3-WAVE
Bitcoin Impulse wave forming towards lower levelsAfter explosive gains off of the $18200 level where there is key support, bitcoin rallied into 20k where it ultimately saw some rejection off those highs and has pushed lower in an impulsive fashion which could lead to a new wave structure to the downside; there are a few reasons which can support why BTC saw rejection at this level; there was a key channel which bitcoin was within previously which broke to the down side and a retest of the lower trend line occured. Furthermore, there is an extremely significant daily orderblock between 19400-19500 which price overshot in order to touch the trend line in what is most likely an expanding flat C wave structure which actually surpassed ~4.236 extension; hence, why the rapid reversal.
Bitcoin may trend down, with strong impulse structure, the MA's are crossing bearishly on the 1 hr and pointing downwards suggesting continuation to the downside about to occur. The Subwave strucure shown on chart is likely to be a sub wave of a larger WAVE 5 from the BTC ATH, meaning further waves of higher degrees will likely push BTC even lower in this TERMINAL 5th wave. Important level to monitor is the 16200 level and the 15k level which is the pitchfork median line which is likely to offer strong support. It is possible for BTC to hit even lower prices depending on the subwave structure with 13500 and 10500 other key levels to target in this 5th wave.
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Bitcoin $20,000 Resistance The Downtrend ContinuesIt seems like Bitcoin wants to get back above $20,000 but it is starting to face resistance getting back above $20,000. We've been ranging from $18,200 - $20,300 for over a month now. Due to the stochastic RSI wave peaking and being at overbought levels on the daily I believe short term Bitcoin will be going back down to the low $19,000 levels within the next week or two. We've formed our daily wave and now it's starting to crest out. I put in a short above $20k looking for Bitcoin to hit around $19,500 level to close the trade. Much peace, love, health, and wealth!
Trading Signal For WAVESUSDT WavesTrading Setup:
There is a Trading Signal to Sell in WAVESUSDT Waves Currency Pair.
Traders can open their Sell Trades NOW
⬆️Buy now or Buy on 3.627
⭕️SL @ 3.449
🔵TP1 @ 4.160
🔵TP2 @ 4.767
🔵TP3 @ 5.629
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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DAX weekly exhaustion volume at wave 5 wolfOrder BUY DAX NASDAQ.NMS Stop 20.97 LMT 20.97 will be automatically canceled at 20230401 01:00:00 EST
DAX weekly exhaustion volume at wave 5 wolf at strong monthly support. Needs weekly downtrend break confirmation. Will exit for small profit if doesn't confirm.
XRP LEG2 ABC CORRECTIONhello guys i hope you are well
this time i think that the leg2 of elliot waves must do an ABC correction PATTERN.
instead of doing just a correction from 0.50 to 0.45
xrp is doing the ABC PATTERN.
why this happens? well because it didnt have to much power to convert the normal down trend in an upsidetrend inmediatly, and this happened 90% of times in al crypto market.
some times that 10% its just a big pump as we remember in july 2021 or the Bigest Bullrun in history in february march last year.
$APRN Looking Expensive. Elliot-wave + RSI DivergenceDoing wave tracing and it seems we are about to hit the third leg of the Elliot correction wave Considering how steep our A wave was, it may get very bloody. From an RSI divergence standpoint, we also look like we could be in for a decent retracement off the recent gains.
TESLA - Time to recharge batteries? Looking at Tesla from an Elliot Wave perspective shows a very bullish uptrend since inception of the stock itself. Corrections & Bear Markets are there to beat you down and make you want to give up, and once in a while we are do for a big one. Looking at the chart I see a completion of Macro wave III which started in June of 2019. This was a huge move for Tesla gaining approx. 3,350%. Yes you heard that right, so when we see a large pull back, we shouldn't question it.
The current correction can have many complex variations in Elliot Wave Theory, so far I see an ABC down complete, a correction up for wave (X), and now working on (Y) which should be in 3 waves as another ABC that could bring the price down to $138 as a 1:1 extension of wave A from top of wave (X). If it decides to go even deeper, suppose we have a drastic recession in the world markets including U.S., then the price is allowed to go as low as $28 or a 1.618 fibonacci retracement from wave B of (Y).
In a slightly more bullish view, suppose the elections get markets to have a bear market rally and prices start going up, then we have a possibility that we are still not done with wave B of (Y) show in red colored ABC. However, I see this rally too is likely to fail if it happens; in the end gravity will win brining Tesla down somewhere in the support box (area outlined). Here, a longterm probable bottom as well as a reversal to the upside is likely.
Cheers,