After completing the first upward Impulse wave, we've seen a downward correction in the form of Wave A, followed by a complex correction Wave B forming an ABCDE triangle pattern. Now, as the triangle appears to be completed, we anticipate the breakout of Wave C to the downside, with expectations of it continuing towards the Fibonacci 61.8% retracement level.
Hi.
COINEX:BTCUSDT
😊 Today, I want to analyze Bitcoin for you in a 4h time frame so that we can have a short-term view of Bitcoin regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts).
➡️ As you can see, Bitcoin has completed its 5 ascending waves and now it is time for it to...
Hi
COINEX:BTCUSDT
✅Today, I want to analyze Bitcoin for you in a daily time frame so that we can have a Mid-term view of Bitcoin regarding the technical analysis. (Please ✌️r espectfully ✌️share if you have a different opinion from me or other analysts).
➡️ Chart is speaking itself.
According to the theory of Elliott waves, Bitcoin seems to have...
Hi every one
➡️ As you can see, GTAI has grown well since its introduction. After the broken of Falling Wedge, started 5 upward wave and successfully completed it, and then started a corrective wave, which it has now completed. Now it's time for it to start its upward wave, and considering that the price is now in an ascending triangle.
-Hidden divergence...
Price is currently testing the lower boundary of a daily bearish channel, the 78.6% FIB retracement level, and a long-term support area as well as bullish divergence between price and stochastic momentum oscillator in daily timeframe. This supportive cluster could potentially lead to the formation of a low around this price level.
On the other hand, the bearish...
Price is currently testing the lower boundary of a daily bearish channel , the 1 FIB extension level , and a long-term support area . This supportive cluster could potentially lead to the formation of a low around this price level.
On the other hand, the bearish move in price appears to be a corrective bearish ABC move , correcting approximately 61.8% to...
Bitcoin can reach 30k ,price completed its five ascending waves, also completed its ABC correction wave , and now it is time for the five ascending waves to begin.
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Russell 2k dumped 170 pips in August over a few weeks. Now we got retracement to the 0.382 Fibo.
Might squeeze up to the 0.50 Fibo. Start scaling in shorts in this zone imo.
Final leg down ought to be a measured move to ~1740 price zone. GLTA
USDJPY failed short term pennant (1hr)breakout targets and is also highly overbought weekly.
Possible top at play. Elliott wave pattern seems corrective. Big, but corrective.
I would wait for further confirmation such as another red weekly candle.
A potential bullish scenario : 1st ABC correction zigzag pattern with upcoming wave 5 of c-leg targeting 0.382 retracement of previous 5X motive wave move between 24-25K
However, wave 1 and 3 in c-leg are extended, wave 5 can be the shortest wave and truncation is still possible.
Action: A safer long entry can be placed when breakout downtrend line 2-4 or above...
I believe there's another leg down coming the Q'S. I have highlighted where it may reverse. There's a potential bearish harmonic bat completing in the coming days and weeks. Good luck!
As we can see BTC is behaving very simmilary of what XRP did after the SEC lawsuit in 2020. Wyckoff accumulation pattern is almost done, we just have to go through last boring phase, which could drag quite some time. We could be doing a simple ABC correction. Its a phase where a lot of retail will sell, specially those that bought back in at this recent 24k high....
It’s often interesting to find stocks making new highs when the market tanks. Today’s chart focuses on such a name: Harmonic.
Notice how the provider of video software advanced in late September and early October as the S&P 500 and Nasdaq-100 hit new 52-week lows.
That relative strength followed an Analyst Day on September 15. Heavy volume occurred as prices...
Order BUY MPWR NASDAQ.NMS Stop 347.57 LMT 347.57 will be automatically canceled at 20230401 01:00:00 EST
MPWR daily indecision candle after earnings and moving averages cross ABC correction looks complete whether a 5 wave setup up or grind in the bull flag we should hit at least 1.2R of we clear this candle from above.
Price action and chart pattern trading setup:
> This TF4H wave projection is indicating that after 5 wave correction forming A-wave now possible making a B-wave rising triangle pattern for uptrend correction.
> Target @ R1 is the rising triangle target +20% upside and R2 is the bullish flag target +40%, both are the potential B-wave correction target at 0.5 and...
