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Elliott Wave

Bitcoin - 50% crash is starting! (2017 trendline, huge warning)Bitcoin is in the final stage of the bullish cycle, and we want to look for the best price to sell and prepare for the 2025/2026 bear market! The best price to sell Bitcoin is at the 1.618 FIB extension or at the main long-term 2017-2021-2025 trendline. This is exactly at 122,069, as we can see on the chart. And 2 weeks ago, Bitcoin hit both the Fibonacci level and trendline! So this is a strong sell signal. Buying Bitcoin at the tipity top of a bullish cycle is not the best idea, because we will see 60,000 USD per Bitcoin in 2026! From the Elliott Wave perspective, there is probably only 1 high-probability scenario, and it's this ending diagonal pattern (rising wedge). I think we will see a final 2 waves on Bitcoin to form an ending diagonal wedge pattern (1-2-3-4-5). Bitcoin just finished wave 5 and is starting a brand new corrective pattern. But you can be more conservative and wait for more confirmations, such as a break of the 50-week moving average. Waiting for such confirmations in general gives us a higher chance of success but a lower risk-to-reward ratio; in other words, you can't catch the top. I always recommend using simple moving averages with 20, 50, 100, and 200 periods because this is what the big players are using as well. These MAs are very popular among giant institutions, banks, and investors. What's more, Bitcoin seasonality is telling us that August and September are the most bearish months for Bitcoin statistically. So you probably want to sell before a sell-off kicks in. Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
BITSTAMP:BTCUSDShort
by Xanrox
179
GOLD → The market is waiting for NFP. What could happen?FX:XAUUSD is bouncing off resistance at 3310, confirming the upper limit of the new trading range. The dollar continues to rally, but the market as a whole is stagnating ahead of upcoming news—NFP is coming up! Gold is consolidating at monthly lows around $3268, awaiting key US labor market data (NFP). Trump's new tariffs (10% globally, 35% for Canada, 39% for Switzerland) have boosted demand for the dollar, putting pressure on gold. Markets are waiting for NFP: forecast +110K jobs, unemployment 4.2%. Weak data (<100K) → gold may rise to $3400. Strong (>150K) → the dollar will strengthen, gold will continue to fall. The probability of a Fed rate cut in September is <50%. Based on yesterday's data, I would cautiously suggest that NFP will be in the range of 125K–145K, slightly above the consensus (110K). This will play into Trump's hands (I think you understand what I mean...). Resistance levels: 3300, 3310, 3320 Support levels: 3287, 3268, 3255 The news has a negative nuance — unpredictability. Be careful. Technically, based on the data we have at the moment, I would assume that the market may test resistance at 3300-3310 before a possible pullback to the specified support. BUT! Unpredictable data could turn the game around, and in that case, if the dollar falls, gold could start to rise. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
17
GOLD → Retest of resistance within a bearish runFX:XAUUSD breaks through the upward trend support amid a rallying dollar. Since the opening of the session, the price has been testing the zone of interest, but bears are quite aggressive... Gold is partially recovering after falling to $3,268, a monthly low caused by the Fed's hawkish tone. The Central Bank kept its rate at 4.25–4.5% (9 votes to 2), highlighting uncertainty due to Trump's tariffs. Markets now estimate the probability of the rate remaining unchanged in September at 58% (previously 35%). The dollar's rise slowed amid concerns about the extension of the US-China trade truce and profit-taking ahead of key US employment data (after strong ADP and GDP reports). The nearest drivers are labor market statistics and trade news, while the technical picture for gold remains bearish. Technically, on D1, the price is breaking key support zones, including the trend line, which overall only increases selling pressure on the metals market... Resistance levels: 3310, 3320, 3334 Support levels: 3287, 3267, 3255 As part of the correction, the price has exhausted the entire daily ATR, forming a retest of the liquidity and interest zone. If the bears keep the price below 3320-3310, gold may head towards support... Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
24
SP500 → Countertrend correction before growthFX:SPX500 is correcting against an upward trend. In the second half of the week, the market received fairly positive fundamentals during the reporting period. S&P 500 futures found support after strong reports from Meta and Microsoft, which exceeded earnings expectations and forecasts thanks to AI. The rise in futures supported demand for the “Magnificent Seven” despite Powell's hawkish comments. The focus is on Apple and Amazon reports in the evening, which could strengthen the tech rally. On Friday, we are seeing a countertrend correction in which the market is testing the 6288 zone of interest. Support levels: 6288.4, 6262.6 Resistance levels: 6342, 6371 Most likely, the market will form a false breakout of support during the correction. If the bulls keep the index above the key level, we can expect continued growth in the short and medium term. Best regards, R. Linda!
