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Elliotwaveanalysis

SPY | The End of a 16-Year Bull Cycle? Major Correction Ahead?🔎 Overview: The S&P 500 ETF (SPY) has been in a massive bull run since the 2009 bottom, forming a clear 5-wave structure based on Elliott Wave Theory. Now, the market is showing multiple top signals, suggesting that a major correction may be imminent. 📉 Key Warning Signs: 1️⃣ 5-Wave Completion: The 5th wave is approaching a key Fibonacci extension level (0.618 of Waves 1-3), a common reversal zone for extended moves. The previous wave count has been respected perfectly, reinforcing this structure. 2️⃣ Fibonacci Circles Alignment: Price is reaching the outermost Fibonacci arc, a historically significant zone where reversals have occurred. The market has reacted strongly in previous arcs, indicating this could be another turning point. 3️⃣ RSI Bearish Divergence: The Relative Strength Index (RSI) is making lower highs while price is making higher highs—a classic bearish divergence signal. Previous similar divergences led to major corrections, including 2000, 2008, and 2021 dips. 4️⃣ Overextended Market Conditions: Volume is declining despite new highs, signaling weak buying pressure. Sentiment is euphoric, typically a late-stage bull market characteristic. 📊 Possible Scenarios: 🟢 Bullish Case: If SPY breaks and sustains above the 0.786 Fibonacci level (~672), we could see an extension. 🔴 Bearish Case: A break below 600 and a weekly close under 575 would confirm the start of a major correction back to the 350-400 zone (previous wave 4 region). 🚨 Final Thoughts: The technical evidence suggests that SPY is in a late-stage bull cycle, and the risk of a major pullback is high. While timing exact tops is difficult, long-term investors should be cautious, and traders may want to start looking at hedging strategies or taking partial profits. 📢 What’s your take? Are we near a major top, or is there more upside left? Drop your thoughts in the comments! 👇 #SPY #SP500 #StockMarket #ElliottWave #Fibonacci #RSI #BearishDivergence #Trading #Investing 🚀📉
AMEX:SPY
by EduNuri
1
Mr.Million | Two Possible Scenarios for TSLAScenario #1: TSLA completed Wave (5) (in white) rather quickly, followed by a price retracement to Wave (4) low. 📉 Scenario #2: TSLA is in an ending diagonal, with a bearish RSI divergence already formed. Both near-term and long-term outlooks are bearish. 📉 (See the image below) In both scenarios, TSLA appears to be bracing a downward move. If you’re holding shares of TSLA, consider scaling out in stages to lock in gains.
NASDAQ:TSLAShort
by MrMillion_official
The Future of Blockchain: A New Era of TokenizationGreetings, fellow enthusiasts! I believe we are on the brink of a transformative era for blockchain technology. Here's my vision for how the future will unfold: The New Era of Tokenization: We are entering a period where almost every financial asset will be tokenized. Imagine stocks, gold, silver, and various commodities all represented as digital tokens on the blockchain. This shift is already gaining momentum, with big banks and influential players like Larry Fink from BlackRock advocating for the tokenization of everything. The Impact on Digital Assets: As we move towards this future, traditional financial assets will transition into digital tokens. This will, in my opinion, lead to digital assets without real-world counterparts, such as MARKETSCOM:BITCOIN , becoming "virtually" (pun intended) useless. Why? Because the tangible value of assets like tokenized TVC:GOLD or stocks will overshadow the speculative nature of purely digital assets. The Role of Big Banks and Institutions: With the backing of major financial institutions, the adoption of tokenization will accelerate. This will bring about a more secure, transparent, and efficient financial system, bridging the gap between traditional and digital finance. The Future: This is probably the end of the road for MARKETSCOM:BITCOIN and existing cryptocurrencies as we know them. Say hello to a new era of Cryptography that will be as mainstream as it can get. In summary, the future of blockchain lies in the tokenization of real-world assets, driven by the support of big banks and key industry leaders. This new era will redefine the landscape of digital assets, making those without tangible counterparts less relevant or even completely irrelevant. I look forward to hearing your thoughts and engaging in a lively discussion! INDEX:BTCUSD NASDAQ:MSTR NASDAQ:COIN NASDAQ:MARA INDEX:ETHUSD CRYPTO:XRPUSD TVC:GOLD TVC:SILVER BINANCE:BTCUSDT COINBASE:BTCUSDT
INDEX:BTCUSDShort
by CassianDrake
Mr.Million | Current XRP Chart Analysis and update to my currentUpdate to My Current XRP Short Position: Recently I posted my bearish stance on #XRT and a low-leverage (2x) SHORT at ~ $3.06, with PT of ~ $2.2. Since then 🥁🥁… 💰 Added to my position (3x lev.) around ~$3.2. 💰 Locked in profits (green circles) of ~$193k.🤑 💰 Remaining short back to 2x lev. 🥳 with a better avg. price of $3.129. ✨ On Binance, my XRP short from Jan 30 to 31 has a realized PnL of $193,047 and an unrealized PnL of $50,339. Follow me for future updates on this position (XRP), and here’s to a dip to my PT for a big payday! 🙏📉💸
Short
by MrMillion_official
Mr.Million | BTC Chart Update and My BTC PositionIn my last post, I mentioned #BTC was at a 50-50 crossroads but leaned bearish. What have I done since…? From Jan 30 to 31, the unrealized PnL on my BTC short position currently open on OKX is $21,299, while the realized PnL from a partial TP is $17,954. I also traded on Bitget, where my BTC short has an unrealized PnL of $37,896 and a realized PnL of $25,565. I am SHORT from ~ $105.8k (Jan 29) based on: 1) Potential completion of Wave (Y) in an ABC form 2) Bearish RSI Divergence (15-min) 💰Locked in half-profits (~$18k from #OKX & ~ GETTEX:25K from #Bitget) 🤑 near 0.618 retracement of Wave (Y). 🎯 Next target! Taking half of my remaining position off ~ 0.382-0.500 retracement to Wave (W) start, with my final PT of ~$91k (Jan 14 low). 🙏📉💰 My stop is at ~$106k (Wave (Y) high), near break-even. Follow me and see how this trade plays out!
Short
by MrMillion_official
THE TREND IS YOUR FRIEND - ATH 3K SOONER THAN LATER... As illustrated, I'm trying yo visualize the first couple of weeks of FEB. If things go according to plan, the market should hold its uptrend as it has shown in a healthy and appropriate manner; in other words, respecting key pivot areas, major trendline, demand areas, and so on. The market structure we are seeing, brings back memories of last year's SEP + OCT + NOV bullishness, where gold just kept rising to higher highs with momentum and steady buying volume. On a fundamental aspect, the tip of the iceberg starts with the USA GOV confirming a 25% tariff sanctions on MEX & CAD; this doesn't really help much with geopolitical tensions, nor does it pave a "safe path" toward bringing inflation down, since inevitably the consumer market will have to (sooner or later and any other way) pay for such increment in prices; it's just logical. Any company that is getting charged such absurd tariffs MUST SIMPLY RAISE PRICES or stop negotiating with the US... (you be the judge of that one). Gold continues to have key circumstances that increases its safe heaven demand in times of this degree of uncertainty worldwide. That being said, THE TREND IS YOUR FRIEND! Look for buy setups on key days of the week. MON-TUE = LOW OF WEEK ; WED - THU = EXPANSION ; FRI = REVERSAL / CONSOLIDATION -- GOOD LUCK!
OANDA:XAUUSDLong
by PersaGold
2
BTC to new high...It seems that BTC to be at the beginning of wave c:B. price is supported in green zone that it includes fibonacci 1.618 of wave W and fibonacci 0.5 of wave a:B and fibonacci 1.272 wave X. I expect that price to rise to red zone that it includes fibonacci 1.38 and fibonacci 1.23 of wave A and fibonacci 1 of wave a:B. after that price completes the extended flat pattern in red zone, I expect the price to decline below the end of wave A and probably below 80,000.
Long
by Mr_elliottt
GBPUSD took support from 4h bullish channel – Targeting $1.265Market Context Instrument: GBPUSD Timeframe: 4h Key Trend: Reversal from short 4h downtrend Catalyst: support from 4h bullish channel + Elliott wave 4 completion. Technical Analysis Patterns/Levels: Price broke above the $1.2400 strong support of a 4h bullish channel. Indicators: MACD bullish crossover; RSI above 50. Entry Analysis Entry Zone: 1.24250. 1.2645 (4h key resistance, Caution if fail to break). Confirmation: support above $1.2400 on the 4h chart. Exit Analysis TP1: $1.2575 (prior swing high). TP2: $1.265 (Wave 5 target). Risk Management Stop Loss: $1.2393 (below Support 1.2400). Risk-Reward: 1:4. Conclusion “The support from 4h bullish channel signals a trend reversal. Targeting $1.2650 with a tight SL ensures favourable risk/reward.” Notes for Success: Timeframes Matter: Align entry/exit with higher-timeframe trends. Adapt: Adjust targets if volatility spikes (e.g., news events). Disclaimer: Always include “Not financial advice. Trade at your own risk.”
