Bitcoin - historical bull trap! + Name your altcoin
BTCUSDT
, 720Short
XanroxUpdated
Make sure you prepare for this huge historical bullish trap on Bitcoin. Why? First, look at the price action. We have a bullish flag, that's what everyone sees. The market makers count every cent on their accounts, and this is a pretty good opportunity for them to make a lot of money by trapping retail traders. What will a typical retail trader do in this...
168
101
Elliott Wave
Elliott Wave theory is one of the most accepted and widely used forms of technical analysis. It describes the natural rhythm of crowd psychology in the market, which manifests itself in waves. The essence of Elliott waves is that prices alternate between impulsive phases that establish the trend and corrective phases that retrace the trend. In their most basic and straightforward form, impulses contain 5 lower degree waves and corrections contain 3 lower degree waves.
Elliott Wave is fractal and the underlying pattern remains constant. The 5 + 3 waves define a complete cycle. They can form different patterns such as ending diagonals, expanded flats, zigzag corrections and triangles. Fifteen different degrees of waves can be identified with each of the 5 smart drawing tools, allowing users to visually identify different degrees of waves on a chart. The key to trading Elliott waves successfully is counting them correctly for which there are rules and guidelines.
GOLD → Price dump before NFP. Will we go to 2400?
XAUUSD
, 60Long
RLinda
FX:XAUUSD is manipulatively declining and catching buyers by surprise (liquidation) before the news. Price may start a strengthening phase from strong support (2330-2325) on the back of weak dollarTraders are waiting for NFP to be released at 12:30 GMT. Yesterday, the market received 229K on Initial Jobless Claims, which generally gives hints of a possible...
39
20
Oil to move down impulsively
WTI
, 60Short
CuzDelux
Been tracking this for sometime now, and it has mostly behaved as expected for a couple of months. The count in oil is hard to follow, because it does not necessarily "behave" within EWT parameters, but the pattern persists, despite irregularities. I will consider this validation or invalidation. I do not know the fundamentals that will cause such a move, but...
3
4
GOLD → ECB rate and NFP in the US. What to expect?
XAUUSD
, 60Long
RLindaUpdated
FX:XAUUSD is supposedly ending the correction wave on the background of fundamentally weaker dollar. ECB rate and US news (Initial Jobless Claims & NonFarm Payrolls) ahead The European Central Bank is expected to cut interest rates for the first time since March 2016 at the end of its June policy meeting later today.Meanwhile, markets now have a better...
Gold Analysis (Expect More Falling)!!!
XAUUSD
, 240Short
pejman_zwin
Gold has managed to break the Support zone($2,337-$2,318) and 50_SMA(Daily) .According to Elliott's wave theory , Gold is completing its next 5 downtrend waves .It is possible to form a Descending Channel , Gold can react to the lower line of the descending channel.I expect Gold to continue falling to the next Support zone($2,272-$2,248) .Gold...
14
5
TON → The bulls are almost ready. Breakout 7.23, rally ...
TONUSDT
, 600Long
RLindaUpdated
OKX:TONUSDT is starting to show bullish potential. This is quite interesting for us, because, in general, the coin's potential is huge. BTC momentum could push the coin to rally. The bulls have held the defense above 5.985, forming an intermediate bottom. In the current range, the 6.45 - 6.65 area, where the maximum number of coins have been traded (bought),...
42
4
Gold Analysis=>Long and Short Position
XAUUSD
, 15Long
pejman_zwinUpdated
Gold seems to have succeeded in breaking the Resistance zone($2,373-$2,353) .According to the Elliott wave theory , Gold still needs to increase to complete its 5-wave uptrend.I expect Gold to start rising again after the pullback to the resistance zone and go up to Potential Reversal Zone(PRZ) .Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.Do not...
30
5
AUDUSD to drop
AUDUSD
, 240Short
ewtradersbh
Im at bearish side.Remain with this structure. Trade with your own risk.
