Crypto in global perspectiveAccording to my waves count the market top was in November 2021.
Decline belowe 44k will confirm we are in C wave. The target of wave C might be at least 18500k.
However, the structure of this formation may have a more complex form. This may turn out to be a Zigzag. The exit from such a zigzag may last until 2028
Elliotwaveanalysis
ROSE Weekly Re-Accumulation / Macro EW ProjectionsROSE has a perfect looking daily re-accumulation going on here.
I have a macro Wave 5 target all the way up at $0.53 and beyond. Ideal entries & targets are highlighted in yellow, however I already took an entry lower. We may not see those levels for entry again.
This coin is currently trending on Twitter, and stayed strong during the big market dip. Once the market starts bouncing back, this will bounce back twice as hard.
Ideal Entries $0.1106, $0.10500, $0.08745
Long Term Wave 5 Targets $0.24293, $0.27873, $0.356, $0.53344 (and beyond)
More Upside For Kiwi After A Pause New Zealand dollar (NZD) is declining against the US dollar (USD) since the end of last week when the US dollar surged following strong and unexpected jobs data, despite the US unemployment rate rising to 4%. Analyzing the updated wave structure, we observe that the price is trading outside of the upward channel, indicating that a correction is taking place. This is totaly normaly and expected as we can count a completed five-wave rise from April lows to June highs. Ideally, this current move is a temporary pause, forming a three-wave correction (ABC). Therefore, we expect a new upward resumption after this setback. The support levels to watch are the 50% retracement at 0.6035 and the 61.8% retracement at 0.6000, which also aligns with psychological and technical support levels from April's swing highs and May's swing lows.
ETH, bullish continuation at support confluenceHello everyone,
unfortunately the breakout out of the flag was not able to break the intermediate high again.
The price broke down to the last point of control. I see a high confluence of support in this area.
According to the most likely elliot wave count a wave 5 of wave 3 is about to start.
Let's see what will happen.
Hellena | EUR/USD (4H): Long to 61.8% Fibo lvl 1.09710.Dear Colleagues, I believe that wave “2” has been completed, which means that price is now forming wave “3”.
I expect the price to make a correction in the small wave “2” in the area of 1.08181, then I expect an update of the high.
I expect the price to reach at least the area of Fibonacci 61.8% extension level (1.09710).
Then we will see what will happen next.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The limits of silicon have been reachedNASDAQ:AMD
The limits of silicon have been reached, and computing machines have hit their maximum potential for many decades. There have been no real achievements since 1984; that was the year when the ceiling was reached. The supposed development has ended. Ray tracing and all sorts of AI crap based on thrice-recycled garbage are no longer suitable for consumption.
Advancements in computing technology have stalled, and innovation seems to have plateaued. Despite the hype around new technologies like AI and ray tracing, these developments rely on rehashed concepts and fail to deliver groundbreaking results. The industry needs a fundamental shift to overcome these limitations and achieve true progress.
DWS GROUP (DWS): Upswing in Germany's Financial SectorDWS GROUP (DWS): XETR:DWS
Analyzing the relatively young German stock, DWS Group, listed on the Xetra exchange in Germany, we find ourselves in an overarching Wave (3). We start this count at the Corona low of €16.75. Wave (2) concluded at €23.21, and our old high is at €41.88, which also represents the level of Wave (1). Naturally, for Wave (3), we aim to surpass this level. Subordinately, we are also in a Wave 3, and at an even lower level, again in a Wave ((iii)). We're looking to identify our entry point at the conclusion of Wave ((iv)). We anticipate some upside for the encapsulated Wave ((iii)), expecting the level between 227% and 261%, roughly at the all-time high, before we turn and complete our Wave ((iv)), and then fully develop the subordinate Wave 3.
Bitcoin PATTERN - BTC Roadmap to NEW ATHBINANCE:BTCUSDT
👉 Trendline Analysis: BTC has been consolidating directly underneath the resistance zone - BULLISH
👉 Candlestick Analysis: Three white soldiers in the 2W timeframe - BULLISH
👉 Technical Indicator Analysis : Price has cooled down after being "Extremely Overbought", moving averages holds - BULLISH
Technical Indicator Monthly Timeframe:
Technical Indicator Weekly Timeframe:
There is really only one concerning matter, and that is from a potential near term scenario:
❗ Pattern Analysis: Potential for M-Pattern to form, medium risk: BEARISH
The candle closes of the next two weeks are crucial in determining how this pattern will play out.
For further reading, here's the initial Elliot Wave analysis on BTC:
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BANPU | TFW Target Downtrend C.5-wave - Breakout Buy TP+80%BANPU wave analysis - target downtrend C.5-wave 4.50 - 4.00 zone
Entry: Buy on breakout downtrend line - ma20w dynamic resistance 3 breakout after bullish divergence often a real reversal.
