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5thwave

CSPR Highly likely to hit new lowHi there, it's not a surprise to see the market go even further down, although I was suspecting to see some sort of a minor pump across the board in Q4. but this seems less likely for the time being, I can see one more, possibly two lower lows forming for Casper labs token to the downside. Keep in mind from the EWT, we are having the 5th wave which is definitely will bring new ATL = All Time Lows for CSPR. you can see the first price area is about 1 cent range +-. If extended and BTC tumbles even below 10K, expect the 2nd area probably to be met for CSPR. I will start DCA in around 1.1-1.5 cents
Short
by ShadowDNA
10
One more "RIOT" to $16 and then the big correction in BTC!Long on NASDAQ:RIOT Short-Term Price Targets: By Friday (May 17) or Following Monday: $11.50 to $12 Early June: $14 Early to Mid-June: $16 Technical Analysis and Key Indicators Support and Resistance Levels Immediate Resistance: $11.50 to $12 Next Resistance: $14 Upper Resistance: $16 Chart Patterns and Technical Indicators Moving Averages: Check the 50-day and 200-day moving averages for bullish confirmation. Volume Analysis: Increased volume on upswings suggests strong buying interest. RSI (Relative Strength Index): Monitor for overbought conditions as NASDAQ:RIOT approaches target levels. Market and External Factors Bitcoin Price Correlation: Keep an eye on Bitcoin’s price movement; NASDAQ:RIOT often follows Bitcoin’s trend. Regulatory News: Stay updated on any news that could impact the crypto sector and NASDAQ:RIOT ’s operations. Overall Market Sentiment: Watch for changes in market sentiment, particularly in tech and cryptocurrency sectors. Risk Management Stop-Loss Orders: Place stop-loss orders to protect against unexpected downturns. Adjust stop-loss levels dynamically as NASDAQ:RIOT price moves up. Position Size: Maintain a position size that aligns with your risk tolerance. Summary Immediate Goal: $11.50 to $12 by May 17 or the following Monday. Next Goal: $14 by early June. Final Goal: $16 by early to mid-June. Stay focused on Bitcoin’s price movements and overall market conditions to validate the bullish momentum in $RIOT. Adjust your strategy if significant changes occur.
NASDAQ:RIOT
by candlestickninja
1
One last Bitcoin Swing Trade before bears takeoverBitcoin (BTCUSD) Weekly Forecast: May 11th - May 13th Overview: As we step into the week ahead, Bitcoin continues to exhibit signs of a bearish flag formation on the weekly chart, indicating potential downside momentum. The analysis considers a series of wave counts (a through e) within this pattern, with stochastic indicators showing a hooking pattern, suggesting a possible bearish turn in the short to mid-term. Market Analysis: Bitcoin, often viewed as a risk-on currency, shows correlation with the S&P 500 market. Notably, the S&P 500 displayed a bullish harami pattern two weeks ago, hinting at further bullish momentum. This suggests a possible upward movement in the S&P 500 towards the 5600 level. However, specific levels are not set in stone, and future rate cuts expected by Q3/Q4 might push it towards the psychological level of 6000. Bitcoin Forecast: In the current scenario, the outlook for Bitcoin is bearish on intermediate and long-term time frames. There's a likelihood of a double top formation around the 73,000 to 74,000 range. While there's a slim chance of surpassing the 80,000 resistance, the more probable scenario is a correction around the 73,000 level before a larger systemic risk-on crash. Long-term Projection: Bitcoin is expected to reach 72,000 to 75,000 (plus or minus 1-2k) before a significant downturn. A systemic risk-on crash could drive Bitcoin prices down to the high 30,000s or lower by early 2025. Conclusion: Given the bearish flag formation, hooking stochastics, and the anticipated performance of the S&P 500, Bitcoin's outlook for the coming week is leaning towards a bearish sentiment, with a potential double top formation around 73,000 to 74,000. However, the overall trajectory suggests Bitcoin's correction might be a prelude to a larger systemic downturn in late 2024 or early 2025. Traders are advised to proceed with caution and closely monitor key levels for potential entry and exit points.
