Gold is in a neutral zone right now, but overall I am bearish. Here is what I am looking for next; Option 1: Gold keeps dropping in its bear trend. Our target is $2,580. You can see the zig zag move Gold is creating. We saw a break below + retest so should continue now. Option 2: If Gold moves above $2,690 next week then we can see a mid term bull trend towards...
The DXY is up 600 PIPS (6%) in profit, after rejecting our grey buying zone. We still have much more upside left to go in the COMING MONTHS! There are many people who are now panicking & trying to sell the Dollar because bullish momentum has slowed down. Bare in mind, this is only a correction for buyers, not a complete reversal. Hold firm & let the market do its thing🦾
We’ve been holding long term buys on BTC, within the Crypto Fund since $33,400. Originally opened up a Standard lot size of 5.00. Closed out 3.00 lots at $77,000. After seeing the huge bullish momentum towards $99,000 this quarter, I thought to myself let price retrace towards $86,000 (which I also posted an analysis for) & create Wave IV. Then I’ll buy again &...
Here is what I am looking for next; Option 1: Gold keeps dropping in its bear trend. Our target is $2,580. You can see the zig zag move Gold is creating. We saw a break below + retest so should continue now. Option 2: If Gold moves above $2,690 next week then we can see a mid term bull trend towards $2,740 before it drops back down again.
Even today's NFP data couldn't push enough volatility into Gold to invalidate our structure🦾 Today's positive NFP data should have pushed Gold down aggressively, but price is still ranging within a 'Flat Corrective' schematic in-between Wave A & Wave B. We will see push Gold down but ONLY AFTER a 'Flat Corrective' phase has finished playing out. The market will...
While everyone is getting very impatient with Gold's consolidation, I'm sitting here in peace. I told you all on the FIRST ANALYSIS that we have a 'Flat Correction' from the EW Theory strategy currently playing out. This means a 3 Sub-Wave (A,B,C) schematic playing out within a tight range. Now waiting for a break below the current consolidation, so price can...
Now that ETH/BTC has tapped into its low, now would be a good time to start going long on altcoins. I'm expecting BTC to dump soon and all the money from there will flow into altcoins!
We've seen a lot of profit taking on BTC by the bigger, institutional firms, leading to a liquidation of $443 Million in the past 12 hours. Believe it or not, $443 Million is nothing for the Crypto market. As BTC melts lower towards our Wave C (Major Wave 4) price zone, we will see liquidation of retail traders go within the BILLIONS in loss. Don't say I didn't...
Here is what I am looking for next; Option 1: Gold keeps dropping in its bear trend. Our target is $2,590 - $2,580. Option 2: Gold moves higher towards $2,700 due to the new monthly candle needing liquidity before it drops back down again.
Price action has been playing PERFECTLY & following the arrows I drew out on the first analysis! Price has been ranging as I expected & currently in the process of creating a 'flat correction' according to my EW Theory strategy. However, I will be careful as it is a new month so I wouldn't be surprised if price shoots up so the monthly candle can grab liquidity &...
Sell bias for BTC still remains valid as current market price is holding below previous Wave 5. This makes market structure valid according to the EW Theory strategy. Whereas, a move above the last high of Wave 5 will invalidate this analysis. I'm still holding & looking for a 3 Sub-Wave (A,B,C) correction to the downside.
Gold is closing bearish on the monthly TF, so here's what I am looking for next month; Option 1: Price keeps dropping lower towards $2,580 in its trend. Option 2: We see a huge month liquidity grab to the upside. Target would be around $2,740.
And just like that, we got a bearish rejection on BTC & saw price melt down! We are still very early on in the move, so if you haven't already you still have an opportunity to short the market. Called live for you all yesterday evening, so congrats to everyone who got in🦾
Looking to short BTC as price action is offering a shift in market structure. Targeting below current Wave 4 for a healthy retracement. HIGH RISK TRADE. ⭕️Wave 3-5 Impulse Move Complete (Major Wave 3). ⭕️Waiting On 3 Sub-Waves (A,B,C) Correction (Major Wave 4). ⭕️Overbought Market Conditions.
Here is what I am looking for next; Gold prices dip lower towards $2,583. We are expecting a flat correction according to the EW Theory.
Gold has pushed up & playing within a range. It's moving perfectly within a range to create either a flat or complex correction pattern, either in a 3 or 5 Sub-Wave form. Remember, Wave 2 & Wave 4 are always corrective moves so they move slow. Time to exercise patience🤞🏼
Once again overnight (Asia session) GU shot back up again towards our Wave 5 entry zone, rejected it again & is running 70 PIPS in profit so far. Me & my Gold Vault Academy students understand that Wave 5 being the FINAL IMPULSE WAVE, means that wave will move slowly & trap in a lot of early buyers before it reaches its target. As an Elliott Wave trader, you need...
BTC has topped at Wave 3 (III), now we are seeing a Wave 4 correction which will shake out a lot of the late buyers who got into the market. Following this shakeout we will see one more push on BTC which will then shake out sellers, when price heads towards a new ATH of $103,000! Clear shakeout on both sides.