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Elliottwaveprojection

Bitcoin bullish short termThat could be it for the bitcoin. The emotion in the bitcoin market is very high, especially in the bearish phases. Let's not let that get in our way and look at the technical factors of bitcoin - more specifically, the Elliott waves. According to my calculations, we are in an uptrend, at least for a short time. Bitcoin has approached the area of the wave (iii), the 1.618 extension and is currently building a clean 5divider. When bitcoin crossed 18060, I could hardly believe it. Right now we are in the (iv) of the i, so it will go up a bit before the next correction. We will probably reach the 300% extension at 19863 before correcting again. Are you invested in bitcoin? When do you think bitcoin will go up again?
BITSTAMP:BTCUSDLong
by DavidJankowski
BTC Intraday analysis update - Potential for massive BULL trap!!POSSIBILITY OF MASSIVE BULL TRAPS: As articulated in previous posts, the preffered count taken is that an ABC was completed at -$17400 with C wave subdivisions evident. With price strongly bouncing at the $16900, there is potential for alot of traders to become overly optimistic and a bull trap could occur; this could lead to a strong move coming posited to the downside which in turn would liquidate/stop new longs in the market with such optimism present. If price does manage to get above 17400$ this would invalidate this idea but for now this is the preferred play out and if such does occur then reevaluation of the count would be necessary. Volatility is on the rise; and a big move is likely incoming and we are yet to see the direction. If we do see a strong reversal from here a big sell off would be likely towards 16200 area as described in previous posts. Lets see how this plays out. Stay Safe!!
Short
by NICKVASS10
BTC is in the last stages of the corrective cycleOur view about the Bitcoin situation. The corrective cycle that started one year ago is reaching the last stages. Even though the current price could be an excellent option to buy BTC, we still believe BTC will make new lows until it goes down to the 12,000 level and reaches the Inflection Zone (green area) to end the corrective cycle. From there, we expect it will resume the uptrend and start the bullish cycle that will break the historic highs during 2023. We strongly believe this will be the last chance to buy BTC at this low price as we forecast that once wave 2 starts (II in orange, the new bullish cycle), the BTC price will never return to this price level. We will continue monitoring BTC and update you accordingly. Have a fantastic trading day
COINBASE:BTCUSDLong
by TradingtheRightSide
1
Depth of corrective waves. Elliott Wave.Elliott Wave Guidelines: Depth of Corrective Waves Understanding Elliott Waves is much more then the basic rules and 3s and 5s. A largely underused aspect of Elliott Waves is the Elliott Wave Guidelines. These go beyond the guidelines for each specific pattern and are meant to assist in determining the most probabilistic wave pattern. This is just the primary guideline of this larger Elliott Wave guideline. If you have found this inspiring/helpful, please consider a boost and follow! Also, check out the links in my signature to get to know me better! Cheers!
Education
by CryptoKnee
OFSS counter trend rally OFSS is in counter trend rally as a wave ABC, in which wave A and wave B are completed and now possibly we are ready to unfold wave C of B retracement in daily time frame. Price is in upper part of Bollinger band in daily Macd in daily positive crossover and Uptick Macd in weekly positive crossover and Uptick Rsi in daily above 60 uptick Dmi adx also positive in daily time frame Most traders 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....! Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult your Financial advisor before trading or investing I am not responsible for any any kind of profit or loss
NSE:OFSSLong
by RK_Chaarts
EURJPY buying (long) opportunityHello traders, today we want to share our view of the EURJPY. The long-term cycle is bullish and we believe there will be at least one more swing high or, in other words, another bullish cycle. This idea has the target of taking profit from this bullish cycle, There are two potential paths as we showed in the graph 1- Our forecast is that EURJPY will have to make another low before reaching the green area (which is the expected target the corrective structure WXY should reach before turning up) and then, we will buy EURJPY in the green zone. 2- Alternative path- The price will not reach the area and EURJPY has already ended 2 and it will start this bullish cycle before reaching the green area In both cases, in the medium term, we expect EURJPY to go up. Therefore, we can prepare to buy the EURJPY soon.
