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Elliott Wave

BTCUSD evening analysisBull and bear counts for BTCUSD. I think price action from 6 September 2024 to 13 November 2024 can be drawn as a complete impulse, with an extended wave 5. If the above is true, then the question is whether price action from 5 August to 6 September (blue ellipse) is impulsive or corrective. To me, it's hard to see either a standard or leading diagonal impulse. Bulls who missed the break to new ATHs after the election or what to add to their position would likely see price from 73016.50-83796.28 as an opportunity to enter/add. Bears likely see a bull trap with 93423.51 as their stop and much lower prices ahead.
INDEX:BTCUSD
by discobiscuit
Alikze »» ETC | Completing the corrective leg C🔍 Technical analysis: Completing the corrective leg C - In the analysis presented in the previous post, after reaching the supply limit, you were faced with selling pressure. After that, it has entered a correction cycle. - Currently, it is channelized, moving in the downward channel in the daily time frame. - According to the current correction structure, this correction is a three-wave correction that can enter an upward cycle within the specified range after confirming the reversal of the trend. - Therefore, I expect that it will encounter demand in the buying range and then leave the downward channel and grow up to the first supply area or Fibo 0.618. - In addition, the most important area for an upward trend is the $25 range, whose high stabilization will have the ability to reach the supply range of the previous ceiling. 💎 Note: Note that if the bottom of the buy zone is stabilized, the bullish scenario is invalid and should be updated again. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ETCUSDT
Long
by alikze
Alikze »» PEPE | The next rally - 1D🔍 Technical analysis: The next rally, Wave 3 or C bullish scenario - 1D - It is moving in an ascending channel in the daily time frame. - After hitting the ceiling of the channel, the price faced a zigzag correction, which faced buying pressure in the demand range. - In the daily time frame, a movement cycle has been completed up to the ceiling of the channel, after which the correction has been completed with a zigzag correction in the range of the green box. - After that, it had a rally in the form of the first wave, after which a zigzag correction in the bottom range of the channel met with demand. 💎 Currently, it is located in the middle of the channel due to the failure of the previous roof. 💎 Therefore, this bullish wave can continue the bullish trend to the specified areas with a pullback to the broken structure. ⚠️ In addition, if the price enters the Invalidation LVL range, the bullish scenario will be invalidated.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:PEPEUSDT
Long
by alikze
3
Gold Price Analysis For Next Move? Read CaptionOANDA:XAUUSD dropped from 2790 and currently trading on 2557 it will consolidate here from range of 2546-2557 and will make a rectangle pattern , once rectangle constructed it will breakout the rectangle and give the targets given in chart. Gold have just completed its Elliott 4th Wave in Day time frame and also completed 5th impulsive wave in short time from from H1 to 5min now, now it will do corrective move in short term and 5th impulsive move in high time frame
FX:XAUUSDLong
by GoldMasterTrades
3
GOLD → Correction ahead of PPI before falling to $2470FX:XAUUSD on the news continues its bearish rally. The price is breaking the structure of 2547. A false breakdown and counter-trend correction may form before PPI and Powell's speech... Demand for the dollar rises at the expense of gold. Trump-led euphoria continues to support the index despite relatively weak CPI data and the stance of Fed policymakers. In the medium term, the focus is on the next Fed rate meeting. The most likely scenario is a 0.25% rate cut. Bulls in gold are likely to have to reassess their medium-term targets as the dollar's rise caused by Trump's trade is outweighed despite the Fed's relatively dovish stance. For today, all eyes are on Powell's speech and PPI and jobless claims. Technically, gold is testing the important level of 2546 as part of a strong decline. A false breakdown and correction is possible. Resistance levels: 2577, 2589, 2595 Support levels: 2546, 2531, 2500 Before the news, a rebound to the imbalance zone or local resistance may be formed in the hope to win back the losing positions of those who have not yet managed to leave the market. I expect that after the correction the price will continue its decline. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
11
This is the only Dollar chart you’ll need for 2025The current strong recovery of the US dollar is largely Trump-related, as his policies suggest that the economy could expand, potentially leading to higher inflation and rates to counteract it. It’s important to recognize that this move since the end of October is a type of euphoria or optimism surrounding Trump. However, once Trump actually takes office, we may see new flows and trend directions emerge. In Trump’s previous term, the dollar turned lower quite aggressively, topping in December 2016/ January 2017. I’m wondering if we could see a similar price action this time. In Elliott wave terms, we should definitely be aware of a potential reversal. Looking at the current chart, we see five waves down followed by an ABC recovery—the most basic and clear Elliott wave structure. The five-wave decline signals a bearish trend starting in 2022/23, and the current pause could set up for another drop in the dollar. Always when you track a correction or a counter-trend move, watch for a three-wave pattern before concluding that the dollar has reached a resistance point. Currently, wave C is still ongoing, possibly in its late stages, though it hasn’t yet reached the 108 level, which is likely an important reversal area. This zone aligns closely with the 61.8% Fibonacci level, a key for the final stages of corrective retracement. To me, this suggests that the dollar could potentially sell off next year. Now, you may be wondering what this means for other markets. It depends on the catalyst behind the dollar’s turn. If a recession triggers it, stocks might also face downside pressure. Alternatively, if the dollar weakens due to extreme inflows into other assets, particularly stocks, then equities could continue pushing higher. A lot of of money is still on the sideline, and is likely waiting for new opportunities, and if stocks will keep pushing up, funds could shift from the dollar to stocks, potentially creating a blow-off top. This could mean that 2025 might be an “interesting” year for stocks, with potential for a major reversal. Grega
TVC:DXY
by ew-forecast
What's next for PEPE?It looks as though there is a fractal forming with PEPE that can take it onto significant higher highs. If wave 5 completes, we'll see the same fractal playing out from the two boxes. The Hurst cycles at the bottom also infer that this upward surge can happen quite quickly given there's not a huge amount of time left before the end of the cycle, validation the 5 waves. No matter how good PEPE looks, I'm not going near it. But, it's up to you as they say. Follow for more.
