AlbertFX99

Hello Traders! Is there really anyone panicking over this correction? Not me. I'm preparing for a buy at the Weekly Demand area you can see on the chart. The bull cycle is not done by any means. We're still in a bullish wave count, the only thing is that after this accummulation the market FAILED to do sort of a triangle correction in the form of ABCDE, thus invalidating my first idea. For me now this is the new wave count I'm seeing and its a better one, we'll get a deep discount in Bitcoin (for the long HODLers) and a great upcoming trade for us traders! Let's talk Futures now, or my take on the COT report as per usual. Comercials (big players) are getting bullish Fund managers are getting bearish, which is good. On the futures chart, there was a huge gap between 80.500 and 77.500 that needed to be filled. With this, makes sense that market is correcting to fill this gap. + Plus: Fear & Greed indicator is at 21 FEAR from 25 FEAR (yesterday) Conclusion: WE ARE GOING LONG. Trade safe, AlbertFX99

Let's talk crystal clear here; Bitcoin is in a massive uptrend, yes now is stucked/accumulating below the $100k mark, but overall is bullish AF. In this chart I present you my Elliott Wave Count of Bitcoins bullish cycle that started from Dec. 2022 and is still on going. Breakdown: We're in a 1-2-3-4-5 (we're here) bullish count. Inside this last 5th wave, which you can clearly count 5 subwaves, we're on the verge of breaking this $100k accumulative period, aka. in a corrective ABCDE of the 4th wave. Once this breaks up, Bitcoin should FLY. COT readings are also great and supporting this idea behind technicals. In the current accumulation, Fund managers went from being bearish to now being more bullish, pointing to a bullish divergence. However, I'd like to see Retailers more bearish, why? Because they always wrong, and currently they are still a bit bullish to me from what I read in the COT report. This is why I believe we still going to see this corrective phase for a little longer, finally completing the ABCDE formation, and then RISE. Conclusion, Bitcoin price is stuck for some time till' it breaks up and rockets to unknown price. Trade safe! A.FX99

There's been a lot of discussion lately on where ETH price might go and, mostly the news I saw, where super bearish on it. I remember seeing a chart where Hedge Funds where MEGA bearish on it based on Trump news of some sort, however these data was not lying and indeed Hedge funds had the most COT bearish data ever recorded (2024 Xmas), thus the price suffered a great decline since. Now the picture has change dramaticaly; technicals + recent COT are pointing to a MELT UP that can happen from March. Ethereum present us a clear 1, 2, 3, 4 (we're here), 5 - Elliot Wave Count, where we are now in an extended corrective ABCDE pattern ready to blow up with Monthly Demand level, which we are currenly testing. From COT readings, we can see Fund Managers going from -4.250 net positions, to 2095 net positions, meaning that they went from MEGA bearish to VERY bullish in a short period of time. Conclusion, I see a MELT UP incoming in the next months of 2025.

We are currently in an ABC corrective move and there's some very high quality supply areas I'm looking at and willing to trade. Short term swing idea to the bearish side, however higher timeframe trend remains bullish and I'm expecting it to continue after the end of the current ABC correction. Trade safe! AlbertFX99- Gold is playing out as expected in the Elliott Waves count. - Entry was spot on on the higher timeframe (Daily). __ Update from here: Mind seasonality -> End year is very bullish for Gold, so expect this C wave to end earlier than later.

Gold is moving nicely and without much complications after a great impulse upwards. Now we'll find Gold moving into the 3rd wave (C), although touching 38.1% fibbo. Therefore, I'll be looking for possible short-term Short entries. Although be careful and remind yourself to look for long entries as we won't know when the market can shift and go on the bullish trend again. Cheers, trade safe. A.FX #xauusd #swingtrader

Bitcoin still is in a Bear cycle and we will continue to be during 2023. Yes, there's going to be rallies but they won't last much. As you can see in the graph, the current situation for Bitcoin in an Elliott Wave count is on a corrective pattern consisting of a A,B,C,D,E (5 wave) bearish diagonal. We'll see how it creates that pattern during this year, in correlation with SPY and the markets, expecting a grave bear run at some point and a quick recovery later on.Here we go. C target achieved ✅ Now continuing with the idea, we should see a deep pullback and break of the previous low in the following days/weeks, probably driven by the news (inflation, FOMC, etc.) Let's go!