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Elliott Wave

BTC Elliott Wave AnalysisIn this weekly BTC/USD analysis, I explore a potential Elliott Wave correction scenario with a focus on Wave C reaching critical support levels. The analysis combines Elliott Wave Theory with Ichimoku Cloud indicators and integrates the potential macroeconomic impact of the upcoming political shift in the U.S. as Donald Trump’s anticipated inauguration approaches on January 20, 2025. Wave Analysis Wave A The initial corrective leg has established a strong bearish foundation, with the price dropping from its peak. Wave A aligns with the broader market's need for a cooling-off period after prolonged bullish momentum. Wave B A bullish rebound is expected in early 2025, fueled by market optimism and speculation surrounding Trump's presidency. Likely targets for Wave B range between $100,000 and $112,000, aligning with Fibonacci retracement levels (38.2%–78.6%) of Wave A. This area coincides with historical resistance, making it a potential profit-taking zone for short-term traders. Wave C After the Wave B peak, a deeper corrective Wave C is anticipated, potentially extending to the monthly Kijun-sen ($61,855) or lower. Wave C often equals the length of Wave A or extends to 1.618x its size, reinforcing the $61k–$57k target zone. The Kijun-sen and Ichimoku Cloud support levels at GETTEX:64K –$57k provide a strong confluence for the completion of Wave C. Ichimoku Analysis The price remains above the weekly Ichimoku Cloud, signaling the overall bullish trend is intact. The monthly Kijun-sen acts as a strong magnet for price during corrections and is an ideal target for the Wave C completion. The Chikou Span (Lagging Span) currently supports a bullish outlook; however, a Wave C correction could pull the Span closer to the cloud. Macro Factors Political Catalysts : The inauguration of Donald Trump on January 20, 2025, is expected to inject volatility into risk assets, possibly driving Wave B upward due to speculative optimism. Global Economic Conditions : The broader crypto market’s performance will be influenced by macroeconomic trends, including monetary policy decisions and equity market behavior. Disclaimer This analysis represents a trading idea based on technical indicators and potential market catalysts. However, it is not financial advice. Always conduct your own research and take responsibility for your trading decisions.
BINANCE:BTCUSD
by joxxy13
1
AIXBT set for one more push before correctingThis new coin looks as though it could be on wave 4 of 5. The volume looks strong inferring that the big green bars of late were in fact wave 3, so starting with there it fits really nicely. I'd put a trade on if the trend line is broken to complete wave 4, which would mean the wave 5 has the room to complete. But, the inevitable ABC is absolutely unmistakable after wave 5 is in so watch out for that. I wont be placing any trades as the liquidity is so low. But, you make your own decision. Follow for more.
Long
by cryptechcapital
1
XYO, possible fractal for more upward sugresThis one looks like a possible fractal appearing. The 3 lines denote very clear trend lines, which have been broken twice in previous instances. There are also two boxes that I've highlighted to show two possible fractals. Given the shape of the fractal, it could be on the cards again to play out for a third time taken into account the increased size of the fractal this time. Although, it could also be wave 3 having played out for the start of another impulse, but volume needs to pick up to confirm that. Worth keeping an eye, I wont be adding it to my portfolio. Follow for more.
COINBASE:XYOUSD
by cryptechcapital
ALGD, cup and handle could see this coin soarI prefer to keep things simple when conducting analysis. I sift through a number of indicators until I find my favourite few that when used together often 'jive' creating a harmony and increased confidence in an up, or downward trajectory. This time, the most standout items is the Cup and Handle, a labelled in the diagram. Drawing a line that is equal to the height of the cup to the neckline and repositioning it to the neckline and up, we could see significant all time new highs here. The pattern is robust and holds up well. Other coins have seen similar patterns such as BTC, so it would make sense also here. Good luck, follow for more.
