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Elliott Wave

BTC is Still A Correction.BTC is in good rally these days, but my believe is that it is still in a correction. I am not 100% confident in wavecount, but I am confident that BTC is not done correcting until it has gone down to somewhere between 62.500 - 52.500. If the rally BTC is currently in, I believe we are seeing a flat, and I will correct my count accordingly.. But right now I'm seeing a W-X-Y-X-Z correction. Be careful, and do not bet on BTC is rallying to a million just yet ;) For now I believe there will be good odds for following the white line I've drawn on the chart.
by TheDane
GBPJPY Trapped In A Triangle RangeGBPJPY made a very strong reversal in the second half of 2024, following a sharp drop of more than 10%, with an aggressive bearish impulse and also broke the lower trendline of the impulsive channel back in August. Since then, the first recovery unfolded in three waves, suggesting this move could be part of a complex correction—currently still unfolding as a wave B pause. Ideally, this structure is forming a triangle, especially as the drop back to the recent April lows also looks corrective. So, I believe the triangle scenario is the most likely scenario here, and price could now be heading toward the upper side of the range if risk-on sentiment continues. Still, upside may be limited, as this range could stay in play until all A-B-C-D-E legs are completed. If correct, wave C for a deeper move lower is still missing and could develop later this year. Grega
by ew-forecast
GLDGold has extended slightly passed the 2.618 extension fib and then began to fall back down. It is too early to tell if price has finally topped or not. It is no coincidence though that it started moving lower as the market started moving higher. I believe that any drop in price for gold is only temporary. It will, IMO, begin to move higher again around the time this larger consolidation of the indices completes. Should price start to move higher again, we will need to look towards the 2.786 & 3.0 for points of resistance. However, if a local top is in fact in place, we would then continue lower in an overlapping/choppy fashion. I will update as it warrants.
AMEX:GLD
by TSuth
GOLD → False breakdown and change of mood...FX:XAUUSD is strengthening after a false breakdown of support at 3288, with the change in fundamental sentiment due to US statements on the tariff war also providing support for the price. On Thursday, gold rose from a weekly low of $3,260, supported by a weaker dollar and renewed concerns about US trade negotiations with China and Japan. Optimism about tariff cuts quickly faded after denials from the White House. Weak US business activity data is fueling talk of a possible Fed policy easing, which is also supporting gold. The markets remain focused on trade news and Trump's statements. Technically, gold could reach the liquidity cluster at 3314 and continue to rise towards strong resistance at 3370. Resistance levels: 3342, 3370, 3387 Support levels: 3314, 3288, 3270 Below 3314 and below 3288, a liquidity pool has formed, which the market is likely to test before continuing its growth. It is too early to talk about a resumption of a strong rally, as the situation between the US and China is complicated, as are the negotiations on the situation in Eastern Europe, which seem to be moving towards talks, but every time something goes wrong... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
16
FETUSDI sold every single FET I had at around 2.50s in May 24 and I've not been really interested in it since then, apart from a few short term traders. It's always been a terrible asset to trade frequently, a pain to wait for it to do its thing and then everything happens in a matter of few weeks. As if it's not enough, the merger made it even less attactive. Anyway, this chart is from December and finally it's in my buy zone. If the qFVG doesn't hold, then i think it'll go down to htf golden pocket for a 98% retrace from ATH. The team behind is relentlessly building and making partnerships, so i think its time can come again.
CRYPTO:FETUSDLong
by cryptokebab
EURJPY: Short Setup with Target Zones in FocusEURJPY outlines a clear W-X-Y corrective pattern. Wave (W) ended at 161.297 , followed by an upward corrective move in Wave (X), which topped at 162.665 with a classic ABC formation. Currently, the price is hovering around 162.084, likely forming Wave B of the final Y leg. A brief move higher could complete this B wave before the pair resumes its decline toward the 160.922–160.680 area, which marks the projected end of Wave C of (Y). The broader correction is framed by two descending blue trendlines, providing dynamic resistance and support, while a short-term red ascending trendline is currently holding the price action but may soon give way. If the price stalls or rejects around the 162.3–162.5 zone, it could signal the start of the next leg down, making it a potential setup for short positions. After the reversal from Wave Y, potential upside targets are 161.600, 162.500 , and 163.100 . We will update it soon!
