ElliottWaveTheory
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Bitcoin Elliott Wave Analysis :
Anticipating the Next Move**
#ElliottWaveTheory #CryptoMarketMoves #elliotwave #Write2Earn! #BinanceSquareFamily
In the latest **Elliott Wave analysis** of Bitcoin, the current price action indicates that we are at the **end of wave 1** in a larger **5-wave** structure.
- Current Position : Bitcoin is positioned at the conclusion of **wave 1**, suggesting that the market is transitioning into the next phase.
- Short-Term Outlook : A **bearish corrective move** is expected to form **wave 2**, which may lead to a temporary decline in price.
- Future Potential : Following this corrective phase, a **bullish move** is anticipated, allowing traders to prepare for potential upward momentum.
Conclusion :
The Elliott Wave analysis indicates that Bitcoin is currently in a transitional phase, likely heading towards a bearish correction before resuming its bullish trajectory.
Advice :
- Watch for Wave 2 : Keep an eye on price movements to identify the onset of the bearish corrective wave.
- Prepare for Bullish Resumption : After wave 2 concludes, be ready for potential buying opportunities as the bullish trend re-emerges.
- Engage with Analysis : If you have questions about Elliott Wave analysis, don't hesitate to ask for clarification to better inform your trading decisions.
In summary, understanding the current Elliott Wave structure can provide valuable insights into Bitcoin's future price movements, emphasizing the importance of monitoring market trends and preparing for fluctuations.
Anticipating the Next Move**
#ElliottWaveTheory #CryptoMarketMoves #elliotwave #Write2Earn! #BinanceSquareFamily
In the latest **Elliott Wave analysis** of Bitcoin, the current price action indicates that we are at the **end of wave 1** in a larger **5-wave** structure.
- Current Position : Bitcoin is positioned at the conclusion of **wave 1**, suggesting that the market is transitioning into the next phase.
- Short-Term Outlook : A **bearish corrective move** is expected to form **wave 2**, which may lead to a temporary decline in price.
- Future Potential : Following this corrective phase, a **bullish move** is anticipated, allowing traders to prepare for potential upward momentum.
Conclusion :
The Elliott Wave analysis indicates that Bitcoin is currently in a transitional phase, likely heading towards a bearish correction before resuming its bullish trajectory.
Advice :
- Watch for Wave 2 : Keep an eye on price movements to identify the onset of the bearish corrective wave.
- Prepare for Bullish Resumption : After wave 2 concludes, be ready for potential buying opportunities as the bullish trend re-emerges.
- Engage with Analysis : If you have questions about Elliott Wave analysis, don't hesitate to ask for clarification to better inform your trading decisions.
In summary, understanding the current Elliott Wave structure can provide valuable insights into Bitcoin's future price movements, emphasizing the importance of monitoring market trends and preparing for fluctuations.
Bitcoin's Bullish Trend :
Eyeing Strong Gains with Cup & Handle Pattern
#Bitcoin❗ #ElliottWaveTheory #cupandhandle #Write2Earn! #BinanceSquareFamily
**Bitcoin** is showing signs of a strong bullish trend, as indicated by the **Cup and Handle** pattern and **Elliott Wave Theory**. According to these patterns, Bitcoin could be positioned for significant upward movement, especially as it enters wave 3 of the Elliott cycle. This phase is typically marked by accelerated gains, making it an optimal point to consider holding positions and planning for profit-taking once wave 3 peaks.
Key Points :
- Pattern Indicators : Cup and Handle, Elliott Wave Theory
- Current Phase : Wave 3 (historically associated with rapid upward momentum)
- Strategy : Hold positions and prepare to take profit as wave 3 concludes
Conclusion & Advice :
With Bitcoin's bullish setup confirmed by multiple technical indicators, this phase could present an opportunity for gains. Investors may consider holding their positions and setting profit targets as wave 3 progresses.
However, staying vigilant for any trend reversals is advised to lock in potential profits.
Eyeing Strong Gains with Cup & Handle Pattern
#Bitcoin❗ #ElliottWaveTheory #cupandhandle #Write2Earn! #BinanceSquareFamily
**Bitcoin** is showing signs of a strong bullish trend, as indicated by the **Cup and Handle** pattern and **Elliott Wave Theory**. According to these patterns, Bitcoin could be positioned for significant upward movement, especially as it enters wave 3 of the Elliott cycle. This phase is typically marked by accelerated gains, making it an optimal point to consider holding positions and planning for profit-taking once wave 3 peaks.
