Elliottwave
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LISTA/BNB one-off charting
Got some free LISTA (many thanks to Binance Megadrop!) and #LISTABNB seems to have a very interesting #Elliottwave structure: an impulsive 5th wave went right into the 1.764 extension, slightly exceeding 0.618 of the 3rd and the rising wedge, and got rejected from ATH.
The drop looks impulsive but arguably only 3 waves so far so immediate path higher still possible if 0.0012 holds and back above 0.0014 would make a stronger case for that. However if a fifth wave forms, probably in the ballpark of 0.0011xxx then a much larger drop likely follows after a corrective sideways-to-up action.
As is right now, I like $BNB more and therefor sold some LISTA. Please note though, charting in minutes and charting new coin are both not very reliable, so this post is a combination of both and should be taken with a huge grant of salt.
I'm probably not gonna look at the LISTABNB trading pair for a long time, until it gets more trading history or unless LISTA gains more traction and can be traded against #EUR . I do plan to review the weekly/monthly charts of #BTCEUR and #BNBEUR this weekend after the quarter close: longterm charts, of major coins, against major fiats, are much more reliable.
The drop looks impulsive but arguably only 3 waves so far so immediate path higher still possible if 0.0012 holds and back above 0.0014 would make a stronger case for that. However if a fifth wave forms, probably in the ballpark of 0.0011xxx then a much larger drop likely follows after a corrective sideways-to-up action.
As is right now, I like $BNB more and therefor sold some LISTA. Please note though, charting in minutes and charting new coin are both not very reliable, so this post is a combination of both and should be taken with a huge grant of salt.
I'm probably not gonna look at the LISTABNB trading pair for a long time, until it gets more trading history or unless LISTA gains more traction and can be traded against #EUR . I do plan to review the weekly/monthly charts of #BTCEUR and #BNBEUR this weekend after the quarter close: longterm charts, of major coins, against major fiats, are much more reliable.
#BTCEUR weekly chart update for those not actively trading: $BTC is in solid uptrend above 45k #EUR so don't get shaken out by intraday swing, this healthy consolidation can be viewed as 4th #Elliottwave or bull flag.
LIVEEuroChartCreator
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#BTCEUR Aggressive short stop should now be downed to 59k #EUR or lower. Very micro I can see a 4th #Elliottwave forming so expecting at least one more low. Still no setup for aggressive long $BTC , though eyeing 56k for potential bottom at least on the hourly.
#BTCEUR Aggressive short stop should now be downed to 59k #EUR or lower. Very micro I can see a 4th #Elliottwave forming so expecting at least one more low. Still no setup for aggressive long $BTC , though eyeing 56k for potential bottom at least on the hourly.
LIVEEuroChartCreator
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#BTCEUR dips into my sub 60k #EUR target zone from last week so I'm starting to look for bottoming structure for $BTC : on the hourly I think we will still get a lower low under 59311 but positive divergence has been building up, though no setup for aggressive long at the moment. Aggressive short can move stop from 62k down to 61500.
For the #Elliottwave nerds, the overall structure of the decline from the 66k top is clearly corrective so don't bother about the subwaves, just remember that the last leg of a diagonal can be sharp, as well as the reversal that follows.
For the #Elliottwave nerds, the overall structure of the decline from the 66k top is clearly corrective so don't bother about the subwaves, just remember that the last leg of a diagonal can be sharp, as well as the reversal that follows.
#BNBEUR dips into lower end support, while I certainly can make case for Ending Diagonal in #Elliottwave term, 504 #EUR remains the proof of the pudding. Aggressive trader can use 522 as long stop and 536 as short stop. I'm now favor net movement to the upside for the next few days, a micro lower low first not withstanding. #BNBAnalysis
LIVEEuroChartCreator
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BNBEUR still below 580 cluster
$BNB got the expected lower low and the subsequent bounce is corrective so far. The #BNBHODLer activity gave a boost from the 536.8 #EUR low but note the rally off the 550 low seems to be 3 waves in #Elliottwave term. If that low holds, measured move to the upside only target 579.1, around the important 580 level for #BNBEUR
Weekly view: look for 420 if under 510, without invalidating the longterm bull case; aggressive long should already have a stop under 540 though.
