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Elliott Wave

ADA/USDT: Potential Reversal with SMC and ICT StrategiesBINANCE:ADAUSDT ADA/USDT: Potential Reversal with SMC and ICT Strategies Analysis: The chart shows the ADA/USDT pair on a 4-hour timeframe, published on TradingView. The chart is rich with technical indicators and annotations, including price action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies. Price Action and SMC Analysis: Break of Structure (BOS): Multiple BOS points are marked, indicating significant shifts in market structure. Change of Character (ChoCH): Several ChoCH points are noted, suggesting potential reversals or shifts in trend. Volume Profile: The volume profile on the right shows high trading activity around the 1.0736 level, indicating strong support/resistance. ICT Elliott Wave Analysis: The chart shows a descending channel with multiple touchpoints, suggesting a corrective wave pattern. The price appears to be breaking out of the descending channel, indicating a potential bullish reversal. Indicators: RSI: The RSI is currently at 74.65, indicating overbought conditions but also suggesting strong bullish momentum. Volume Oscillator: The volume oscillator shows a recent spike in buying volume, supporting the bullish breakout. Buy Strategy: Entry: Enter a long position at 1.0736, which is a key support level and the point of breakout from the descending channel. Take Profit (TP1): Set the first take profit at 1.1194, where there is significant resistance as indicated by the volume profile. Take Profit (TP2): Set the second take profit at 1.1542, the next major resistance level. Stop Loss (SL): Place the stop loss at 1.0736 to minimize risk in case of a false breakout. Follow @Alexgoldhunter for more strategic ideas and minds Sell Strategy: If the price fails to hold above 1.0736 and breaks back into the descending channel, consider shorting with a target back to the lower boundary of the channel. This analysis combines price action, SMC, and ICT Elliott Wave strategies to provide a comprehensive trading plan for ADA/USDT.
by Alexgoldhunter
Gold Price Analysis: Key Levels and Potential Reversal ZonesFXOPEN:XAUUSD Gold Price Analysis: Key Levels and Potential Reversal Zones The chart displays the price action of CFDs on Gold (US$/OZ) on a 4-hour timeframe. The chart is annotated with various technical indicators and concepts, including Break of Structure (BOS), Change of Character (ChoCH), Fibonacci retracement levels, and volume profile. Price Action Analysis: The chart shows multiple BOS and ChoCH points, indicating shifts in market structure. The price has recently broken below a significant support level around 2,640.978, suggesting a bearish trend. Smart Money Concepts (SMC): BOS and ChoCH annotations highlight key areas where institutional traders might have entered or exited positions. The recent BOS at 2,640.978 suggests a potential continuation of the downtrend. ICT Elliott Wave Analysis: The chart shows potential Elliott Wave patterns with corrective waves forming within the highlighted Fibonacci retracement zones. The 0.382 (2,659.5136) and 0.786 (2,594.0628) Fibonacci levels are key areas to watch for potential reversals. Volume Profile: The volume profile on the right side of the chart indicates high trading activity around 2,726.130 and 2,601.810, which can act as resistance and support levels, respectively. Indicators: The MACD histogram at the bottom shows a mix of red and green bars, indicating fluctuating momentum. Buy Strategy: Entry: 2,601.810 (near the support level and high volume area) TP1: 2,640.978 (previous support turned resistance) TP2: 2,659.5136 (0.382 Fibonacci level) SL: 2,582.264 (below the support level) Sell Strategy: Entry: 2,640.978 (previous support turned resistance) TP1: 2,601.810 (support level and high volume area) TP2: 2,594.0628 (0.786 Fibonacci level) SL: 2,659.5136 (above the 0.382 Fibonacci level) Follow @Alexgoldhunter for more strategic ideas and minds This detailed analysis incorporates various trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies, to formulate comprehensive buy and sell strategies. The indicators displayed on the chart, such as Fibonacci retracement levels, volume profile, and MACD, support the analysis and identify key levels for entry, take profit, and stop loss.
