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Looking at MicroStrategy, there is a very nice recovery from the 1190 area, but prices are not yet breaking out. Currently, there is some consolidation near the upper side of this contracting range around 1660, which could represent the upper levels for sub-wave D of a trinagle. Triangles are structured by a-b-c-d-e subwaves, so I assume that the price can still...

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XRPUSD has already touched a new high, and we can now count five waves up from 38 cents. This is an important wave structure because it confirms the direction of the bull trend, indicating that more gains should follow. However, after every five-wave move, the market can enter a three-wave correction. Therefore, there may be some interesting support levels to be...

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Hey traders I this video I will take look at NVIDIA which I think it can be moving into a correction and can possibly be headed down for deeper prices. So if today major stocks indicies will have second red day in a row, then possibly next week there can be more risk-off. In such case I think its better to wait on any long ideas on cryptos (short-term), and wait...

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Gold has slowed down in the last few months espeically since China announced they didnt buy any gold back in May. But from sentiment perspective, retracement has been expected as we saw a market in the fifth wave of an extended wave 3 after breaking to new ATH. Well, what we see now is then a corrective pause which can be coming to an end here in wave 4 as price...

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Cryptocurrencies are experiencing a deep pullback, with BTC now in the 50k-55k zone. Good Elliottwave correction from the top so far, so I think there can be more upside. But, but, wahts the biggest risk? If stocks pull back, thenn cryptos may struggle to recover. Historically, it's rare to see cryptos up when stocks are down. Something to keep in mind... GH

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BlackRock Bitcoin ETF with ticker – IBIT looks like a nice and clean A-B-C correction that is right now sitting at interesting support area for A=C, but to confirm support in place and bulls back in the game, we need to see sharp or impulsive recovery back above 36.43 level.

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ETHBTC pair can be turning bullish, as we see strong rebound after a completed corrective decline by Elliott wave theory. We talked about ETHBTC pair back on May 14th, where we mentioned and highlighted the completion of an (A)-(B)-(C) corrective setback with the wedge pattern within wave 5 of (C). As you can see today on July 05, ETHBTC pair bounced from...

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USDNOK is sideways for the last two years that looks like a larger triangle within uptrend. It's an ABCDE pattern where wave E can be in play as pair stops at the upper side of this contracting range. Ideally, market is coming down for a pullback within higher degree wave E, where pair can complete the sideways price pattern. So for now, seems like there is room...

ew-forecast Updated 

Aussie is still sideways against the US dollar, trapped in a range for more than a month. However, the price is now moving towards the upper side of this pattern after hot Australina CPI (4%) this week, so RBA shoudl stay hakiwhs, suggesting a greater chance for a break out of a bullish triangle rather than a bearish trend. If analysis is correct, we are currently...

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USDCHF turned higher this year, after breaking some important trendline connected from 2022 highs on a daily chart, where a breakout can lead to higher prices within a big triangle range. One of the reasons why Swiss franc is that weak compared to others is because SNB surprised and cut rates twice after inflation has softened. So as long as FED sticks to current...

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Gold has turned lower in the last two months, which has been expected as we saw market in fifth wave of an extended wave 3 after breaking to new ATH. Well, what we see now is a corrective pause which can come to an end in the near future, but possibly at lower support levels as the current price action here above 2300 can be a triangle in the middle of a three...

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Since 2018 Bitcoin and other cryptos were mostly consolidating through summer before they eventually broke out, in September or October. If we take a look at BTCUSD chart from Elliott wave perspective, we can see it unfolding a five-wave bullish cycle. Notice that final subwave V can be still missing, so after current wave IV correction that can take even more...

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NIKKEI225 is moving in a strong five-wave impulsive bullish cycle, which looks to be unfinished. Currently we can see it consolidating and it can be forming and potentially finishing a bullish triangle pattern in wave (4), which can push the price even higher for wave (5) from Elliott wave perspective. Bullish confirmation is above 40k, while invalidation level...

ew-forecast Updated 

Silver is bullish on a daily chart and structure up from 21.90 is not in five waves yet, thus bulls can stay in play for $34/35 targets, where we see some strong resistance levels, so be aware of a limited upside up there. But because drop is still overlapping on 4h time frame, which we see it as a three-wave A-B-C correction with a potential wedge pattern in...

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German Bund is nicely breaking above important trendline after a completed complex w-x-y corrective decline in wave B, which can now send the price higher for wave C towards 140 resistance area. If we respect a positive correlation between German Bund and EURUSD currency pair, then EURUSD could easily stabilize and recover.

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If we take a look at ALTcoin market cap with ticker OTHERS, which excludes top 10 cryptocurrencies, we can see it retesting April lows due to lower ALTcoin dominance. But, the wave structure looks corrective, so it’s clearly in a higher degree wave 4 correction. Ideal support comes around 38,2% Fibonacci retracement and base channel resistance line, so around 200B...

ew-forecast Updated 

Stocks are in recovery mode, with major indexes trading at all-time highs. This movement began after the US unemployment rate showed a slight decrease in jobs two weeks ago, suggesting that inflation could potentially weaken. This trend was further supported by this week's CPI data, which indicated a drop from 3.5% to 3.4%. Speculators believe that the Federal...

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We went through some XXXBTC cross pairs and we can see an interesting pattern on NEOBTC chart. On the weekly basis it can be finishing final subwave (5) of the wedge pattern within wave C of an A-B-C corrective decline from the highs. It's telling us that NEO looks promising, but it's weekly chart, so it may take some time before we will see a rally. Keep in mind...