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Elliotwaveanalysis

BTC - TWO Theories - ELLIOT Wave vs FRACTALElliot Wave Theory is an absolute favorite of mine, combined with Wyckoff Method and chart analysis (trendlines and technical indicators). If you've been following; you'll know I've been speaking of a multi-month cycle, specifically a multi month corrective wave before the final impulse wave up (4-5). Considering we're still in that corrective phase, let's take a look at TWO options from here: Option 1 , is we retrace around -50%, same as last time. However, this would pose an issue - if we drop lower than (1), it invalidates the Elliot Wave Theory, and also invalidates the bullish cycle. The second problem, is that the previous cycle's increase (2-3) was MUCH bigger than the current 2-3 we are observing. This brings us to option 2. Option 2 , is that we retrace around the same ratio as the previous cycle. To calculate the ration, we need to see what % we retraced and compare it to the % increase. We increased 1533.92% (2-3)and retraced 55.25% (3-4). That means it's a 3.6% correction compared to the increase. For the current cycle, we increased 357.27% (2-3) and retraced 33.76% (3-4). This gives us a 9,45% correction - three times as much as the previous cycle. You can take this two ways - either we're following a 50% correction, OR we're not falling lower than the current point 4 which is around $49K. Share your thoughts! ____________________________________ BINANCE:BTCUSDT
Short
by CryptoCheck-
DUOL: Price structure (upd) The corrective structure for wave (2) looks to be complete. Next important mid-term resistance area: 248-345 (0.382-0.618% extension of wave (1)-(2)). In this resistance zone price may form a potential handle in long CaH patter before breaking out into long term uptrend towards next macro resistance zone: 589-820 and beyond (if following support structure holds) Proposed structure is valid if price holds above august's lows (144) Previous idea from Dec 2018 with updates: Thank you for your attention!
NASDAQ:DUOLLong
by artemfedorov
POLYGON - TOO EARLY FOR BUYS Polygon is approaching 2022 lows. Is it good time to buy now? Based on Elliot wave theories and current price action on weekly timeframe, we are now in major wave 4 that is not completed yet. Expecting major wave 4 to be completed around the -0.27 ( 0.17 ) and -0.618 ( 0.08 ) Fibonacci levels ( Our buy zone ). For the upcoming days, we'll be looking for short opportunities until we reach our buy zone. If interested to see more setups and analysis, make sure to support our ideas by hitting the like button. :)
CRYPTO:MATICUSD
by Tradenessfx
2
DXY - HIGHER TIMEFRAME ANALYSIS Here is the expected DXY path for the incoming weeks. We are working with a complex ABC pattern. We are currently in major wave B ( ZIGZAG Pattern ). Zigzag pattern ( 5-3-5 ) is made up of 3 waves: Wave A = 5 waves Wave B = 3 waves Wave C = 5 waves Working with Wave C, we still have subwave 5 in order for major wave B to be completed. What we are looking for now is the completion of subwave 4 around 0.236 and 0.382 Fibonacci levels. Watching the rejection of the 50 EMA to ride the final leg of wave C. Will see price will react at the fib levels and update later.
TVC:DXY
by Tradenessfx
EURUSD Higher Timeframe Analysis Looking at the higher timeframe analysis, we can see that EURUSD is moving impulsively in the last period of time. Impulsive move is made up of 5 waves - Wave 1 = Wave 3 = wave 5 = 5 waves - Wave 2 = wave 4 = 3 waves We are now in subwave C of wave 4. Expecting a move down to our buy zone where we'll be looking for buys targeting 1.13 level. If interested in trading subwave c, watch for a pullback and ride the move down after the breakout. Good Luck and trade safe!
by Tradenessfx
BITCOIN - BULL'S LAST CHANCE Bitcoin has been moving sideways for half a year creating a complex correction WXY( 3-3-3). Complex correction is made up of 3 waves were each wave is also made up of 3 waves ( in the form of ABC's ). Wave W = Wave X = Wave Y = 3 waves We are now in the last leg of wave Y. Expecting price to break the lows again and move upwards from our buy zone. Looking for a strong bullish pressure at our buy zone. Will update the idea once we are there. But for now you can focus on selling targeting 49k level. WXY Pattern Goodluck and trade safe!
INDEX:BTCUSD
by Tradenessfx
1
BTC IS GOING TO ALL TIME HIGH LADIES AND GENTLEMEN ! BTC ended up in a complex WXY correction. Initially what may have seemed like a FLAT ended up being WXY. No matter how much the MM plays with the market and no matter what news hits the screen, algos always run their course guys. We are in the early formation of wave 3, which will make history. True we may retrace a bit more to tap the lower levels but this will sling shot BTC to the ATH ! Remember the deeper the retracement of wave 2, the higher will be wave 3, a slingshot - - get it ;). Mega hidden bullish divergence on the weekly also playing out well. Invalidation of this idea is at the low of Wave Y. WorD of advice guys, avoid over leverage and practice risk management fells. DCA is the name of the game. When Bitcoin hits ATH, all ALTS will pop like fireworks hence DCA and Spot Buy is the name of the game, especially for all the young bucks and inspiring traders out there. Disclaimer: Not financial advice.
