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Wave Analysis

Bitcoin - 100 Billion $ Historical Liquidations | ALL TIME HIGH!Bitcoin is only a very small step away from reaching a new all-time high. On the following chart, we can see high leverage liquidity from traders around the world. The most liquidity is around 70k - 73k. Over 100 billion dollars are ready to be liquidated! How is this possible? Most people have their liquidation price exactly around this level on their short positions on futures. They believe the market will go down, but as you know, liquidity can be a very sweet spot for whales; of course they want all orders. From a technical perspective, bitcoin is forming a bullish pennant, and we have a strong bullish Elliott Wave combo (impulse wave + zigzag wave (1+2)). Wave 3 is in progress. Bitcoin will most likely experience a massive flash pump, now it depends on whales - will they take the liquidity for their sell orders or let it be to push the price higher? What do you think? Let me know in the comment section. 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!
BITSTAMP:BTCUSDLong
by Xanrox
70
Dogecoin - Get In Now Before It Hits $10!Dogecoin ( CRYPTO:DOGEUSD ) is about to repeat another bullish cycle: Click chart above to see the detailed analysis👆🏻 Dogecoin just broke out of the previous bear market triangle pattern and is starting its next major bullrun. Looking at market structure, price action and previous cycles, Dogecoin could even hit two digits after is manages to break above the all time high. You know what's possible. Levels to watch: $0.1, $0.2, $0.5, $10 Keep your long term vision, Philip (BasicTrading)
CRYPTO:DOGEUSDLong
by basictradingtv
30
FET Ready For a Brake Out?Crypto has been trading sideways for months. We have seen some significant retraces with plenty of upside available without even braking previous highs. This is a daily chart and looking at the time aspect of our gann box there is near perfect proportions with each pull back and now reaching the end of the projected cycle. Looking at the wave trend oscillator we can also it has rotated to the down side and approaching the time range to rotate back to the upside. Current Trading Plan is to target the $2.50-$3.00. This is a conservative short term target with oppertunity for much higher highs. Trade Well.... Your Friend, Degen
Long
by Degen-Dynasty
BTCUSD to 98k maybe beyondI have been bullish BTC for a very long time. To be honest the money has been dead for quite a while and I could have made a lot more profits trading and investing elsewhere. The idea was always to hold until we reached $100k and with a decent close in October we may get a chance to see that big round number in 2024. Plan B says we should hold for ~18-months after the halving and Michael Saylor would say we should double up because the train ain't stopping anytime soon. Raul Paoul says we're in a Banana Zone but as I can't pay taxes in BTC as of today or any time soon, I am going to take my cash and go in the coming months if we hit my target.
CME:BTC1!Long
by Macrobriefing
NIFTY : Trading Plan and Levels for 30-Oct-2024 Intro: On the previous trading day, Nifty demonstrated a robust recovery from the exact level that mentioned as last intraday support in yesterday plan, with the price reaching new resistance levels and showing strong buying momentum. Key zones have been established for tomorrow's session, with yellow indicating a sideways trend, green showing a bullish trend, and red representing a bearish trend. Here’s a strategy based on different opening scenarios. Trading Plan for 30-Oct-2024 Gap Up Opening (100+ points above) If Nifty opens with a 100+ points gap up, it is likely to encounter resistance near the 24,564 level, marked as the Resistance for Sideways/Retracement at BoS zone . If the index sustains above this level, we could see an upward movement toward the Profit Booking Zone around 24,758 . However, if it fails to hold above 24,564 , expect a retracement towards 24,485 or the Opening Support level at 24,409 . – A strong reversal from the resistance levels could lead to a test of the Buyers Support at retracement at 24,312 . Flat Opening (within 50 points of the previous close) With a flat opening, focus on the price action near the 24,454 level. A breakout above 24,485 could initiate a bullish run towards 24,564 and eventually towards the upper resistance level at 24,758 . However, failure to maintain momentum above 24,454 could result in a sideways pattern around 24,409 (Opening Support) or even a potential downward trend towards 24,312 . – A break below 24,312 would indicate further weakness, aiming for the Last Intraday Support at 24,214 . Gap Down Opening (100+ points below) In a gap-down scenario, Nifty is likely to find initial support at 24,312 . If this level holds, there might be a bounce back towards 24,454 . Sustaining above 24,454 could shift the sentiment towards bullish, aiming for 24,564 as the next resistance. However, if 24,312 fails to provide support, expect further declines towards the Last Intraday Support at 24,214 . – Any continued weakness below 24,214 could lead to additional selling pressure. Risk Management Tips for Options Trading For options trading, keep position sizes manageable, especially on high-volatility days to reduce exposure to unexpected swings. Use trailing stops to protect profits, particularly when the index approaches major resistance/support levels. Consider deploying options spreads to limit risk, especially if the market appears choppy. Summary and Conclusion For 30-Oct-2024, the primary focus remains on the 24,564 resistance level and 24,312 as a critical support. A flexible approach to price action around these zones, combined with disciplined stop-losses, can help manage risks effectively. Monitoring the initial price action is essential to gauge the trend for the day. Disclaimer: I am not a SEBI-registered analyst. The analysis above is based on technical levels and reflects my personal viewpoint. Please perform your analysis or consult a financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
