BIFI/BUSD& I think the min target for this trade for short term is 1100$ (15% from now) & for long term its above 3k.
3-WAVE
Automated E-Wave Analysis Appears Quite BearishBut, take with a grain of salt.
E-Wave Analysis Automatically performed by software called MotiveWave, then transposed to TradingView.
I don't trade any crypto at all, so have no interest in creating "FUD". But I did want to just share this, and see how accurate it ends up being.
Between the (0) and (1) (usually these are labeled with roman numerals btw) is the i ii iii iv and v of the impulse, followed by an a b c correction. The "c" of the correction is the same as the (2) and from there the software predicts another downward-moving impulse wave. Again, please take with a grain of salt. Many out there even say e-wave analysis isn't very useful. The same software shows a bullish result for DOGEUSD which is kind of funny unless the two could actually become quite independent. For educational purposes only. Thanks for checking it out.
$BTC Elliot Wave Theory, Wave 4Elliot Wave Theory - Looking at higher lows down to Wave 4, finishing up in Summer 2022, then running up to $85-100k ATH for Wave 5. If we assume an ascending channel from the 2017 and 2021 all time highs, we can see the elliot wave locations at the bottom and tops of the channel.
Gold moving in a 9 wave triangle heading towards 1930Hi Guys,
today I want to discuss a bullish scenario on Gold. As you can see we are moving in a corrective Pattern. This is likely to occur in a position prior to the final actionary wave of one larger degree as wave 4 in an impulse. This looks similar to the pattern that occurred in Silver in Year 1976, where wave 4 was a 9-wave triangle followed by a bullish wave 5 movement. We can expect another retrace to the 1875 area, which is a good entry to catch the bullish momentum heading towards 1930. If the Area around 1875 holds, I am willed to enter there my long positions, calling for 1930 and 1950 in extension.
Let me know what you think!
Bitcoin EntryBased on regular accumulation patterns and huge volume coming in at this area near previous support, it looks like an inverse H&S is forming. Some profits should be taken in to the target in case there is further downside.
We've also started putting in Elliott Waves on the lower timeframes, which is great.
As always, ETH should give more profits.
ADANI PORTS -My 1st on WOLFE WAVE - 1HrExperts on the WOLFE WAVE can please correct me if I'm wrong.
Targets shall be booked whenever the Target Line is kissed.
Learning Never Ends.
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I believe in keeping the chart simple for easy interpretation.
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Always keep a stop loss to rescue you out of troubles and trail the stop loss as the price rises.
BTC Return on Investment Right on TrackLooks like Bitcoin is doin its thang. We had that major correction that previous cycles had around this time. Now we are looking to be at the top of the next peak according to Orion as well as the BTC ATH ROI. I'm thinking we will see another 10% drop in the next 8 days before we finally turn around and push back up towards 60k and beyond. Previous cycles had this secondary dip as well before breaking their all time highs. HODL on folks!
📚 Understanding Price Action - Impulsive & Corrective Moves 📚For every currency pair, all the price action can be broken down into 2 different waves. Impulse waves and corrective waves.
Both of these waves have the same patterns within them such as flags, ascending/descending corrections, channels etc.
The tip to finding out what phase we're in is to zoom out to a bigger timeframe and look at price action as a whole and ask yourself "is this impulsive or is this corrective". Once you understand that, you can more often than not understand where price will be going next.
For CADJPY, we are in a flat ABC triangle and we are approaching the upper limits of the triangle. We also are in an ABC correction. On the smaller timeframe, if things line up, we can get in at the very top of the impulse and ride this back down!
Try spotting corrections and impulses and watch how your chart game levels up!