A typical bear market rally consists of upbursts in quick fashion. If the first 5 waves down weren't so obvious I wouldn't have gone for a ABC in retracement. And now looking at it it doesn't make any sense. The overall crypto market shows a lot of strength. So for this to play out there must be coming an unforseen event.
Dear colleagues, I assume that the price has not completed the formation of wave 5. At the moment it is possible to move to the area of 61.8% Fibonacci extension level 1940.697. This area may be the minimum and the price may break through it. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear colleagues, perhaps the price is completing the correction A and very soon will start the movement of the wave B, which will reach the 50% Fibonacci level 33178. It is possible that before that the price will reach the resistance area 34042. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Are we getting close to our first real correction since the beginning of the pump of September? As you can see in the graph, I decomposed the BTCUSD in elliott waves in 5 different timeframes. Here are the details of the decomposition: 1W: decomposition of 3rd wave monthly 1D: decomposition of 1st wave weekly 4H: decomposition of 3rd wave daily 1H:...
Elliott wave count on Gold suggests additional upside as we seem to have had a three wave move in what could be a wave {ii}. Feel free to ask question, leave a like if you enjoy the content, Trade Safe!
Dear Colleagues, the price continued the formation of wave 1, so we saw strong growth. At the moment, I believe that the price may be finishing the formation of wave 1 and very soon will start moving towards the area of 50% Fibonacci level 150.200. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
This is why it could be done already Matches perfect for an expanded flat! If this count is incorrect ==> Check my related idea at the bottom I hedged my long position with a short ==> Entry $36,580 Good luck all <3
Dear colleagues, the price has almost reached the strong resistance level of 1954, which was formed on October 24th. In addition, the 5 wave structure is almost complete. I believe that the price should reach at least the 1957 area. This area is the minimum of wave 3. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear colleagues, I predict that the price is in wave 3. I expect that the price will reach the area of 100% Fibonacci extension level 1967. A small correction to the area of swing 1975 is possible. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear Colleagues, after breaking the structure, I came to the conclusion that the price will probably fall even lower. I believe that wave 3 will reach at least the area of 78.6%-100% Fibonacci levels at 79.17. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear Colleagues, I predict that the price is in an upward movement in wave 1, which is already or will soon end. I expect the price to make a wave 2 correction to the area of 50% Fibanacci level 149.189. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
---Elliott wave analysis--- As you can see on the daily chart, There is an impulsive cycle from the low of 5960 that validates all the required rules of the Elliott wave principle given below: Wave (2) can never exceed the starting point of wave (1). Wave (3) can never be the shortest wave among (1), (3) & (5). Wave (4) can never enter the price territory...
Dear colleagues, I forecast that the price will continue its upward movement to the resistance area of 2003.6. It is quite possible that the whole upward movement is wave 1 of higher order. I expect to update the maximum and then I will draw wave 1, then I will wait for the correction. Manage your capital correctly and competently! Only enter trades based on...
Dear colleagues, I predict that the price will continue upward movement to the resistance area 1.07776. First of all, according to my markup, the price is in wave 3. This means that either wave 3 will continue or there will be a correction and we will see wave 5, which will update the maximum. Manage your capital correctly and competently! Only enter trades...
Dear colleagues, I predict that the price will continue the upward movement to the resistance area 1.24512. First of all, according to my markup, the price is in wave 3. This means that either wave 3 will continue or there will be a correction and we will see wave 5, which will update the maximum. Manage your capital correctly and competently! Only enter trades...
The GBPAUD currency pair is presently undergoing a bearish trend that originated from the level of 1.99734. My Elliott Wave analysis suggests that the market has likely concluded a five-wave sequence from Wave 1 to Wave 4, and the pair is currently within Wave 5. This is confirmed by the break of the trendline to the downside. This is similar to the GBPCAD...
The AUDJPY currency pair has been in a bullish trend since late March, commencing at the level of 86.065. As of the current analysis, it seems that the pair is undergoing a corrective Wave 4, indicating a countertrend phase. This correction is composed of subwave A and subwave B within the larger context of Wave 4. Presently, the pair appears to be in the process...
Cycle Wave V extended MIL:BTC elliot wave analysis Bitcoin’s first super cycle will end in 2030-35 with a bear market till Wave ② of V