Long
by TraderJaggu
Are we sending HBAR higher or in Buy The Dip mode?While liquidity is drained from many altcoins and prices stagnate, HBAR is showing an impressive performance. Will HBAR continue on to challenge its 2021 high and achieve a new ATH (All-Time High)? As a self-proclaimed Elliottician, there's one point that concerns me. This correction since December 3rd has been too prolonged—it's difficult to interpret it as a single wave cluster. In one possibility, we might have already entered a new progressive wave (the circled green 1-2-3-4-5). However, it takes on the somewhat exceptional form of a leading expanding diagonal in that case. If the bullish scenario takes an exceptional shape, let's also consider exceptions for the bearish (correction) scenario. In this case, isn't truncation a possibility? In other words, the high on Christmas might have been the end of the upward wave following a correction that could be WXYXZ as an impulsive wave 4. There are multiple possible ways of counting, but in this case, it's possible to count the high on January 17th as the B of an expanded flat—that is, the B as an irregular top. Turning our eyes to the weekly chart, the red box clearly functions as a resistance zone, and it appears to have formed a double top. If candlesticks are pushed out from this resistance zone, it would be natural to anticipate movement in a downward direction. Nevertheless, HBAR holders, including me, will simply accumulate more if the price drops, won't they? Will that opportunity present itself?
CRYPTO:HBARUSD
by jackrabbitrage
Mr.Million | Why I am Bearish on NVDA Near TermNVDA appears to have completed Wave (3) and could drop to ~$100. A potential ending diagonal forming + DOUBLE bearish divergence. 🚨 NVDA feels heavy. Unlike the past two breakouts that blasted through resistance like a 🚀, the latest breakout at ~$141 feels like it’s stuck in the mud! 😞 So, where would I go long? 🔥~$100 = Very Strong Buy 🚛🚛🚛 Remember: if NVDA falls, so will Nasdaq (and BTC)! I am holding lots of cash! 💰💰
NASDAQ:NVDAShort
by MrMillion_official
1
Elliott-Waves don't lie /Solana (SOL) Analysis/ 1/24/2025What’s up, dear TV community 🖤, today we’re taking another look at Solana SOLUSD 🌻. SOL has performed very well and followed my count PERFECTLY... let’s see if it continues to do so in the future 🕛. Please read the DISCLAIMER at the end of this idea! According to my current count, Solana is in Wave 2 of the larger Wave 3 (yellow). It’s been a while since my last analysis, but even back then, I expected an upward move – and that’s still my expectation now. In Wave 2, we currently see an ABCDE pattern, which we should complete soon to continue with Wave 3. For those who are less familiar with the Elliott Wave Theory (EW): we are likely forming the end of a bull flag and could soon take off 📈. The rest can be easily analyzed directly on the chart 😊. Solana is on fire 🔥🔥🔥. Let’s hope this scenario holds and the price gains a few more percent... 👔 If you like this idea, leave a 🚀 and subscribe 🔔. Wishing you successful trades, and see you next time. 🤝 Best regards, Rara es DISCLAIMER: The above statements reflect a trading idea and are neither investment advice nor trading recommendations! All information is provided without guarantee or liability!
COINBASE:SOLUSDLong
by Rara-es
5
Bitcoin (BTC) EW-Analysis // 1/22/2025Hi guys, how are doing? BTC hit a new ATH in the last days, so i thought I should publish a new idea... 👍 Please read the DICLAIMER at the end of this idea!!! So let's get right into it: Bitcoin has shown impressive performance recently, demonstrating remarkable strength in the market. Currently, we find ourselves at the 3.854 Fibonacci level, and the chart suggests that we may witness further bullish momentum in the coming days. There is a strong possibility that Bitcoin could climb as high as $118,000. However, caution is advised above this level, as we could potentially reach the completion of the overarching Wave 1. If this happens, significant corrections may follow, which could test the resilience of many investors. The rest of the details can be analyzed directly on the chart. Now, we wait to see how the big players in the market decide to position themselves. 'In investing, what is comfortable is rarely profitable.' ~ Robert Arnott DISCLAIMER: The above statements reflect a trading idea and are neither investment advice nor trading recommendations. All information is provided without guarantee or liability. Bye Rara es
COINBASE:BTCUSD
by Rara-es
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
