BITCOIN in a WXYXZ....BIG LONG INCOMINGGreetings traders!
Today we are analysing the bitcoin, where we can see (contrary to the overall trend) I can feel like we can be BULLISH on the BTC because we are entering the Z Wave of the WXYXZ.
The objectives are correct, and for me, I wouldn't see big crash incoming...YET
As you can tell:
The first X wave retraced the 85,4% of the W.
The Y wave extended to 100% of the W and X.
The second X wave retraced the 76,4% of the Y.
We are now in the Z, and therefore, my strongest objectives would be the 100% and 123%. (maybe if really bullish we will go to 161%)
Hence:
The 100% is at 50300, which is also the 50% of retracement for the downtrend from the end October
The 123% is at 53300, which is also near the 61,8% of retracement for the downtrend from the end October
Wxyxz
SPX - S&P500 reacted perfectly as forecasted :DHello gents,
Today we are analyzing the S&P500 with the Elliott Wave, and we have seen a wonderful bounce on our strongest objective from my May 8th post
That objective correspond to the 113/114.6%
(It was my previous 123-217.2% of my old analysis but after re-analyzing I saw that the 5 blue of the last impulse from the Covid-19 crash must be at the very high of the bullish trend)
But it ain't no worries, the objective was as much as powerful !
Additionally, we have touched the 38.2% (very serious objective) of the entire retracement of the entire impulsive wave from the Covid-19
Therefore, I am still into my last plan where I thought about the WXYXZ that we are into. (Would mean that we are in the X of the WXYXZ)
Otherwise, I have another plan which is the impulsive wave of the Covid-19 is not yet finished and we are entering in the wave 5
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Don't hesitate to comment and check my other plans which are getting validated.
Did ETH finished its X to enter into the BULLISH Z ???Hello traders,
Hoping that you are having a great weekend,
We are looking actually at the current move of the ETHUSD that has reached its strongest objectives, and the BTC too....
...Meaning we could maybe enter the bullish move with is the Z of the WXYXZ!
IF SO , we are aiming at the different price objective :
3860 as the strongest,(green/yellow box) it is the 61,8% of the entire retracement and the 123% of the WXYXZ....(very very strong) plus it is a continuation of the channel
3750 is also a strong one
Otherwise the other objectives are marked with the green box
Moreover, you can tell from the VMC indicator that shows the RSI divergence, we are having a triple divergence, and on lower time frame the green dot has appeared
Go check the Related Ideas for historical analysis from another great trader " Kraisus "
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Having any question? don't hesitate to ask me bellow!
When will S&P500 finish its first correction wave ?!?Hello traders!
I think we are all looking at the indices charts that keeps falling with the effect of the crisis and economy management from the Fed and central banks.
**According to Truflation, the inflation rate is at 11.4% in the USA**
This economic crash is not yet to stop, we will be experiencing crazy time in the incoming month and years...!
BUT ANYWAY , today we are analyzing the S&P500 with the Elliott Waves from the crash of the Covid-19, and what we can see is that:
The 5 of the Impulse Extended Ending Diagonal Wave has been confirmed the 22 Nov '21
- An EED have 5 waves that are subdivided into correction waves 3-3-3-3-3.
- In an expanding diagonal ending, wave 1 is small, wave 3 is medium and Wave 5 is long.
Since then, we are in an ABC pattern that we are about to finish in the incoming week
For me, it is the first Wave of the correction pattern that we are about to be witness in the incoming month and until next year.
Because the worldwide economy is not looking good, in my opinion I would say that we are finishing Wave W of a WXYXZ.
ZOOM IN for a better view of the objectives that have been found for the end of the downtrend (light blue C of the ABC) :
1/// 4000 is strong by being the 100% of the ABC pattern
2/// 3900 is strong by being the 113% of the ABC pattern
3/// 3850/3825 is the strongest by being the 123%/127,2% of the ABC pattern and near the 38.2% of the entire Impulse Wave Retracement
ZOOM OUT for a better view of the overall structure of the S&P500
You can also check my analysis on the NAS100 where the structure is pretty much the same.
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Please feel free to ask question and recommendations in the comment section, I would be more than happy to answer your questions
SCALPING ETHGood day traders,
**FEEL FREE TO UNZOOM THE CHART THE GET EVERYTHING and LOWER OBJECTIVES**
Today we keep looking at the ETH movement finishing its second X of the WXYXZ.
1/ It has reached its FIRST objectives at 2633
///-----> 123% of the C of the white ABC
But it is supposed to hit lower, where you have stronger objectives, and it is the same for the BTC and for the NAS100.
2/ Therefore the SECOND objective is at 2543
///-----> 161,8% of the C of the white ABC
////------>113% of the C of the red ABC
3/ Moreover, the THIRD and strongest objectives is at 2510-2473 minimum
///-----> 123%/127% of the red ABC
////------> 127% of the C of the orange ABC
/////-------> 85,4% retracement of the Y
ETHEREUM IN A WXYXZ Hello traders!
Today we are looking at ETHUSD, which I feel like we are in a WXYXZ correction.
This means that we are going to go back UP for a last push of the BULLS after the incoming drop,
THEREFORE : from 2700 until the objectif price of 3800 in average (my strongest objective is 3853.)
Hope you can understand, don't hesitate to comment for more precisions.
