BTC broke below the 21D MA and the 50D MA. This is a bad sign in the short term. While it is actually retesting the Resistance turned support channel trendline which makes it bullish. So a little confusing right? Let me clear this for you. BTC can easily break above both the 21D MA and 50D MA. It is following the second scenario of my last BTC update. We needed...
And last idea is large Crab pattern. In this case D point or PRZ (potential reversal zone) will go above yellow level (and this drop can't be 123 and seeking for 4) because will in that case go in zone of 2 wave. But can be from elliott wave prospective be ABC for W down and this correction making X of WXY. And that can be very bearish case where we looking Y wave...
These are the Fibonacci retracements I am watching for BTCUSD today : N1: 34164 N2: 33192 Current intraday trend likely DOWN DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME Examples of SL and TP : SL could be @ Fibo level 5.618 (32054) TP could be @ Fibo level 0 (36000) Again these are just EXAMPLES ; these are the simpliest way to...
In the upper half the roof is twin and in the lower half a triangle is formed. Given that the trend is within the channel!
Everyone in the market has shifted their opinions to bearish - what we know is we need to act against what everyone else is doing - for this reason I am looking at a potential bottom here The charts above is the 2017-2018 and 2019-2021 fractal analysis posted about a few weeks ago The difference being is we have put a long term dynamic support line in a line...
It looks like we are inside a falling wedge, I believe we could hit down again before up if we don't manage to pass the 21 EMA line.
BTCUSD correction then back up ? If support is broken it will fall to 35K , but I dont think so
__There is an inverted head and shoulders pattern (black color) __ Exceeding the descending channel and forming an ascending channel (red) __ He broke through the neckline at 55134 and scored the first goal 56780, then the second goal 58514, correcting it to 56999 and returning back. __ He now has three Buying Goals: (green clip) 1) = 58514, which is the...
Hello guys, hope you enjoyed your weekends. I took a 2 days break which was much needed. Let's start this week with this BTC Update. Bitcoin has been trading under this descending channel since the last 1 week. Breakout to the upside can take BTC to 62k level. While I expect BTC to hit the 54.8k to 55.6k level again a breakout to the upside is possible. BTC is...
These are my bearish and bullish scenarios. Price action is flipping bullish, but still possible to revert to bearish if it follows the 2019 top fractal.
Another retest of the the 38th percentile. It is still holding as a level of support.
Support this Idea with LIKE if it is Useful.... NZDUSD The price broke above support/resistance structure, after a pullback if continues to hold above the structure, I expect the price to move higher towards next resistance structure. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is...
Deja vue, no? Price action reaching halfway from a head and shoulders' target then pumping hard on news of some figure head being bullish on BTC.
This is interesting. Fractals are pointing towards $40K. If you observe the RSI and MACD. The current pattern already formed when BTC was trading at 28k at 30Dec. BTC broke out then unexpectedly. I see the same pattern now. Break and close above 35900 could possibly trigger a rally towards 40k. Yeah this possible now. Observe the chart carefully you'll know...
Will it break up in a blow of top? Or down as it should. Blue boxes are open CME gaps.