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Elliott Wave

Bitcoin Pullback or Trend Reversal? Key Levels to Watch!Bitcoin failed to Break the $107,000 Resistance as in the Previous post (the 7th attack failed ). Bitcoin ( BINANCE:BTCUSDT )is moving in the Resistance zone($100,520-$97,200) , near the Support lines , the 50_SMA(Daily) , and Monthly Pivot Point . This upward movement these few hours can be in the form of a pullback to 50_SMA(Daily) and Support lines (broken) . Of course, the worrisome point is the momentum of this upward movement . According to the theory of Elliott waves , this increase of these few hours can be in the form of the main wave 4 . The main wave 4 structure so far is a Zigzag correction(ABC/5-3-5) . I expect Bitcoin to once again attack the 100_SMA(Daily) and the Heavy Support zone($93,300-$90,500) . Cumulative Short Liquidation Leverage: $102,926-$100,450 Cumulative Long Liquidation Leverage: $92,570-$91,249 Note: If Bitcoin goes below $97,000, we should have more confidence that this analysis is correct. Note: If the CME Gap($102,580-$100,320) fills in this uptrend, we should expect another attack on the $107,000 resistance. Do you think the correction of Bitcoin continues, or should we wait for Bitcoin re-pumps in the coming hours? Please share your ideas in the comments. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
12
Gold's Uptrend Nearing Key Reversal Zone—Time to Sell?Gold ( OANDA:XAUUSD ) is creating a new All-Time High(ATH) during these few days; finally, how far can gold continue this upward trend? What do you think? Educational Note : From the point of view of Technical Analysis , when the asset is forming an All-Time High(ATH) and the previous history of the price is not around the price, the analysis becomes a little difficult, but we must be able to make the best use of the technical analysis tool. ---------------------------------------------------- Gold is entering the Potential Reversal Zone(PRZ) . Also, Gold is facing a Series of Resistance lines that can stop its increase . From the point of view of Classical Technical Analysis , it seems that Gold is in the Ascending Broadening Wedge Pattern formation. Do you agree!? Educational Note : An Ascending Broadening Wedge is a bearish technical pattern characterized by higher highs and higher lows that expand over time. It signals increasing volatility and weakening bullish momentum, often leading to a breakdown below support. Traders watch for a confirmed breakdown as a short-selling opportunity. According to the theory of Elliott waves , Gold seems to be completing microwave 5 of the main wave 5 . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks. I expect Gold to start falling after entering the PRZ and at least to the lower line of the wedge pattern and Support zone($2,800-$2,787) . Note: If Gold breaks the Resistance lines and goes above $2,873, we should expect Gold to increase further. Be sure to follow the updated ideas. Gold Analyze ( XAUUSD ), 1-hour time frame. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
4
GOLD → Price is susceptible to manipulation. Correction?FX:XAUUSD amid high risks of tariff wars and high inflation reaches a new ATH and trend resistance, but due to manipulation by politicians there is a possibility of a small correction. Gold price is consolidating above $2,800 after an all-time high of $2,831, awaiting US employment data and Fed speeches. Volatility increased amid manipulations about Trump's tariff policy: first they set tariffs, then a few hours later they cancel them. In a word, “politicians”. Gold is going into correction after a false breakout of resistance of the ascending channel and on the news about temporary suspension of tariff increase by the USA. Overall gold is holding its ground as the Fed remains cautious on rate cuts. Resistance levels: 2817, 2830 Support levels: 2811, 2801, 2790 If the price breaks 2811 and consolidates below this area, we should expect a correction to 2800 - 2790 in the short term, there is no hint of a trend change, growth may continue from the key support areas. Regards R. Linda!
