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Longshortcompetition

FTM/USDT Elliott Wave count 2H TFFantom shows potential for growth and I expect the price to reach the 2.55-2.64 area. At this moment we are in the structure of the 3rd wave of the higher degree (black count), more precisely, I think that the 3rd subwave (red count) of the 3rd wave (blue count) of this 3rd wave of the higher degree (black count) has just finished ) to be finished and subwave 4 (blue count) from wave 3 (black count) should follow. I hope I made myself clear enough, and if you have any questions, I'm waiting for your questions. Good luck and don't forget to like and subscribe if you think this idea is usefull. Thank you!
Long
by Cross10XSignals
ETH/USDT Elliott Wave count 2H TFEthereum may go up with an impulse to end an expended flat correction . Wave A that may form flat pattern is a zigzag with wave B a triangle Wave B that may form flat pattern is a zigzag also but with wave B a complex correction WXY. Also wave B it pass below starting point ot wave A. Wave C We have 2 waves (2 ABC) and now I think we have a wave 1 from an impulse Wave C that will form flat correction. Wave 2 from it may not be ended at the time I am writting this. What is important here is that the price break above 1300 to can say that wave 2 is finished and to have more confidence in this count. Below 1189 this count is invalidated. I will update this count when I will see more price action. If you like my analysis subscribe for future ideeas and updates and hit the like button. Thank you and good luck!
COINBASE:ETHUSDLong
by Cross10XSignals
4
BTC/USDT Elliott Wave Daily countBitcoin one more pump and than it will go down!! ABC correction started from 22 june and ended on 15 august and than probably we have a leading diagonal for a wave 1. I am expecting wave 2 to finish 20500 where it ended 4th wave from the diagonal or 22500 where it ended wave 2 from diagonal. After probably it will go down for a wave 3. I willl update targets for wave 3 after it will end wave 2. I remain bearish on a macro perespective view. You can play scalping on longs but watch those 2 resistances. If you like my analysis subscribe for future ideas and hit the like button. Thank you and good luck!
FTX:BTCPERPShort
by Cross10XSignals
Importance of index analysis ! Short Tech & Long Energy stocks.It is critical to analyze indices when choosing stocks ! SPN (Energy sector of S & P ) outperformed SPX since start of new year . While SPX is officially in bear market , SPN gained above 30 % so far and was above 60 % at it's latest major high !. SPX bounced back last week raising hopes for bulls however, I think it is just a bear market rally and worst may still on the way ! Please note in most bullish scenario SPX may fall down to 3300-3500 level. In moderate case scenario which I believe the most , SPX may see 2400 and in this case Dow will fall down to 18000 ! . This moderate scenario implies for end of about half of century bull run ( from 1974 to 2022) . There is even worse case scenario which calls for completion of 90 years bull run from 1932 to 2022 !!! ( you can see my published video idea about DJIA and different scenarios). Please keep in mind that FED is insisting on rate hikes and we are still at half of rate hike road ! and Mr Powell finally accepted the risk of recession last week. Don't fight FED. On the other side, Oil price is high which brings long term profit for oil companies e.g Exxon ! . Oil high price allows for extension of activities for giant oil companies which brings them more profit for example, margin oil fields which once were not commercial now become commercial and profitable ! . I believe oil is going to stay above 100 USD for long term considering OPEC's production capacity at the peak and simultaneous sanctions of IRAN, Venezuela and recently Russia !. Now lets look at what we have on chart : 1. Candles are clearly below both 50 and 200 weekly moving averages and there may be a possible death cross in upcoming weeks. 2. Chart has lost 0.618 Golden ratio Retracement leve l of the entire up going wave from bottom to ATH. This former support now acts as a strong resistance . 3. Lost golden ratio support beautifully coincides with 0.236 Retracement of the latest major down going wave which makes our resistance even stronger. 4. In terms of Elliott waves , there is still one remaining leg down (wave 5 ) to complete the major impulsive down going wave started at ATH. End of Possible mentioned wave 5 may find the support at 0.786 Retracement level which is a strong supply/demand area as well. All in all , there is no strong support in favor of SPX against SPN. As written on the chart, Technology stocks are among worst performing sectors in SPX in 2022. I believe they have still much room to go lower considering their sensitivity to rate hikes. For example, in case of loosing last support, NVDA will fall at least to 133 or even 75 in worse scenario. On the other hand, energy stocks e.g XOM or COP are completing internal waves of their long term ascending wave 3 . Although they may see some negative days or even weeks , their general trend is up and remind this golden words in world of marketing which says : " Trend is our best friend . " To wrap up , I go short technology and go long energy stocks but certainly in appropriate time and safe trade setup. I appreciate Tradingview's team for giving this chance to authors to participate in this interesting and encouraging competition. Good luck everybody.
Editors' picks
SP:SPX
by SaeedSajedi
51
Bitcoin Elliott Wave count 4H TF Bitcoin after measuring waves fits perfect for a leading diagonal that may be a wave 1 or A. I am expecting the price to rise from here as 4th wave already hit 0.5 fib retracement of wave 3 and to hit the slope red doted trend line. After it will go for a correction but will post updates for this when I will have more price action. Invalidation below 18896. I will post in the coming hours a count for 12 hours with the bigger picture of bitcoin. Stay tuned for it! If you like my analysis subscribe for future updates and hit the like button. Thank you and good luck!
