Since the low on November 22, 2022, bitcoin has already gained over 50% in value. Nothing unusual for the crypto world, but this time it seems to be an impulsive 5-pointer. This means that the bear market may be over. According to my Elliott wave analysis, we have now seen the low in bitcoin at $15482.03. Should we build a clean 5 divider - meaning bitcoin...
That could be it for the bitcoin. The emotion in the bitcoin market is very high, especially in the bearish phases. Let's not let that get in our way and look at the technical factors of bitcoin - more specifically, the Elliott waves. According to my calculations, we are in an uptrend, at least for a short time. Bitcoin has approached the area of the wave (iii),...
Apple seems to be in a complex W X Y correction at the moment based on the Elliott waves. We saw the current top of Apple stock on Dec 13, 2021 at $181. Since then, we have been in a correction that has reached almost -30% at its lowest point. But is that it for Apple or does it go even further south? The top so far was the end of wave (3) in the Intermidiate...
Hey friends, yesterday brought some new volatility to the market and interesting price movements emerged in the various coins. Even before that, I suspected that we haven't seen the low in bitcoin yet. However, our new low around $15,500 may have been it now. To generate a sustainable uptrend, we would now need to move up in an impulse move. If we reach a...
Hey friends, Netflix reported positive earnings again for the first time in Q3 2022. What a coincidence, though, that the stock has been trending upward again for 162 days. The Netflix stock has gained almost 80% in value and the recently published quarterly figures seem to indicate that we have finally seen the bottom of the streaming giant. Netflix has now...
Yesterday, Tesla extended a new low slightly below the previous one. Tesla is now at $205.37, clearing the way for the Alternative Count. Thus, we can assume that we saw the overriding in November 2021 and have been in a correction since then. Typical for the wave is a correction at least below the 0.618 retracement. Also common for the type of correction,...
If we have already seen the low in Etherium in June this year, we are just at the end of wave (II) of another ascending movement. So we completed wave (I) on August 13 and since then the market has corrected roughly to the 0.618 Fibonacci retracement, a common level for such moves. If the move completes at the 0.786 retracement, we will see values of at least...
Germany's largest carmaker and DAX40 group Volkswagen did not perform well on the stock market in recent months and the share price went south. Since the beginning of the Ukraine war, the price lost slightly over 50% or 126€. On the overarching chart picture, however, this sell-off is only part of an overarching correction according to my assessment. The market...
Silver is performing magnificently, exactly in the momentum moves envisioned by the Elliott waves. At the moment, we are in the wave (iv) of the . The wave (iii) we have completed at the high of $ 21.3 A slope of almost 19% in less than a week. Where else is there something like that? We reach the end of wave at least at the 1.618 extension at 22.135$, but...
US OIL still has a correction of at least 30% ahead of it. According to the Elliott Wave calculations, we have seen the end of the correction of the superior 2 in April 2020. Since then, US OIL has risen almost 20000% to the top. Those who were invested then have been able to take good profits. Unfortunately, these times are over. We saw the top at the beginning...
Silver got off to a good start and built a clean 5-part move through September 12, where it closed the wave at $20,020 per ounce. Expected after wave is a correction between the 0.618 Fibonnaci retracement and the 0.887 Fibonacci retracement. This area, starting from 18.4$ has silver now expired and with the entry of the territory of the (i) now the...
Although the fundamental data would actually point to a price increase, I still see a price drop of around 30% for net gas before the upward movement can be sustained. We completed the overriding wave in June 2022 and have been in a correction since then. Wave b was overshooting, which indicates a flat correction. Thus, we should still reach the 0.618...
Apple has now approached the wave 1 target area and is below the 0.618 retracement of wave (i). A turning point at $139.29 (0.786 retracement) is most likely. There, AAPL should complete wave (ii) and see values from $213.74 to $231.35 in wave (iii). So it looks very bullish for the largest company in the world and price increases of up to 50% could be possible....
Paypal (PYPL) shows a very clear picture in the chart structure. We have two possible scenarios here, whereby the alternative scenario only has a probability of 20% due to the sell-offs. Thus, I assume that Paypal saw the low at $68 on June 29 and has been in a wave (1) since then, which was completed August 16. Since then, the stock has been building a clean...
The silver market is in a clean 5-part uptrend right now. The correction was completed cleanly between the 0.618 and 0.786 Fibonacci retracement and since then it has been impulsively moving upwards. The (iii) has captured the 2.618 Fib extension and then completed cleanly into the (iv) (around the 0.5 Fib). Now silver is in the ii of the (v) of the . If silver...