Key Points :
- Pattern Indicators : Cup and Handle, Elliott Wave Theory
- Current Phase : Wave 3 (historically associated with rapid upward momentum)
- Strategy : Hold positions and prepare to take profit as wave 3 concludes
Conclusion & Advice :
With Bitcoin's bullish setup confirmed by multiple technical indicators, this phase could present an opportunity for gains. Investors may consider holding their positions and setting profit targets as wave 3 progresses.
However, staying vigilant for any trend reversals is advised to lock in potential profits.
Bearish Signals for ETH : Preparing for a Potential Market Drop**
#ElliottWaveTheory #BEARISH📉 #Write2Earn! #BinanceSquareFamily #etherium
Ethereum (ETH) currently exhibits a bearish setup, suggesting another downturn may be on the horizon. While Bitcoin's chart presents mixed signals with multiple fakeouts, Ethereum’s chart offers a clearer outlook that could influence the broader market:
1. Elliott Wave Analysis : ETH is in the fifth wave of a larger corrective pattern, indicating a potential final downward move.
2. Key Support Levels : ETH's price hovers above a critical trendline. A breakdown could target $2,260 initially, with a pessimistic projection down to $1,700 if bearish momentum continues.
3. Market Implications : Given this structure, further declines in ETH could impact Bitcoin and altcoins, signaling caution across the crypto market.
Conclusion & Advice :
This setup implies a cautious approach for traders. Monitoring Ethereum’s trendline is crucial—any breakdown might intensify bearish momentum, affecting BTC and altcoins. Investors may consider risk management strategies, as the current structure leans toward another market dip.
#ElliottWaveTheory #BEARISH📉 #Write2Earn! #BinanceSquareFamily #etherium
Ethereum (ETH) currently exhibits a bearish setup, suggesting another downturn may be on the horizon. While Bitcoin's chart presents mixed signals with multiple fakeouts, Ethereum’s chart offers a clearer outlook that could influence the broader market:
1. Elliott Wave Analysis : ETH is in the fifth wave of a larger corrective pattern, indicating a potential final downward move.
2. Key Support Levels : ETH's price hovers above a critical trendline. A breakdown could target $2,260 initially, with a pessimistic projection down to $1,700 if bearish momentum continues.
3. Market Implications : Given this structure, further declines in ETH could impact Bitcoin and altcoins, signaling caution across the crypto market.
Conclusion & Advice :
This setup implies a cautious approach for traders. Monitoring Ethereum’s trendline is crucial—any breakdown might intensify bearish momentum, affecting BTC and altcoins. Investors may consider risk management strategies, as the current structure leans toward another market dip.
Market Price Movement $BTC Education: What Is the Elliott Wave Theory?
The Elliott Wave Theory in technical analysis describes price movements in the financial market. Developed by Ralph Nelson Elliott, it observes recurring fractal wave patterns identified in asset price movements and consumer behavior. Investors who profit from a market trend are described as riding a wave.
Key Takeaways:
- The Elliott Wave theory is a technical analysis of price patterns related to changes in investor sentiment and psychology.
- The theory identifies impulse waves that establish a pattern and corrective waves that oppose the larger trend.
- Each set of waves is within another set of waves that adhere to the same impulse or corrective pattern, described as a fractal approach to investing.
How Do You Trade Using Elliott Wave Theory?
If a trader sees an asset moving upward on an impulse wave, they may go long until it completes its fifth wave. Anticipating a reversal, the trader may then go short on the asset. Underlying this trading theory is the idea that fractal patterns recur in financial markets. In mathematics, fractal patterns repeat themselves on an infinite scale.
#ElliottWaveTheory #financialeducation #ElliottImpulsiveWave #ElliottImpulsiveWave #Elliottwaves
The Elliott Wave Theory in technical analysis describes price movements in the financial market. Developed by Ralph Nelson Elliott, it observes recurring fractal wave patterns identified in asset price movements and consumer behavior. Investors who profit from a market trend are described as riding a wave.
Key Takeaways:
- The Elliott Wave theory is a technical analysis of price patterns related to changes in investor sentiment and psychology.
- The theory identifies impulse waves that establish a pattern and corrective waves that oppose the larger trend.
- Each set of waves is within another set of waves that adhere to the same impulse or corrective pattern, described as a fractal approach to investing.
How Do You Trade Using Elliott Wave Theory?
If a trader sees an asset moving upward on an impulse wave, they may go long until it completes its fifth wave. Anticipating a reversal, the trader may then go short on the asset. Underlying this trading theory is the idea that fractal patterns recur in financial markets. In mathematics, fractal patterns repeat themselves on an infinite scale.
