USDT Dominance : dailyTimeframe: daily.
Consider USDT market cap to help identify market movement, Everything is marked on the chart.
Good Luck.
Elliottwaveforecasts
$NNDM ~ Nice...As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
$UBER ~ Where's the bottom...As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
$RNG ~ Beautiful...As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
$AA ~ Chess game going as expected...Correcting nicely... Love the company and will be a amazing opportunity down the road. Lets follow together and enjoy the ride. Next cycle will be different.
$BTU ~ Riding the waves...Still correcting as expected. Received a comment on $TWTR stating no way... Well I guess we will have to see. Sometimes things just happen that's out of our control. Will track closely and buy when the opportunity presents itself.
Has #META bottomed? Our ElliottWave count suggests so!#META has found support on its long term 38.2% Fib level ($158.50). Stochastic has also reseted on the monthly timeframe. Thus, #META was never so oversold as it is today. Could we turn the page and move higher from here in a new impulsive structure? We remain flexible and keep an open mind on the idea!
Bitcoin UPPPIt is clear we are in a corrective wave, with half of a ZigZag pattern has been played out (AB - yet C). I will look for buy opportunities at around 19500 - 20000 where the B wave ends, with a target of 23000-24000 for C wave.
EURGBP | FINAL leg up before DOOM??Market structure is in clear uptrend since we constantly have higher highs and lower lows. EW counting suggests Zigzag (ZZ) pattern is about to be completed with one more leg up. Expect them to end around 0.885-0.89 where 1.0 fibo level lies, then we will look for short entry later.
$SU ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
$PARR ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
$RRC ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
$RTLR ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
$TTI ~ Correction in progress...As shown, majority of energy stocks are starting to correct. Looking into the future, we believe these companies will provide amazing opportunities. We expect barrels of oil to reach $300-400 a barrel by the end of the decade. Recommend tracking this sector very closely for amazing opportunities.
$RIOT ~ Correction still in progress...As expected, the bitcoin miners are correcting along with bitcoin itself. Although we are getting close to the 61.8 for a normal wave 2, I would recommend being careful as crypto tends to correct a little deeper and should be no surprise to see the 78.6. Remain patient and it will pay off later down the road.
$XHB ~ Correction still in progress...Just as the real estate sector, expect homebuilders continue to correct the same. Nice pull back for a wave 2 will present a amazing opportunity as we move forward in the decade. Inventory is very low which is good since rates are moving higher.
GBPJPY |Trade WXY correction like a PROA 333 Zigzag wave (mint WXY) is played out. A zoom-in reveals 5-wave Impulse in orange has completed. Take advantage of this potential X pullback to load up your SHORT!!
DXY | Bullish trend will be STOPPEDLong term is still very bullish, however, h4 timeframe suggests DXY is about to complete a 5-wave Impulse move. A corrective wave is likely to follow soon, which will in turn support a short relief rally of the market for risky assets.
SP Futures ABC Elliott Wave correction is finished... BullishI believe the bigger ABC correction is finished.
All of the waves are super clean, and all fib levels and extensions are spot on for Elliott Wave measurements.
Doesnt mean it cant go into a more complex correction from here... but as far as the ABC correction... its finished imo.
SP is now starting a bullish wave 1 of a much bigger sequence that will eventually take it to ATH.
It appears it could be in wave 4 of the wave 1 now (wave 4 is often a triangle).
My analysis on tsla from april (see ) had the end of the c wave at possibly 620 (hit within $1)... and i see the same things in the ES for now with a clean 5 waves down for the C wave (has to be 5 waves).
4300 would be a good resistance spot for this move to stop, as there was a triple top at that level.
The big trade setup will be if price gets to the 4300 area, completing this first 5 waves up....
Then pulls back for wave 2 into approximately the 4000 area.
This will be a SCREAMING buy opportunity in my opinion, and a great entry for wave 3 up, which can often be the biggest wave.
Many things lining up for the bullish contrarian bet to be the right bet... We will see
LINK/USDT Elliott Wave CountChainlink can start something from here?!
I think we have a leading diagonal for wave A or 1 , zigzag correction for wave B or 2 that bounced 0.618 fib retracement of wave A or 1.
Let's see how the market develop from here. I will update count later.
I am long for short term also I am into this trade for at least a C wave.
If you like my analysis please give it a like and don't forget to subscribe for my future counts. Thanks!
GBPJPY; POUND FACING MORE PRESSUREThe United Kingdom's employment data for the three months leading up to April revealed a higher Unemployment Rate of 3.8% than anticipated (3.6%).
The results depressed the pound prior to Thursday's Bank of England (BoE) meeting.
This follows the monthly GDP figure released on Monday, which revealed an unexpected drop in April and aroused concerns about the health of the British economy.
The British pound was negatively affected by the possibility of a more dovish Bank of England and a Scottish referendum.
In light of the most recent macroeconomic data from the United Kingdom, the Bank of England may adopt a more cautious approach to raising interest rates.
ETHBUSDETHBUSD seems to be in the last phase of correction that is minor wave 5 of intermediate wave C of Primary Wave B
$1000 to $950 would be ideal to look for signs of completions
Disclaimer: We accepts no liability whatsoever for any loss or damage that may result, directly or indirectly, from any forecast or opinion, information or omission, whether negligent or otherwise, within this report
Bulls make money, bears make money, pigs get slaughtered.Remember, my goal is to stay in the game. The people who got wiped out by the crashes tended to be people who never took anything off the table, who never felt greedy, who got slaughtered by their own piggishness.
Have you taken your profit? Have you booked anything? Or are you being a pig? Because you never know when things you own are going to crash. You never know when the market could be wiped out. You can't have certainty. At those times, you have only human nature to guide you.
I would like to wish you all a Happy Xmas, and regardless of your religion, I wish you to spend moments of peace and happiness with your family and friends, it is time to celebrate life!
