Khanaa_

Hello there, $BINANCE:BTCUSDU2023 have tried to break downside LWL 28550 but couldn’t break, as many of you know that Gold and BTC moves opposite side most of time. I had strong belief that BTC would dump due to strong liquidation prices at 14K but it seems it’s not near future i presume. (i just use $BINANCE:BTCUSDU2023 as indicator i have tried to trade crypto but not my type). Gold has touched ATH in May 2023 since then i have used EW trying to find (if we are in wave 4 of 5 up to $2100) but they are also other scenarios in that story if you check my previous analysis. Gold currently still in 68% potential wave 2 of 5 up side completing 2080 wave 3. If that is the case we should see big bounce during CPI report in Thursday. If not From July 20th high (previous high) it fits perfect 3 wave 1.61% wave 3 target which we have filled yesterday RHTL. We will drop hard to complete wave 5 of 1 in bigger timeline of Wave A of 4 in diagonal. Just to know “Best trade is not to trade sometimes” Cheers gold traders

Since last month low I've counted 5 wave structure. By using fib levels we are currently standing wave 2 level of 68%. But there is a case that We'are might be in wave 2 down side from ATH.

This pattern is showing in most of the cryptocurrency. can it be just market makers are manipulating to retail traders to go bearish side and liquidate them ?

Since last spike high and from last low i’ve used EWT. Thus, indicated followings; 1. We are in wave 3 up to last year high, in progress towards making A,B,C wave, wave 3 of 1 of C targeting but lower 1661 or so. Then bulls expected to be step up to take price back to last week high, which many short liquidations are showing. If this bullish wave up is playing we expect to see 4K by end of this year or Beginning of next year but EWT does not drag to time. 2. Since last low to recent high we would count this as wave b of 2 downside completing wave c short term bear market or we still in bear market, this will really show up upcoming Fed announcement. either we go down take out long liquidation from 1400-1500 to complete. if we expect the bears come up this will get ugly for many retail traders, goes for me too. But we have now completed wave 1 of 3 downside we would expect last week short liquidity taken out by up coming week or so, to make wave 2 corrective wave in form of ABC or just big spike up during Fed.we have reached 50% fib level where i would expect it hold.Long here with proper risk management