FX:SPX500Long
by RLinda
5
Crypto Market Slows Down For A Pullback Within A Bullish TrendGood morning Crypto traders! Cryptocurrencies are coming slightly lower on the intraday basis due to stock market decline yesterday, but we still see them approaching support, so still be aware of a bounce and recovery at the end of the week or maybe next week because of an upcoming weekend. Crypto TOTAL market cap chart can be trading in wave »y« of a complex w-x-y correction in wave 4, unless it's a flat correction, but support is the same at 3.6T – 3.5T area, from where we may see a bullish continuation within wave 5.
CRYPTOCAP:TOTALLong
by ew-forecast
1
Today’s Opportunity: Stay Sharp on GBPJPY!Hey friends, Here's my latest analysis on GBPJPY. 📌 Buy Entry Zone: 197.590 - 197.336 🎯 Target Level: 198.642 📅 Today, major economic data will be released from the U.S. Make sure to factor this into your fundamental analysis. 📊 It’s not just about the charts—fundamentals matter too. Technical + Fundamental = Powerful outcomes ✅ 💬 Every like and bit of support keeps me going. Thanks so much to everyone backing this journey! 🙌
Long
by TraderTilki
4
Bitcoin: New All-Time High — What’s Next?Bitcoin had an incredible run, breaking the old all-time high ($111,980) with strong bullish momentum and setting a fresh ATH at $123,218 (Binance). We just witnessed the first major corrective move of ~6% and a decent bounce so far — but the big question is: What’s next? Will Bitcoin break higher over the summer or form a trading range here? Let’s dive into the technicals. 🧩 Higher Timeframe Structure May–June Range: BTC was stuck between $110K–$100K, forming an ABC corrective pattern. Using trend-based Fib extension (TBFE) from A–B–C: ✅ C wave completed at $98,922 (1.0 TBFE) ✅ Upside target hit at $122,137 (-1 TBFE) Full Bull Market TBFE: ➡️ 1.0 → $107,301 → previously rejected ➡️ 1.272 → $123,158 → recent rejection zone Pitchfork (log scale): ➡️ Tapped the upper resistance edge before rejecting. Previous Bear Market Fib Extension: ➡️ 2.0 extension at $122,524 hit. 2018–2022 Cycle TBFE: ➡️ 1.618 at $122,011 tapped. Macro Fibonacci Channel: ➡️ Connecting 2018 low ($3,782), 2021 ATH ($69K), 2022 low ($15,476) → 1.618–1.666 resistance band: $121K–$123.5K. ✅ Conclusion: Multiple fib confluences mark the $122K–$123K zone as critical resistance. Daily Timeframe ➡️ FVG / Imbalance: Big daily Fair Value Gap between the prior ATH and $115,222 swing low. BTC broke the prior ATH (pATH) without retest → a pullback to this zone is likely. Lower Timeframe / Short-Term Outlook We likely saw a completed 5-wave impulse up → now correcting. The -6% move was probably wave A, current bounce = wave B, next leg = wave C. ➡ Wave B short zone: $120K–$121K ➡ Wave C target (1.0 TBFE projection): ~$113,326 ➡ Confluence at mid-FVG + nPOC Trade Setups 🔴 Short Setup: Entry: $120,300–$121,000 Stop: Above current ATH (~$123,300) Target: $113,500 R:R ≈ 1:2.3 🟢 Long Setup: Entry: Between Prior ATH and $113,000 Stop: Below anchored VWAP (~$110,500) Target: Higher, depending on bounce confirmation. 