Bitcoin - The ATH is STILL COMING ! Here's Why👉📉 BTC-USDT with Elliot Wave Theory Analysis 📈
I've been advocating for Elliot Wave patterns this cycle since I spotted similar fractals across crypto charts. I've been following fractals on SOL, DOGE and BTC - and they have all been extremely reliable thus far.
As I've discussed in previous posts, BTC normally stops at a -30% correction. That will put us HERE exactly:
The good news about this, is that wen the corrective wave (Wave 3-4) is over, we can expect the final impulse wave up (Wave 4-5). We may yet still see another ATH in the near future!
Remember that correction waves also consists out of smaller corrective ABC waves, as seen in the next chart.
According to Elliot Wave Theory Math, our next target should be the FINAL ATH :
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
CryptoCheck
BINANCE:BTCUSDT
Elliotwaveanalysis
Tesla looking bullishTesla seems to have completed its corrective wave (2) and to have started its wave (3) with a short term target in the $235 area.
A break above $235 would validate the exit of the large triangle formation and opens further up moves towards the all time high.
On the opposite side, a break below $160 would invalidate this view.
------
It's recent partnership with Baidu regarding autonomous vehicles and AI data centers, and its increasing focus on the development of its functional humanoid robots (Optimus) seem to be encouraging news among others. I believe Tesla could be one of the most concrete way to play the AI revolution.
USD/CHFThe price has been moving downward for some time now and completing the 3rd wave based on Elliot waves theory .. what we see as a spike is more like the price giving out its last sellers .. now needs to correct .. and then continue its way down.
I don't think the 5th wave will go down below the 3rd wave, or if it goes, it wouldn't be too much .. we are at the lowest prices of all time, so we are at the end of the downward prices .. also in, fundamental, we had good CPI last week and good earning in the finance sector of the S&P500 .. but still the fed is hawkish on rates and talking about 2 more 0.25 % increase in rates.
But for now, I'm looking for a pullback to our golden zone and then continue to make a 5th wave.
Leave your comment and thoughts.
May your pockets fill with money
SPY simple chart analysis: following previous post ideaElliot Wave finished forming the A of ABC correction just on the fourth wave of giant minor E.W. D1 t.f.. Two sets of abcde waves finished and builded a complete smaller abc correction, giving open doors for a bullish momentum.
Trend still can continue until 300% of E.W. fibonacci.
fibonacci is between the 0 and 2 of E.W., starting from 50% instead of 0.
It already passed atractive channel giving opportunity for sideways.
Note: I sugest to not take this trade if you are starting it😋.
Bitcoin Holds Support After US CPI PrintThe US dollar is showing a notable downturn after today's CPI figures were released at 3.4%, down from the previous 3.5%. This reinforces market sentiment that the Fed is unlikely to hike rates, especially after comments made by Powell yesterday. This scenario supports a risk-on environment, especially considering the bearish Elliott Wave structure in the US yields, suggesting further declines. This backdrop implies that other assets could rally. For instance, Bitcoin has seen a significant bounce, finding support at crucial trend lines, and can be poised for higher levels if HS neckline near 66k is broken . Similarly, Nvidia and silver also show potential for gains in the coming weeks.
However, building intraday trades at this juncture can be challenging due to potential setbacks before the market continues in the direction of dollar weakness.
If you found this analysis helpful, please leave a comment below, like this video, and consider sharing for more updates in the future.
Grega
Nothing!!!Hi.
➡️ the odds of another bullish Movement is Pretty high because the pattern which PEPE is in, Is a Bullish wedge Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens....
✅ Due to the Ascending structure of the chart...
🟢 The odds of another Bullish Movement is High!
🟢 Bullish wedge is Visible on The chart!
🟢 No break out yet!
✨Targets are:
🎯$0.00000769
🎯$0.00000893
🎯$0.00001025
❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Big Wave 3 is Start From HereThree reasons in one point
- Harmonic Pattern
- Wave C is end and we are waiting Down impulse wave end in same point
- we touch up Trendline 3D frame
please check invalid point, invalid point is down wave 2 3D
Good luck 😉
USDCAD bullish limitABC correction of recent downtrend in progress. Current bullishtrend should reach at least 37.6k.
A from ABC correction hits double top. This is for better structure.
Triangles show resistance and weaknesses of chart progression. The current triangle should be repelling it, making chart go more directly toward objective.
The w to z waves are to identify a relative impulse. It is just for guide.
BTC simple chart analysis: price limitAfter seven bullish minor waves in H4 t.f., later on chart reached 65.5k with a HH shadow that hits 300% of previous candle putting fibo. inside of it, on coordinates 64500 and 64k. The red parallel channel shows where chart feel atracted. Combining this aspects I can assume chart will go bearish for the moment. Later on, it should reach 57k at least, completing volume correction. Then, it can go up if corrections are needed.
