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Elliottwaveprojection

Corrective Wave and Chart Pattern Analysis - RSI TFW DivergenceCorrective Wave Structure a ABC Analysis pattern in TFW timeframe Observations: A bullish divergence is evident in the momentum near the support zone indicating weakening bearish momentum, the end of wave C, and a potential reversal to the upside. Analysis: - Wave A: completed descending channel retraced 61.8% of previous uptrend with 5 wave diagonal pattern - wave A.1 the shortest and wave A.3 is the longest. - Wave B: retraced 61.8% of Wave A with an extended flat 3 wave abc pattern - wave B.c extended 261.8% of B.a - Wave C: A descending triangle /ending diagonal pattern is visible within Wave C current extending 61.8% of Wave A. Support: - The Green zone (liquidity support) around 4.50 THB is significant, acted as a strong support level multiple times in the past. - A breakdown below this zone could lead to further downside (red arrow scenario) while holding above it might trigger a reversal (green arrow scenario). Breakout: - Resistance levels marked by Wave B’s high 6.4+ THB and intermediate levels around 4.9+ THB are critical breakout moving average 20 week dynamic resistance zone. - An upward breakout past these levels would confirm the end of the corrective phase and the start of a new bullish impulse wave. Potential Scenarios: Bullish Case (Green Arrows): TP1: Price holds the liquidity support zone and breaks above 5.50 THB (near-term resistance). TP2: A successful retest of 6.50 THB Wave B zone could lead to a new bullish wave formation. RRR: 3:1 Bearish Case (Red Arrow): A break below the liquidity support zone 4.50 THB would confirm continued bearish pressure. Price could target lower levels, possibly extending toward 3.50 THB or beyond. Action: + Look for bullish confirmation with a breakout above descending triangle (ending diagonal) resistance 4.80 THB zone + Watch for volume surge volume profile indicator to validate the reversal trigger. + Monitor price action near the liquidity support zone 4.50 THB. + Accumulate only if the support holds and momentum confirms a bullish reversal. Always trade with affordable risk, respect your stop.
SET:NERLong
by dukeposh
XRP the time has finally come COINBASE:XRPUSD alright guys today is an exciting day... long position buy order set for $2.10....can set for $2.15 just to be sure order fills....that 5 cents is not going to matter one bit for the next move that is imminent....we are currently in an ABCDE correction after Novembers wave 3 rip that we all enjoyed...i am excited to say we have reached the end of our time here in this corrective phase and the time to move up is here. we have been inside this bull flag since November and through the entire month of December... we have now reached the wave E and are very much in the final leg...price drop to 2.08 area to the bottom of the trend line will then result in the beginning of the 5th wave where will see a very dramatic price spike to the upside and out of this bull flag....my personal price targets for exits will be $2.98-$3.49-and $3.76....with other technical analysis from the community suggesting a much higher price than even these...its important to remember your game plan. and to stick to it..dont let someone elses opinion effect your vision. know your exit and follow through...without a proper exit strategy and the discipline to stay on course in the moment you might as well just be throwing mud at the wall and hoping some sticks...with discipline you will profit...with greed you will be the last one holding the bag...good luck
COINBASE:XRPUSDLong
by xBIGxTRUSSx
35
Predicting Bitcoin's Cycle Using the Elliott Wave Theory, Part 3Hello Traders. With the new year upon us, I think sufficient time has passed for the charts to develop from our previous #Bitcoin analysis. Having accurately forecasted the macro trends for each pivot within a reasonable margin of error, I believe we're approaching another pivotal moment this year, aligning with our previous predictions. Please take this post with a grain of salt, and more importantly, please use it to add confluence to your personal theories. In this post, we will be diving deeper into the Elliott Wave Theory by also integrating the Wyckoff Market Cycle Theory. By combining the two theories, the chart below represents our current position within the final leg for what could be giving us signs of a possible reversal (again, within margin of error depending on how far wave 5 extends): Wyckoff believed that markets move in cycles, which arguably has a direct correlation to the Elliott Wave 5-wave/3-wave cycle. Wyckoff introduced a four-stage market cycle , attributing it to the actions of institutional players who strategically influence price movements to capitalize on the behavior of uninformed traders. Simply put, the theory gives us a further understanding of 'cause and effect' within the markets. In my view, the Wyckoff cycle also does a fantastic job of representing market psychology. And if intertwined correctly with the Elliott Wave Theory, price action tends to follow patterns in similar ways. The Elliott Wave Theory and Wyckoff Theory often overlap in their application and interpretation of market behavior, but they approach the market from different perspectives. Both theories aim to understand and predict market movements based on the behavior of market participants and price cycles, making them complementary in many ways. Commonalities Between the Elliott Wave Theory and Wyckoff Theory: Market Cycles - Wyckoff Theory identifies a four-stage market cycle: Accumulation, Markup, Distribution, and Markdown. The Elliott Wave Theory also emphasizes cyclic behavior through a fractal structure of impulsive and corrective waves within broader market cycles. - Both theories suggest that price movements are not random but follow identifiable patterns driven by market psychology. Psychological Basis - Wyckoff focuses on the interaction between "big players" (institutional traders) and "uninformed traders," highlighting group psychology and how institutional actions exploit public sentiment. - Elliott Wave focuses on the crowd psychology behind price movements, suggesting that mass investor sentiment drives waves in predictable patterns. **Both theories reflect the influence of human behavior and emotions on market prices.** Application Across Timeframes - Both theories are applicable across multiple timeframes, from intraday trading to long-term investments. This flexibility allows traders to use them in conjunction for deeper market analysis. Identification of Trends and Reversals - In Wyckoff Theory, phases like Markup and Markdown align with Elliott Wave's impulsive trends, while Accumulation and Distribution phases can correspond to corrective wave patterns. - Both approaches aim to identify key turning points in the market, helping traders anticipate trends and reversals. ----- The Four Stages of the Market Cycle According to Wyckoff Accumulation Phase This is a sideways range where institutional traders accumulate positions quietly to avoid driving prices higher. During this phase, the asset remains out of the public spotlight, and uninformed traders are largely unaware of the activity. On a price chart, the phase appears as a range-bound movement between areas of support and resistance. Markup Phase Following the accumulation phase, the market enters a classic uptrend. As prices rise, uninformed traders begin to notice and join in, further fueling the rally. Institutional players may take partial profits or continue holding for greater gains. Short sellers caught off guard are forced to cover their positions, adding additional buying pressure and driving prices to new highs. Distribution Phase After the uptrend loses momentum, the market transitions into a sideways range, marking the distribution phase. Institutional players use this period to offload their holdings, while uninformed traders, still expecting higher prices, continue to buy. Some institutional traders may also initiate short positions during this phase to benefit from the subsequent price decline. On the price chart, this phase appears as a reversal of the uptrend into a sideways range. Markdown Phase The markdown phase is characterized by a downtrend following the distribution phase. Institutional traders add to their short positions, while uninformed traders, recognizing the decline too late, sell in panic, creating further downward pressure. The market eventually reaches new lows as selling accelerates. The Model of Group Psychology After the markdown phase, the cycle often repeats, moving from accumulation to markup, distribution, and markdown again. The Wyckoff cycle offers a simplified perspective on market behavior, focusing on the psychological dynamics between two groups: institutional traders (the "big players") and uninformed traders (the "small players"). It highlights how the mistakes and emotional reactions of uninformed traders often benefit institutional players. The Wyckoff cycle provides valuable insights into market behavior but is not without limitations: Limitations of the Wyckoff Trading Cycle Difficulty in Identifying Phases Distinguishing between accumulation and distribution phases can be challenging. What appears to be an accumulation phase might turn into a distribution phase, with the market unexpectedly breaking lower. Timing Challenges Entering trades during accumulation or distribution phases is difficult due to the lack of clear stop-loss levels. Placing stops around support and resistance often leads to being trapped. Complexity in Trading Trends Trading the markup and markdown phases requires skill, as they are filled with complex price action patterns. Modern markets often experience frequent trend reversals, complicating trade execution. Irregular Cycles The market does not always follow the textbook sequence of accumulation, markup, distribution, and markdown. Variations such as accumulation followed by markdown or other combinations are possible. Despite its limitations, the Wyckoff cycle remains a useful framework for understanding market behavior. It is best combined with other strategies, such as price action and market dynamics, to enhance its practical applicability. While modern markets may reduce the cycle's predictive reliability, it still serves as a powerful tool for traders who know how to apply it effectively. Proper Application of the Elliott Wave Theory and Wyckoff Overlap (in Practice): Trend Identification: The Markup Phase in Wyckoff often aligns with Elliott's Impulse Waves (1, 3, and 5), while the Markdown Phase aligns with corrective waves or bearish impulses. Sideways Markets: Wyckoff’s Accumulation and Distribution phases correspond to Elliott’s Corrective Waves (A-B-C) or sideways