Author: Lucas Peterson
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Bitcoin
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Bitcoin remains in the same HTF analysis as previously outlined. There are two potential scenarios: Low Time Frame (LTF) Analysis When analyzing the LTF, it appears that Wave 5 is taking the form of an ending diagonal. This is characterized by three-wave movements within each sub-wave of Wave 5, which…
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Ethereum (ETH) Elliott Wave Analysis – Comprehensive Outlook!
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Broader Structure and Ending Diagonal: Ethereum has been showing weaker price action compared to previous bull cycles. This is largely due to the development of an Ending Diagonal, a pattern that typically signals the final stages of a bullish cycle. The Ending Diagonal introduces overlapping wave structures, making it harder…
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Bitcoin (BTC) Elliott Wave Analysis!
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WXY Corrective Pattern Overview: Similar to our analysis on Solana, Bitcoin also appears to be following a WXY corrective structure. Within this pattern, the current market is completing a three-wave Y structure. We have already seen the completion of Wave A, and we are now navigating through Wave B, which…
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Solana (SOL) Elliott Wave Analysis:
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WXY Correction and the Path Forward: Initially, Solana appeared to be consolidating within a triangle pattern, but the structure was erratic and lacked clarity. After re-evaluating the price action, we have re-labeled it as a WXY correction. This structure provides a cleaner and more coherent view of the current price…
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S&P 500 Elliott Wave Analysis
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Current Elliott Wave Structure: We are currently tracking the 5th and final wave of a larger Elliott Wave cycle, specifically within Wave 4 of Wave 5 of the broader structure. Despite recent market activity, we believe that Wave 4 has not yet completed, and further downside potential remains. Looking closely…
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Elliot Wave Analysis of Ethereum
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Ethereum’s current wave structure seems to suggest weakness, particularly as it fails to exhibit characteristics of a strong impulsive wave. The current structure, especially Wave 2, lacks the definitive strength typically seen in upward impulses. Instead, Ethereum seems to be developing into a more corrective structure, which could indicate the…
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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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$GOOG Elliott Wave Analysis – Mid to Long Term Outlook
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Market Structure: After reaching a significant high on July 11, 2024, Google ($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…