Bonus: those interested in the potential outperformance of BNBvsSOL should pay close attention to the 0.20-0.16 region of SOLBNB, and I would not want to see it drop under 0.13:
#BNBAnalysis
Weekly view: look for 420 if under 510, without invalidating the longterm bull case; aggressive long should already have a stop under 540 though.
Bonus: those interested in the potential outperformance of BNBvsSOL should pay close attention to the 0.20-0.16 region of SOLBNB, and I would not want to see it drop under 0.13:
#BNBAnalysis
Trader Credible Sgurto believes that in 30 days after the beginning of the next impulse bitcoin can reach the $100,000 mark.
He highlighted the previous #bitcoin☀️ momentum, which resulted in the price of the leading cryptocurrency rising from $38,514 to $73,805. Notably, this first momentum lasted 50 days, with a 91% increase from January 23 to March 13.
Credible Sgurto's forecast is based on the #Elliottwave Theory, which is popular among technical analysts when analyzing trends. According to the theory, a #BullMarkets consists of five waves, three of which are “impulsive”. Usually, the third wave is the most aggressive and provides higher profits in a shorter period of time.
#CryptoTradingGuide #LayerZero
He highlighted the previous #bitcoin☀️ momentum, which resulted in the price of the leading cryptocurrency rising from $38,514 to $73,805. Notably, this first momentum lasted 50 days, with a 91% increase from January 23 to March 13.
Credible Sgurto's forecast is based on the #Elliottwave Theory, which is popular among technical analysts when analyzing trends. According to the theory, a #BullMarkets consists of five waves, three of which are “impulsive”. Usually, the third wave is the most aggressive and provides higher profits in a shorter period of time.
#CryptoTradingGuide #LayerZero
🌊
$FTM USDT hinting at an Elliott Wave pattern!
📈
Remember, it's a guide for trend direction, not precise prices. Caution: failure to sustain Wave 2 resistance might fuel more bullish activity.
🚀
Stay sharp, traders!
📊💹
#CryptoMarketPredictions #Ftmusdt #Elliottwave #MarketOutlook
$FTM USDT hinting at an Elliott Wave pattern!
📈
Remember, it's a guide for trend direction, not precise prices. Caution: failure to sustain Wave 2 resistance might fuel more bullish activity.
🚀
Stay sharp, traders!
📊💹
#CryptoMarketPredictions #Ftmusdt #Elliottwave #MarketOutlook
🚀 Ethereum ( $ETH ) Update: Bulls vs. Bears Showdown! 🐂🆚🐻
🔍 Dive into the intricate dance of the crypto market with Ethereum as it navigates the tussle between bullish momentum and short setup resilience. 📊💡
#EthereumEconomy #CryptoCurrents #etf #Elliottwave 📈✨
🔍 Dive into the intricate dance of the crypto market with Ethereum as it navigates the tussle between bullish momentum and short setup resilience. 📊💡
#EthereumEconomy #CryptoCurrents #etf #Elliottwave 📈✨
#Ethereum Elliot Wave Theory IMO
Possible pullback $1820/$1800 (wave 4)
Targets after it $1980/$2030
#TRADINGTIPS #Elliottwave #FibonacciLevels
Possible pullback $1820/$1800 (wave 4)
Targets after it $1980/$2030
#TRADINGTIPS #Elliottwave #FibonacciLevels
#bitcoin Elliot Wave Theory IMO
Pullback to $29k or even $28k
Targets after it:
- $31780
- 33665
#TRADINGTIPS #TradingStrategy #FibonacciLevels #Elliottwave
Pullback to $29k or even $28k
Targets after it:
- $31780
- 33665
#TRADINGTIPS #TradingStrategy #FibonacciLevels #Elliottwave
coin #TIAonBinance
can be monitored, waiting for validation of rejection from wave (B), I open a Short order there.
#Elliottwave correction
can be monitored, waiting for validation of rejection from wave (B), I open a Short order there.
#Elliottwave correction
#BNBEUR setup for the next few hours:
Taking a small $BNB long here against 622 #EUR as I can make a argument for 5 waves up #Elliottwave
Minimal target measured move to 639, max loss 0.90%.
