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Marketpainterph

Bitcoin in A Correction! Next Target 26k$ to 34k #bitcoinBTC Daily Chart | Elliott Wave Analysis Bitcoin may take the corrective wave (4) in a form of flat (regular or expanded) and recommended buy is at 0.618 fib retracement of the impulsive wave (3) which is at 26.6k$. Target for the Impulsive wave (5) is at 34k$ or the equidistant to the height from the Inverted Head to the broken neckline (which confirmed the bullish reversal). Neckline is presented as the EQH (equal Highs) that was broken last 17th March 2023. Follow, Like and Share to receive detailed and informative Elliott wave charts objectively analyzed by @marketpainterph #elliottwave
by marketpainterPH
XAUUSD A Killer Wave C of Corrective B?Gold sharply rose from 1804 to as high as 1914 mitigating the larger Weekly Order Block. There might be though an opportunity to sell if price misbehaves on the range 1919-1927 and a potential 4:1 RRR with a risk invalidation above 1959 targeting 1765 which was the extreme of the previous Wave (B) of last Impulsive Wave A. Disclaimer: Elliott Wave Analysis is not a perfect trading system and it is necessary to always have applied risk management and strict compliance to confirmation as well as Invalidation levels. It only has the capability of advancing potential market direction base on its printed data. Actual market data will also provide flexible variation for the wave count. Risk only base on your tolerance. #marketpainterph #elliottwave #XAUUSD #GOLD
OANDA:XAUUSDShort
by marketpainterPH