๐ Basic Rules of Elliott Waves
1๏ธโฃ Wave 2 can never go below the start of Wave 1.
2๏ธโฃ Wave 3 can never be the shortest among Waves 1, 3, and 5.
3๏ธโฃ Wave 4 cannot enter the price territory of Wave 1.
4๏ธโฃ Wave 3 is usually the longest and strongest.
5๏ธโฃ Wave 2 typically retraces between 50% and 61.8% (Fibonacci).
6๏ธโฃ Wave 4 is often sideways and retraces about 38.2% of Wave 3.
7๏ธโฃ After the 5-wave impulse, an ABC correction follows.
If any of these rules are broken, the wave count is invalid! ๐
#ElliottWaves #TechnicalAnalysis #Trading #Crypto
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Solana (SOL/USD) Daily Chart Analysis
๐ SOL at a Key Support! After correcting to 169-175 (38.2% Fibonacci + OB), SOL is testing a major demand zone.
๐น Why is this level important?
๐ A Bullish Order Block (OB) at 169-175 aligns with 38.2% Fibonacci, a crucial retracement level.
๐ SOL is still above EMA200, keeping the macro uptrend intact.
๐ RSI is neutral, meaning the market has yet to confirm direction.
๐ Whatโs next?
๐ป If SOL loses 169, it could test 158-160 (50% Fib) and potentially 148 (61.8% Fib). Below this, sellers could gain control.
๐บ If SOL holds 169-175, it may confirm the start of Wave 3, targeting 205-210, then 233-240.
๐ Trade Setup & Risk Management
๐ฏ Entry 1: Strong rejection at 169-175 with increased volume.
๐ฏ Entry 2: Confirmed breakout above 205 for further upside.
๐ Stop Loss: Below 148,69 to minimize downside risk.
๐ Targets:
Target 1: 205-210 (trend confirmation)
Target 2: 233-240 (Wave 3 projection)
๐จ Crucial moment for SOL! If buyers defend 169-175, a strong bullish wave could follow. If lost, the correction may extend further. Watch volume closely!
#SOL #Crypto #Trading #TechnicalAnalysis
๐ Bitcoin (BTC/USD) Daily Chart Analysis
๐ #Bitcoin Faces Key Resistance! After bouncing from 97.2k (76.4% Fibonacci), BTC is now testing a crucial resistance zone between 101.5k and 102.5k.
๐น Why is this level important?
๐ A Bearish Order Block around 102k suggests strong selling pressure in this area.
๐ BTC is still below the EMA200, indicating the downtrend might continue.
๐ The RSI is at 54, a neutral level, meaning the market hasnโt chosen a clear direction yet.
๐ Whatโs next?
๐ป If BTC gets rejected at resistance, it could drop back to 97k. Losing this support may push it toward 90k (61.8% Fibonacci) and even 85k.
๐บ If BTC breaks above 102.5k, buying momentum could return, sending the price toward 106k - 109k.
๐จ Crucial moment for Bitcoin! If bulls fail to break this resistance, the bearish trend may continue. Watch volume and institutional activity closely!
#BTC #Bitcoin #Crypto #TechnicalAnalysis
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This video is dedicated to you, the mastermind who managed to disappear with everyone's money in just a few hours. ๐ธ
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๐ BTC/USD Daily Chart Analysis
๐ #Bitcoin breaks key support! After testing 97,218 (76.4% Fibonacci), BTC lost strength and is now approaching critical support levels:
๐น 61.8% (90,485) โ Key zone where buyers may step in
๐น 50% (85,386) โ Last major support before deeper corrections
๐น 38.2% (80,575) โ If selling pressure continues
๐ Key indicators signal short-term weakness:
โ๏ธ EMA200 being tested, could turn into resistance
โ๏ธ RSI below 50, showing a loss of buying momentum
โ๏ธ High volume on the drop, suggesting a Markdown phase
๐จ Opportunity or further decline?
If BTC holds 90k-85k, it could bounce toward 98.8k-102k. Otherwise, deeper corrections may follow.
๐ Watch institutional behavior and volume closely in the coming hours!
#BTC #Bitcoin #Crypto #TechnicalAnalysis
The biggest crypto scammer on Twitter has been doxxed!
MrPunk launched $GANG and vanished with $10M in a single day.
This video is dedicated to you, the mastermind who managed to disappear with everyone's money in just a few hours. ๐ธ
#CryptoScam#RugPull#MrPunkExposed#btc #eth #sol