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Wave Analysis

Are we on Super Bullish Express Highway ? Elliott Waves RoadmapHello friends, Welcome to RK_Chaarts Today we're attempting to analyze Bitcoin's chart, specifically the BTCUSD chart, from an Elliott Wave perspective. Looking at the monthly timeframe chart, which spans the entire lifetime of Bitcoin's data since 2011, we can see the overall structure. According to Elliott Wave theory, it appears that a large Super Cycle degree Wave (I) has completed, followed by a correction in the form of Super Cycle degree Wave (II), marked in blue. Now, friends, it's possible that we're unfolding Super Cycle degree Wave (III), which should have five sub-divisions - in red I, II, III, IV, & V. We can see that we've completed red I & II, and red III has just started. If the low we marked in red II doesn't get breached on the lower side, it can be considered our invalidation level. Next, within red III, we should see five primary degree sub-divisions in black - ((1)), ((2)), ((3)), ((4)) & ((5)). We can see that we've completed black ((1)) & ((2)) and black ((3)) has just started. Within black ((3)), we should see five intermediate degree sub-divisions in blue - (1) to (5). Blue (1) has just started, and within blue one, we've already seen red 1 & 2 completed, and red 3 is in progress. So, we're currently in a super bullish scenario, a third of a third of a third. Yes, the chart looks extremely bullish. We won't commit to any targets here as this is for educational purposes only. The analysis suggests potential targets could be very high, above $150,000 or $200,000, if the invalidation level of $98,240 isn't breached. But again, friends, this video is shared for educational purposes only. Many people think that the market doesn't move according to Elliott Waves. But friends, here we've tried to analyze from the monthly time frame to the overly time frame. We've definitely aligned the multi-time frame and also aligned it with the principal rules of Elliott Waves, without violating any of its rules. I agree that the Elliott Wave theory can be a bit difficult, and for those who don't practice it deeply, it can be challenging. But yes, the market moves according to this methodology, following this pattern. This is a significant achievement. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BITSTAMP:BTCUSDLong
by RK_Chaarts
12
Rising Wedge on Bitcoin Dominance - [BROKEN DOWNWARDS] The MASSIVE Rising Wedge on Bitcoin Dominance was broken downwards during the past week, most likely the 1W candle will also close below the support of the wedge. What does it mean? The dominance will dump from 64% to at least 59%. This move can already provide us with the huge Altcoin Season! After this there more likely be a small correction towards 60%, and then we can freely dump further towards 54% zone. I expect not only small cap, but major altcoins to be sent to new highs as well. Mark my words & be prepared for the last opportunity of this bull cycle!
CRYPTOCAP:BTC.DShort
by RobertMercer
2
US500 Is Bullish! Long! Here is our detailed technical review for US500. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 6,252.40. The above observations make me that the market will inevitably achieve 6,297.19 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:US500Long
by SignalProvider
2
USDJPY Is Very Bearish! Short! Take a look at our analysis for USDJPY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 147.419. Taking into consideration the structure & trend analysis, I believe that the market will reach 146.283 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
#SEI/USDT Ready to Fly? Breakout #SEI The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it. We have a bounce from the lower boundary of the descending channel. This support is at 0.3140. We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upside. There is a major support area (in green) at 0.3050, which represents a strong basis for the upside. Don't forget a simple thing: ease and capital. When you reach the first target, save some money and then change your stop-loss order to an entry order. For inquiries, please leave a comment. We have a trend to hold above the 100 Moving Average. Entry price: 0.3246 First target: 0.3381 Second target: 0.3521 Third target: 0.3673 Don't forget a simple thing: ease and capital. When you reach the first target, save some money and then change your stop-loss order to an entry order. For inquiries, please leave a comment. Thank you.
Long
by CryptoAnalystSignal
1
#PORTAL/USDT#PORTAL The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We have a bounce from the lower boundary of the descending channel. This support is at 0.0494. We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upside. There is a major support area in green at 0.0461, which represents a strong basis for the upside. Don't forget a simple thing: ease and capital. When you reach the first target, save some money and then change your stop-loss order to an entry order. For inquiries, please leave a comment. We have a trend to hold above the 100 Moving Average. Entry price: 0.0584 First target: 0.0648 Second target: 0.0727 Third target: 0.0840 Don't forget a simple thing: ease and capital. When you reach the first target, save some money and then change your stop-loss order to an entry order. For inquiries, please leave a comment. Thank you.
Long
by CryptoAnalystSignal
1
GOLD (XAUUSD): Another Bullish Pattern Gold perfectly respected a rising trend line on a daily and bounce from that, as I predicted earlier. I see a strong bullish pattern on that now. The price formed a cup & handle pattern and closed on Friday, testing its neckline. The next bullish confirmation that you should look for is its breakout. Daily candle close above 3367 level will provide a breakout validation. A bullish continuation will be expected then. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
11
$SUI Wave 3 to Continue with a Strong Weekly CloseCRYPTOCAP:SUI printed a great weekly candle that will be closing today above the weekly pivot point with RSI trying to flip bullishly. Price found support at 0.5 Fibonacci retracement and High Volume Node. Wave 4 penetrated wave 1 which we potentially have a ending or leading diagonal Elliot Wave count limiting the potential upside with my current terminal target being around $10-13. Wave 4 could also actually be another wave 2 which would give us ridiculous targets but this is my preferred count for now. Safe trading
COINBASE:SUIUSDLong
by Maddox_Metrics