The black channel held the USDT dominance perfectly, giving us a short term bullish view for crypto. I expect 7.30% to be tested, possibly even the green ascending trendline in the high 6%´s. My current count is only speculative, since this pattern could break in either direction. I recommend caution while inside this sideways range.
Most has been said in our bitcoin update, and therefore we only focus on the technical situation in this article. Our bearish alternative which we highlighted in previous updates got activated in the last days, and therefore we set the wave (i) top at 1741$. We moved in multiple a-b-c waves since this top, and the selling pressure pushed Ethereum straight into...
The correction has been playing out for 5 weeks, and while we´re inside the black channel, I see no reason to buy SHIB. We´d need more convincing bullish price action, since besides the channel, we have very strong resistance at the low 0.000012s.
The Dow Jones Industrial Averages index has been holding much, much better compared to the S&P 500 and Nasdaq indexes. While the other two indexes have been down considerably since we started to predict the crash (18% SPX & 25% NDX), the Dow Jones (DJI) has gone down only by 12%. This is the last one of this series of articles. Feel free to relax as we get...
#GBPUSD #ShaneElliottWave #Shaneliot GBPUSD || Elliott Main wave count || 12 Mar, 2023 (UTC-8) --- Elliott Wave Analysis by: Shane Elliott Wave (Shaneliot) Hello traders, That's my wave count for: GBPUSD Trading strategies: Neutral Timeframe Analysis: 4H Expect Main Elliott Mode: Motive wave Expect Main Structure: Impulse Position: Second Wave (Green- Minuette...
NASDAQ / US100 will go down to the Fibonacci Ratio in order to complete the fifth impulsive Elliot Wave #fibomic #NASDAQ
judging from the yellow area. it seems to me a sideway corrective wave structure which was completed at around $10.28. I'm more bearish on these stocks as compared to tesla (my earlier analysis
●● Preferred count ● British Pounds / U.S. Dollar 1:1 (GBPUSD),🕐TF: 30D Fig. 1 A zigzag is expected to develop in wave (y) , within which sub-wave b is formed in the form of a triangle . ______________________________________________ ● British Pound / U.S Dollar (ICE), 🕐TF: 2W Fig. 2 The globally alternative scenario is marked in black ,...
Grey box act as support. currently looking at a corrective move to the support zone (grey box) if the price goes below my invalidation line, (dotted red line) then we should look at a more complex and deeper correction.
Hello Traders, the bearish trend is intact! NIFTY50 is correcting to lower lows, and as long as there is no pattern for a bullish reversal, the focus should be on the short side. On Friday, N50 gaped to the downside, what is a bearish sign. The gap is a 146 points; massive! It also moved into the support zone, marked with the rectangle. A break below the lower...
In the latest weeks the CoT-data showed a build up of a big net-long position of the commercials in the CAD-Futures (6C), which suggests, that CAD may soon see a big move to the upside. That of course means a big short potential on USD/CAD. So I did a EW analysis on a weekly timeframe and took a closer look at the CoT-data. In the CoT-indicator I framed a mean...
Gold has nicely respected a major weekly structure support. The market formed a bullish engulfing candle after the test of structure, and then we saw a very nice rejection from that. It looks like Gold may go higher. Next resistance 1925 Remember, that weekly time frame chart unveils a long-term perspective. So it may take weeks, before the price reaches the...
There is no much of doubt for me. We're in the longest BEAR market of Bitcoin history. With that illustration, I've used fundamental EW theory concepts to explain why BTC has a very high chance to reach 13k after a Extended 5th wave (previous ATH).
Kava is also going through a correction like everything in cryptoland, but its reaction is looking better that most alts. $1 is still holding price down, but the break of the green descending trendline gives me the expectation that we will get a breakout.
According to the price chart, it is "probably" at the end of wave C of the corrective pattern. I have identified two areas of overlapping Fibonacci price levels (green areas) where the price will probably start its bullish rally in one of these two areas. At this moment, according to the pattern of the chart and the fact that the price is in the first overlapping...
I looked at AU again and imagined 3 scenarios for the next move. Looking ahead, I want to say that the second and third options are more likely to occur. First scenario is most ideal to take the trade. Because we have liquidity created above 5m OB. And Fibo also shows strong reversal level at that order block. Second scenario is more logical because basacly we...
We will see a prolonged decline. Charting something stable...
we are in wave number 2 of #Elliott correction. It will End when BTC=30000-33000 after it, next wave will start at this price and will end at BTC=10000-12000