Advanced Elliot wave Analysis as depicted on chart! Please like and follow for more!
Advanced Elliot Wave count on BTC shown on chart, this is not financial advice. Please like and follow for more!!
5 waves down has completed on lower time frames, we can expect a reversal here and a B wave towards higher prices as shown per wave count on chart, 41-42k area seems likely. Current weekly orderblock level is a good potential long area and has good reason for reversal.
After strong decline from Y wave top at $141 towards a recent low of $16, there is good reason to expect some upward price action in context with the overall NEO wave count and the evident wave completion at the low of $16 where a triple zig zag was finished. We have formed a strong reversal structure; with an inverse head and shoulder pattern forming in which a...
Since conception, Looks has exhibited corrective price action in which from opening it came up in a 3 wave structure termed as W, we then came down in an ABC from the $7 high which gave the indication that an X wave correction was beginning to the downside and after a x sub wave completion $5.8 we then came down in a 5,3,5 structure to complete the y sub wave of...
Looking at the price action it appears that we have yet to put in the 5th impulse wave to the downside to end the correction before we get some relief to the upside. The nature and proportion of this last sell off is yet to be seen; however, the $40000 range appears to be a high probable area. After completing the 3rd we pulled back into the 0.382 extension before...
A complex wave formation has occurred since topping at $400 in Litecoin where we currently find ourselves in the Macro Y wave in which the W wave is playing out. We continue to look lower into the key $108-114 area to complete the Subminuette W wave which will lead to the Macro X wave and some relief in the downtrend but ultimately Litecoin appears to be heading...
As shown on chart we have completed a complex WXYXZ sideway correction showing clear weakness, with no buying momentum being seen; characteristically, low volume and slow price action. The current level price action sits at is key orderblock; however, the weakness and price action observed suggests we will test the key buying area of the $36800-37400 orderblock...
I have outlined on chart the most probable Wave Count that I can suggest which suggests that we will see lower prices in coming months, in this long and complex corrective sequence. We sit at key support level with a Strong Orderblock between $41200-41600; however, bullish momentum is yet to be seen with the asset showing clear weakness, we can expect this level...
There is reason for a Wave Cycle to have been completed in FTM; thereby meaning it will correct for some time towards lower prices. It is likely that it makes its way back to strong levels with the $1 level standing out as a strong long term level that price will be attracted to over the next year. From ATH we corrected down in a complex WXY zig zag which is...
There is great reason for Bitcoin to continue lower as the asset shows some weakness; however, we near a completion of the complex WXY wave count as Bitcoin sells off into an oversold sentiment. With price action adhering to the Original pitchfork beginning at the WXY genesis which not many have accounted as the genesis of the next wave. As we came up to Genesis...
looking for upward price action towards $1.12-1.16 area. Some potential exhaustion of sellers and some buyers stepping back in.
Btc provides a strong long position setup off $56800 support area, after a clear zig zag off 55500 level followed by another linking zig zag we have now found a potential Y wave setup in which the ~1:1 fib extension sits at $61000 to complete the WXY correction. Notice from the 69k sell off we came down in a clean 5 wave impulsive count; also paired with the high...
Tron is looking strong with some divergence on the indicators and some momentum change signalling a potential reversal. Looking for a potential move into the 9 cent area; with a potential rebuy in the 8.7 cent area for a higher low targeting higher prices. This is a short term trade; strong buy indication would be getting above the trend line with...
Looking for Solana to complete continue towards a top in the major super cycle; looking for a terminal move towards new highs in this 5th wave. Solana found some strength holding 38.2 fib retracement and breaking the downward channel which can lead to a bullish breakout keeping in mind Solana is quite extended a tight stop is advised and risk management. We have a...
Ripple has had a strong trend since bottoming out at around ~$0.52 in July this year and has come up testing strong resistance orderblock between $1.35-$1.40 where strong selling pressure pushed the price down rapidly and impulsively down in a 5 wave count sell off; since then ripple has shown weakness and inability to regain higher prices; we have seen a...
As we can see since the sell off from the high of 52800 we came down impulsively in 5 waves since then we have corrected in a complex triple zig-zag WXY correction where further selling can be expected, with RSI reaching overbought territory as well as the 1.382 fib extension holding and being adhered to very well showing great relevance and indicator. From this...
I recently posted analysis on EGLD looking for a move to 340 however we had a dip 244 which will allow us to move higher creating a strong bullish divergence as well as the completion of a flat wave 4 pattern; previously i had us still in the Minor wave 3 however I have now placed a wave 3 top on 296 and I now look towards a wave 5 to $330-$350. EGLD has extreme...