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Potential ABC correction on Bitcoin for a 2This is just being shared as an idea to my other post after mentioning that at least a local top was in a few days ago. Considering a bullish ABC retracement idea. I presently have an RSI alert set to watch when the DAILY tf pivot low is taken on bitcoin. If that pivot is taken, I will be watching the 4 hour RSI for bull divs to potentially confirm that the move might be coming to an end and then would be much more "bullish". Trade safe friends! if you have found this helpful, please give a like to the idea and a follow!
Short
by HankHill_1
1
ETH and BTC Corrections May be Over...or very close to itJust an update. I have been charting ETH more as the count is more clean and appears to be more leading. I have this now where this impulse move was over several days ago and we are in the midst of a potential MTF(2/4HR) Wave 3 to the downside. Be careful out there. For what it is worth, there is potential that this could be the beginning of an ABC correction of a Wave 1 for both which would be bullish in the long term. Will only know as we approach those levels.
Short
by HankHill_1
1
Jubilant Food WorksHello and welcome to this analysis The stock has been in a decline since Sept 2021, all bounces have so far been sluggish as it continues to make a lower high lower low pattern. It was removed from Nifty Next 50 hence the recent exit pressure from Index based funds In the immediate short term due to a heavily oversold scenario a dead cat bounce appears to be in the making. This could either bounce back to 500-525 or form a triangle (higher probability) as long as it holds last week low. Overall chances of this being a bottom look slim unless it starts sustaining above 535. We might see value buying coming near 375-350.
NSE:JUBLFOODShort
by Dinesh_C_Nagpal
ETH HTF PerspectiveThis is just really for documentation of an idea I had been tracking for some time. As you can see, this idea is showing that we are still within a HTF wave 3. Within that wave 3, it is being theorized in this idea that we could be putting in an expanded flat for a wave 4 of that larger degree 3. Which is why the 3rd wave is not being marked with that last ATH, because with an expanded flat, the low is made, the prior high is taken, and then an extended low is then put in for the C leg. The reason behind this is that we have at least put in a series of 3 waves down from the AT and potentially just finished up a running flat 4th. If that is the case, this is a valid pivot point for a potential swing short idea. This would make room for an ending 5 wave move to the downside to complete that expanded flat. Targets for the 5th could be around $650-$450. If those targets were to be achieved, it would be game on for a big move to the upside. The targets to the upside cannot be really honed in until we have confirmation that this move is over so please don't pay too much attention to those upside targets until this move is over.
COINBASE:ETHUSDShort
by HankHill_1
1
Expanding Triangle / Broadening wedgeThe price of ICP Internet Computer appears to be locked in a falling wedge on the weekly time frame, which means that the price is in a downward spiral that is tightening to the downside putting more pressure on the market and eventually a breakout will follow. On the RSI a slight positive divergence and the MACD which has been up for some time but is still below the 0 line. on the daily time frame and here im taking the latest downtrend within the formation above which falls nicely into a downtrend channel. The EW also fits nicely into this and these readings are also respected, though I did add an alternative wave 5. Then attention to the Broadening wedge, which in the EW is sometimes called an Expanding triangle. As it looks now, the MACD seems to bend upwards and thus we create positive divergence which somewhere then fits nicely into the story of the weekly timeframe in addition to that when crossing the 0 line this can be seen as a trend change. Should the current support of the Broadening wedge break down, I expect that we can go down towards $2.50.
COINBASE:ICPUSD
by Tims.Technische.Analyse.
1
BITCOIN 2050Bitcoin has completed another corrective sequence downwards loosing 50% of it's gains from 70k top down to 30k bottom of 2021. Future price movements are expected to keep rising rapidly within the next decade, with a new ALL TIME HIGH waiting to unfold within the range of 120k up to 240k. After the new ATH is established, a new stronger bear market should begin which will give a bearish drop in price and decline down to 2,000 or possibly lower with constant declines over time. These price predictions are done using EW, Gann, volume and price ratio analyses.
BITSTAMP:BTCUSD
by crikz
1
USDCAD in front of highAfter the rapid rise of recent weeks, should be at 1.395 end for now. Looking at the sub-waves of the last movement, today's high could also have already ended the wave. For reasons of clarity, I have not drawn these with. There are two options afterwards; either the pair rushes massively into the depths towards 1.12 or we only see a correction into the area of 1.344 to form a high at 1.541 afterwards. Looking at the pair itself, I would prefer the path towards 1.12, from here it could even go further down, but looking at the dollar strength and taking into account the targets in the other pairs, the scenario presented here as ALT should come to pass.
Short
by Elliott-Waves-2_0