There is almost no doubt that Bitcoin will continue in the bull market in 2024/2025. After the ETF approval, Bitcoin is going up as institutional investors gain confidence in this type of investment. But what all people want to know is when to sell Bitcoin and prepare for the next bear market. Bitcoin's bear markets are very devastating, and the usual correction...
Bitcoin is preparing for a pretty significant crash (in June). Why do I think so? We need to look at the previous price action because in May, Bitcoin pumped by 25%. If we take a look at May's price action, we can see that the uptrend created a FVGAP at 62k, and these gaps tend to be filled sooner rather than later. This is, of course, not the only reason why I am...
FX:XAUUSD reduces volatility and shrinks into a narrow range before the news. US GDP did not play any role and traders are waiting for the general fundamental background. Locally, the downtrend. The trend is downtrending, but on yesterday's news the price is trying to break the channel resistance, forming a consolidation of the price above the line. But if...
Eth currently still playing the range and is in the distribution phase leading into a retracement 2 routes 1 . She pulls down around 50 to 618 % of the current range she made to then go higher :light blue route 2. She retraces down to collect the equal lows then accumulates to expand to make higher high : dark blue route And for dxy correlation… Dxy is...
FX:XAUUSD is updating the low and forming a false break of support. Fundamental and technical background is negative. A quick retest of 2328 may lead to a fall, but there is NEWS ahead! Before the news, gold goes into a local flat 2360 - 2330. The market is gathering potential and liquidity before the news. GDP and Initial Jobless Claims are ahead. This time...
Price is still following my predicted path as of now. Should price make a high above wave 2 at $10.67, that would signify that wave ii most likely isn't actually over and could head to the $11 area. If it continues to follow along with my projections, then we are headed to the $8.77 area within the next few trading sessions. MACD on both the micro and larger time...
Hello traders! 📈✨ Today, we're diving into a comprehensive Elliott Wave Modern analysis on the DOGEUSD weekly chart (W1). With our two-window setup, we are comparing the current market behavior with a historical bullish trend from December 14, 2020, to May 3, 2021. Let's break it down: Right Window Analysis: Period: December 14, 2020 - May 3, 2021 ...
Hello friends today In Bitcoin currency, we have a 5-wave pattern that is completed by waves 1, 2 and 3. Bitcoin is definitely completing wave 4. Wave 4 is forming in the form of a triangle pattern, which is very common in wave 4. Now the 4th wave is completing its D and E waves. Therefore, we are waiting for the completion of these microwaves, and then the price...
Looking at a possible Elliott Triangle Wave 4, with key supports at 67125.40 and 66317.75. Price needs to stay above 65541.11 for impulse wave off 56547.64 to remain intact. Key resistance at 70623.35, 71939.10, 72756.63, and ATH 73757.39.
Based on the current price action, it seems wave 4 is over, bounced on the previous resistance level ($66k-67k) and now beginning to slowly approach the wave 5 target, which is in area of 123.6 – 161.8% wave 4 fib. If the target area hit, the monthly close would be beautiful. Disclaimer : this is my first time using Elliott Wave, so NFA.
l selling Gold at POI . because the market structure remains at four hours Bearish
Nvidia has formed a macro elliot wave pattern, Bitcoins chart fractal overlay displays similar macro peaks and valleys.
FX:XAUUSD is still bearish. The price is trying to leave the corrective range, which is formed after the false breakdown of support. The market is preparing to go lower. On the 1H timeframe it is becoming clear who is showing dominance in the market. There is no strong buy yet, apparently, before the GDP and PCE publication on Thursday and Friday, no one...
Dxy currently expanding into the 4th leg of the macro bearish Elliot wave Looking for distro within the green lines then retrace down for the last drop down to the 5th leg Elliot wave combined with harmonics perspective Dxy expansion means Usdxxx pairs are bullish Xxxusd pairs are bearish (yes that includes crypto ;) Then once dxy makes the lower high it...
1. Everything fits perfectly into place from a Fibonacci POV. 2. Jamie Dimon (who likes to give passive bearish opinions) said today that he thinks Private Credit debt investments, like BCRED, Pimco Flex Cred, which are basically Privatized bonds, could become an ugly nightmare for grandma's or innocent investors, that are trying to get their money out and can't...
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
Hello friends In digital currency Cardano(ADA) we are witnessing the formation of a 5-wave Elliott pattern. Waves 1, 2 and 3 have been formed and completed. Wave 4 is forming. According to the formed pattern, we are probably facing a triangle, which is very common in wave 4. Therefore, to complete this pattern, we expect to have a growth up to the range of 05000...
As per this count, currently the price seems to be in wave (v) of circled black wave iii. Appears to be a clear Elliott Wave pattern with invalidation level sitting at wave i high. 1.618 extension of circled black wave i at 3259.60 could be used as a potential target WIll update the chart as price develops further. Thanks for reading!