Gold analysis for 13/05/24 & 14/05/24According to my analysis and according to what you taught me, Tamas :
Scenario 1 :
If CPI comes negative on Wednesday, it could lead to deflation concerns, which might prompt the Federal Reserve to consider cutting interest rates to stimulate economic activity and prevent deflationary pressures. A negative CPI could indicate a decrease in the general price level of goods and services, potentially signaling weak demand or economic contraction
A decision by the Federal Reserve to cut interest rates could weaken the dollar, as lower interest rates typically make a currency less attractive to investors seeking higher yields. This could lead to a depreciation of the dollar index, which measures the value of the dollar against a basket of other currencies
Gold prices may rise in response to a potential interest rate cut by the Federal Reserve. Lower interest rates typically decrease the opportunity cost of holding non-interest-bearing assets like gold, making it more attractive to investors. Additionally, concerns about inflation and currency depreciation amid monetary easing measures could further support gold prices , Gold may Target 2394-2400
Scenario 2:
A positive CPI indicates an increase in the general price level of goods and services, suggesting inflationary pressures. This could lead to concerns about the purchasing power of the currency and potential future interest rate hikes by the Federal Reserve to curb inflation
If the PPI also shows an increase on Tuesday, it could reinforce inflationary expectations, indicating rising costs for producers. This might further support the case for potential interest rate hikes by the Federal Reserve to address inflationary pressures
Technical Analysis :
We're currently in Correction Wave , and Expecting Price to Pump for Gold target 2394-2401
Advice : please always use a propre risk management this is my analyse and good luck
Make sure if you like my Analysis to boost up my post and Comment
XAU/USD - Forecast & Roadmap (26-APR-24)Could we reach 2450-2460 by the end of this year? Keep an eye on this possibility, especially within the 2230-2240 zone
.
Hello Everyone ! I hope you all are doing great today. In my view, currently we are in a Bigger Corrective Structure now.
.
To avoid guessing and confusion, I suggest that you only take trades within this highlighted zone .
.
I hope my forecast can provide easy understanding. Remember, the trend is your friend, so keep it simple
.
Trade With Care,
WAVE HUB FX
----------
Please follow me and like if you agree or this idea helps you out in your trading plan
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Mode(MODE)===>>🚀➕10%-➕15%🚀📊The MODE token has been listed on some exchanges for less than 24 hours.
📚 What Is Mode (MODE)?
🔸 Mode is a Modular DeFi L2, built using the OP Stack and part of the Optimism Superchain. Mode launched their mainnet in January 2024.
🔸 MODE is the native utility token that is used for governance
🌐 Mode Network Initiates 550 Million Crypto Airdrop on Optimism .
💡 MODE was able to break the Downtrend line by breakout candle .
🌊According to the theory of Elliott waves , MODE completed Zigzag(ABC) correction on 🟢 Support zone 🟢.
🔔I expect MODE to start rising again( ➕10%-➕15% ).
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Mode Analyze (MODEUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GBPJPY starting the wave 5 ?www.tradingview.com
Elliott Wave Analysis: GBP/JPY on 8H Chart
Wave 1: Initiated at 188.661, marking the start of an impulsive bullish wave.
Wave 2: A correction to 178.480, representing a natural retracement after the initial surge.
Wave 3: Ascended to 200.398, typically the longest and most robust wave in an Elliott Wave sequence.
Wave 4: A minor correction to 191.433, setting the stage for the final leg up.
Wave 5: Currently underway, with potential targets at 200.013 or the 1.618 Fibonacci extension level at 208.595.
The completion of Wave 5 would mark the end of the current bullish cycle, after which a larger degree correction could be anticipated
Nvidia's on the clockIs it possible Nvidia can muster the strength to get my final higher target of $927?
Possibly.
But time is running out for the chip/GPU maker. A breach of the $880 level makes that highly unlikely, and that could be our initial sign we're now headed to the $700 area. Nonetheless, even if we do manage to get that OMH (One More High)...I still have price visiting the $700 area or lower.
Best to all,
Chris
Gold analyse 08/05/2024
OANDA:XAUUSD
1/ US Fed's Interest Rate Stance: Neal Kashkari's remarks on maintaining a high interest rate amidst rising inflation could bolster the US dollar
2/ Middle East Tensions: Israel's limited operation in Rafah has stalled the upward momentum of gold prices, indicating a temporary halt in geopolitical concerns
3/ Impact of Interest Rate Uncertainty: Gold prices decline amid uncertainty about central banks' plans to reduce interest rates, with the rise of the dollar further contributing to gold's fall
4/ Global Debt Levels: Record-high global debt levels reaching $315 trillion could potentially raise concerns about economic stability, prompting investors to seek safe-haven assets like gold
5/ Central Banks' Gold Purchases: The substantial increase in gold purchases by global central banks, exceeding 1,000 tons in a year, suggests a hedging strategy amid economic uncertainties, potentially reflecting concerns about currency stability
6/ Perception of Central Banks' Confidence: The significant gold acquisitions by central banks could indicate a loss of confidence in traditional currencies, prompting investors to reevaluate their portfolios
Honestly, I don't feel like explaining, the chart says it all !Hi.
BINANCE:BTCUSDT
✅Today, I want to analyze BTC for you in a 9h time frame so that we can have a short-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
✨After the fifth bullish wave, BITCOIN has completed his corrective waves (ABC) and now he has reached the Bottom of the wedge, now it is time to start the five bullish waves, and BTC is in the Megaphone,and now finished first wave.
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Bullish Wedge.
🟢 Ascending Triangle
🟢 Starting 5th waves.and now finished first wave.
❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
🚧Bitcoin Needs Correction🚧✅ Bitcoin moved as I expected in the previous post .
💡Currently, Bitcoin has reacted well to the 🔴 Resistance zone($65,650-$64,200) 🔴.
🌊According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing 5 impulse waves and now we have to wait for corrective waves .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
📈According to Classical Technical Analysis , Bitcoin can also form the Head and Shoulders Pattern .
🔔I expect Bitcoin to fall after breaking the Uptrend line , at least to the first 🎯 Target 🎯 I specified on the chart.
❗️⚠️Note⚠️❗️: If Bitcoin can break the 🔴 Resistance zone($65,650-$64,200) 🔴, the scenario will be changed.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.