Possibility of uptrend The uptrend is expected to continue up to the specified resistance range. Then, according to the behavior of the price in this range, possible scenarios have been determined.
Neo Wave
LUNA looks bearishIt looks like we have a big ABC, and wave B is a triangle that has ended.
Now we expect that the red range will not be lost and we will enter the big wave C.
Closing a daily candle above the invalidation level will violate this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
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ENA ANALYSIS (4H)It looks like we have a large diametric that we are now in wave E of.
Keeping the red range is expected to complete wave E.
It can also complete the F wave by maintaining the green range.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
NFP looks bearishIt looks like we have a large diametric that we are now in wave E of.
Wave E must have at least time to the vertical line on the chart.
Keeping the red range is expected to complete wave E.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SSV looks bearishFrom where we placed the red arrow on the chart, it looks like the bullish SSV wave has ended and is now entering a correction phase.
The correction pattern looks like a diametric as we are now in the middle of wave E.
We will look for sell/short positions in the red box.
The targets are marked on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ACE looks bearishFrom where we placed the red arrow on the chart, the ACE correction has started.
The pattern seems to be a diametric and we are now at the end of wave D.
By maintaining the red range, it can enter the E wave.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
APT looks bearishAPT seems to have completed a large degree triangle.
By maintaining the specified supply, it can drop down.
Short-term targets are green boxes.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ETHFI NEW UPDATEAfter the completion of wave A, which was a bullish rally, the price has now entered a correction phase.
The correction phase corresponding to wave B looks like a large diametric that we are now completing wave E of.
There is a green area on the chart, if the price reaches this area, we will enter a buy/long position
The target can be the red supply box.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
RNDR ANALYSIS (12H)RNDR appears to be inside a large diametric.
We now seem to be in the middle of the F wave.
We have a good support area to complete the F wave.
If the price reaches the green range, we will look for buy/long positions.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BLUR is still bearishThis analysis is an update of the analysis you see below in the "Related Ideas" section
In the previous analysis, we identified a falling triangle for BLUR
The E wave of this triangle has just finished and the main drop for the new pattern can start around here.
Considering that our triangle is a counter, the upcoming drop looks very heavy.
By maintaining the specified supply, it can move towards the targets.
Closing a daily candle above the invalidation level will violate the analysis
invalidation level : 0.4662
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ARK LOOKS BEARISHIt looks like we have a bear structure for wave B.
A large B wave looks like an ABC or more complex pattern.
We now seem to be in wave b of B.
By maintaining the specified supply, it can move towards the targets.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Elliott Wave Analysis on Bitcoin (BTCUSD)Elliott Wave Analysis on Bitcoin (BTCUSD)
Wave (I) and Wave (II) on Weekly Time Frame
Starting from the beginning of the Bitcoin chart, the first significant move up in price has been labeled as Supercycle wave (I). This wave represented the initial major bull run in Bitcoin's history, culminating in a peak, followed by a corrective phase, labeled as Supercycle wave (II). This corrective wave ended at the low observed in November 2022.
- Supercycle Wave (I): This wave exhibited impulsive characteristics with five clear subdivisions (waves 1, 2, 3, 4, and 5).
- Supercycle Wave (II): This was a corrective wave, taking the form of an ABC correction, and concluded in November 2022.
Wave (III) on Weekly Time Frame
Since the low of November 2022, Bitcoin has been unfolding Supercycle wave (III). This wave is expected to be a major bullish phase, often characterized by strong upward momentum and significant price increases. Wave (III) typically shows the following characteristics:
- Strength and Momentum: Wave (III) is usually the longest and most powerful wave in a five-wave cycle.
- High Volume: Accompanied by increased trading volume, indicating strong market interest.
- Impulsive Nature: This wave should subdivide into five smaller waves on a lower time frame, confirming its impulsive nature.
Subdivisions of Wave (III) on Daily Time Frame
Within the context of Wave (III) on the weekly time frame, we are currently analyzing the subdivisions on the daily time frame. The current structure suggests the following:
- Wave ((1)) of Wave (III): This wave is unfolding and subdividing into five smaller waves.
- Wave (1), (2), and (3) of ((1)): These waves have been completed.
- Wave (4) of ((1)): Recently completed around April 2024.
- Wave (5) of ((1)): Expected to breach the all-time high to confirm the start.
Current Status and Invalidation
- Current Status: Bitcoin is potentially in Wave (5) of ((1)) of Wave (III), which needs to breach the all-time high for confirmation.
- Invalidation Point: If the low of April 2024 (where Wave (4) finished) is breached, this would invalidate the current count. It would suggest that Wave (4) is still unfolding, possibly as a double correction.
Characteristics and Structure of Wave (III)
1. Wave ((1)): Typically the smallest wave but should be identifiable as a five-wave move.
2. Wave ((2)): A corrective wave, usually retracing between 50% to 61.8% of Wave ((1)).
3. Wave ((3)): Often the largest and most powerful wave, usually extends to 161.8% of Wave ((1)).
4. Wave ((4)): Another corrective wave, typically shallow, often retracing 23.6% to 38.2% of Wave ((3)).
5. Wave ((5)): Completes the impulse sequence, may extend or truncate but should be a five-wave move.
Conclusion
The Elliott Wave analysis on Bitcoin (BTCUSD) indicates a bullish market ahead, driven by the development of Supercycle wave (III). This analysis is based on the assumption that the low of April 2024 will hold, confirming the end of Wave (4) of ((1)) and the start of Wave (5) of ((1)). If this low is breached, the market might still be in Wave (4), unfolding as a double correction.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
LSK looks bearishIt looks like a bullish ABC is over and now price has entered a new pattern or wave D.
The supply range and the demand range have been determined.
The target of this drop box is green.
Closing a daily candle below the invalidation level will violate the bullish movement
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SFP looks super bearishFrom where we put the green arrow on the chart, it looks like SFP is completing a triangle.
It seems that we are at the end of wave C and the structure of wave C was a double hybrid.
It is expected to drop towards the green range for wave D.
Closing a daily candle above the invalidation level will violate the analysis.
invalidation level : 0.95
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
possibility of uptrend It is expected that the current upward trend will end at the specified resistance levels and we will see the beginning of the corrective trend.
If the index crosses the resistance range, it will be possible to continue the upward trend
correction It is expected that a trend change will be formed in the resistance range and the resistance trend line and we will witness the continuation of the correction process.
The specified time range can also be a guide to identify the range of roof formation
uptrend Considering the price structure and stabilization above the support trend line, it is expected that the upward trend will continue
correction It will be possible to continue the downward and corrective trend according to the specified paths.
It is expected that the price will not be able to cross the 78.6% level
check the trend The price is expected to fluctuate above the current support range and then the start of an uptrend. By crossing the resistance range, we can hope for an upward trend with more probability
change the trend According to the behavior of the price in the current support range, possible scenarios have been identified.
The downtrend is expected to continue up to the specified Fibonacci levels. Then the trend change will be likely
change the trend It is expected that the price will stabilize above the Fibonacci levels and then we will witness the start of an uptrend
correction It is expected that the correction process will continue until the support range, then according to the behavior of the indicator in the green support range, the continuation of the movement process will proceed according to the specified paths.
correction It is expected that the continuation of the corrective and fluctuating process will be formed according to the specified paths.
If the price above the support trend line stabilizes, the probability of the formation of an upward trend will be higher
