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Elliotwaveanalysis

WORLDCOIN will breakout soon?WLD 1-day timeframe analysis (re-count) WLD is now -88% from its all time high and is very concerning, its C wave indeed overlap with Wave 2 of the previous impulsive wave, this overlap does not violate any Elliott Wave rules, as long as the wave counts and degrees are correctly applied. 𝐓𝐫𝐮𝐧𝐜𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐓𝐫𝐢𝐚𝐧𝐠𝐥𝐞 𝐏𝐚𝐭𝐭𝐞𝐫𝐧𝐬: (We are now forming a triangle again in the final impulsive wave of the correction) In the case of a triangle (ABCDE): 𝐖𝐚𝐯𝐞 𝐄 can be shorter, and this is sometimes loosely referred to as "truncated," though it's not a formal term within Elliott Wave theory. 𝐖𝐚𝐯𝐞 𝐄 does not necessarily have to reach the trendline drawn from the ends of Waves A and C. It can fall short, creating what might be perceived as a "truncated" appearance. The invalidation level is indicated in the chart below. If it materializes, the potential reversal zone could range from $1.34 to $1.19. Please note, this is for educational purposes only and should not be considered financial advice.
by chase_ID
NVIDIA to $180Overview It's a good mindset to be skeptical about a bull market that doesn't seem like it should exist. The GDP (Gross Domestic Product) has declined for a second consecutive quarter to a 24 month low and the Civilian Unemployment Rate is the highest it's been since Nov 2021. This leads me to believe that the current rally is being mostly fueled by two factors surrounding artificial intelligence: hype and revenue. NASDAQ:NVDA is the leading A.I. developer and hasn't experienced a decrease in quarterly revenue since November 2022. When faced with the unknown -- which in this case would be the direction of the stock market -- people cling to what they know. I believe this will present itself in more clearly defined trading patterns and price-swing predictability. Technicals NVDA is setting up a pattern that resembles the 5 Elliott Impulse Waves with each wave taking between 3-4 months to develop. If accurate, the trough of the 4th wave could find the share price in the proximity of $100-115. I utilized Fibonacci levels against the low of the 2nd wave to the high of the 3rd wave. In addition to helping find a support level for the 4th wave, the uptrend Fibonacci tool also provided a projected price target near $180. I compared the 1.618 (161.8%) micro-Fibonacci retracement to the 1.618 macro-Fibonacci retracement, which consumes the entirety of the already existing patterns. I took the difference of $18.19 between the projected 1.618 Fib levels then created a low and high range where I believe the 5th wave will peak. I ended my projection at this point, however, it is worth noting that impulse waves are followed by correction waves which serve in the opposite trending direction.
NASDAQ:NVDALong
by Shepherd_Investor
6
BITCOIN POWER !!!!How to Check Bitcoin's Current Price Cryptocurrency Exchanges: Check prices on major exchanges like Binance, Coinbase, Kraken, or Bitfinex. Financial Websites: Use financial websites such as CoinMarketCap, CoinGecko, or Yahoo Finance. Mobile Apps: Utilize financial or cryptocurrency apps like Blockfolio, Delta, or CryptoCompare. Insights on Bitcoin’s Price Based on fundamental factors and current trends, here are some general insights: Technical Analysis Price Charts: Examine Bitcoin's price charts over various timeframes (daily, weekly, monthly) to identify trends and price patterns. Indicators such as Moving Averages (MA), Relative Strength Index (RSI), and support/resistance levels can provide insights into current trends. Price Patterns: Watch for technical patterns like “head and shoulders,” “double top/bottom,” and divergence signals, which may help predict future price movements. Economic Factors and News Market News: News related to regulations, acceptance by major institutions, and global events can significantly impact Bitcoin’s price. For instance, discussions about monetary policy or security breaches can cause notable price volatility. Market Sentiment: Investor sentiment also plays a crucial role. Optimism or concern within the investment community can lead to substantial price fluctuations. Long-Term Trends and Fundamental Analysis Mining and Supply: Bitcoin has a capped supply of 21 million BTC, and the new supply entering the market decreases over time (halving). This can influence long-term price trends. Acceptance and Use Cases: Increasing acceptance of Bitcoin as a legal payment method and technological advancements like the Bitcoin Lightning Network can boost demand and impact price. Global Economic Conditions Inflation and Monetary Policy: Bitcoin is often seen as “digital gold” and can act as a hedge against inflation. Monetary policies and global economic conditions can affect Bitcoin’s attractiveness as an investment asset. Conclusion To get an accurate assessment of Bitcoin’s price at any given moment, check real-time data sources and apply technical analysis tools. Consider all fundamental factors and market news to make informed investment decisions. Remember, the cryptocurrency market is highly volatile, and investing in Bitcoin should be done cautiously and strategically.
