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Wave Analysis

Bitcoin - Last stage of the pump! (sell here and wait 50% crash)Bitcoin is in the last stage of the bull run. Buying Bitcoin at 93,000 is not worth it for the long term because you will be able to buy it cheaper in 2025/2026 at the price around 60,000-50,000. The moon boys are back and everyone is very bullish; that is usually a sign of a cycle top. Bitcoin always moves in significant cycles and is highly volatile. New people don't know it, and their finances get completely ruined with each bearish cycle. Let's look at the technical analysis. Always start with simple trendlines. We can draw a very nice trendline starting from wave (1) -> wave (3). These 2 points are significant swing highs. This gives us a current profit target of 107,000 USD in December 2024. Next, what we want to do is look for the Fibonacci extension levels. As per Elliott Wave analysis, we are in the last wave (5), You want to draw the fibonacci extension from the start of wave (1) to the end of wave (3) and the second point will be the end of wave (4). This also gives us a profit target of 107,000 USD! This is not random; this is pure skill. 95% of retail traders don't use the Fibonacci extension tool, and among the 5% of users, 95% of them don't know how to use the tool properly. I know how to use it properly with the Elliott Wave theory, as I have been trading crypto for almost 10 years. Enter a short position at 94,500, first profit target 92,480, second 91,062. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Short
by Xanrox
40
Hellena | Oil (4H): Short to 100% Fibo lvl 62.238.Colleagues! If we believe the wave pattern, the price is now in a strong impulsive downward movement. I believe that the price will renew the lows and rush to the area of 100% Fibonacci extension to the area of 62.238. Wave 3 lower wave should be completed there. But we should not forget that the price is in wave 3 of the higher and middle order, which means that there are more chances for a downward movement! There are 2 possible courses of action: 1) The riskier one is to open a short position on the market. 2) Conservative - wait for the price to rise, and enter with less risk. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
23
Bitcoin Dominance AnalysisBitcoin Dominance Analysis Bitcoin's market dominance is climbing steadily, currently at 59.4%, marking a 2.30% increase. This trend highlights Bitcoin's strengthening position in the crypto market. Here's a detailed look at the data: Bitcoin’s Dominance (BTC): Current Value: 59.4% – Bitcoin continues to outpace altcoins, with a solid upward trajectory. Historical Context: Yearly High: 60.0% (Nov 14, 2024). Yearly Low: 49.6% (Jan 19, 2024). Ethereum’s Market Share (ETH): Current Value: 12.1%, down 1.70%. Ethereum's share is declining, reflecting Bitcoin's growing dominance over the broader crypto ecosystem. Other Altcoins (Others): Current Value: 28.5%, a slight dip of 0.60%, indicating that altcoins are losing ground as investors focus on Bitcoin. Strength of BTC’s Rally: Bitcoin dominance is moving closer to the critical 60% threshold, signaling increased confidence among institutional and retail investors. Altcoin Season Delayed?: As Bitcoin dominance rises, funds may flow out of altcoins. This suggests a delay in a potential altcoin season until BTC stabilizes. When BTC dominance peaks, it often precedes significant moves in altcoins. A reversal of dominance could signal new opportunities in the altcoin market.
