Update BTC.DFrom the data shown on the drawing, we find that a Diagonal Leading pattern has been formed and is then considered a wave A, then a correction is made in wave B, which is the bottom of the Leading pattern, from which altcoins and Ethereum breathe, and when it reaches the bottom, then a final wave C begins, rising strongly in the same direction upward. Let us follow
Note: The model fails if it closes above an area 55.26%
Elliott Wave
Please be carefulIn principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
It appears in front of me. According to Elliott's rules, this is a triangle consisting of five internal waves. This is considered a B wave, and then it falls again in a final C wave. Confirmation of the trend is when it breaks the top of wave D, from which this decline is confirmed. The analysis fails only if it breaks the top of wave D. Good luck
NIFTY50.....Buying panic all around!
Hello Traders,
the NIFTY50 has extended my cited price area to ~24620 range. It was exactly @ 24589.15 points!
Here, a wave iii (blue) ended!
Chart analysis:
If this was all of waves (5) of iii (blue), the next move could be a wave iv (blue) to around the range of 23709 to 23845.15 zone! This one should morph into an a-b-c correction, or a triangle. While triangles are the most often failed chart patterns during a wave iv of any degree is, we will focus on the a-b-c correction!
So, one higher high is still missing, but I guess the next high will be just a wave ((i)) of v (blue) with more highs to come!
As I am in a hurry, only a short update today. I'll try to publish another update by Wednesday.
Have a great Sunday.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
AUDNZD Elliott Wave AnalysisHello friends
On the AUDNZD currency pair chart, we are witnessing the formation of a complete Elliott wave pattern. These waves from 1 to 5 are quite clear and we can even count its sub-waves. Now a 5-wave pattern has formed, with wave C completed by a range.
Wave 5 of wave C is a contracting triangle.
Now the upper trend line of this triangle has been broken and pulled back.
So we expect the price to grow. Any situation may arise.
The first target is also the 1.08400 range.
The stop loss is also considered the 1.06500 range.
Good luck and be profitable.
My Thoughts #004My thoughts are that the pair will buy...
The daily trend is very much bearish and with trend once it have made a new low(LL)
We need to see it printing a new High(LH)
Confirmation??
I see a Choch and the market is creating Highs confirmation for the new High(LH)
The pair might just sell
So use proper risk management
Let's do the most
Bitcoin going upHi traders,
Last week Bitcoin consolidated and went up on Wednesday. This could be wave 4 (grey) and price is now in wave 5.
Price came into a Daily bullish FVG so now we could see more upside again.
Let's see what the market does and react.
Trade idea: Wait for a change in orderflow to bullish, an impulse wave up and a small correction down on a lower timeframe to trade longs.
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 for gold!Hi traders,
Last week gold consolidated and dropped. It looks like the b-wave of the correction was a Triangle and now it's in the last Wave c (blue).
For next week we wait for the finish of the correction (Zigzag) into the Weekly FVG and after that we could trade longs again.
Let's see what price does and react.
Trade idea: Wait for the correction to finish and a change in orderflow to bullish to 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
Scenario Failure at 1.33298 – Is a Correction Coming?FX:GBPUSD We are about to complete the fifth wave, but the scenario may fail if the fourth wave is broken at 1.33298. This could indicate the beginning of a correction or a reassessment of price movement, requiring close monitoring of the next support levels to determine the market's direction.
Down for SPX500USDHi traders,
Last week SPX500USD did not close below the Daily FVG and broke the Weekly FVG. Now the trend has changed to bullish but price is moving very slow. This could indicate a leading diagonal (wave 1).
So next week we could see a (corrective) move down from the Daily FVG above.
Let's see what the market does and react.
Trade idea: Wait for price come into the Daily FVG above and a change in orderflow to bearish, a small impulse wave down and a small correction up on a lower timeframe to trade (short term) shorts.
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
One more move down for EUHi traders,
Last week EU finished the correction and went lower just like I've said in my outlook.
Next week we could see another wave down into the Weekly/ Daily FVG. After that upside again!
Let's see what the market does and react.
Trade idea: Wait for price to come into the FVG's and give a rejection. After a a change in orderflow to bullish, a small impulse wave up and a correction down on a lower timeframe you can trade longs to the higher Weekly FVG.
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
ALPHA Potential ReversalPrice rise was strongly rejected at the August 2024 low, which is now a key level.
Nevertheless, I am currently biased to the upside, with a presence of bullish RSI divergence in the daily chart.
In this scenario, the recent rise would be a leading diagonal (green 1-5).
The gray zone shown in the chart could offer the support needed for a new uptrend leg.
BTC Elliott wave analysis 5/3/2025For me , I think the Wave B of the Big 4 is already finished as you can see the clear divergence in 4 hours timeflame and the small wave count is also confirm that the end of wave be should be finish and Wave C is ready to coming down. Since the wave B retraced in the range of 0.618 - 0.8 (weak B) we expect the target for the end of wave C is around 1.272 - 1.382 of wave A (B-Failure flat) or around 68000- 65000.Surpisingly , the price target that we get is the same level as the huge suppot zone in 2024 making the 68000- 65000 target price more likely to be the end of C wave. But we should also think of the alternate scenario that the Big wave 4 is already end in WXYXZ (in the wave A) and the upcoming wave 5 (wave B)is already coming up and hit the resistance and waiting to go higher.
Bitcoin long: Expects Wave 5 Extension, Target $112,608I provide an update to the Bitcoin Elliott Wave primary wave counts. Here's a few things to note:
1. Primary Wave 3 = Primary Wave 1. Wave 3 is actually slightly longer than wave 1 but for the purpose of ascertaining whether it extends, we take the position that it did not.
2. Expects Primary Wave 5 extension of at least 1.618x of Primary Wave 1, giving us a target of $112,608.
3. Stop below Primary Wave 4, around $92,750.