Author: Lucas Peterson
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Bitcoin Elliott Wave Analysis
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Bitcoin’s price action continues to display strength, and we have reintroduced the bullish scenario back into the chart analysis. As shown in yellow on the chart, Bitcoin has been respecting our key Fibonacci levels, both during the formation of Wave 2 and more recently in Wave 4. After finding support…
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Bitcoin Elliott Wave Analysis!
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After witnessing a sharp recovery that took Bitcoin from around $52,000 to $58,000, we find ourselves at a pivotal moment. The question remains: Is this recovery part of a larger corrective structure, or is it the beginning of an impulsive move to new highs? As of now, the chart presents…
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$GOOG Elliott Wave Analysis – Mid to Long Term Outlook
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Market Structure: After reaching a significant high on July 11, 2024, Google ($GOOG) appears to have entered a corrective phase, which is typical following an impulsive move. According to Elliott Wave Theory, this looks like a Wave 4 correction after completing Wave 3 of a larger uptrend. Typically, Wave 4…
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NVIDIA ($NVDA) Short-Term Elliott Wave Analysis!
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Current Market Overview: NVIDIA ($NVDA) has continued its corrective path following a significant sell-off, previously referred to as “Black Monday 2.0.” This sell-off confirmed a corrective structure rather than a bullish impulsive move higher, which was crucial for understanding the ongoing market behavior. The bounce after this sell-off has been…
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USOIL Elliott Wave Analysis – Detailed Overview
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Current Market Structure: According to the Elliott Wave Principle, USOIL appears to be in a corrective phase, specifically in Wave 2 of the broader cycle. In this phase, we are observing what seems to be a three-wave structure, often called an ABC correction. This aligns with the common pattern where…
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Gold Elliott Wave Analysis: Approaching a Key Correction Phase!
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Current Market Scenario: Gold has recently hit a significant milestone in its bullish journey, reaching the target zone for Wave 3 between $2,362 and $2,718, as outlined in the Elliott Wave structure. This marks the culmination of an extended rally, but key indicators are pointing towards an impending correction. The…
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Ethereum Low Time Frame Analysis (Detailed)
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Current Market Situation: Ethereum is currently in the final stages of a significant ABC correction that began after the March high. We are now within Wave C of this correction, and specifically within Wave 5 of the C wave. On a higher time frame, the corrective structure is nearing completion,…
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Bitcoin Low Time Frame Analysis
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Current Market Situation: Bitcoin has shifted into a bearish scenario, as the bullish outlook has been invalidated. Based on the Elliott Wave count, Bitcoin is currently in Sub-Wave 4 of Wave 3, which is a corrective phase within a larger downward trend. The corrective structure is developing into a three-part…
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Bitcoin Medium Time Frame Analysis
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Current Market Condition: Wave Count Breakdown: Wave 3 Breakdown: Short-Term Expectations: Bearish Outlook: Key Levels to Watch: Conclusion:
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Ethereum Low Time Frame Analysis
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Current Market Situation: Bullish Scenario: Bearish Scenario: Conclusion: Let’s see how the price reacts at the support levels, but it’s important to be cautious of further downside from here.