TVC:GOLD
by Alexgoldhunter
DOGE Paws and Reflect: corrective or new impulse?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! DOGE’s recent price action has us wagging our tails in anticipation. However, the current pattern suggests that the bulls might need to sniff out some serious momentum to keep upward continuation on track. With the potential triangle pattern now behind us, here’s where DOGE stands: ### Key Levels to Watch 1. **0.35 - The Ideal Bone to Chew On:** This level is the sweet spot for maintaining a bullish outlook. If DOGE can hold 0.35, it keeps the door open for a potential rebound and a chance to bark back at resistance. 2. **0.30 - The Last Leash for Bulls:** Should 0.35 slip through the paws, 0.30 becomes the final defense. A drop below this level could leave the bulls chasing their tails as bearish momentum takes hold. 3. **0.41 - The Alpha Level:** This is the key resistance zone. If DOGE can break above 0.41, it could mark the start of a new upward sprint. A rejection here or below the level, however, might have the bears howling with delight. ### Scenarios to Consider - **Bullish Continuation:** DOGE breaks free above 0.41, signaling that the bulls are back in the driver’s seat, possibly targeting new highs. - **Bearish Breakdown:** A failure to hold 0.35 or a deeper slip below 0.30 would likely mean DOGE is heading into a doghouse of corrections, with bearish momentum wagging its tail all the way down. ### Final Thoughts The DOGE pack is at a critical crossroads, and the next moves will define whether the bulls can retrieve control or if the bears are about to sink their teeth into the action. Stay sharp, keep your levels in focus, and don’t let this market collar you.
Long
by CryptoKnee
XRP/USDT: Potential Bullish Continuation with Key Level IndicatrBINANCE:XRPUSDT XRP/USDT: Potential Bullish Continuation with Key Levels and Indicators Analysis: The chart shows the XRP/USDT pair on a 4-hour timeframe, with various technical indicators and tools applied. The price is currently at 2.3839 USDT. The chart includes Fibonacci retracement levels, trend lines, volume profile, RSI, and MACD indicators. Price Action: The price is trading within an ascending channel, indicating a potential bullish trend continuation. Key resistance levels are at 2.4801, 2.5090, and 2.7281. Key support levels are at 2.2000, 1.9954, and 1.9000. Smart Money Concepts (SMC): The price has broken above a previous resistance level at 2.2000, now acting as support. The volume profile shows significant buying interest around the 2.2000 level, suggesting strong support. ICT Elliott Wave: The price appears to be in the third wave of an Elliott Wave pattern, typically the strongest and most impulsive wave. The Fibonacci retracement levels indicate potential targets for the third wave at 2.4697 (0.382) and 2.7281 (0.618). Indicators: RSI is at 61.76, indicating bullish momentum but not yet overbought. MACD shows bullish momentum with green bars and the MACD line above the signal line. Buy Strategy: Entry: 2.3839 USDT (current price) Take Profit 1 (TP1): 2.4801 USDT (next resistance level) Take Profit 2 (TP2): 2.7281 USDT (Fibonacci 0.618 level) Stop Loss (SL): 2.2000 USDT (below key support level) Follow @Alexgoldhunter for more strategic ideas and minds Sell Strategy: Entry: 2.7281 USDT (Fibonacci 0.618 level) Take Profit 1 (TP1): 2.5090 USDT (previous resistance level) Take Profit 2 (TP2): 2.2000 USDT (key support level) Stop Loss (SL): 2.9000 USDT (above key resistance level) VIP Signal: Buy: 2.3839 2.4801 2.7281 2.2000 This detailed analysis uses various trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave Theory, to generate comprehensive buy and sell strategies. The indicators displayed on the chart, such as Fibonacci retracement levels, volume profile, RSI, and MACD, support the analysis and identify key levels for entry, take profit, and stop loss.
by Alexgoldhunter
Bitcoin - A quarter of a million dollars - is it possible?Good Morning, Good Evening! A new year brings new candles, new opportunities and new challenges. I decided to write down my new thoughts and, where appropriate, reflect on my previous analyses. Naturally, my primary focus is on the asset that leads the cryptocurrency market – Bitcoin. I must mention that I am not someone with formal education in this field. I am self-taught, placing a strong emphasis on using Technical Analysis as the main component of my decision-making process. This stems from my belief that although the chart is difficult to read, it largely allows for the interpretation of the hidden intentions of "smart money." I want to stress that the following words reflect only my personal point of view, which may not be correct, and that this publication is by no means investment or educational advice as understood by any law regulating such matters. I simply intend to ramble about topics I don’t fully understand. Background Since its inception, Bitcoin has been in a continuous long-term upward trend. Throughout this time, there have been four minor reaccumulation structures and four major ones, occurring chronologically. Each structure has taken progressively longer to form, and the upward trend has been gradually flattening over time. Technical Analysis and Thoughts In this analysis, I will apply tools from volume analysis, Wyckoff methodology, Volume Spread Analysis (VSA), and Elliott Wave Theory. At the beginning, I will refer to an analysis I published about a year and a half ago on this platform: "Comparative Analysis of BTC," 24.09.2023 (links attached). Looking back at my previous analysis, I see that my reasoning and chosen tools were correct. As is often the case in attempts to master the market using Technical Analysis, the price action deviated from the expected scenario. However, the primary trend remained intact. I missed certain key structures, such as the Spring, which I would interpret differently today. But I will get to that later. The key resistance levels, derived from price structure and Fibonacci extensions, appear to have been recognized by the market. The price stalled just below the resistance level at 2.618, an extension based on the Spring-Buying Exhaustion range from 2015 and 2017/2018 reaccumulation phases. Similarly, the external measurement of 1.618, calculated from the 2017/2018 Spring to the 2021 Upthrust, was respected by market participants. Both levels align perfectly with significant price points. I mentioned that today I would approach the topic differently. This is due to the revealed market structure (it's always easier to analyze when you can see everything, right? 