Get started

Xmasrally

Elliott Wave Analysis: BTC/USD Festive Season ForecastIntroduction: As we approach the weekend and the joyous Christmas season, a festive atmosphere engulfs the cryptocurrency market, especially the BTC/USD pair. Building on our previous analysis, an Elliott Wave Impulse is expected to guide the market's course during this celebratory period. Elliott Wave Impulse Structure: The Elliott Wave theory suggests that market trends unfold in a five-wave impulse pattern, representing the natural rhythm of investor sentiment. In our BTC/USD analysis, we anticipate a compelling five-wave sequence, with each wave playing a distinctive role in shaping the market's direction. First Wave: The initial wave sets the stage for the festive season, with a strategic entry point identified at $43,910. This wave marks the beginning of the upward momentum, propelled by positive market sentiment and holiday optimism. Second Wave: Following the initial surge, a corrective wave is anticipated, providing an opportunity for adjustments and strategic positioning. The market may experience a brief pullback, presenting an ideal entry point for astute traders. The first take profit target is projected at $44,840 during this phase. Third, Fourth, and Fifth Waves: The subsequent waves will unfold dynamically, each contributing to the festive fervor. The third wave is expected to extend the rally, surpassing previous highs and reinforcing the bullish sentiment. As we progress through the season, the fourth wave may introduce a temporary correction, offering a second opportunity for entry. The grand finale comes with the fifth wave, reaching new heights and culminating in the festive celebration. This wave is expected to carry the market to a peak, creating a jubilant atmosphere for traders and investors alike. Conclusion: In conclusion, the Elliott Wave analysis for the BTC/USD pair sets the stage for a festive celebration in the market. As the waves unfold, from the initial surge to the grand finale, traders are urged to stay attuned to the rhythm and dynamics of each wave for optimal decision-making during the weekend and the Christmas season. May the joy of the festive season extend to the cryptocurrency market, bringing prosperity and positive vibes to BTC/USD traders. Happy trading and Merry Christmas!
COINBASE:BTCUSDLong
by wikitrades
2
A little Elliot Wave Fun - are you ready for what's next?If you are like me, thinking the US markets will act as a safe haven for global capital, then you should clearly see the upside potential if these recent lows hold. If not, then you are seeing the downside risks as more likely - and will want to understand the price structure in place that may prompt some consolidation. IMO, we are amid a Wave 4 correction. Any Wave 4 correction MAY turn into a new price wave structure (ending an ABC wave and starting a new price wave). So, the reality of the current global market trend is... If my analysis is correct, we must rally to new all-time highs. For this to happen, a broad shift in investor sentiment needs to take place. If my analysis is incorrect (related to this being a bottom for the US markets, then we would be anticipating a broad global crisis event related to debts/inflation and other emergencies. I think the US Fed will move to a more moderate rate adjustment schedule while the global central banks deal with credit/debt issues. It does no good to crash the markets to stop inflation. Just like in the 70s & 80s, inflation will weaken as rates stay elevated. It is just a matter of TIME and POLICY. Capital WILL seek out the best investment vehicle in the future. I believe that will be the USD and US ASSETS. What are your thoughts?
FX:SPX500Long
by BradMatheny
6
CPI/JOBS Blow a Hole in support - CRUSHED? Cycle Pattern UpdateIf you were watching the markets this morning or were caught unprepared for the huge CPI numbers (which lag), you were probably sweating bullets watching the NQ fall 400+ points in just a few minutes. These reactionary types of price swings can be very dangerous for some traders - especially right now. But, I want to alert you that the NQ has rallied nearly 200+ points off the morning lows and may turn positive by the close of trading on Friday. Do any of you remember my Cycle Patterns? Take a look at 10-13 (CRUSH). 10-10: N/A 10-11: Inside/Breakaway 10-12: Harami/Inside 10-13: CRUSH 10-14: Gap Potential I think the Gap Potential for tomorrow may reflect an upward price gap and may surprise traders if this support level holds. Next week looks very interesting... 10-17: BreakAway 10-18: Carryover 10-19: Temporary Bottom 10-20: Top/Reisistance 10-21: Consolidation I see quite a bit of volatility over the next 10+ days while Earnings and the Fed play central roles in driving price trends. I'm still cautiously optimistic that we'll transition into a Christmas Rally phase throughout most of October. Watch for the US markets to try to setup a base/bottom over the next 4+ weeks. If the market recovers from this morning's lows - lookout. That should be a fairly clear sign the US markets are defending this support level with a vengeance. Damn the Fed!
FX:SPX500Long
by BradMatheny
Pay attention. ES long term support may surprise markets (long)If you have not been paying attention, this is a good time to learn about a support level many are ignoring. Yes, this support from 2011~2015, and the range I've drawn in BLUE, will likely prompt a relief/recovery rally (if support holds). If this support level fails, then we will see a much bigger breakdown in the markets over the next few months (before the Fed steps in to save the day - if they can). Please understand this is a technical support level that may prompt a US Christmas Rally phase (if it holds). There are no guarantees, but earnings should set the tone with extended volatility and, I suspect, fairly clear expectations headed into Q4:2022 & Q1:2023. Get ready. If my research is correct, we will quickly transition into a Christmas Rally phase while the doom-n-gloomers sell the rally. Should be fun. Follow my research.
CME_MINI:ES1!Long
by BradMatheny
2