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AB=CD

CHFJPY, Lesson in measured movesSome idea came to my mind. The long-term trend is up. On the daily, it is obvious we are in a consolidation area. Weekly is bullish, Daily is bullish, but... Open the 4 Hour chart or the 2 Hour one and it won't be hard to spot all measured moves or AB=CDs. Each one of them was a great opportunity for a small stop-big reward trade. See the blue line that is pressing the price down. I am conscious of the 200 EMA support, but there are 2 major scenarios from here. Either a breakout of this line now, or we may play a fakeout on the short side if we have a price action signal short. I am as usual a fan of taking the way in which the majority of the people are trapped - which here is the short side. It will give room for some 1 to 3+ RR trade if you don't scale out which is not bad at all. Wanted to share the chart as it is almost like a lesson in AB=CD moves.
Short
by TheSpringHunter
Bitcoin - 17% crash is starting! Buy again here:Technical analysis: Bitcoin is pumping, but be very careful because the price is currently at the strongest resistance ever. TOP of the parallel channel and 1.618 FIB Extension are definitely extremely strong levels. You do not want to go against it; rather, you want more confirmation. I recommend buying Bitcoin at the middle line of the ascending parallel channel on the log scale chart. On the chart, you can see my Elliott Wave count, and in my opinion, we are in wave (3) of the whole bull market. Are you ready for a crash or not? Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. Fundamentals: How Is the Bitcoin Network Secured? Bitcoin is secured with the SHA-256 algorithm, which belongs to the SHA-2 family of hashing algorithms, which is also used by its fork Bitcoin Cash (BCH), as well as several other cryptocurrencies. How Is Bitcoin’s Technology Upgraded? A hard fork is a radical change to the protocol that makes previously invalid blocks/transactions valid, and therefore requires all users to upgrade. For example, if users A and B are disagreeing on whether an incoming transaction is valid, a hard fork could make the transaction valid to users A and B, but not to user C. A hard fork is a protocol upgrade that is not backward compatible. This means every node (computer connected to the Bitcoin network using a client that performs the task of validating and relaying transactions) needs to upgrade before the new blockchain with the hard fork activates and rejects any blocks or transactions from the old blockchain. The old blockchain will continue to exist and will continue to accept transactions, although it may be incompatible with other newer Bitcoin clients. A soft fork is a change to the Bitcoin protocol wherein only previously valid blocks/transactions are made invalid. Since old nodes will recognise the new blocks as valid, a soft fork is backward-compatible. This kind of fork requires only a majority of the miners upgrading to enforce the new rules. Some examples of prominent cryptocurrencies that have undergone hard forks are the following: Bitcoin’s hard fork that resulted in Bitcoin Cash, Ethereum’s hard fork that resulted in Ethereum Classic. Bitcoin Cash has been hard forked since its original forking, with the creation of Bitcoin SV. Read more about the difference between Bitcoin, Bitcoin Cash and Bitcoin SV here. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
95
SOL, possible bullish Spring setup, AB=CD on raising volumeSolana had a bullish flag breakout in the longer timeframes (check my other related Daily analysis). Currently, a potential technical setup might play out for a shorter-term trade or addon to the first one. We have an AB=CD measured move. Volume profile - notice how the first bullish bar that reacted from the support level occurred on higher volume compared to the test afterward which is on lower volume. This is always a positive confirmation that we want to see a breakout. We hope for a test of the previous high and a runner.