Long
by LogWuCappital
Nvidia still working on Minor B retracementWith earnings out and traders not getting the normal reward of new 52 week highs, we continue to subdivide lower in a primary circle wave 4 that will more than likely not bottom until next year, possibly longer. A primary wave 4 will consist of an intermediate ABC, and each intermediate label will consist of a minor ABC. We're still working on minor B...therefore, it's important that followers of my work be informed we've only just begun the primary wave 4 pattern. In the short term, we will be in this general area for a while as it appears now we're working on a flat for Intermediate (A).
NASDAQ:NVDA
by maikisch
BTC : Spot the DIFFERENCE - Why THIS TIME is DIFFERENTYesterday, I made a very comprehensive update on why BTC likely has a hard drop coming - the only problem is it published the video on the BTC.D chart 🥴 So, you've likely missed it and I will repeat it here today because it's a VERY clear signal. Altcoin dump happened BETWEEN the first turquoise and the purple vertical line, from halfway onwards: Up until this point BTC did correct, but only around -27%. (BTC has currently corrected -33%) The price THEN went on to drop another -20% before bottoming out at point 4 on the Elliot Wave Theory: RECAP: What happened AFTER the 27% drop that led to another hard drop, ending at -50%? The BTC.D started INCREASING whilst BTC price DECREASED and TOTAL3 DECREASED . Now look at the chart again, again at point 3 of Elliot Wave Theory (the second turquoise vertical line). In other words - we're still waiting to reach point 4. The in-depth explanation here: ______________________________________ CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL3 COINBASE:BTCUSD COINBASE:BTCUSDT
Short
by CryptoCheck-
BTC's situation+next targets and expected movements.BINANCE:BTCUSDT The situation you see seems that Bitcoin has completed its fourth downward wave and now it is time to break the ascending triangle and complete its 5th wave. Currently, Bitcoin is fluctuating around 60k and has not been able to break through the 67K level. This suggests that it may continue to fluctuate within this range and requires closer examination. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSD
by CobraVanguard
2
FCPO. HIGHER TO COMPLETE WAVE 3 CYCLEPrice reached 2.618 fibonacci relationship compare to wave 1. Evaluation based on market structure, we see an extension wave 5 within wave (3) rally. If wave (3) has ended at fibonacci 2.618 area, we expect to see a 3 wave decline for wave (4) correction. Elliott Wave Theory: GUIDELINE OF ALTERNATION WITHIN AN IMPLUSE " If wave two of an impulse is a sharp correction, expect wave four to be a sideways correction, and vice versa. " Looking at our price chart, Wave (2) already unfold into a flat pattern and flat pattern is a side way correction. We can expect to see a sharp correction pattern for Wave (4) BEHAVIOR FOLLOWING FIFTH WAVE EXTENSIONS " ..when the fifth wave of an advance is an extension, the ensuing correction will be sharp and find support at the level of the low of wave two of the extension. Sometimes the correction ends there and sometimes only wave A ends there... Additional value is provided by the fact that fifth wave extensions are typically followed by swift retracements. " Projection area and pattern for wave (4) retracement using Elliott Wave Theory for alternation and fifth wave extension theory, expecting to see a sharp correction in wave (4) toward 3900-3880 area. Bottom line: Short term view, looking for significant retracement for a sign that wave (3) rally has ended. Long term view, we are still aiming higher to complete wave 3 cycle on a larger degree. Trading above yesterday high will required reassesment on the structure.