😉) as well as the experience I've gained by continuously expanding my analytical horizon. Looking at the latest high-order reaccumulation structure (December 2021 – March 2024), I realize I made an error in my interpretation. The overall price action indicates a lack of supply around the $16K level. Interestingly, BTC/USDT on Binance shows significant accumulation, which I deduce from Bag Holding candles. The core point of my argument is that I have witnessed the formation of a large accumulation structure, whose elements align with the Wyckoff methodology. The market behaved as expected based on this interpretation. One particularly important element is the Last Point of Supply (LPS), represented by the March 2024 – November 2024 reaccumulation phase. I discussed this process in detail in my September 6, 2024 publication titled "Bitcoin – Technical Analysis." The ~250-day trading range, during which the price was stuck, allowed Smart Money to accumulate assets from those willing to sell. Despite the temporary stagnation, which I currently observe, the upward trend will likely continue. The strength of this trend is confirmed by the use of volume-weighted average price (VWAP) anchored to the Test of Phase C, according to Wyckoff's methodology. When analyzing the three most recent tests in the three highest-order reaccumulation structures, I observe that the price moves within a channel defined by the second and third standard deviations. I think that the current sideways structure is a Back Up to the Creek from the latest high-order reaccumulation phase. Its characteristics resemble a reaccumulation phase. At this stage, I am unsure whether this structure will directly lead to a breakout to significantly higher price levels, or whether it will result in an Upthrust of a higher-order structure, followed by another Spring. The structure shows declining volume and several Bag Holding candles, marked with green arrows on my chart. The Upthrust does not exhibit distribution characteristics but instead suggests a lack of demand. The candle marked with a question mark is interesting due to its dual nature. However, upon closer examination of the 4-hour interval, it appears to be an Upthrust of a lower-tier structure, aimed at absorbing supply. I want to highlight the relationship between the Test of Phase C and the structure forming along previous peaks. Considering the two most recent reaccumulation phases, the situation is as follows: I do not take into account overly optimistic price movements that exceed the 8.0 external retracement level, due to the flattening of the global trend over time. Instead, I consider more realistic targets based on Fibonacci levels, such as 3.618 and 2.618 extensions, indicating a price range between $170K and $230K. In my September 24, 2023 analysis, I mentioned $240K as a 3.618 external retracement level measured from March 2020 to October 2021. Using 1:1 geometry, I estimate that the price could reach around $250K, which aligns with my other methods. Conclusion of the Analysis I have presented various methods to identify the direction and potential range of Bitcoin's price movement. Although it is difficult to pinpoint the exact peak of the trend, the analysis provides sufficient signals to expect supply levels within the indicated price ranges. Confirmation of a trend reversal would require a high-order distribution structure visible on higher time frames. Final Thoughts I have intentionally referred to my previous analyses to maintain continuity and to highlight both successes and mistakes. The purpose of this reflection is to improve my analytical process by identifying what I did well and where I need to focus more in future analyses. I believe that Technical Analysis, practiced for over a century, holds a certain beauty and logic. The process of applying it, and reaping its rewards, is an intellectual delight. Ultimately, the weakest link is not the tool, but the person using it. Therefore, continuous improvement and patience are essential. The chart is the only reliable source that reveals the intentions of Smart Money or Composite Man, depending on the interpretation of market personality. Thank you to everyone who has taken the time to read my thoughts. I hope you found them insightful, and that your time was well spent. Wishing you health, perseverance, and successful trades. May you master the art of recognizing well-formed market structures. CatTheTrader
INDEX:BTCUSDLong
by CatTheTrader
Block (SQ): Preparing for a Breakout Year in 2025NYSE:SQ is shaping up to either become one of the top picks for 2025 or face a potentially challenging year ahead. From the monthly chart, NYSE:SQ has mostly traded between $100–$35 since its IPO in 2015. While the $35 level seems unlikely to be revisited anytime soon, the current focus is on reclaiming the Value Area High (VAH) at $100. Success here could trigger strong percentage gains over the next few months. We’re adopting a cautious approach, closely monitoring the chart. On the lower time frame, NYSE:SQ is sitting in a key support/resistance zone (highlighted as a yellow box). Ideally, we want to see a break above the Value Area Low (VAL) and the completion of a smaller 5-wave cycle, marking the end of wave (i). A bearish divergence on the RSI at this stage would add confluence. Following this, a pullback could provide the perfect entry point for a long position. At this time, we haven’t placed a limit order. A break below $55 would be a critical red flag, suggesting potential bearish developments, though this scenario seems unlikely without unexpected negative news.
