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Market Geometry

Waiting Game DOTUSD: Bullish long term scenarioHello investors and traders, As part of the "Waiting Game" series, today we look at DOTUSD and long term opportunities. If we consider the movements from inception end of August 2020 to mid-May 2021 as one complete wave (Primary 1 purple), and that the subsequent deep retracement was primary wave 2, then based on the guideline that usually a wave extension happens in wave 3 (primary degree) I would love to see DOT hits the 1.618 target (around $1080) If we subdivide the primary count (purple) into intermediate waves, and we optimistically believe that we are starting the new cycle, I am looking forward to seeing a deep retracement (intermediate blue) around 50%-61% Fibonacci to buy a bag of DOT. Long term target at $1080 and a short term target of $150 (intermediate wave 3) would see the Polkadot community very happy. What's your long term and short term target price for DOT?
BITFINEX:DOTUSDLong
by Dry-Storm
2
SOLUSDT - 4h - Bullish idea on Solana. Ready to resume the run? Hello traders and investors, Today we look at the SOL/USDT chart and the recent moves that happened in SOL/USDT. Looking at the chart, using the traditional channelling technique I see we are currently in an ascending channel within a long term ascending channel (primary purple). Is Solana ready to resume the bull run? Will SOL hit the upper boundaries of the long term channel intersecting the short term? If so, for the current $150 we should see value appreciation around (or above) $410. Let's see what is going to happen
SLong
by Dry-Storm
2
Waiting Game TESLA (TSLA):Bulling long term scenarioHello traders and investors! Today we are considering the idea that Tesla (TSLA) can reach a target between $1,400 and $2,600. As far as I can see we are in a corrective structure. I consider it as a simple (and relatively) shallow zigzag to complete primary wave 4 and "follow" the guideline of alternation with primary 2 (complex and deep WXY correction). If this structure will eventually unfold as zigzag (with a B wave as a triangle) we should also see market geometry respected: a) wave 4 = 38.4% of Wave 3 at the middle line of pitchfork connected between cycle 1 and cycle 2 b) primary wave 4 completion in the region of intermediate 4 of lower degree Targets: $1,400 if primary wave 5 = 61.8% of primary wave 1 $2,600 if primary wave 5 = 100% of primary wave 1 Let's see what happens next.... as usual no rush to buy the dip
NASDAQ:TSLALong
by Dry-Storm
1
XMR/USDTXMR/USDT -Considering that we had taken TP1 of XMR/USDT before and the correction that followed it, the price has reached a good support again and is also valid for , -the cost has arrived at a decent help again and is additionally substantial for more. To purchase, the SL (stop lost) and capital administration should be noticed. -All protections and TPs (take benefits) are spotted. - It is a perfect opportunity to purchase Monero, as a result of the cup and handle arrangement! - RSI is prepared for another observation and when we arrive at unsurpassed high, we ought to speed up in speed.
X
by DeclanBrock
2
Waiting Game ETCUSD: Bullish long term scenarioHello traders and investors! Another Waiting Game Long Term scenario. This time is all about Etherum Classic ETC (and not the more "researched" and "traded" Etherum ETH). if we consider January 29 2021, the end of a long WXY correction (double zigzag, regular flat, irregular flat) and the resume of the main trend in 5 waves (minor degree red), I can only be bullish and consider the current correction a deep Primary Wave 2. Using the Pitchfork from the origin, Primary 1 ended at the Pitchfork Middle Line. A deep Primary 2, completion of Minor wave Y, would correspond a Fibonacci Cluster next to the Pitchfork bottom line. By using the traditional 1.618 Fibonacci extensions to target Primary Wave 3, I bearly believe my eyes... will ETC reach $2591? Let's see what will happen.... No rush to buy the dip
COINBASE:ETCUSDLong
by Dry-Storm
4
Prediction from time traveler from 2049 FINAL WARNINGA Human being iluminaise in the dark forest, come to me to make a sacrafice. Stay at present times to give us final warning about War and global warming. Nowadays a beginning of new bubble taking place... NFT of course I tell. To our planet Earth not going well. In Cincinnati after secet meeting of iluminatii. They decide to not warn us of NFT ravages colide. Because in late 2048 they have to merge with AI ... Make new Human race to expand in cosmic grace. In 2031 brutal conflict going place ... 2037 Robots doing well it's hard to Spell In 2049 Skynet arrives and human history ends... QFIHR-3990-IX the Human Hybrid Robot from the future.