Long
by Pakcryptonomics
Bitcoin - Technical AnalysisDear Analysts and Traders, Looking at the Bitcoin price chart, I notice a variety of structures described by Technical Analysis. My attention is particularly drawn to elements related to the Elliott and Wyckoff methodologies. The market appears chaotic yet orderly at the same time. I must mention that I am not someone with formal education in this field. I am self-taught, placing a strong emphasis on using Technical Analysis as the main component of my decision-making process. This stems from my belief that although the chart is difficult to read, it largely allows for the interpretation of the hidden intentions of "smart money." I want to stress that the following words reflect only my personal point of view, which may not be correct, and that this publication is by no means investment or educational advice as understood by any law regulating such matters. I simply intend to ramble about topics I don’t fully understand. Background Bitcoin's price is in a long-term upward trend. Over the past year, there has been a strong upward trend within a broad sideways structure. Today, the price is near the upper boundary of this multi-year structure, and at the same time, at the lower limit of a smaller structure. Technical Analysis In my considerations, I will use elements of the Elliott, Wyckoff, and VSA methodologies. I begin by applying the key elements of these methodologies to the price chart from recent months. Starting with Elliott's five-wave approach, I outline the trend that has brought the price to these levels, marking it as (12345). Next, I highlight the three-wave corrective patterns with a white (ABC), creating a complex correction structure. I add events consistent with the Wyckoff method to the chart. Due to the complex nature of the studied structure, I decide to mark processes of varying scales. I do this with verbal descriptions in red and green, supplemented by horizontal lines indicating support and resistance. The structure described in red is the dominant one. I analyze the volume dynamics, marking them with dashed lines and a red loop. Additionally, I pay attention to candlesticks, especially in the context of VSA and their specific meaning in key areas, such as extremes or events related to the methodologies used. Interpretation and Thoughts Without a doubt, Bitcoin’s price structure is both intriguing and complex. Looking at the most basic elements of the chart, I see strength, and at the peaks, I don't notice setups like Trap UpMove or Upthrust with volumes significantly deviating from the average. Instead, there are numerous Shakeout events, often followed by local volume peaks in its declining trend. This is different from the setup at the point I marked as Phase C. According to Wyckoff’s method, this is where the largest volume since the halt of the uptrend has appeared. The Green Upthrust is particularly interesting. As part of a smaller structure, which I believe to be accumulative, it indicates No Demand. Of course, this is a sign of weakness, but what matters to me is the background, where significant potential distribution is evident, with signs of weakness seen through multiple breaches of the lower part of the trading range. I could treat this situation as Phase C, but of a distribution phase. However, I believe there is no overwhelming supply here, and in the actions of the Composite Man, I would expect an attempt to lead the crowd to the highest possible regions, trap them, and guide them to the inevitable. Here, the rhetoric is different—the market appears weak, but the area around Preliminary Supply has been strongly defended by the bulls. From an Elliott perspective, I see a complex correction, and I believe it is a triple three, consisting of a flat correction, a three, and a zigzag. The end of this series of corrections, in my opinion, begins Phase C of the highest-order accumulation in this area of the chart. Supporting the thesis of an accumulation process is the volume, which follows a characteristic pattern: huge volumes at the halt, followed by a steady decline in Phase B, particularly during the descent from the peak of the Red Upthrust. The test of Phase C is abrupt, and the price once again forms a smaller structure. Here, I expect a test to appear, especially on a higher timeframe, confirming No Supply. For now, despite the chart’s grim appearance, I see more of a transfer of assets from the crowd rather than an attempt to push the price significantly lower. The Bitcoin price chart presents a beautiful structure from a Technical Analysis perspective. I believe there is much more to be uncovered. I think my reflections on these price movements provide a basis to claim that an accumulation process is underway. Soon, confirmation of the lack of selling pressure will likely emerge—if I am interpreting the market correctly. The smaller Green Structure is a kind of retest that could evolve into a Turning Point. Soon, the market will reveal whether my assumptions are correct and make clearer that which allows for easy analysis... after the fact! Thank you all for taking the time to read my thoughts. I wish you successful analyses and winning positions! CatTheTrader
Long
by CatTheTrader
BTC is about to start an upward movement towards $100,000According to the chart, it seems that Bitcoin has completed a flat correction pattern. Two high-probability support areas consisting of overlapping different Fibonacci percentages are marked with green areas on the chart. This flat pattern will likely end in one of these areas. Given that the price has entered the first support zone, any price increase above the end of wave iv confirms the start of the third bullish wave of Bitcoin. I expect the start of a powerful uptrend in the coming days and even hours.
