XAUUSD probably is forming an expanding flat pattern ABC (yellow circled) on wave IV ( blue) of an ending diagonal pattern in wave (c)(Red)
An additional backing analysis to my previous analysis of DOT/USDT
DOT seems to be finalizing it's wave (2) of the alleged main motive wave that was started back in Oct2023. I expect one last dip before the impulsive wave (3) starts. Getting in the green area would be a good buying opportunity in my opinion. The best stoploss would be under Oct2023 bottom but breaking the red line seems like a good close stop-loss. passing the...
Bitcoin is forming this bullish flag pattern on the daily chart, and we have a lifetime opportunity to buy Bitcoin at the bottom of the flag. What's more, we have a long-term trendline starting in October 2023, which is another reason to buy Bitcoin in confluence with multiple technical indicators. A lot of people are calling for Bitcoin winter, but I don't think...
Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...
Gold is extremely bullish and is expected to double its value in the next few years. We want to take advantage of this bull market and implement long-only strategies on futures. Right now, GOLD is breaking out of the descending channel, but I want to see a retest of it. The price broke out of this channel but created a fair value GAP. These GAPs tend to be filled...
LSE:TIA has been in a bearish trend since Feb2024. I expect it to visit the range between $6.5 : $5.0 before the correction ends. Passing $12.5 invalids the idea. The target if it either passes the invalidation point or drops to the buying range would be a new ATH. The cancelation is below $5.
At the moment I believe we are in a long term wave 4 within an overall wave 3. However this could be a very long re-accumulation stage before we hit wave 5 which will be insanely high. An ambitious end to this wave could be a dump/spring to 2075 (cannot go below wave 1) before it shoots up and my wave 5 prediction can reach fib levels of 1.618 @ 8648 or 2.618 @...
And I assume that is true, because otherwise, DXY would be trading much lower. Whomever(s) are responsible for one of the nastiest price corrections I have seen are undoubtedly ready to throw in the towel, after wiping the paint off their faces, because deep down they know, they will have to deliver the dollars. Unfortunately, unless they are in that process as...
It's not yet clear if the correction is over or not. Price is currently testing strong gray resistance. I'll consider the bullish trend is back once we break the purple level. The lack of RSI divergence still gives us a decent possibility that one more leg down is due.
Cosmos (ATOM) has been in a bearish trend since early 2022. I believe it should complete this bearish triangle before visiting the ~$4.5 area for the last time. If my counting is accurate then it should target a new all time high in the future.
FX:XAUUSD is consolidating above the important for the market level of 2378. Bulls are trying to keep the defense above this zone in order to continue growth on the background of weak dollar. Gold is recovering after leaving the correction channel. The price is once again near its highs (ATH), within the current move the price could quite possibly renew it if...
BINANCE:BTCUSDT has been showing bullish prospects all week and has been consolidating above key zones, preparing to go higher, but on Friday the market changed to bearish and there is a reason for that. BTC lost 3.3% on Friday and is currently painting a bearish picture. There are two reasons for this: Inflation related news, basically proving that...
#DYOR This is by no means a financial advice, rather it's my own personal opinion regarding the ETH/USD outlook that I expect to play out in the coming week.
📉 BTC-USDT with Elliot Wave Theory Analysis 📈 I've been advocating for Elliot Wave patterns this cycle since I spotted similar fractals across crypto charts. I've been following fractals on SOL, DOGE and BTC - and they have all been extremely reliable thus far. As I've discussed in previous posts, BTC normally stops at a -30% correction. That will put us HERE...
- Gold is moving very impulsively to the upside - We're more than half way into the move - The projection now is that gold will reach 2500-2520 without major pullacks
Yesterday we took a look at altcoins that are not doing great - today we'll list a few alts tat are performing well and still have further upside potential. 👍 TRBUSDT 👍SOLUSDT If Solana can CLOSE above $150, it is highly likely that the Elliot Wave theory is still in place: 👍 RUNEUSDT 👍 BNBUSDT BNB is looking strong, it's likely we'll see a new ATH...
It is interesting to study the Production/Accumulation/Distribution/Industrial Demand as well. Silver seems to hit a breaching point where physical prices have a premium about +45% for buying it and +20% for selling pure silver bullion coins. Troy oz./oz. is about 1.10, which should reflect a recomended trading price of 25.4$ per troy oune. Anybody able to buy at...