Elliotwaveprojection
BTCUSD Wave 4 Drop is done! On to Sub-3 or Super 5!Price broke the corrective channel and has formed an ending Diagonal to finally end the downtrend a week ago! Please follow and comment with your own charts / opinions. Thanks for checking me out!
Not a professional, just learning all of this, do your own due diligence before making any trades!
PMs - ELLIOT WAVE FORECAST - Gold $GOLDHere is a brief Elliot Wave Perspective on gold:
- Short term outlook is quite bearish.
- It correlates to bullish outlook on equities. I think we have some short term upside until EOQ1 or Q2 on equities.
- It looks likely that we are on Wave 5 which will reach a high of $2275 USD
Bullish scenarios are:
- 1900 High was Wave 5 and we are on a new motive wave (Most Bullish).
- Bouncing at 1600-1700, breaking out of the rising wedge in the short term without retesting the bottom, confirming a new motive wave.
- The current wave 5 will be extended to 3000, but in this case we will still have a correction in the short term (Med term Bullish).
I am a believer that financial markets move the world, and precedes "news"...
From this forecast, we can also speculate that Biden will have a 4year term.
This trend also aligns with the Smart City bubble ($90T USD projected MCap) which should begin in 2030.
Deep ABC Downtrend forming! 1st Comment has link to chartLeading Diagonal (Elliot Wave) is forming on 1 hour time frame which will lead to a large downtrend, trade appropriately!
I'm not a professional, just someone very good at seeing patterns and correlating data. Please use due diligence and do your own research/confirmations on this data. This information is for speculative/educational purposes.
If this saved or made you some money, please consider tipping as I lost a decent chunk of money trading this unfortunately until I realized what was forming! Comment if this data was helpful. Good luck trading!
OXTUSD - Price PredictionHello all,
Here's OXTUSD as requested by 'NuMaUita'.
I think there is a possibility that this could pullback to the 0.22 level once more before going back into its upwards trend.
If it kicks on from here however, it will indicate a wave (iii) structure to one higher degree for which I have an initial target of 0.46 - 0.51 . Any further extended move up will likely take us to 0.60 - 0.67 .
I hope you found this useful! As always, a like/follow is much appreciated.
Thanks for looking!
Beyond Edge
Disclaimer
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the information provided. Remember to do your own research.
Trust your own analysis.
Beyond Edge