This idea uses elliott waves . Also it is wykoff pattern in smaller timeframes Use risk managment . Buy from bottom is better than sell now
Yesterday candle proved me wrong that it is in subwave5. I look at the bigger picture again at daily timeframe and there are many possibility. So this time it is the first that I will go with neutral. 1. If major wave 2 has completed, you will see a bigger rally. I make a green square in the past and just copy to today to illustate timeframe. 2. If major wave 2...
2024-04-22 Bitcoin in April The infamous nonevent halving has passed as expected. All this wasted energy and anxiety about pre- and post-halving crashes, volatility, wherever they said, it was all nonsense of course. There has never been a statistical or logical argument for any of it. All bullshit. Like Q-Anon. April did bring some trading anxiety, however, as...
Here we have a classic 5 wave impulse followed by an ABC correction.
This is my idea. Ive used elliott waves as you can see it is C wave target to fibo 61 And it is wickoff pattern We will sell here and buy from bottom
Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...
The price of Bitcoin is preparing for a final drop to the downside, to 57k per my calculations! The price is still inside this bullish flag formation, and we still need to complete the ABC corrective pattern from the Elliott Wave perspective. At this point, I cannot be bullish at all, just be patient and wait for 57k to be hit before buying BTC! It's also...
Good Zone for buy. we are in a second wave of big Elliott wave pattern and we have a anti-shark harmonic pattern.
For ES1! bears, I'm looking at a double-three correction from low of 4963.50, with an expanded flat Y, to complete below 5194.25. For the flat, 3 is shorter than 1, so 5 needs to finish below 5194.25. As such, this count is invalid with price above 5194.25. Price is currently between .5 and .618 Fibonacci price points on the correction, so bears are definitely...
Comparison of BTCUSD and ETHUSD, bearish counts. Since their highs in March 2024, they both look like they are trying to form contracting diagonals (or wedges). For BTCUSD, it could mean an ending diagonal C to complete the flat. For ETHUSD, however, this would be a leading diagonal and would not make sense in the context of BTCUSD having an ending diagonal. The...
6 week trade: Expecting the C Wave to complete the 1.618 Fibonacci Extension to the downside. Stop sell set at high of 5/3 @ $514.
This year JPY hit new lows across the board in last few weeks even though BOJ decided to end its ultra-loose policy, by raising rates for 10bp in March. USDJPY broke higher, out of a triangle on a daily chart, so we know that this is most likely final leg with a higher degree wave III/C. In fact, there was a nice push up to 160 resistance not seen since 1990,...
ATnT ( NYSE:T ) looks to be have hit its bottom in August of 2023. It could be completing its first leg of an Elliot Wave pattern here which would send it toward $26/share by the 4th Quarter of 2026. This would be about a 66% return over the course of the next 18 months, not including Dividend distributions.
Recent Achievements: DXY has reached our previously set targets as mentioned in DXY Descent Alert: Path to 102.800 - 102.280 . Post-achievement, the focus was on determining the subsequent direction of DXY. Trend Line Breakthrough: Following its last ascent, DXY broke through the monthly trend line, a detail observable in our previous analyses, peaking...
First of all, this is not the prettiest C wave, but if you have the BTCUSD bottom in, then I think this is how you have to do it. Price action did not touch the median line of either pitchfork, and if that remains true, price action should turn back up towards ATHs. I would like to see price get above 62390.01 to rule out a diagonal C wave to have more confidence...
Watching UVIX break through its low of $8.37 this morning gives me confidence that market top is not in. The most bullish scenario now would see four separate impulse waves (in blue ellipses) since low of 4963.50. Pivots at 5022.25 and 5036.25 were both technical, bouncing off .618 fib levels. Bulls need to advance above 5200 with continued impulsive action, and...
At Xiaomi HKEX:1810 , unlike Alibaba, all financial data is in Hong Kong Dollars (HKD) since we are examining the stock on the Hong Kong Exchange. We observed a double bottom formation at 8.28 HKD for Wave II, which also coincides with the bottom edge of our Volume Node. From there, we've seen a significant rise, over 100%, in a relatively short period, with the...
Looking at Alibaba, we have set our entry at $71.66 and found ourselves within a consolidation phase, oscillating between $65 and $77.77 for around three months, the latter marking our short-term resistance. We anticipated a breakout through this resistance upwards and this is what finally got this week! Fundamentally, Alibaba holds substantial potential, and...