10
7
$FET Long Term Forecast
Nology3000
#FET Long Term Forecast When NYSE:FET , MIL:OCEAN and SEED_DONKEYDAN_MARKET_CAP:AGIX merge into CSELK:ASI next week, I don't expect there to be much deviation from price. Especially given NYSE:FET holders are going to get 1:1 for $ASI. It all depends on where CSELK:ASI lands in the wave up, which is supposed to be in the next week. A more...
1
USDJPY → False break of support, Yen weakens. 160.0 again?
USDJPY
, 240Long
RLindaUpdated
FX:USDJPY fell under the correction wave, which was caused by the liquidation of buyers based on the change in the fundamental sentiment of the dollar index. It didn't last long. Buyers liquidation on the back of strong bullish trend. (A big player collects the position) In general, both technically and fundamentally, the situation remains unfavorable for...
20
2
BITCOIN → Strong fundamentals and interest lead us to $80K
BTCUSD
, 600Long
RLindaUpdated
BINANCE:BTCUSD reaches a strong $71500 liquidity zone as strong ETH-ETF related news is released. A trap from the market maker catches the crowd off guard and now the market is ready to move onToretically, the correction wave ends after the false breakdown of resistance and liquidity zone 71500. Bulls successfully hold the defense above the support 67241....
419
54
EURCHF → A safe CHF could lead to a fall in the pairing
EURCHF
, 240Short
RLinda
OANDA:EURCHF is actively declining towards 0.9677 and is not ready to go up yet. Based on the general fundamental background, the currency pair may continue to fall towards 0.96 or 0.95After a false breakdown of the range support, there is no strong reaction and the price returns to the level (retest). Fundamentally, CHF is stronger than EUR. The reason for...
7
1
Gold possible ranging for many months (triangle). 7/June/24
XAUUSD
, 1DShort
SteveTan
XAUUSD need to form a base (possible triangle) before breaking A.T.H again. Interestingly Gold price drop more than $40 before the release of today NFP data.
5
GOLD - Starting another wave up to 2720 (+17%)
XAUUSD
, 1DLong
XanroxUpdated
GOLD is in a strong bull market, that's for sure. The key to success is to trade with a trend to increase the probability of your decisions. GOLD is likely to make a multiyear bull market and can double or triple in price in a few years.Of course, if you hold GOLD, that's very smart for the upcoming years. But right now, we need to take a look at short-term...
48
23
BTC To Drop
BTCUSDT
, 1DShort
ewtradersbh
Let we see this structure. Setup failed if invalidation level broken.
3
Let me explain the "USDT DOMINANCE" impulse wave perspective
USDT.D
, 1DShort
EAGLE_S_S
Hello, friends. Nice to meet you I'm going to tell you about the USDT domination that shows the direction of Bitcoin and AltcoinBased on the impulse wave, we expect to be making 5 waves now, and we expect the target to reach 3.35% to 3%.The waves look very pretty, and you can now trade by referring to this chartBitcoin and altcoins fall as usdt.d rises...
4
cakeusdt gold signal
CAKEUSDT
, 240Long
babyrichcrypto
Hi#CAKE has broken out of the symmetrical triangle with high volume and has also surpassed the horizontal resistance. An upward move is anticipated as long as it continues to trade above the horizontal support,buy zone : 2.90 to 3.15targets:3.30-3.46-3.60thank you follow me
5
BTCUSDT 15-Minute Chart: Anticipating Wave (C) Downtrend - Ellio
BTCUSDT.P
, 15Short
aymane_fiverr
In this detailed Elliott Wave analysis on the 15-minute BTCUSDT chart, we observe the completion of a 5-wave impulsive move, potentially setting up for a corrective ABC pattern. The price action has already delineated waves (A) and (B) of the corrective structure, suggesting that wave (C) might follow, leading to a potential downtrend.Key levels and...
1