Long
by cryptechcapital
4
PEPE/USD a daily look at meme coin moonshot Looking at the 30m timeframe along with the higher timeframe context : Elliott Wave Analysis: 1. Wave structure Looking at the 30m timeframe along with the higher timeframe context: - Wave 1: Initial impulse from 0.0{4}12489 - Wave 2: Shallow retracement - Wave 3: Strong impulse to 0.0{4}25914 (typically strongest wave, which fits here) - Wave 4: Current corrective phase (should not overlap wave 1) - Wave 5: Potential upcoming (if rules satisfied) Fibonacci Relationships: - Wave 3 ≈ 1.618 * Wave 1 (common relationship) - Wave 4 retrace staying above 38.2% of Wave 3 (typical) - Key Fib level at 0.0{4}20252 (current MA50) Indicator Analysis: 1. MACD: - MACD line: -0.0{5}1404 - Signal line (DIF): -0.0{6}293 - Showing bearish divergence on recent highs 2. KDJ: - K: 17.55 - D: 24.31 - J: 4.03 - Showing oversold conditions 3. OBV: - OBV: 3,499,467 - MAOBV: 3,418,096 - Showing sustained buying pressure Updated Key Levels: Support: 1. 0.0{4}20252 (MA50) 2. 0.0{4}19943 (Previous structure) 3. 0.0{4}18000 (Psychological) Resistance: 1. 0.0{4}25914 (Recent high) 2. 0.0{4}23038 (MA21) 3. 0.0{4}22446 (MA9) Trade Setup Strategy: Entry Conditions: 1. Primary Entry Zone: 0.0{4}20252-21000 2. Confirmations needed: - Bullish divergence on MACD - KDJ crossing upward from oversold - Volume spike above MAOBV - Candlestick pattern (bullish engulfing or morning star) Risk Management: - Stop Loss: Below 0.0{4}19943 - Take Profit Targets: 1. TP1: 0.0{4}22446 (MA9) 2. TP2: 0.0{4}23038 (MA21) 3. TP3: 0.0{4}25914 (Previous high) Entry Execution: 1. Scaling approach: - 30% position at initial entry - 40% on first confirmation - 30% on trend confirmation Additional Considerations: 1. Fair Value Gap (FVG) from higher timeframe provides additional resistance zones 2. Watch for volume confirmation at key levels 3. Monitor higher timeframe trend alignment 4. Be aware of potential wave 5 extension if wave 3 is confirmed complete
Long
by dasBoot
1
Bitcoin Analysis==>>First Attack Will Fail!?Bitcoin ( BINANCE:BTCUSDT ) is moving near the Potential Reversal Zone(PRZ) and Important Resistance lines . I don't expect Bitcoin to be able to break the important resistance lines in the first attack . What do you think !? Bitcoin managed to form a New All-Time High again today. According to the Elliott wave theory , Bitcoin seems to be completing the main wave 3 or even main wave 5 in the 1-hour time frame , which can end in a Potential Reversal Zone(PRZ) . I expect Bitcoin to drop to Cumulative Long Liquidation Leverage and then to $88,000 in the coming hours . Fear and Greed Index is Extreme Greed (84-87). For a better understanding , I suggest you look at the analysis below in the weekly time frame .👇 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
23
Alikze »» ARB | Expanded flat modification🔍 Technical analysis: Expanded flat modification - It is moving in a downward channel in the weekly and daily time frame. - The current corrective structure is completing a full 5-wave cycle. - According to the structure, an expanded flat is being formed. - This correction can enter an upward trend in the current area or a value lower in the range of 0.39 with the confirmation of the return, which can conquer and cross its previous major ceiling. But in the short time frame of 12H, two behavioral scenarios can be considered to continue the process. 💎 Scenario 1: Keeping the green box, have a return to the neckline range. 💎 The second scenario: or if the green box area breaks, it will continue the downward correction to the range of 0.39. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ARBUSDT
Long
by alikze
2