BA_Investments

BA_Investments

Sell bias for BTC still remains valid as current market price is holding below previous Wave 5. This makes market structure valid according to the EW Theory strategy. Whereas, a move above the last high of Wave 5 will invalidate this analysis. I'm still holding & looking for a 3 Sub-Wave (A,B,C) correction to the downside.

BA_Investments

Gold is closing bearish on the monthly TF, so here's what I am looking for next month; Option 1: Price keeps dropping lower towards $2,580 in its trend. Option 2: We see a huge month liquidity grab to the upside. Target would be around $2,740.

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And just like that, we got a bearish rejection on BTC & saw price melt down! We are still very early on in the move, so if you haven't already you still have an opportunity to short the market. Called live for you all yesterday evening, so congrats to everyone who got in🦾

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Looking to short BTC as price action is offering a shift in market structure. Targeting below current Wave 4 for a healthy retracement. HIGH RISK TRADE. ⭕️Wave 3-5 Impulse Move Complete (Major Wave 3). ⭕️Waiting On 3 Sub-Waves (A,B,C) Correction (Major Wave 4). ⭕️Overbought Market Conditions.

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Here is what I am looking for next; Gold prices dip lower towards $2,583. We are expecting a flat correction according to the EW Theory.

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Gold has pushed up & playing within a range. It's moving perfectly within a range to create either a flat or complex correction pattern, either in a 3 or 5 Sub-Wave form. Remember, Wave 2 & Wave 4 are always corrective moves so they move slow. Time to exercise patience🤞🏼

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Once again overnight (Asia session) GU shot back up again towards our Wave 5 entry zone, rejected it again & is running 70 PIPS in profit so far. Me & my Gold Vault Academy students understand that Wave 5 being the FINAL IMPULSE WAVE, means that wave will move slowly & trap in a lot of early buyers before it reaches its target. As an Elliott Wave trader, you need...

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BTC has topped at Wave 3 (III), now we are seeing a Wave 4 correction which will shake out a lot of the late buyers who got into the market. Following this shakeout we will see one more push on BTC which will then shake out sellers, when price heads towards a new ATH of $103,000! Clear shakeout on both sides.

BA_Investments

After a strong 1,000+ PIPS sell off yesterday, bearish momentum is still holding strong on Gold & keeping prices down. Yesterday's sell off would be considered as Wave 1 of the Bearish correction, which means any minor wave 2 correction we see, this would be your chance to get into sell positions if you haven't already. I will be looking to get into further sell...

BA_Investments

Gold daily high - $2,721 Gold daily low - $2,615 Market has melted 1,060 PIPS in LESS THEN 1 DAY! Take advantage of these cheaper prices as Gold moves lower. You’ll thank yourself when new high’s are created!

BA_Investments

Now that ETH/BTC has tapped into its low, now would be a good time to start going long on altcoins. I'm expecting BTC to dump soon and all the money from there will flow into altcoins!

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We saw a huge gap on GU last night on market open, which took price back to our entry zone. But it's fine because the analysis is still valid & our position remains open, running in profit👌 We are in the final Wave 5, so it's not a surprise price is moving slowly towards the final target. Seeing a 3 Sub-Wave move play out.

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Here is what I am looking for next; Gold prices dip lower $2,602 - $2,590 zone as prices are overbought.

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Remember what I said on my last Gold update? We could see a short squeeze happen on Gold to trap new buyers & liquidate early sellers. I said if Gold passes the $2,700 mark then it could go up to $2,720 - $2,735 before dropping. Price touched $2,720 last night & melted right back down with accuracy🎯 Overall, our bearish bias remains intact despite the short squeeze!

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Well done to everyone who got into GU sell's from my analysis yesterday! GBPUSD is now running 95 PIPS in profit so far & inching closer to out TP which should hit early next week📉

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I remain bearish on Gold. But I'm just weighing out the possibilities on how Gold might play out its bearish move. Will this bull trap and liquidity hunt be the way forward? Let's wait and see.

BA_Investments

GBPUSD has broken the Wave 3 low, indicating that bearish momentum is now likely to continue towards a new Wave 5 low. ⭕️Wave 3 Impulse Complete. ⭕️Wave 4 (3 Sub-Wave Correction) Complete. ⭕️Wave 5 Impulse Move Yet Pending.

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Here is what I am looking for next; Gold prices dip lower $2,630 zone as prices are overbought. The VRVP also shows there is little volume left from buyers so the least we should see is a retracement down now.