syedhamza2135

syedhamza2135

As posted in March 2024 about the upcoming 3rd BTC rally. The 3rd rally has been a strong one so far, but the music is slowly fading and its about to end. For now, the LTF price action is shifting towards bearish. If this wave is not extended soon, we are on our way to 80k territory which would be the best case scenario. Otherwise it will be the start of bear...

syedhamza2135

Wave C has retraced more than I was expecting, but it is just near the optimal range where Bulls are back into euphoria and Bears are afraid to short. I am expecting to see a downward push soon, otherwise I have my clear invalidation level for this scenario. My overall downward target for this remains the peak made in COVID rally which i have shown in my previous...

syedhamza2135

Currently I am inclined towards the market making a Wave C of ABC flat correction. Although its still holidays week so we can see choppy market during this time.

syedhamza2135 Updated 

Couple months ago, I published my US30 Elliott Wave analysis stating the start of upward move which we saw in the past months. Today, I am publishing the Elliott Wave breakdown of the upward move we have seen in past months which was anticipated in previous idea. Coming to the point, it seems the rally is about to end and the correction is about to start. I am...

syedhamza2135

The above chart is my main hypothesis for the Elliott Wave count of Dow Jones which represents the Elliott Wave Analysis of the Bull Market Post 2008 financial crisis. Kindly read all the details to better understand the Elliott Wave analysis and how Elliott Waves can be used to give us an edge in trading. Currently it looks like we are in an Ending Diagonal...

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**Overview:** In the wake of our recent Bitcoin bull rally projection, a critical juncture required close monitoring. The latest chart update suggests that while a short-term correction is anticipated, the overall bullish sentiment for Bitcoin remains intact. **Key Insights:** 1. **Critical Point Monitoring:** - In the previous Bitcoin post, a chart update...

syedhamza2135 Updated 

In my previous BTC analysis, i have mentioned about the bullish case for BTC commenting on that idea that incase we are in bull market, the correction was over at the last low. Here is the bearish case for BTC which can lead BTC towards 30K. Its invalidation is if the market breaks the mentioned wave 2 area. Confirmation of bear market would be by breaking below...

syedhamza2135

**Insights Unveiled:** Embarking on a comprehensive journey through NASDAQ's post-2008 bull market, specifically honing in on the unfolding 5th wave and its intriguing ending diagonal dynamics. As we approach the conclusion of wave 3, it's time to delve into potential short-term opportunities on the horizon. **Cracking the 5th Wave Code:** 1. **Wave 1 &...

syedhamza2135 Updated 

The Wave structure shown in the above chart is my main wave count for BTC for time being. I am expecting upward rally to continue. The chart is self explanatory. On lower time frame, Wave 1 (not shown in chart) started from the low where the corrective wave count ended. I am expecting we are still in wave 3 on LTF despite being bearish for past ~45...

syedhamza2135 Updated 

The wave breakdown of the current bullish move has been drawn in the chart. As we all know this wave breakdown is of the 5th Wave of Diagonal which I can see to be most likely an Ending one instead of Leading. In any case, once the upward trend has finished its course in upcoming weeks, we can very well see a medium to big bear market taking over starting from ...

syedhamza2135

The recent Bullish Move caught many by surprise. And people have their hands dipped in longs, but the overall market structure says otherwise. If we were to go into Bull market, we should have done so a couple weeks ago. Instead the supposed correction turned into Leading diagonal. I was not expecting the Wave B of our flat to retrace this low, but it did. You...

syedhamza2135

In the previous Dow Jones analysis I shared some weeks ago, I was expecting market to continue its bullish move more than what it did. But since I bought near local low at that time, I was able to get out of that trade in profit. The market then formed Triangle pattern and decided to go downhill from there which we have been seeing recently. Last Friday, I was...

syedhamza2135 Updated 

I have been keeping a close eye on Dow Jones ever since it was about to finish its Wave 3 which I mentioned in my previous analysis stating that the correction is incoming. Right now, I am anticipating bounce from current region as much as 100%+ of Wave 3 making the overall market structure to be Expanding Diagonals. I have mentioned my primary Wave and Sub-Wave...

syedhamza2135 Updated 

I have been waiting for the short entry for quiet sometime on US30. I was expecting it to fall down yesterday after completing the wave structure, but it was not able to hit the minimum upward target of Expanding Diagonals we are seeing in our last wave. I am expecting US30 to move upward 1 last time from here followed by the downward correction which can last...

syedhamza2135 Updated 

For quiet some time, I have been looking for short opportunity on $BINANCE:BTCUSDT. I am aware that the Bears are going to catch everyone by surprise. For sometime, even before my Long trade 5 days ago, I have been looking at this scenario on BTC and wondering what if, the upward correction did not start 5 days ago, rather it started quiet a while ago as an ABC...

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In the above chart, I have shown the Converging Diagonals which started in mid of April and are the start of a bigger downward move. Wave 2 of this diagonal consisted of Triangular Waves while Wave 4 consisted of Zig-Zag . The last Wave 5 of this downward move is a bit complex amid the yesterday's FOMC and CPI the day before yesterday. It turned into...

syedhamza2135

In my previous post on US30, I analyzed and talked about the upcoming Bullish Move which has been going on for the past couple weeks. Although, it seems this bullish move do not consist of Elliot Impulse Waves , instead it consist of Corrective Waves . The Converging Diagonals shown in the chart are showing that the upward Wave W , which started from 25th...

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In my previous OANDA:XAUUSD analysis, I talked about the upcoming correction waves and traded the Wave A of correction myself. Later on, for the past 2 weeks, the Price action on Gold was messy with no clear indication so I have been waiting for the Wave B to complete since then. Now it seems, the Wave B is near completion, maybe by tomorrow. The ...