Hey fellow TA enthusiasts!
I have some good news! We are likely to start going back up for a while, and we will once again visit the 8k region for a welcome breather!
Sadly, signs are saying that our revival will be short-lived, and will be followed by another deep dive. And this time, we will get to see the dreaded depths of 5k.
Let me walk you through it: ...
Good Evening, my friends! :)
D4rkEnergY is live from Seoul - 2 AM - with another Bitcoin update for you guys! I have been long the last 3 days, and Bitcoin has also gone up. I warned you about exactly 8,640 USD, which IMO was a really crucial hurdle to go through. We got rejected 2 times really hard at around 8,635 USD. The fearful bulls had to retreat after ...
On the daily timeframe, price has completed a 3-wave structure (ABC), hitting the ratio expectation between 20.39 - 20.97 area as well.
On the lower timeframe, we are seeing a diagonal structure forming with a divergence in RSI too.
These give us a good reason to be looking for a potential reversal trade on the USD/MXN, targeting 17.81 as the first ...
Here we have a possible Elliott Wave count on the 4h chart where ETH is currently in the C wave of an ongoing ABC correction. ETH going above the swing high from wave 5 (830 level) or the even 725 level might confirm the end of the correction and the start of a new impulse wave.
Fib extension levels of wave A are shown by the dark orange levels. Fib retracement ...
