C-WAVE
A Forced Push: Next move still bearishHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Previously I was expecting an instant drop but it was invalidated immediately after a forced push. These type of moves occurs when the market wants to change its structure.
The Next move is still bearish as it is going to break the trendline which is at the bottom but later we will see a bullish move. The market is not going anywhere it will remain in the range.
Don't forget to hit the like button and follow to stay connected.
🔥 Bitcoin On Fire After FOMC: Bottom Is In!Recently I've been talking a lot about Bitcoin and my expectation it's following some kind of Elliot Wave pattern since January. In my most recent analysis I said that I expected the 4th wave to bottom between $26,5k - $25k. BTC bottomed around $26,6k, close enough!
In my eyes, the bottom is in and we're likely going to continue our way up. Remember that the day after the FOMC meeting is generally the day of the "real" reaction to the meeting, as opposed to the immediate reaction after the new interest rates get announced.
In the short-term, I'm looking at $28,5k and $29k as my targets. In the longer-term, there's an argument to be made that we can reach well over $35k, as per my Elliot Wave analysis above.
Bitcoin wave 5 on the way? 26k?Hello!
Hope this finds you blessed. I am writing as a follow up from my prior wave 5 idea. I am encouraged by this impulse up we made. It indicates we could be in a potential alternating wave 5 compared to the wave 1. Wave 1 was a little more lethargic in nature. This potential wave 4 could be extremely impulsive and might not last very long. I do have some fib time for appx March 18th (end of this week) for this pivot to be completed if it indeed is a wave 5.
Moral of the story is if we are near $26k by the end of this week and we start to range at that top, be careful.
Will update when i am able.
Be blessed and trade safe.
AKITA/USDT in the past this has moved up with shib but I cant help noticing that it's acting like a 3 x leveraged version of shib right now , the charts are pretty much the same to look at from the lows up, but this has made 130% compared to shibs 40% so i think it could be good in terms of % gains in the short term, Probably because it went a lot deeper on its retrace . worth keeping an eye on
Tesla Wave MetricsTesla grew when composite indices were falling, that's why it caught my attention.
Let's start by identifying ATH and making some relation to other following formed lower tops.
Extended lines project into future that's why we should care..
Denoting the fact that particular angle connects 3 tops, which adds weight for justifying the use of it at this early stage of analysis.
Connecting next lower high because previous angle doesn't cover it.
Filling with dark BG and adding connected lowest lows to project a ray of that angle and see interaction of those core wave measurements.
Since today's world doesn't add any optimism, we need even shallower angle to cover worst case scenario with angle.
It gives a sense of interconnectedness with different angles based on critical points of fractal. After all, we are making sense at least with comfortable geometry our minds can perceive.
Since, we're interested in recent developments let's wide into smaller TF's like 1h. Adding FREMA24 for sensing balance.
Since we're already saw the growth, we need to doubt it and think "counter-clockwise" knowing market moves come in waves and we haven't yet seen a decent correction of that impulsive wave and not feel optimism with the crowd
We see that price has broken the thin line of relatively recent gradient of connected lows.
Degrees down we have other line to which we "feel like price is falling to".
With the same overall growth rate and frequency of corrections, it can land on it in order to continue this particular time range of fractal's path.
Unless the previous fall was relatively heavier than of current uptrend so it would continue uptrend as a
rapid pullbacks from declines we see all around. Let's look back:
I say this growth > 100% was caused by previous fall of -67%. Market is full of concept of "cause and effect". Time scale is ignored by many and it's a big mistake! Whatever your opinion is, we can both agree that time causes price to change apart from other factors which have their own timing.
I perceive market as some kind of ongoing function that changes it's equation. The wider we look on Time scale, the more chaotic it gets. It's TIME. TimeFibs of closest big decline top/bottom (0; 1 ) breaks down the fall with pullback and rest ratios are yet to be encountered in the future.
This is so weird, how could fibonacci play out also in time scale... But since it does, we need them because it is a Time Retracement. 🤦
By the very act of having big waves, creates imbalance that contributes to opposite incentive that causes correction, because of wave function and their cycles. That's why "they" say do the opposite of market is doing. But not quite. The key is actually spending 90% observing and monitoring waves.
NET BSP which is averaged balance of candles metrics with MA's.
Here we see that the surplus of Buying Pressure is declining. But since it didn't go to negative values we can't quite be very sure about reversal but motives are already on the rise. Can be used as confirmation. Note how the BP and SP are balanced and rhyme . Because it is actually a volatility indicator as it measures the sizes of green and red candles with their wicks that occupy BP/SP.
FREMA24 confirm the correction stimulus because price is at hot overbought colors. And we also see historic behavior of market as price reaches those zones.
So if there is anyone thinking of buying wait for it to cool down, whereas shooters should get ready for it. I don't buy securities which already have grown especially with 100% from bottom and without yet a decent correction. I would buy if price is at least at BASE EMA. Note the green and red highlights of trends and signals. Let's see how market holds on lower orange level since the highlight is still green, before risking capital.
Since last body candle is relatively smaller than whole range of the candlestick. Green body of candle occupies 20% of the range which is weak. Another confirmation of negative price movement.
Here in pic below we see what we expected. The fact that we're looking at overall ESTABLISHED bullish wave which is about to get saturated because 30m, 1m and 2m turned bearish and rest is bullish :) We know that beginning of sale is happens first at low TF. So out previous observations make sense.
To ensure it further the Automatic Elliot wave established all the way from Bottom tells about correction confirming that we're at local top so far and we're questioning general top of wider wavelength.
By the way, Russia prepares for another wave invasion again I've heard.. Another reason to stop buying not just tesla but overall indices. World is interconnected and sanctions impacts the world economy overall. "One's spending is another one's earning.* War isn't a positive fundamental anyway.
At this point it's very important to read Disclaimer below ;)
TSLA, Time to recharge? Elliott waveIf you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Bounced out of area of confluence Identified.
There is a case for a completed impulse here, and it seems to be struggling with this level.
Watching these levels if break below, and of course, how PA gets there and reacts.
Cheers!