YetAnotherTA

YetAnotherTA

NSE:NIFTY has a 5 wave down formation as of now in daily which potentially means that the recent rise could have been a counter-trend and the primary trend remains downward. A breach of 23676 should be another confluence for downside view.

YetAnotherTA Updated 

CRYPTO:BTCUSD has broken down from a bearish wedge in hourly. I expect it to do at least 38.2% retracement around 84k, though it could likely go lower around 50% as well which is around 82,600. Closing below 80k might open doors to resumption of downside trend.

YetAnotherTA

Let's face it. None of us want BITSTAMP:BTCUSD to go down. Isn't it? So whenever I see a potential/local bottom, I start looking for a bullish possibility. Few days back, #BTC dipped below 77K so I started counting waves from that point to see if there could be anything good happening here. On the 4H chart here, I can see a 5 wave move up (wave (i)) which...

YetAnotherTA

COINBASE:SOLUSD managed to defend the super important 120-125 support zone. As long as it stays above it, we can hope it would climb higher. On the contrary, if Solana breaks down below this then it can go much much lower. Keep an eye.

YetAnotherTA

COINBASE:BTCUSD is back to test the 200 day moving average for the second time in last few days. First time, we saw a good rejection from 200 DMA which was promising but now it's back where it started. If it closes below it this time, it'll signify further weakness and any chances of recovery in near term would diminish.

YetAnotherTA

Not a pretty picture, is it? I hope it's just a shakeout of weak hands and not truly a breakdown. The price has clearly closed below significant lows. Only saving grace is that the yesterday low is around 38.2% retracement of the rise from lows of August 2024 (sub 50K level). Let's hope it reverses for good from here. If not, it's not just #BTC that will fall...

YetAnotherTA

CME:MBT1! is trying to hold on around 92K levels. If this is breached on the downside, it runs into the risk of falling much lower towards 74K levels. Keep an eye HODLers!

YetAnotherTA

50% and 61.8% of Y should be good levels for Z (of larger W) to complete and NSE:NIFTY to reverse towards 24K in larger X. Watch out of these levels.

YetAnotherTA

NSE:GRASIM hourly chart shows head and shoulder breakdown in hourly chart. Most H&S breakdowns are followed by retest so chances are there would be an attempt to reclaim the neckline resistance.

06:07

YetAnotherTA Updated 

BITGET:PIUSDT is the new crypto kid of the block and everyone is talking about it so I thought I will take a shot at it and see how it looks from Elliott Waves perspective. Watch the video to know the important levels one needs to watch out for along with tentative counts.

YetAnotherTA

BITGET:PIUSDT chart is setting up nicely for a bullish up-move, if 0.68 holds which happens to be the wave 2 low. If these counts are correct then we have completed minor wave (1) of larger 3 and (2) of 3 is in progress. That leaves wave (3) of larger 3 to start which should cover most of the distance towards wave 1 and 3 equality around 4 usd.

YetAnotherTA

COINBASE:SOLUSD has been a nightmare and has fell significantly in past few days, much more than #BTC and #ETH relatively. But I can see a potential leading diagonal (3-3-3-3-3) rise. It the retracement of it holds above/around 61.8% which also happens to be the wave 4 low (165.945) then the next leg up should start which would give more insight into whether...

YetAnotherTA

NSE:CASTROLIND formed a slightly tilted H&S followed by breakdown and now retest seem to be in progress. Depending on how the day closes, this could be a nice shorting opportunity. As per the size of head, target would be around 125. However, due to the left side tilt (which reflects lack of extreme weakness), it would be prudent to go with a smaller fall, if at...

YetAnotherTA

COINBASE:BTCUSD is retesting the 91-92K zone and if it is breached then we can expect further downside. On the contrary, if it holds then we can expect the upmove to continue beyond 100K. Wait and watch ...

YetAnotherTA Updated 

HIGH RISK KRAKEN:TRUMPUSD seem to be giving early signs of wave 2 completion and potential beginning of wave 3. If it doesn't fall from CMP and breaches 39.220 then it could be a low risk entry for a potential target above 100 with a stop at 30.330. But if the wave 2 low is breached without breaking 39.220 then its likely that wave 2 is still not done. Trade...

YetAnotherTA

This is an update on the view I shared yesterday on KRAKEN:TRUMPUSD Looks like we can count 5 waves up now of a minor degree and currently in retracement (wave 2) of it. Once it takes out the minor wave 1 high of 48390, it would further strengthen the view that next impulse up has started with a target beyond 100.

YetAnotherTA

KRAKEN:TRUMPUSD has been in news so it caught my attention. It shown clean EW structure so far. 5 wave impulse up followed by corrective phase which is either WXY (double zig zag) or potentially WXYXZ (triple zig zag). I have marked the second X with a question mark since it's still not clear if the correction is over. Having said that, once this correction (WXY...

YetAnotherTA

5 waves down in NSE:NIFTY so trend remains downward, though it seem to have started pullback of the down move. Unless we break today's low in morning tomorrow, chances are tomorrow we would see pullback on the upside.