COINBASE:SOLUSDLong
by TheSpringHunter
ETH - last wave up, then a 16% crash!Technical analysis Ethereum is bullish, but do not be too much excited about it. Buying at the current price is simply not worth is as per my technical analysis. We can see that the price of ETH created 2 unfilled Fair value GAPS below the current price. Usually these gaps tend to be filled sooner or later. Wait for the uptrend to end and then take a fibonacci retracement tool and look for the 0.618 level. From the Elliott Wave perspective it looks like a wave 5 can be in progress, but we do not want to long waves (5) as often there is only a liquidity sweep above the previous wave (3) and then a massive crash follows. Daily RSI overbought region, weekly RSI overbought region. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
44
GTAI is ready! 200% profit in the short-termTechnical analysis GTAI coin is probably ready for an explosive move as the price broke out of the symmetrical triangle on the 4H chart. If you are still hesitating, it may be your last chance to buy GTAI at the current price of 2.23 USDT. The price makes higher lows, which is essential for every bull market. 204% profit in the short term is definitely very likely, but if you hold this coin for the long-term, you can get a 10x or 100x profit in 2024 or 2025. From the Elliott Wave perspective, we have a strong bullish nest (1,2,1,2,1,2), and every Elliott Wave trader can confirm that this is pretty much a dream setup. Once wave 3 starts, it can be huge. Where to take profit in the short term? If you are an intraday trader or a swing trader, you can take profit at the 1.618 FIB extension or 1:1 FIB extension and buy GTAI again at a lower price. If you are a hodler, keep holding. Fundamental analysis GTAI is very popular among retail traders. It has around 352,000 followers on the X platform and a huge fan base. It's always important for every coin to have a lot of users, as the users are what truly matter when it comes to adoption. It's also important for GTAI to get into popular exchanges so people can buy it. GTAI is awaiting several listings on another popular exchanges: $GTAI is utility token which allows: Fee Discounts: Offering discounts on profit and trading fees Vendor Fees for API SDK: Charging fees for API SDK installation, subscription, and transactional operations Web3 Fund Creation and Listing Fees:Implementing fees for creating Web3 funds and listing them in the marketplace Cashback Payouts: Cashback payouts in $GTAPP tokens when using AI shopping assistance Eligibility for DAO Voting: Granting eligibility to participate in DAO votings Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
19
Long ADA, Spring action, Hidden DivergenceA bit noisy down the 30-minute chart, but if this last 30-minute bar closes in the green this is a long one. Stops were taken and the price can go up. Longer-term charts say the trend is up. Also my setup worked several times in the form of AB=CD Spring setups and when my setup works I know we are in an uptrend so I have to take them all. Highlighted areas might be short-term targets. The second one is 161% Fib extension and a round number There is some hidden divergence on top.
ALong
by TheSpringHunter
Sleepless AI completed a setup for upto 19.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Sleepless AI with US Dollar pair. Recently AI was very close to enter the buying zone, but pumped before entering the buying zone as below: Now on a 4-hr time frame, AI has formed a bullish AB=CD move for next price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
GTAI - Breakout soon, 125% Profit in a few days!The price of GTAI is inside a symmetrical range and is ready for a breakout to the upside! 130% profit in a few days should be easy if you buy this coin at the current price. We can see that the range is tightening, and usually a huge move is followed after one of the trendline breaks. There is only 1 resistance on the way up, and it's the previous all-time high from January 2024. After we hit a new ATH, the price will be in price discovery mode. It is always important to do an Elliott wave analysis to confirm our bias. In this case, we have a strong bullish Elliott Wave nest (1, 2, 1, 2), which is basically waiting for a breakout. The bullish setup is good from a technical perspective!  Market cap - $12,226,686 - Rank #915 Volume (24h) - $18,926,683 - Rank #218 We can see that the 24-hour volume is very high, despite the fact that the rank is only 915. I would say this can coin 10x in the next few weeks without any issues. There is clearly an elevated interest in this coin. The price is making higher lows, which is a definition of an uptrend from a technical perspective, as we can see on the chart. More about GTAI: AI execution technology enables the execution of any trade, swap, or NFT investment command on centralized exchanges, decentralized exchanges, and NFT platforms simply by sending a text prompt or even a voice message to our AI model. The purpose of this technology is to simplify and make the process of crypto investment and trading accessible for Web 2.0 users while also improving the UI/UX experience for professional Web3 users: AI buy/sell/swap/trade commands execution AI portfolio management AI-powered automated trading A deep AI off-chain and on-chain market analysis AI trading signals AI arbitrage trading AI NFT management AI-powered shopping assistance AI-powered Web3 onboarding and education Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
12
MAGIC is starting a strong uptrend, new ATHMAGIC looks very strong in the major timeframe. We can see that the uptrend is very strong and reliable. I am expecting the coin to hit an all-time high in a few weeks and a 288% profit in a few months. It's probably best to buy this coin right now, but you may want to wait for a small pullback. We can see that the previous downtrend ended with a descending parallel channel. It's always important to do an Elliott Wave technical analysis, and from my point of view, we have started this uptrend with a strong impulse wave (12345) and already made an ABC correction. Wave (3) should be in progress. What Is Magic (MAGIC)? MAGIC is the utility token that connects gaming communities in the Treasure Metaverse: a decentralized NFT ecosystem which sits on Arbitrum, one of Ethereum’s Layer 2 scaling solutions. MAGIC is a cross-game currency that connects games, players, metaverses, and communities, all within Web 3.0. The token was launched in September 2021 so its community could buy and sell in-game NFTs on Treasure. It also acts as a reserve currency for Treasure’s metaverse. Players can earn MAGIC tokens by gaming, mining, and participating in Bridgeworld, Treasure’s flagship game. Treasure now hosts twelve other games on its platform, some of which allow you to use and generate MAGIC tokens like in Bridgeworld. These include Beacon, a free-to-play fantasy action rogue-lite RPG; and Realm, a world-building and exploration game.