consolidations (Flats and Triangles). Volume Confirmation: Traders can use Wyckoff’s volume analysis to validate Elliott Wave patterns, especially in identifying wave 3's (typically accompanied by high volume) and wave 5's (often showing declining volume). Timing and Execution: Wyckoff’s emphasis on identifying support/resistance levels and trading ranges can help refine the entry and exit points suggested by the Elliott Wave Theory. Combining the Two: Many traders find value in combining these theories: - Use Wyckoff to identify key price levels and market phases (e.g., when accumulation or distribution is occurring). - Use Elliott Wave to determine the broader trend structure and anticipate the next moves within those levels. - By integrating Wyckoff’s volume-driven approach with Elliott’s fractal patterns, traders can gain a comprehensive view of the market and improve their ability to time trades effectively. ---- By integrating the concepts from both theories and the outlined schematics, we can now take a closer look at how Bitcoin is behaving through the lens of these frameworks. As observed, Bitcoin appears to be nearing the completion of the potential 5th wave we've been discussing over the past year. In my view, a bear market (or at least a significant correction) may be approaching. While timing is uncertain due to the unlikely nature of extensions, we can use insights from both Wyckoff and Elliott Wave theories to gauge our current position. I believe we are likely in the Distribution phase, which aligns with the 5th wave. The 5th wave can extend as much as it wants, but it won't change the overall conclusion of the cycle. We still anticipate the cyclical behavior that Bitcoin has shown in the past. While past price action isn't necessarily a predictor of future movements, it often follows a similar pattern.
BINANCE:BTCUSDEducation
by XForceGlobal
22
CAVA initiating the 5th wave?Hi there! It is my first post, so be kind :) CAVA seems to be on the verge of the fifth Elliott wave: 1. After a downward trajectory since mid-November, price bounced nicely off a support line, which also corresponds with the 0.618 Fib level of the third wave. 2. Price might also be respecting a potential weekly trendline. 3. WaveTrend positive crossover, indicating a possible reversal of the downward trend since November. 4. RSI and Stochastic emerging from the oversold territory, confirming the possible reversal of the downward trend since November. 5. Price action finds itself in a possible falling wedge, which should be bullish. Target: at least the 3rd wave level. Stop loss: just under the support line. Any comments or suggestions? Thanks!
NYSE:CAVALong
by Lova3000
Elliott Wave Analysis on MNQ: Anticipating Wave 3Hello, TradingView community! As I am exploring the Elliott Wave Theory with the Micro E-mini Nasdaq-100 Index Futures (MNQ), I've observed the potential start of a new impulse wave sequence after completing an ABC correction on Friday morning and starting new impulse wave 1 with corrective wave 2 in the afternoon. Based on this, I expect we may be entering the longest wave 3, aiming for a target of 22,800, supported by the 161.8% Fibonacci extension. This target for wave 3 I chose for its typical strength and reach. The 12/18 liquidity level is critical here; a breakthrough could indicate strong buy-side support, confirming the bullish trend. I used Fibonacci levels to manage potential pullbacks and determine profitable exits 1 and 2. Additionally, monitoring market structure shifts helps validate the continuation of the upward trend. I am eager to hear your thoughts or corrections on this analysis, as I am still grinding my skills in applying Elliott Wave principles effectively.
CME_MINI:MNQ1!Long
by von_goetz
4
EUR /USD 4hr bearish wave FX:EURUSD 4-hour chart suggests that we are currently in a bearish wave pattern, which is expected to persist into early next week. The progression is as follows: • The first wave has already started and is targeting the 1.04678 range (2nd wave). • A deeper decline is anticipated for the 3rd wave, reaching around 1.03123. • A corrective bounce may occur in the 4th wave, retracing to approximately 1.04168. • The final bearish push, the 5th wave, is projected to reach around 1.02164. This wave structure aligns with continued downside momentum, with corrective pullbacks likely along the way.
Short
by kenbol
The Crypto Space - Clarity Through COINNASDAQ:COIN has had a phenomenal run since the beginning of 2023, currently up about 1,100% within 2 years! In this Elliott Wave Analysis, I present my view of where I think Coinbase will stall and fall. So far the sequence is filling up nicely and has presented, those with a keen eye, several opportunities to join the 11x party :) As per this 2 day chart, I believe we are quite close to completing w3 of w(5) . In terms of EW, the chart is very clean and has been bouncing off Fibonacci support and resistance, for each wave degree, with relative precision. I would like to see price tag $353 - $375 then drop to $300 - $271 , before proceeding to a new high between $416 - $457 to complete a full five wave sequence from the 2023 lows. The sell off, thereafter, should be significant and if the space survives will present another opportunity for similar or greater returns during the next cycle. This should also coincide with a cyclical top across the cryptoverse. What are your thoughts?
