I'm using Eliott wave theory to try see where we are right now. and currently my view is we are on the way to correction 4, before another rally to 5. lower target 2930 then higher target >4360 (if break new ATH, price discovery) NFA DYOR
After long Bear Market way down and we can see the trend of new Lower Lows and new Lower Highs, BTC starting to go lost momentum since Jun 2022 until Nov 2022. Starting Nov 2022 we start seeing sideways, low volatility sign looks like consolidation until Jan 2023. Then its start rally from 16.7K to hit back 25k, if BTC could break 25K and get support, next target...
Since 3rd Jan 2022, S&P500 has been a big correction, many says its a Bear market, to show this, i've drawn trendline so, we can be more focus on seeing this descending broadening wedge . with theory of ABC correction, as we can see the correction have a lot of ABC, with this theory, i believe we are on process relief rally from 1st degree B, 2nd degree C, 3rd...
If we see here, USD has gain momentum to breakout the IDR resistance that holding USD value not over 14.600, since ending 2020 and beginning 2021, only once tested in 14 Apr 2021. But, now we can see that Resistance has broken and USD seems to test the ATH in 2020 around 14.975, when we know due covid and stock market is super volatile. If USD broke the 14.975,...
BTC in multiple Time Frame Weekly: BTC still in macro view Bearish, but confirming pattern in Descending Wedge (Bullish pattern). with Support 18k. If Support is Broken, 12k the next target. If Resistance is Broken, Rally to 30k Daily: Several weeks, BTC rally from 18k to 25k, confirming pattern Ascending Wedge (Bearish Pattern). Target of Correction Short Term...
IHSG after set high record in 7354.08, got corrections by breaking ascending wedge pattern from 7246 and hit the TARGET 1 to 6596 (5% from body ascending wedge). After that, breaking down the ascending channel and found support at 6511 (wave A), rebound to support that flip as resistance at 6957 (wave B). if we break support 6860, then probability the drop will...
From super volatile moves, BTC already in sideways since 12 May 2022, almost 2 weeks, we dont see any more big moves from BTC, currently BTC still on the Seller territory. so, we need to be cautious and wait and see for the next move.
BTC Bear Flag breakdown at 5 May 2022, since then price action showing down trend continuation from the bear flag. Calculating the Pole before Flag, with 2 possibility: 1) 100% from D, so the next target to be reach probably around 23k-24k. Confluence with trend Fibonacci 1.272 2) 100% from E, so the next target to be reach probably around 18-19k. Confluence with...
BUKA after long correction shown a familiar pattern of Head and Shoulder. Price Actions is showing momentum change from correction to sideways. if this pattern is valid, Price target for BUKA would be IDR 510.
BTC Pattern: Bear Flag Condition: Finishing the wave D and going to wave E Expectation: Expecting the Wave E would be Ascending Wedge, where it could possibly force to market capitulation or worst. Invalidation: BTC break resistance and make base on top of the channel. Reason: after FOMC, and FED rate increase to 1%, overall market is rebound, but DXY still...