FX:XAUUSDShort
by RLinda
9
GBPUSD → A breakout of trend resistance. Change?FX:GBPUSD is forming a local trend change attempt. The price breaks the resistance of the descending price channel and forms a consolidation above the line, in the buying zone. The fundamental background is very complicated and not stable because of Trump's policy and the tariff war with the whole world. Sharp shifting statements have a huge impact on the markets. Technically, the price is breaking the resistance of the long downtrend and we have a chance to change the local trend. A breakout of the resistance at 1.2488 and a price consolidation above this zone may motivate a buyer to support this move. Resistance levels: 1.2488, 1.26 Support levels: 1.2414, 1.2377 The price may test the previously broken channel resistance before rising further, but the 1.2488 trigger plays an important role. If the bulls can keep the defense above this area, the currency pair may rally a bit in the short term. Regards R. Linda!
Long
by RLinda
5
# ChainLink (LINK/USD) Weekly Elliott Wave AnalysisOverview 📊 This analysis examines ChainLink (LINK/USD) on the weekly timeframe using Elliott Wave Theory and Fibonacci levels to determine potential price movements. 🔹 Current Price: $20.66🔹 Key Trend: Impulsive structure in progress🔹 Indicators Used: MACD, RSI, Fibonacci Retracement & Extension🔹 Chart Pattern: Five-wave Elliott structure with potential upside targets 1️⃣ Elliott Wave Count 🔍 Primary Degree (Macro Trend) 📌 The primary Elliott Wave count suggests a classic five-wave impulsive structure: Wave (I): Initial impulse rally Wave (II): Corrective decline, forming a bottom Wave (III): Strong expansion wave with key retracement levels Wave (IV): Potential pullback region before the next bullish phase Wave (V): Final expansion phase leading to the macro target zones ⏳ Current Progress: Price is in the early stage of Wave (III) within the broader cycle. Intermediate & Minor Degree Waves Intermediate Wave 1 is completed, and Wave 2 retracement is in progress. The 0.382 ($18.57), 0.5 ($15.83), and 0.618 ($13.54) retracement levels serve as possible support for Wave 2 before a continuation move upwards. A bullish reaction at these levels could confirm the start of Wave 3 within the intermediate cycle. 2️⃣ Fibonacci Targets & Key Price Levels 📈 Primary Wave (V) Extension Targets 1.618 Fib Extension: $94.09 (Major target) 0.618 Fib Extension: $207.77 (Long-term macro target) These targets suggest a strong potential bullish continuation. Wave (IV) Retracement & Pullback Zones 1.236 Fib: $52.79 (Potential resistance) 1.382 Fib: $49.17 (Wave IV correction zone) 0.382 Fib: $36.90 (Pullback area to confirm higher low) Wave (ii) Retracement (Minor Degree Support) 0.382 Fib: $18.57 0.5 Fib: $15.83 0.618 Fib: $13.54 0.786 Fib: $10.81 (Final invalidation level) These act as critical re-entry zones for bullish continuation. 3️⃣ Technical Indicators & Confirmation Signals 📊 MACD Analysis ✅ Bullish Momentum: MACD remains above the zero line, but a short-term correction is in play.✅ Cross Confirmation: A bullish crossover from a lower level would confirm the next upward move. RSI (Relative Strength Index) 📍 Current Level: 61.11📍 Overbought Level: Above 70 (watch for potential corrections)📍 Support Zone: 50-55 (if price retraces, RSI staying above this range is a bullish sign) 4️⃣ Trade Plan & Risk Management 🎯 📌 Bullish Entry Zones: 🔹 Between $13.50 and $18.50 (Fibonacci retracement support for Wave (ii))🔹 Confirmation: Watch for MACD crossover & RSI support bounce 📌 Target Areas: 🔹 Short-Term: $36 - $52 (Wave III Mid-Target)🔹 Long-Term: $94 - $207 (Wave V Extension) 📌 Risk Levels: 🔹 Stop Loss: Below $10.81 (Wave (ii) invalidation)🔹 Downside Risk: If LINK breaks below $10.81, the structure may need reassessment. 