BITCOIN - Long Trade Update - Third-of-a-Third Wave Incoming...In this video, I share an update on the developments I've observed since yesterday as we prepare for a move higher in a third-of-a-third wave.
As price movements become smaller and sharper at lower degrees, identifying the correct count becomes more challenging.
That’s why I always consider bearish alternatives and play devil’s advocate. However, at the moment, I don’t see any conflicting signals, so it’s just a matter of waiting for the next upward thrust to begin from here.
Wave Analysis
Liquidity Grab Ahead? Why TRX (Tron) May Retrace Soon TRX (Tron) is currently trading near a significant resistance zone, aligning with the upper boundary of a descending channel on the 4-hour timeframe 📉. This area is likely to hold liquidity in the form of buy stops resting above the previous range highs. Given the broader downtrend and the strong resistance overhead, the price may retrace as it taps into this liquidity pool.
This setup presents a compelling short opportunity, with the expectation that TRX will reject this level and move lower, targeting support zones below. Traders should remain cautious and monitor price action closely for confirmation before entering a position ⚠️.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves significant risk, and you should consult with a financial advisor before making any investment decisions. Always trade responsibly! 🚨
Hang Seng Index Long: Super Bull Case?I did a short video about how entire chart of Hang Seng Index can also be interpreted as a Super Bullish case for Hang Seng Index, and generally the entire Chinese and Hong Kong Market.
This was originally my primary count which I then replaced with a combination (W-X-Y-X-Z) when I thought the risk-reward favours the short side. Now, I've switched back and dare myself to put up this super bull case again.
Note how shallow I had placed the primary wave 2. If I am right, then wave 3 is going to literally rocket up.
Dow Jones US30: Spotting a Potential Pullback Opportunity!📉 The Dow Jones US 30 is currently in a dominant bearish trend on the higher timeframes, but 📈 the 1-hour chart reveals a shift in structure with bullish momentum emerging. This could signal a potential short-term retracement back into the previous range, aligning with the 50% Fibonacci retracement zone. 🔄 There’s also a bearish imbalance overhead that may attract price action for rebalancing. While this setup offers a possible buying opportunity, ⚠️ it carries significant risk given the prevailing bearish sentiment. Stay sharp and manage your risk! 🛡️
Disclaimer
⚠️ This is not financial advice. Trading involves substantial risk, and you should only trade with capital you can afford to lose. Always conduct your own analysis or consult a professional before making decisions. 💡
Microsoft - A Little Lower And Much Higher!Microsoft ( NASDAQ:MSFT ) is about to retest strong support:
Click chart above to see the detailed analysis👆🏻
In mid 2024 Microsoft perfectly retested the previous channel resistance trendline and the recent weakness has not been unexpected at all. However the overall trend still remains rather bullish and if Microsoft retests the previous all time high, a significant move will most likely follow.
Levels to watch: $350
Keep your long term vision!
Philip (BasicTrading)
Will we see 170 on Solana ?Marked the important levels in this video for this week and considered a few scenarios of price performance
Important resistance is at 145, if this level will be broken, there will be chances to see 170 on Solana. In case the correction continues, support could be considered at the level of 120
Write a comment with your coins & hit the like button, and I will make an analysis for you
The author's opinion may differ from yours,
Consider your risks.
Wish you successful trades! MURA
Will we see 2,500 on ETH ?Added a little bit of information about BTC for previous video
Marked the important levels in this video for this week and considered a few scenarios of price performance
Etherum looks weak compared to BTC or SOL, strong resistance at 2k, if broken we may see a quick rise to 2300
Write a comment with your coins & hit the like button, and I will make an analysis for you
The author's opinion may differ from yours,
Consider your risks.
Wish you successful trades! MURA
Will Bitcoin break through the 95k ?Marked the important levels in this video for this week and considered a few scenarios of price performance
This week the price may break the resistance zones at 88k and 92k as the price has already got a reaction from the support zone
Write a comment with your coins & hit the like button, and I will make an analysis for you
The author's opinion may differ from yours,
Consider your risks.
Wish you successful trades! MURA
Elliott Wave Projection for BCH: Bearish Continuation Ahead?This chart illustrates an Elliott Wave analysis of BCH Perpetual Futures on Binance, indicating a potential downward move. The price structure suggests that BCH has completed a corrective wave and is now resuming its downtrend. The prominent red arrow highlights a projected wave (5) continuation towards the $250-$260 range. If the structure holds, this could align with broader market trends and trader sentiment.
Key observations:
A completed corrective pattern with sub-waves labeled (A), (B), (C)
Wave (3) marked as a prior significant low
Expected wave (5) target aligning with trend channel support
Traders should watch for confirmation signals before positioning, as price action around support levels may influence the next move.
