BINANCE:BTCUSD , after a shake-up (False Breakout), relative to the liquidity zone of 59-60K, is forming a bullish impulse, which is also favorably influenced by fundamental reasons On the local timeframe there are signs of the end of the locational correction and the beginning of the formation of the third wave. The bullish trend is starting to revive, but...
Bitcoin is breaking out of the bear market structure and creating a new uptrend that will lead to an all-time high! This thesis is supported by the fact that after the halving event, Bitcoin always goes up (statistically, 100% probability). The halving event took place 1 month ago and cut the reward for mines by half. It's recommended to trade with the trend to...
OANDA:XAUUSD on the background of weak dollar and favorable fundamental background realizes the accumulated potential after breaking through resistance. The price is testing the global resistance of 2431. The market is bullish again, which was supported by economic news, mainly related to inflation. Technically, the gold is again interested in strong buyers...
FX:USDCHF is forming a false breakdown of range support and uptrend, which opens the market to buy potential. CHF is weakening stronger than the dollar and this could support the uptrend. On D1, the price tested the MA-50 ascending average with a false breakdown, as well as a strong support area at 0.900. Liquidity capture and candlestick set-up form the price...
Bitcoin finally revealed its direction and its bullish. On the chart we can see 2 parallel channels. The first one is currently breaking out and there is no doubt that the second parallel channel will break as well. Next resistance is exactly at the top of the first parallel channel, I am expecting a pullback from this strong dynamic line. From the Elliott Wave...
Hi traders, Last week XAUUSD went up again. I think this could be the end of the X-leg. So for next week we could see another drop to finish the bigger complex pullback. Let's see what price does and react. Trade idea: wait for a change in ordferflow to bearish to trade sells. At the moment it's still very bullish. If you want to learn more about trading with...
If you find this information inspiring/helpful, please consider a boost and follow! CRYPTOCAP:PEPE following the path I laid out. Not its at a discission area in my opinion. If it can hold this level I am thinking it will give another bounce. IF it breaks below the level I will be watching to see if the level plays again as resistance.
Hi traders, Last week EU went higher then I thought so I had to adjust the wavecount. The D-leg has now finished so this pair could drop. If this analysis is correct we could see a drop to finish the E-leg and after that a big upmove. Trade idea: Wait for a change in orderflow to bearish and trade sells after the finish of a correction up on a lower...
If you find this information inspiring/helpful, please consider a boost and follow! Busted above this level before. Now its coming back for a retest. That combined with the Elliott wave count. I think there could be a bounce here, for at least one more move to the most recent high. If price breaks below 7.70 swiftly, I think it may turn back into resistance.
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 2 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 2 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Hello friends In Bitcoin digital currency, we see the formation of multiple waves in the shape of ABC (zigzag). This pattern only appears in triangles. Triangles appear in wave B of a zigzag or wave 4, but considering that before these zigzags we see a wave that consists of 5 parts, so the theory that this triangle of wave B is a zigzag seems very strong....
TRB/USDT on low time frames... the target is $200 the stoploss is <$104
Here I have USD/CHF on the Daily Chart!! Now given its remarkable rise to its current HIGH @ .92242, followed by the strong drop to the LOW @ .9005 .. This week we've seen Price make a Fibonacci Retracement back to the Golden Zone meaning price is CORRECTING AFTER THE IMPULSE ELLIOT WAVE!! Now with Price working past our LOW, we could see price drop as low as...
This pair is completing wave 5, it is forming an ending diagonal which is a reversal pattern. We anticipate a buy as indicated with the arrow.
Here is the market outlook on Gold (XAUUSD) for next week from 20th of May to 24th of May. It is a clear projection of what is mostly likely to happen on Gold next week. In monthly timeframe there is a stronger gain this month almost covering the whole rejection formed in the April candlestick. This is a clear indicator of buyers dominating the price in this...
Disclaimer: I don't have a fundamental basis to actually believe in this scenario, but what I see on the chart I see on the chart. With that out of the way, the shown scenario of an impulse followed by a rather big flat correction, which might be done now, would be extremely bullish, since it would suggest new all time highs (that would be a 13x from here at...
Hello friends In Ripple digital currency we see a clear triangle. Triangles are usually seen in wave B or 4. Therefore, taking into account these two theories, we make a trading plan. Triangles are always followed by a trend reversal (even a limited one). Therefore, to complete this triangle, we first need a price rise to the 0.5700 range to complete the triangle,...