Target: Key resistance @ 8.00 zone +60-80% profit
Support Indicator: MACD TFW doubled bullish divergence golden cross
Bitcoin Chart Analysis Bitcoin is currently $71,200, and is encountering resistance between $71,180 and $74,000.
I used the Fib Time Zone tool, in combination with Elliot Waves to further clarify the beginning and the end of a bullish or a bearish trend. Coincidently, the time it took for the last two wave to play out was exactly the same (17 days). Bitcoin is in an uptrend at the moment, and as shown on my chart, recently broke above a downwards sloping trendline (Red) -retested it and confirmed as support.
The MACD indicator turned bullish after the retest of the trend-line.
I believe that bitcoins price will continue to rise, as it completes the 5th Elliot impulsive wave. If the price can break above $74,200, I predict a new high between $84,250 and $91,750. If Bitcoin is rejected at $74,200, a retest of $65,000 would be likely.
Bullish falling wedge pattern with Gold #XAUUSD
Timeframe 2H
Gold dropped from 2450 to 2310, now she is trying to build a bullish falling wedge pattern to reversal ( end of iv )
Elliot Wave has many scenarios but this zone has high R/R
for this case, it is invalid if Gold has the new low ( < 2314)
if I am correct gold must break the green line and the Close price must stand above the yellow line.
TP1 2398
TP2 2421
TP3 open
Worst case if stop out ( tight stop loss)
Gold will drop below 2280 to 2228
I will share more in X.
Nothing !!Hello.
BITSTAMP:BTCUSD
The situation you see seems that Bitcoin has completed its fourth downward wave and now it is time to break the ascending triangle and complete its 5th wave.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅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!!
CRO Macro Accumulation / Comprehensive AnalysisCRO just put in a bottom here, and I'm going to give you a full breakdown.
First, we have a macro Accumulation finishing up the last stages right before the markup. These have been playing out with huge pumps on many of the other altcoins, and this time we caught it very close to the bottom.
Next up, we have our Elliott Waves. CRO just finished retracing Wave 4 onto the top of Wave 1, which is perfect according to the EW rules. We should be seeing a Wave 5 up to $0.42662, which also coincides with a major monthly supply.
Finally, we have our ideal entries and take profit levels. I put in a market order since I believe we are already bottomed out, however if the price comes down any lower, here are my additional entries:
$0.1018, $0.09645, $0.8414, $0.07495
Our partial take profit levels on the way up:
$0.2317, $0.2637, $0.30, $0.3716
Follow us for more trade setups this altcoin season and make sure to come back and let us know how much you made on this setup!
-Pat
DigiLex, LLC
President & CEO
Nvidia headed towards completion areaHaving entered the area of a wave (iv), and now exited the box to the upside to challenge the recent ATH, I have to consider the possibility we're headed towards the wave (v) target area to complete this primary wave 3. However, to be clear, below the ATH of $1158.19, we're still in wave (iv). This is visible in the below 1 hour chart.
Nvidia will be embarking on a primary circle wave 4, that could last years. This will not be an event over in a matter of months.
Best to all,
Chris
The Overlooked Impact of Lower Crude Oil Prices on Inflation Everyone talks about higher CPI when crude is up, but ignores it when prices drop.
Right now, lower crude oil is actually helping to soften inflation and weaken the dollar.
Keep an eye on the neckline around $70—but it might not be easy to break.
Wave 4 of Bitcoin: Structure of a FlatHello dear friends, I hope you are doing well.
It took a long time to identify the structure of this prolonged sideways movement. I watched many videos and referred to my notes, and this has been very helpful.
The current wave structure in which Bitcoin is moving sideways is a flat pattern. This structure typically occurs in Wave 4 of Elliott Waves.
What is a Flat?
A flat is a corrective wave pattern in Elliott Wave theory that consists of three phases labeled as ABC:
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- Wave A consists of 3 waves.
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- Wave B consists of 3 waves.
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- Wave C consists of 5 waves.
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In general, the movement pattern of this structure is 3-3-5.
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After the pattern is complete, a breakout to the upside usually occurs (since Bitcoin was in an uptrend before this).
Sometimes this pattern can combine in a double or triple formation, which we will review below:
Double Flats:
Double flats can be divided into three categories:
1. Flat + Flat
2. Flat + Zigzag
3. Flat + Triangle
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To connect them, an X wave is needed, which also has a 3-wave structure.
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Conclusion:
If the top of this flat is broken, Wave 5 movement will begin. If the top is not broken and the correction continues, it means this upward movement was Wave X, and we should expect a larger flat, zigzag, or triangle pattern.
Once the structure is identified, the chart will be updated.
Hellena | EUR/USD (4H): Long to resistance area 1.08877.Dear Colleagues, I have redrawn the waves and I believe that the upward movement will still take place, but later than I expected earlier.
I believe that the price is completing the corrective wave “2”. I assume that the price may push from the area of 50% Fibonacci Level 1.07481. Then I expect an upward movement to the nearest high of 1.08877, which is an area of strong resistance.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!