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Wave Analysis

NVDA - Wave 4 Complete? Let's Take A Look!Hey nerds! Alright, so here's the deal. In one of my previous updates, I discussed the 161.8% extension target which is the high probability target for a wave 3 and we hit it basically perfectly. Now that we've hit that target, mixed with channel resistance, I would have expected price action to pull back, which it did. The pullback target for wave 4 (at the 38.2% internal retracement) was about $118 and after earnings, NVDA went below that. Not trading advice, but I was a buyer down there in after hours. Price action yesterday was bullish at the open with a big gap up but was met with heavy selling. There were lots of options traders holding calls and if you don't know what you're doing, you probably will be holding worthless options today. Trading options on earnings is a tricky thing to do if you don't know what you're doing, so be careful! Now that we're here, I can say my target for NVDA is roughly $140, as long as we can stay above the $117/$118 level in the coming days, especially today. Continued support there will be important for a wave 5 move. September is typically bearish but not always. It may not get really bearish until after OpEx later in September, but I've seen labor day sell-offs in the past. One day at a time. Be methodical. Have patience. Don't overleverage yourself.
NASDAQ:NVDALong
by bitdoctor
BTC : HARD DROP Likely BEFORE New ATHHold on to your horses - in today's analysis we're going to do a really deep dive on Bitcoin, the altcoin market (TOTAL 3) and Bitcoin Dominance (BTC.D) Make sure you watch all the way until the end to reach the final conclusion! In this video, I systematically point out two main reasons why the corrective phase isn't over, as well as what could possible happen NEXT based on the rotations between alts and BTC. COINBASE:BTCUSD COINBASE:BTCUSDT CRYPTOCAP:BTC CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D For months I've been anticipating a multi-month corrective pattern, before another impulse wave up which I believe leads us to our final all time high (ATH) for this bullish cycle. Although I've said "multi-month" quite a few times... who knew it would be such a drag! I nearly thought BTC was ready to turn towards the upside, but after THIS* happened (together with the analysis in the video) it's likely we're still heading lower: *https://www.tradingview.com/chart/BTCUSD/h2bMes4J-BTC-FINALLY-Bullish-BREAKOUT/ THIS* is referring to my update on BTC two days ago, where it seemed like a bullish breakout. At this point however, the price is not able to hold the support zone (which was the condition I listed) and therefore it's likely a fakeout. If you're looking for the idea I referred to in the analysis on the Altcoin dump find it here:👇 _________________________________
CRYPTOCAP:BTC.DShort
by CryptoCheck-
Powell Says "We're Cutting Rates" - S&P Performance MixedA nice alignment comparing SPX, NDX, RUT with the Fed Funds Rate showing when the FED raises rates and cuts rates and how it impacts the indexes. 1995 Cut Cycle - S&P Higher 1998 Cut Cycle - S&P Higher 2001 Cut Cycle - S&P Lower 2007 Cut Cycle - S&P Lower 2019 Cut Cycle - S&P Higher (but after 30-40% COVID Crash) Nobody knows how this cycle will impact current markets, but we're about to find out. September 18 = 1st cut since 2019 (pre-COVID) and we've seen some impressive booms and busts since 2018. It's pretty remarkable really. The bull markets seem unhealthy, and the bear markets seem more violent and aggressive, but end sooner. How great or how nasty does it get? Let's figure it out and trade accordingly.
NASDAQ:NDX
by ChrisPulver
Crypto and Bitcoin Market Update - Price Forecasts and MoreIn this video, I cover where I think the markets go next, including Bitcoin, ETH and Solana. And how the NASDAQ:IBIT has become similar to the !CME in terms of how price tends to fill any gaps. Nobody else is talking about this, but see for yourself and start tracking the IBIT gaps on a 4 Hour chart -- You'll be amazed. I also share potential paths, likely a dip first, then push higher toward ATH. And a new study I've been refining based on liquidity and timing cycles, showing we're very close to a major move upward in Bitcoin and the rest of the market. Howerver, I feel the biggest bang for your $ will be BTC, SOL, and ETH from here. Let me know what you think, and please like the video.
Editors' picks
COINBASE:ETHUSDShort
by BrettFogle
9
Mag 7 Drags Down Large Cap - Potential Index Wedge FormationsThanks for checking out the video today. It was a reasonably nice selloff today, led mostly by the Mag 7 stocks. All US Indexes were in red, Nasdaq taking the worst of it around -1.60% lower. Powell on tap for Friday with Day 2 at Jackson Hole. The market is oh so curious if the FED will cut 25 or 50 bps in September and we have plenty of news to digest prior to the official September 18 FOMC Meeting and Press Conference. If Friday Aug 23's trading day pushes lower and helps balance out the aggressive bull moves from August 5's bottom, we could see a nice wedge pattern in the works - lower highs / higher lows. Watch the S&P Daily 200 SMA or 200 EMA for some dynamic support. It will be interesting to see if the bulls and bears both get what they want with prices on the move through September with volatility returning to elevated levels > 20 perhaps. Thanks for watching!!!
