Bitcoin - Irregular Triangle heading for 100,000 USD Target ?As discussed in yesterday's video, we're expecting a thrust in Bitcoin towards the 100K USD mark. Will this milestone become a reality soon? 🚀💰
Irregular Triangle
An Irregular Triangle has beautifully unfolded, setting the stage for an upside thrust as per Elliott Wave Theory. This pattern, characterized by its distinct higher highs and lower lows within corrective waves, signals the breakout wave.
From a wave perspective:
- The ABCDE structure of the triangle suggests a classic consolidation phase is complete.
- The upward thrust aligns with the typical post-triangle behavior, often extends strongly in the direction of the trend.
Regards,
WaveTalks
Abhishek
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
-------------------------------------------------------------------------------
Elliotttriangle
Gold Elliott - 5 Waves to top 2488 - Tower Top Candlestick
Recent Performance Update
As per the last idea published, we saw a significant bounce of $184 following the post-triangle analysis.
Last Idea on Gold
Clear 5-Wave Structure from 2304 Bottoms
Yellow metal has unfolded a clear 5-wave structure from the bottoms of 2304 to 2488 & reversal candle is unfolding from the tops of 2488.
Reversal Candle in Play
The Bearish Tower Top is a reversal candlestick pattern typically observed at the top of the trend which can be seen unfolding in the current scenario at the tops of 2488.
Bearish Tower Top Candlestick Pattern
A strong bearish candle has taken out the lows of the last few candlesticks while going up, which can be a strong signature unfolding in favor of the bears.
Bearish Signature Unfolding at 2488 Tops
Slipping below 2465, Gold has key and minor support at 2406 lows. Once the lows of 2406 and 2400 support zone are breached, Gold can slip down to important levels at 2355 and 2305 lows.
From WaveTalks
Abhishek