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Elliottwaveideas

UPDATE ON XAUUSDHere's an update: 1st Scenario: Still on complex correction, the time XAUUSD hit all time high at 2078 was not a motive according to fibonacci (subjective), there's still a chance XAUUSD to go sideway until CPI or Core PPI release. 2nd Scenario: subwave v of (v) was truncated --> Ready for Major Correction. I prefer to wait until structure and pattern formed. Elliott Wave is high subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers
OANDA:XAUUSD
by MarioSianipar_
BNBUSDT Short (Longer term view)Here we have a longer term trade for BNBUSDT shown on the daily chart. The Elliott Wave pattern shown in the image is an "ABC" pattern. Blue wave (A) moves upwards and consists of 3 waves: A,B, and C (in yellow). Blue wave (B) moves downwards and consists of 3 waves: A,B, and C (in yellow). In accordance with the theory, wave C in an ABC must end with 5 waves, which is what we see with blue wave (C). Blue wave (C) also formed an "ending diagonal" which usually signals that a sharp reversal is due ahead. Entry price 1 is so that the position can be entered in case we continue down from here and is at 311.03 Entry price 2 is there in case the market pushes higher one last time before moving down and is at 347.35 Be cautious not to over allocate capital at Entry price 1, otherwise your risk:reward ratio will go down to around 1:1 Profit target 1 is at 253.77 Profit target 2 is at 235.74 As always this is not financial advice and is only intended for educational purposes
Short
by TradewithLu
Whatever you need to know about BTC sycle** IT'S NOT FINANCIAL ADVICE ** ** SO PAY ATTENTION IT'S JUST MY IDEA ABOUT THE NEXT MOVEMENT IN THE CRYPTOCURRENCY MARKET ** ------------------------------------------------------------------------------ Hello Guys what's up? Hope you feel great and always be happy and successful. Today I want to talk about the Elliot cycle of Bitcoin. it's really interesting. so don't waste time and see carefully this Elliot analysis. this analysis is about BTC in the weekly timeframe. as you see we have two different parts. in the first part, a huge bullish trend is obvious. I drew the five main trend (Red Line) and show you all the details you need to know. it's about minor waves(Blue & Black lines) so after finishing 5th wave, I expect the market to correct. this correction contains three waves. we call it A, B, C A is a downtrend wave. B is up trend wave. C is a downtrend wave. The market started to downtrend from 69k to 15k as A downtrend. at the end of the A wave (15500) we started an uptrend that we know as B. and finally, we have a C downtrend to the support zone. but there is a question, How high can the B wave rise? well, well, well ... let me tell you. we change the timeframe from weekly to daily. so we can see 35500-36000 is a very strong zone that causes to push the price in the previous movement to 69K. at this time we lost this support zone and unfortunately, this support zone converted to a Resistance zone.it's really bad news. I expect the price to retest 32500-33500 and then drop. it means the B wave will be finished. and a new correction wave is beginning. as I told you in the previous analysis we have three strong zones to support the price this first one is 9800-12500 the second one is 7500-8500 and the Third one is 3800-4300 it means the target of the C wave is one of three support zone. and if we close two days below the first support zone with high volume, the next support zone will be active. please pay attention to money management and put stop loss in your trade. I EXPECT YOU TO SHARE THIS ANALYSIS WITH YOUR FRIENDS AND WRITE YOUR COMMENTS BELOW. Thank you so much in advance.
BITSTAMP:BTCUSDShort
by ho3einmnd
1
Bitcoin Wyckoff and Elliott WaveThis is the structure I have been discussing on Twitter, YouTube, and elsewhere since the June 2022 swing low. Wyckoff methodology indicates that it is likely accumulation. The Elliott Wave count may or may not be correct locally. We want to see an impulsive breakout above that ascending red dashed resistance to signal that the wave ((ii)) flat structure may be complete, but a breakout above wave (b) is required to add confidence to that count. Further breakdown has a target of the daily pivot. If the count is correct, then wave ((iii)) of 3 has a minimum expected target of $42350 from here. The Daily RSI is printing hidden bullish divergence at the moment, but we need confirmation that it is complete. The daily Stoch RSI has reset into oversold, so a breakout of oversold would add more support to the idea that wave ((ii)) is complete. We can also note the red parabola. While price remains above that curved line we should continue to expect higher, overall, rather than a larger pullback. Let's see if we can get that rally from somewhere around this area.
COINBASE:BTCUSD
by Chris_Inks
8
DOGEUSDT | Wave Projection | ABC Pattern TP +60%Wave projection combined with price action and chart pattern trading signal > After a sideway breakout of mega falling wedge - the price pattern breakout of MA200 and made 2 false breakdown with a doubled bottom formation. > A potential ABC uptrend pattern now retesting MA200 confluent zone support at key volume profile POC and golden cross MA20x50. > If breakout successfully - TP1 @ 0.618 retracement +60% , TP2 @ 1.0 of Wave A +100%+ > Pullback Entry S1: MA200 - 0.80, S2: 0.74, S3: 0.68
Long
by dukeposh