CRYPTOCAP:BTC.DLong
by VIPROSE
6
GOLD → Market confirms downtrendFX:XAUUSD is testing resistance of a key descending channel. Bears continue to resist based on important fundamental aspects of the global economy Fears of further geopolitical escalation between Russia and Ukraine are likely to subside a bit. In addition, the Fed speech will help determine the U.S. central bank's future path on interest rates. Attention is focused on the December rate meeting.... Technically, the gold confirms the downtrend channel, so we have a key trend to follow in our trading decisions. A false breakdown of the local resistance at 2627 is forming. Consolidation of the price below this zone may provoke further decline Resistance levels: 2627, 2643 Support levels: 2694, 2560 Another resistance retest is possible. It will be possible to talk about buying after the price will be able to break 2643 and consolidate above this zone (additional scenario). But in priority I consider further decline from 2627 or from the channel resistance Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
7
Bitcoin Roadmap==>>BTC will touch $87,000!?After re-entering the Potential Reversal Zone(PRZ) , Bitcoin( BINANCE:BTCUSDT ) started to decline .The PRZ I drew ✅works fine✅. According to the Elliott wave theory , it seems that main wave 4 can continue . Most likely, its structure can be a Double Three Correction(WXY) , so Bitcoin is completing microwave Y of the main wave 4 . We can confirm this wave count after breaking the Support lines . Considering Bitcoin's downward momentum , I expect it to break the Support lines in the coming hours and at least decrease to the Support zone($86,700-$85,000) . Educational tip : We can confirm the descending channel if Bitcoin rises again from the Support zone($86,700-$85,000). ⚠️ Note: If Bitcoin touches $91,500 again , it could form a new All-Time High(ATH) .⚠️ ⚠️Note: If Bitcoin loses the Support zone($86,700-$85,000), we should expect a further decline in Bitcoin.⚠️ Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
45
Litecoin LTC Will Surprise You!Hello, Skyrexians! According to your activity we can see that you are interested in old altcoins. We have already considered DOGE and XRP, today it's time for COINBASE:LTCUSD . In our opinion Litecoin can show the best performance in this bull market. Let's take a look at the weekly time frame. We can see that bull run in 2017 was the global impulsive wave 1. After that price is going sideways for 7 years! We assume that this is global wave 2 in shape of flat correction which has the clear ABC structure. This wave has been finished inside the 0.61 Fibonacci retracement level. Current price action looks like pre-pump formation. We can see that Bullish/Bearish Reversal Bar Indicator printed the green dot recently. As you can see in the past this is very strong signal which will likely lead to a great uptrend. This uptrend is going to be global wave 3 which has the targets between 1.61 and 2.61 Fibonacci levels at $740 and $1200. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
COINBASE:LTCUSDLong
by Skyrexio
18
Solana - Finally Initiating The Bullish Breakout!Solana ($CRYTO:SOLUSD) is finally breaking above the highs: Click chart above to see the detailed analysis👆🏻 In the end of 2023, Solana create a so called reversal triangle breakout and rallied more than +1.000% over the past couple of months. However looking at the current all time high breakout rally, this might still just be the beginning of the next massive Solana bullrun. Levels to watch: $200, $500 Keep your long term vision, Philip (BasicTrading)
CRYPTO:SOLUSDLong
by basictradingtv
2
Hellena | GOLD (4H): Long to resistance area of 2646.Dear colleagues, I believe that the price will complete the correction very soon and the upward movement will start. I think that wave “C” is almost complete. The support area is quite wide (2512), because it is from these levels we should make a conservative entry into a long position. But there is a possibility that the price has completed wave “C” at 2537. In this case, the upward movement has already started. I am still inclined to the fact that the price will renew the minimum, but the target in any case is the resistance area of 2646. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDLong
by Hellena_Trade
10
Bitcoin BULLRUN is melting facesBTC has confirmed the onset of a bull run, with price action now confined within a robust ascending channel, projected to guide movements throughout the remainder of the current market cycle. A sharp corrective move toward the immediate buy-back zone is anticipated, offering an optimal entry point for buyers. Key targets have been meticulously outlined on the chart, providing a clear roadmap for both short-term and extended projections. Congratulations to all who have been tracking our Bitcoin updates; achieving this milestone is a significant achievement for our community.