#ElliottWaveTheory #financialeducation #ElliottImpulsiveWave #ElliottImpulsiveWave #Elliottwaves
Close your BTC short positions guys. Because BTC performing Expanding Ending diagonal now. So BTC can reached 60,000 - 61,000. Or you can book your profit and hold your short positions.
#BTC☀ #bitcoin☀️ #ElliottWaveTheory
#BTC☀ #bitcoin☀️ #ElliottWaveTheory
#BTC☀ Now performing Y wave according to #ElliottWaveTheory . You can open Short entry now.
Please always use proper leverage and manageable margin.
Please always use proper leverage and manageable margin.
⬆️HIGH VOLUME TEST + ANOMALY
$BNB
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The rebound seems to be confirmed.
Insiders tested supply, but the high volume might indicate a rebound - if you have a look at my last post, it should be part of a corrective wave.
Moreover, the following candle should be observed under the Effort vs. Result Law - the decreasing volume should produce a candle with a narrower body, but in this case we have an anomaly.
Your thoughts?
#bnb #BNBAnalysis #TechnicalAnalys #ElliottWaveTheory #VolumeMatters
$BNB
------------
The rebound seems to be confirmed.
Insiders tested supply, but the high volume might indicate a rebound - if you have a look at my last post, it should be part of a corrective wave.
Moreover, the following candle should be observed under the Effort vs. Result Law - the decreasing volume should produce a candle with a narrower body, but in this case we have an anomaly.
Your thoughts?
#bnb #BNBAnalysis #TechnicalAnalys #ElliottWaveTheory #VolumeMatters
$BTC 3 levels of fib we need to closely watch if we want the market to pump till 90k this September.
else the market will still crash till around 30k.
comment if you want to learn about #ElliottWaveTheory
else the market will still crash till around 30k.
comment if you want to learn about #ElliottWaveTheory
Bitcoin's resurgence, driven by recent positive developments such as Fed Chairman Jerome Powell's remarks and strong US employment data, has reignited optimism among option traders, with expectations of hitting $75,000 and $100,000 thresholds. QCP Capital analysts noted the uptick in volatility and rates post-recovery, emphasizing a positive BTC risk reversal favoring calls over puts. This sentiment bolstered traders' outlook for higher price targets in September.
John Glover, Chief Investment Officer at Ledn, shared a bullish stance, predicting a potential surge to $92,000 for Bitcoin. Leveraging the Elliott Wave theory, Glover suggested a probable correction to $52,000-$55,000 before embarking on the upward trajectory towards $92,000. Despite recent fluctuations, Glover remains confident in Bitcoin's price action aligning with his anticipated Wave 4 pattern, with the ultimate projection pointing to the $92,000 mark.
#Bitcoin #BTC #Cryptocurrency #MarketAnalysis #ElliottWaveTheory #PricePrediction #OptionTrading
John Glover, Chief Investment Officer at Ledn, shared a bullish stance, predicting a potential surge to $92,000 for Bitcoin. Leveraging the Elliott Wave theory, Glover suggested a probable correction to $52,000-$55,000 before embarking on the upward trajectory towards $92,000. Despite recent fluctuations, Glover remains confident in Bitcoin's price action aligning with his anticipated Wave 4 pattern, with the ultimate projection pointing to the $92,000 mark.
#Bitcoin #BTC #Cryptocurrency #MarketAnalysis #ElliottWaveTheory #PricePrediction #OptionTrading
🤔DO YOU AGREE?
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$BNB
It seems like a case of stopping volume. And in terms of Elliott waves, this should be the beginning of a B wave.
Since A looked pretty steep, C should resemble more of a sideways movement.
After the rebound of wave B, the price should reach and maintain the $500 level for a while.
#BNBAnalysis #bnb #elliottcorrective #CommunityVoice #ElliottWaveTheory
What do you think?
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$BNB
It seems like a case of stopping volume. And in terms of Elliott waves, this should be the beginning of a B wave.
Since A looked pretty steep, C should resemble more of a sideways movement.
After the rebound of wave B, the price should reach and maintain the $500 level for a while.
#BNBAnalysis #bnb #elliottcorrective #CommunityVoice #ElliottWaveTheory
What do you think?
#RUNE 4hr. Chart Analysis
$RUNE [ThorChain] at present going to Bullish trend after the update news and it will be moving under #ElliottImpulsiveWave and after completed its final Wave recently, it was starts moving towards first #CorrectionWaves formally as well.
From $3.1 at 7th Nov., its #ElliottWaveTheory starts and grown upto $6.68 around and finally now its correction wave starts that will be finish out approx. $4.5 to $4.3 before next week start-up with new cycle.