MYX:FCPOX2024
by pengiran-
ARB/USDT 15m / D BB & FVG / ELLIOT / LIQUIDATIONS / FIBOAccording to higher timeframes, the market sentiment is bullish. We are moving within an ascending channel with the potential to rise to 0.7416. To increase the probability of this outcome, the price needs to establish itself above the ascending channel. Locally, within the range of the daily breaker block (D BB) and the daily imbalance (D FVG), three potential entry points are visible: 1. Liquidity grab (Sellside liquidity) 2. 0.5 Fibo 3. 0.618 Fibo / bottom of the ascending channel 4. The target is the local high, which is at the midline of the channel. Locally, based on the EFIATR oscillator, volume, and liquidation levels, there is a likelihood of growth. According to Elliott Wave theory, a 5-wave pattern and an ABC correction in the 4th wave are visible, which further increases the probability of upward movement.
Long
by WoWAcEDuDe
3
Bitcoin Roadmap!!!Bitcoin failed to break the Resistance zone ($58,500-$57,000) for the fifth time . It seems that important news is needed to break the resistance zone. According to the Elliott wave theory , Bitcoin seems to have succeeded in completing the main wave C with the Ending Diagonal Pattern . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . Looking at the USDT.D% chart , we find that USDT.D% is in a symmetrical triangle . The main wave 4 can be completed in this triangle. I expect USDT.D% to pump after breaking the upper line of the symmetrical triangle, which will cause a correction in the Cryptocurrency market .👇 Another important chart that can help us analyze Bitcoin is the BTC.D% chart . BTC.D% is moving near the Heavy Resistance zone(60%-57.2%) and the Resistance line , and according to the theory of Elliott waves , it seems that it has completed the main wave 5 in the two-day time frame with the help of Ending Diagonal . So, we should expect a correction of BTC.D% , which means that if the cryptocurrency marketcap decreases, Bitcoin can fall more .👇 I expect Bitcoin to at least fill the CME Gap($55,880-$56,775) after breaking the lower line of the Ending Diagonal . Note: If Bitcoin goes over $63,000, we should wait for Bitcoin to pump to $65,000 (at least). Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; 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
72
Coinbase (COIN): Anticipating the Next Big MoveNearly five months ago, we shared our last analysis on Coinbase, predicting a 30-40% drop. And guess what? We saw a 40% decline. At that time, many were bullish on COIN and the broader crypto market, but we opted to wait and watch. In hindsight, this cautious approach was clearly the right move, especially given the higher time frame of our analysis. Since then, we've climbed out of that zone, and everything seems to be progressing well. We're now looking for a 5-wave structure to the upside to complete Wave 5 and, consequently, the first cycle. Our target range for COIN lies somewhere between $286 and $412, but we believe the most likely range is between $290 and $325. Currently, we have some swing positions open in cryptos, and we're not looking to enter Coinbase at this moment. However, either in the near or distant future, we plan to make a move. Specifically, our target for the big Wave (2) is the imbalance between $160 and $115, but it’s still a long journey before we reach those levels.
NASDAQ:COINLong
by freeguy_by_wmc
$GBPCAD | Watchlist | Sell Limit | Technical Confluences: - Stochastics has entered into Overbought conditions in the Daily and H1 Timeframes - Price looks like it will target the top of the smaller parallel channel; it coincides with the 50% Fibo Extension levels - If the 50% Fibo levels break, we may visit the 61% Fibo Extension level; the next range of Interest Zone and the top of the larger Parallel channel - Gauging the Elliot wave count, GBPCAD is trying to complete Wave 3 move (we will then enter this trade to capture the Wave 4) ----- Will be looking to set some Sell Limit orders in the Sell Limit Zone area and Target the 50 - 61% Fibo Retracement levels -----
Short
by weekendanalyst