Get started

Elliott Wave

Bitcoin - 50% crash is starting! (2017 trendline, huge warning)Bitcoin is in the final stage of the bullish cycle, and we want to look for the best price to sell and prepare for the 2025/2026 bear market! The best price to sell Bitcoin is at the 1.618 FIB extension or at the main long-term 2017-2021-2025 trendline. This is exactly at 122,069, as we can see on the chart. And 2 weeks ago, Bitcoin hit both the Fibonacci level and trendline! So this is a strong sell signal. Buying Bitcoin at the tipity top of a bullish cycle is not the best idea, because we will see 60,000 USD per Bitcoin in 2026! From the Elliott Wave perspective, there is probably only 1 high-probability scenario, and it's this ending diagonal pattern (rising wedge). I think we will see a final 2 waves on Bitcoin to form an ending diagonal wedge pattern (1-2-3-4-5). Bitcoin just finished wave 5 and is starting a brand new corrective pattern. But you can be more conservative and wait for more confirmations, such as a break of the 50-week moving average. Waiting for such confirmations in general gives us a higher chance of success but a lower risk-to-reward ratio; in other words, you can't catch the top. I always recommend using simple moving averages with 20, 50, 100, and 200 periods because this is what the big players are using as well. These MAs are very popular among giant institutions, banks, and investors. What's more, Bitcoin seasonality is telling us that August and September are the most bearish months for Bitcoin statistically. So you probably want to sell before a sell-off kicks in. Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
BITSTAMP:BTCUSDShort
by Xanrox
224
GOLD → The market is waiting for NFP. What could happen?FX:XAUUSD is bouncing off resistance at 3310, confirming the upper limit of the new trading range. The dollar continues to rally, but the market as a whole is stagnating ahead of upcoming news—NFP is coming up! Gold is consolidating at monthly lows around $3268, awaiting key US labor market data (NFP). Trump's new tariffs (10% globally, 35% for Canada, 39% for Switzerland) have boosted demand for the dollar, putting pressure on gold. Markets are waiting for NFP: forecast +110K jobs, unemployment 4.2%. Weak data (<100K) → gold may rise to $3400. Strong (>150K) → the dollar will strengthen, gold will continue to fall. The probability of a Fed rate cut in September is <50%. Based on yesterday's data, I would cautiously suggest that NFP will be in the range of 125K–145K, slightly above the consensus (110K). This will play into Trump's hands (I think you understand what I mean...). Resistance levels: 3300, 3310, 3320 Support levels: 3287, 3268, 3255 The news has a negative nuance — unpredictability. Be careful. Technically, based on the data we have at the moment, I would assume that the market may test resistance at 3300-3310 before a possible pullback to the specified support. BUT! Unpredictable data could turn the game around, and in that case, if the dollar falls, gold could start to rise. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
17
BITCOIN → From consolidation to distribution. Market weaknessBINANCE:BTCUSDT.P is moving from consolidation to a correction phase. The price broke through the support zone of 114.5–115.5, closing within the Friday trading session in the sell zone... Previous idea from July 22: BITCOIN → Consolidation and compression to 116K. Correction? The fundamental background is shifting to neutral, the hype has temporarily ended, and there are no bullish drivers yet. And for the health of the market, a correction is needed. Bitcoin is breaking the neutral consolidation structure. The previous trading session closed below the support range, which generally indicates market weakness. Despite the global bullish trend, Bitcoin is moving from consolidation to a correction phase, with 112K - 110.5K serving as points of interest in this case. Before the fall, liquidity may be captured in the 114K - 114.800 zone. Resistance levels: 114.05, 114.85, 115.67 Support levels: 112.03, 110.48 After a strong movement, the market may enter a correction or local consolidation, during which it may test the specified resistance zones before continuing its downward movement to the zone of interest and liquidity at 112 - 110.5. Best regards, R. Linda!
