Elliottwave
95,243 views
187 Posts
Hot
Latest
#BTCEUR looks more constructive now with arguably an #Elliottwave impulsive structure. A 5th wave push into 54k #EUR will be a much better signal but $BTC should hold above 48.5k #euro for the immediate bull case to be viable. Personally I'm already moving the stop up to 49.8k for at least 75% of the long position to protect more gain. Dropping under 50k without reaching 54k first will practically invalidate the impulsive character of this really.
LIVEEuroChartCreator
--
#BTCEUR got into the hourly buy zone as expected, stop can now be moved up to last low ~47.4k #EUR or your entry break-even. If still wish to initiate a non-zero position, one might delve into 15min and long against 47.7k tight stop. Given the action off the low is not clearly #Elliottwave impulsive, $BTC bear certainly has good argument to short against 50.5k/51.2k/54k #euro depending on risk tolerance.
$SUPER expanding diagonal đđ„
#SuperFarm #Superusdt #CryptoMarketMoves #CPI_BTC_Watch #Elliottwave
#SuperFarm #Superusdt #CryptoMarketMoves #CPI_BTC_Watch #Elliottwave
#BTCEUR got into the hourly buy zone as expected, stop can now be moved up to last low ~47.4k #EUR or your entry break-even. If still wish to initiate a non-zero position, one might delve into 15min and long against 47.7k tight stop. Given the action off the low is not clearly #Elliottwave impulsive, $BTC bear certainly has good argument to short against 50.5k/51.2k/54k #euro depending on risk tolerance.
LIVEEuroChartCreator
--
BTC Aug.2024 review
#BTCEUR remains in bull flag since the March ATH, with a quick hit-n-reverse ~45k #EUR which is well telegraphed before July 24Q2 review. While the path toward that Aug. low is more complexe then I initially expected, it exactly fits the corrective characteristics of a 4th #Elliottwave labeled in yellow.
To the upside, 90k region is a very good conservative target, it would make orange (5) roughly 0.618 of (3), and yellow V 0.618 of III. Additionally 2.236 is a common target for a 5th wave, in this case for the yellow V. 2.618 or 116k can be an outsize target but we will only evaluate its possibility after the March ATH is taken out.
For now the Aug. low is important to watch as it happened to test the lower limit of the most bullish interpretation. By no means the longterm bullish potential breaks if BTC gets lower, but making a higher low in Sep. would be a nice confirmation of an immediate bull run. Under 40k EUR would be a red flag for bulls and under 36k the impulsive upside potential will no longer be viable. Longterm hodlers can use the 50/55WMA combo or the 89WMA as guidance to manage risk.
Looking closer, the action off the Aug. low is rather corrective, but that's ok as we are looking for a wave 1 which can be an LD, and the entire 5th can also be an ED. For shortterm traders 50k-47k is a decent long entry and fibs support for bulls, with defined risk of 46.9k stop. Bears on the other hand can use 55k and 56k as aggressive short stops.
TLDR: maintain $BTC target 90k #euro as long as 45k holds.
To the upside, 90k region is a very good conservative target, it would make orange (5) roughly 0.618 of (3), and yellow V 0.618 of III. Additionally 2.236 is a common target for a 5th wave, in this case for the yellow V. 2.618 or 116k can be an outsize target but we will only evaluate its possibility after the March ATH is taken out.
For now the Aug. low is important to watch as it happened to test the lower limit of the most bullish interpretation. By no means the longterm bullish potential breaks if BTC gets lower, but making a higher low in Sep. would be a nice confirmation of an immediate bull run. Under 40k EUR would be a red flag for bulls and under 36k the impulsive upside potential will no longer be viable. Longterm hodlers can use the 50/55WMA combo or the 89WMA as guidance to manage risk.
Looking closer, the action off the Aug. low is rather corrective, but that's ok as we are looking for a wave 1 which can be an LD, and the entire 5th can also be an ED. For shortterm traders 50k-47k is a decent long entry and fibs support for bulls, with defined risk of 46.9k stop. Bears on the other hand can use 55k and 56k as aggressive short stops.
TLDR: maintain $BTC target 90k #euro as long as 45k holds.