BTC/USDT Analysis: Bitcoin Riding the Waves of Optimism As we dive into this BTC/USDT chart, it’s clear that Bitcoin is not just a cryptocurrency—it’s an art form. The chart showcases a detailed Elliott Wave analysis, complete with corrective W-X-Y patterns and impulsive waves screaming, “I’m going places!” Let’s break it down step by step. The Elliott Wave Breakdown Bitcoin has been playing out its Elliott Wave structure with the precision of a virtuoso pianist. Here’s what we’re looking at: 1. Wave (1) to Wave (5): A Symphony of Higher Highs. 2. Wave (1) was the opening act, starting the bullish rally. 3. Wave (2) provided a dramatic correction, retracing as deep as a poet’s feelings on a rainy day. 4. Wave (3) emerged as the headliner, the longest and strongest wave, with Bitcoin shouting, “Catch me if you can!” 5. Wave (4), our consolidation buddy, is taking a breather, making sure BTC doesn’t exhaust itself before the final sprint. 6. Wave (5) looks ready to take the stage and hit the projected target of $128,647.56. The bulls seem to be prepping their rockets for this one. 2. The W-X-Y Correction Before the current rally, BTC went through a complex W-X-Y correction. Think of it as Bitcoin saying, “Let me stretch a bit before the next marathon.” This correction has set the stage for the bullish impulses we’re seeing now. Indicators: The Whispering Bulls 1. Williams %R and Stoch RSI: Hidden Bullish Divergences Both indicators are practically screaming “hidden bullish divergences” like fans at a rock concert. These signals suggest that the bulls are working behind the scenes, setting the stage for the next big move. 2. RSI: Staying Strong The RSI remains comfortably above 50, signaling that the bullish momentum is intact. It’s like Bitcoin is cruising down the highway, windows down, music blasting, and no signs of slowing. The Price Target: To $128,000 and Beyond! Bitcoin has been known to defy expectations. While $128K might feel like aiming for the moon, let’s not forget—this is Bitcoin, and the moon is just the first stop. Key Levels to Watch 1. Support Zones The $80,000 level is a key psychological support. If Bitcoin revisits this area, it could serve as a launchpad for the next leg up. 2. Resistance Levels The $100,000 mark will likely be a battle zone. Expect bears to put up a fight here, but with the momentum we’re seeing, the bulls might just plow through. In Conclusion: Strap In, Bulls Bitcoin is looking bullish on all fronts. The Elliott Wave structure, hidden bullish divergences, and strong RSI readings all point to higher prices in the near future. However, as always, remember that markets love surprises, and it’s always good to keep your risk in check. For now, though, it looks like Bitcoin is preparing for a grand finale. Let’s hope the bulls keep the momentum going because $128,647 is calling, and Bitcoin seems eager to answer. 🚀 Disclaimer: NOT FINANCIAL ADVISE!
Long
by Pakcryptonomics
VELODROME FINANCE. 0.34 USDT BY END OF MARCH 2025 GOD WILLING.HOW IS ALL THIS POSSIBLE YOU SAY? REMEMBER TWO WORDS " KRAKEN" AND " SONEIUM" From the technical perspective, **Velodrome Finance (VELO)** appears to be completing a classic corrective phase following its previous strong rally. Multiple indicators suggest that selling pressure may be subsiding, setting the stage for a potential bullish reversal. Below are the key observations: 1. **Elliott Wave Structure** - The chart labeling points to a clear five-wave advance (1 through 5), followed by an A-B-C corrective pattern. Prices now appear to be completing the final leg of this correction. - Often, once a final C wave completes, the market transitions into a new bullish impulse. 2. **Hidden Bullish Divergences** - On both the **Williams R%** and **Stoch RSI** panels, hidden bullish divergences have formed as price made lower lows while the indicators made higher lows. - Such hidden divergences indicate that selling momentum is weakening and may foreshadow an upswing in price. 3. **Decreasing Net Outflows from OKX EXCHANGE** - The chart’s “Net Money Flow” metric for OKX shows that net outflows have tapered off after reaching peak selling levels. - A reduction in outflows can signal that strong selling activity is slowing down, possibly leaving room for a price recovery if buyers re-enter the market. 4. **Support Zones Holding** - Key horizontal supports around the current price region (labeled as areas of “Hidden Bull” in the chart) have consistently held price action. - Each time the market has tested these support levels, buyers have managed to keep the price from collapsing further. 5. **Upside Potential** - If the corrective wave is indeed reaching completion, a sustained move above the nearest resistance levels (around the 0.12 – 0.15 USDT range) could spark a stronger bullish push. - In a highly optimistic scenario, momentum buyers returning to Velodrome might drive price back toward prior swing highs in the 0.20 – 0.30 USDT zone. **Bottom Line** While market conditions are always subject to change, these signals—hidden bullish divergences, tapering net outflows, and firm support—point to a potentially favorable shift in momentum for Velodrome. A breakout above immediate resistance could solidify this bullish thesis and kick-start a meaningful rally in the weeks ahead.
Long
by Pakcryptonomics