by Money_Dictators
2
Ethereum (ETH/USD) Elliott Wave Macro Analysis – Wave (3) Has BeCOINBASE:ETHUSD 🔵 Macro Count Overview Ethereum has been unfolding a clean macro impulsive structure since the 2021 high and 2022 low: November 2021: Major Wave ① top June 2022: Bear market bottom, forming Wave ② From there, we began a new impulsive cycle with a clear internal structure: → 1-2-3-4-5, which completed Wave (1) in December 2024 🟢 Recent Developments – The Foundation for Wave (3) Over the last few weeks, Ethereum has formed a textbook Wave (2) bottom. The correction respected the Fibonacci retracement zones perfectly and provided a strong base. We’ve already seen a clean breakout to the upside, signaling that Wave (3) may now be underway. 🟨 What’s Next – Building Wave (3) We are now likely in the early stages of Wave (3), which is expected to unfold in a yellow internal 1-2-3-4-5 structure. This sequence will drive the price into significantly higher zones, confirming the start of a powerful bullish leg. 🎯 Target Zone for Wave (3): $6,600 – $7,200 Based on Fibonacci extensions of the prior impulse (Wave 1) Potential for higher extensions if momentum and volume align Psychological resistance may act as short-term hurdles, but structure points higher ✅ Conclusion Ethereum has completed its macro Wave (2) correction and is now gearing up for an extended Wave (3). With a breakout already underway, the internal structure points to a 5-wave advance likely aiming for $6,600–$7,200 or higher. As long as recent lows hold, this scenario remains firmly in play.
COINBASE:ETHUSDLong
by ElliotXSolana
Solana (SOL/USD) Elliott Wave Update – Countertrend Rally in ProBINANCE:SOLUSDT 🟠 Current Elliott Wave Outlook After completing Wave ③, Solana began a sharp correction. This is how the current structure unfolds: The initial leg down unfolded as a clear (1)-(2)-(3)-(4)-(5) structure in black – forming the white Wave A of a larger A-B-C corrective pattern. We are now in the corrective counter-move, forming Wave B. 🔄 Zooming into Wave B: Internal Progression The early part of Wave B is unfolding as a small impulse: → Wave 1, 2, 3, 4 have already played out. → We are currently moving from Wave 4 into Wave 5, which is expected to complete the black (A) of white B. The top of Wave (A) is already marked on the chart, coinciding with key Fibonacci Extension levels, which reinforce the probability of local exhaustion. 🟨 Next Structure – Building Wave (B) of B After the black (A) completes, we expect a retracement wave (B). This would then be followed by a yellow 1-2-3-4-5 impulse to the upside – forming the full structure of white Wave B. 📉 What Comes After B? Once Wave B (in white) is complete (built from the black (A)-(B)-(C)), we anticipate another larger leg to the downside – white Wave C. This would complete the full A-B-C correction from the macro top of Wave ③. 🎯 Key Zones to Watch: Black Wave (A) Top = short-term resistance Fibonacci Extension Area = likely exhaustion zone for the current rally Wave B (white) = potential bearish trap before the real drop (Wave C) ✅ Summary Solana is currently in a countertrend corrective phase after finishing a macro Wave ③ top. We are in the midst of building Wave B, starting with a local impulse that forms black (A). After a minor pullback (black (B)), a 5-wave push (yellow) could complete Wave B before another major leg down kicks off in Wave C.
Long
by ElliotXSolana
Bitcoin Elliott Wave Macro Update – Wave (5) 🟢 Macro Structure Since November 2022 Since the bottom in November 2022 (~15.5K), Bitcoin has been unfolding a clean impulsive structure, counted as: (1) – strong breakout from the bear market lows (2) – corrective pullback as a base (3) – major impulsive rally with clear volume expansion (4) – textbook correction right into the white Fibonacci zone, perfectly respected Now, we are in Wave (5) – the final leg of this larger impulse! 🔄 Internal Structure of (4) → (5) From the low of wave (4), the price action is developing in a classic 1-2-3-4-5 formation, where: Wave 1 initiated the breakout Wave 2 formed a shallow pullback Wave 3 surged with momentum and volume Wave 4 seems to have completed (or is finalizing now) COINBASE:BTCUSD Wave 5 is upcoming, potentially unfolding as an ABC structure (rather than a straight-line spike), showing a more measured grind toward the top 🔁 Cycle-Level Perspective This entire impulse from (1) to (5) forms a macro Wave ③ in the larger Elliott Wave cycle. Given the structure of Wave (5) so far, we may not see a vertical blow-off top but rather a controlled ABC move into the top zone. 🎯 Target Zone for Wave ③ $127,000 – $136,000 Based on Fibonacci projections of waves (1)–(3) Strong psychological levels Likely confluence with macro channel resistance and long-term projections ✅ Conclusion Bitcoin is currently progressing through Wave (5) of the macro impulse that started in late 2022. The structure from Wave (4) suggests a well-organized path forward – possibly forming an ABC structure into the final high of macro Wave ③, with targets in the $127K–$136K zone. This level could mark a major turning point before a deeper corrective phase begins.