Stand pat!Hey guys and girls, Here is an updated chart from my (Nov 12, 2023) post As you can see, this is only half of the battle! Further targets: $ 74k, $ 84k, and $ 100k Appendix: Structure: 5-3-5 (Inverted) Bitcoin halving countdown: 49 Days Technical Section: Wave 5 has two different relationships: 1- If wave 3 is less than 161.8% of wave 1 -----> the 5th Wave overextends itself. 2- If Wave 3 is greater than 161.8% of wave 1 -----> Wave 5 = 100% , 161.8% or 262% of wave 1
KRAKEN:BTCUSDLong
by BTC-XLM
115
BANKNIFTY : Trading Levels and Plan for 30-Oct-2024 Intro: On the previous trading day, Bank Nifty exhibited strong upward momentum and achieving all the targets that mentioned in yesterday's Trading plan, testing new resistance levels with limited retracements. Key zones have emerged for tomorrow, with a mix of potential sideways, bullish, and bearish trends. The chart highlights yellow as the trend indicating sideways movement, green for bullish trends, and red for bearish trends. Here’s a trading strategy based on different opening scenarios. Trading Plan for 30-Oct-2024 Gap Up Opening (200+ points above) If Bank Nifty opens with a 200+ points gap up, it is likely to encounter resistance near the 52,849 level, marked as the Resistance for Sideways . If prices sustain above this level, we could see an upward movement towards the Strong Resistance / Profit Booking Zone at 53,174 . However, if it fails to maintain above 52,849 , expect a retracement towards 52,409 or even back to the Opening Support level at 52,160 . – If selling pressure increases at these levels, there is a possibility of the index dropping towards the Intraday Support for Sideways at 51,955 . Flat Opening (within 100 points of the previous close) With a flat opening, focus on the early price action near 52,287 . A move above 52,409 could trigger a bullish run toward 52,849 . Watch for consolidation or resistance in this zone; if it breaks above, the next target could be 53,174 . Alternatively, failure to hold above 52,409 could lead to a test of 52,160 (Opening Support) and possibly a downward trend toward 51,955 . – A breakdown below 51,955 may signal additional selling pressure, testing levels as low as 51,615 . Gap Down Opening (200+ points below) In a gap-down scenario, Bank Nifty will likely find immediate support at 51,955 . If it holds, there may be a bounce back toward 52,287 to regain momentum. A strong recovery above 52,287 could shift the sentiment back to bullish, aiming for 52,849 as the next resistance level. However, if 51,955 fails as support, expect further declines toward 51,615 . – Any sustained weakness below 51,615 could accelerate bearish trends and lead to more downside. Risk Management Tips for Options Trading Position sizing is crucial in options trading; avoid over-leveraging on volatile days. Utilize trailing stop-loss orders to lock in profits on favorable trades, especially if volatility increases near key resistance/support levels. Consider the use of spreads to minimize risks and protect against sharp directional moves. Summary and Conclusion For 30-Oct-2024, the focus remains on 52,849 as a major resistance level and 51,955 as a critical support. Trading with a flexible mindset and adhering to defined stop-losses can help manage risks efficiently. Keeping an eye on early price action can provide direction for the rest of the day. Disclaimer: I am not a SEBI-registered analyst. The above analysis is based on technical levels and reflects my personal perspective. Always conduct your own analysis or consult a financial advisor before making any trading decisions.
NSE:BANKNIFTY
by LiveTradingBox
Aleph Zero - From Correction to New Highs?At Vital Direction, we’ve closely analysed Aleph Zero’s market trajectory and believe it’s currently in the final stages of a correction pattern, specifically an ABC sequence that began following the cryptocurrency’s previous peak at $3. This ongoing corrective phase, in our assessment, is likely to culminate around January 2025. Breaking down the ABC correction, we identify Wave A as an impulsive 5-wave decline, marking a foundational shift in price direction. Subsequently, Wave B appears to have manifested as a contracting triangle, forming an ABCDE structure. Since Wave B’s conclusion, Aleph Zero has progressed into Wave C. Within Wave C, we observe 4 completed sub-waves, with the 5th and final wave currently in motion, heading towards its anticipated end. We project that Wave 5 will reach completion around early January 2025, with a price target range between $0.18 and $0.30. Once this bottom is confirmed, we believe Aleph Zero has the potential for a powerful rebound, potentially reaching a new all-time high near $5. This anticipated movement presents a promising opportunity for investors eyeing the crypto market’s next major shifts. As always, stay tuned for further updates and refined targets as the chart unfolds. For full insights and real-time updates, be sure to check the links in our signature.
by VitalDirection
APE will 10x in 2025, best time to buy now! (here is why)APE is definitely one of the most legendary NFTs on the crypto market, that's why you can be pretty sure that this coin will skyrocket in the near future! We already saw a pretty significant pump last week, and this pullback gives all market participants a great opportunity. Now you really cannot say that you missed this cheap price! So why is APE ready? On the chart, we can see a huge bearish pullback, this is really classic on crypto, nothing to be afraid of. The price is only retesting the previous ascending parallel channel and is currently approaching my buy zone. If you read this and you don't have any APE coins, you can feel really lucky for this pullback. From the Elliott Wave perspective, this coin is currently in major wave 3. Usually wave 3 is the strongest of all of them. I expect a minimum of 10x profit in 2025, but can go even much higher than that as FOMO may kick in. But let's be realistic for now. 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!
Long
by Xanrox
28