Long
by cryptechcapital
SIMEPROP another fund manager's favourite?Looking at the chart for Sime Darby Property Berhad, here's my analysis: Current Price Action: - Trading at RM1.37, down 2.14% - Currently forming what appears to be a triangle pattern - Strong uptrend from late 2023 into early 2024 Technical Analysis: 1. Elliott Wave Pattern: - Appears to be in Wave IV of a larger 5-wave structure - Wave III peaked around RM1.70 - Currently in a corrective triangle pattern typical of Wave IV 2. Key Price Levels: - Resistance at RM2.12 (0.786 Fibonacci level) - Support around RM1.23 (marked on chart) - Triangle pattern providing immediate support and resistance 3. Price Targets: - Chart shows a target of RM1.93 (0.618 Fibonacci level) for potential Wave V - Stop loss indicated at RM1.24 (11.24% below current price) - Risk/reward ratio shown as 1.63 Pattern Analysis: - Triangle pattern (labeled A-B-C-D-E) suggesting consolidation - Once triangle completes, expect a breakout for Wave V - Bullish bias as long as price stays above triangle support Trading Setup: - Entry zone: Current levels around RM1.37 - Target: RM1.93 (0.618 Fibonacci) - Stop loss: RM1.24 - Risk/Reward appears favorable at 1.63
MYX:SIMEPROPLong
by pengamalgelombang
Correction On Cryptos Can Last A bit Longer. Cryptocurrencies are still in consolidation, and one of the reasons for these pullbacks or slow price action across some coins is the lower volatility caused by the Christmas and New Year holidays. Another key factor contributing to Bitcoin's recent weakness is the sell-off in US stocks at the end of last week. The correlation between Bitcoin and the Nasdaq 100 remains intact, and I believe there’s potential for further weakness in Bitcoin, possibly down to the 90,000 area, especially if stocks continue to consolidate. What about ALTseasons everyone is desperately waiting on? In a risk-off environment, even altcoins are unlikely to produce significant gains. It’s extremely difficult, almost impossible to see an ALTseason when there’s both a risk-off sentiment and a declining Bitcoin. For an altseason to emerge, we need a risk-on environment while bitcoin is consolidating... Grega
CRYPTOCAP:TOTAL
by ew-forecast
TENAGA will meet resistance and create wave 2Looking at the technical chart for Tenaga Nasional Bhd (TNB), here's my analysis: Recent Price Action: - The stock is currently trading at around RM14.82, showing a slight decline of 0.54% - There's been an uptrend since December 2023, with the stock rising from around RM13.00 to current levels Key Technical Levels: 1. Support levels: - Strong support around RM13.50 which has been tested multiple times - Secondary support at RM13.06 (marked as level 1 on the chart) 2. Resistance levels: - Major resistance at RM15.06 (marked at the top of the chart) - Secondary resistance around RM14.58 (0.236 Fibonacci level) Pattern Analysis: - The chart shows what appears to be an Elliott Wave pattern with numbered waves (1-5) - Currently seems to be forming a potential wave 4 pullback before a possible move higher - The stock has been respecting an upward trending channel since December Volume Analysis: - Trading volume (shown at bottom) has been relatively consistent - Some spikes in volume during major price movements, particularly in June-July period Near-term Outlook: - The overall trend remains bullish as long as price stays above RM13.50 - If the Elliott Wave count is correct, there could be one more push higher (wave 5) - Key will be whether price can break above the RM15.06 resistance level Traders should consider: - Setting stops below RM13.50 for long positions - Watching the RM15.06 level for potential breakout opportunities - Being cautious of potential pullbacks as part of wave 4 completion
MYX:TENAGALong
by pengamalgelombang
EVO Elliot-Wave AnalysisDespite the very strong financials, the EVO chart is stuck in a correction since Apr '21. I think there still is a bit more downside potential. The price should eventually find support in the green box, and ideally start forming a bottom in this area. Potentially the price could drop even lower, but thats not my main scenario. Either way, it will probably take multipe monts, untill the price will start surging again. I see massive value at these prices! I will start buying aggressively, when the price is entering the green box.
OMXSTO:EVOLong
by PF_Analysis
BTC - The path to $74kBtc is well on its way to $74,000 pull back area. The path is tradeable as a short, but will have steep counter rallies. See below. Murrey Math, Elliot Wave, and Kumar Wave are being used for this analysis. After this wave is complete, I am not sure that a new high will follow immediately afterward. A more protracted 3 wave multi year bear is certainly possible taking us down to the $50 - $40k range, but I will review that more closely after the shape of this decline takes hold. I would recommend shorts for now and then buys near the $75k level.
