Its maybe ranging into a wave 4 (abcde: expanding triangle) of the bigger wave 5, heading below 89 after completition?
Hello everyone, It's been a good start to the year for BTC. Printing a new high above 42k, BTC has blitzed through my initial targets of 29.8 - 31.7k and 36.2k before falling short of the second extended target of 46.4K (please see linked ideas below). The target for 46.4k is still possible as well as a further rise into the 50k zone, more on that if/when the...
To complete my previous analysis I post this idea, so first of all please check my previous analysis that I linked in this post. BTC can touch its midline in the correction wave 4,3,3.we have big volume too. Tell me your ideas ,Thank you.
Now we are in a sensitive situation we may have a divergence in MACD and we are in a heavy resistant level in RSI. By the wave analysis, in my opinion we are in third wave of 3 of the third wave of the main wave (3,3,3). and we could have a correction wave 4. support levels is shown in the chart by the fibo retracment . if BTC pulls down we can a see a divergence...
Hello all, It's pretty clear that we have a zig zag correction playing out here. Waves 'a' and 'b' have already been put in. This leaves us with the final wave 'c'. There is a strong possibility that it is already complete and the low has already been put in (please see linked idea below from Nov 22). A breakout to the upside will take price to the 1910-1920...
I like this channel better. If this is wave 4 of 5 then hitting the 38 Fib around $9,125 before going higher would make sense.
Roku looks like it has developed a Head and shoulders pattern and is currently trading on its support trend line. I expect a pop back to the neckline and then a confirmation down which should bring Roku to roughly ~$145 which has a ton of volume. This should create consolidation that once lost, will move ROKU to $130. Long side, we should see a break above the...
Looks like we are in a wave 4 correction that is now on its C leg. This should drop us to around $430. We will most likely continue sideways ~$500 before dropping, or this could happen next week.
Hey everyone, there seems to be something brewing in the audhcf. On the greater term we have popped out of a triangle we've been in since june and have seen a small correction. As my elliottwave analysis shows, we are in the wave 4 of a greater 5 wave move, and are about to be on our way much higher. The current support will be a bit below the 3 previous swing...
Based on Elliot wave theory, the ENTIRE market is nearing its completion of the 3rd wave. This coincidentally will happen just as the IWM is completing its full 100% retrace from lows which also follows elliot wave rules. The range to look for is $360-$365 with the mean target being $362. Everyone knows the entire market is beyond parabolic and way overvalued....
SPX looks to be in an expanding triangle for a wave 4, dump around election?
after seeing the recent Support and Resistance zone gets broken towards the bearish position. Also, from the wave 1 formation...the wave 2 retraced up to the 78.60% zone. the wave 3 only gave a slight movement above one. At this point it could be seen that the formation of a diagonal is showing up. We anticipate the wave 4 completion to the trend line below....
We can see that there is some divergence from wave 3 to 5 of WAVE 3 . This shows that a short is in play. As Ellioticians, we look at WAVE 4 to not go beyond 38% of WAVE 3. Once WAVE 4 is completed I will be looking to buy this market for its final push to the upside before it comes back down.Be very careful when trading this, as corrections are risky to trade. If...
Hey, This is my Bitcoin view in the longer term. (EW) I zoomed out to get a better perspective where we could be in the larger picture. I was able to get a clear count in the bitcoin log scale chart, which makes me believe we still are in a larger big wave 4 correction. A very complex wave 4 correction but possible as the large wave 2 was pretty simple. What you...