Elliott Wave
22500 & 22380 Are Good Levels For NIFTY Reversal50% and 61.8% of Y should be good levels for Z (of larger W) to complete and NSE:NIFTY to reverse towards 24K in larger X. Watch out of these levels.
BNX: After a +900% Rally, What's Next?BNX had an incredible run, skyrocketing +900% in just 19 days, completing a 5-wave Elliott Wave structure and peaking at $1.3333. Since then, the price has been in a downtrend, now approaching the critical $1.00 psychological support level.
Key Support Levels
The weekly open sits at $0.9387, aligning perfectly with the Point of Control (POC) from the previous trading range, making this a crucial level to watch. However, the bigger question remains—where is the next high-probability trade setup?
Liquidity Below $0.8278 – There's a significant liquidity pool just below this low, making it an attractive area for potential stop hunts before a reversal.
0.5 Fibonacci Retracement ($0.7333) – Measuring the full +900% move, the 50% retracement aligns near a key support zone.
Weekly Bullish Order Block ($0.7076) – A historical area of demand, adding further confluence.
1.272 Fibonacci Extension ($0.7250) – Another confirmation of a potential bounce area.
Anchored VWAP from $0.1334 – Currently sitting at $0.6675, this dynamic support strengthens the buy zone.
0.618 Fibonacci Speed Fan – If the price drops towards this level by late February, it could provide additional confluence for a bounce.
Potential Trade Setups
Bullish Setup: If price sweeps $0.8278 liquidity and enters the $0.7333 - $0.7076 demand zone, a long opportunity with confirmation could offer a great risk-to-reward trade.
Bitcoin Breaks Uptrend line– Is a Crash Coming?As I expected in the previous post , Bitcoin ( CRYPTO:BTCUSD ) started to rise and reached the upper areas of the Resistance zone($100,520-$97,260) .
Bitcoin is moving in the Resistance zone($100,520-$97,260) and has managed to break the Uptrend line .
According to Elliott's wave theory , Bitcoin seems to have finally completed the main wave C .
I expect Bitcoin to attack the Heavy Support zone($93,300-$90,500) and Support lines once again, this is likely to be a heavy drop .
Note: If Bitcoin breaks the Resistance zone($100,520-$97,260), we expect more Pumps.
Do you think Bitcoin can break the Heavy Support zone($93,300-$90,500) or not?
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.
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BTC END OF CORRECTIONAfter being stuck in this sideways correction for almost 70 days, #BTC is finally coming to the end of this consolidation in the next 24-72 hours. It's not common that we get a double three correction (WXY) starting with a sharp zigzag wave W and ending with a huge expanded triangle for wave Y, so this correction is one for the history books. I really hope you have your longs stacked up during this final drop as we're going to take off any moment to new all-time highs, probably to $130K or more.
Bitcoin will +27%, ETH +139%, LTC +251%, SOL +100% (Best coins)In this analysis, we will look at 4 major coins that are good to hold for the upcoming weeks! Because alt season is starting, we want to focus on strong altcoins. Starting with Bitcoin.
Bitcoin (BTC) - expect + 27%
Bitcoin is in a strong uptrend (ascending channel), and as long as Bitcoin is in this channel, we are very bullish. We can expect Bitcoin to hit 125k in the near future. I know this is not a lot; that's why we want to focus on altcoins! Definitely avoid coins such as XRP or TRUMP because these coins are already pumped!
Ethereum (ETH) - expect +139%
Ethereum still didn't hit an all-time high in this bull cycle, which gives us a great opportunity to buy it cheap. Ethereum is definitely undervalued compared to other coins, so this is a clever buy. Technically, the price is in an uptrend and near the ascending channel support. This gives us an excellent buying opportunity for 2025.
Litecoin (LTC) - expect +251%
Litecoin was in a range for 3 years! That was a really long time, but currently the price is breaking out of the range and forming a bull flag. This is a very strong combo, so we definitely want to buy on the buying side. Sorry for traders or hodlers that were waiting 3 years without any profits. We are traders; we want to buy at the best moment and take profit after the pump!