Long
by Mr_elliottt
TSLA cybertruckin' it to $243-$258 price range - 4-5 Elliot WaveNASDAQ:TSLA drawing a 4th to 5th Elliot Wave potentially all the way to the $243-$258 price range Moving averages consolidating around that area too. I track the 20, 50, 100, and 200, but mostly the 50 and 200 for confirmation, and trendlines, but mostly the Elliot Wave when I see it straight out of Ralph Nelson Elliots playbook.. Invest smart, invest hard. Boost my post if you like this idea 💡 Also follow and subscribe for more uproars. Let's spread the word together. Roaring Puppy 🐶 out. NASDAQ:TSLA
NASDAQ:TSLALong
by St0ckWr4ngl3r
Elliott Wave Analysis of Infosys MonthlyElliott Wave Analysis Overview: 1. Primary Degree Wave 1 (Completed in March 2000): Price Level: 218 The first primary degree wave, which marked the beginning of a larger uptrend, concluded at the price level of 218. 2. Primary Degree Wave 2 (Completed in September 2001): Price Level: 33 The corrective wave 2 retraced the gains of wave 1, with the price dropping to 33 before setting the stage for the next uptrend. 3. Intermediate Degree Wave 1 (Completed in January 2002): Price Level: 76 This wave, part of the larger primary degree uptrend, reached a high of 76. 4. Intermediate Degree Wave 2 (Completed in April 2003): Price Level: 36 The second intermediate degree wave provided a correction, retracing the advance of wave 1 and concluding at a price of 36. 5. Intermediate Degree Wave 3 (Completed in December 2021): Price Level: 1953 Wave 3, characterized by its strong momentum, concluded at 1953, marking a significant uptrend in the stock's price. 6. Intermediate Degree Wave 4 (Completed in April 2023): Price Level: 1185 The corrective wave 4 retraced some of the gains from wave 3, with the price level dropping to 1185. 7. Current Wave Analysis: Wave 5 of Intermediate Degree: The ongoing wave 5 of the intermediate degree is in progress. Target Price for Wave 5: 2380 This wave is expected to complete the intermediate degree cycle and also mark the conclusion of wave 3 at the primary degree. Summary: Infosys has undergone a series of significant Elliott Wave patterns since the completion of its primary degree wave 1 in March 2000. The analysis suggests that the ongoing intermediate degree wave 5 could potentially reach a target price of 2380. This target also aligns with the conclusion of the primary degree wave 3. Investors should monitor the price action closely to confirm the completion of wave 5 and assess the potential implications for future waves. Note: As with any technical analysis, this interpretation is subject to change based on new market data and evolving conditions. Disclaimer: This analysis is based on historical price data and Elliott Wave principles. Market conditions and price movements can be highly unpredictable. The information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a professional financial advisor before making investment decisions.
NSE:INFY
by imkhushal
BITCOIN: Elliott Wave & ChannelGreetings, everyone.😉 I would like to present a scenario for your consideration, grounded in "Elliott Wave Theory" . ✔️ Wave initiated from the 15K level: Classified as a "Double Zigzag" ✔️ Current wave in development: Y-c-3 ✔️ Projected upward range: 93K ~ 101K The rationale behind this analysis is as follows: Zigzag patterns typically move within a parallel channel. The first zigzag wave, which started from the 15K level, adhered precisely to this parallel channel. As a result, the likelihood of a complex correction occurring is considerably high. Based on these observations, I have constructed this particular scenario. It is an illustrative representation of potential market behavior, grounded in established technical principles. Wishing you all the best of luck. This is not a buy or sell recommendation. It is a personal perspective and should be used for reference only. All decisions and responsibilities lie with you.
Long
by Killer_Whales
USOIL : Weekly Technical AnalysisHi Traders! Crude oil prices declined on Tuesday due to demand concerns driven by weak economic growth in China, the world's biggest crude importer. Brent crude fell 1% to US$76.77 per barrel and West Texas Intermediate crude lost 0.1% to US$73.50/b at last look early Tuesday. Demand concerns offset impacts of the production and export halt at Libya due to a political dispute, Reuters said in a Tuesday report. China's purchasing managers' index hit a six-month low in August and new home prices grew in the month at their weakest pace this year. Meanwhile, Libya's National Oil Corp declared force majeure at its El Feel oil field from Sept. 2. Total production in the country had dropped to just over 591,000 barrels per day (b/d) as of Aug. 28 from nearly 959,000 b/d on Aug. 26, Reuters reported, citing NOC. However, the Organization of the Petroleum Exporting Countries is reportedly set to proceed with its planned output boost in October regardless of demand concerns, Reuters reported, citing unnamed industry sources. From a technical point of view, the break of the support (left wing) should confirm our bearish harmonic structure and subsequently push the price around $55. If OPEC confirms an increase in production, this element could support our idea. What do you think?
FX:USOILShort
by TheAnonymousBanker
7
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