Lets see, whats the actual points of movements at every cut-off points but major chances that it will be take a correction before another #Bullish trend towards next ride of $13-$15 next time.
Always DYOR before investing or Trading and use Stoploss into Tradings too, Its NFA 🙏
$RUNE [ThorChain] at present going to Bullish trend after the update news and it will be moving under #ElliottImpulsiveWave and after completed its final Wave recently, it was starts moving towards first #CorrectionWaves formally as well.
From $3.1 at 7th Nov., its #ElliottWaveTheory starts and grown upto $6.68 around and finally now its correction wave starts that will be finish out approx. $4.5 to $4.3 before next week start-up with new cycle.
Lets see, whats the actual points of movements at every cut-off points but major chances that it will be take a correction before another #Bullish trend towards next ride of $13-$15 next time.
Always DYOR before investing or Trading and use Stoploss into Tradings too, Its NFA 🙏
#BTC☀ is currently undergoing its 3rd wave extension. It's important to closely monitor my indicated area. After reaching the 70000 to 72000 areas, there may be a slight pullback followed by a retest, with a 95% likelihood of a significant pullback to the 48000 to 50000 areas.
This is my #ElliottWaveTheory prediction. Be safe trade carefully guys.
This is my #ElliottWaveTheory prediction. Be safe trade carefully guys.
#BTC☀ my idea. This up trend continue 70,000 to 72,000. Careful watch that price areas and trade safe guys
#ElliottWaveTheory
#Write2Earn!
#ElliottWaveTheory
#Write2Earn!
📉 Bitcoin falls to new weekly low on consumer sentiment drop and rising inflation. Negative ETF flows add pressure ahead of inflation report. Buy liquidity weak at $60K, bids at $58K. Heat map hints at $52K drop. Elliot Wave suggests potential bottom. Better buying next week? #etfflows #ElliottWaveTheory
Did You Know,
#ElliottWaveTheory
#elliotwave
@Mr_Master
The Elliott Wave Theory is a concept in technical analysis used to analyze financial market cycles and forecast future price movements. Here's a simple explanation:
Basic Concept: The theory proposes that market price movements follow repetitive patterns, known as waves, which are influenced by investor psychology and crowd behavior.
Five-Wave Structure: According to Elliott Wave Theory, market cycles consist of impulsive and corrective waves.
Impulsive waves: Move in the direction of the larger trend and are composed of five smaller waves labeled as 1, 2, 3, 4, and 5.
Corrective waves: Move against the larger trend and are composed of three smaller waves labeled as A, B, and C.
Three Rules for Impulsive Waves:
Wave 2 cannot retrace more than 100% of wave 1.
Wave 3 cannot be the shortest of waves 1, 3, and 5.
Wave 4 cannot overlap with the price territory of wave 1.
Wave Interpretation:
Waves 1, 3, and 5 represent the direction of the primary trend (upward or downward).
Waves 2 and 4 are corrective waves that provide opportunities for market participants to enter positions in the direction of the larger trend.
Corrective Waves:
Corrective waves (A, B, and C) retrace a portion of the preceding impulsive wave.
They provide a temporary pause or counter-trend movement within the larger trend.
° Traders and analysts use Elliott Wave Theory to identify potential entry and exit points in the market, determine price targets, and assess the overall market trend.
Follow Us to Get more Knowledge
@Mr_Master
#Knowledge
#fundermental
#ElliottWaveTheory
#elliotwave
@Mr_Master
The Elliott Wave Theory is a concept in technical analysis used to analyze financial market cycles and forecast future price movements. Here's a simple explanation:
Basic Concept: The theory proposes that market price movements follow repetitive patterns, known as waves, which are influenced by investor psychology and crowd behavior.
Five-Wave Structure: According to Elliott Wave Theory, market cycles consist of impulsive and corrective waves.
Impulsive waves: Move in the direction of the larger trend and are composed of five smaller waves labeled as 1, 2, 3, 4, and 5.
Corrective waves: Move against the larger trend and are composed of three smaller waves labeled as A, B, and C.
Three Rules for Impulsive Waves:
Wave 2 cannot retrace more than 100% of wave 1.
Wave 3 cannot be the shortest of waves 1, 3, and 5.
Wave 4 cannot overlap with the price territory of wave 1.
Wave Interpretation:
Waves 1, 3, and 5 represent the direction of the primary trend (upward or downward).
Waves 2 and 4 are corrective waves that provide opportunities for market participants to enter positions in the direction of the larger trend.
Corrective Waves:
Corrective waves (A, B, and C) retrace a portion of the preceding impulsive wave.
They provide a temporary pause or counter-trend movement within the larger trend.