NYSE:SQLong
by freeguy_by_wmc
Google Wave Analysis 6 January 2025 - Google broke daily Triangle - Likely to rise to resistance level 200.00 Google under the bearish pressure after the earlier breakout of the resistance trendline of the daily Triangle from the start of December. The bottom of this Triangle stands close to the support level 182.60 (former strong resistance from November). The breakout of this Triangle accelerated the active minor impulse wave 3 of the higher order sharp impulse sequence (C) from September. Given the predominant daily uptrend, Google can be expected to rise to the next round resistance level 200.00 (target price for the completion of the active impulse wave 3).
NASDAQ:GOOGLLong
by FxProGlobal
BIG BIG weekI think 7 FED speakers, A lot of tension in the markets, tops mean polarisation, considering reflexivity theory extreme volatility will ensue. A lot of people might think the -0.786 ATH we got before the holidays is the top. I think they are mistaken as seen in the analysis below. There is still legroom for higher, this is a big bet on my part. I have a few contracts on the mag7 (GOOGL, TSLA and META) focusing on GOOGL since they seem to be in the same headwind as S&P Let's see how this plays out
CME_MINI:ES1!Long
by Osmanomics
FNMA near term resistance possibleFNMA daily update Government has determined a path to release from conservatorship, if this happens then this stock will be relisted and be worth a lot more than the current value At present the stock is nearing a short to medium term resistance level using elliot wave and fibonacci/ harmonics between $4.62 and $4.69 There is a clear crab pattern that aligns with Robert Miners 5th wave projection levels as well, with RSI closing in on 80 which is extremely overbought (But largely irrelevant in trends) It does hint that there will be a short to medium term pause which would align with getting more details of the plan to release these massively profitable behemoths from government conservatorship I've been long on this stock for years and already pulled my original money back out, but see some complex corrections happening for a while around where we are before blasting upward into a larger wave 3 structure
OTC:FNMALong
by dionvuletich
FARTRCOIN losing...steam?..no... gas!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! #Fartcoin Analysis: Key Levels and What’s Next When it comes to Fartcoin, the recent price action has been, well, a real gas. There are several ways to interpret the current move, but one thing that stands out is the sharp swing up from the 0.773 level. With in this move we can see good separation between corrections, catching the eye as a potential impulse. But if this swing was the orthodox end of a larger degree downtrend, we might still expect one more wave 4 and wave 5 to complete the structure. The 1.30 Level: Breaking Wind or Breaking Through? The key area to watch is 1.30. Historically, this level served as resistance but flipped to support during the last leg up. Recently, however, Fartcoin has broken structure by dipping below this level, taking out the previous wave 4. While this isn’t a confirmed game-over moment for the bulls, it’s not exactly a breath of fresh air either. To keep the momentum alive, the bulls need to retake 1.30 and push upwards decisively. Otherwise, this rally might just be running on fumes. What Happens If 1.30 Fails? Should Fartcoin fail to reclaim 1.30 and instead break further below, a retest of this level from the underside would likely solidify the bearish case. In this scenario, it might be time to consider a short position, as the rally could officially let one rip—straight to lower levels. Scenarios to Watch Bullish Redemption: Price retakes 1.30, flipping it back to support, and continues upward. This scenario would validate the potential for further impulsive moves and a continuation of the uptrend. In other words, Fartcoin could blow past expectations. Bearish Breakdown: Price breaks below 1.30 and retests the level from the underside. This would indicate a loss of bullish control and a potential shift to a deeper correction or a full reversal. It’s the kind of situation where the market might just leave bulls holding their noses. Final Thoughts While Fartcoin’s recent moves have been impressive, the current structure is at a critical juncture. Whether it’s going to explode back upwards or blowing the rally to pieces, the 1.30 level will be pivotal in determining the next direction. Bulls need to regain control, but if they fail, it could be time for the bears to toot their own horn. Trade safe, trade smart, trade clarity.
Short
by CryptoKnee