Elliottwaveanalyis
BTC Elliott Wave countBitcoin X wave scenario
I want you to keep in mind this scenario.
That noise in the middle can be an X wave that is formed also by a wxy corrective pattern.
Bitcoin can bounce again 0.618 fib retracement and from here to go up at 0.5 fib retracement of 3rd wave because it didn`t tested. Market can do anything!!!
I will keep an eye on the market price action and I will update it.
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s&P ELLIOT WAVE FORCAST HEllo guys
this forcast bulid depened on Elliot way in forcasting the marketing
let's dive in
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the big cycle is i
we start the first wave from 2$ until it hit 33$ and them we had a nice ocrrection to 5$ it end on 1933 may
we start the big biggest impulsive wave 3 it had a pretty nice move to the up and nice correction every
we got 5 waves inside wave 3 now we see the 5 waves end so excpect a down move and big correction on s&P all the way down i d k where we could stop but the idea is this doing lower we finished nice 5 samll waves inside the cycle ( ii ) - ( iii ) now we in correction wave ( IV )
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RSI IS BEARISH ON THE monthly that a nice reason to dump this down as we see in the chart every time we havea davergence it's just a time until we see a nice down more correction and this small correction was for the small waves inside the big cycle
now we finished them all we enterting the big cycle IV correction .
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from the start off the wave ii to iii s&P have so big divergence u can check it in the chart
BTC Elliott Wave countBitcoin Elliott Wave count update
Still into the 4th wave, WXY correction pattern.
Also I think 4th wave will correct into 0.5 fib retracement of 3rd wave, somewhere at 34200
Changed a little bit things into Y wave. We have a Y wave formed by a zigzag pattern ABC, where B wave is a barrier triangle. (also this triangle can be a X wave if it is an y wave a complex pattern WXY but does not matter)
Also we have a barrier triangle wave B from triangle`s zigzag wave D
On the long term I am still bearish on BTC
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BTC Elliott Wave countBITCOIN COUNT UPDATE
Bitcoin is moving fast up and down, we have a high volatility moment because is a big fight between bulls and bears but let's see how I am digesting this using Elliott wave count.
I am still counting this correction that starts from 12 may as 4th wave from a bigger impulse to the downside as BTC will stay below 0.5 fib retracement of the 3rd wave (price 34161 usd) we have a valid 4th wave in play.
This 4th wave is a wxy pattern formed also by 3 wxy patterns.
The rally from the moment that I am publishing this analyze I think is only the first a that is forming y wave from the 3rd wxy pattern and I think it will end somewhere at 0.618(price 31906 usd) or 0.786 (price 32652 usd) fib extension .
On the long term I am still bearish on BTC even it will climb a little bit.
I will update Bitcoin count at least twice per week so subscribe to watch my future counts.
If you like my analysis please give it a like. Thanks
EURGBP - Elliott Wave forecast45 angle describes the corrective nature of the pattern.EURGBP has started forming impulsive wave C's sub-wave 3.
It has broken down the correction channel of wave B.
If EURGBP breaks down low of wave X at 0.84819 , then the price will complete its impulse wave C. It is also a support level of 200 EMA. Or it will start marching upward.
Targets: 0.84500 - 0.84421 - 0.84340 and more.
Thank you!
@Money_Dictators
APEUSDT WAVE A TARGETI think the APEUSDT may do a thing like this, After finishing the main ZIGZAG (A/1), Now it is in making (B/2) and currently building wave "a" in (B/2).
The first Target is around 12.86$, Second Target is 10.7$ (I bias myself it will go to 10.7$, but anything can happen)
BINANCE:APEUSDT
Let's comment on this analysis, I'm new to Elliott wave/Neo wave, and Have fun with trading :D :D :D
BTC Near TermBTC is currently in the red subminutte wave iv and is expected to retrace anywhere from 38.2 to 61.8 or from 32,210 to 36,441 just below the blue minutte wave (i). There is a clear micro a at 31335, and micro b at 28621 in-between subminutte iii and iv. Subminutte c targets can be found at the 61.8 or 32458, 100 at 34831 or 123.6 at 36296.
XME - ETF - LongThe Fund seeks to replicate the performance of an index derived from the metals and mining segment of a U.S. total market composite index.
We expect a short term correction that can take prices higher to 57.00. We believe that there is an opportunity to go long at market and add position at 45.00
MSFT: Bears Have Taken Control Over BullsMSFT has accomplished the corrective wave (b) and started falling for wave (c) of wave (4).
Traders can expect the following targets: 289 - 272 - 265 for wave (c).
Here, 273 is the Fibonacci level of 50% of the wave. This level will act as a crucial level.
An uptrend is only possible after the breakout of the parallel channel . As per the wave principle, a new trend can unfold above/below wave B of the previous correction.
$AAPL ObservationJust an observation...
This is an overlay of Apples stock price during the 1998-2000 bull run and subsequent crash resulting in a ~80% loss in value.
I find it striking how similar they are, and how the end result will adhere remarkably well to, Elliott Wave, Wyckoff and Gann theories.
Given the financial status of America, and the current lack luster of Apple's products, it wouldn't surprise me if Apple do see a significant reduction in market cap.
Bitcoin - What if I told you something like this is possible?There is an expanding symmetrical triangle (megaphone pattern) in Elliott Wave Theory. I'm not saying this is definitely happening, but if we see an impulsive reversal after dropping a bit lower, below wave ((a)) support, then it becomes a possibility.
This is the same fourth wave pattern we saw in the Dow where the March 2020 drop was wave E of the triangle. It's always good to know and understand the possibilities.
As I have mentioned numerous times before, it's also possible that wave 5 ended at the ATH. It's also possible that the ATH is only wave 3 and the current three wave pullback is wave 4. This is just one possible pattern that could play out. There are often multiple possibilities when price prints a range.
BTC/USD Triangle in play? variation #2As I've mentioned on my stream, a breakdown below the current wave C low at 32933.33 just invalidates that particular triangle. There is the possibility that another triangle could be printing in that scenario as shown in this chart. Wave C could still be in progress. However, it would need to reverse prior to the wave A support at 28800. Breaking down below that level will invalidate all the triangle scenarios.
This only becomes possible if price breaks down below 32933.33.