5️⃣ Conclusion & Final Thoughts 🚀 🔹 ChainLink is currently forming a potential Wave (II) correction before a major impulse move.🔹 If support holds above $13.50-$18.50, a bullish continuation toward $52-$94 is likely.🔹 MACD and RSI will provide further confirmation signals for the next rally.🔹 Traders should monitor Fibonacci support levels and watch for a strong bounce before entering long positions. 📢 Let me know if you’d like any further refinements or trade-specific setups! 🚀🔥
BINANCE:LINKUSDLong
by WaveFibs
3
Ethereum (ETH/USD) Weekly Analysis🚀 Ethereum (ETH/USD) – Bullish Elliott Wave 5 Expansion 🚀 📈 Weekly Chart Analysis | Elliott Wave + Fibonacci + MACD + RSI Ethereum is currently in a Wave 4 corrective phase, preparing for a Wave 5 rally. If ETH holds above key support levels and breaks resistance, we could see a strong bullish move towards 5,440 USD and beyond. 📊 Elliott Wave & Fibonacci Analysis Ethereum's Elliott Wave structure suggests that Wave 5 is yet to unfold. Based on Fibonacci extensions, the next key targets are: ✅ Fib 0.382 (~4,058 USD) – Initial resistance. A breakout here confirms bullish momentum. ✅ Fib 0.618 (~5,440 USD) – Mid-term bullish target. ✅ Fib 1.618 (~10,408 USD) – Extended bullish scenario if Wave 5 fully plays out. 🔹 Key Support Levels: 2,199 USD (Fib 0.236) – Must hold for the bullish structure to remain valid. 2,069 USD (Fib 0.5) – Deep retracement support. 🔹 Key Resistance Levels: 3,796 USD (Fib 0.382) – Crucial breakout zone. 4,058 USD (Fib 0.5) – Confirmation of bullish trend. 📉 MACD & RSI Confirmation 📊 MACD Analysis: MACD lines are close to a bullish crossover, indicating momentum shift. Histogram is contracting, suggesting sellers are losing control. ⚡ RSI Strengthening: Currently around 51, signaling neutral momentum. A break above 60 RSI confirms strong bullish pressure. 📊 Volume Analysis & Market Structure 📌 Current Volume: Volume is currently low, which indicates market indecision. A spike in buy volume will confirm a strong breakout above 3,796 USD. 🚦 Market Structure Confirmation: Higher lows forming – Bullish structure remains intact. Breakout above 3,796 USD + volume spike = Strong Wave 5 rally potential. ✅ Bullish Trade Plan 🔹 Entry Trigger: Breakout above 3,796 USD with volume confirmation. 🎯 Take Profit 1: 4,058 USD (Fib 0.382) 🚀 Take Profit 2: 5,440 USD (Fib 0.618) 🌕 Take Profit 3: 10,408 USD (Fib 1.618) 🛑 Stop-Loss: Below 2,199 USD (Fib 0.236) 💡 Conclusion & Market Sentiment Ethereum is approaching a key resistance zone at 3,796 USD. A break and close above this level with strong volume will signal the start of Wave 5, potentially targeting 5,440 USD and beyond. 📢 Market sentiment remains cautiously bullish. If ETH holds above 2,199 USD, the bullish structure remains intact. MACD & RSI indicate growing momentum, but confirmation is needed. Watch for a volume breakout above 3,796 USD before entering a trade. 📢 What’s your ETH price target? Comment below! 🔥 📈 Like & Follow for More Crypto Analysis! 🚀
COINBASE:ETHUSDLong
by WaveFibs
2
STMXUSDT profits from 80% to 100% This is my idea,, and analysis about STMX. There so no confirmation to inter until now , but we need to see divergence + also RSI above 45 with strong movement up , if the price go down this is will be good to buy from the bottom, don’t Rush to buy , wait from confirmation from other indicators that your using always . Keep your eye on it , there is no signal to buy now , but soon will be. This is my first analysis here i hope you like it and good luck. I will update it later if i saw some interesting people and followers.