Solana (SOL) - expect +101%
Solana is another extremely bullish altcoin, and as with the previous ones, we are also in an uptrend (ascending channel). Because the price is near the support trendline, this is a great opportunity to buy it with a tight stop loss. If you are satisfied with 100% profit and pretty low risk, you can go for it. If you want more profits, go with Litecoin or use leverage on futures SOLANA.
Want to know the analysis of your altcoin? How much % ? Easy, hit the like button and write a comment with your altcoin, and I will make an analysis for you in response!
"Silver is on the brink of entering a bearish wave!"On the daily timeframe, silver, after completing five upward waves, is likely to enter an ABC corrective phase. Only if the resistance levels of 32.500 and 33.700 are maintained, we can expect silver to move towards wave C, with a target around 28.000.
ETHUSDT ( Elliott Wave Count )Ethereum (ETHUSDT) Potential Flat Correction in Wave 4
Ethereum (ETHUSDT) has been following a structured Elliott Wave (EW) pattern, and based on the latest weekly chart analysis, the cryptocurrency could be entering a corrective phase before resuming its long-term uptrend. This article will break down the key elements of the chart and the implications for ETH’s price movement in the coming months.
Key Price Levels & Technical Outlook
Current Price (Around $2,815)
ETH is hovering near $2,815, and based on the projected flat correction pattern, a further decline toward lower levels is expected before a potential bottom.
Potential Support Zones
The chart suggests ETH could find support in the range of $1,350 - $1,650, aligning with a typical corrective structure.
A major demand zone (highlighted in red) around $750 - $900 could act as a strong area of interest if the correction deepens.
Wave 5 Target
After completing the correction, ETH is expected to start Wave 5, potentially targeting a new all-time high above $11,356, as indicated on the chart.
Trading Implications
Short-Term Bearish: Traders should anticipate more downside as ETH completes its Wave C.
Long-Term Bullish: If the pattern plays out, ETH could see a strong rally once Wave 4 concludes.
Key Level to Watch: A breakdown below $2,000 could accelerate the drop, while a break above $3,750 might invalidate the correction scenario.
Conclusion
Ethereum appears to be in the middle of a Wave 4 flat correction, which could lead to further price declines before resuming its bullish trend. Traders and investors should watch key support levels and confirmation signals before positioning for the next major move.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making trading decisions.
Robinhood Played Itself. HOODA rally run up is ending in strongly bearish price action. It is a recurring theme of the day - ending Elliott impulse followed by negative or bearish signal throw off from indicators.
Shopify Selling. SHOPYes, similar pattern we've seen in a number of tickers today. Very early days, so a tight stop is necessary. Fifth wave gaps can and do happen.
FLOKI Wave C
Following up on my previous analysis, the black ABC correction is clearer now.
We're currently in wave C, which coudl target 0.00003685, the 100% extension of waves A-B (purple line).
The hurdles to an upside reversal are:
Green descending trendline.
Blue resistance
Gray resistance
At this moment, I see no reason to be bullish.
Triangle Breakout for NextEra Energy. NEEPivots are always hard to pick. I can see at least two triangles here, which have both been broken out of. It may be an early impulse to a down going Elliott diagonal.
Volatility, momentum has been less and less bearish, while Bollinger Band derivative indicator is all over the place.
Yet, MIDAS is crossed and vWAP/US combo are aligned, below the candle and upgoing.
Early Sign on General Electric Pivot. GEAnother profitable take last time, despite entertaining a wrong Elliott count. the last idea is linked in to this one
A constellation of factors again on a pivot.
1. Impulse wave completion.
2. MIDAS, BB%PCT cross.
3. vWAP/US combo aligned and bearish.
4. Suspect RSX divergence, now out of OBOS territory.
5. VZO and Stochastic indicator crossed to bearish a while ago.
There are many more interesting things on the chart as far as indicator alignment goes, but its not a listing competition here. Five is generally enough for me to consider putting a position down bullish or bearish.