Long
by TradingtheRightSide
GBPUSD Selling opportunityHello traders, Today we want to share our view of the GBPUSD. The long-term cycle is bearish and we believe there will be at least one more swing low or, in other words, another bearish cycle. This idea has the target of taking profit from this bearish cycle, There are two potential paths as we showed in the graph 1- Our forecast is that GBPUSD will have to make another high before reaching the green area (which is the expected target the corrective structure WXY should reach before turning down) and then, we will sell GBPUSD 2- Alternative path- The price will not reach the area and GBPUSD has already ended 4 and it will start this last bearish cycle before reaching the green area In both cases, in the medium term, we expect GBPUSD to go down. Therefore, we can prepare in shorting the GBPUSD soon. TRS team
Short
by TradingtheRightSide
CRYPTOS: Time to go towards 0 OR $1m?While Crypto’s reputation has been undermined in the past, the speeches for their lifetime, their real value, and eventually their price, give investors enough ‘food’ for estimating where they could go under the recent circumstances after the collapse of FTX. There are many opinions heard from distinguished economists to big investors who say that Cryptos can go to zero or even $1m (particularly for Bitcoin). The founder and CEO of the investment company ARK Invest, Cathie Wood, impressed with her prediction for Bitcoin. As she said, the leading cryptocurrency will reach seven-figure levels by 2030. In particular, in response to a question during an interview with Bloomberg about whether she stands by her prediction that Bitcoin will reach $1 million in eight years, said she is. Of course, despite stating that Bitcoin will come out of the recession “smelling like a rose,” Wood said investors will feel more comfortable putting money into Bitcoin as well as Ethereum (ETH) once they better understand what’s going on. Technology has bypassed this entire crisis. Bitcoin’s hash rate is at an all-time high, and this is a true indication of the network’s security. In Ethereum, the total value staking is $24 billion. This is an all-time high. So, the infrastructure is working nicely, noted. Billionaire Tim Draper spectacularly revises his prediction for Bitcoin (BTC) to reach levels above $250,000 – a meteoric rise of more than 1,400% from the cryptocurrency king’s current levels, which will make it new gold. As for whether, amid this difficult period for the market, Bitcoin could reach these levels, Draper reveals what he believes would be the catalyst that would fuel a rally to $250,000. And the reason is that at some point you’re going to be buying food, clothes, and shelter in Bitcoin. Therefore, the real power is women. Women control 80% of retail, food, clothing, and shelter spending. In the past, one in 14 women had a Bitcoin wallet in the US, while now the ratio is one in six. And when women realize they can get a discount by paying in Bitcoin, when retailers realize they can double their profits by accepting Bitcoin, the currency will move pretty quickly to new highs. Even if the value of Bitcoin doesn’t go to zero, there is a serious possibility that the cryptocurrency industry will start heading towards oblivion, says Paul Krugman in an article in the New York Times. Cryptos reached the height of its popularity last year when Matt Damon’s ‘Fortune favors the brave’ commercial – sponsored by Singapore-based exchange Crypto.com – first aired. At the time, Bitcoin was the most famous cryptocurrency worth over $60,000. Bitcoin is now trading below $17,000. So, people who bought after seeing Damon’s ad lost more than 70% of their investment. In fact, since those who bought Bitcoin did so when its price was high, most investors in the currency — about three-quarters of them, according to a new analysis by the Bank for International Settlements — have lost money so far. On the other hand, the Economist’s analysis concludes that although fewer people will use crypto as a result of FTX’s collapse, it’s very hard to imagine that number will be small enough to nullify its value. Also, If only everyone would stop using it the cryptocurrency market will be zeroed out. But what would have to happen for everyone to give up? Pulling the rug out from all this edifice is extremely difficult, and the current high value of bitcoin and Ether makes it even more difficult. To attack a blockchain and shut it down, it is required to gain control of 51% of the computing power or the value of tokens staked to verify transactions. The more valuable the tokens, the more energy it takes to attack a proof-of-work chain like Bitcoin, and the more money it takes to attack a proof-of-stake chain like Ethereum. The security of these chains (blockchains) – as measured by the amount someone would have to spend to attack them – currently ranges between 5 and 10 billion dollars. It would take either a government or an extremely wealthy individual to carry out such an attack. And even if Elon Musk was in such a mood, he seems to be a bit busy at the moment. If one takes a closer look at the system, one will notice that most of them, except for Terra-Luna, are in the “on top of” category and not on-chain technology. DeFi exchanges and lending protocols continued to flounder even as businesses that looked more like normal businesses collapsed one after another. But the collapse of these businesses could compromise the underlying technology, removing chunks of its value, making blockchains more exposed to would-be attackers, and prompting miners or stakers to disable their machines. The value of on-chain activity and tokens is self-reinforcing. The more people use Defi, the more valuable Ethereum becomes. The higher the price of Ether, the higher the barrier to attacking the blockchain and the more confidence people will have that these chains will endure. This works the other way around too. The more people avoid encryption out of fear, the less secure it becomes. The total market capitalization of cryptocurrencies today stands at $820 billion. That’s 70% below the peak a year ago, but still high compared to most of crypto history. It’s higher than early last year, for example, and any point before that, including the peak of the 2017 bull market. From Elliott wave perspective, we are observing two different interpretations for the Crypto total market cap chart, however, both counts suggest that support can be near, at least temporary one. On the first count, we are tracking an A-B-C correction, where final wave C can be now in play, sitting at important 2017 highs and equal wave length A=C. In the secondary count, there’s a chance for a five-wave drop into first leg A of a bigger and deeper A-B-C correction, but even this count indicates for a corrective rally in wave B, as we see it trading in final stages of wave (5) of A. Ideally, we will see a reversal in 2023, but support for a fifth wave based on Fibs can be at around 400B. That's still far away, so be carefully with these assets. It’s still a bear market after-all.
CRYPTOCAP:TOTAL
by ew-forecast
3
ADAUSD | Wave Analysis | Giant Bull Flag Ending Diagonal +60%Price action and chart pattern trading > A possible ending diagonal minor 5-wave with a bull flag pattern as well as RSI bullish divergence > An upcoming reversal supported by a strong harmonic pattern - bullish deep crab squeezed below EMA20D - Entry point zone > Target TP1 @ Upper bull flag resistance zone +30% and TP2 @ X2 of Bull Flag EMA200D zone +60% > Stop Zone @ lower support of bull flag -10-15% > Risk reward ratio: 2:1 and 3:1 for short-medium term trade Always trade with affordable risk and respect your stoploss, nothing 100%
COINBASE:ADAUSDLong
by dukeposh
4
SPX- surprise Rally aheadThe 5 th wave fall on 3rd Nov'22 had not moved down the index significantly. hence we must recall the wave count that ,the correction (5 wave downfall ) is completed in the form of a neutral triangle abcde. Provided the low of 3rd Nov'22 (3698) respected(should not break). If this is so, until 11th Nov, all 5 waves of Expanding triangle A,B,C,D,E has been completed, and a new recovery wave ABC (3 waves)will start. This may begin with a santa claus rally from 14th Nov'22
SP:SPXLong
by selvamB
3