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Elliott Wave

BITCOIN → The market is getting ready to pass 100K. New targets?BINANCE:BTCUSD after a strong rally is consolidating without the possibility to form a deep correction, which indicates that the coin is ready to update the highs and go higher, for example, to 100-105-110K. Despite the fact that bitcoin is losing its dominance in the market and it is possible to say that the alt season is open, the flagship of the cryptocurrency market has a huge potential to continue the rally. At the very least, the market is interested in reaching 100K, from which we are one step away. Fundamentally: whales continue to accumulate the asset, buying up at every opportunity. Trump with his policies on cryptocurrencies is still a strong driver for the flagship and the cryptocurrency market as a whole... Technically: The recent local correction is just a trap to gather liquidity before further growth. Pullbacks are now attracting large institutional buyers Resistance levels: 99K, 100K Support levels: 94.7K, 91.25K, 89.2K An ascending triangle can be seen on the chart, which can be interpreted as a buyer's interest in breaking the resistance. The bulls continue to put pressure on the market. Trigger 99K. If this zone is broken, bitcoin could go to 105K Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
42
Weekly Elliott Wave Count for XAUUSDPrimary Wave Count: The chart indicates we are in Wave 3 of a larger impulsive structure, with a potential pullback forming Wave 4 before the final push to complete Wave 5. Key Levels: Wave 4's main support zone aligns with the 2412–2471 range, where buyers are likely to step in for the next upward leg. Invalidation Point: The ongoing 4th corrective wave would be invalidated if prices rise above the 2721 level, indicating the structure is transitioning into an alternative wave scenario. Wave 5 Target: Wave 5 is projected to extend towards the 2935-3000 region, completing the current cycle with a likely divergence in momentum indicators. Momentum Confirmation: RSI divergence at Wave 3’s peak supports the corrective pullback scenario, while maintaining bullish momentum for the final impulsive wave.
TVC:GOLDShort
by ewturk
BBRI Is Going To Bottom in Mid-DecemberAfter a constant barrage of selling from March until June, and then quite of a rebound from 4100 to 5600 (almost 40%), BBRI continues to dive almost everyday since mid-September. This is supported by the huge foreign outflow BBRI has been suffering. Last Friday, BBRI's foreign outflow amounts to IDR823 billion. To put into perspective, IHSG Friday foreign outflow is IDR1.6 trillion, which means BBRI accounts for more than half of the outflow from IHSG. Technical wise, BBRI has now constantly being traded under its 200 day moving average for almost 3 months. BBRI will most likely complete the (iii) wave of the C wave next week around 4100. Volume on last Friday's trading is relatively large. This means selling has not eased yet. I believe BBRI will bottom under 4000 ; 3700-3800
IDX:BBRIShort
by MrSparkles69
BTC Harmonic Elliott Wave and Hurst Cyclic AnalysisFirst, let's analyze the wave structure for BTC. I am considering the entire bullish move from November 2022 to the present as a 5-wave impulsive move, and we are currently in wave (5). More specifically, we are in wave IV of A of (5). Wave IV could develop as a flat correction, and considering a shallow retracement of wave III, a pullback to around 84,064 is possible. When we look at the Hurst cycles, the trough from August 2024 marked a significant 80-week (80W) cycle low, which led to a strong bullish push. The first 20-week (20W) cycle trough of the current 80W cycle is expected in the third week of December 2024, which could align with wave IV in our wave analysis. The next major trough is the 40-week (40W) cycle low, expected in May 2025, which is currently labeled as wave B of (5).
BITSTAMP:BTCUSD
by bamdadsalarieh
Link, breaking. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! #Link another dino bag. Can move in the background whilst I focus on others. Coming into the highly contested $20 area. So far, it's been breaking and flipping levels. $20 would be a yuge flip! Need a big push to suggest this is a wave 3, $100 link if it plays or it could just be a ZZ up, at 2 degrees...break $20 and $40 first. Trade safe, trade smart, trade clarity.
Long
by CryptoKnee
1
XAU/USD 27.11.2024OANDA:XAUUSD Hello Traders, A quick update on gold: Wave Orange A is definitely completed. I’m now looking for bullish momentum, either as a 12345 setup (as I’ve drawn) or potentially as an ABC formation leading to my Orange B. The Fibonacci zones remain consistent regardless of the scenario. At the moment, I already have two buy positions. My current target is the retracement level of Wave B. Once I can confirm whether the structure is forming an ABC to B or a 12345 setup, I’ll adjust my target accordingly to the relevant Fibonacci extension level.
OANDA:XAUUSDLong
by NeptenFX
1
XAG/USD 29.11.24FXOPEN:XAGUSD Hello Traders, After a long-term analysis of the silver chart, I am fairly confident that this calculation is correct. Following a 12345 setup downward from a larger wave 3, we may have potentially formed an A wave of an ABC correction within the larger wave 4. While A waves can sometimes follow a 12345 pattern, this is less common—especially in the case of silver, where the chart is quite messy. Therefore, I wouldn’t be overly concerned whether the A wave forms an ABC or a 12345 setup. What’s important now is to see a breakout above the last high to confirm the bullish momentum. Once this happens, wave B can be calculated using Fibonacci levels. After wave B is completed, we can proceed to calculate wave C.
FXOPEN:XAGUSDLong
by NeptenFX
1
XAU/USD 29.11.24OANDA:XAUUSD Hello Traders, After reevaluating my analysis—since my previous setup was invalidated—I would like to share my alternative chart view with you. Following our 3-wave move to the upside, we’ve now completed wave (A) and wave (B) correction to the downside. At this stage, I expect a standard 12345 setup from wave (B) to wave (C), which would align with typical market behavior. However, I am also considering the possibility of an ABC move to the downside as an alternative scenario. Let’s stay alert to these potential developments and adapt our strategies accordingly.
OANDA:XAUUSDShort
by NeptenFX
1