Long
by MarwanAlgarni
1
EW Says: Ethereum is ready to move up soon.EW means Elliott Wave, and Elliott wave is very cool, not ewww... Or at least that has been my findings studying it for a couple months now. The ethereum chart is very clear, with two impulse waves separated by first of running flat, and then a traditional flat corrective phase. We have just completed the traditional flat corrective phase. EW provides a way to calculate price targets, the current likely price target is not looking that favorable, suggesting a return to merely the previous highs, not even the all-time high! However, as Wave five gets moving, we can use the subways to calculate a potentially more accurate price Target. The recent Bitcoin dump allowed ethereum to complete its corrective phase in my opinion. Despite the sluggishness of the market currently, we should still see some fireworks in the months ahead!--and that's it folks, time to sell when you see it! Likely bear market time afterwards. Hopefully ethereum can eeek out a new all new all-time high before then
Long
by Ian_Carsen
1
GOLD → The trend is not broken, gold could go even higherFX:XAUUSD continues to strengthen after a small correction. There is a zone of interest ahead and the price may form a correction to the support before it starts to storm ATH Gold is rising due to the growing risks on the background of the tariff war started by Trump. Despite the risks posed by the US residents as well, he is willing to continue to do so. In addition, his comment about the Fed, “The Fed made the right decision last week to hold off on cutting rates” gave aggressive support to the dollar, but that didn't break gold, which is heading for the highs. The trend is not broken and interest in the metal due to growing risks is also growing. The focus is on US and Chinese economic data as well as Fed statements. Technically, the support in the form of the previous ATH - 2790 plays a key role and gold may test this area once again before continuing its growth. But, in the short term, it is worth keeping an eye on 2800. Support levels: 2795, 2790 Resistance levels: 2802, 2808 There may be a small correction from 2802 or from 0.7-0.79 fibo before the price decides to storm this area again to consolidate above the support before rising further. Regards R. Linda!
FX:XAUUSDLong
by RLinda
11
ACTUSDT → Attempting to change the trend BINANCE:ACTUSDT is trying to move into the realization phase after breaking through the resistance of the bearish wedge, a pattern capable of changing trends After a prolonged downtrend, the coin has found a bottom in the 0.1500 area and yesterday's bitcoin recovery was a bullish driver for ACT. The market is pretty much confirmed manipulation by the US government and will have to come to terms with that. Technically, the focus is on 0.21400 support. The key pattern to wait for is a false break of the support followed by a consolidation above the level and the start of an upside move. This would be a characteristic bullish maneuver that could lead to local strengthening. Resistance levels: 0.26800, 0.35120 Support levels: 0.21420, 0.1500 For a trend change, the coin needs not only to consolidate above the support, but also to overcome the resistance at 0.26800. The altcoin market is weak, so there should be strong confirmations to open positions in one direction or another. Regards R. Linda!
Long
by RLinda
2
Blow off top - too early to short?As much as it pains me to say this, I still think Palantir has more shorts to squeeze here. There’s a rounded bottom and my Elliot wave count puts this move at Wave 5, blow off top. I think the final Wave 5 target is higher than $100, I can’t tell exactly where it end as I don’t have a crystal ball. However, this move up is strong and can easily head towards the $150 region. I’d strongly recommend against shorting here, as I did a few months back. There will be an opportunity to short, but I wouldn’t be jumping in front of this steam train right now. Not financial advise, do what’s best for you.
NASDAQ:PLTR
by NoFOMO_
Crypto Market Is Still Bullish Despite A New Sell-OffCrypto market faced some deeper decline, but still looks like a complex W-X-Y correction in wave 4 within a bullish trend for wave 5. A drop came from a stock market slowdown due to end of the month flows last week on Friday and due to US tariffs. However, now that US tariffs for Mexico and Canada are delayed, we can see a strong stabilization and recovery, which can be an indication for a bullish continuation within a new five-wave bullish cycle for wave 5, at least for the first half of 2025.