Long
by weslad
5
Bitcoin - Time to buy again!When I was looking at the Bitcoin chart on the one-hour time frame, I noticed an ascending triangle which I have shown on the chart. Additionally, Bitcoin is currently in an ascending channel. Each of these can be a strong signal, but before we get excited, let's wait for the triangle to break. Otherwise, we cannot say that Bitcoin is bullish. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
4
EURCAD Poised for a Rebound From The Support ZoneEURCAD Poised for a Rebound From The Support Zone Yesterday, the price broke down from a Head and Shoulders pattern, moving down nearly 100 pips. EURCAD is about to test a strong support zone near 1.4700 - 1.4720. The support zone and an empty Economic Calendar could provide an advantage for the price to rise again, as shown on the chart. Targets based on the structure zone are: 🎯 1.4765 🎯 1.4792 🎯 1.4830 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
4
EURUSD → Consolidation “flag”. Willingness to go below...FX:EURUSD is forming a consolidation in the “flag” format, the purpose of which, in the current situation, is to accumulate the potential for continuation of the trend... Fundamental background is still negative. On D1 we can clearly see the consolidation below the key level of 1.0600 after a strong fall. There is no proper and logical reaction in the form of a pullback. Accordingly, based on this we can conclude that the dynamics and strength of the buyer is not enough to reverse the local situation. The dollar is starting the recovery phase again, which may put pressure on the euro. Technically, the emphasis on consolidation “flag”. The exit of the price from the boundaries of this channel will provoke further movement. Resistance levels: 1.0606 Support levels: 1.0521, 1.044 It is not worth trading inside the flag. The exception is a retest of resistance. Opening an order is acceptable after a false breakout. But, the emphasis is on 1.052. Breakout and fixing of the price below this zone can strengthen the fall Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Short
by RLinda
4
Toncoin ($TON): Bullish Setup on 3D Chart#Toncoin ( CRYPTOCAP:TON ): Bullish Setup on 3D Chart 📈 Toncoin is forming its second bullish pennant, signaling a potential continuation of its uptrend. A breakout could see targets of $6.10, $8.00, and $10.00. Watch for volume confirmation and strong momentum to validate the move. 🎯 Key Levels: $6.10 (initial target), $8.00 (mid-term), $10.00 (long-term). 📉 Support: A dip below $5.00 may invalidate the pattern. Keep an eye on the breakout for trading opportunities! 🚀
Long
by VIPROSE
2
$SPY November 20, 2024AMEX:SPY November 20, 2024 15 Minutes. AMEX:SPY had a gap down. But did not break the recent low of 583.86 which I have taken as the starting point for current move. It took support at 200 averages in 60 minutes and started to move up. Noe for the move 583.86 to 589.49 to the fall 584.02 the first target is 592-593 levels as in box. In 15 minutes, we have 9,21,50 and 100 averages consolidated. So, for the rise 584.02 to 591.06 holding 586-587 levels, we target for 592-593 levels. 592-593 is important because it is also 61.8% retracement for the fall 599 to 584 levels. It is also 20 averages in 15 minutes. Hence, I expect a consolidation to happen between 591-593 levels today for a move tomorrow or Friday.
AMEX:SPYLong
by RiderTrader
3
Selling Opportunity setup -NVDAIn general me and my brother, we are long on NVDA, but since we noticed multiple red flags, we believe that in the short term there are more odds in favor of a correction than a continuation. We take the upcoming earnings as a trading event and we access the risks versus the potential upside return. Our trading system gave us a signal for a long entry on the open of 19 November 2024. We will now show you the red flags: #1 Pattern similarity Feels like we traded this pattern before, see the current pattern of Nvidia VERSUS an old pattern of the SPY: You can clearly see, that there was a correction and a long sideway action, then the price did a NEW HIGH on a small upward channel of higher highs and higher lows. #2 Not the right volume pattern You would expect that when the price is rising and makes a new local highs, the volume will increase on the upside, but there is a rise on shrinking volume. Also most of the relative large volume is on the red bars down on the selling side. Let us do the following thought experiment, if a small edge fund wants to book profit on NVDA which I am sure such an edge fund exists since we are at all new time highs, they would put sell orders so a big edge fund will fill them and they will book a profit. This should be manifested as a large spike in volume, especially when the stock reached a new all-time high twice. But we did not see any spike in volume! This means as Jesse Livermore liked to put it, the stock is not acting right ! We wanted to see Nvidia making a new high on large volume and