NASDAQ:COINLong
by investornomics
3
Deeper Lows Ahead Before Reversal in SILVER ? Elliott WavesThe chart suggests a potential downward trend for Silver to complete wave (C) Blue of wave ((4)) Black and then wave Uptrend ((5)) Black. Elliott Wave Structure: The chart appears to be in a corrective wave structure, likely a Zigzag. The current position seems to be within a corrective wave ((4)) Black in which wave (A) & (B) are completed and now we are unfolding wave (C) Blue of ((4)) Black. Inside wave (C) we had completed wave 1 & 2 and now we are unfolding wave 3 Red in wave (C), post wave 3, we have to unfold wave 4 & 5 Red to finish wave (C) Blue of wave ((4)) Black. Potential Scenarios: Downside: If the downward trend continues, the price may reach Fib extension level where wave (C) equals with wave (A) and some times may goes towards 1.236 Fibonacci extension level. Post completion wave ((4)) Black, we may see Reversal towards new Highs to finish wave ((5)) which generally goes beyond wave ((3)) High. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
TVC:SILVER
by RK_Chaarts
1
NVDA - finding an Exit on LongsIn this short piece, I present some visuals of my ideas on NASDAQ:NVDA targets. If the chart patterns play well then my intention is to exit at around $183 to $193 and then catch the wave (4) low ideally at $146 , for the final push up in this sequence in to $210 or slightly higher for a final exit. Viewed from the perspective of a weekly or monthly chart - NASDAQ:NVDA doesn't look complete at those higher levels, however, I suspect that the end in to the wave (5) around $210 will complete a multitude of larger wave degrees, thus start a much larger degree (wave 4) correction from that point. **NVDA may be a strong barometer for the market peak on an intermediate scale. I will certainly consider this strongly.
NASDAQ:NVDA
by investornomics
Final Post: The Collapse Is Brewing🚨 Final Warning: The Collapse is Brewing 🚨 The market is flashing unmistakable warning signals. If you’re still clinging to the idea of endless upside, it’s time to confront the data. Here are the key reasons why the market is on the brink of a major crash: 1. Record Dumb Money Investment, Consumer Debt, and Reckless Behavior Small traders, often referred to as “dumb money,” are more heavily invested in equities than ever in recorded financial history. Historically, these traders are most bullish at market tops, while smart money—like institutional investors—are quietly exiting. A prime example is Warren Buffett and Berkshire Hathaway. Buffett, widely regarded as one of the greatest investors of all time, has been signaling caution through his actions. Berkshire Hathaway is on track to finish its second straight year as a net seller of stocks, unloading a record $133.2 billion in equities through the first three quarters of 2024. The majority of these sales came from its largest holding, Apple (AAPL), generating over $125 billion in proceeds. Buffett's reluctance to reinvest that capital is a significant red flag. Even more telling, Berkshire has not repurchased any of its own stock this year for the first time in six years, signaling that Buffett believes even Berkshire itself is overvalued. This aligns with his famous adage: “Be fearful when others are greedy, and greedy when others are fearful.” At the same time, households are drowning in record levels of debt. Credit card balances have surged to all-time highs, and auto loan delinquencies are near record levels, signaling that consumers are stretched to the brink. Meanwhile, households have allocated more of their portfolios to equities than ever before, reaching record levels of stock investments as a percentage of total household equity. This dangerous combination of overleveraged consumer spending and peak exposure to equities creates the perfect storm. When the market begins to fall, liquidity issues and forced selling could accelerate the crash dramatically. 2. Elliott Wave Analysis: A Probable Turning Point When Wave 3 is extended, Wave 5 is typically shorter and often mirrors the length of Wave 1. In the chart above, I highlight a potential key target at 6,104.51 on the SPX, where Minor Wave 5 will equal 161.8% of Minor Wave 1. This level represents a probable turning point, as Wave 5 is unlikely to extend much further given the size of Wave 3 and the guideline concerning Wave 3 extensions. Additionally, the Minor Wave 1-3 trendline, shown on the chart, is a critical resistance level and a reliable predictor for pinpointing the end of Wave 5. This trendline suggests that Wave 5 is ending very soon, most likely by the end of the year. 3. Uninverted Yield Curve (After a Record Inversion) Buffetts favorite recession indicator! The yield curve has recently uninverted, a historically flawless predictor of recessions. But this time, it spent a record amount of time inverted, signaling extreme stress in the financial system. There is a strong historical correlation between the length of the inversion and the severity and length of the subsequent recession. With this inversion lasting longer than any in recorded history, the implications for the economy could be catastrophic. Final Thoughts The writing is on the wall. With record dumb money investment, Elliott Wave pattern nearing completion, a recently uninverted yield curve after a record inversion, and record consumer debt, the market is primed for a crash. Banks are sitting on over $500 billion in unrealized losses—and that’s just what we know of. The cracks in the financial system are growing, and in 2025, we should prepare for a 40-50% correction in US equities and banking failures across the globe. Greed and recklessness have reached unsustainable levels. History shows that these excesses are always punished, and this time will be no different. Stay cautious—this is your final warning. There will be no other post.