CRYPTOCAP:TOTALLong
by ew-forecast
XRP/USD Analysis – Bullish Elliott Wave 5 Expansion🚀 XRP/USD – Bullish Elliott Wave 5 Expansion 🚀 📈 Weekly Chart Analysis | Elliott Wave + Fibonacci + MACD + RSI XRP is currently in a Wave 4 corrective phase, setting up for a Wave 5 expansion. If XRP maintains key support levels and breaks above resistance, we could see a strong bullish move toward $10.45 and beyond. 📊 Elliott Wave & Fibonacci Analysis XRP's Elliott Wave structure suggests that Wave 5 is yet to unfold. Based on Fibonacci extensions, the next bullish price targets are: ✅ Fib 0.382 (~$4.60 USD) – Initial target, a breakout here confirms strong bullish momentum. ✅ Fib 0.618 (~$8.75 USD) – Mid-term bullish target, aligning with previous resistance zones. ✅ Fib 1.236 (~$10.45 USD) – Key breakout level for an extended Wave 5 rally. ✅ Fib 1.618 (~$14.99 USD) – Ultimate Wave 5 expansion if bullish momentum continues. ✅ Fib 1.618 Extended (~$31.56 USD) – Parabolic target if XRP enters a strong breakout cycle. 🔹 Key Support Levels 🟢 $2.03 USD (Fib 0.236) – Support 🟢 $1.47 USD (Fib 0.382) – Deeper retracement support. 🟢 $1.14USD (Fib 0.5) – Must hold for the bullish structure to remain valid. 🔹 Key Resistance Levels 🚀 $3.99 USD – Crucial breakout zone. 🚀 $5.05 USD – First major Wave 5 target. 🚀 $8.75 USD – Strong resistance and Fib 0.618 level. 🚀 $10.45 USD – Breakout confirmation of Wave 5 expansion. 📉 MACD & RSI Confirmation 📊 MACD Analysis: ✅ Bullish Crossover – MACD lines show a strong momentum shift. ✅ Increasing Histogram – Indicates rising bullish pressure. ⚡ RSI Strengthening: ✅ Currently ~77 RSI – Entering strong bullish territory. ✅ Above 60 RSI – Momentum shift confirmed, but a short-term pullback is possible before further gains. 📊 Volume Analysis & Market Structure 📌 Current Volume: 🔹 Volume is increasing, confirming strong buyer interest. 🔹 A spike in buy volume above $3.99 USD will confirm a breakout toward $5.05 USD. 🚦 Market Structure Confirmation: ✅ Higher lows forming – Bullish structure intact. ✅ Breakout above $3.99 USD + volume spike = Strong Wave 5 rally potential. ✅ Bullish Trade Plan 🔹 Entry Trigger: Breakout above $3.99 USD with volume confirmation. 🎯 Take Profit 1: $5.05 USD (Fib 0.382) 🚀 Take Profit 2: $8.75 USD (Fib 0.618) 🌕 Take Profit 3: $14.99 USD (Fib 1.618) 🛑 Stop-Loss: Below $1.14USD (Fib 0.5) 💡 Conclusion & Market Sentiment 🔹 XRP is approaching a key resistance zone at $3.99 USD. 🔹 A break and close above this level with strong volume will signal the start of Wave 5, potentially targeting $8.75 USD and beyond. 📢 Market sentiment remains strongly bullish. ✅ If XRP holds above $1.14 USD, the bullish wave structure remains intact. ✅ MACD & RSI confirm strong momentum, but volume confirmation is needed. ✅ Watch for a volume breakout above $3.99 USD before entering a trade. 📢 What’s your XRP price target? Comment below! 🔥 📈 Like & Follow for More Crypto Analysis! 🚀
CRYPTO:XRPUSDLong
by WaveFibs
EUR/NZD:Complex Correction Unfolding – Wave 2 Nearing CompletionEUR/NZD has been trapped in a sideways range since July 2024, forming what appears to be a complex correction for wave 2. If this Elliott Wave count is accurate, the current resistance zone could hold, allowing bears to step in and drive prices lower to complete the second wave. Watch for reversal signals like engulfing candles or strong rejections before entering short positions! 📉🔥 #ElliottWave #ForexTrading #EURNZD #TechnicalAnalysis