🧠 Educational Insight: Why Fibs Matter at Market Extremes When markets push into new all-time highs, most classic support/resistance levels disappear — there’s simply no historical price action to lean on. That’s where Fibonacci extensions, channels, and projections become powerful tools. Here’s why: ➡ Fibonacci extensions (like the 1.272, 1.618, 2.0) help estimate where trend exhaustion or profit-taking zones may appear. They are based on the psychology of crowd behavior, as traders anchor expectations to proportional moves from previous swings. ➡ Trend-Based Fib Extensions (TBFE) project potential reversal or continuation zones using not just price levels, but also the symmetry of prior wave moves. ➡ Fibonacci channels align trend angles across multiple market cycles, giving macro context — like how the 2018 low, 2021 ATH, and 2022 low project the current 1.618–1.666 resistance zone. In short: When you don’t have left-hand price history, you lean on right-hand geometry. That’s why the $122K–123K zone wasn’t just random — it’s a convergence of multiple fib levels, cycle projections, and technical structures across timeframes. ⚡ Final Thoughts Bitcoin faces major resistance around $122K–$123K backed by multiple fib and structural levels. A retest of the prior ATH zone (~$112K–$113K) looks probable before the next big directional move. Watch lower timeframe structure for signs of completion in this corrective phase. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
5
XRPUSDT → Range formation. Retest of resistanceBINANCE:XRPUSDT.P , after a false breakout of the daily resistance level of 3.352 and the elimination of traders, has entered a correction phase. The trading range shown below has been formed, with an emphasis on resistance... XRP previously formed a false breakout of the daily resistance level of 3.352, as indicated in the idea above. After changing its market character, the price entered a correction phase. Focus on the range of 3.00 - 3.264. A retest of resistance (zone of interest and liquidity) is possible before falling to 3.161, 3.05 or to the liquidity zone of 3.00. There are no technical or fundamental reasons for exiting the consolidation; most likely, a retest of the zone of interest may end in manipulation and a pullback to support... Resistance levels: 3.1609, 3.264, 3.352 Support levels: 3.05, 3.00 I do not rule out the fact that a retest of the 3.264 resistance level may have a breakout structure and the price will continue to rise, but based on the price behavior pattern on D1, the market structure, and market stagnation, I conclude that at the moment, the chances of seeing a correction from resistance are higher. Further developments will need to be considered after the retest of key zones on the chart... Best regards, R. Linda!
Short
by RLinda
12
#Nifty directions and levels for August 1st:Good morning, friends! 🌞 Here are the market directions and levels for August 1st: The global market (based on the Dow Jones) has shown a moderately bearish sentiment, while the local market continues to display a bearish tone. Today, Gift Nifty indicates a neutral opening. What can we expect today? In the previous session, both Nifty and Bank Nifty experienced high volatility. However, the closing happened around the middle of the current swing, indicating a possible range-bound market. Until this range is broken, we cannot expect a strong directional move. If the range breaks, we can follow the breakout direction. In my side, the structures of Nifty and Bank Nifty appear slightly different. Nifty continues to show bearish sentiment, whereas Bank Nifty is showing signs of a mild bounce back. So, they may counterbalance each other, and if that happens, we may see a neutral closing by the end of the day. On the other hand, if the market breaks immediate support or resistance with a solid candle or after consolidation, we can expect a directional move in that breakout direction.
