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Elliotwaveanalysis

BTC IdeaIf you look on crypto twitter you'll see lots of Elliott Wave techs calling this move from GETTEX:49K wave 5...for me, its too obvious, too many people seeing the same thing. What if the dip to GETTEX:49K was wave 2, not wave 4 and the move up since is part of a larger wave 3, not the end of wave 5? I think the key might be in the green box on my chart...it looks like a set of 1-2...(1-2, 1-2, 1-2) if thats the case there is much higher to come than the ~$100k top people are calling for wave 5. Higher?
COINBASE:BTCUSD
by Joseph_King
BTC, very bullish outlookAs promised here is my interpretation of the Bitcoin chart using Elliot wave analysis. The flag breakout is very close to the final confirmation with a break above 69400. We completed a first 1 - 2 setup at the 6th of September. The most likely case is, that we are in the third wave now, leading towards 80k, with a final target for this cycle around 88k. If BTC will confirm this scenario tomorrow with a break above the mentioned 69400 level, there is no reason the test the flag again soon. First target is 73k to the the ATH.
INDEX:BTCUSDLong
by Kyrean
Still counting this advance as an irregular (B) waveI have long stated that the upcoming earnings catalyst will develop into a sell event. When I last updated I was anticipating an incremental new high and possible double top for intermediate (B) into the confluence area of the larger and shorter term 100.0% fibonacci extension areas. Although we have exceeded that area for a double top, we're still in the target box I had included on the chart. With the markets acting somewhat parabolic to the upside, I think it says volumes that the AI standard bearer has only marginally benefitted. Next Wednesday will certainly be interesting. I am expecting price to make it's way down closer to $100 area...if not, then my alternative purple count is playing out and complete the larger wave I for a long term top in Nvidia. Best to all, Chris
NASDAQ:NVDA
by maikisch
NIONIO has recently completed a classic 5-wave impulse structure, signaling the end of an upward trend phase. Currently, the stock is in a corrective phase, with waves A and B likely completed and wave C in progress. Monitoring is essential as wave C concludes; once the correction finishes, we can anticipate a potential bullish reversal and the start of a new uptrend. If NIO holds above key support levels, it could be an opportune moment for entry. Stay tuned for updates as we approach the completion of wave C, confirming the next movement in this cycle.
NYSE:NIO
by amurad90
1
ETH: This May Be Your Last Chance Before Exploding to Upside !!In my opinion, Ethereum is really undervalued in terms of price. My price target for Ethereum is $7000. As you can see, the price is in an ascending triangle, and there is also a bullish divergence on the weekly time frame. This is something that cannot be easily ignored. We can hope that in the new year, Ethereum's price could at least double from its current value. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
COINBASE:ETHUSDLong
by CobraVanguard
7
Bitcoin Buy Signal: Exciting Entry Opportunity in the Correction🕒 Timeframe: 1-Hour 📉 Pattern Completed: Five-Wave Upward Pattern 🔄 Current Phase: Corrective Three-Wave Pattern with Wedge Breakdown 📊 Analysis Summary: In the 1-hour timeframe, Bitcoin has completed a five-wave upward pattern, indicating a strong bullish trend that has now transitioned into a correction phase. This three-wave corrective move, confirmed by a breakdown of the wedge pattern, often presents a profitable buying opportunity for those who anticipate a subsequent rally. 💰 Key Support Levels for Buy Entry: 📍 $74,400 — First strong support level where buyers may look for reversal signals 📍 $71,600 — Major support zone that could provide a more secure entry point These key levels have a high probability of igniting a reversal, potentially leading to a robust upward move. For traders looking to enter, these points offer attractive risk-to-reward setups. 📈 Forecast: Based on current technical patterns and market sentiment, Bitcoin has the potential to reach a new peak by the end of 2024. This market setup is a rare and valuable opportunity for those looking to capitalize on the anticipated bullish momentum. 🚀 Don't miss out on this exceptional opportunity to ride the next wave! 🌟
Long
by arzdigitalistha
Gold is prepare for wave Bin short tern, 5min/15min chart, the price is testing the EMA 50, after break above, now retesting. If successful with a good volume bar, We can predict the wave A had been formed and now for wave B up. Be aware of incoming Federal Funds Rate and FOMC. if this event make a B wave. we can earn the C wave. I like to take the B wave in the FOMC event if the Gold would not break recent low around 2642. Else the correction A-B-C is invalid and we have to edit the elliott wave.