Short
by RLinda
3
Today’s Opportunity: Stay Sharp on GBPJPY!Hey friends, Here's my latest analysis on GBPJPY. 📌 Buy Entry Zone: 197.590 - 197.336 🎯 Target Level: 198.642 📅 Today, major economic data will be released from the U.S. Make sure to factor this into your fundamental analysis. 📊 It’s not just about the charts—fundamentals matter too. Technical + Fundamental = Powerful outcomes ✅ 💬 Every like and bit of support keeps me going. Thanks so much to everyone backing this journey! 🙌
Long
by TraderTilki
12
Bitcoin: New All-Time High — What’s Next?Bitcoin had an incredible run, breaking the old all-time high ($111,980) with strong bullish momentum and setting a fresh ATH at $123,218 (Binance). We just witnessed the first major corrective move of ~6% and a decent bounce so far — but the big question is: What’s next? Will Bitcoin break higher over the summer or form a trading range here? Let’s dive into the technicals. 🧩 Higher Timeframe Structure May–June Range: BTC was stuck between $110K–$100K, forming an ABC corrective pattern. Using trend-based Fib extension (TBFE) from A–B–C: ✅ C wave completed at $98,922 (1.0 TBFE) ✅ Upside target hit at $122,137 (-1 TBFE) Full Bull Market TBFE: ➡️ 1.0 → $107,301 → previously rejected ➡️ 1.272 → $123,158 → recent rejection zone Pitchfork (log scale): ➡️ Tapped the upper resistance edge before rejecting. Previous Bear Market Fib Extension: ➡️ 2.0 extension at $122,524 hit. 2018–2022 Cycle TBFE: ➡️ 1.618 at $122,011 tapped. Macro Fibonacci Channel: ➡️ Connecting 2018 low ($3,782), 2021 ATH ($69K), 2022 low ($15,476) → 1.618–1.666 resistance band: $121K–$123.5K. ✅ Conclusion: Multiple fib confluences mark the $122K–$123K zone as critical resistance. Daily Timeframe ➡️ FVG / Imbalance: Big daily Fair Value Gap between the prior ATH and $115,222 swing low. BTC broke the prior ATH (pATH) without retest → a pullback to this zone is likely. Lower Timeframe / Short-Term Outlook We likely saw a completed 5-wave impulse up → now correcting. The -6% move was probably wave A, current bounce = wave B, next leg = wave C. ➡ Wave B short zone: $120K–$121K ➡ Wave C target (1.0 TBFE projection): ~$113,326 ➡ Confluence at mid-FVG + nPOC Trade Setups 🔴 Short Setup: Entry: $120,300–$121,000 Stop: Above current ATH (~$123,300) Target: $113,500 R:R ≈ 1:2.3 🟢 Long Setup: Entry: Between Prior ATH and $113,000 Stop: Below anchored VWAP (~$110,500) Target: Higher, depending on bounce confirmation. 🧠 Educational Insight: Why Fibs Matter at Market Extremes When markets push into new all-time highs, most classic support/resistance levels disappear — there’s simply no historical price action to lean on. That’s where Fibonacci extensions, channels, and projections become powerful tools. Here’s why: ➡ Fibonacci extensions (like the 1.272, 1.618, 2.0) help estimate where trend exhaustion or profit-taking zones may appear. They are based on the psychology of crowd behavior, as traders anchor expectations to proportional moves from previous swings. ➡ Trend-Based Fib Extensions (TBFE) project potential reversal or continuation zones using not just price levels, but also the symmetry of prior wave moves. ➡ Fibonacci channels align trend angles across multiple market cycles, giving macro context — like how the 2018 low, 2021 ATH, and 2022 low project the current 1.618–1.666 resistance zone. In short: When you don’t have left-hand price history, you lean on right-hand geometry. That’s why the $122K–123K zone wasn’t just random — it’s a convergence of multiple fib levels, cycle projections, and technical structures across timeframes. ⚡ Final Thoughts Bitcoin faces major resistance around $122K–$123K backed by multiple fib and structural levels. A retest of the prior ATH zone (~$112K–$113K) looks probable before the next big directional move. Watch lower timeframe structure for signs of completion in this corrective phase. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
5
Crypto Market Slows Down For A Pullback Within A Bullish TrendGood morning Crypto traders! Cryptocurrencies are coming slightly lower on the intraday basis due to stock market decline yesterday, but we still see them approaching support, so still be aware of a bounce and recovery at the end of the week or maybe next week because of an upcoming weekend. Crypto TOTAL market cap chart can be trading in wave »y« of a complex w-x-y correction in wave 4, unless it's a flat correction, but support is the same at 3.6T – 3.5T area, from where we may see a bullish continuation within wave 5.
CRYPTOCAP:TOTALLong
by ew-forecast
2
EUR/USD Elliott Wave Count Signals Downside TargetsThe EUR/USD chart is displaying a completed 5-wave Elliott impulse structure, suggesting the potential start of a larger corrective move to the downside. Wave 5 appears to have finished after a classic ending diagonal pattern, with price now breaking below the wave 4 support trendline — a strong confirmation of trend exhaustion. Currently, price is retracing upward towards the 0.5–0.618 Fibonacci retracement zone of the last impulsive leg, around 1.15912–1.16383, which may serve as the final rejection zone for bears to re-enter. This area aligns perfectly with prior support-turned-resistance and is considered the potential reversal pocket. If price holds below the 1.17869 invalidation level, the structure supports the beginning of an ABC correction or a larger bearish impulse. Target 1 (T1): 1.14800 Target 2 (T2): 1.13915 Stop Loss (SL): 1.17869 This scenario remains valid as long as the price does not break above 1.17869. A clean break and close above this level would invalidate the bearish setup and suggest a possible wave extension.
by Money_Dictators
NIFTY50.....Miss a final sell-off! Part IIHello Traders, the NIFTY50 is on track with my forecast! It declined over the course of the week to a level of 24565 points - a loss of almost 271 points, (nearly 1.09%). The question is, if N50 is declining lower in the coming week. The question is, to what degree will it decline ? Chart analysis: Today, I'd like to show you another idea of the count. Here, at the level of 25669, a wave (v), green, has been established, and the following correction is a wave (iv), pink, to the level I have mark with the sky blue rectangle. This rectangle ranges from 24473 to 23934.90. If we reach these levels, wave (iv), whether of wave ((iv)) or wave (iv), should end! In either case, there is more downside potential and has more room to go, and is not finished yet. The first sign, that something went wrong would be at the point, when the high @ 23368, wave (i), green, were to be touched! This is because it is not permitted for a wave (iv) to touch the high of any degree of wave (i). The indicators, too, have much room to decline for the rest of the week. So, it will be exiting to watch how the market will makes its decision. Have a great weekend..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
1
SP500 → Countertrend correction before growthFX:SPX500 is correcting against an upward trend. In the second half of the week, the market received fairly positive fundamentals during the reporting period. S&P 500 futures found support after strong reports from Meta and Microsoft, which exceeded earnings expectations and forecasts thanks to AI. The rise in futures supported demand for the “Magnificent Seven” despite Powell's hawkish comments. The focus is on Apple and Amazon reports in the evening, which could strengthen the tech rally. On Friday, we are seeing a countertrend correction in which the market is testing the 6288 zone of interest. Support levels: 6288.4, 6262.6 Resistance levels: 6342, 6371 Most likely, the market will form a false breakout of support during the correction. If the bulls keep the index above the key level, we can expect continued growth in the short and medium term. Best regards, R. Linda!