NSE:NIFTY
by Manickamtraders
1
ZORA 5-Wave Completion — 30% Crash Incoming?After exploding +1150% in just 20 days and completing all 5 waves, ZORA is now consolidating — trading sideways just under the $0.10 psychological level for the past 4 days. 📉 Current Market Structure The current structure shows signs of a developing Head & Shoulders pattern, with price: Trading below the daily open (dOpen) and weekly open (wOpen) → Bearish signs Hovering near the prior daily open (pdOpen) → a breakdown here would confirm bearish continuation 🔴 Short Setup - Bearish Scenario If ZORA breaks below pdOpen, we’re likely heading for: 0.618 Fib retracement at $0.06137 of the final wave 5 Confluence with 1.272 Trend-Based Fib Extension (TBFE) at $0.06148 This zone marks the next high-probability reaction point and a potential long opportunity if price shows a bounce or reversal. 📉 Overall Short Trade Target The full retracement target sits between $0.0529 and $0.0514, offering multiple layers of confluence: 0.5 Fib retracement of the full 1150% move 0.786 Fib retracement of the final wave 5 Aligned with an old trading range and daily level This makes it an ideal demand zone for patient bulls but only once price confirms. 💡 Educational Insight This setup highlights an example of Elliott Wave Theory in action — after a strong 5-wave impulse move, markets often enter a corrective phase. The completion of wave 5, especially near key psychological levels like $0.10, often marks a local top, where price corrects toward key Fibonacci retracement zones. Combining wave structure with confluence factors like Fib levels, VWAP, and prior trading ranges helps traders identify high-probability reversal zones — allowing for better timing, risk management, and trade planning. Always wait for confirmation before jumping into any trades. Summary Bearish continuation confirmed on pdOpen breakdown First support zone: $0.0613–$0.0614 Final downside target: $0.0529–$0.0514 Look for long opportunities only on reaction + confirmation _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
7
EUR/USD Elliott Wave Count Signals Downside TargetsThe EUR/USD chart is displaying a completed 5-wave Elliott impulse structure, suggesting the potential start of a larger corrective move to the downside. Wave 5 appears to have finished after a classic ending diagonal pattern, with price now breaking below the wave 4 support trendline — a strong confirmation of trend exhaustion. Currently, price is retracing upward towards the 0.5–0.618 Fibonacci retracement zone of the last impulsive leg, around 1.15912–1.16383, which may serve as the final rejection zone for bears to re-enter. This area aligns perfectly with prior support-turned-resistance and is considered the potential reversal pocket. If price holds below the 1.17869 invalidation level, the structure supports the beginning of an ABC correction or a larger bearish impulse. Target 1 (T1): 1.14800 Target 2 (T2): 1.13915 Stop Loss (SL): 1.17869 This scenario remains valid as long as the price does not break above 1.17869. A clean break and close above this level would invalidate the bearish setup and suggest a possible wave extension.
by Money_Dictators
UNI Analysis (4H)UNI – Correction Might Bring Opportunity Currently, UNI is forming an A–B–C corrective pattern, and based on technical structure, this correction may complete around the $8.8 level. Key Zone to Watch: $9.0 – $8.5 There's a strong demand zone just below $9, supported by historical price action. On the daily time frame, a broken cup & handle formation aligns perfectly with this area — the old neckline may now act as support, increasing the confluence. This overlap of structure and demand makes the $9–$8.5 zone a favorable entry for a long position. Once price reaches this area, expect a significant upward correction as part of the next move in the cycle. Good Luck.
Long
by vs_sayin
EURGBP Steps Into A Correction Within Ongoing RecoveryEURGBP is sharply down after reaching April highs for wave »v« of an impulse into wave A. As expected, the pair is now unfolding a three-wave abc corrective setback within higher-degree wave B. Currently, EURGBP is breaking below the channel support line in a sharp and impulsive projected wave »a«. A corrective recovery in wave »b« may follow, considering that RSI is already at the lower side of its range. Overall, we are still tracking this correction toward the 0.85x support area, which could act as a base before a potential bullish continuation higher into wave C.
Long
by ew-forecast
Nasdaq Short: multiple reasonsOver here, I present to you the Nasdaq short idea again. For my previous idea, it was stopped out at 23500. This time, I changed the wave counts again, mainly merging the previous wave 5 into wave 3, allowing for the new high to be a wave 5. On top of that, here are the few other reasons for the short: 1. Fibonacci extension levels: Wave 5 is slightly more than Wave 1. 2. RSI overbought for the 3rd time on the hourly timeframe. 3. Rising wedge false breakout. 4. Head-and-shoulders on the 1-min timeframe. As usual, the stop for this idea is slightly above the recent high, around 23700. Thank you.
OANDA:NAS100USDShort
by yuchaosng
2
BTCUSDT – Diametric G-Leg Underway?⏱ Timeframe: 4H / 1H 🔍 Method: NeoWave + Smart Money Concepts (SMC) 📍Posted by: CryptoPilot ⸻ 🧠 NeoWave Progression Update As outlined in our previous analysis, we are tracking a potential Contracting Diametric structure (A–G) originating from the March 2025 highs. 🚨 The G-Leg may now be actively unfolding. Here’s what just happened: • Price rejected sharply from the supply zone near 119,000–119,500, exactly where Wave F was expected to end. • After a drop to 115,780 (minor trendline), price bounced, but failed to make a new high, stalling at 118,700, forming a lower high → classic signature of a developing G-Leg. • This G-wave likely aims to break below Wave E low, seeking imbalance fills and structural resets. ⸻ 📊 Smart Money Confluence (SMC / ICT) • 🟥 Bearish Market Structure confirmed via MSS on 1H: Lower Highs + Internal BOS • 🟨 Buy-side Liquidity above 120k was already swept • 🔻 Price failed to reclaim OB block around 119.5k • 🧩 FVGs remain open between 114.5k–113k, acting as magnet zones • 📉 Expectation: Price may now break the ascending minor trendline and accelerate toward the major structure low 📌 Primary Scenario: • Wave G of Diametric in motion • Potential structure: Zigzag or Complex Combination • Expectation: Bearish continuation to break below 113k 📌 Alternative Scenario: • If price closes above 120.5k, diametric structure may be invalidated • Watch for triangle/flat development instead ⸻ ⚠️ Risk Management Note: Price action near 118.7k–119.5k is crucial. Reclaiming that zone with strength changes the bias. Until then, sellers remain in control. 💬 Final Thought: We’re tracking the final stages of a multi-month complex correction. The rejection at supply, combined with SMC signals and NeoWave symmetry, suggests sellers may push price into deeper demand zones soon. ⸻ 📌 Follow CryptoPilot for advanced wave structure updates, market geometry insights, and ICT-style smart money traps. 💬 Share your views or alternate wave counts in the comments!
Short
by CryptoPilot
Hood 5th wave looks toppyHood is one of my larger holdings and I have been riding the wave waiting for a pullback for months. I believe the time is now. This is chart I posted elsewhere that I forgot to share here. I think 65$ is a real possibility. The last four pullbacks were all over 40%. Not the stochastic monthly is starting divergence and the BBWP has remained elevated for a long time. My plan: Sit on my shares. Close my covered calls into 2027 if we dump a lot Buy zone between 65-75$
NASDAQ:HOODShort
by Apollo_21mil
1
Ping An Group (2318) is on the long riseHere is my Elliott Waves analysis for 2318 on HKEX. I did it for all history of the group and believe that we are at the start of wave 3 of very very big 3 now, which means it is going to be multi-year rise, of course, if the count is correct. After making a long correction, which I labeled as W-X-Y, the stock started to print a leading expanding diagonal. I detected this pattern in a number of stocks in China as situation started to improve with government support (JD is an example, see my previous idea). I believe that correction is 99% behind as we gapped up today on decent volumes from the bullish flag upper edge. And this today's move pushed the price above 200 Weekly EMA and closed there. Bullish cross of 50 to 100 EMAs on weekly is coming right now. I don't want to wait for EMAs to perfectly line up as now there is enough evidence for we are set to go higher long term. Full big picture labelling can be found here:
HKEX:2318Long
by evgenii_tr_tech