Longshortcompetition
ETH/USDT Elliott Wave count 4H TFEthereum may have been completed 5 wave structure to the upside and will start to fall.
RSI shows that the upward trend has started to weaken also.
The price reached 2,236 fibbonacci extension.
I am searching for more clues to see if the impulse up is ended am I am waiting to break down the support line of those 4th waves.
Also I am waiting for more clues from you.
For now I will stay netural and wait for more price action.
Bitcoin Elliott Wave count 6H TF Bitcoin going up correctivly with a WXY pattern for what I think is a 4th wave that may hit 27000.
Now we are into subwave b, flat pattern from wave Y that I think it will find support somewhere at 22000 to retest a previous borken resistance from this level. Also 22000 is 0.764 fib retracement of the subwave a of wave Y and 1:1 ratio wave a vs c from that flat b that I mention it upside.
So we have some interesting confluneces at this 22000 and I am expecting the price to bounce to go up and finish this WXY somewhere at 27000.
Wave X vs Y 1:1 ratio hits exactly 0.382 fib retracement of what I think is a 3rd wave annd this is another reason that makes me to say Bitcoin will hit 27000.
I am updating Bitcoin count frequently for diffrent time frames so if you like my analysis subscribe for future updates.
I will remain short untill will start subwave c from wave Y
Good luck!
ETH/USDT Elliott Wave count 4H TFEthereum ended an impulse to the upside tha may be an wave A and now is falling into a correctivly pattern WXY that may find support into the box. From there I am expecting to go up.
Until the price acrtion will change I remain bearish.
I will update this count when the price action will change so if tou like my analysis subscribe for future updates.
Good luck!
Bitcoin Elliott Wave count 30m TF Bitcoin remains downwords and is falling correctivly into a WXY pattern.
I will trade this with short entry at 23000 and stop lose above black X wave top.
Price allready hit 0.618 fib retracement of the previous blue W from black Y.
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Good luck!
Bitcoin Elliott Wave count 1H TFAfter this flat type correction I expect bitcoin to correct more at least with a C wave and it is possible to touch the 21650 area.
I will enter short at 23210.
Stop lose 23670
I will update take profit later.
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Good luck!
ETH/USDT Elliott Wave count 1H TFEthereum has two options from here.
Bullish to go for a 3rd wave from a 5th wave. This will be validated if the price will break above 1680.
Bearish to go for an y wave if the price break below 1558.
I will update this count as we have more data so if you like my analysis subscribe for future updates.
Good luck!
ETH/USDT Elliott Wave count 4H TFEthereum may do one more leg up to complete this impulsive structure.
If it will keep the 0.5 fib retracement we can declare a 4th wave wxy corrective structure.
A break below 0.5 fib we declare this impulse completed that will be counted as an A wave and will expect an abc to end at least at 1300 that is 0.5 fib rteracement of entire impulse that started from 22 June 2022. Also 1300 is an important support zone
ETH/USDT Elliott Wave count 30m TFEthereum made an impulse to the upside that may be a wave A.
Probably now we are into wave 5th of this impulse also subwave 1 from it is done. Subwave 1 from the 5th wave is the extended wave.
Now ETH to confirm this scenario must make a pullback into the zone of 0.236 - 0.382 where I want to enter long position.
Also that zone is the previous resistance what was broken so a retest is needed.
Good luck!
I await your comments with arguments for and against.
Bitcoin Elliott Wave count 4h TF Bitcoin probably is into a complex correction to the upside and has started the wave Y.
Also may finished subwave 1 from subwave A.
X wave bounced into 0.5 fib retracement of the entire up move.
I am expecting a pullback for a wave 2 here and than to continue to the upside. I would have liked BTC to have passed the previous peak with this subwave 1, but we will see ...
Overall i will remain with this upside move but with caution Good luck!
ETH/USDT Elliott Wave count 1H TFEthereum made an impulse to the downside that may be a wave A and now is doing an up corection for a wave B. Expecting the price to be rejected somewhere between 0.618 0.764 fib retracement to enter short for at least a wave C.
I will update this count with entry and take profit so if you like it subscribe for future updates. Good luck!