° Traders and analysts use Elliott Wave Theory to identify potential entry and exit points in the market, determine price targets, and assess the overall market trend.
Follow Us to Get more Knowledge
@Mr_Master
#Knowledge
#fundermental
Bitcoin's Short-Term Roadmap Post Iran-Israel Tension**
#ElliottWaveTheory #Zigzag #Bitcoin❗ #BinanceSquareFamily #BTC☀
After rising geopolitical tensions between Iran and Israel, Bitcoin fell below the **21-SMA (Weekly)** and **200-SMA (Daily)**. Bitcoin is currently approaching the resistance zone of **$62,860-$62,110**. According to **Elliott Wave Theory**, Bitcoin is completing wave 4, which may be a **Zigzag Correction**. If the support lines are broken, it will confirm the end of wave 4.
Fundamental analysis shows a significant drop in active Bitcoin addresses, the largest since 2021, which could be a bearish signal.
Conclusion :
Bitcoin may drop to the **$60,000-$59,100** support zone in the near future.
Advice for Investors :
Watch for a break in the support zone for further declines, and prepare for potential bearish momentum.
#ElliottWaveTheory #Zigzag #Bitcoin❗ #BinanceSquareFamily #BTC☀
After rising geopolitical tensions between Iran and Israel, Bitcoin fell below the **21-SMA (Weekly)** and **200-SMA (Daily)**. Bitcoin is currently approaching the resistance zone of **$62,860-$62,110**. According to **Elliott Wave Theory**, Bitcoin is completing wave 4, which may be a **Zigzag Correction**. If the support lines are broken, it will confirm the end of wave 4.
Fundamental analysis shows a significant drop in active Bitcoin addresses, the largest since 2021, which could be a bearish signal.
Conclusion :
Bitcoin may drop to the **$60,000-$59,100** support zone in the near future.
Advice for Investors :
Watch for a break in the support zone for further declines, and prepare for potential bearish momentum.
BTC's Elliott Wave Analysis: Potential Drop to $64,000
#ElliottWaveTheory #BTC☀ #Write2Earn! #BinanceSquareFamily #CryptoUpdate
Recent analysis of Bitcoin's (BTC) price movement suggests we may be nearing the end of a **5-point Elliott Wave structure**, indicating a potential decline to **$64,000**. The current bullish trend has been characterized by significant upward movements, but signs are emerging that a corrective phase could be imminent.
According to the Elliott Wave theory, Bitcoin is completing its fifth wave, which traditionally signals the end of a bullish cycle. This could lead to a retracement as profit-taking and market corrections typically follow such a sequence.
The analysis highlights critical support levels to watch :
- **Current Price:** BTC is trading just above **$68,000**.
- **Support Levels:** Key support is found at **$64,000**, which aligns with the expected drop.
Indicators such as the Relative Strength Index (RSI) and volume analysis show signs of overextension, suggesting that buying pressure may be weakening as the market prepares for a potential downturn.
Conclusion & Advice :
With Bitcoin approaching the end of its current wave structure, traders should remain cautious about entering long positions.
Advice :
Consider implementing a stop-loss strategy to mitigate potential losses and closely monitor price action around the **$64,000** support level. A breach below this level may signal further declines, while a rebound could indicate a new buying opportunity if market conditions align. Always stay informed of broader market trends and news that could impact BTC's price.
#ElliottWaveTheory #BTC☀ #Write2Earn! #BinanceSquareFamily #CryptoUpdate
Recent analysis of Bitcoin's (BTC) price movement suggests we may be nearing the end of a **5-point Elliott Wave structure**, indicating a potential decline to **$64,000**. The current bullish trend has been characterized by significant upward movements, but signs are emerging that a corrective phase could be imminent.
According to the Elliott Wave theory, Bitcoin is completing its fifth wave, which traditionally signals the end of a bullish cycle. This could lead to a retracement as profit-taking and market corrections typically follow such a sequence.
The analysis highlights critical support levels to watch :
- **Current Price:** BTC is trading just above **$68,000**.
- **Support Levels:** Key support is found at **$64,000**, which aligns with the expected drop.
Indicators such as the Relative Strength Index (RSI) and volume analysis show signs of overextension, suggesting that buying pressure may be weakening as the market prepares for a potential downturn.
Conclusion & Advice :
With Bitcoin approaching the end of its current wave structure, traders should remain cautious about entering long positions.
Advice :
Consider implementing a stop-loss strategy to mitigate potential losses and closely monitor price action around the **$64,000** support level. A breach below this level may signal further declines, while a rebound could indicate a new buying opportunity if market conditions align. Always stay informed of broader market trends and news that could impact BTC's price.