KRAKEN:BTCUSDShort
by Urbanmove
Bitcoin Roadmap=>Short-term!!!As I expected, Bitcoin ( BINANCE:BTCUSDT ) once again attacked the 50_SMA(Daily) but failed to defeat it . Bitcoin is currently moving near Heavy Support zone($95,000-$90,870) , Support zone($96,620-$95,520) and Potential Reversal Zone(PRZ) . According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the main wave 4 . To confirm the end of the main wave 4 , we need to confirm the break of the 50_SMA(Daily) . It also seems that Bitcoin in microwaves should experience an upward movement in the coming hours. I expect Bitcoin to at least rise to the Targets I have specified in the chart. ⚠️Note: If Bitcoin goes below the 50_SMA(Daily), we can expect a break of the Heavy Support zone($95,000-$90,870).⚠️ ⚠️Note: In general, the analysis is short-term, and holding a long position for targets above the Resistance zone($100,000-$98,130) is a little risky.⚠️ 🙏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 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
23
EURUSD Elliott WaveHello friends In the EURUSD currency pair, we are witnessing the formation of a 5-wave bearish pattern, which indicates a decrease in the value of the euro and an increase in the value of the dollar (due to President Trump's policies in the future). This 5-wave bearish wave is completing wave 5 of 5. This means that the price decrease will continue for now. This decrease to the 1.0200 range is certain. But after the White House is handed over to Trump and the cabinet is determined, the price will increase and we expect the price to grow in a corrective wave and then we will see further price declines. Good luck and be profitable.
Short
by M_Gheysvandi
Elliott Wave Analysis: Wave 5 Target in Sight for Nifty 50Elliott Wave Structure and Current Market Context: The Nifty 50 daily chart shows a textbook Elliott Wave corrective pattern, currently in the final leg (Wave 5) of a downward move. Here's how the waves are structured: Wave 1: Initiated the bearish trend with a significant drop. Wave 2: A corrective bounce, retracing to the 0.618 Fibonacci level, which is typical in Elliott Wave corrections. Wave 3: The strongest and most impulsive leg of the move, extending below Wave 1, with high momentum and volume. Wave 4: A countertrend rally to the 0.382 Fibonacci retracement, indicating a weakening bullish momentum. Wave 5: The ongoing move, which is expected to extend downward and complete the cycle near key support levels. Technical Insights: Bearish Flag in Wave 5: The consolidation visible on the chart during Wave 5 resembles a bearish flag, a continuation pattern that usually precedes another downward move. A breakdown below the 23,750 level would confirm the flag's bearish potential, paving the way for further declines. Fibonacci Levels and Targets: Wave 5 often aligns with the 1.618 Fibonacci extension of Wave 3, placing the primary target around 23,300–23,250. This area also coincides with horizontal support from previous price action, adding confluence to the target zone. In case of stronger bearish momentum, an extended Wave 5 could push prices toward 23,000, which serves as a psychological support level. Wave Invalidation Levels: For the bearish scenario to remain valid, prices must stay below 24,500. A sustained move above this level would signal the start of a new bullish trend or a more complex corrective structure, invalidating Wave 5. Refined Trade Plan: Bearish Scenario (High Probability): Entry: Enter short positions on a confirmed breakdown below 23,750, with increased selling volume and momentum. Stop-Loss: Place stops above 24,000, ensuring protection against false breakdowns. Targets: Target 1: 23,300, the expected end of Wave 5. Target 2: 23,000, in case of extended bearish momentum. Bullish Reversal Scenario (Low Probability): If prices break above 24,500, Wave 5 could be invalid. In this case, enter long positions above 24,600, targeting 25,200, which aligns with the 0.618 Fibonacci retracement of the larger downtrend. Key Indicators to Watch: Volume: A sharp increase during the breakdown would validate the bearish continuation. RSI Divergence: Check for bullish divergence in RSI near 23,300 to identify reversal potential. Candlestick Patterns: Monitor for strong bearish candles during the breakdown or reversal signals near support zones. This analysis provides a clear structure for trading Nifty 50 in the coming week, focusing on Elliott Wave theory and Fibonacci retracements for precision. The bearish scenario is currently favored, but traders should remain flexible and adapt to price action around key levels.
NSE:NIFTYShort
by Rishabh1100