Analysis for Ethereum, still has potential to move up especially with more and more investors looking at this and feeling the FOMO.
Looking for a double bottom reversal at this level. If price breaks below then i will readjust this wedge pattern. Please see analysis here:
Black trendlines for pattern. Blue trendlines for areas that i want price to break above. Bigger Picture below:
Short from here i believe, please see my previous chart idea for full analysis. This short will create a "false breakout" with a wick on the weekly/daily time frame I will post it in the related ideas section and also a link here. Firstly, some screenshots: Please Previous Chart Idea for the reasons behind this move and set up. Link here:
Hellloo Fellow Traders! :wave: i've been calling this short for a while now due to believing that the corrective structure on the weekly is complete. However instead of the Impulsive Short Waves beginning, it appears that we have created a wedge/triangle/diagonal pattern as a transition play. As i see this area as being the end of the bigger B corrective, this...
Been calling this short for a little while now. I believe it will break below, otherwise it will continue it's diagonal pattern. I am leaning towards the fall though. We have to also remember that we've broken below the 4 hour H&S neckline, came back up to test it and fell again. Look at the 4hour and daily price action. Follow the trend here guys.
Hi Fellow Traders :) My bias is that we are in a final C leg for the bigger correction of ABC on the weekly/Monthly Timeframe. Hence, within this C leg down it's either an 1. Impulsive 5 wave or 2. A 5 wave diagonal. With this in mind, i have created the following set up that takes both of these scenarios into consideration. Now onto the current...
Hi fellow traders :) This is what i think with Bitcoin . We have one last leg (Wave 5) down to complete a 5 wave sequence to the downside to complete Wave A Correction. After the Wave A correction we will see a spike up to begin wave B Correction. Further Analysis as we proceed through time. Stay tuned for updates. Please see below for another picture/view of...
Short continuation from here i believe. Please look at photo below and previous chart ideas for more information for the larger trend and direction.
Hi guys, this is what i see with GOLD at the moment. Check my earlier chart ideas for a more bigger picture analysis however in this current state i believe that Gold is completing it's final, yet smaller wave 5. Price has breached my two targets and now reaching the third target as shown in the picture. This price point also coincides with a rejection off the 4...
Hi everyone :) This is the set up that i see. Currently undergoing smaller wave 5. Will complete at one of the targets. Each target has it's own reasoning behind why it could be the end in terms of the PSYCHOLOGY of the markets. At the end of this Wave 5, price will reverse and we will most likely see a sharp ABC correction up to "show" or "fool" the bulls into...
Hi guys, here's what i see with gold . I believe wave 1 will complete soon and begin retracing for wave 2. Once wave 2 is complete, I believe we will see wave 3 with fierce strength go down and break the Head & Shoulders neckline and therefore give us a BIG move down. I'm personally going to hold this for a while as i see a HUGE short incoming on Gold . Please...
Analysis: Because price has been ranging in this area for a while, it is a viable option to use the 4hour chart to base our patterns from. - In my opinion, based on my larger frame analysis and where we are at, I'm looking at two options for price action: 1. As you can see in the screenshot below, i have drawn two upper trendlines as you can see the MOST upper...
Check full analysis by clicking the photo/link below: 1 minute in update:
Possible long set up for a 3 leg move of ABC to complete points D - E See more from link below: Please like and follow if you like :)
As we can see from chart during the New York Session on Friday we completed the pullback and were granted 2 entry positions for a continuation of the short position we held. Entry Positions: 1. The first with a third tap off an important trendline. 2. The second entry off the "E" point of an Expanding Triangle. It is a good idea to put your stops into...
If you like it, please give this a like and follow :D I would love for you to see the more detailed analysis i did from yesterday including detailed explanations of Elliot Wave paths on different time frames and alternate options for price to move this upcoming week. Thanks and happy trading guys!!