SP:SPXShort
by BardiniCapital
4
GBP/USD Analysis: Key Levels in Focus Amid Mixed TrendsHello Traders, Trust you are great. Below is my perspective on the probable direction of GBPUSD in the coming days. Overview On the H4 timeframe, GBP/USD remains in a bullish trend. However, on the H1 chart, the pair is consolidating within a bearish structure. Key resistance levels are observed at 1.27219 and 1.27026, with the recent high at 1.27496 marking a critical threshold for further upside movement. Idea There is potential for a short-term rise in price, but the advance is likely to remain capped below 1.27496. The overall expectation is for the pair to break below the trendline after this upward movement. A confirmed close beneath the trendline could lead to a decline toward the 1.25400 price region, where strong support might trigger a bounce. Additionally, earlier unusual volatility caused a sharp downward spike, but this has since eased, and momentum has weakened significantly. Conclusion While a downward move appears probable, a break above the Friday high of 1.27496 would invalidate this bearish outlook and signal a continuation of the bullish trend. Do let me have you thoughts. Cheers and happy trading!
Short
by Samuel124
2
ACHR: Long Position @ Wave 5 (Elliot)Step 1: Ride the Wave 5 Momentum ACHR is about to start its Wave 5 rally, offering an excellent short-term long opportunity. Currently we're in the middle of Wave 4 and we will likely experience 3 to 5 days of accumulation/indecision before Wave 5 starts. Let’s break it down: Slow Stochastic Bullish Momentum The Slow Stoch oscillator is signaling strong bullish momentum, albeit in overbought territory. This is typical during Wave 5 and suggests further upside potential before the trend exhausts. Staying with the momentum while it lasts can be very rewarding. Massive Volume Spike In the last three weeks, ACHR has seen a significant increase in volume, indicating strong buying interest. Volume often leads price, and this kind of activity strengthens the case for continued upward movement. The surge in interest can drive the stock toward its next key resistance around $9.84. Fundamental Catalysts Driving Momentum Recently, ACHR has achieved major milestones, such as progress on FDA approvals and securing new contracts and orders. These developments add to the bullish sentiment, attracting more traders and creating a supportive backdrop for the rally. Trade Execution: Enter a long position now to take advantage of the current momentum and aim for a target near $9.84 (the resistance zone). Consider tightening your stop-loss to protect profits as the stock approaches this level. Step 2: Exit, Wait for the ABC Correction, and Re-Enter for a Bigger Move After completing Wave 5, the market is likely to enter a corrective ABC phase. This is where it’s smart to exit your position and wait on the sidelines. Why? The correction will likely bring the price down to a more attractive level, allowing for a better risk-reward setup for the next big move. Once the ABC correction concludes, re-entering around the key support zone sets up a new long opportunity with an eye toward the Q1 2025 target of $12. The long-term fundamentals of ACHR and its growing momentum in the market make this a high-probability setup. Trade Execution: Watch for the corrective phase after Wave 5 completes. Use Fibonacci retracement levels or support zones to identify a potential re-entry point.