OANDA:XAUUSDLong
by tSageHuz
3
Silver Is Breaking Out Of A Wedge! Silver is coming nicely to the downside, reversing after reaching levels above 34 and 35 back in October. Notice that this top formed with a wedge pattern, which typically occurs at the end of an impulsive sequence. I believe an important top is now in place for silver, suggesting a much deeper correction may unfold, especially if the dollar remains strong following Trump’s election win. After any pullbacks, further weakness is likely, particularly considering that when an ending diagonal completes, price can often retrace back to the starting point of that pattern. Grega
SAXO:XAGUSDShort
by ew-forecast
Stand StillHey guys and girls, Here is an updated chart from my (Feb 29, 2024) post. Sometimes I add a bit to what I have thought. let's do some math here: Technical Section: minute: Wave 4 = 50% of wave 3 ($ 49k) that was the end of it Wave 3 is greater than 161.8% of wave 1 ----> Wave 5 = 261.8 % of wave 1 ----> Target = $ 89528 minor: Wave C = 123.6% of wave A ----> Target = $ 92115 Conclusion: There is only one possibility for the long-term outlook. BTC is about to go vertical! Appendix: Stand pat! (Feb 29, 2024) Dec 28, 2022 (This is what I am basing mine on for the bull market!)
KRAKEN:BTCUSDLong
by BTC-XLM
17
AVAX Signal with Inverse Head and Shoulders and Targets📉 AVAX (AVAX) Buy Signal with Inverse Head and Shoulders Pattern and Elliott Wave Analysis – Identifying Entry Points with Attractive Price Targets Hello, dear traders! Technical analysis shows that an inverse head and shoulders pattern has formed on the weekly AVAX (AVAX) chart. If the neckline at $31 is broken, it could confirm the start of Wave 3 of 5 in Elliott Waves, signaling a powerful upward move. 🕰 Previous Wave Movements of AVAX: Wave 1: AVAX started its rise from $8.5 in September 2023 and reached $69 in March 2024. Wave 2 (Correction): The price then corrected to $16.5, completing the Wave 2 of 5 Elliott Wave, ending around July 2024. Wave 3 Start: Now, with the breakout of the inverse head and shoulders pattern, we expect the third wave to begin with strong bullish targets. 🎯 Entry Strategy and Targets: ✅ Entry Point: After breaking the $31 level 🚀 Target 1: $130 (about 300% profit) 🚀 Target 2: $450 (about 1300% profit) 📌 Note: Always focus on proper risk management and planning. Best of luck and happy trading, dear friends!
Long
by arzdigitalistha
CEG Long (Stop Limit)Asset Class: Stocks Income Type: Daily Symbol: CEG Trade Type: Long Trends: Short Term: Down Long Term: Up Set-Up Parameters: Entry: 237.90 (at the Breakout) Stop: 223.79 TP 223.79 (3:1) Trade idea: A price pin into a daily Fair Value Gap , Buying the Stop as the price pullback and the SL at the last swing low. The trade setup also use the Elliot wave analysis, where the price is likely to form wave 5 next. The setup has a 3:1 RRR. The RSI is oversold on the 4H , and heading up. !!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry. Trade management: -Split the TP to 3 orders at each TP -when price hits 1:1 , consider moving stop to entry in case of pullback. So your trade is risk free. -After TP2 hit, you might consider canceling the TP3 and trail the SL to maximize your profit. **Disclaimer**: The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
NASDAQ:CEGLong
by MESHANL
Aussie:Elliott Wave Structure Suggests More Downside After RallyThe RBA stands out with a potentially different approach compared to other central banks, as inflation in Autralia remains relatively high, making rate cuts this week less likely. This could support a rally in the Aussie, which aligns with the Elliott Wave pattern showing wave A in its final stages, with a strong five wave sell-off from September highs. A bounce could develop then, especially if the HSI remains stable or even moves higher this week. However, once the Aussie shows a solid recovery, be awre for a potential resumption of the downtrend, ideally from around 0.67 resistance; from the area of a former wave four. For those trading this pair, it’s worth waiting for a bounce before entering on the short-side. Grega
Short
by ew-forecast
1
Chiliz (CHZUSDT) Analysis: Exciting Buying Opportunity!Hello everyone! ✌️ Today, we’re taking a closer look at Chiliz (CHZ). In the weekly timeframe, we’re seeing signs that the wave 4 correction is coming to an end, and it looks like this cryptocurrency is gearing up for wave 5 soon. Chiliz has captured significant attention due to its applications in the sports and entertainment sectors. Currently, an ending pattern is forming on the Chiliz chart, indicating the potential for a strong upward movement. If the trendline of this pattern breaks upward and the price surpasses the resistance at 0.17 cents, we could witness the start of wave 5. Target Levels: Target 1: $1.3 (a whopping 670% profit!) Target 2: $4.3, if the market continues to move with strength and high liquidity. These numbers suggest that Chiliz could be a fantastic buying opportunity for investors. However, keep in mind that every investment comes with risks. If you’re looking for a good entry point into the market, Chiliz is definitely worth considering. 🎯 Important Note: Always invest with caution and knowledge. I hope this analysis helps you make better decisions and seize the opportunities available. Wishing you all the best! 🌟
Long
by arzdigitalistha
2