Long
by Xanrox
7
UK Retail Sales Data: Another Miss Could Weigh on the Pound It has been quite the week for the UK. Tuesday welcomed UK wage data, which fell less than expected and illustrated sticky inflation. Headline wages (including bonuses) dipped to 5.8% (expected: 5.6%; previous: 6.7%) in the three months to December 2023, and pay that excludes bonuses also fell to 6.2% (expected: 6.0%; previous: 6.7%). Wednesday saw the January UK CPI undershoot expectations and match December’s print; both headline and core measures on a year-over-year basis came in at 4.0% and 5.1%, respectively. Thursday’s Q4 2023 GDP data effectively tipped the UK into a technical recession; it was a miss across the board here. According to the preliminary estimate for Q4 (2023) growth, real GDP contracted more than expected at -0.3% as per the Office for National Statistics (ONS), versus -0.1% in Q3 and surpassing the estimate range low of -0.2%. How to Trade UK Retail Sales? Well, with wages higher than expected, along with CPI and GDP data revealing larger-than-expected misses, a miss on UK retail sales data tomorrow could spark another downside leg in sterling and lift FTSE 100 futures north. From December to January, expectations heading into the event are for retail sales to show an increase of 1.5%, according to the Reuters poll (up from December’s fall of -3.2%), while the year-over-year measure is also expected to show an improvement to -1.4% from December’s reading of -2.4%. So, as we can see, forecasts suggest a meaningful recovery in retail sales; therefore, in order to pull GBP pairs southbound tomorrow, bears will be looking for data to remain weak (in negative territory on a monthly basis). EUR/GBP Rebounds from Support The Research Team touched on the EUR/GBP cross earlier this week and directed the technical spotlight towards a clear-cut daily support base, made up of a 100% projection ratio at £0.8498 and horizontal support from £0.8514. Should a miss come to fruition, short-term H1 support from £0.8543-£0.8548 could hold ground and welcome bids and look to refresh highs beyond £0.8570 (blue oval). While it is obvious that sentiment has been to the downside for this market for quite some time now, knowing that price recently rebounded from daily support could encourage buyers. Of course, a healthy UK retail sales print (stronger than median estimates) could have the EUR/GBP pair sell off sharply. H1 support would offer little and the move may even threaten current longs at the noted daily support.
Long
by FPMarkets
Whipsaw Below $2,000; Bear Trap?Following on from last week’s analysis on spot gold (XAU/USD), you will note that the yellow metal did tunnel through the widely watched $2,000 level in recent trading and shake hands with support between $1,971 and $1,986—made up of an AB=CD bullish pattern (100% projection ratio), horizontal support as well as a number of Fibonacci ratios. As you can see from the chart, buyers have responded from the upper edge of the support zone, and price is making its way back up to $2,000. A daily close back above the psychological level could encourage further buying, targeting local resistance around $2,038, followed by another layer of resistance on the weekly chart at $2,075.
FPMARKETS:XAUUSDLong
by FPMarkets
COTI - starting a huge uptrend (1459% in 2024)Technical analysis COTI is starting something huge. The downtrend is over, as you can see on the chart. COTI ended the downtrend with a descending parallel channel. A retest of the channel has already happened, so there is no reason to go down anymore. It is always important to take a look at the volume indicator, and as we can see, the bullish volume is very strong, so the whales are buying and you want to buy with them. 1459% profit is something that is very possible in 2024/2025, but if you do not want to wait a long time, use my profit target 1 and profit target 2. What Is COTI? COTI markets itself as the first enterprise-grade fintech platform that empowers organizations to build their own payment solutions as well as digitize any currency to save time as well as money. COTI is one of the world’s first blockchain protocols that is optimized for decentralized payments and designed for use by merchants, governments, payment DApps and stablecoin issuers. COTI Pay is the first application. It describes itself as a fully encompassing finance on the blockchain. The COTI Group launched in March of 2017, while the Staking Platform Launched on Jan. 1, 2020. It is an ecosystem that is designed specifically to meet all of the challenges associated with traditional finance, including latency, fees, global inclusion and risks. This is done through the introduction of the DAG-based protocol as well as infrastructure that is completely scalable, private, inclusive and fast. The ecosystem has DAG-based blockchain, proof-of-trust consensus algorithm, multiDAG, GTS (Global Trust System), a universal payment solution and a payment gateway.
Long
by Xanrox
4