Gold broke below our bottom at 1301 suggesting that our wave [ b ] corrective pattern is actually a flat. I don't expect any more significant drop in the pair. 1286 level should offer support and complete the move down. My bullish call is still in the cards. Gold chart on a smaller timeframe is as in the below post.

Expecting Bitcoin to find a bottom at 7740 - 7530s. Thereafter it should rebound and target a move upwards of $10000.

Bitcoin. The downward correction is over at $7400. A move to above $8600 will be good confirmation. Expect a rebound to targets $10,000 or $10830s

That move is way overdue. I'm even surprised it has stayed this steady in light of what is happening to other EM/FMs. One nasty shock for the NSE awaits when that comes into fruition not to mention a hell of a fiscal mess.

Bitcoin has bottomed at 7031 and is ready to rise to above the previous highs of 9800. Targets for the rise are now between 10000 - 10400. Be long.

Good question. Elliott Waves is fractal in nature. Therefore a complete five wave move in any direction is composed of smaller (lower degree) five wave moves and itself also composes a larger (higher degree) five wave move. Therefore the time element is specific to the degree of the wave you are charting i.e you can trade Elliott Waves in any time frame so long as you are able to discern a developing Elliott Wave pattern.

Example:


You can see here that wave 1 in brackets ie wave (1) is composed of smaller waves 12345. And also waves (1)(2)(3)(4) and (5) make up a larger wave 1 circled i.e ((1)). NB I use the two brackets to denote 1 inside a circle.

In the case above, waves 12345 and ABC may for example take about 1 hour each. Wave (1) may then take eg a day to complete. If you are able to discern the 12345s and ABCs then you can trade on a daily basis. If you can discern the waves in brackets eg (1)(2) (A)(B) etc then you can trade on eg a weekly basis.

Therefore with Elliott Waves you can trade in any time frame so long as you can discern the Elliott Wave patterns. The major patterns are actually five (Impulse wave, Diagonals, Triangles, Zigzag and flats) - this makes your work pretty easy.

Bitcoin has burst out the blue downward slopping trend channel. Waves (i) and (ii) are in place. Bitcoin is rising as per our previous analysis. The targets for the rise are 10,000 - 10,400s levels.

BITCOIN

The very clear three step move down from the high of 19200s (i.e Waves WXY making (4)) implies that bitcoin will rise again to levels above 19200s. A move to above 9800 will be good confirmation that another major bull market in bitcoin has started. Beware that the RED line at 5700 should not be crossed downwards.

EURUSD should drop from current levels of 1.1653s to about 1.1230s or below. Be SHORT with SL t 1.1790