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Elliott Wave

Bitcoin Approaches PRZ – Will the Falling Wedge Break ?Bitcoin ( BINANCE:BTCUSDT ) failed to break through the Support zone($106,800-$105,820) after attacking it five times , and started to rise again. Bitcoin is currently moving near the Resistance zone($109,220-$108,280) , Cumulative Short Liquidation Leverage($108,800-$108,085) , Potential Reversal Zone(PRZ) , and Resistance lines . From a Classical Technical Analysis perspective , Bitcoin's movements over the past two days seem to have formed a Falling Wedge Pattern . From an Elliott Wave theory perspective , Bitcoin appears to have completed the main wave 4 within the Falling Wedge Pattern. The structure of the main wave 4 was a Double Three Correction(WXY) . I expect Bitcoin to attack the Resistance lines after breaking the upper line of the Falling Wedge Pattern . If Bitcoin fails to break the Resistance lines before the global markets close , we can expect Bitcoin to fall again. Because entering Saturday and Sunday , the trading volume is generally low , and I think Bitcoin needs a lot of volume to break the resistances . Do you agree with me? CME Gap: $106,645-$106,295 Cumulative Long Liquidation Leverage: $106,055-$105,430 Note: If Bitcoin manages to break the Support zone($106,800-$105,820), we should expect further declines. 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.
Long
by pejman_zwin
31
HYPE — How to Combine Fibonacci, VWAP and Market StructureAfter an explosive +392% rally in just 70 days — from $9.298 to a peak of $45.8 — HYPE has entered a consolidation range as expected. Structurally, this appears to be a 5-wave impulse now transitioning into a corrective ABC pattern. Based on current structure, we may now be forming wave B. What’s Unfolding Now? A potential Head & Shoulders pattern is developing, with price currently working on the right shoulder. The $40 mark stands out as a key resistance — both technically and psychologically: 0.618 Fibonacci retracement of the down move sits at $40.108 Structural resistance from prior highs Ideal area for a short rejection 🎯 Short Setup: Entry: Laddered short between 0.618 ($40.108) and 0.786 ($42.611) Stop-Loss: Above $44 (after rejection adjust to entry) Target: $28–$27 zone R:R potential: 1:3 up to 1:9 depending on entry quality 📍 Why $28–$27 Is Key Support: 0.5 Fibonacci retracement of entire +392% rally sits at $27.549 Anchored VWAP from the rally origin ($9.298) aligns around this zone Weekly & Monthly S/R convergence VAH (Value Area High) 0.618 Fibonacci Speed Fan also aligns as dynamic support Fair Value Gap (FVG) lies in this region Weekly 21 EMA at $28.05/Weekly 21 SMA at $24.10 — both key moving averages providing layered support and trend structure 📐 Bonus Confluence Insight: If this is indeed wave B, then projecting a 0.786/1.0 Trend-Based Fib Extension from wave A aligns well with the 0.5 fib retracement at $27.5. 📚 Educational Insight: Stacking confluences such as Fibonacci retracements, anchored VWAPs, volume zones, EMA/SMA levels, and harmonic structures helps identify high-probability zones where smart money is likely to act. These levels become even more powerful when they align across multiple tools and timeframes. Always confirm with price action. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
17
BITCOIN → Pause for consolidation before growth. 115K?BINANCE:BTCUSDT focus on the structure on D1. The market is forming local resistance and consolidation after growth. The fundamental background is positive. BTC is following the SP500 The market is recovering in line with the stock market (SP500, NQ) after the de-escalation of the situation in the Middle East. The fall in the DXY is also providing support. Technically, the focus is on the consolidation phase after the distribution triggered by a false breakout of 100K. The price stopped before the resistance at 108100 and rolled back to 106500, confirming the boundaries of the local trading range, the essence of which is a pause for a breather before a possible continuation of growth. The structure on D1 is compression towards resistance. The trigger is 108100, and a breakout of this level could trigger distribution towards 110500 and ATH. Despite the fact that the market is under a cascade of resistance (resistance: 108100, 110400, 11900 (ATH)), an important nuance is that after strong growth, the price moved into accumulation in the 100K-110K range on D1-W1, and there are no reasons for a decline yet. Resistance levels: 108100, 108900, 110400 Support levels: 106500, 104650 If the market structure within 106500 - 108100 remains unchanged and BTC continues to storm the consolidation resistance in the “compression to level” format and stick to the level, the chances of a breakout will increase. I do not rule out the possibility of a pullback to 106500, 105650 before a possible rise to ATH. Best regards, R. Linda!