push forward to $180 as analysts forecast, but it didn't. We suspect that the rising in price, is a retail activity being allowed by the puppet master, so the puppet master could sell out Nvidia as high as he can. Hence he is the Master, and the public is the puppet. They are being played to believe that Nvidia will get to $180 right now. Somehow we feel it's a red flag, that NO VOLUME is entering the market on a rising price. This COULD happen in a case where all the market and public are so bullish on Nvidia that everyone just lifted up all their sell limit orders to $160 plus, so this explains the non existance of volume. However, the odds are not in favour of this behavior since it is not normal human behavior of profit taking. #3 No shakeout of the public Previously the market shaked out all the non believers, but now, they just let the stock price chip its way up with higher highs and higher lows to reach $150 but not break it? ... No stop loss hunting to get liquidity from the market? looks suspicious. #4 Options Chain Large Size on the long side (calls) At first we wanted to buy options to the long side, but since we saw we were less likely to profit from it since IV (Implied volatility) is 100%+ it made the options prices too expensive, and no room for a reasonable profit. The day after earnings, the IV will drop dramatically and we saw in our indicator that it is a losing bet UNLESS it will actually reach $180 after earnings is released and we are skeptical about it. See the options volume leaders: You can clearly see that Nvidia is a leader of sold call options above $150 (open interest). I don't know if you read the options book, but statistically most options end up worthless... This is how the market makers make their money... and it is profitable... to collapse the price of the stock... by selling hardly the stock... so all those options will end up worthless... Because it is PROFITABLE to make them worthless, we somehow find it hard to believe they will let all those options become at the money by a price jump to $180 right now as analysts say it expects to go. Because this means they will lose lots of money on those sold OUT OF THE MONEY options. There are substantially more amounts of Calls than Puts. (1.61 ratio). The volume of options is crazy, this is serious money. The options in the interesting prices ($150 for example) are 4 times larger calls than puts. There could be a possibility that if the market sentiment of Nvidia is so bullish that they can't sell the stock down, they will have no choice but to edge themselves, and buy the stock itself which will ultimately drive the price of Nvidia up. We estimate this low in likelihood, given recent other earnings that pushed the stock prices down when the earnings are released after hours. So what can you expect next? You can expect this for sure: If the post-earning movement will be to the upside, your portfolio of other stocks (the market) will not gain the same amount of return. If the post-earning movement will be to the downside, since all the indexes will get hurt (due to high weight of NVIDIA), the whole market will get HURT, so NVIDIA loss will be reflected also in other stocks in your portfolio. THE SELLING SETUP is to wait for NVIDIA to crush on earnings so it will crush the market, and then it is the happiest day for DAY TRADING ! to the short side... Since, the odds for short on the post-earning day, are very high, and it is like a present from the market, since you can prepare yourself to it by waiting for the money to be on the floor, so you just pick it up.
NASDAQ:NVDAShort
by ZoharCho
8
Bonk on the move in the 3rd wave Hello traders! this is the first time i publish idea! Accourding to my wave count we are in the middle off the 3rd wave off the 3rd and the first wave is completed off the 3rd. As you can see i put some lines as some support and my target for the 3rd is 261.80% measured from the bottom off the whole move. Is it going to blast through or stopp were i put the yellow line? it will be fun to see later when i come back later on. This is not about being right just for entertainment only! The chart is always going to do its own thing why not enjoy it as well and just see? If it stopps att the yellow line thats a profit off 517%! Right now we are half way through This is not financial advise! You should always do your own count! Have a nice sunday! H
Long
by Voltarre
5
US100 Awaiting Breakout for Next MoveUS100 Awaiting Breakout for Next Move US100 has been stuck between 20307 and 20605 on the 60-minute chart. The accumulation so far is quite good, increasing the odds for movement in either direction. The best way to trade US100 at this point is to wait for the breakout to determine the next price direction. A move above 20605 should push US100 up to 20830 and 20950. A move below 20307 should push the price down to 20114 and 19945. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
CAPITALCOM:US100
by KlejdiCuni
1