Kyrean

Kyrean Updated 

Hello everyone, following the liquidity that is still forming like clouds above all new ATH bitcoin made we are close to a decision point for Bitcoin. The moves are getting more and more choppy and considering the strong rally I guess a correction is outstanding. But first we should see another move higher completing a five wave cycle of a third wave.

Kyrean

Hello everyone, today I like to share how I use elliot waves combined with fibonacci to analyze the market. The standard rules are: - Wave 2 can now be lower then the start of wave 1 - Wave 3 should be the longest - Wave 4 should not breach the high of wave 1 But to have a more objective view there are also price targets to be reached within the different waves....

Kyrean

Hello everyone, considering the recent strong movement in ETH, I expect the bullish trend to continue towards 4000 within the next weeks. The green area (0,5 - 0,681 fib) should provide good support for new long positions. Only a break below approx. 2800 would indicate a more bearish sight of the market.

Kyrean

Hello everyone, based on the major wave 3, we can make a projection to imagine where the global markets could form a major top. In my view we are entering the last stages of the bull run, with a potential of 20% gains to come. After reaching the top, a major bear market could start, but I don't expect the top to be in before at least Q1 of 2025. What I also want...

Kyrean

Hello everyone, after the election in the US Gold started a sharp pullback and lost 9% within 2 weeks. Now the price reached very strong support zones, built from former consolidations. These zones also match with order blocs on the weekly, 4H and 1H time frame (not shown on the chart). The RSI is highly oversold and the drop was the biggest one this year. All...

Kyrean Updated 

As promised here is my interpretation of the Bitcoin chart using Elliot wave analysis. The flag breakout is very close to the final confirmation with a break above 69400. We completed a first 1 - 2 setup at the 6th of September. The most likely case is, that we are in the third wave now, leading towards 80k, with a final target for this cycle around 88k. If BTC...

Kyrean Updated 

Hello everyone, today I want to talk about the obvious fact, that BTC is in a big bull flag, since it formed the 74k high. But the way how it moved out of the lowest point of that flag isn't impulsive at all unfortunately. There is only a three wave move, followed by some more choppy price action, so to trade it safe, we need more confirmation. I added some...

Kyrean Updated 

Please check the previous idea to get the bigger picture - You find it in my profile Hello everyone, Bitcoin reached the top line of the flag pattern, that was built from the 74k top. We got a strong move up, but the breakout didn't even reached 70k. Bearish Case Currently we are in a correction of about 3000 Dollar and the correction could expand, if the...

Kyrean Updated 

Looking at US30 we have a high probability of turning into bullish again. RSI long signal Strong daily support Bullish Engulfing candle Possible wave 4 low I expect new ATH to be build soon

Kyrean Updated 

Hello everyone, I would like to share my long term view on the NASDAQ with you. Feel free to tell me your opinion in the comments.

Kyrean

Hello everyone, I like to provide you a detailed elliot wave analysis on silver. In my opinion we are in the middle of a higher degree fifth wave. The elliot wave rules I use: Standard: - Wave 3 has to be the longest - Wave 4 can not overlap with wave 1 Advanced: - Target levels are 1,5 to 1,618 (wave 3) and 2.272 to 2.618 (wave 5) - Wave 3 needs to show a...

Kyrean

Hello everyone, unfortunately the breakout out of the flag was not able to break the intermediate high again. The price broke down to the last point of control. I see a high confluence of support in this area. According to the most likely elliot wave count a wave 5 of wave 3 is about to start. Let's see what will happen.

Kyrean Updated 

We have a nice confluence of 1H and 4H support at S&P. I'm entering with a long position to potentially follow to new ATHs, if the market sentiment pick up the trend again.

Kyrean Updated 

I expect ETH to reach ATH areas again as it broke out of a nice and clean bull flag. Also the lower inflation data is supporting the market in general and indices found strong support today.

Kyrean Updated 

Hallo everyone, markets are crazy lately and beside the fact, that Germany is in a recession period the DAX were climbing up for several ATHs in the last weeks. I think this should find an end very soon, as we are testing the ultimate resistance area formed by trend lines from ATH prices in the past. Also my wave count is pointing to an fifth wave of a fifth...

Kyrean Updated 

Hello everyone, price action in Gold continues to be very strange and we saw a significant move to the upside after a bear trap formed below 2000. The move went directly to the 2088 resistance (and orderblock) and a correction from the local overbought conditions is likely. The elliot wave count at this stage is very unclear, but I left my count on the chart....

Kyrean Updated 

Hello again, GBP is quiet strong across the currency board and was able to break out of the strong downtrend dominated by CHF. After some days of consolidation it seems like the last resistance turned into support. Target area is the red resistance zone.

Kyrean Updated 

Hello everyone, I've been watching NASDAQ closely as I expect to end an elliot wave count around the 18k area. If the level will be reached soon the chance for a correctional move is high, where we could anticipate in. To make it short, the psychological level of 18.000 will be very interesting, but there is also the channel trendline above, that should form...