Long
by Cross10XSignals
EOS/USDT Elliott Wave count 12H TFEos looking good for a potential move to the upside with a WXY correction or a flat. If it will be a flat the price must go impulsivly for a C wave. If it will be a complex correction than we must expect for an abc move to the upside to complete the Y wave. Wave W(red) or A (flat) is a complex correction, wave X (red) or B (flat) is an extended flat correction. Wait for a breakout above 1.225 to enter long with targerts into the 2.20 - 2.70 zone and stop lose under the 5th wave (blue) from wave C from flat that is forming X (red) or B (flat) but I will update when we have more price action. If you like my analysis subscribe for future updates and hit the like button. Thank you and good luck!
Long
by Cross10XSignals
ETH/USDT Elliott Wave count 6H TFThis count is possible a bullish scenario for Ethereum. We have an upward impulse that can be A or 1 and now we probably have a complex WXY correction and not a zigzag as I had previously anticipated. If so, we should be in a triangle-type corrective wave at this moment, which could be the B wave from the ABC that forms the Y wave. This triangle could also be a wave 4 from a wave C of a zigzag type correction, but it still seems too big for a wave 4 compared to wave 2, but nothing is excluded. This triangle is not complete yet and I'm waiting to see how it ends. It is possible that we are in wave D at this moment which should end in the trend line that starts from the origin of the triangle and joins the end of wave B of the triangle and from here wave E of the triangle should follow. This wave C from wave Y so that we can consider it complete and to maintain this bullish count should end in 0.618 fib extension A vs C which favors a landing at the bottom of the channel and at the same time here we would have 0.764 fib retracement from wave A or 1 higher degree which has its start on June 18. We could also have divergence on the RSI at the end of the Y wave. It is possible to trade short after the end of the dream and the breaking of the BD trend line formed by the triangle but since I will see more price action I am neutral. I will update this account, so if you like my analysis, subscribe and press the like button. Thank you and good luck!
by Cross10XSignals
6
ETH/USDT Elliott Wave count 1H TFETH probably made a leading diagonal for a wave A or 1 also this may be an abc for an wave W. After we have a connector wave an expended flat wih wave b hitting 1.380 fib extension of wave a. Now I think we made an impulse to the upside a leading diagonal that may be wave 1 from something bigger or as it allready hitted 0.618 fib extension of wave W vs X(extended flat) we may have an wave a and than b and c to complete this Y wave from WXY pattern. Target for an Y wave is into the box somewhere at 1400. Entry long above 1345. If you like my analysis subscribe for future ideas and hit the like button. Thank you and Good luck!
Long
by Cross10XSignals
RSR/USDT Elliott Wave count 4H TFRSR break slope trend line with an impulse that probably is wave 1 and than made an abc correction to retest the trend line after the break for a short wave 2. This is the wave C probably an impulse to the upside that will hit 1:1 ratio. 2.236 Fib projection 1 vs 2 hits perfectly the zone of the 1:1 ratio A vs C so from here I am expecting to start the wave 3 from this C wave. I am long on RSR with target into the box and stop lose below invalidation level. Also take a look to the related idea. If you like my analysis subscribe for future ideas and hit the like button. Thank you and good luck!
Long
by Cross10XSignals
ETH/USDT Elliott Wave count 15 min TFEthereum probably made an impulse to the upside that is a leading diagonal. Expect for correction to end, and at least the end of 4th wave, 1st box. It may drop at the second box at the end of 2nd wave to place another entry. For more conservative play you can wait to break up the b wave of the correction that may be a zigzag. Target for a C wave is 1385 and for a 3rd wave 1430.( If the correction ends at the end of 4th wave.) If you like my analysis subscribe for future ideas and hit the like button! Thank you and Good luck!
Long
by Cross10XSignals
4
ETH/USDT Elliott Wave count 4H TFEthereum into an impulse move to the downside. Probable is an ABC corection and now we are into wave C and as it stay in the channel is not ended. Price may already had hit the 4th wave target 0.236 fib retracement of the 3rd wave(lower side of the box) and will go for the 5th wave. Also price was rejected from a previous broken support that now is acting like a resistance. Target for equality A VS C also is at 1182 level. I remain bearish until I see more price action, such as a channel break! I am updating frequenlty counts so if you like my analysis subscribe for future updates and hit the like button. Thank you! and Good luck!
Short
by Cross10XSignals
ETH/USDT Elliott Wave count 1H TFEthereum may end move up with a running flat for wave 2 or B. Target for a running flat is 0.618 projection of wave A vs B. Also the projection of this last impulse to the upside that I think is wave 1 and 2 from C wave that is forming flatt correction 2.618 level hits perfectly 0.618 level of the projection. Soon we must see a big impulse for wave 3 Take a look to the related ideeas for a deeper understanding! If you like my analysis subscribe for future updates and hit the like button! Thank you! and Good luck!
FTX:ETHPERPLong
by Cross10XSignals