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Bitcoin appears to be in its fifth wave, signaling new all-time highs (ATHs), though likely not significant ones, as fifth waves often form as ending diagonals. On a larger scale, the completion of this lower-degree fifth wave suggests that the broader third wave is also reaching its peak. If this holds true, a higher-degree corrective phase is on the...

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The current price action is facing a couple of resistances, one from a trend line and the other from an unmitigated breaker block. Considering this, along with the completed Elliott triangle wave, it seems likely that a complex corrective pattern could be forming (wxy). Based on this scenario, we could see the price fall towards the breaker block, possibly even...

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Automated/Algorithmic Trading Automated trading, also known as algorithmic trading or algo trading, has transformed the financial markets over the past few decades. By leveraging computer programs to execute trades based on predefined rules and strategies, traders and investors can achieve greater efficiency, consistency, and profitability. As technology...

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elliott wave analysis of bitcoin on daily timeframe the latest move/wave does not look like an impulsive move but rather a corrective move as a result, the idea of bear continuation and new bottom occurrence probability shall not be ignored. If it is the case, then we may assume that the market might be in a accumulation phase for extended period of time (as...

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Timing when day trading can be everything In Stock markets typically more volatility (or price activity) occurs at market opening and closings When it comes to Forex (foreign exchange market), the world’s most traded market, unlike other financial markets, there is no centralized marketplace, currencies trade over the counter in whatever market is open...

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elliott wave analysis of bitcon on daily timeframe looking at the chart there could be a possible zigzag formation (5-3-5 structure), labeled with red ABC on the chart currently, in lower degree abc correction is in play and wave B on higher timeframe. depending on abc formation, here is what to be expected - if abc is forming zigzag formation then we may...

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The Elliott Wave Principle at its core consists of motive waves, movement in the direction of the larger trend, and corrective waves, any correction against the main trend. Market prices alternate between a motive phase, and a corrective phase on all time scales of trend Please refer to Elliott-Wave-Theory - Motive-Waves post covering rules and tendencies...

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Elliott Wave Theory , developed by Ralph Nelson Elliott, proposes that the seemingly chaotic behaviour of the different financial markets isn’t actually chaotic. In fact the markets moves in predictable, repetitive cycles or waves and can be measured and forecast using Fibonacci numbers. The very basics of Elliott Wave Theory ; The Elliott wave principle at its...

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assuming elliott wave 4 is not completed, then the current market view is likely to be in redistribution phase and price action can take place as in the wyckoff redistribution schematic further details available on the chart alternatively, if elliott wave 4 is already completed then we are already in wave 5 and heading towards new ath please note that this...

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Elliott Wave Principle , developed by Ralph Nelson Elliott, proposes that the seemingly chaotic behaviour of the different financial markets isn’t actually chaotic. In fact the markets moves in predictable, repetitive cycles or waves and can be measured and forecast using Fibonacci numbers. Elliott wave predicts that the prices of the traded financial instrument...

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Institutional investors have a profound impact on financial instruments prices because of their large volume trading activities. They can greatly impact the price of financial instruments, however making a material impact and hence decreasing liquidity to the point where there may be no one to take the other side of the trade is not something they desire. To fill...

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Heikin Ashi candlesticks gives a smoother appearance by reducing some of the market noise, hence making it easier to spots trends and reversals. There is a tendency with Heikin-Ashi for the candles to stay red during a downtrend and green during an uptrend Heikin-Ashi calculation uses a formula based on two-period averages How to read Heikin-Ashi candles...

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please not that the analysis provided herein is not a financial advise

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A quick analysis with Elliott Wave : possibility of a deeper pullback till the monthly Central Pivot Range details on charts

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The Raff Regression Channel (RRC) The Raff Regression Channel , developed by Gilbert Raff, is based on a linear regression, which is the least-squares line-of-best-fit for a price series, with evenly spaced trend lines above and below . The width of the channel is set by determining the high or low that is the furthest from the linear regression. Because...

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Linear Regression Channels A brief info of what Linear Regression Channels are and introduction to Linear Regression Channel / Curve / Slope Indicator Study and one example where Linear Regression Channels are involved with other indicators Pick a Pivot Brief Info Linear Regression Channels are useful measure for technical and quantitative analysis in...

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Fibonacci tools are in general a method of technical analysis for determining probable support and resistance levels calculated using ratios (23.6%, 38.2%, 61.8%, and 78.6%) that are derived from Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21, …). Fibonacci levels are presented in variety of forums, such as horizontal lines, vertical lines, trend channels , ...

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The Fibonacci Channel is a technical analysis tool that is used to estimate support and resistance levels based on the Fibonacci numbers. It is a variation of the Fibonacci retracement tool, except with the channel the lines run diagonally rather than horizontally. The tool is used to aid in identifying where support and resistance may develop in the future. If...