Bitcoin Cycle Count and ForecastI'd love some feedback on this count
Potential double zigzag in play on COINBASE:BTCUSD
Elliottwavecorrection
Now bitcoin is in corrective movements.Now bitcoin is in corrective movements. According to Elliott, it is in the dominant zigzag pattern. Any growth in this pattern is an exit opportunity and somehow a rest for further decline.
After completing 5 waves of wave C
There are two predictable scenarios
First, the continuation of the correction. In this case, this coin will grow during three main waves, and after that, it will fall sharply during 5 waves.
The second scenario is the end of the correction after the completion of wave 3, and after that this coin can climb up to the level of $80,000 based on the Fibonacci target
. BINANCE:BTCUSDT
My primary EW count for major corrective Wave IV.Wave IV as Expanded Flat pattern.
Unfortunately, we haven't finished Wave C of IV yet, which means the bottom still not in.
The bottom price target is around 15k IMO.
Wave 3 of C could be complete though. (17.6k)
I strongly believe we're in the corrective Wave IV and still have the impulisve Wave V left.
VRAI think it has about bottomed. I was thinking .004c would be a good buy and here we are.
Other option is going back to .002c or less which was the price of this coin when it 1st launched.
I would say buy, add and hold LT. The FA here is super IMO they have a bright future.
$NNDM ~ Nice...As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
$CLSK ~ Interesting...As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
$UBER ~ Where's the bottom...As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
$RNG ~ Beautiful...As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
$RIOT ~ As expected...As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
$AA ~ Chess game going as expected...Correcting nicely... Love the company and will be a amazing opportunity down the road. Lets follow together and enjoy the ride. Next cycle will be different.
$BTU ~ Riding the waves...Still correcting as expected. Received a comment on $TWTR stating no way... Well I guess we will have to see. Sometimes things just happen that's out of our control. Will track closely and buy when the opportunity presents itself.
$Steel ~ Very nice waves...Beautiful wave structures as shown... Correction still in progress and will pull down $VALE, $RIO, and others. Nice buying opportunity soon.
Triangle in Elliott wave theory Indian bankElliott wave theory is itself is a complete technical analysis which shows the naked price action.
In the Indian Bank chart, the triangle is forming. As we discussed in our previous analysis (attached in link to related ideas), the triangle can burst in any direction.
Only two possibilities occur in Indian Bank,
1. If an Indian Bank crosses 162, it can go to 205.
2. If Indian Bank breaks 140, it can easily go to 114.
In both cases, more than 20% of the move is a sure-shot clear move.
Happy trading.
NZDCHF: Price has started unfolding final wave (Y)Key levels: 0.6520
Price is forming a corrective descending channel for 13 months.
Currently, the price is facing resistance at the upper band of the parallel channel.
As per Elliott wave projection, NZDCHF is forming corrective structures (W), (X) & (Y) . Price has completed the intermediate wave (x) and started falling for the final wave (Y).
Traders can short for the following targets: 0.6362 - 0.6274 - 0.6124- 0.6052.
Invalidation: Breakout of wave (X)
Gold, catch the end of wave C ?Gold has been retracing recently from a short term perspective. I am still bullish on it, after the 40-year high of UK inflation today (what made GBP currencies fall few hours ago). I like the third wave in the correction to reach 80% fib level before catching the buy. Buy after confirmation patterns on that level, because Gold can keep trending down and expand the wave otherwise.
If you can afford taking more risks, gold can bounce from the actual level (61.8%): risk management is always the key to success.
$BTU ~ Correction in progress...As expected, correction in progress. Will be tracking very closely as in our opinion energy stocks will provide an amazing opportunity in the future. Whether its coal, uranium, oil, or natural gas we all need to realize the amount of energy the electrical world will need. Pay attention...
$LMT ~ Should we prepare for war...Correction as expected, but long-term concerns us. With things going on in Ukraine and how things are getting crazy in the South China Sea, wouldn't be surprised to see LMT to play out as expected. Keep a close eye on this one and world events.
$UPWK ~ Beautiful wave structure...As shown, beautiful EW structure. Still has a little more correcting to do, but should provide an amazing opportunity soon. Will be tracking very closely and may take a position.
$BW ~ Interesting after correction...Beautiful EW structure and now that a five wave structure on the upside, we should have the direction of the trend. Will need to wait for correction to complete then maybe a interesting opportunity in the industrial sector.
Only if there is a hopeEthereum is in the position of a long term zigzag corrective wave completion around 900, if there is still a hope in crypto market, and if the price didn't drop below 500 and succeeded to break the upper boundary of the zigzag wave, then the price shall revive and raise in a new journey aiming toward a new all time high price around 5500
$PBR ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
$SU ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
$CEIX ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. When it comes to coal, china is building more and more plants to meet required energy. Recommend tracking this sector very closely for amazing opportunities.