Taking a small $BNB long here against 622 #EUR as I can make a argument for 5 waves up #Elliottwave
Minimal target measured move to 639, max loss 0.90%.
LIVEEuroChartCreator
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BNBEUR approaching intermediate top
After #BNBEUR breaking out of a triangle to the upside, the target of 700+ #EUR from Wednesday becomes even more realistic. However, several indicators are showing negative divergence on the daily and weekly. Given triangle in #Elliottwave term is either a 4th wave or b wave formation, with only one last leg to go, one should be cautioned that the current rally will end soon and a sizable correction will follow in probably a few weeks. Longterm $BNB buyer should be able to get a better entry in Q3 or Q4.
On the weekly chart while several projections point to the 750 region, one should pay close attention to the breakout level around 580, with 13 SMA as last defense.
On the very short timeframe, the 617 level from Friday is still holding, I'm now moving it a bit lower to 616 as stop for agressive long, and adding 655 as stop for agressive short = confirmation of upside continuation.
On the weekly chart while several projections point to the 750 region, one should pay close attention to the breakout level around 580, with 13 SMA as last defense.
On the very short timeframe, the 617 level from Friday is still holding, I'm now moving it a bit lower to 616 as stop for agressive long, and adding 655 as stop for agressive short = confirmation of upside continuation.
BNBEUR approaching intermediate top
After #BNBEUR breaking out of a triangle to the upside, the target of 700+ #EUR from Wednesday becomes even more realistic. However, several indicators are showing negative divergence on the daily and weekly. Given triangle in #Elliottwave term is either a 4th wave or b wave formation, with only one last leg to go, one should be cautioned that the current rally will end soon and a sizable correction will follow in probably a few weeks. Longterm $BNB buyer should be able to get a better entry in Q3 or Q4.
On the weekly chart while several projections point to the 750 region, one should pay close attention to the breakout level around 580, with 13 SMA as last defense.
On the very short timeframe, the 617 level from Friday is still holding, I'm now moving it a bit lower to 616 as stop for agressive long, and adding 655 as stop for agressive short = confirmation of upside continuation.
On the weekly chart while several projections point to the 750 region, one should pay close attention to the breakout level around 580, with 13 SMA as last defense.
On the very short timeframe, the 617 level from Friday is still holding, I'm now moving it a bit lower to 616 as stop for agressive long, and adding 655 as stop for agressive short = confirmation of upside continuation.
BTCEUR still not made up its mind
While the stops from last week are no longer stops, their price levels remains highly relevant as #BTCEUR is still trading mainly in range of 3 weeks ago, between 62k-65k #EUR
I'm currently watching two #Elliottwave path:
blue as diagonal to retest the March top north of 67k;pink as impulse down to the 2021 top around 60k;
I'm giving blue path a slight edge at the moment as $BTC is still on top of the symmetrical triangle but there's a lot of air under 63k. In the very short term aggressive trader can use 65.7k as short stop or 63.6k as long stop.
I'm currently watching two #Elliottwave path:
blue as diagonal to retest the March top north of 67k;pink as impulse down to the 2021 top around 60k;
I'm giving blue path a slight edge at the moment as $BTC is still on top of the symmetrical triangle but there's a lot of air under 63k. In the very short term aggressive trader can use 65.7k as short stop or 63.6k as long stop.
#BTCEUR still within multi-weeks range of 62k-65k, but increasingly likely to revisit 60k #EUR
Just a reminder though that even with a drop under 50k, $BTC still have a very bullish structure in #Elliottwave term.
Just a reminder though that even with a drop under 50k, $BTC still have a very bullish structure in #Elliottwave term.
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Binance Announcement
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EUR Spot Campaign: Trade EUR to Get Up to 250 USDC in Token Voucher!
Fellow Binancians,
Binance has launched a new promotion for users in the Euro (EUR) zone. During the Activity Period, users who click [Register Now] on the Activity page and trade a minimum of 100 EUR on any of the available EUR spot trading pairs (including both buy and sell transactions), will be eligible for rewards.
Activity Period: 2024-06-13 12:00 (UTC) - 2024-06-26 12:00 (UTC)
Each eligible user may qualify to receive up to 250 USDC in token voucher as per the rewards structure below. Rewards will be distributed to a limited number of qualified users in each tier on a first-come, first served basis.