FX:SPX500Long
by RLinda
5
ZORA 5-Wave Completion — 30% Crash Incoming?After exploding +1150% in just 20 days and completing all 5 waves, ZORA is now consolidating — trading sideways just under the $0.10 psychological level for the past 4 days. 📉 Current Market Structure The current structure shows signs of a developing Head & Shoulders pattern, with price: Trading below the daily open (dOpen) and weekly open (wOpen) → Bearish signs Hovering near the prior daily open (pdOpen) → a breakdown here would confirm bearish continuation 🔴 Short Setup - Bearish Scenario If ZORA breaks below pdOpen, we’re likely heading for: 0.618 Fib retracement at $0.06137 of the final wave 5 Confluence with 1.272 Trend-Based Fib Extension (TBFE) at $0.06148 This zone marks the next high-probability reaction point and a potential long opportunity if price shows a bounce or reversal. 📉 Overall Short Trade Target The full retracement target sits between $0.0529 and $0.0514, offering multiple layers of confluence: 0.5 Fib retracement of the full 1150% move 0.786 Fib retracement of the final wave 5 Aligned with an old trading range and daily level This makes it an ideal demand zone for patient bulls but only once price confirms. 💡 Educational Insight This setup highlights an example of Elliott Wave Theory in action — after a strong 5-wave impulse move, markets often enter a corrective phase. The completion of wave 5, especially near key psychological levels like $0.10, often marks a local top, where price corrects toward key Fibonacci retracement zones. Combining wave structure with confluence factors like Fib levels, VWAP, and prior trading ranges helps traders identify high-probability reversal zones — allowing for better timing, risk management, and trade planning. Always wait for confirmation before jumping into any trades. Summary Bearish continuation confirmed on pdOpen breakdown First support zone: $0.0613–$0.0614 Final downside target: $0.0529–$0.0514 Look for long opportunities only on reaction + confirmation _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
8
EURAUD Ready to Bounce? Key Support & Fundamentals Aligned!Today I want to share a Long position idea on EURAUD ( OANDA:EURAUD ) with you. From a fundamental perspective , both the Euro (EUR) and Australian Dollar (AUD) are currently under pressure. However, the Aussie appears fundamentally weaker in the short term, making the EURAUD Long setup more favorable at this stage. AUD Weakness : The Reserve Bank of Australia (RBA) has held rates steady at 3.85%, but recent inflation data has dropped to 2.7%, the lowest in over 3 years. Most economists now expect the RBA to cut rates in its next meeting in August, possibly by 25 basis points. Slowing economic growth and dovish forward guidance from the central bank are weighing heavily on AUD sentiment. EUR Outlook : The European Central Bank (ECB) is also facing weak economic data, but is taking a more cautious approach toward cutting rates. Despite softer PMIs and sluggish growth in countries like Germany and France, the ECB has not confirmed a near-term rate cut, keeping EUR relatively stable. This divergence between the RBA’s dovish stance and the ECB’s pause is supportive of EUR strength against AUD. Summary : With the RBA likely to ease policy soon and the ECB holding ground for now, the interest rate differential favors EURAUD upside. Fundamentals point toward further weakness in AUD, making the EURAUD Long a strategically sound trade idea for the coming days. ------------------------------------------- Now let's analyze the conditions of the EURAUD chart on the 4-hour time frame . EURAUD is currently trading near the Support zone(1.772 AUD-1.763 AUD) , Potential Reversal Zone(PRZ) , and near the lower line of the descending channel . According to Elliott Wave theory , EURAUD appears to have completed a Zigzag Correction(ABC/5-3-5) . Also, we can see the Regular Divergence(RD+) between Consecutive Valleys . I expect EURAUD to rise to at least 1.784 AUD . Second Target: 1.792 AUD Note: Stop Loss(SL): 1.762 AUD Please respect each other's ideas and express them politely if you agree or disagree. Euro/Australian Dollar Analyze (EURAUD), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a 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.
Long
by pejman_zwin
16
The End of BTC correction? BTC analysis 2/8/2025In my point of view, BTC has completed its correction and is now ready for a strong upward move, potentially targeting the $137,000–$139,000 range, based on the following factors: 1. Confirmation of the Butterfly Harmonic Pattern The recent reversal occurred within the expected range of the Butterfly harmonic pattern. Typically, the XD leg in a Butterfly harmonic extends to 1.27, but in practice, this can stretch up to 1.414, which is commonly used as a flexible stop-loss zone. After testing the 1.27–1.414 range, a clear 5-wave impulse followed—testing a key trendline and making an attempt to break above the recent high. This sequence, followed by a corrective move, suggests that the broader correction may be complete. 2. Complex WXYXZ Correction Structure In my previous analysis, I underestimated the duration and depth of the correction. The wave (4) (blue), which is part of the wave (iii), has taken considerable time—likely to allow wave (5) to extend sufficiently to break above the $130,000 level. This would support the assumption that wave (5) (purple) is the extended wave. The overall corrective structure appears highly complex, and can be counted as a W–X–Y–X–Z pattern, supported by the presence of multiple internal corrections within the wave components. 3. 0.618 Fibonacci Retracement of Wave (3) Wave (4) has now reached the 0.618 Fibonacci retracement level of wave (3), which is significant. Historically, BTC’s corrections rarely retrace beyond the 0.87 level. This deep retracement suggests wave (4) is likely complete—unless price were to fall below that threshold, which would invalidate this assumption.
