BTC Elliott wave analysis 5/23/2025For me , I think that the BTC price is on the way to their target price around 128,000-133,000 that we derive from Gann fann resistance.The wave structure suggest us that the impulse that create new high is just the beginning. The invalidate point is the point below wave 2 (around 101,000).
Elliott Wave
Link Analysis (12H)Chainlink (LINK) Technical Outlook – Elliott Wave Perspective
After applying Elliott Wave Theory, the chart appears to speak for itself — the downward corrective phase seems to have concluded.
Zooming into lower timeframes, there are several bullish signs suggesting that LINK is primed for an upward move.
Key Technical Reasons Supporting Upside Potential:
Bullish Flag Formation: A clear flag pattern has formed in lower time frames, and LINK is currently testing its resistance level.
Elliott Wave Count: Based on wave structure, Wave 3 appears to be nearing completion. Should we see a short-term pullback, it would likely be Wave 4, offering a strong buy opportunity around the support zone of the flag.
Fib Confluence: The potential retracement aligns perfectly with the 50% Fibonacci level — a typical target area for Wave 4 corrections.
Two Possible Scenarios:
Immediate Breakout: With support from Bitcoin’s continued momentum, LINK could extend its current Wave 3 and break out from the flag without any significant pullback.
Healthy Correction: Alternatively, LINK could retrace to the 50% Fib level before initiating the final leg of Wave 5 — providing a textbook buying opportunity.
Target:
In both scenarios, the upside target remains the same: $18.00 to $18.40 range.
— Thanks for reading.
TSLA (Daily) Elliot Wave 3 UnderwayTSLA appears to still be printing a motif wave 3 after finding a bottom at the $208 high volume support node. Fib extension targets suggest we have much higher to go including a new all time high.
Upside resistance target sits just below $413 in the HVN.
Downside targets may test the previous swing high $284
Safe trading
SPX500 (Daily) Elliot wave 4 underwaySPX appears to be printing a wave 4, potentially a triangle giving the proximity to the all the time high. Triangles are a motif wave ending pattern with a thrust up afterwards, typically a poke above the previous all time high before retracing trapping retail with FOMO.
Wave 2 is expected to retrace to the bottom of the triangle / wave 4 currently the high volume node support and .236 Fibonacci retracement at $5680
Safe trading
ETH (Daily) Holding up significantly wellETH is holding up its motif wave 1 rally significantly appearing to have completed an ending diagonal for wave 5 after finding a bottom at the major support high volume node (HVN).
Wave 2 is expected to retrace to the S1 pivot, 61.8 Fibonacci retracement and HVN at $1930 but may be front run at the daily pivot and wave 4 bottom $2300.
Safe trading
BTC (Daily) Elliot Wave 2 UnderwayBTC appears to have completed a motif wave (1) poking above all time high after printing a triangle for wave 4. Triangles are an ending pattern with a final thrust up afterwards typically breaking all time highs before reversing in wave 2, selling into retail FOMO.
Wave 2 has a $92k target at 0.5 Fibonacci retracement and high volume support node.
Wave 3 should be a powerful move up taking price way into all time high.
Safe trading
XRP (Daily) Complex Correction WXYXZXRP appears to have a complex correction underway with a series of ABCs in a descending channel after reaching all time high.
Price is just above the 61.8 Fibonacci retracement and high volume support node which is likely to test at $1.95.
Analysis is invalidated if price breaks above wave X swing high.
Ultimately it is trapped in a large range.
Safe trading
SUI (Daily) Elliot wave ii underwaySUI appears to have completed a motif wave (1) with an ending diagonal after finding a bottom at the major support high volume node (HVN) macro wave 4.
Wave 2 has not retraced as deep as other alt coins showing strength in the move up. The downside target is the HVN it has just tested at the 0.382 Fibonacci Retracement $2.95.
Wave 3 should be a powerful move up taking price into all time high.
Failure to hold this support could see price heading back to fresh lows and testing the $1.6 HVN once more.
Safe trading
Fet (Daily) Elliot Wave ii underway after ending diagonalFetch appears to have completed a motif wave (1) with an ending diagonal after finding a bottom at the major support high volume node (HVN) macro wave 4.
Wave 2 has not retraced as deep as other alt coins showing strength in the move up. The downside target is just above the wave (1) swing high, the 0.618 Fibonacci Retracement.
Wave 3 should be a powerful move up taking price into all time high.
Failure to hold this support could see price heading back to fresh lows and testing the $0.35 HVN once more.
Safe trading
SOL Local Elliot Wave ii UnderwaySolana appears to have completed a motif wave 1 after finding a bottom at the major support high volume node (HVN) macro wave 4.
Wave 2 has not retraced as deep as other alt coins showing strength in the move up. The downside target is the HVN at $140 at the 0.5 Fibonacci Retracement.
Wave 3 should be a powerful move up taking price into all time high.
Failure to hold this support could see price heading back to fresh lows and testing the $90 HVN once more.
Safe trading
ONDO (Daily) Elliot Wave ii UnderwayONDO appears to have completed a leading diagonal for wave 1 after finding a bottom at the major support high volume node (HVN).
Wave 2 has retraced to the expected alt coin Golden Pocket at the 78.6% retracement tapping high volume node.