COINBASE:BTCUSDLong
by ElliotXSolana
BTC Pumped Hard – Is It Time for a Pullback to Fill CME GAP!?Bitcoin ( BINANCE:BTCUSDT ) started pumping after the pullback, as I expected in my previous post , I hope you were able to take profits. Bitcoin is trading in the upper areas of the Heavy Resistance zone ($95,000-$88,500) , near the Resistance lines and the upper line of the ascending channel . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . From the Elliott Wave theory perspective , it seems that Bitcoin has completed the main wave 3 and we can expect the completion of the main wave 4 today . I expect Bitcoin to correct in the next few hours and drop to the targets I have specified on the chart and fill the CME Gap($93,465-$91,415) . Cumulative Short Liquidation Leverage: $95,700-$94,542 Cumulative Long Liquidation Leverage: $92,666-$91,415 Cumulative Long Liquidation Leverage: $90,276-$89,160 Note: If Bitcoin can break the upper line of the ascending channel, we should wait for the next pump. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a 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
38
APTUSDT → Retest of the liquidity zone. Downward trendBINANCE:APTUSDT.P failed to realize its potential. The price made a false breakout of resistance and formed a reversal pattern. Correction or continuation of the downtrend? Bitcoin is rebounding from resistance. Technically, the market may enter a correction or consolidation. Altcoins are reacting accordingly — correction Within the downtrend but local ALT rally, APT failed to realize its potential and formed liquidity accumulation and a false breakout of the downtrend channel resistance before a possible decline... Resistance levels: 5.2, 5.458 Support levels: 4.76, 4.48, 4.17 A consolidation of the price below the trend resistance or below 5.20 could trigger a continuation of the global and local trends. The coin is likely to remain near the bottom and test new lows... Best regards, R. Linda!
Short
by RLinda
3
BlackRock's Bitcoin ETF Can Be Unfolding A Bullish ImpulseBlackRock's Bitcoin ETF with ticker IBIT made a massive rally in 2024, which can be wave 3 of an ongoing five-wave bullish impulse. Despite the recent decline at the beginning of 2025, it's still above 42 invalidation level, and as long as it's above that level, it can be wave 4 correction, so we may still see that 5th wave this year. The Elliott Wave Principle is a form of technical analysis that identifies patterns in market movements. A bullish impulsive wave is one of the most important and common wave structures in an uptrend. It describes how prices typically move in the direction of the main trend. A bullish impulsive wave consists of five waves labeled 1, 2, 3, 4, 5.
NASDAQ:IBITLong
by ew-forecast
EGLD Eyes Tactical Rebound from Structural SupportEGLD remains in a defined macro downtrend since its $544 ATH, but the current price action is reacting once again at a key lateral trendline that has historically triggered major bullish rebounds. The ongoing bounce from this structural support suggests a potential short-term rally toward the $40 resistance zone. We're positioning within the immediate demand zone, with close attention on price behavior at the nearby weak resistance, which could cap this relief move. A breakdown below this demand region, however, opens the door for deeper downside toward the critical support zone highlighted on the chart.
Long
by weslad
GOLD → Reversal or correction? What to do now?FX:XAUUSD reaching the psychological high of $3500 has entered the correction phase, which was also influenced by a slight easing of the tariff conflict between the U.S. and China.... After falling without reaching the zone of interest 3288, the gold price is strengthening at the beginning of the European session, expecting PMI data from the U.S.. Earlier, the metal reached a record of $3,500, but rolled back amid hopes for an easing of the trade war with China and words of the US Treasury Secretary about a possible “détente”. The dollar recovered as part of the correction, but investors doubt Trump's predictability, gold at this time begins a correction. In the center of attention is the PMI index from S&P Global: its results may affect expectations for Fed Funds rates and give a new direction to the market. Resistance levels: 3340, 3360, 3366 Support levels: 3317, 3288 Technically gold is in correction and confirms the bearish structure. But any unexpected statement by Trump may attract aggressive buying. Nevertheless, we should now consider a possible decline from 3340 - 3360 - 3366. Buying could be considered on a retest of support or a close above 3370. Regards R. Linda!
FX:XAUUSDShort
by RLinda
17