Wave Analysis
BIFO LONG TRADE 11-June-2025BIFO LONG TRADE
- *Historical Performance:* BIFO remained range-bound for 8 years (Nov 2016 to Nov 2024). In December 2024, it broke out in a huge imbalance fashion, forming a spike.
- *Elliott Wave Configuration:* The price action consists of Elliot waves, with the spike being wave 3 and the latest pullback being wave 4. We expect the final upleg or wave 5 to complete the Elliot wave configuration.
🚨 TECHNICAL BUY CALL – BIFO🚨
- Buy levels:
- Current price: 179
- 162
- 150
- Targets:
- TP1: 199
- TP2: 229
- TP3: 280
- Stop Loss: Below 125 - CLOSING BASIS
- Risk Reward Ratio: 3.3
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
Caterpillar: Countertrend ActionCaterpillar’s green wave has further room to run. However, this rise represents only an internal countertrend – the broader correction in beige wave IV is still ongoing. Under our primary scenario, we expect the price to form another low before launching into a sustained advance, which should ultimately push above resistance at $409.40. Meanwhile, our alternative scenario—carrying a 38% probability—suggests that beige wave alt.IV has already bottomed. If that’s the case, the correction is complete, and a direct breakout above $409.40 could follow.
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Altcoin MarketCap - Consolidating Before the Ride!On the chart you can see a Pure Capitazation of Altcoins - Crypto Market Cap Excluding Bitcoin, Ethereum and ALL Stablecoins.
There was formed a very clear model that has all chances of repeating once again:
First goes a strong ascending movement from 0 to a bit higher than 0.618 Fibo lvls.
Then there is a correction inside the descending channel/bull flag down to ~0.382 with one long shadow below that sets a 0 point for a new cycle.
Breakout of a bull flag follows after.
Final stage before the growth is consolidation in the range of 0.382 and 0.5 levels by Fibo.
Pump.
We are currently at the 4th stage , as you might have guessed. The consolidation can still take some time, up to a couple of months, since there are no specific time restrictions that invalidate the model.
However, this doesn't cancel the fact that the target is 1 by Fibo, namely $1.7T MarketCap of Altcoins, which is x2 from current points . I tend to believe holders deserve such a run.
$BTC (Bitcoin) update - June 11, 2025In this video I go into our ABC correction theory for a W2 pull back on BTC. I also take a quick look at CRYPTOCAP:ETH , CRYPTOCAP:XRP and CRYPTOCAP:ADA just to see where the rest of the market is at.
- ABC correction theory is still at play, but I wouldn't recommend shorting as a possible accumulation could be happening.
- Levels to watch: 110.8k, 108.5k, 106.8k, 104.9k.
Trading Game of the day 11-MAY-2025On this day 11-MAY-2025 ,CPI core,m and y was released and all of them were negative for the dollar
My performance depend on patience .
So after release of the NEWS ,be patient and patient and patinet until the price gives you the direction and give you the opportunity to enter the market
1-PDA :- which is the OB
2-Re- (H4-H2-H1-30m) and ST (SHARP TURN)in lower than 15m-TF
3-CISD
4-FVG retraced from it and make another FVG which represent our entry (sell order)
5-sell order from 3340 and the profit is 3330
Thanks
WTI: Need a Breakout the STOP.DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
XAUUSD waiting for my next buycorrection continues i already sold at 3399 and took profit at 3355, i closed it early because it s a sell trade and sell trades doesnt always hit the fibo levels, but still i am expecting price to drop around 3330-3325-3310 area i will buy there. to 35xx target dependin on where it ends.
Today, the gold price is 3360, which is a perfect short positionToday, the gold price is 3360, which is a perfect short position
Intraday strategy ideas: Today, the current price orders are profitable, the data is bullish, but the Fed refuses to cut interest rates. Gold quickly broke through the 32 support, so we will continue to be bullish on the data and continue to try short positions after the price rises.
The gold price fluctuates in the range of 3310-3360
Next period operation ideas:
Continue to arrange short positions in the range of 3358-3364, stop loss: 3370
Continue to arrange long positions in the range of 3300-3310, stop loss: 3290
FORM/USDT Analysis: Another Growth Wave Possible
For this token, abnormal buying by a large player has been visible for several days, followed by strong moves with very low volume.
One of these zones is $2.77–$2.74. We consider buying from this zone if a reaction appears.
This publication is not financial advice.
BTC/USDT Analysis: Unproductive Selling Pressure
Hello everyone! This is a daily analysis from a trader-analyst at CryptoRobotics.
Yesterday, Bitcoin once again tested the sell zone at $110,000–$110,600 (profit-taking by a large player) and moved into another correction.
Looking at the current accumulation, we’ve noticed strong market selling pressure that so far hasn't led to any significant result. The seller’s momentum is weak, so most likely we’ll see another upward impulse and a test of the all-time high (ATH).
Buy Zones:
$105,800–$104,500 (accumulated volumes),
$101,600–$100,000 (zone of previous pushing volumes + current buyer defense),
$98,000–$97,200 (local support),
Level at $93,000,
$91,500–$90,000 (strong buying imbalance).
This publication is not financial advice.
ICP: $20-$30 Next as Major B-Wave 'c' Leg Unfolds?Hey TradingView Community! 👋
I'm refining my Elliott Wave analysis on ICP, and after further review, I'm now leaning towards a Major ABC Zigzag Correction playing out for ICP's long-term structure. This is a significant shift from my previous Flat idea, and it has different implications!
My Current Hypothesis: A Major ABC Zigzag Correction is in Play
Looking at the larger degree, I'm interpreting ICP's initial significant decline from its highs as Major Wave A of a larger ABC Zigzag Correction.
A standard Zigzag is a 5-3-5 wave structure:
Major Wave A: A 5-wave impulse down.
Major Wave B: A 3-wave correction (a-b-c) that retraces only a portion of Wave A (typically 38.2% to 61.8%).
Major Wave C: A 5-wave impulse down, often extending significantly below the end of Wave A.
Focusing on the Current Price Action: The Major Wave B
I believe we are currently within Major Wave B of this larger Zigzag pattern. This Major B-wave should be a 3-wave corrective bounce (a-b-c) against the prevailing downtrend.
My read on the internal structure of this Major B-wave is as follows:
'a' wave (of Major B): The initial upward move of this 'B' wave (which itself is a 3-wave corrective pattern, typically a zigzag or flat).
'b' wave (of Major B): The recent price action, including the strong pump over the last few days/weeks, appears to be the completion of the 'b' wave within Major Wave B. This 'b' wave, being a part of a corrective B-wave, would be a 3-wave counter-trend move against the direction of 'a'.
'c' wave (of Major B): If my count holds, we are now either starting or are very early into the 'c' wave of Major Wave B. This 'c' wave, if it conforms to a zigzag structure, should be a downward-moving 5-wave impulse. This implies a decline to complete the Major B-wave, before the larger Major C-wave unfolds.
Key Difference from the Flat Scenario:
In a Zigzag, the 'B' wave is a corrective pullback that does not retrace significantly (unlike a Flat where it can be 80-100%+). Also, the 'c' wave within the 'B' wave of a Zigzag is typically a 5-wave move in the opposite direction of the 'a' wave.
What Happens Next? (The Big Picture After Major B)
If this Major B-wave (composed of its internal a-b-c corrective pattern) successfully completes its downward journey (with the 'c' wave I'm anticipating), my analysis suggests we should then anticipate the start of Major Wave C of the larger Zigzag correction.
Major Wave C in a Zigzag is typically a powerful, impulsive 5-wave decline, often taking prices significantly below the lows of Major Wave A. This implies a potentially steep decline for ICP to complete the overall correctional pattern.
Crucial Invalidation Point! 🚩
As always, invalidation levels are paramount for risk management.
My primary count for this Major B-wave as a corrective structure is invalidated if:
ICP breaks significantly start level of the 'a' wave of Major B. If 'B' retraces too much of 'A', it breaks the typical Zigzag rule.
What are your thoughts, community?
Do you agree with this shift to a Major Zigzag correction?
Are you seeing the same internal structures for the 'B' wave?
What key levels are you watching for ICP given this potential scenario?
Let's discuss respectfully and help each other gain better insights into ICP's future movements!
#ICP #InternetComputer #ElliottWave #TechnicalAnalysis #CryptoTrading #PricePrediction #TradingView
Weekly trading plan for LINKLink has already reached his 3rd target of the week. The chart shows divergence, but now the price above the monthly pivot point and there is a chance to see a continuation of growth. If it returns under monthly PP we may see a local correction or a deeper one to the weekly PP level
Write a comment with your coins & hit the like button and I will make an analysis for you
The author's opinion may differ from yours,
Consider your risks.
Wish you successful trades ! mura
Bad Time Over for ETH? Second Wave Toward $4,000 Incoming!!🟢 Bad Time Over for ETH? Second Wave Toward $4,000 Incoming
MARKETSCOM:ETHEREUM ( CRYPTOCAP:ETH ) appears to be leaving its consolidation phase behind, and all signs point to a fresh bullish wave. After outperforming Bitcoin in recent days, CRYPTOCAP:ETH has now broken out of a key structure — signaling the potential start of a major uptrend.
We’re also witnessing rising CRYPTOCAP:ETH inflows, suggesting growing investor confidence. This kind of accumulation behavior has historically led to significant rallies. Previously, ETH consolidated between $1700–$1800 before a strong move up. More recently, it ranged between $2400–$2700, and now that it’s broken out, we’re anticipating another powerful leg — possibly the second wave of this trend.
If the current momentum continues, a move toward $4000 looks likely, and with enough strength, even a new all-time high isn’t off the table.
BINANCE:ETHUSDT Currently trading at $2795
Buy level : Above $2750
Stop loss : Below $2305
Target : $4000
Max leverage 3x
Always keep stop loss
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