AMEX:SPY
by ChrisPulver
Solana : WHICH WAY Could it go??Solana was one of my TOP PICKS for alts in 2024. Second to Ethereum, the SOL space keeps growing as more and more dApss are being built on SOL. The market cap for Solana is looking healthy, after recently peaking at $93B: This is an incredible achievement, and I expect the market cap to continue to grow in the longer time. Naturally, we can expect SOL to continue growing when the price of BTC starts another impulse wave up. My thoughts on that HERE👇: Until then, don't lose hope just yet! December is usually a great time for the crypto markets. _________________________________ CRYPTOCAP:SOL COINBASE:SOLUSD
COINBASE:SOLUSD
by CryptoCheck-
What Wall of Worry? Path of Least Resistance for NowI reviewed an interesting study Tuesday about V bottoms. Over 20 years of data showing the average "V Bottom" takes nearly 1 year to come back and get into positive territory. The fact that all US Indexes and many stocks have done this in 10-15 trading trades is pretty remarkable. Will we more path of least resistance at all-time highs or will we see resistance actual hold for a beat. All US Markets closing green today, Russell 2000 led the indexes today with +1.30% DXY hitting fresh lows, but 101 and 100 are major technical support levels that I'm watching. Review at your convenience. Thanks for watching!!!
CME_MINI:ES1!
by ChrisPulver
2
SPX - Historical View vs Current ViewSlightly longer video today. If you're not interested in the historical view, you can start roughly half way through. The SPX is certainly starting to show even more signs that we're in a phase where something is ending. On higher timeframes, there are potentially several more years ahead of upside, and trying to catch tops can be a fools game, so take great care if you are hedging positions. The 50 DAY SIMPLE MOVING AVERAGE (SMA) is the key here. We found support on that in late July, then broke down in early August and we broke the 100 day SMA as well. This showed significant signs of weakness, however we made several tests of that 100 day moving average and broke above it. It appeared we would also break back down when we approached that 50 day SMA, but the very next day, there was a significant gap that was formed. Gap and go - so far we've continued moving up from there. Yesterday was the first red day in 6 trading days and we've basically been trending up ever since the bottom on August 5th. As long as we keep trading above that 50 day SMA,I think generally speaking markets will continue to climb a bit. IF we break through new all-time-highs, the next logical target would be about 5900, which I would expect significant resistance as that is a highly anticipated algo target from a fibonacci extension standpoint as well as a nice round psychological number. One day at a time. Have a great day. :-)
TVC:SPXLong
by bitdoctor
SPY/QQQ Plan Your Trade For 8-21 : Top Pattern Today.I expect the SPY to move into a moderate bullish price phase, attempting to peak somewhere below 561-563, then roll into a moderate downward price trend - possibly ending the day near 553-556. Why do I expect the SPY to roll to the downside after peaking today? My SPY Cycle Pattern shows a TOP pattern today. Top patterns usually start with a moderate uptrend, leading to a peak in price, followed by a moderately sustained pullback/downtrend. The 553-556 level is the nearest moderate support level. The 561-563 level is just above yesterday's high and well into the SPY upper GAP window, which will likely act as resistance. Buckle up because we are moving into at least 2~3 days of trending sideways before transitioning back into the rally phase. Gold may attempt to move above $2570 today. Bitcoin needs to find support, otherwise a breakdown in price in likely over the next 3+ days. It should be fun to see how things play out this week.
AMEX:SPYLong
by BradMatheny
BITCOIN $59000 MACRO Update: Wave4 CorrectionBITCOIN $59000 MACRO Update: Wave4 Correction 1-Resistances: A) W21ema (~$61,000) is providing an immediate resistance. A break above 67K (If the the W21e is taken out), could resume the bullish momentum for the wave5 of the macro trend. 2-Supports A-Support zone to watch going into Q4: 53-50K (W50ema-M21ema support on average). The M21e is at 47k, however bulls could front run it. 3-M21ema Must Hold 3) Bulls must find support at the M21ema in order to avoid price closing below it, which could trigger more panic selling
COINBASE:BTCUSD
by Sen_Crypto
BANDUSDT Elliott Wave BreakdownIn this video, we conduct an in-depth analysis of BANDUSDT, examining its price action across multiple timeframes. By applying Elliott Wave theory, we aim to map out the potential future price movements and identify key turning points in the market. Additionally, we integrate insights from the Smart Money Concepts indicator, which provides us with a clearer understanding of market dynamics and potential zones of interest. This comprehensive approach allows us to develop a well-rounded trading strategy for BANDUSDT, balancing both short-term and long-term perspectives.
Long
by CryptoPAMM
2