NYSE:ACHRLong
by felipegomesbwm
ADAUSD | Wave Analysis CUP&HANDLE Formation +200% TargetA potential ABC correction - cup with bull flag / flat handle ABC formation which currently retraced 61.8% of the A/1 wave with a possible a.4-a.5 stop hunt ending diagonal for a second false breakdown. Entry Position: Once price successfully recovered from the false breakdown support zone which could be a few attempts since wave 4 often a complex triangle. Indicator support: RSI bullish divergence in TFD confirmation of the a.5 wave. Target Position: TP1 @ 161.8% and TP2 @ 200% Fibonacci extension +200%! Invalidation: Below the lowest price position. Always trade with affordable risk and respect your stop, Good Luck
COINBASE:ADAUSDLong
by dukeposh
3
WEATH : Recovery ahead?Wealth First Portfolio Management Ltd – Daily Chart Analysis 1. Golden Extension Zone (113%-127%) Reaction The price reversed after reaching the Golden Extension Zone near ₹1,693.80. This zone acted as a strong resistance, pushing the price down into a key Demand Zone (₹1,355-₹1,331) . 2. Corrective Structure and Support The price appears to follow an ABC corrective wave pattern , with wave C nearing completion around ₹1,395.20. Initial support has been observed in the Demand Zone , suggesting potential for a reversal. 3. Trading Plan and Key Levels b Bullish Scenario If the price sustains above ₹1,355, it could rally toward the Golden Retracement Zone at ₹1,666-₹1,710. Key Levels: Target 1: ₹1,666.60 Target 2: ₹1,710 b Bearish Scenario A break below ₹1,319 (day close basis) may trigger further downside to the next Demand Zone at ₹1,127-₹1,155 . Stop Loss: ₹1,319 (day close basis). 4. Observations and Indicators Volume: Higher volume near the current Demand Zone hints at potential institutional buying. Moving Averages: The price is trading below the short-term MA, indicating caution until a confirmed reversal. 5. Macro Considerations Sector-related news or market-wide movements may act as catalysts for either direction. Monitor updates closely. 📈 Share Your Views Below! Does this setup align with your strategy? 🚀📉
NSE:WEALTHLong
by LiveTradingBox
APTOS, DO NOT MISS THIS ONE 600%+Absolutely beautiful leading diagonal on APTOS formed which will be the wave 1 of the second scale of the macro wave 1. This will be a huge move triggering the first wave 3. I'm expecting a minimal target for the completed wave of $48+! I'm scaling in heavily starting from the unlikely to hold fib 0.382 (probably a strong bounce) but hitting hard at 0.5 & golden zone. If it actually starts holding above the wave 1 high & golden zone and we get a very rare shallow wave 1 correction, i'll ape in also. See you at $48 boys!
Long
by Gojira-san
Bitcoin, BTC, You're not Bullish enough... $400k, $600k, $1.5mCan you feel that? the weight has been lifted... With Trump winning the election expect BTC to rally. Hard. Garry Gensler? Day 1, gone. Elizabeth warren, powerless. Larry Fink - the CEO of the worlds largest asset manager is calling BTC a "flight to safety", saying "it's bigger than any government" & "its digital gold"... The stars have aligned, we're all set for cryptos version of the .com rally... Key Points Trump won the election - extremely bullish for bitcoin Trump has said the US Gov will not sell the BTC & This will form the foundation of a BTC Strategic Reserve Day 1 he will fire Gary Gensler He wants to make America the global leader of crypto Larry Fink - "flight to safety", "it's bigger than any government", "its digital gold" 2011 - 2015 Pitchfork still framing Bitcoins price almost 10 years later 1.618 pitchfork marked the 2017 top First Algo target from 2015 - 2021 & second Algo target from 2011 - 2013 at $55,000 & $62,000 marked the 2021 double top 1.236 pitchfork boundary marked the first top in 2021 & the 1.0 pitchfork boundary marked the secondary high in 2021 First Algo target from 2020 - 2021 at about $126,000 Second Algo target from 2020 - 2021 at about $372,000 Second Algo target from 2015 - 2017 at about 395,000 1.382 Pitchfork boundary in confluence with algo targets for a November top 1st target for the 3rd wave comes in at $563,000 1:1 range expansion from 2011 - 2013 at $608,000 2.0 pitchfork boundary in confluence with algo target in September 2nd target for the 3rd wave at $1,500,000 by June 2026 The Trade? Do everything you can to acquire as much spot Bitcoin as you can while we remain in this re-accumulation range, then diamond hand it as long as you can bare. A trade with big flashing neon signs like this doesn't come up every day. Depending on your time horizon & personal objectives taking money off the table at key targets would be wise while leaving enough in for over performance. Remember to self custody, "not your keys not your crypto". D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
BITSTAMP:BTCUSDLong
by TribeWriter666
5