maybethatguy

Potential Elliott Wave Pattern Unfolding Greetings traders, I wanted to share a great example of an Elliott Wave pattern that appears to be playing out on the chart, suggesting a potential trading opportunity. Elliott Wave Analysis: The chart reveals a potential 1, 2, 3, 4, 5, A, B, C pattern, which follows the classic Elliott Wave structure. Here's a breakdown of the pattern's key levels: 1. Wave 1: Starting at $27,275, this marks the initial upward wave, signifying the beginning of a potential bullish move. 2. Wave 2: The subsequent pullback from $27,275 led to Location 2 at $27,215, representing a corrective wave. 3. Wave 3: From Location 2, the market continued its upward momentum, surpassing the previous high and reaching Location 3 at $27,300. This wave tends to be the strongest and longest in an impulsive move. 4. Wave 4: After the extended bullish run, a corrective wave followed, retracing to Location 4 at $27,225. 5. Wave 5: The market resumed its upward trajectory, surpassing the previous high and reaching Location 5 at $27,375. This wave often signifies the final push of a bullish move. 6. Wave A: Following the completion of Wave 5, a corrective decline occurred, bringing the price down to Location A at $27,080. 7. Wave B: From Location A, the market staged a rebound, retracing some of the previous decline and reaching Location B at $27,140. 8. Wave C: The pattern suggests that the market is currently heading towards Location C, which aligns with a support level at $26,810. This wave represents the final leg of the corrective pattern before a potential continuation of the larger bullish trend. Stay vigilant and monitor the price action closely to see if the pattern continues to unfold as anticipated. Remember to manage your risk effectively and set appropriate stop-loss orders.

Potential Elliott Wave Pattern Unfolding Greetings traders, I wanted to share an interesting Elliott Wave pattern that appears to be playing out on the chart, suggesting a potential trading opportunity. Let's dive into the details. Elliott Wave Analysis: The chart reveals a potential 1, 2, 3, 4, 5, A, B, C pattern, which follows the classic Elliott Wave structure. Here's a breakdown of the pattern's key levels: 1. Wave 1: Starting at $27,275, this marks the initial upward wave, signifying the beginning of a potential bullish move. 2. Wave 2: The subsequent pullback from $27,275 led to Location 2 at $27,215, representing a corrective wave. 3. Wave 3: From Location 2, the market continued its upward momentum, surpassing the previous high and reaching Location 3 at $27,300. This wave tends to be the strongest and longest in an impulsive move. 4. Wave 4: After the extended bullish run, a corrective wave followed, retracing to Location 4 at $27,225. 5. Wave 5: The market resumed its upward trajectory, surpassing the previous high and reaching Location 5 at $27,375. This wave often signifies the final push of a bullish move. 6. Wave A: Following the completion of Wave 5, a corrective decline occurred, bringing the price down to Location a at $27,080. 7. Wave B: From Location a, the market staged a rebound, retracing some of the previous decline and reaching Location b at $27,140. 8. Wave C: The pattern suggests that the market is currently heading towards Location c, which aligns with a support level at $26,750. This wave represents the final leg of the corrective pattern before a potential continuation of the larger bullish trend. Stay vigilant and monitor the price action closely to see if the pattern continues to unfold as anticipated. Remember to manage your risk effectively and set appropriate stop-loss orders.

BTC 15min Long and Short Price Targets These are some possible key areas of interest with arrows showing for bullish and bearish scenarios. I refer to an exact dollar amount for key levels, but they should be treated as general areas of support and resistance. Bullish: If we continue upwards and break through some resistance at $27,275, I can see us possibly heading up to the next short-term area of resistance at $27,420. Here, there could be a pullback due to price pulling back at this level previously. If this scenario plays out, it's possible to continue the trend upwards to the next area of resistance which is around $27,550. Bearish: If we are unable to break resistance at $27,275, we could see a drop back down to $27,070. Here, we could expect some support and a possible pullback to $27,160 before continuing the trend downwards to $26,950.

BTC head and shoulders leading into a pullback to $25,000 w/ Fib Looking at the 4 hour chart of BTC, it's looking like we have a choppy head and shoulders that finished about a week ago and fell into some consolidation. Normally with a nice breakout, a pullback should be expected. I'm thinking it will land somewhere around the $25,000 range. This would be right with our last zone of resistance and also on the fibs 50% line. Expecting a pullback that hits previous resistance and a fib level would be pretty ideal.