$BTC heading towards $100k radar!#Bitcoin HTF is also in a very strong position. At the same time, the presence of a strong buyer zone at the level where the Elliot 5th wave begins is a sign that parabolic movements are inevitable.
Elliotwaveanalysis
Ready for the next wave?After reaching its low in early August, the chart of Unity Software Inc. has shown a textbook bullish move. The Elliott Wave count is marked on the chart. Now, with the correction phase seemingly complete, the price appears poised to kickstart the next bullish impulse from the 38.2% Fibonacci level, supported by the 50-day SMA.
#Gold another bearish leg possibilityIn the 1H timeframe, it appears that price has completed a 5-wave bullish impulsive move, which may now be followed by a 3-wave bearish corrective move.
So far, we have observed legs A and B of this bearish correction, but wave C has yet to form.
Therefore, as long as price remains below 2747, we can anticipate this bearish move to unfold.
$DOGS ARE GOING TO THE VET! IT TIME FOR A RELIEF PUSH DOWN :OBINANCE:DOGSUSDT.P
1. Wave Analysis
We are currently in a *B-wave down* based on Elliott Wave theory. The price rejections from key support and resistance zones confirm this.
Key Level: 0.0007176 was the major rejection point, signaling a move lower to form a "Lower High"
2. Trend Overview
- The downtrend started on **October 14, 2024**, resulting in a **-21% loss** from today's price.
- This is a memecoin, and despite the "Month of Memecoins," it's underperforming. **Not surprising**, as original projects often lose value when new competition arises.
3. Risk Factors
- "Be cautious." Price moves could be **fast and abrupt** due to political news, FOMO, and market sentiment.
- Altcoin correlation: When altcoins drop, they tend to fall together. Expect volatility across the board.
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( -_•)Entry Price: 0.0006862
❌🛑Stop Loss: 0.0007178
🪙Take Profit: 0.0006001
$ASTS analysisA detailed view of Elliot waves + Wyckoff + Market structure + supply and demand + chart patterns. For +1 month now ASTS has entered a down-trend IMHO and all the above confirm this assumption.
*Not a financial advice
Bitcoin Price and Time Analysis (New ATH or New Bearish Move?)The chart shows Bitcoin's price movements on the daily timeframe, since ATH. The analysis focuses on the recent corrective phases and potential scenarios ahead. Following the significant corrections, two main outlooks are possible, but at this stage, a definitive conclusion is elusive. Therefore, we will concentrate on the latest movements since the $49,500 low.
Three upward waves are observed, yet they appear corrective rather than impulsive. Each wave exhibits a three-wave structure, suggesting a corrective nature. The last wave's overlap with the first wave's territory reinforces the possibility that all three waves are corrective, potentially signaling a bearish reversal soon.
The second wave is about 5% less than the first wave, and thus, if we have the same expectation for the third wave as the second, the end of the third wave is exactly in the range of the 0.114 Fibonacci level, which aligns with the resistance area between $70,000 and $72,000. This Fibo was drawn from the all-time high to the $49,500 low. Historically, psychological factors often reinforce resistance at these levels, increasing the chances of rejection.
On October 20, the price managed to break above the descending trendline, but this turned out to be a false breakout, as it quickly fell back below the trendline. I anticipate a stronger breakout, accompanied by consolidation above the trendline, which could attract more buyers before potentially starting its downward move.
In terms of timing, a time-based analysis has been applied from the first low to the second low, with the 2.0 extension accurately predicting the next bottom(with a difference of 1 or 2 candles). Extending this to the highs projects a potential peak around October 30. Therefore, a possible reversal is expected between October 28 and October 31, as indicated by the blue vertical lines on the chart.
Several fundamental events are scheduled within this time frame, such as the "JOLTs Job Openings," "GDP Growth Rate QoQ Adv," "Personal Spending MoM," "Personal Income MoM," and "Core PCE Price Index MoM." While their direct influence on Bitcoin might be limited, the coincidence with the projected reversal window adds further significance to the analysis.
The chart also shows that each of the previous peaks had reversal signals like spinning top patterns, which have previously played out effectively. Confirmation of the current bearish scenario will require a similar reversal signal or indecision pattern, such as another spinning top or bearish candlestick pattern, to form in the resistance zone.
ALGORAND ROCKET SHIP!!I believe Algorand has bottomed in the way of a bullish shark or cypher pattern. I've outlined entry and exit points. I have accumulated a crap ton of Algo. I just wanted to let you all know. Now you do what you want with this info. Good luck
We can extend into the Target Box, But below $128.73 = $95 BucksNvidia has arrived in the target box for our intermediate (B) wave high. Can we extend in the target box? Yes.
However, two things are top of mind to this analyst.
1) The earnings catalyst mid-November is a "keep hope alive event". Therefore, I do not see big trader commitments prior to that. If we go up further into the target box...it will be an overlapping grinding pattern. I see the earnings catalyst as positive fundamentally, but a technical sell event.
