Chart Overview: Timeframe: 30 minutes Pattern: Expanded Triangle (bearish bias) Current Price: Around $94,330 at the time of chart Wave Count: Completed a complex Expanded Triangle at the top. Initial impulsive wave (Wave ①) already in progress. Expecting corrective retracement for Wave ② (small bounce). Then strong downward impulsive Wave ③ projected. Technical Observations: 1. Expanded Triangle Formation Type: Bearish Expanded Triangle. Characteristics observed: Each subsequent high was higher and each low was lower (classic expanding pattern). Typically this formation ends with a sharp reversal (which already started). 2. Wave Structure Forecast (Elliott Wave Principle) Wave ①: First impulsive downward leg already formed. Wave ②: A minor retracement or bounce is expected (lower high formation). Wave ③: Strong impulsive fall expected after Wave ②, breaking previous lows. Wave ④: Small corrective upward retracement. Wave ⑤: Final downward move completing the 5-wave impulsive structure. Key Price Levels and Targets: Target Level (Approx.) Target 1 $89,300 1.309 Fibonacci extension, interim support Target 2 $86,000 Next major Fibonacci projection zone Final Target $84,400 2.618 Fibonacci extension zone, final bearish target Fibonacci Projections: 1.618 Extension: ~$89,000 2.309 Extension: ~$86,100 2.618 Extension: ~$84,400 Volume and Momentum Check: Volume: Decreasing during the upward retracements (bearish confirmation). Momentum: Loss of momentum after the triangle breakout — supporting deeper correction. Summary of Expectation: Bitcoin has completed a bearish expanded triangle. A strong downward impulsive move has started. Short-term bounce (Wave ②) is possible but lower highs expected. Likely targets for downward movement are $89,300, $86,000, and possibly $84,400 in the coming days. Trend Bias: Bearish until BTCUSD reclaims above $95,000 decisively. Risk Factors: Watch for invalidation if BTCUSD crosses and sustains above $96,000 (triangle high). Sudden macro news or BTC-related developments could lead to unexpected volatility. Disclaimer: This analysis is for educational purposes only and not a financial advice. Please do your own research or consult your financial advisor before trading.
Hello guys. as you see market reaches to a super great zone and it is time to collapse. more than 15 percent. isn't it great? do u agree? and why? comment me! (wink)
Support - 786, 784.70, 760.50, 731.10 Resistance - 835.50 SBIN may bounce from 786 or 784 but chances are little. If 786 or 784 breaks then Target is 760.50 and if 760.50 breaks then Target is 731.10 !! Radha Radha !!
W (Bearish) Cowboy Harmonic with price targets and support levels glhf $cowboycharts BITSTAMP:BTCUSD BYBIT:BTCUSDT.P
hi traders, Let's have a look at BABA on a 1h time frame. After reaching approx.140$ levels, BABA experienced a significant correction and visited the 96$ level, which could very well be a bottom here. After reaching 96$, the price has been forming a rising wedge pattern. When the majority switched to a full bull mode again, we expect the trend to be a bit choppy now. I'm expecting the price to break down out of the rising wedge sometime next week. If you're a bear, you can take a short position at the breakdown. The target for bears is around 106,50$. If you're a bull, don't buy now but wait for a pullback. There's a gap to 125$ that may get filled before the rising wedge plays out, so don't be surprised if the prices push a bit higher. Good luck
Hello guys this is my analysis on SUI/USDT I took a short breakout trade from the old range
Given the EURUSD trendline breakdown on the monthly timeframe and the completion of the pullback to the trendline, a sharp decline in this pair is not far off. Everything points to a decline in the EUR and a strengthening of the USD. Buy cautiously or not at all and consider any rally as a selling opportunity!
BYBIT:BTCUSDT.P BITSTAMP:BTCUSD Potentially Large Bearish Corrective Wave on BTC with potential downside of up to $20,000 glhf
Dear traders, after painful weeks in stock markets, now we could see the shadow of hope. Based on the chart, MSFT has broken an important trend line, in which, favors for more rise during next weeks. Besides, the monthly performance is about to become green, and thus, this confirms our bullish view. Let's see!
Cup & handle, are we going to play that out? https://www.tradingview.com/x/eJbZZcQ8/