Wave Analysis
Bitcoin - Why is everyone wrong about the upcoming moveEveryone is turning very bullish again on BTC and altcoins. I really don't think it will be that easy; the whales need liquidity and make money before pushing the price higher. From a technical perspective, there is no confirmation of an uptrend, but let's take a look at the details.
First of all, let's take a look at the huge ascending channel. The price respects both trendlines very precisely. On 17. December, Bitcoin hit the top of the channel and got rejected from it. It would definitely make sense if the price now retests the middle of the channel, which is currently at around 85k.
Second, we still have a completely unfilled and untested FVG (Fair Value GAP) on the daily chart. This GAP is between 85k and 77k. This price action should be tested.
Third, we have a pretty significant head-and-shoulders reversal pattern at the top of the trend. This pattern looks pretty solid, there is a lot of liquidity below it. All stop losses from traders and liquidations on the futures market. If you see multiple swing lows next to each other, you may be pretty sure that the price will go here and sweep the liquidity.
Fourth, from the Elliott Wave perspective, we have finished wave (3) of an impulse wave larger degree. We should make an ABC correction, so I think we are in wave (4). After we finish this correction, we start wave (5). This will bring the price of Bitcoin to an all-time high. I expect Bitcoin to hit around 125k.
Fifth, let's take a look at the RSI indicator. On the daily chart, there is clearly a downtrend. The line makes lower lows and lower highs. Also, we can see a bearish divergence. This is not an uptrend, but a downtrend.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Gold next push to the upside or downside. 😌 Price has bn playing around last week high.
🫴🏻If price breaks the previous week high 2658.40 and a close above it, there's a higher probability 💯 that price is going to clear the liquidity above 2692.76 and get to the daily point of interest 2706.89 💫
🫴🏻If price did not breaks the previous week high with a candle closure above it. I am anticipating price to clear both this current week Monday's Low 2614.76 and previous week Monday's Low 2596.12.
🫵🏼 Watch out for this. The simple thing is to let price do what it wanted to and you trade what you see.
Please bost if you find this one insightful.
SILVER Bullish Bias! Buy!
Hello,Traders!
SILVER is trading in a local
Uptrend and the price is
Consolidating above the
The horizontal support
Level of 29.89$ so we are
Locally bullish biased
And we will be expecting
A further bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
GBPUSD BULLISH SHARKThe Harmonic Pattern SHOULD NOT be used in isolation.
Combine it with 2 or 3 other confirmations to have an extra edge.
(Moving average cross, Bollinger bands, RSI, stoch ... Basically any other indicator/system you're very familiar with).
- Use Proper Risk Management on each trade.
- DO NOT expose more than 3% of your capital on each trade.
Hints of a Possible 3rd major wave down. In a recent OTHERS publish I made, I explained that there is a possibility that a 3rd major wave down has not formed yet. Clues are starting to appear that demonstrate that this could be the case.
Potential Clue: Newly formed candle developed underneath the SUPPLY LINE.
I do expect to see a small time frame 5 minor waves down until we see the bottom of this potential large time frame 3 wave correction.
I have suggested 2 areas of possible support, but this is only a suggestion, as MM's are really having a ball this cycle.
DIPS are showing up everywhere, I feel like a kid at the candy store. But always remember to trade with caution, not off emotion. Good luck traders!
-Not Financial Advice-
Previous Publish
ETH Correction: Accumulation Zone Ahead
Ethereum has broken below the key support zone on the 4-day timeframe 📉
With the ongoing Bitcoin correction, ETH may continue to retrace toward $2,807.13, offering a potential accumulation zone before a rebound 🎯
This setup signals a possible deeper correction before bullish continuation resumes! Stay cautious.
A retail trader's insight into IchimokuThis is my first time publishing what's on my mind. As you can see in my chart, the last few trades I initiated using the Ichimoku system were bangers. How do we know when to take profit? Generally I set a hosoda wave profit target, and limit out slowly. However I always fall into the same trap and exit a position too soon. Today I held off on exiting my long from yesterday and I did take some profit, but set the stop loss to break even. It did trigger, and as you can see I should have opened a short. I don't know where this one will play out, but it looks like there is no opportunity to long yet. I will examine and watch the 5 minute for any signs of life. Still hoping for a big dump to 88-85k where I can open a fresh swing long. I know people hate the idea of BTC going down that far, but usually this time in the cycle we get a big shakeout.
Here goes nothing.
Long trading idea on $MCHPLong trading idea on NASDAQ:MCHP
Reasons to buy:
The stock has arrived at a strong support level, maintaining its long-term uptrend.
We're not far from the all-time high (ATH), offering a favorable risk/reward ratio of 1:18 until ATH.
Increased volume and the formation of a doji signal a potential reversal after a recent downturn.
Strategy: Partial take profits can be placed before reaching ATH, with the rest held for a longer-term target beyond ATH. Looks like a solid opportunity!