COINBASE:BTCUSDLong
by jirapattinn
GBP/USD: Post-Impulse Sell Setup from Ending DiagonalThe chart depicts a completed 5-wave impulsive structure, culminating at the top of wave (5). The internal wave structure of the final fifth wave forms a classic ending diagonal pattern, typically signaling a trend reversal or deep correction. After this extended fifth wave, the price has started rolling over, confirming the start of a corrective decline. The wave count now expects an ABC correction targeting the previous wave 4/2 demand zone, highlighted in red. Target 1 (T1): 1.33608 Target 2 (T2): 1.32436 Stop Loss (SL): 1.35988 Ending diagonal at the top of wave (5) signals exhaustion of bullish momentum. Clear bearish divergence (not shown here) is commonly seen with this pattern. The price has broken the short-term structure and is now forming lower highs. Target zone aligns with previous wave 2 consolidation – a typical retracement zone for post-impulse corrections.
by Money_Dictators
EUR/USD Reversal or Trap? 4H Clean Breakdown InsidePrice just tapped into a high-probability sell zone after a corrective Wave 2 structure. With sellers already active at 1.16342 and 1.17635, this setup is not just textbook—but a potential goldmine for swing traders. 🔻 Is this Wave 3 continuation about to begin? 🔍 Liquidity swept. Zones respected. Structure still bearish. ⚠️ Many traders will miss the bigger picture here—will you? 👇 Drop your thoughts: Are we about to break 1.13000? Do you agree with the Elliott Wave count? What’s your bias on DXY? 💬 I personally reply to every comment—let’s build this chart together. 🔥 If you caught the entry, show your entry point and reasoning—let’s level up as a team.
by Greenfireforex
UNI Analysis (4H)UNI – Correction Might Bring Opportunity Currently, UNI is forming an A–B–C corrective pattern, and based on technical structure, this correction may complete around the $8.8 level. Key Zone to Watch: $9.0 – $8.5 There's a strong demand zone just below $9, supported by historical price action. On the daily time frame, a broken cup & handle formation aligns perfectly with this area — the old neckline may now act as support, increasing the confluence. This overlap of structure and demand makes the $9–$8.5 zone a favorable entry for a long position. Once price reaches this area, expect a significant upward correction as part of the next move in the cycle. Good Luck.
Long
by vs_sayin
JD last correction is overSince fiscal stimulus announced by China, JD started to print an expanding diagonal which I labeled in black as 1-2-3-4-5. Currently, wave 4 is over (or will be over within a few days) and wave 5, the longest in such a type of diagonal, is set to unfold. Which supportive evidence I found: wave 4 is formed as a double three as (w)-(x)-(y) and (y) contains and ending diagonal - see green impulsive wave down. The diagonal's wave 5 reached the lower edge. wave 4 retraced 61.8% of wave 3 wave can be seen as a bullish flag - it nicely fits into the channel (I showed in green) both RSI and MACD show bullish divergence with price on daily I believe JD will revert with strong impulse up in the coming days. See divergences:
NASDAQ:JDLong
by evgenii_tr_tech
6
#Nifty directions and levels for August 1st:Good morning, friends! 🌞 Here are the market directions and levels for August 1st: The global market (based on the Dow Jones) has shown a moderately bearish sentiment, while the local market continues to display a bearish tone. Today, Gift Nifty indicates a neutral opening. What can we expect today? In the previous session, both Nifty and Bank Nifty experienced high volatility. However, the closing happened around the middle of the current swing, indicating a possible range-bound market. Until this range is broken, we cannot expect a strong directional move. If the range breaks, we can follow the breakout direction. In my side, the structures of Nifty and Bank Nifty appear slightly different. Nifty continues to show bearish sentiment, whereas Bank Nifty is showing signs of a mild bounce back. So, they may counterbalance each other, and if that happens, we may see a neutral closing by the end of the day. On the other hand, if the market breaks immediate support or resistance with a solid candle or after consolidation, we can expect a directional move in that breakout direction.
NSE:NIFTY
by Manickamtraders
1