Long
by RLinda
29
Penguins Can’t Fly, But This Chart Might If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! The move off the low looks like a clean, completed impulse wave sharp, decisive, and showing solid structure. After that, we had a double ZZ retracement. While it was a bit deeper than the textbook ideal, it still fits perfectly within the normal range you’d expect for a healthy correction. Now, we’re seeing another smaller-degree impulse forming from the .007 pivot, suggesting that the market is gaining momentum again. Here’s what we’re watching closely: The secondary impulse off .007 continues to build structure. We want to see a pullback after impulse completion that ideally holds above the .011 region, showing the market respects previous support and AOIs. The structure of this potential pullback needs to be corrective rather than impulsive to confirm bullish continuation. A clean move above prior swing highs would confirm that the larger wave 3 or C is underway. Overall, this chart is ticking the boxes for a potential larger upside push if the market respects key levels and continues to print impulsive structure higher. Trade Safe! Trade Clarity!
Long
by CryptoKnee
1
PENGU = ETF Catalyst + Whale Accumulation = +30% More Upside?Today, on the weekend, I want to analyze the Pudgy Penguins project with the PENGU ( BINANCE:PENGUUSDT ) token from a fundamental and technical perspective . Please stay with me. Why did PENGU surge nearly 40% in just 48 hours? Here’s what’s driving it: ------------------------------------------ Fundamental Analysis: 1. ETF Momentum via Cboe: On June 26, Cboe officially filed a 19b-4 form for a new ETF that includes Pudgy Penguins and PENGU as major components. Although not yet approved, this single move has fueled strong institutional anticipation, similar to what happened with Bitcoin ETFs in early 2023. The market often prices in future narratives — and this ETF storyline has been a powerful one. 2.Whale Accumulation Signals According to Nansen data, large holders have increased their balances by 11.37%, and notable wallets linked to public figures by 7% over the last 30 days. Such coordinated accumulation often precedes major price moves, and that pattern seems to be repeating here. 3.NFT Ecosystem Boost The Pudgy Penguins NFT collection saw a 400%+ surge in sales volume. This sharp increase in NFT activity has reignited attention toward the broader Pudgy ecosystem, which naturally benefits its native token, PENGU. Risk Note: The ETF is not yet approved — we're still in the hype phase. Volatility remains high, and strong pullbacks are common in low-liquidity tokens like PENGU. If whale activity continues and institutional narratives grow, the upside potential remains — but so does the downside risk. ------------------------------------------ PENGU token started to rise from the Support zone($0.01-$0.0076) . One of the signs of a continuation of the uptrend was the break of the upper line of the descending channel . Educational Note: One of the price targets after a channel break can be as wide as the width of the broken channel. In terms of Elliott Wave theory , it seems that the PENGU token has completed the Double Three Correction(WXY) , and we can wait for the next impulsive waves . I expect the PENGU token to attack the Resistance zone($0.0128-$0.0118) again, and if this zone is broken , it can increase to at least $0.0137(+30%) . What is your idea about the Pudgy Penguins project? Note: If the PENGU token drops below $0.01, we can expect a break of the Support zone($0.01-$0.0076). Please respect each other's ideas and express them politely if you agree or disagree. Pudgy Penguins Analyze (PENGUUSDT), 4-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.
Long
by pejman_zwin
15
Up for BitcoinHi traders, Last week Bitcoin made a small correction up and after that another drop just as I've said. After it retested the Weekly FVG and broke the previous swing low it went impulsive up again. This could be the next impulse wave to new ATH's. So wait for the correction down to finish and trade longs. Let's see what the market does and react. Trade idea: Wait for the correction down to finish 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
Long
by EduwaveTrading
Down for goldHi traders, Last week gold went lower then expected (wavecount updated). The last wave down could be wave 2 or it's part of a big Triangle/ Flat. Next week we could see this pair to go lower to sweep the liquidity below the lows and fill the 4H bullish FVG. After that it could go up again. Let's see what price does and react. Trade idea: Wait for a small correction up on a lower timeframe to finish and trade (short term) shorts. 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
OANDA:XAUUSDShort
by EduwaveTrading
Watch out for SPX500USDHi traders, Last week SPX500USD made a gap lower but after the fill it went further up and broke the previous swing high (ATH). This could be the last wave 5 (orange) of wave 3 (red). So next week we could see this pair go lower for a (big) correction down. Let's see what the market does and react if it reaches the Daily bullish FVG's. Trade idea: Wait for price come into the Daily bullish FVG's to trade longs again. At the moment price is too high to trade. 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
OANDA:SPX500USD
by EduwaveTrading
1
More upside for EUHi traders, Last week EU started with a gap down. After the fill it swept the lows and after that it made the next impulsive wave up. So next week after the finish of the correction down we could see more upside. Let's see what the market does and react. Trade idea: Wait for the finish of the correction down and a change in orderflow to bullish on a lower time frame. After a small correction down you could trade longs again. 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
