On this weekly BTC chart I’m working with a large ABC Elliott Wave structure.Wave A marks the previous cycle top, Wave B the deep corrective low, and price is now moving inside Wave C as a rising diagonal. In my view, BTC is currently building the last leg of this diagonal – the “Last Tango” […]
Bitcoin – Last Tango Read More »
BITCOIN ( BTC/USDT ) The 5th wave of the current impulse structure is close to completion. Price action is showing exhaustion and the drop in volume is confirming that momentum is fading. At this stage, risk for longs is increasing and the probability of a corrective phase (A-B-C) is high. Traders should keep an eye
BITCOIN ( BTC/USDT )– Elliott Wave Update Read More »
Bitcoin /has completed a strong impulsive leg, with the third wave pushing sharply higher on strong volume. After this extension, the market is now showing early signs of exhaustion. 📈 Wave Count Wave (3) peaked with a strong vertical move. Price is now likely transitioning into wave (4), a corrective phase. If confirmed, a retracement
Bitcoin (BTC/USDT) Elliott Wave Short SetuP Read More »
Pudgy Penguins (PENGU/USDT) has completed a clear impulsive five-wave move.After the sharp extension in wave (5), price action is now showing signs of exhaustion. 🔻 Correction Expectation The fifth wave looks complete, leaving room for a downward retracement. Key level to monitor: 0.0279 support zone. This area is the first likely target for the corrective
Pudgy Penguins (PENGU/USDT) Short Setup Read More »
Alpine (ALPINE/USDT) has been demonstrating a very strong continuation to the upside, backed by remarkable trading volume. The bullish momentum has attracted significant attention across the crypto market, and price action shows clear impulsive characteristics. However, when we examine the smaller timeframes, the structure resembles an ABC corrective wave pattern, which calls for caution in
ALPINE Potential Correction After Strong Rally Read More »
BitcoinThis structure appears to be developing within an ascending channel, potentially completing an ABC correction with a final impulsive move toward the upper trendline. The internal wave count indicates a possible completion of subwave (5) of C near the top. However, bearish divergence in structure and the sharp nature of the previous impulse suggest caution.
Bitcoin Ending Diagonal Nearing Completion? Critical Decision Read More »
SUI is at a key decision point on the 4H chart. The current structure may either be: a classic impulse wave, with wave (5) still incomplete, or a bearish ending diagonal, suggesting the uptrend is losing strength. If this is an impulse, price could continue toward the upper boundary of the wedge to complete wave
SUI/USDT – Two Scenarios in Play: Impulse or Ending Diagonal? Read More »
This is a very short-term trade setup, but keep in mind that TradingView isn’t favorable toward analyses below the 1-hour timeframe. It appears that the 1-5 impulse wave has completed, and a pullback is likely to begin soon. Traders should be cautious and look for confirmation before entering. 📉🔍 UMAUSDT.P quote by TradingView DisclaimerThe information
Is UMAusdt Losing Strength? Read More »
(Preliminary Analysis – No Clear Confirmation Yet) The only factor supporting the diagonal possibility is that the rise marked in red is not an impulsive wave, which could indicate a classic ending diagonal formation. However, the starting point of the third wave of the diagonal remains uncertain. It could start from the current level or
Bitcoin Might Be Forming a New Ending Diagonal!! Read More »
ENS is likely approaching the end of either an ABC correction or a 1-5 wave structure. A minimum 3% retracement can be expected as a reaction. If the wave count is accurate, this could present a relatively straightforward trade opportunity. Watching price action for confirmation will be key! 📉📈 However, do not enter a trade
ENS Nearing Completion of 1-5 or ABC Wave? Read More »