I saw the bitcoin price structure forming a sideway movement. There is a consolidation that has occurred from April 23 to today, which I consider it as a double three correction. On April 24, 2021, intermediate (W) ended at $ 51353, and corrected to form intermediate (X) which finished at $ 48690. What I see now is that the price will go up once again to complete...
Risk/Reward Ratio : 4.32 I assume minor wave 2 correction was finished, so price will continue going down to level 1.750404
It is important for us traders to know DXY future movements. So in my opinion, the DXY (USD Index) is in the process of intermediate correction (2). Not completely finished this correction. Because it is only at the correction stage (A). So yup this way decreases as (B) then goes up to (C) and after that DXY long drops.
I do re-count elliottwave on Ethereum and for next week 19-23 April 2021, I see the next movement can be like that. Hope you like my analysis. Any question any input, just message me here. Thank you.
I think EURUSD correction Primary WAVE B is just finish as (W) (X) (Y) struture. Potential for price going down until level 1.16030 or maybe only until 1.17363. *** Remember on 13 April 2021, I shared this analyzed ⬇
This is alternative count of correction B. Very interesting because I see there seems a mini triangle , so perhaps price go up for one more time before drop. I put Invalidation level at 1.21127
On 2H timeframe , 13 April 2021, bitcoin is in progress to finishing last impulse Grand Supercycle V. It contain 5 supercycle waves, which Supercyle wave (I) and (II) were finished and bitcoin go up to completing Supercycle wave (III). What I thinking is the price potential go back to re-test grey zone { for me, there is will become a Supercycle wave (IV)}. If...
UPDATE : I saw the supercycle wave (V) is ending diagonal pattern and with that, I think the price will go up once again. By predicting that the length of the cycle wave V will be the same as the length of the primary wave 1, the ETHUSD rise could go to the 2294.83 level, and it could be that from that level, the ethereum price will fall. Please see my previous...
The primary B is very trapping, where the price broke the invalidation level 1.19146 ((please see my analysis yesterday, 08 April 2021 or open this link ), then after that the price fell. So I assume the primary B is a complicated correction (W) (X) (Y), with the current invalidation level at 1.19279. It is better to open a sell position if the price has broken...
UPDATE : After hit SL 1.18912, then price go down 🤦♂️ But because price NOT breakout invalidation level at 1.19146, so yeah this analysis is still valid 👌
Asian session is gives clear sign that wave primary B was finish on yesterday. Intermediate (C) was finished at extension 100% from (A) to (B). Inavalidation level is 1.19146
Update analysis of AUDNZD. I assume this pair continue go down to looking sensitivy reversal area (SRA), which it between number 1.075050 to 1.070402. Please note that trend is bullish as you can see price action structure tell us that in buyer control until this time. I suggest you to waiting and join buyer at SRA numbers. This analysis can be wrong if price...
On my previous analysis, I was assumed that supercycle wave IV could be as wxy correction, but the fact is it only be simple correction cycle abc. So from level 1293,25 as end of supercycle wave IV, the price was went up to form next and last impulse supercycle wave V. It supposed to be has 5 cycles impulse, which cycle wave I was finished at level 1940.57, then...
I share this analysis because high probability for AUDNZD to keep going up. You should waiting until price finishing the movement inside of triangle pattern. . Thank you
AUDUSD is in progress to fullfill impulse bearish primary wave 3. Potential for price going down from level 0.77754-0.77928 to level 0.72190. Invalidation level is ending of primary wave 2 (0.78492)
I see Ethereum in momentum to going down to making structure bearish correction primary wave ABC of cycle wave y of supercycle wave (IV). With price at level 1775 on today 21st March, for next future price will going down to level around 1300 as ending of primary A, then potential get pullback to re-testing 1775 and falling again to level 1197-1022 as ending of...
And in the end, the 130,667 level actually became the end of the primary wave 5. You can see for yourself that the price fell after touching that number, right? Please open this previous analysis :
Yesterday, I shared EURJPY could drop, and yess eurjpy drop. But today, I think intermediate waves (A)(B)(C) of primary wave 4 just finished and price supposed to be going up to make primary wave 5, and it consist five intermediate waves. Next target potential at level 130.454-130.667