SP:SPXLong
by AlexINV21
2
Waiting Game ETHUSD: Bullish long term scenarioHello traders and investors! Today we are looking at the ETH/USD pair on a weekly timeframe and breaking down the Cycle (Black) degree in Primary (Purple) and Intermediate (Blue). If we consider the impulse from October 2015 until January 2018 ( 812 days ) as Cycle wave 1, can we say that December 2018 low is the end of Cycle wave 2? is possible that Wave 2 correction took more or less (just) 38% of Wave 1's time? Let's assume that Wave 2 didn't complete in December 2018, and it lasts until March 2020 low, hence the time spent in Wave 2 is almost 1-to-1 with Wave 1. If in the long run, this hypothesis is correct, I think we are in an incomplete Primary Wave 1 (Purple) of Cycle Wave 3 (Black), and currently in Intermediate Wave 4 (Blue) in the region of 23.6%-38.2% Fibonacci retracement, and at the lower boundaries of the Pitchfork. If Intermediate Wave 1 and 5 will be similar, we will hit the Pitchfork 61.8% line which is around $10k . In addition, the current lower boundaries is 38% of the move (starting from $84 until $10k). Long term forecast? Above 10k... much higher. Let's see what happens at the end of 2021 and in February 2023.
BINANCE:ETHUSDLong
by Dry-Storm
2
Future Gold analysis using market geometry & cyclesLooking out into the medium term future of gold we can find likely points of price weakness using cycle analysis and then pairing that with market geometry we could also spot potential price target zones. My chart calls out December 2022 as a danger zone! Obviously a lot can happen between now and then but if the price continues to trade in the same trading channel that it has been following and breaks through the current upper resistance of ~$1920 then we could be in for a decent move up in gold followed by a sell off going into December 2022. The diagonal channel lines of the pitchfork tool have been well respected so I would expect a pull back to land on, or close to one of these lines/levels, I guess it depends on what is the underlying driver of the fall as to how deep the sell off will be. But I do believe some form of sell off is likely, as when you look back at the past 4 bottoms of the time cycle bubbles on the chart they very much line up perfectly with sell offs. Starting from left to right we can track: - Cycle bottom 1 sell off in Oct 2008 which was ~34% - Cycle bottom 2 sell off in May 2012 which broke the top of the 4yr bull run, here the market loss is ~21% - Cycle bottom 3 sell off in Nov 2015, where the market went sideways for a year after the previous sell off and then eventually broke into a full bear market for a ~41% sell off - Cycle bottom 4 sell off in May 2019, this was only a small sell off of ~7%. The bigger sell off was a few months before hand and this was likely a shake out before a parabolic move up. Further to the cycle bottoms if you look at the midpoint of each cycle there are also sell offs very close to the peak as well. To wrap up I think Gold is a great long trade to be in now as we are seeing inflation popping and equities getting toppy and I'd say we will see a big move up once the current resistance level is broken. But the historical evidence is to strong to ignore so I won't be caught holding any gold positions or stocks in the lead up to December 2022. **This my personal opinion and I'm not a paid advisor so please DYOR research before investing your cash**
COMEX:GC1!Long
by gary_trades
A potential case for ₿itcoin to re-test previous macro structureOn the chart are presented some of my current beliefs about where bitcoin is right now at a macro level. The idea gets invalidated if we close this week above the Median Line and we start to challenge some of the previous pivots (41k) that touched the median line several times from above before breaking lower. Note: I don't have any Elliot Wave labelled on the chart but if it was to count the price action from the 2018 lows to the current ATH as 1 2 3, with the bias that now we are in the progress of developing the 4th wave, there are a couple of things to watch. 1. The guideline of alternation states that if wave two of an impulse is a sharp retracement, expect wave four to be a sideways correction, and vice versa. In this case, we have a sideways wave two so we should expect a sharp wave four. 2. The most probable zone for wave four to retrace is between 30% - 50%. In this case, the 38.2% Fibonacci level labelled with a grey line aligns roughly in the same zone with the other elements which provides us with a wider confluence zone.
INDEX:BTCUSDLong
by SebiiSb
2