The descending resistance line has been tested as support leaving a dragonfly doji but does not look strong enough to be the bottom yet.
Wave 3 should be a powerful move up.
This analysis is invalidated below macro wave 2 -$0.65
Safe trading
HBAR (Local) Elliot Wave ii UnderwayHBAR appears to have completed a leading diagonal for wave 1 after finding a bottom at the major support high volume node (HVN).
Wave 2 has retraced the expected 61.8% Fibonacci but alt coins have their own Golden Pocket at the 78.6% retracement which aligns with the S1 pivot and high volume node.
The descending resistance line has been tested as support leaving a doji but does not look strong enough to be the bottom yet.
Wave 3 should be a powerful move up.
This analysis is invalidated below macro wave 4 -$0.12556
Safe trading
USDT Dominance Update (2H)The USDT Dominance (USDT.D) chart — often referred to as the “reverse chart of crypto” — is currently showing signs of strength. On the micro time frame, a new impulsive wave structure has emerged, and we are likely progressing through wave 3 of this formation.
Wave 3 appears to be targeting the 4.88% level.
A minor correction (wave 4) may follow.
Ultimately, wave 5 is projected to reach the 5.00% zone.
Market Implications:
If this scenario unfolds as expected:
Bitcoin could down toward the $100,000–$101,000 range.
However, altcoins may face a sharp correction, with potential losses of 15–20%, exacerbated by the rising BTC dominance and capital flow concentration.
⚠️ While macro bullish momentum remains intact for the market, this short-term USDT.D surge could present a temporary but significant shakeout, especially across the altcoin sector.
— Thanks for reading.
BITCOIN → Correction or trend reversal? Why is 101K important?BINANCE:BTCUSDT.P is exiting the upward channel after a false breakout of the key resistance level of 110K (previous ATH). Liquidation?
Quite an interesting situation with James Wynn. As they say, money loves silence, especially when it comes to a highly manipulated market... A week after the whale's actions, Trump decided to play the market again by creating emotional swings: he announced tariffs on the EU, canceled them, then made claims against China and is now ready to reintroduce tariffs on the EU. Things didn't end well with James... Liquidation before the rally?
On the weekly timeframe, Bitcoin is making a false breakout of the key resistance level of 110K. The phase and nature of the market are changing, the price is falling, breaking the structural support of 106500. The main question is where the stop and recovery will be. And will there be one...
After exiting consolidation and the upward channel, the price within the distribution is moving towards liquidity and the order block. I would not rush to say that this is a change in the global trend; the current data fits the “correction” format.
Support levels: 102000, 101400
Resistance levels: 106700, 108800
102-100K is a fairly important zone for the market; a breakout in this area could open the way to a (local) bottom. Bulls may not be able to hold the market, in which case a global sell-off could form. Therefore, I believe that retesting the 102000 level will end with a liquidity grab and a correction along the trend, during which the price may test the 106K - 108K level, which will determine the future of the market: consolidation, growth, or decline...
Best regards, R. Linda!
Crypto Total Market Cap Excluding Top 100The Crypto Total Market Cap Excluding Top 100 tracks mid and low-cap coins, currently valued at $12.5B. Despite the HTF corrections since 2021, it has been in a bullish trend since early 2019.
Key bullish continuation and invalidation levels are outlined on the chart.
GOLD FORCAST FOR NEXT WEEK
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Bitcoin should go up nowHi traders,
Last week Bitcoin made a (bigger) correction down just as I've said in my outlook.
Now it should go up again from here (rejected from the bullish 4H FVG) for the wavecount to stay valid.
If price drops below the red dotted line, we could see a much bigger correction for Bitcoin.
Let's see what the market does and react.
Trade idea: Wait for a change in orderflow to bullish to trade longs again.
If you want to learn more about trading FVG's with wave analysis, please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my analysis.
Don't be emotional, just trade your plan!
Eduwave
Up again for goldHi traders,
Last week gold made a bigger pullback for wave 2 (updated wavecount).
So next week we could see the next impulse wave 3 (blue) up.
Let's see what price does and react.
Trade idea: Wait for a change in orderflow to bullish and an impulse wave and correction down on a lower timeframe to finish and trade longs again.
If you want to learn more about trading FVG's & liquidity sweeps with wave analysis, please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
SPX500USD still going upHi traders,
How accurate do you want an outlook to be? Last week I said price rejected from the Daily BPR so we could see this pair go up again to the higher Daily FVG. And that's exactly what happened.
And after price swept the liquidity to the left, it made a correction into the 4H FVG.
So next week we could see the continuation of the upmove.
Let's see what the market does and react.
Trade idea: Wait for a bullish change in orderflow and a small correction down on a lower timeframe to trade longs.
If you want to learn more about trading FVG's & liquidity sweeps with Wave analysis, then please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
Wave 3 up is coming for EUHi traders,
Last week EU finished impulse wave 5 (orange) up to finish wave 1 (red) and the bigger pullback wave 2 (red). Check my previous outlook about what I said. Coincidence?
Next week we could see the next impulse wave 3 (red) after the finish of the small correction down.
Let's see what the market does and react.
Trade idea: Wait for the finish of the small correction down to trade Wave 3 (red) up.
If you want to learn more about trading with FVG's, liquidity sweeps and Wave analysis, then make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave