ElliottWaveBelgium

ElliottWaveBelgium Updated 

Markets are in correction mode as everyone has (hopefully) noticed by now, with the NASDAQ and S&P500 breaching key lows. Forced selling like we saw on Friday usually gives us a reaction rally that can last a few days. Prices have already dropped too much already so don't try an be bold now with any agressive shorting, especially if you plan to keep positions...

ElliottWaveBelgium

Price seems to have made an impulsive move from the July low to the 70k high. This means we're now in the correction phase. I'm leaning more towards a higher degree impulsive move, this means the consolidation can be anything but a Triangle otherwise that would make the move a potential Zigzag or other complex combination. Typically, the optimal zones for a...

ElliottWaveBelgium Updated 

The Elliott Wave count, coupled to the oscillators suggests we're finishing (finished?) a wave (iv), meaning, we're again going for a new high before a more consequent correction follows.

ElliottWaveBelgium Updated 

1) Everyone and their granny has heard of Nvdia by now. Lots of new retail traders are pulling into this name as the craze continues. My none-trader/investor friends have started asking if it's a good idea to "invest" now. That's a big red flag ! (My answer is no!) Remember, retail investors always come in last and hold the bags when the stock sells off. 2)...

ElliottWaveBelgium

I'm looking at the Elliott Wave structure here and using the Fibonacci retracement and projection tools to determine the most likely resistance zones. Why? Because it's clear by now that price is consolidating and a new move higher is about to come (depending on your trading style, the rise has already started). So, I don't think the question here is IF bitcoin...

ElliottWaveBelgium Updated 

Meme stocks have been consolidating recently, and CRYPTOCAP:PEPE appears poised for a breakout. A bullish triangle pattern has formed on the chart, suggesting a potential move to new highs if confirmed. Applying Elliott Wave Theory, we can see a potential five-wave impulse move up from the April 5th low. The recent retracement found support at a critical...

ElliottWaveBelgium Updated 

Reddit has deceived the IPO buyers but the chart might be hinting at a turnaround. Elliott Wave theory suggests a possible 5-wave downtrend is ending. The current rise could be a wave 1 up before the real rise. Keep an eye on $47.50! If price breaks above this resistance level, things could get bullish, with a potential reach towards $58-$60 at first with a...

ElliottWaveBelgium Updated 

Now, I know $500k sounds like pure hopium, but read this. Bitcoin has got a history of defying the odds, with gains of +1500%, +10,000% to even +60,000% in the not so distant past! See these green lines and orange zones? Those could be our pitstops on the way to half a million, according to this simple Fibonacci analysis . Here's the important part: This is...

ElliottWaveBelgium Updated 

Identifying potential long opportunities in the crypto market, I'm currently monitoring BINANCE:JUPUSDT and BINANCE:SOLUSDT BINANCE:SOLUSDT : Entry: 197.06$ (or a close break above resistance if identified). Stop-loss: 195.30$ Target 1: $210 (potential new high). Target 2: $259 (longer-term bullish target). Note: Consolidation around $210 could be a healthy...

ElliottWaveBelgium Updated 

I'm looking fora finished fourth wave on this one. Imo price is now carving the first wave of the higher degree pink wave 5. So, if you're not in yet, wait for a pullback in wave 2 before getting in thus minimising risk. My stop is at 6.710 as I'm already long @ 6.906 while writing this post.

ElliottWaveBelgium

NVIDIA's chart is getting interesting. There's a chance we might see a breakout towards $1000, and here's why: Elliott Wave Triangle in Play? Sharp traders might have noticed a possible Elliott Wave triangle forming. This pattern often appears before a significant price movement. Right now, it looks like wave E (the last one) is unfolding. If it breaks above...

ElliottWaveBelgium

At first glance, this correction looks like a Triangle but I believe that's a deceiving look. I'm leaning more to the bearish side on this one and think we should see an acceleration to the downside if 2153 is breached. I'm positioning my self towards that at least but since I don't really know where my stop will be (probably around 2157), I won't activate any...

ElliottWaveBelgium

The recent rally has come to an end as you all can see but is this a buying opportunity or a sign of things to come? Key points: ]MEME coins are experiencing a pullback. This could last days or even weeks. Coming price action will tell. Fibonacci levels (100%, 127.2% , 161.8%) could be potential entry points. These levels represent historical support areas...

ElliottWaveBelgium Updated 

Price has been slowly rising while contracting a lot those last few weeks. It's not a bad idea to try to buy now imho. Stop at today's low @36.46 or a bit lower @36.30 . Target is open for now

ElliottWaveBelgium Updated 

Buying right now is a bit too risky for my style. I'll wait a bit and see if price can drop to the 80-82 zone, stalls and starts to go back up without going below 794, otherwise I'll pass on this setup for now. BINANCE:SHIBUSDT , BINANCE:DOGEUSDT are of similar setup although I prefer to stay with PEPE as it's leading the two others for now.

ElliottWaveBelgium

If you're wondering if a dip in those MEME coins is a buying opportunity or a sign the party's over, measuring % price drops during such big rallies is a very valuable tool. Here's how: Track the % retracements: During a big rally or steady uptrend, healthy pullbacks typically retrace similar percentages. So, simply measure the size of each dip and compare...

ElliottWaveBelgium

I'm looking for a rise from current levels as long as price stays above 40.55$ which is my Stop . Very little risk with a profit potential of 3R if not more.

ElliottWaveBelgium

The best move for this finished imho. We should see a correction that ideally shouldn't exceed -10% from the high but it will be mostly time consuming, frustrating all late comers. So, if you're a short/medium term trader it's best to just take your profits and stay out of the market for the next few weeks or try your luck somewhere else in another group. If...