Long
by EduwaveTrading
1
IRENs Incredible Surge Continue next wWeek?NASDAQ:IREN has been on a rampage since the April surging 175% and nearing all time high! A great couple of trades for us so far! Price is likely to hit all time high next week with such a strong trend, where resistance and a pullback is a high probability. The weekly pivot is $9.77, the most likely area for price to find support just above the 0.382 Fibonacci retracement (which will be dragged up to the weekly pivot once a new high is made). Price discovery terminal target are the R3 & R5 weekly pivot points at $28 and $40. Safe trading
NASDAQ:IREN
by Maddox_Metrics
1
$HUT Macro Chart Preparing for Breakout?NASDAQ:HUT looks poised for a strong breakout with a wave 3 long term target of $58 and a short term resistances of $21 and $33 HUT is moving strong almost up 100% from the recent swing low, overcoming its weekly 200EMA with ease. A test of the 200EMA as support is likely before continuation. Price is consolidating under major resistance High Volume Node (HVN) and the weekly pivot point. Consolidation under resistance often leads to a breakout. A series of 1-2s appears to be taking place on the Elliot Wave count finding support at the 'BTC-Miners golden pocket' of 78.6 Fibonacci retracement. Analysis is invalidated below $10.10 Safe trading
NASDAQ:HUT
by Maddox_Metrics
Bitcoin - Time to sell, huge drop will follow (must see!)Bitcoin is currently approaching a very strong resistance of this major bullish flag! We definitely want to sell resistances and buy supports, not the other way around, until we have confirmations. Bitcoin's price action is statistically very boring during summer seasons! Usually high volatility kicks in in September. I think we cannot really expect a new all-time high in the next few weeks. Instead, we should see a big range. In the short term, Bitcoin should go back at least to around 102,600 USDT to fill up the FVG. Also, markets always move in waves, and this move from 98,200 seems to be exhausted already. On the chart we can clearly see a blue trendline, and price went below this trendline at the end of May. This indicates that the uptrend is over and a consolidation/distribution phase is in progress. This phase is usually represented as a bull flag, triangle, rectangle, or wedge. When we look at the current price action, it looks like a bullish flag consolidation pattern. Bitcoin is currently in the sell around 109k There are 2 types of traders. The first one they love to trade ranges, and the second they love to trade breakouts and higher volatility environments. Currently I think Bitcoin is creating a range, so do not expect any crazy movements until this bullish flag is valid. Bullish flags are usually bullish patterns, but often they break down and act like bearish patterns. So what would happen if this bullish flag breaks down? That would send the price of Bitcoin to the 0.618 FIB, which is at 88,882 USDT. What if this bullish flag breaks out? That would send the price of Bitcoin to 116,000 to 125,000, but to establish this price, we first need to see the low of the bull flag, which is not confirmed yet. I will definitely inform you in one of my next analyses, so write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading tip at the end: "A trader needs to accept the losses to maintain their emotional stability. Losses are a crucial internal part of trading that helps traders to learn how to grow from their losses. Traders learn from losses and implement required changes in their strategies for better results in future trades." Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Short
by Xanrox
122
BTC - A New Oregon Trail or Fool's Gold?The ranch hand (chart) reckons Bitcoin hit a big wave‑3 peak, then swung into a corrective wave‑4 saddle. Now it's circling the watering hole, teetering around a key resistance near $110k—the cowboy‑critical line in the sand. If that line holds strong, expect another surge—an “inverse wave‑4, strong 5” push higher toward $115–120k. But if it buckles, a darker scenario’s afoot: a red‑inked, five‑wave drop galloping down toward $85k. Bottom line: keep your hat on—$110k is the frontier. Break above that, and the herd’s heading north; if not, saddle up for a ride downhill. BYBIT:BTCUSDT.P BITSTAMP:BTCUSD
by cowboycharts
Final $LINK in the corrective chain?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! LINK could be finishing a double zigzag correction. Recent reaction at the channel’s most likely target area shows promise. Watching for an internal retrace that holds above key support. Key Levels: 11.81: Ideal retrace floor 11.00: Break kills impulse idea 13.25: First upside flip needed 15.00: Big level to break for bulls Bulls have been tricked before with possible impulse starts. This one has the right look and confluence, but caution is warranted. Ideally, we get consolidation and push above 13.25 to build confidence in further upside. As long as price holds above 11.81 and builds higher lows, potential remains for an impulsive move up. Break below 11 and bias flips back to bearish continuation. Trade Safe! Trade Clarity!
COINBASE:LINKUSDLong
by CryptoKnee
1
BIST30 (XU030) - 1 DThe corrective move in the BIST30 index, which began in July 2024, has completed the first two legs of a three-wave structure and is currently unfolding the final downward leg. While the overall pattern appears to be a classic flat (regular) correction, the possibility of it evolving into a WXY complex correction—albeit less likely—still remains valid. I anticipate that this correction will conclude with one final leg to the downside. Both time-based and price-based target levels have been marked. In my assessment, the likelihood of the correction ending within the initially identified support zone is higher than the probability of a deeper retracement.
BIST:XU030
by ekgencsoy