$PEOPLE coin went up as I expected (46% đ„đ„ł)
#PEOPLEbullish #peopel #PEOPLEpump #PEOPLEUSDT #Elliottwave
#PEOPLEbullish #peopel #PEOPLEpump #PEOPLEUSDT #Elliottwave
LIVEDilWi
--
Bullish
$PEOPLE coin is now at the end of wave 2 of a major impulse, so you can watch that yellow box and catch a good long trade for wave 3. đđ„ (DYOR)
#PEOPLEbullish #PEOPLEpump #PEOPLEUSDT #peopel #dilwi
#PEOPLEbullish #PEOPLEpump #PEOPLEUSDT #peopel #dilwi
#BNBEUR chops sideways under the expected resistance above, while 5th #Elliottwave of some degree can be considered done, as long as the quoted 510 #EUR stop holds, more immediate upside around 570 can be seen. First support below around 480 if $BNB breaches stop. #BNBAnalysis
LIVEEuroChartCreator
--
The #Elliottwave diagonal green channel keeps working for #BNBEUR and long stop is now up to 510 #EUR
It was a good idea to move the aggressive short stop down to 535 as quoted below and that level now becomes support for short term bull.
Note that $BNB is likely approaching a temporary top as
1. negative divergence is building up on the hourly,
2. the angle of ascent is being flatten,
3. we're now just slightly below the 2021 double top and the March'24 ATH,
4. 557 is both 0.618 retracement off the June high and 1.618 extension off the July low.
Expect more resistance in the near term.
#BNBAnalysis
It was a good idea to move the aggressive short stop down to 535 as quoted below and that level now becomes support for short term bull.
Note that $BNB is likely approaching a temporary top as
1. negative divergence is building up on the hourly,
2. the angle of ascent is being flatten,
3. we're now just slightly below the 2021 double top and the March'24 ATH,
4. 557 is both 0.618 retracement off the June high and 1.618 extension off the July low.
Expect more resistance in the near term.
#BNBAnalysis
The #Elliottwave diagonal green channel keeps working for #BNBEUR and long stop is now up to 510 #EUR
It was a good idea to move the aggressive short stop down to 535 as quoted below and that level now becomes support for short term bull.
Note that $BNB is likely approaching a temporary top as
1. negative divergence is building up on the hourly,
2. the angle of ascent is being flatten,
3. we're now just slightly below the 2021 double top and the March'24 ATH,
4. 557 is both 0.618 retracement off the June high and 1.618 extension off the July low.
Expect more resistance in the near term.
#BNBAnalysis
It was a good idea to move the aggressive short stop down to 535 as quoted below and that level now becomes support for short term bull.
Note that $BNB is likely approaching a temporary top as
1. negative divergence is building up on the hourly,
2. the angle of ascent is being flatten,
3. we're now just slightly below the 2021 double top and the March'24 ATH,
4. 557 is both 0.618 retracement off the June high and 1.618 extension off the July low.
Expect more resistance in the near term.
#BNBAnalysis
LIVEEuroChartCreator
--
The green channel works pretty well for #BNBEUR, it flirted around 485 #EUR but 475 stop held and rallied into 540, a shortable region as quoted below. Stop can be moved down to 535 if you took the short.
Note that this $BNB rally off the July low has been rather corrective #Elliottwave so lots of variations on the hourly. As long as the current pullback holds above 490 I can see 555+ next. I'm keeping my long stop at 475 for the moment, though nothing wrong with taking (partial) profit here if went long against 435 and/or 475.
Note that this $BNB rally off the July low has been rather corrective #Elliottwave so lots of variations on the hourly. As long as the current pullback holds above 490 I can see 555+ next. I'm keeping my long stop at 475 for the moment, though nothing wrong with taking (partial) profit here if went long against 435 and/or 475.
See original
$PEPE already 15% up, as i said đđ„
#pepe⥠#PepeCoinToTheMoon #PEPEUSDT #meme_coin #Elliottwave
#pepe⥠#PepeCoinToTheMoon #PEPEUSDT #meme_coin #Elliottwave
LIVEDilWi
--
Bullish
$PEPE coin is now in W4, so if you watch this, you can get a long trade for W5 đđđ€
#pepe⥠#PepeCoinToTheMoon #PEPEUSDT #meme_coin #1000PEPE
#pepe⥠#PepeCoinToTheMoon #PEPEUSDT #meme_coin #1000PEPE
Stop for #BTCEUR long now up to 58k #EUR as 4th #Elliottwave can be considered complete. First upside cluster around 63k, don't chase with full weight if you just now fomo in. 57k and 53k are first support levels if stop breached. $BTC
LIVEEuroChartCreator
--
Stop for #BTCEUR long now up to 56k #EUR
Adding the green channel as guide since $BTC broke out above the yellow one. Lower green crosses upper yellow around 57k, above that I see 62k+ next. Otherwise the azure #Elliottwave labels make more sense than the red ones, implies we topped at 60690, aggressive short can try against that swing high.