2) If price breaches $128.74...that should yield us $95.
If this is how the price action plays out...then at $95, you would do well consider NVDA longs.
Best to all,
Chris
The real value of gold is not this!!Gold is currently in a descending wedge and has completed its five upward waves, all indicating a bearish price trend. What further confirms this bearish outlook is the bearish divergence in the MACD. If the signal is followed, we will see a price drop. but Do current tensions in the Middle East allow for it ?
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
NOTHING !!As I mentioned, Bitcoin was able to break the head and shoulders pattern, which indicates a price increase in the coming week. We expect the price to easily rise to 73k.
Previous Analysis
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✅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!!
BTCUSDT: Why BITCOIN Remains Bullish and Its Next Potential MoveAs I mentioned last year, Bitcoin could return to its peak, and it has. Now, as you can see, Bitcoin is in a cup and handle pattern on the weekly timeframe. This can be an incredibly strong signal for a price increase. If the breakout happens, Bitcoin's price could reach $125,000 in the new year, which is not far-fetched, just like the AB=CD pattern.
previous Analysis
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✅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!!
XAGUSDXAGUSD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
BTC, can confirm we confim the breakout?Please check the previous idea to get the bigger picture - You find it in my profile
Hello everyone,
Bitcoin reached the top line of the flag pattern, that was built from the 74k top. We got a strong move up, but the breakout didn't even reached 70k.
Bearish Case
Currently we are in a correction of about 3000 Dollar and the correction could expand, if the current support from the 1H 200 EMA will be lost. The next support would come in between 64k and 65k.
Bullish Case
If the price can stay above 66500 and breaks the pattern to the upside, it will face resistance at 68k and needs to get over 68400 to continue the path to the upside. If that's the case, 73k should be the next target
WBD bottoming in process, turnaround soon? Target 70 USD +Following WBD for quiet a few years, and we could witness now a bottoming process, where either we have the lows already in, or we should be near to it.
On the several year-prospect we had already a wave 1 (or A wave) to the upside, with a wave 2 several year pullback as either as a-b-c (with an overshooting b wave to the upside), or a WXY structure.
Yellow route is the alternative route for now, which highlights one more bigger swing lows arriving (and that currently we might be in yellow wavecounts, where price action SHOULD hold the 8.30-8.40 USD mark and not break below comfortably. (Secondary scenario)
Primary scenario where I watching primary a bottoming process is the white route where the white big wave (2) is already in at ~8.80 USD. As the weekly and daily MACD/RSI showing bullish divergence, and also the runup having clearly impulsive characteristic from that bottom, I am leaning towards this scenario.
Be aware, yellow is still not invalidated though. I am re-publishing the idea, since the previous one got flagged for house-rule-violation.
Bitcoin Roadmap==>>1-hour time frame==>>Filling CME GapBitcoin ( BINANCE:BTCUSDT ) is moving near the Important Resistance lines ( Bitcoin is attacking important resistance lines for the fifth time ) in the Resistance zone($70,080- $68,250) .
According to Elliott's wave theory , Bitcoin seems to be completing the main wave 5 in the small ascending channel .
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect Bitcoin to fail again after breaking the lower lines of the ascending channels (small and big) and then fill the first CME Gap($67,250- $67,050) .
⚠️Note: The formation of the Bull Trap is probably high.⚠️
⚠️Note: If Bitcoin can break the Resistance zone($70,080-$68,250) and Resistance lines, we should wait for a new All-Time High(ATH) for Bitcoin.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
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Bitcoin Market Outlook Elliot Wave Theory (W43/2024) // AlgoFyreThe market is expected to stay within a tight range leading up to the election, with the potential for both bullish and bearish outcomes. A bullish scenario may lead to a significant rise, while a bearish scenario could result in a correction. Both possibilities are on the table.
🟢 Short-Term Outlook (Next Few Weeks to Months) - Bullish Scenario
🔸 Leading Diagonal (Green) Complete : It’s October 22nd, 2024. Based on the 8-hour chart, we are likely correcting or staying in a tighter range until the election. Assuming results are available on election night, that’s a key point to watch.
🔸 Corrective Phase (Red ABC) : The price may drop, correct back up, and then decline again. After that, it could go either way—bullish with a potential one-two sequence signaling a strong upward move, or bearish if it completes a three-wave ABC pattern, preparing for a drop.
🔸 Timing Around the US Election : Both bullish and bearish outcomes are valid. The price may push up to take out the high, especially if this is a wave four, forming either a WXY or a leading diagonal. If it’s a leading diagonal and the high remains intact, we could see a decline.
🔸 Bullish Impulse (Wave 3) : The wave structure suggests either a bullish move or further consolidation. RSI shows hidden bearish potential on shorter timeframes, but it’s unclear if this move has more room to the downside before continuing upward. The current five-wave formation is almost textbook in appearance.