Follow this account for more elliott wave analysis of charts
Bearish Trend Meets Bullish Momentum: Is BTC Ready for a Rebound📉 Bitcoin is currently in a strong bearish trend on higher timeframes, but 📈 the 1-hour timeframe shows a break of structure and bullish momentum. This suggests a potential short-term pullback into the previous range, aligning with the 50% Fibonacci retracement level. 🔄 Additionally, there’s a bearish imbalance above that could be rebalanced. While this presents a possible buy opportunity, ⚠️ it’s a high-risk setup due to the overall bearish trend. Always trade with caution! 🚨
Disclaimer
⚠️ This is not financial advice. Trading involves significant risk, and you should only trade with funds you can afford to lose. Always do your own research and consult a professional if needed. 💡
USOil Key Resistance Hit: Is WTI Crude Due for a Correction?WTI crude oil appears overextended after a strong bullish rally, trading into a key resistance level amid heightened geopolitical tensions and market volatility. The current price action suggests a potential retracement, with equilibrium around the 50% Fibonacci level being a likely target for correction 📉. Given the reactionary nature of the market, traders should remain cautious as political developments could drive further instability ⚠️. While the technical setup supports a pullback, external factors may disrupt this scenario, so risk management is essential. 📊
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making trading decisions.
CADJPY Multi-Timeframe Price Analysis: Trade SetupIn this video, we analyse the CADJPY across multiple timeframes (4H, 1H, and 15M) to identify a high-probability long trade setup based on structural price action, momentum shifts, and Fibonacci retracement levels.
🔍 4H Analysis (Momentum High Formed)
The CADJPY has shown a strong bullish recovery on the 4-hour chart, forming a Momentum High — a key signal that often precedes price movement. According to the principle "Momentum Precedes Price," we anticipate a corrective pullback to form a Higher Low (HL). This HL is expected to become a decision point for buyers looking to join the uptrend.
⏱ 1H Analysis (Confirmation of Structure)
On the 1-hour timeframe, price has formed a Higher Market Low (ML), confirming the structural HL observed on the 4H chart. Price has now entered the Fibonacci Buy Zone, providing a high-probability entry area for bullish trades.
📉 15M Analysis (Failure Setup & Entry Trigger)
The 15-minute chart shows a Failure to Make a Lower Low (LL). While a higher low is a positive sign, confirmation comes only after a break above the last Lower High (LH) that failed to produce a new low. We’re watching for a break above 104.128 to confirm this failure setup and trigger our long entry.
🎯 Trade Setup
✅ Entry: Long above 104.128
🛑 Stop Loss: Below London session low at 103.74 ± 5 pips
🎯 Targets:
T1: 106.92
T2: 108.64
💬 Wishing you a successful trading week! Don’t forget to like, comment, and follow for more technical analysis and trade ideas.
NASDAQ 55% dip coming? The next two weeks are critical...I haven't posted on here in a minute but the NAS is looking weak, along with the SP and DOW, but mainly the SP and NAS. The next two weeks are critical to the remainder of the year. If we breach the 2024 high and close below it in January, I anticipate more lows. If we breach above it, and can hold above it through mid-February, we're probably looking at another bullish year.
My analysis points to a consolidation with bearish intent on the horizon, with a potential target of 9,800.
The tools I used in this video are liquidity techniques.
This is a macro/yearly analysis.
There is no "setup" I only use yearly outlooks to help me gauge sentiment.
The possible catalyst for us to breach and reverse the 2024 high could be inauguration. The time window to monitor is now through the Super Bowl.
If you want to learn my style of trading I'm opening a group this summer, give me a follow on trading view and I'll reach out to you when it launches.
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I apologize for any noises in the background, and my explanations being a little scattered, I'm busy but wanted to get this analysis done real quick before it was too late, or I forgot, I've been meaning to post this since early December.
BITCOIN - Long Trade Idea Update - We Could See One More Low...In this video, I discuss why Bitcoin may still make another low before the Wave 2 correction is fully complete.
Upon closer examination of Wave iv in the previous Wave 5 correction, it appears the level where Wave iv ended was slightly miscalculated.
Technically, Bitcoin should have dipped below the perceived low, but either its strength has prevented this, or the ongoing correction is nearing completion.
The key level to watch is $82,445—if Bitcoin breaks above this, we should continue higher.
However, it’s more likely that we first dip below $81,274 before experiencing a strong upward move.
Pay close attention when Bitcoin makes another low, as the reversal could be sharp, potentially piercing through $82,445, which would confirm the trend shift.
If we make a new low then I would suggest price would turn back up after tagging $81,071.