Author: Lucas Peterson
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Bitcoin Low-Time-Frame Analysis
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The chart illustrates a complex Elliott Wave structure and a potential falling wedge pattern, which is a key focus for the current price action. Let’s break it down: Conclusion: The market is at a critical juncture. A bullish breakout from the falling wedge would align with the larger Elliott Wave…
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Bitcoin Low-Time-Frame Analysis
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Bitcoin is currently moving within a falling triangle formation. Although this pattern is developing on a lower time frame, making it more fragile, it is still maintaining its structure. The falling triangle is typically seen as a bullish continuation pattern, especially when it occurs during a correction phase within an…
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Solana (SOL) Low Time Frame Analysis
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After reaching a local top around $165, Solana has entered into a well-defined downtrend. Based on our wave count, the market is currently undergoing a classic ABC correction. The structure of this correction appears to be well-formed, and when we examine the broader market structure, it could be interpreted as…
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Bitcoin Low-Time-Frame Analysis Update
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I’ve revised the low time frame analysis for Bitcoin, and the updated interpretation provides a more detailed and precise understanding of the current market dynamics. Key Observations: Bitcoin’s current market structure suggests that traders should remain cautious. While there are bullish signals, such as the descending triangle, their reliability is…
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Fetch.AI (FET) Low-Time-Frame Analysis
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Following the speculative surge driven by Nvidia’s earnings, $FET has experienced an incredible 107% increase. The price action has now developed into a clear three-wave structure and is currently in the process of forming Wave 4 within the larger bullish framework. Key Observations: Conclusion: FET has experienced a significant rally,…
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Bitcoin Low-Time-Frame Analysis
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In the aftermath of the unexpected 11% drop that occurred earlier this week, we’ve adjusted our wave count to better align with the current market conditions. This drop has introduced significant volatility, leading to a reevaluation of both bullish and bearish scenarios as we analyze Bitcoin’s next potential moves. Bullish…
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Nvidia Low Time Frame Analysis
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After Nvidia released its earnings report yesterday, which was positive, the market reacted with a decline. Given this reaction, it is important to examine the current market structure more closely to understand the possible scenarios moving forward. Market Structure Overview: Since reaching the top of the overarching Wave 3 on…
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Gold Low-Time-Frame Analysis
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According to our latest analysis, Gold remains firmly in Wave 5 of Greater Wave 3 after breaking out of the triangle pattern. Since this breakout, Gold has successfully completed Subwave 1 and 2, and we are now advancing through Subwave 3 of this larger wave structure. Subwave 3 Target Zone…
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Updated: Bitcoin Low-Time-Frame Detailed Analysis-25/08/2024
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In the past few hours, Bitcoin has continued its sideways consolidation, with price action suggesting the formation of a triangle pattern, typical for Wave 4 in Elliott Wave structures. This triangle formation represents indecision in the market, but it is often a signal that Bitcoin is building pressure for its…
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Bitcoin Low-Time-Frame Analysis- 25/08/2024
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After the strong surge on Friday evening, Bitcoin has since been trading sideways over the weekend, consolidating its recent gains. Based on the current structure, it appears we are in Wave 3 of the larger Elliott Wave pattern. However, within this Wave 3, we might be entering internal Wave 4,…