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Wave-5

Compound next price targetAfter correcting above the trendline 525. Price will first either either correct to 600usd. If this happens several possibilities will unfold. 1st a 3-wave pattern triangle might form to quickly give d market a push above 600, then straight way to next target. 2nd, if by chance it fails due insufficient liquidity, might descend to form an ascending channel of 3-5wave pattern, a rectangle of which a breakout will terminate the pattern to move to target. Lastly price moves so fast to target, it's gonna need a lot of bullish pressure to keep it above target of which if d buy orders keep on limiting will result in a mini crash to complete d correction it suppose to have done at 525. This will bring us to the beginning of a new market pattern of descending triangle between target and breakout of which may be continuous or discontinued by a divergence leading to another Elliot wave case event. In summary, a breakout candle is okay to which a bare correction will be needed to satisfy Elliot wave be heading to target. A slight correction is better which will move price to target and leading higher price target.
Long
by profit_hunter259
WAVES - Don't Miss This 2/3x Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow. WAVES is sitting around a strong demand zone and round number 10.0 so we will be looking for buy setups. on DAILY: WAVES formed a double bottom pattern but it is not ready to go yet. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? Trigger => Waiting for a momentum candle close above the gray neckline to buy. Meanwhile, until the buy is activated, WAVES would be overall bearish can still trade lower till the 10.0 before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
WLong
by TheSignalyst
26
bearish wolfe wave BTCUSD Bybit I see a bearish wolfe wave at bitcon. The Gundstruktur stands already, we have the High-Low-HH and HL, in the overbought area we were also already and have respected the limit for now. In addition (not to be seen on the chart) we are in a strong resistance zone. For more than 80 days, we are in a range after the big sell off in mid-May. I doubt that we will break out of this without pullback to the top. The target would be matching the middle of the range. Definitely worth a trade.
BYBIT:BTCUSD.PShort
by UnknownUnicorn9344165