Adding the green channel as guide since $BTC broke out above the yellow one. Lower green crosses upper yellow around 57k, above that I see 62k+ next. Otherwise the azure #Elliottwave labels make more sense than the red ones, implies we topped at 60690, aggressive short can try against that swing high.
đ
$FTM USDT hinting at an Elliott Wave pattern!
đ
Remember, it's a guide for trend direction, not precise prices. Caution: failure to sustain Wave 2 resistance might fuel more bullish activity.
đ
Stay sharp, traders!
đđč
#CryptoMarketPredictions #Ftmusdt #Elliottwave #MarketOutlook
$FTM USDT hinting at an Elliott Wave pattern!
đ
Remember, it's a guide for trend direction, not precise prices. Caution: failure to sustain Wave 2 resistance might fuel more bullish activity.
đ
Stay sharp, traders!
đđč
#CryptoMarketPredictions #Ftmusdt #Elliottwave #MarketOutlook
đ Ethereum ( $ETH ) Update: Bulls vs. Bears Showdown! đđđ»
đ Dive into the intricate dance of the crypto market with Ethereum as it navigates the tussle between bullish momentum and short setup resilience. đđĄ
#EthereumEconomy #CryptoCurrents #etf #Elliottwave đâš
đ Dive into the intricate dance of the crypto market with Ethereum as it navigates the tussle between bullish momentum and short setup resilience. đđĄ
#EthereumEconomy #CryptoCurrents #etf #Elliottwave đâš
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
LIVEDilWi
--
Bullish
$BNB bullish scenario đ
#BNBAnalysis #BnbAth #BNBToken #BNBUSDT #BNB_Market_Update
#BNBAnalysis #BnbAth #BNBToken #BNBUSDT #BNB_Market_Update
#BTCEUR 15min chart looking up to 55k #EUR then we will see how pullback behaves, bulls want to see 50k holds to confirm "bottom is in"; aggressive bears could try to short against 58k stop. Counting #Elliottwave at minutes chart is not always productive, discipline to stop out is a must. In case you're losing faith of $BTC due to the "crash" of last few days, check the long term review quoted below.
LIVEEuroChartCreator
--
BTCEUR 24Q2 review
Filtering out intraday noises, #BTCEUR monthly has been in a very tight range since BTC struck a ATH in March.
Looking closer at the weekly, the "drop" from the March top has been corrective and looks more like a consolidation/bull flag than a crash. Again from last week: even a drop into 45k #EUR is very bullish, a typical target range of 4th #Elliottwave is the 0.236-0.382 retracement of the 3rd, in this case roughly 52k-45k. Warning for long term holders: under 34k is not good!
Getting to the daily, typical targets for the ABC pattern are 1.0/1.236/1.618 extension of A, here 52k-49k-45k. Where did I hear that range before?
While I much prefer a lower low to be seen, to be more confident about the pattern but also to be able to buy more, we're technically close enough to declare the first target of 52k has been reached. It would be a pity if the correction ends here.
Attention check: without going back to the monthly chart above, did you notice the drop since July?
Now sentiment check: did you panic for the drop of the last few days? Should you?
#BTCanalysis
Looking closer at the weekly, the "drop" from the March top has been corrective and looks more like a consolidation/bull flag than a crash. Again from last week: even a drop into 45k #EUR is very bullish, a typical target range of 4th #Elliottwave is the 0.236-0.382 retracement of the 3rd, in this case roughly 52k-45k. Warning for long term holders: under 34k is not good!
Getting to the daily, typical targets for the ABC pattern are 1.0/1.236/1.618 extension of A, here 52k-49k-45k. Where did I hear that range before?
While I much prefer a lower low to be seen, to be more confident about the pattern but also to be able to buy more, we're technically close enough to declare the first target of 52k has been reached. It would be a pity if the correction ends here.
Attention check: without going back to the monthly chart above, did you notice the drop since July?
Now sentiment check: did you panic for the drop of the last few days? Should you?
#BTCanalysis
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
#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