🔸 Bullish Summary (TLDR):
An initial wave up, followed by a drop, is likely. The move appears to be too clean to ignore. We may see further upside with volume peaking at the top of the current wave. A complex correction could follow, potentially stalling the move until after the election.
Price action could remain range-bound, giving time for the election to pass before a more decisive trend emerges. In the next two weeks, we’ll see how this plays out. Up today, then potentially down later, remains the best guess for now.
🔴 Short-Term Outlook (Next Few Weeks to Months) - Bearish Scenario
🔸 Bigger ABC Correction : It’s October 22nd, 2024. The chart shows a corrective phase, likely to remain range-bound until the election. If the election results trigger a move, we’ll see a clearer direction.
🔸 Flat Pattern for B-Wave : Expect a drop, correction, then another move down. A one-two sequence could signal a bullish breakout, but if it’s an ABC pattern, we may be preparing for a drop.
🔸 C-Wave to 52K Area : Both bullish and bearish outcomes are possible. The price may retest highs but could fall if it forms a leading diagonal. As long as the high remains untouched, a downside move is expected.
🔸 Larger C-Wave Up : The wave structure indicates a potential move down after the current five-wave sequence. RSI suggests bearish pressure on short timeframes, but the exact timing is uncertain.
🔸 Major Downtrend Next Year : The market may consolidate, form a complex correction, and then begin impulsing downward. The overall trend could remain bearish after the election.
🔸 Bearish Summary (TLDR):
A move up followed by a correction could take time to fully develop. The market may stay range-bound leading up to the election. The next two weeks will be critical in determining the longer-term direction.
🔶 Key Takeaway
The market is expected to remain in a tight range until the election, with potential for both bullish and bearish outcomes. A significant rise is possible under a bullish scenario, while a bearish scenario could lead to a correction. Both scenarios are valid.
Us Wall St 30 forecast by Elliott The potential target and timing of the third wave have been drawn using two tools: Fibonacci Extension and Fibonacci Time. According to this analysis, within the next two weeks, we can expect it to rise up to 44,000.
Bajajfinance holding periods decades#bajfinance will break out of this two year triangle, has a huge potential for long run of becoming blue-chip stock,
#Bitcoin Wave Count and Primary Bullish Move Targets#Bitcoin overall #Elliottwave count of the primary bullish move since late November 2022.
With price breaking above the bearish trendline that had kept it lower since March 12th, we can confidently say that the complex consolidation under wave ④ of iii has ended, and we're now in the impulsive wave ⑤ of iii.
Looking more closely at wave ⑤, we can see that waves (1) and (2) are complete, and we're currently in wave (3) of ⑤.
Based on Fibonacci tools, I believe wave ⑤ could target a range between 75,000 and 97,000. However, the key takeaway here is not just the targets but that we're in a bullish impulsive wave ⑤ and how we can take advantage of this using our strategies.
Another bullish confluence on the chart is the formation of a reverse Head and Shoulders pattern, visible at the end of the bearish corrective wave ④ and the start of wave ⑤.
BTC: Impulse Wave 1 Complete, Awaiting Wave 3 SurgeIt appears that Impulse Wave 1 (green 1) has completed, with the necessary expanded ABC correction in place for Wave 2. Currently, BTC looks like it’s in Wave A of 5 of C. According to the Hurst cycles at the bottom, we should expect this corrective phase to last a few more days, up until the dotted blue line.
If all goes well, this will lead us into Wave 3, where we can anticipate strong upward momentum and potentially ferocious lunges to the upside. This will be Wave 3 of 3, meaning we should see a substantial bullish move.
The Hurst cycles suggest that Wave 3 could continue until around the 7th of November, making it interesting to consider how the U.S. election results on the 5th may influence this move. In any case, keep an eye on BTC for potential breakouts. Remember that corrections are healthy—and stay tuned for more updates!
#US30 Time to Lock in ProfitsBased on the current Elliott wave count, it appears that the price is at or nearing the top of wave 5 on the daily timeframe. As a result, we might anticipate a price downturn, if not a full reversal.
At this point, it would be prudent to lock in profits and prepare for a potential downward movement.
Additional confluences, such as the occurrence of bearish divergence in two degrees, and appearance of rising wedge pattern in 4H timeframe, further support the possibility of a top formation.
EURCHF weekly descending channelThis currency pair is moving well within the channel across different time frames. A descending channel and Elliott waves have been drawn, and we are predicting the completion of wave B.
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Alikze »» ALPHA | Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- In the 1D and 1W time frames, it is moving in a descending channel.
- It has encountered support in the range of the green box.
- Due to the change in structure and behavior in the 1D time frame, it can have an upward movement up to the limit of the ceiling of the descending channel.
💎 If the current rising wave is accelerated, after hitting the first supply area which is the neck line of the previous corrective wave, it can continue the upward trend after a temporary correction to the next supply area.
⚠️ In addition, if the floor of the previous range is touched, the bullish scenario will be invalidated and must be reviewed and updated again.⚠️
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BINANCE:ALPHAUSDT