The final token voucher reward received by each qualified user depends on their total EUR trading volumes on Binance Spot during the Activity Period.
EUR Reward Structure
TierMinimum EUR Trading Volume on Binance Spot During Activity PeriodUSDC Token Voucher Reward Per Each Qualified UserNumber of Qualified Users1500,000250202100,0005075310,0002515041,0003500510011,000
Join the Promotion Now!
Terms & Conditions
Only verified users who click [Register Now] on the Activity page during the Activity Period will be eligible for any rewards.This Activity is open to retail users only. VIP and institutional clients are not eligible to participate in this Activity.Each user may qualify for a maximum of one reward on a first-come, first-served basis.Token voucher rewards will be distributed to eligible users within 14 working days after the Activity ends. Users may check their rewards via Account > Rewards Hub.The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a token voucher.A sub-account’s trading volume will not be combined with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this Activity.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk registered accounts, self dealing, or market manipulation).Binance reserves the right in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice at any time, including but not limited to canceling, extending, terminating, or suspending this Activity, its eligibility terms, and criteria, the selection and number of winners, and the timing of any act to be done.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-06-13
Disclaimer: In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
Binance has launched a new promotion for users in the Euro (EUR) zone. During the Activity Period, users who click [Register Now] on the Activity page and trade a minimum of 100 EUR on any of the available EUR spot trading pairs (including both buy and sell transactions), will be eligible for rewards.
Activity Period: 2024-06-13 12:00 (UTC) - 2024-06-26 12:00 (UTC)
Each eligible user may qualify to receive up to 250 USDC in token voucher as per the rewards structure below. Rewards will be distributed to a limited number of qualified users in each tier on a first-come, first served basis.
The final token voucher reward received by each qualified user depends on their total EUR trading volumes on Binance Spot during the Activity Period.
EUR Reward Structure
TierMinimum EUR Trading Volume on Binance Spot During Activity PeriodUSDC Token Voucher Reward Per Each Qualified UserNumber of Qualified Users1500,000250202100,0005075310,0002515041,0003500510011,000
Join the Promotion Now!
Terms & Conditions
Only verified users who click [Register Now] on the Activity page during the Activity Period will be eligible for any rewards.This Activity is open to retail users only. VIP and institutional clients are not eligible to participate in this Activity.Each user may qualify for a maximum of one reward on a first-come, first-served basis.Token voucher rewards will be distributed to eligible users within 14 working days after the Activity ends. Users may check their rewards via Account > Rewards Hub.The validity period for the token voucher is set at 14 days from the day of distribution. Learn how to redeem a token voucher.A sub-account’s trading volume will not be combined with the master account’s standard trading volume in the final calculation. Each sub-account will not be viewed as an independent account when participating in this Activity.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk registered accounts, self dealing, or market manipulation).Binance reserves the right in its sole and absolute discretion to determine and/or amend or vary these Activity Terms without prior notice at any time, including but not limited to canceling, extending, terminating, or suspending this Activity, its eligibility terms, and criteria, the selection and number of winners, and the timing of any act to be done.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-06-13
Disclaimer: In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
#BNBEUR has a decent chance to bottom here on the hourly level, it's getting back above the red channel and I can make case for 5 waves up in #Elliottwave term, 582 #EUR can be used as aggressive short stop for the next few hours. Just be mindful that $BNB is still in a down trend on the daily so 554 is a good stop for aggressive long. On the weekly it's solidly in a uptrend.
BNBEUR hourly 530 vs 580
$BNB clearly posted a 3 waves up in #Elliottwave term, off the 511.4 low and reversed quickly below the 2021 double top.
First sign of new bullish trend will be back above the upper half of the red channel ~= the important level of 580 #EUR
Until then I'm watching bottoming structure for #BNBEUR around 530:
Failing to hold 530 on the daily, or 504 as intraday signal, next major support will probably not be found until the lower 400 region:
First sign of new bullish trend will be back above the upper half of the red channel ~= the important level of 580 #EUR
Until then I'm watching bottoming structure for #BNBEUR around 530:
Failing to hold 530 on the daily, or 504 as intraday signal, next major support will probably not be found until the lower 400 region:
