Diagonal trianglesThings that do not follow Elliott's basic rules can be seen in wave 1 or A or B or C or wave 4. The difference between these models is in the type of microwaves, which are multi-wave.
Elliottwaveprojection
TWITTERI have indicated my expectation for wave 2 with red cuts, bearish triangle indicates wave 4, it is not necessary to make a symmetrical triangle, I showed it as a possibility. I created correction 2 assuming that there will be no recovery in the world economy next year. not a recommendation.
BTC 20,550/20,850 then 18,950BTC has many fibs lining up in the same place - at 20,850. That is the 1.414 of AC, the 1.272 of OC, the Elliot Wave impulse of 2.14, and also this same level 20,850 is the 0.236 fib from 25,188 to current support (19.5k).
It would be a good idea to short this level if it hits. I expect a bounce (or drop) from 20,550 which is the 1.618 impulse from the bottom.
The target of the Short to then flip LONG is 18,950. Then we can continue to trade the channel.
ETH Daily swing direction based on Elliott-Wave calculationCurrently market seems to be on the edge. Not very clear structure and therefore I am expecting, we are still in a higher timeframe consolidation.
Right now, I am expecting to have a short relief until Wave B reached. Because of the lower timeframe structure, chances for a flat correction with Wave C are higher than a Zickzag and new lows.
But this can be validated as soon as we have the final structure for wave B.
Crude oil short for the short term crude oil short until fibonacci overlapped level, harmonic, applied fibonacci, Elliott wave are all in considerations
ETH Cup & Handle must hold wma200@1260 or 880/600 is comingIn this weekly chart,ETh must hold the green support zone near wma200 @1260 for the cup & handle pattern tp play out.
BULLISH SCENARIO: ABC has ended with wave C bottomed at 883 & a new EW cycle begins with a cup & handle holding the1260 green zone & a BO of wma20 is coming.
BEARISH CASE: A wave 5 of C is still in the making which may make a double bottom near 883 or even a lower low near 600.
We will anticipate but not speculate. BE REACTIVE & NOT PREDICTIVE!
Not trading advice
TCC | Wave Analysis | Falling Wedge Breakout TargetElliott Wave Projection - Price action and chart pattern trading
> Bullish Wedge Elliott Wave downtrend channel breakout
> Key resistance SMA200
> TP1 @ 0.382 retracement of previous wave 5 - volume profile point of control zone equal to distance of wave E to the falling wedge breakout point
> TP2 @ 0.5 retracement - upper resistance of key volume profile zone = distance of wave C > D from breakout point
> TP3 @ 0.618 retracement - equal to the distance of A>B +30%
> Entry @ Pullback SMA200 zone
> Stoploss @ SMA20 zone -10%+
> Risk reward ratio: 3:1
Always trade with affordable risk and respect your stoploss
🟩 Long BTC ( Don't forget to money management )Share your opinion in the comments and support the idea with Like.
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LANNA | Wave Analysis | ABCDE Triangle Breakout TargetPrice action and chart pattern trading
> Elliott Wave Projection - Rising triangle wave ABCDE breakout pattern
> TP1 @ Upper channel resistance wave v leading diagonal - 1.382 extension of wave iii +12% upside
> TP2 @ 1.618 extension of wave D +18% upside
> Stoploss @ SMA20 - 6-7%
> Risk reward ratio: 2.5-3:1
Always trade with affordable risk and respect your stoploss
Nasdaq short!possible zigzag correction, short entry with low risk. First TP at the the .618 fib and second near the bottom of the channel. SL above (B). Enjoy the decline! ;)... should happen fast, like tomorrow probably, or will look for an early exit.
UUUU Looks like Uranium starting a bull market soon, 5th wave can hit by spring 2023. UUUU has potential to hit $21 plus.
BTC getting ready for a 15% drop next week?BTC is currently forming a Rising Wedge pattern with proper Elliott Wave Counts. We can expect Wave 5 to reach around $25250, from where it may start dropping and breaks below the Rising Wedge Pattern.
1 Day 100 MA is also around @25200 currently. So a rejection can lead to this drop.
We can expect a 15% drop into $21500 levels next week.
>> This is not a Trading Advice.
>> Please DYOR
HANA | Elliott Wave Projection | Inverse Head&ShouldersPrice action and chart pattern trading setup
> Elliott wave projection downtrend breakout with inverse head & shoulders pattern
> A possible wave B rebound targeting 0.382 - 0.5 retracement of A
> Entry @ H&S breakout SMA25W
> Target @ 0.382 retracement of Wave A / SMA50W zone +25%
> Stoploss @ right shoulder / SMA400W -12%
> Risk reward ratio: 2:1
Indicator:
> RSI Week bullish divergence, breakout MA line
> MACD Week golden cross below baseline
Always trade with affordable risk and respect your stoploss
NDQ 13000-131000 coming ~~~ ElliotWave anlayasisse can see 13000 near level in coming day...
elliot wave this time give bearish signal
wave 3 near to end....
