Time to sell it. Target for btc ~6000 - 10 000$ then long for corrective movement.
Good morning America! The work hours are coming to an end here in Zurich, and meanwhile our American friends are starting their work day. But don’t be fooled, today is a very important day because the Federal Reserve will announce their Interest rate decision and investors all around the world are eager to hear some comforting words from Chairman Jerome...
After a full 5-wave cycle, now is the time for a downward correction. Join me and enjoy the gold market with proper risk management. be profitable
As we shown on the daily chart, we expect 1(one) wave ((5)) movement in the next months to around 118. So the biggest odds are higher. If Dollar(USDX) breaks the last low wave ((4)), a double correction will take place. In this moment, the Right Side of H1 and H4 is turning up. We need more data to see a clear definition in USDX next movements.
Detailed technical analysis on Gold. Key levels to watch. Potential scenarios and thoughts. ❤️Please, support this video with like and comment!❤️
Everyone thinks that the bottom is in and we are going to a new all-time high, but in my opinion, that's definitely not true. In this analysis, I will tell you why! First of all, we need to take a look at the huge dump that occurred in 2021–2022 (from 69k to 15k). From the Elliott Wave perspective, it's most likely an impulse wave, not a corrective wave,...
Nasdaq Index is stuck between 2 solid structures. Depending on the reaction to the underlined areas, I see 2 potential scenarios. 1 - Bullish If the price breaks and closes above 12700 - 12900 supply cluster on a daily, I will expect a bullish movement at least to 13130 2 - Bearish If the price drops and closes below 12300 - 12500 demand area on a daily, I...
Bulls push EURUSD heavily after yesterday's Interest Rate Decision and FOMC. The price has successfully broken and closed above a solid horizontal supply cluster. The next solid resistance that I see is 1.099 - 1.103 area. Probabilities will be high that it is the next goal for buyers. For those, who missed entries, I strictly recommend waiting for a pullback...
Cycle from November 9, 2022 low in Ethereum (ETHUSD) is in progress as a 5 waves impulse Elliott Wave structure. Up from Nov 9, 2022 low, wave 1 ended at 1742 and wave 2 pullback ended at 1372.49 as the chart below shows. Ethereum has extended higher in wave 3 with internal subdivision as an impulse in lesser degree. Up from wave 2, wave ((i)) ended at 1489.50 and...
Bitcoin/ Btcusd probably resuming its “downtrend “ as price now @ major supply zone which formed by order Block/ flow. Seem like bitcoin and gold having a positive correlation ( same direction ) now.
Short Gold @ 1988 +/-. Where there is the upper border of daily red candlestick’s body after a long wick/ tail which act as strong resistance where price closing inside the stop hunting zone after hitting the zone.
Potential C point of shark at 29.4k. Target is .886 area at 20.7k
Bear market isn't over yet. Based on wave (W) and (X) we are going to get 3 wave move higher which will be end of wave (Y). Bear market will continue after completion of wave (W) (X) (Y) in red. Let's follow up closely...
Hello friends. We have shorted Bitcoin with a modest size. Our reasoning for this trade is that the new and surprisingly popular "Bitcoin to 1 million dollars in 90 days" narrative spawned by the unintelligible "Balaji" will lead to a correction since it is a sign of retail involvement. His narrative does not make any actual sense, considering that a collapse in...
On the chart we see a typical bubble in each phase. Note how long the distribution takes and how long the accumulation lasts.
The fact that the price did not touch the redline (the starting point of wave a) means that within the current scenario of abc flat only one option is possible - regular flat where wave c travels beyond the low of wave a but stays above wave (i) starting point. That places the target within a green rectangular boundaries. Of course this is a very, very speculative...
Looking at a 5 RR short, ideally I will wait for a distribution to play out and get in with a tighter SL than pictured.
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