BITSTAMP:BTCUSDLong
by candlestickninja
BTC Analysis, Chart is speaking itself !!! ✅LONGTERAM Road map of Bitcoin🍻 🌟The Bitcoin is in a Bullish phase by ⤵️⤵️ ➡️falling wedge pattern it means that the price would increase and the price has already broken the pattern! ➡️the BTCUSD has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) . The possibility of starting a impulse 5th waves!!! ➡️the price now is making a pullback to the bottom of the descending triangle (which is shown in the picture) if the price breaks that important level we shall see a lot of increase in the price! ➡️A inverse head and shoulders pattern means a great bullish trend on the horizon (AB=CD). ➡️also Broadening Wedge it is another bullish sign. 🌟 Bullish signals are: -Head&Shoulder. -Broadening Wedge. - falling Wegde. -This is Longterm Analysis!!! -5th waves ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Long
by CobraVanguard
4
✅GTAI's Situation: What Shall we Expect, can ascend further?Hi every one ➡️ As you can see, GTAI has grown well since its introduction. After the broken of Falling Wedge, started 5 upward wave and successfully completed it, and then started a corrective wave, which it has now completed. Now it's time for it to start its upward wave, and considering that the price is now in an ascending triangle. -Hidden divergence has occurred, this signal can be strong. ➡️ second scenario: If the first scenario failed , we can look at the second scenario. In the second scenario, the price can form a bullish flag, which can have a good growth after breaking the price. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟!
Long
by CobraVanguard
5
BTC's situation+next targets and expected movements.If the price can break the level of 31300 and After closing the candle in the daily time above this level,The price can go up to 37k 🌟 Bullish signals in the PRZ area are: - Support zone - Bullish Channel - 5th Waves ⭐ and the bullish signals of market momentum are: - Hidden divergence in MACD ➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or , this analysis of ours will be failed. ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
COINBASE:BTCUSDLong
by CobraVanguard
3
The Bullish Case for Bitcoin! A Comprehensive AnalysisIf price manage to break the falling Wedge . the price can easily reach the target after a little correction. 🌟 Bullish signals in the PRZ area are: - Support zone - Pivot yearly - Bullish Channel - falling Wegde - bollinger band - 5th Waves ⭐ and the bullish signals of market momentum are: - Regular divergence in MACD ➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or Wedge broken from the bottom , this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
COINBASE:BTCUSDLong
by CobraVanguard
34
The Bullish Case for Ethereum, A Comprehensive Review!!If price manage to break the falling Wedge . the price can easily reach the target after a little correction. 🌟 Bullish signals in the PRZ area are: - Support zone - Pivot - Bullish Channel - falling Wegde - bollinger band - 5th Waves ⭐ and the bullish signals of market momentum are: - Regular divergence in MACD ➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or Wedge broken from the bottom , this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
COINBASE:ETHUSDLong
by CobraVanguard
5
Cable Is Moving Into 5th WaveCable is moving into 5th wave, as we see it unfolding a five-wave bullish impulse from the lows by Elliott wave theory. Cable with ticker GBPUSD reached a multi-year low after a capitulation back in September 2022. Notice that the price is now looking impulsive on a daily chart, clearly within a five-wave cycle, which indicates for a change in the trend from bearish to bullish by Elliott wave theory. Now that Cable is trading in 5th wave, we should be aware of a corrective slow down, however, there can be still room up to 1.26 – 1.30 area before correction shows up. From Elliott wave perspective, every five-wave impulse from lows/highs suggests a change in the trend, but most importantly, after every five waves there comes a three-wave correction.
by ew-forecast
Technology Sector May Face A Rally SoonHello traders and investors, today we will talk about two technology stocks GOOGLE and META (Fcebook), which can be finishing final 5th wave from Elliott wave perspective. As you can see, technology sector suffered the most in the last year, but what is interesting is that both GOOGLE and META can be now finishing a five-wave cycle from the highs. In Elliott wave theory, after every five waves, a three-wave A-B-C correction follows. We have just noticed some big gaps down due to earnings miss, but considering that Google and Meta are trading in 5th wave with a potential spike before a reversal, there's a high probability for an A-B-C rally soon. A-B-C recovery will ideally show up now at the end of 2022 or at the beginning of 2023. All the best!
NASDAQ:METALong
by ew-forecast
2