Morgan Stanley Correction. MSOur last take on MS was dead on and quite profitable. The idea will be linked to this one. ABC zigzag, now impulsing down in C wave. Indicator below are bearish but quite choppy, making meaningful interpretation difficult. Price action, MIDAS cross and behavior of vWAP/US duo are key factors in this decision making.
Netflix Flips. NFLXA correction is well overdue on this one. There is a convincing constellation of indications on this price action, so where to begin?
A five wave impulse appears to be complete, and price action reverses tonality of the previous impulsive bullish candles. Divergences on RSX, BB%PCT. MIDAS line is crosses, while vWAP and US lines are aligned and are above the candle. VZO crossed bearishly and trigger line crossed the ribbon. BB%PCT is now bearish crossing the zero line and Ehler's Stochastic RSI is bearish as well and has been for a while.
Mastercard Curving Back Down. MAAnalyzing price action here for a suspect pivot on Mastercard. A 5 wave impulse is done, a part of a much larger structure, now crossing MIDAS curve after a tight trading range.
Tight trading ranges inevitably lead to squeezes, and this might be a breakout to the downside in the last two candles. Ehlers is especially telling here, as it clearly indicates a divergence all the way through the tight trading range, which is a bearish sign on its own.
Fourier smoothed VZO plus offset trigger is generally bearish but less revealing otherwise. Bollinger Band %PCT just flipped and is expected to go lower with the most recent bearish price action
Meta Platforms Finishing Local Trend. METAElliott Wave impulse is possibly finished, yet relying on Elliott counts alone comes with unfathomable risk, I looked for a constellation of additional pieces to qualify a short position on the 12H chart.
That is fairly strong bearish price action with lower lows, and indicators are generally bearish or downgoing in the least. More relevantly, RSX left OBOS territory, MIDAS curve has been crossed, and VZO/Ehler's StochRSI have crossed almost in tandem.
Ultimate goal is bottom of A, which an elliotician will recognize to be frequently 0.382 retracement, which interestingly forms a Fib cluster with the supposed fifth wave at 0.786 minor retracement.
Optimism: The Optimistic ViewNASDAQ:OP
The all-time chart of #OP suggests a completed major diagonal first wave, followed by a double combo correction.
The recent bottom is either the final low or a last drop is needed to end the correction since March 2024.
Passing $2.78 confirms the correction’s end and signals a new all-time high.
Breaking the all-time low at $0.39 invalidates this idea.
#Optimism
XAU/USD Weekly Outlook – Bearish Wave Confirmation?Gold (XAU/USD) is showing a potential Elliott Wave structure on the 2H timeframe, with a completed 5-wave impulsive move followed by an ABC correction.
🔴 Key Resistance: 2947
🔵 Key Support: 2923
📊 Possible Scenarios:
1️⃣ A rejection from resistance (2947) could confirm a wave C down to the 2907 - 2893 zone.
2️⃣ A clean break below 2923 could trigger further downside momentum.
3️⃣ If bulls reclaim 2947, we could see another upside attempt.
⚠️ Bearish Bias: Watching for confirmation before entering shorts! 📉
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Falling of gold this week based on Elliott waves!Gold is in an important range and according to the Elliott Guard waves, it has taken a downward trend. The main resistance number is $2947 and as long as only this number is maintained as resistance, the trend can move downward towards the $2900 range.
$SPY February 24, 2025AMEX:SPY February 24, 2025
15 Minutes.
The move from 610.70 to 599.47 is extended.
Hence a retracement is possible.
I expect a retracement to 602-603 levels.
On weekly have a bad close.
High was made and close was near low.
On daily $\spy near 50-day average.
I expect a bounce to 603 -604 levels this week for a target 594 being 100 moving averages.
Not a week to go long.
As expected, 613-614 provided resistance and AMEX:SPY pulled back as extension targe was achieved.
UEMS Elliott Wave: Wave (iii) Setup in ProgressUEMS Elliott Wave Update: Price completed a 5-wave move, peaking at 1.19 MYR, followed by an ABC correction to 0.81 MYR (key support). Holding above 0.81 MYR may trigger wave (iii) towards 1.50 MYR. A break below invalidates the count. #ElliottWave
