the most favorite stock for retail investors, is in search of 'E' in correction pattern of Elliott Wave, once 'E is confirmed, the bull run begins for the next wave up and it's bound to surprise with the big bull run again. ~Happy Trading.
#Doge - Careful and take profits. Good luck!
Combining Fib Extension to project the probable targets for 5th Wave top (if not reached already). Thanks!
5th wave has still some room to go up as usually it's as long as 1st wave. Fib Extn for this wave from bottom of 1st wave to top of 3rd and extending it to 4th (bottom): -------------------------- - We are now at 0.236 Fib Extension $34,550, 0.382 is around ~$35,090, 0.5 is at ~$35,500, 0.618 around $35,958 Good Luck!
Cardano looks all set for Big Bull Run. PS: Check the Bullish parallel zone, upper line is resistance and below line is support. Enjoy.