Bitcoin 100 to 120kIts been awhile since my last video, but I couldn't help but post since its all time highs.
Just looking at this wave taken from the low in August, I am targeting 100-120k
Right now I think we are in a sub 3 wave and don't expect under 80k. It has been moving fast since November 4th and don't expect a long time holding in this sub wave 4 correction.
Possible a larger degree wave 3 ~94-100k that is a needed correction to break through 100k.
Want it to hold the 73-75k at this point. Will try to do an update on what I'm expecting for a correction after this move progresses further.
Let me know if you want to see other coins or have any questions. I'm trading ETH, ADA , DOGE atm
Wave Analysis
Netflix - This Is A 100% Probability Setup!Netflix ( NASDAQ:NFLX ) will continue its parabolic rally:
Click chart above to see the detailed analysis👆🏻
With this monthly candle, Netflix finally broke above the previous all time high and it about to continue the reversal triangle pattern cycle. We saw the same breakout back in 2013, when Netflix broke above the all time high and then started an even stronger rally of about +50%.
Levels to watch: $750, $1.000
Keep your long term vision,
Philip (BasicTrading)
Gold soybean oil Monday Friday I posted that the goal was likely to go lower because the market Gap lower and even though the market went higher from its low it couldn't close the gap and that tells me that the markets likely to go to new lows even though it might temporarily shows some buying Behavior. that's what it did and it went even a few $1000 lower since the close of Friday and it still might go lower since there's no evidence of buyers even though the market is at a support resistance line. I think the unrealized drawdown from the high is 20,000 or so dollars and that does not make this Market bearish and if it goes lower as I suspect it will go lower.the market is Trading with significant volatility and expansion and that means the market is going to have bigger moves when it moves higher and bigger moves when it moves lower compared to markets that have very little volatility and very small range. I did not address this in the video because the video was on the laborious side.... sorry about that. it satis support resistance line, it has not closed an important Gap lower.... so it could go higher or lower but I think it's probably going to go lower. and a good portion of that analysis is that gold has been so bullish for a significant. Of time..... I think the sellers are ultimately going to push this a little bit lower and this can be very profitable for the smart money because the market is going to take out some of the late buyers who like to trade all-time highs which is a very difficult way to make money because this pattern suggests that a lot of people who were break out buyers are in trouble with their long trades because they got in to late. now if you have a lot of money and you think the markets going to find buyers and make new highs... maybe you can hold out and maintain your long position but if you got into this Market on the Breakout move higher and you're down $25,000 per contract because you were just too late.... it just think how you're going to feel if it goes down another $25,000 before it starts turning and going higher
MOASS: WC: 24.88 Target: 1800-2400 MOASS: 47k-100KTLDR
-Margin Call
-VWAPS used to control risk
-VWAP Bands measure standard deviations from the VWAP
-Pushing thru the bands takes volume and momentum
-Fibs are targets
-Fib pairs act as support and resistance
-Smaller MOASS box and corresponding fib extensions show really good targets that traders can use to protect their investment
-Sentiment drives price and we don't care about fundamentals
Note: WC in title = weekly close.
EURUSD: Intraday Trend Reversal PatternFollowing the low established on Wednesday, 6th November 2024, we have observed a completed bullish wave structure. Subsequently, the price traded the low at 1.0682, forming a bearish completed wave pattern. Based on this price information, a bullish phase is anticipated in the next movement.
We are entering a buy position, anticipating increased buying momentum at 1.0682, which could propel the price past the nearest internal momentum high of 1.0727. If this trade materializes, 1.0824 will serve as our momentum high target.
Stop Loss: 1.0676
Happy Trading!
BRIEFING Week #45 : What a FireworkHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Kindly,
Phil
NASDAQ Update on Elliott Wave CountsLast week, we saw solid sharp moves up in NASDAQ:NDX along with SP:SPX and $FRED:DJIA. And that move made me reconsider my counts since I was expecting that we had a top in place now with X complete and Y down should now unfold. But last week's move made another all time high. Watch the video to understand what are the possibilities now.
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)
BITCOIN - Price Action Update... Looking For An Entry Point...In this video, I analyze Bitcoin’s price pattern since 2022 and aim to develop a perspective that could help us trade it higher.
Using a process of elimination, I identify what appears to be the precise wave count, allowing me to project a potential target for the current movement.
This approach is beneficial because markets rarely move in a straight line; if there’s an opportunity for two significant trades, being aware of that possibility can help us avoid premature moves.
If I observe the smaller wave structures aligning with this analysis, I’ll share a long trade idea, complete with a 15-minute chart and a follow-up video explaining my thought process through the AriasWave methodology.
As a reminder, while AriasWave differs from Elliott Wave, it still incorporates the concept of alternation from Elliott Wave theory.
NVDA Long: Close out your shortsI have previously made a bearish case for NVDA that was invalidated as of the last session. Now that NVDA has hit a new high, we need to revert to a more "normal" way of counting our waves.
Over here, I presented the case where the minimum target price is 156 and the next target is 174. So, do not hold onto your shorts.