by Elliotwavesglobal
WIF/USDT Elliott Wave C Analysis1️⃣ Fibonacci Targets for Wave C Completion Wave C in an ABC correction typically extends to key Fibonacci levels derived from Wave A: 1.000 Fib Extension (~$2.851) → Most common Wave C completion target. 1.236 Fib Extension (~$4.049) → Stronger bearish momentum may push towards this level. 1.382 Fib Extension (~$5.031) → Overextended correction possibility. 1.618 Fib Extension (~$6.144) → Rare but possible deep Wave C completion. 📌 Interpretation: These levels represent potential Wave C termination zones where price might find support before transitioning into a new wave structure. 2️⃣ Fibonacci Retracement Levels for Wave C Support Zones If the downward correction deepens, these retracement levels act as critical support: 0.618 Fib Retracement (~$0.614) – First deep corrective support, price may attempt a bounce here. 1.236 Fib Retracement (~$0.723) – Key structure validation level, break below signals further downside. 1.382 Fib Retracement (~$0.579) – Final support zone before significant breakdown risk. 📌 Interpretation: A rebound from these levels would support Wave C completion, whereas failure to hold them could indicate prolonged bearish pressure. 3️⃣ Elliott Wave Structure & Wave C Confirmation Bullish Reversal Conditions For Wave C to complete and initiate a reversal, the following must happen: Price must break above the 1.000 Fib Extension ($2.851) to signal bullish intent. Volume confirmation: A significant increase in buying volume at key support levels. MACD bullish crossover on mid to high timeframes (1D/4H). Bearish Risk Factors Failure to hold $0.614 → Signals continued bearish control. MACD remains bearish → No confirmation of trend reversal. No breakout above $2.851 → Suggests deeper downside risk. 📌 Key Reversal Confirmation: ✅ Break above $2.851 → End of Wave C, potential trend shift. ❌ Close below $0.579 → Signals extended correction or potential new bearish trend. 4️⃣ Why Wave 5 is Unlikely A potential Wave 5 scenario would require: A break above $4.880 (prior resistance) to confirm a new bullish impulse. Strong volume and momentum continuation beyond $5.551, $8.43, and $15.347. 📌 Low Probability Factors for Wave 5: Lack of impulsive wave structure beyond Wave C extension. Price structure still following corrective ABC movement. No clear wave formation beyond the corrective phase. 🚨 Conclusion: Wave 5 is not highly likely unless a breakout above $4.880 occurs, triggering further impulse movement. 5️⃣ Conclusion & Trade Considerations ✅ Primary Scenario (Wave C Completion) Wave C Targets: $2.851, $4.049, $5.031, $6.144. Support Zones: $0.614, $0.723, $0.579. Reversal Confirmation: Break above $2.851 needed to validate end of correction. ❌ Low Probability Scenario (Wave 5) Invalid unless $4.880 breaks with volume. Target zones for Wave 5: $5.551, $8.43, $15.347. Failure to break key levels = no wave 5. 📌 Trade Strategy Considerations: Look for long entries near Wave C completion zones ($2.851 - $0.614). Monitor volume & RSI for bullish divergence before confirming trades. Avoid premature entries until clear reversal signs emerge.