SHIB Accumulating for the Next Bullish Surge
SHIB is currently retracing within its ascending channel, approaching the key long entry zone around 0.00001623 🧐
This correction aligns with strong Fibonacci levels, providing a solid base for the next upward move 📈
🎯 Targets Post-Correction:
1TP: 0.00002800
2TP: 0.00003500
3TP: 0.00004170
The retracement is a healthy sign of accumulation before SHIB continues its bullish trend 🚀
XRPUSDHello friends
In the Ripple digital currency, we are witnessing the formation of a 5-wave bullish pattern.
Of course, this pattern can also be a zigzag with wave C extended!
But we assume 5 bullish waves.
Currently, waves 1 to 4 have formed and we are waiting for wave 5 to form.
If the price moves upwards from the 2.35 range, our hypothesis will be confirmed and we can enter a buy trade and set the stop loss at the 2.25 range. The price target can also be the 2.57 or 2.67 range, depending on the extension of wave 3.
But if it breaks down from the range, it will drop to the 2.14 range.
Good luck and be profitable.
Tesla - A Bright Future For Elon!Tesla ( NASDAQ:TSLA ) is creating a textbook break and retest:
Click chart above to see the detailed analysis👆🏻
Over the past couple of months we saw a rally of more than +100% on Tesla, perfectly following the bullish triangle breakout. Therefore it is quite anticipated that we will see a rejection at the previous all time high and a retest of the next support, creating a bullish break and retest.
Levels to watch: $400, $300
Keep your long term vision,
Philip (BasicTrading)
SAPSAP - Monthly from the beginning year 94 - Strong uptrend since '22.
A few companies determine the performance of the German DAX. One of these "tanks" is SAP. The chart seems to be on its way to 310.80 EUR per share, a Fibonacci-Extension in green. This level represents the end of Cycle wave III in green. After that the chart should form in three waves a 23.6-% correction in total as a flat.
In the chart you see the volume which is decreasing over a long time period. So the actually reached higher highs are formed with lower and lower volume.
Furthermore, the MACD is mentioned. This index forms typical negative values within a wave 2 which is an ABC-correction of the direction of the trend wave.
Its extreme value reaches the MACD always in the C-wave of the ABC-correction. Look in the chart, please. There are two results.
05-01-2025 _ Short Term Bearish Idea _ GBPUSD H41- Bearish trending Structure i.e Series of LHs and LLs
2- Range Breakout
3- Rising Trendline Breakout
4- Strong Support Zone Breakout
5- No divergence against.
6- Looks like pullback is happening right now
which will be followed by a push to the downside.
EURUSD Six months viewI think that can be usefull to think long term. This is my view for the next six months about EURUSD. I think that price is under accumulation, and this could lasts some few weeks. It can move in a range maybe till end of February/March, next i expect a slow rally for April till end of May/June. My final target is the 1.10 area, and i marked two areas where i will add some longs.
Good Luck everyone
Enphase($ENPH): Solar's Bright Future or a Cloudy Horizon?1/ 🌞🔌 Enphase Energy ( NASDAQ:ENPH ): Solar's Bright Future or a Cloudy Horizon?
NASDAQ:ENPH is leading the charge in solar tech with cutting-edge innovations, but does its valuation shine or blind? Let’s break down the numbers, opportunities, and risks.
2/ 📊 Financial Trends
NASDAQ:ENPH faced a 50% revenue dip in Q3, but their cash flow stayed strong. They’re targeting 31% growth in 2025! Earnings fell short last quarter, but a recovery could be on the horizon. 📈
3/ 💰 Valuation Check
At first glance, NASDAQ:ENPH looks pricey with a trailing P/E of 164. But with a forward P/E of 20.69 and a PEG ratio of 0.87, there may be hidden value. Opportunity knocking? 🚪⚡
4/ 👍 Strengths
Microinverters that set the standard and high margins to match. NASDAQ:ENPH isn’t just solar anymore—they’re expanding into battery storage and reshaping energy systems. 🔋🌍
5/ 👎 Weaknesses
Strong in the U.S., but where’s the global play? Heavy reliance on residential solar could limit diversification when competitors are branching out. 🏠🇺🇸
6/ 🌱 Opportunities
Untapped global markets, EV charging integration, and AI-driven energy management. If executed right, NASDAQ:ENPH has huge potential to light up the energy sector. 🚗🌐🧠
7/ ⚠️ Threats
Tesla and other competitors are moving fast. And let’s not forget the ever-changing solar policies—this industry evolves like the weather. 🌦️♟️
8/ 🔍 Final Thoughts
NASDAQ:ENPH is leading the charge in clean energy innovation. But with sky-high expectations and execution risks, it’s a stock to watch carefully. Are you betting on solar’s bright future? 🌞
9/ 📊 What’s Your Call?
NASDAQ:ENPH has potential, but the risks are real. What’s your move?
Buy for the long term 📈
Hold and watch growth 🔄
Too risky, avoid 🚫