Bitcoin Possbility of Pump up !
Hello, this is Goldencloud Cypto Kim Jude Here.
It is a bitcoin market that has reached the highest peak in history so far due to the most important moving.
It will continue to be paid in the future, and will continue to be paid in the future.
It responds moment by moment, with a loss of hand.
First of all, when looking at the daily chart, various analyzes and interpretations are possible, but if you look at the wave that has descended from 68k as a compound, it is currently in the Y wave, and there is no single wave in the Y wave.
I judged that a wave was coming out of a compound, and I tried counting accordingly. From the point of view of an Elliott wave, it shows an impulse wave when it goes up and an impulse wave when it goes down.
It was a moving that made me wonder if the driver was really making the Elpines suffer in that he made a very confusing moving.
As it is expected that there will be sufficient convergence and sideways movement until the FOMC meeting on March 17th, it is judged that about 25bp has already been reflected in the market, showing the last wave of the Y-Z wave,
Since there has not yet been any meaningful trading volume that exceeds or equals the trading volume that broke out on February 24, we decided that there is still room for a rebound, so we counted.
Broadly speaking, this wave may be the number of X-files or a rising wave,
so we plan to hold a position in the common long section and trade safely after a certain amount of profit in the minimum rebound section.
Looking at other scenario,
first. C pulse rising wave perspective after AB from the low point
Second, after the ABC rebound from the trough, the view of a crash with a downward impulse
Third, the perspective of an upward or downward trend after convergence
Since this is a section where various analyzes and interpretations are possible in the current position, I think that trading should be done with more flexible thinking than ever before.
Personally, I am looking forward to a rebound from the main point of view, and the long position I received at 34.4 is still being held.
Lastly, I want you to always trade with a good profit/loss ratio, send a cold wave rather than grab a blade, and make a stable trade in a place where you can definitely set the stop loss price.
Below is the proof of revenue from the wave below. Of course, only good things.. hahahahahaha
BTC WXYXZ correctionMost complex correction I have ever seen.
Best case scenario in case Bitcoin ETF is going to launch in April 2022.
This correction pattern seems to be Triple Three correction aka WXYXZ correction and is rarely found.
In most cases these corrections are not deep.
As you can see all impulse waves are 5 wave structures and corrective waves are 3 wave structures since the beginning of the correction.
Last impulse wave is in play now.
I think as per this pattern, 31-32K will be the bottom.
This should not be the 12345 Impulse correction which many professional youtubers and even myself advocated earlier.
You can check my previous TA on BTC by clicking on the link below.
TATA STEELHello and welcome to this analysis on TATASTEEL
After consolidating near 1050 it gave a sharp bounce back within a corrective structure that went onto test its falling upper trend-line.
Now as long as it does not sustain above last THURSDAY high there is a strong probability of resumption of its downtrend in the Z leg of the complex WXYXZ it has initiated from its high.
This down move could take it to 1075 and if that does not hold then 875-900.
TATA STEELHello and welcome to this analysis on TATASTEEL
From the recent highs after a tremendous rally for around 15 months TATASTEEL reversed and has so far shown all indications of a complex corrective within a falling channel.
After completing a WXY in end NOV near lower channel it bounced back to the upper end of the channel but in a corrective structure till mid JAN and then dropped sharply.
Now going forward if it holds above 1085 it might once again attempt a retest of the upper end of the channel near 1225-1250 to complete an X wave and from that level it could resume the last leg Z of the complex corrective till 900.
Key levels to be watched 1065 if breached now then bounce would be ruled out & 1300 which would negate the Z leg of the complex corrective.
SPX. Elliott wave 101 rare structure explained, WXY & WXYXXZ !!!We are in a double or in a triple & I am still learning guys, so if i make a mistake here
or there i would be very thankful if you point it out for me
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---Combination corrections are also viewed as
complicated and complex, but there is really no
need to overthink it. Combination corrections in
simple terms: 2 or 3 corrective patterns joined
together by a 3 wave move.
---Example: Double Correction
A double correction as shown above, is simply (any
corrective pattern + 3 wave move + any corrective
pattern) and labeled WXY
---Example: Triple Correction
A triple correction as shown above, is (any
correction + 3 wave move + any correction + 3
wave move + any correction) and labeled WXYXZ.
The only condition is that Y must not exceed the
1.618 extension of wave W, or it is likely part of an
impulse wave down.
$BAC Bank of America WXYXZ from GFC 2009 lows. short X w/in X^2not sure where X completes within X^2.. the Y wave is too complex for me.. i dont think its completing 5-5-3 from the march 2020 lows. would like to see others counts from march lows. we approaching a top but where is it likely to occur..? i don't see much in terms of fibonacci confluence.
TSLA completed WXYXZ correction (Wave 4 on 1H) ready for Wave 5?We have had a complex WXYXZ correction on TSLA since January 8th and I believe may have completed its course finally with a ABCDE Triangle Correction in extended trading on January 20th. In this 15M view I map out each of the correction waves. WY and Z are counter impulse. X and X track with the impulse. Wave 4 correction should be .318 to .5 of the timeframe of Wave 3. Given that we are right in ideal timeframe to begin Wave 5.
TSLA tends to have an equal length Wave 1 and 3 impulses. based on that I see a price target of 960-1000 for Jan 26