ZM accumulating @pandemic zone since Russian invasion; next TPsZM will continue to increase user base in the next few years even if work-from-home subdues. It has made a perfect ABC correction with A=C & is has been consolidating in the pre-pandemic 102 zone since Russian invasion started in Feb 2022.
The risk of worst-case scenario is very low compared to the great upsides if a new EW cycle begins after ZM breaks above the pandemic zone & go above Ichimuko cloud in the 4Q2022.
Not trading advice
PLTR upcoming new cycle W3 if BO >12, then 16 & 20 will be next.The 2020 low of PLTR is 8.90 which it broke below to make an ABC (A=C) at near 7.21 my max pain zone.
Max risk is only at 7.21 but the upsides are 8.90, 16 & 20. VERY GOOD risk to reward ratio.
A new Elliott wave cycle may have begun if PLTR holds the green 7.21 zone.
Not trading advice
NVDA: Will pull back soon, but bullish longtermNVDA provided a textbook 5-wave impulsive move off the low. The 3rd wave tagged the 1.618 extension and the 5th wave has reached the 2.0 extension. This move has been very clean. However, the fibonacci extensions have been reached and now momentum is beginning to fade (see MACD). That being said, I expect NVDA to pullback over the next 2-3 weeks. I would like to see price retrace to the .5 - .618 retracement levels, filling the gaps in an A-B-C pattern, followed by a push back above the Wave 1 high. If this happens, the price target for wave 3 will be in the 240-250 range.
USDJPY: Elliot Wave analysisIn yen, we can see that wave B has reached the end and in wave c its 5 waves have been completed and we are forming wave abc according to the chart.
GBPUSD: Elliot Waves Of GBPUSDHello friends. If you pay attention and move the chart a little, all the waves are labeled correctly and accurately, and finally I tried to check the waves even in the lower time frames. It seems that the pound has reached the end of wave b and I expect it to grow to the range specified for wave c. This currency is on a monthly basis and will give you a long-term view.
Btc usdt long term scenerio According to Elliot wave theory btc had completed its ABc correction and now are at wave 2 thats also corrective wave. next wave will be wave 3 blast off.
Bitcoin Doomsday Vs. 100k + Rampage. Here's HowHey Everyone! Thanks for dropping in to see how bitcoin can crash to sub 29k or break up to 100k + Targets. In this quick summary I'll give you my bias and a break down of the invalidations of these two paths. Let's dive in!
Count 1 is the 1,2,1,2 impulse wave to the upside. This count gets invalidated if we break under 44k.
The likelihood of this count coming to fruition increases when we break over 51k.
Count 2 is the pink ABC, which connect to the downside with the red arrow and would take us sub 29k low. This count increases in probability by getting rejected in our current box under 51k and then having price fall to 44k, and is looking extremely strong under 37.5k. This count gets invalidated when price extends above 51k and 100% invalidation is at 56.4k.
My current bias is the ABC that doesn't get above 51k. As such, I've taken profit on mid term/long term holdings in this critical zone. If we break up, I'll add them back in with a missed opportunity cost of about 10-12%.
Check out the signature below for free trainings on mastering the markets using the NewWave System.
*DROP A COMMENT ON WHICH COUNT YOU THINK WILL PLAY OUT*
VRA coming up behind ADA and SOL... 100% Gain Potential InboundHey everyone!
VRA detaching from the majority of the market with a few others to attempt a new high. I think it can do it, bringing up the rear of ADA and SOL's performances. CAUTION once this target gets high as the weekly will be printing its first bearish divergence, it will be a strong take profit signal at the least where we will then look for hidden bull divergence to print on weekly for some reassurance of consolidation at these lvls and continuation.
I've got a 1:1 ext. on the chart as a potential complex correction pivot target. We will likely see some resistance here, so the pullback will signal the entry if we can get a controlled rejection rather than a harsh one.
Follow for more updates and insights and if you enjoyed this outlook please hit the like button to support the channel.
Checkout the related idea below on ADA going to $10 vs Sub $1.
Let me know your bias in the comments below for VRA
#VRA #Verasity #vrausdt #vrausd #cryptocurrency #crypto
XRP Ripple Gearing Up For A CorrectionHey Everyone, Schyler here with NewWave Traders.
In this chart I'm projecting XRP to experience a correction mid term with continued upside. This dip will be for buying in my opinion.
Bearish divergence between the 3rd and 5th wave as well as wave structure supports this bias and some TDI signals on top of that.
Let me know your thoughts in the comments below. Are you invested in XRP? Do you just trade it? Would you buy this dip I'm projecting?
Look forward to your answers below.