Long
by WaveFibs
EURUSD Elliott Wave: Gap is GoneExecutive Summary: EUR/USD weekend gap down has been fully retraced The Elliott wave trend has shifted from down to up Initial upside targets include 1.08 & 1.12 EUR/USD Gaps Down on Trump Tariff Announcement Over the weekend, announcements of tariffs in place by President Trump caused EUR/USD to gap lower on broad based USD strength. It was approximately a 130 pip gap which is large for forex. This gap has been fully retraced and covered providing evidence it was an exhaustion gap. EUR/USD Elliott Wave Analysis EUR/USD has been trending lower since September 2024, covering a range of nearly 1000 pips. Our review of the technical charts using Elliott wave analysis shows that a major low may be in place and a large rally is underway. Our view is that the decline from September 2024 is an ending diagonal wave C of (2). In the chart above, the ending diagonal is colored in blue. As the name implies, an ending diagonal is an ending pattern of a larger wave sequence. In this case, it ‘ends’ the pattern that began January 2023 as a large sideways flat. The low on January 13 at 1.0177 appears to be the end of the two year suggesting the next rally could unfold over months and possibly years. One common feature of the ending diagonal is that the next wave tends to be a swift retracement. This implies a large and swift rally is underway to target the origin of the diagonal (1.1214). This new bullish trend wave (3) is early in development. The gap down this weekend merely retested the topside of the blue ((ii))-((iv)) trend line of the ending diagonal. This trend line provided a springboard for wave (iii) of 1 of (3) to kick off to the upside. Initial targets for wave (iii) is 1.08 and possibly 1.12. If the EURUSD price unexpectedly falls below 1.0177, then we’ll need to reconsider the larger wave count. For the time being, several Elliott wave models point to further gains above 1.05 with 1.08 serving as an initial target zone. Key Level for Bullish Bias: 1.0177 Initial Target: 1.08 Secondary Target: 1.12
Long
by JWagnerFXTrader
Bitcoin Dominance: Elliott Wave and Harmonics Combo (Part 2)MARKETSCOM:BITCOIN Dominance ( #BTC.D / CRYPTOCAP:BTC.D ) indeed started the rise I predicted back in late '22. CRYPTOCAP:BTC rose to the limits, exceeding the 100K Mark. In #ElliottWave, this is Cycle Wave C (turquoise). Primary Wave ① (white) completed, with the Corrective Primary Wave ②now in play. The Correction will pave the way for Alt Season to commence, so the focus will shift to Alt Coins. #Harmonics are showing #Cypher Patterns, a combo actually, on different degrees. Bitcoin Dominance ( BTC.D ) Technical Analysis: * Elliott Wave Impulse: Cycle C (turquoise) * Harmonic Patterns: Bullish Cyphers * 88.6% Fibonacci Retracement * Break-Out with Divergence * Leading Diagonal in Primary Wave ① (white) Conclusion: After a last rise, expecting MARKETSCOM:BITCOIN to top-out and start a Larger Correction. Alt Season to start and deliver, based on #BTC losing ground. After this, CRYPTOCAP:BTC to continue ruling, as the one and only #Cryptocurrency.
CRYPTOCAP:BTC.D
by EW4X
1
USDCHF → The bullish trend may get its continuationFX:USDCHF is entering the realization phase after a prolonged correction. A favorable background is created by the uptrend and rising dollar... The technical outlook on the daily timeframe is very good. The price after breaking the trend resistance tested the previously broken line. The currency pair after the false breakout managed to consolidate above the key point, marking an interim bottom and further prospects. Technically, the focus is on the resistance at 0.911, if the bulls can overcome this area and consolidate above this level, the currency pair will be able to realize a rise to 0.918 - 0.93. Resistance levels: 0.911 Support levels: 0.90555 Before breaking the resistance, the currency pair could test 0.90555 due to the liquidity generated below this area. But, the trigger that can provoke further growth is 0.911 Regards R. Linda!
Long
by RLinda
2