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Bearishsetup

Bitcoin still bearish based in my perspective point!!!At the moment, I see recently that Bitcoin starting to up, but in general, Bitcoin it's below of the 3 EMAS: 200, 50 and 21.That mean that Bitcoin still in the bearish movement until $45,000 USD, that it's a Daily strong support and the best price to continue buy more Bitcoin. I know that the market it's overbought and that chances could to jump the Bitcoin price to down. In Daily, it's bearish. But in H4 it's could to form another simetric triangle, and that could be a possibilities that Bitcoin it's in the middle point to down. And also, in H4 we see a bullish divergences, but remember, that not guarantize that Bitcoin up by divergences, use always the price action, in that case, Bitcoin still bearish until $45,000 USD. Now, depending what happened today, if Bitcoin just make a support above of $50,000 USD and continue up in the next hours, my others perspective it's that maybe Bitcoin could to form a shoulder head shoulder inverted in H4 timeframe.
COINBASE:BTCUSDShort
by harisonhbn9718
7
Elliott Wave Analysis: TESLA With Bearish Setup FormationHello traders and investors! Yesterday we shared $AAPL Apple and today we want to show you another, similar wave structure on $TSLA Tesla. As you can see, Tesla made an impulsive five-wave drop in February, which actually suggest a reversal from the top into a higher degree correction, as five-wave cycle is barely the first leg A of a three-wave A-B-C corrective movement. Well, recent recovery looks like a complex w-x-y corrective rally in wave B, which is now trading at key resistance zone here at the channel resistance line around 61,8% - 78,6% Fibonacci retracement. So, if we are on the right path and if Tesla starts sharply falling back below 700 region, then we should be really aware of much bigger sell-off within wave C that can push the price even down to 500-400 support zone. Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NASDAQ:TSLAShort
by ew-forecast
2
Elliott Wave Analysis: APPLE Approaching ResistanceHello traders and investors! Today we will talk about Apple, its price action from technical point of view and wave structure from Elliott Wave perspective. Well, if you are familiar with Elliott Wave, then you know how useful can be when analysing the markets. We have noticed very interesting pattern on Apple, where we can see a five-wave drop from the highs in February. A five-wave reversal usually indicates for something bigger and that's why we labeled it as a higher degree wave A of bigger and deeper A-B-C correction. If recent five-wave drop is wave A, then current recovery should be as part of a three-wave correction in wave B. And we can clearly see a three-wave a-b-c movement, which is not approaching key 61,8% - 78,6% Fibonnaci retracement, where ideal resistance would be here in the 130-140 projected resistance zone. If we are on the right path, then a reversal down can be around the corner and if this happens, then we can easily expect a sell-off within wave C towards projected 110 - 100 support zone. Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NASDAQ:AAPLShort
by ew-forecast
4
Profitable Patterns: Fibonacci RetracementsLarry Pesavento is a 50 year veteran trader. He began his career trading full time in 1967 while in graduate school getting an MBA in Finance following a BS in Pharmacy. In 1982 he became a member of the Chicago Mercantile Exchange where was a local in the S&Ps currency pits. Following this he worked for a commodity corporation in Princeton New Jersey from 1985 to 1986. ''Pattern One and Two are reaction patterns. The move from point B can be 38%, 50%, 61%, 70.7%, 78%, 100% ( double top or bottom). The only time I use the 38% retracement level to find a trade entry is when the move from A to B is one of tremendous thrust (three to five times normal trading range bars). The market will give you strong clues as to what it will do next if you watch the retracements in new moves. If it reacts only 38% on the first reaction swing, then a high probability exists that the next swing or two will also be 38% reactions.'' - Larry Pesavento, Profitable Patterns for Stock Trading Found this post valuable? Make sure to LIKE and FOLLOW for more!
Education
by MikulovicFOREX
Overview: Does 30% correction it's enought to stop and bought?At the moment, as we see in Daily and Hourly timeframe, this it's very important for Bitcoin in long term looking to weekly timeframe. I have these 2 perspective so possible for the Bitcoin price. My first perspective it's that Bitcoin its right now in the possible correction of 30% to stop this correction in the level of $42,000 USD and well, in this zone it's a key point to bought in this level to make trading. In case that Bitcoin break out the $42,000 USD, we can to see a strong correctio toward the $29,000 USD approximately and that it's a correction of 50%. For that, this it's my bearish setup plan in case that Bitcoin break down the $42,000 USD key support. And finally, I want to share you an interesting data that in the past on the previously bull run of Bitcoin on 2017 we have the similar event that was occur in the same months in February 2017, now we are in February 2021 and we see that this it's repeat the same movement what Bitcoin do in the past. For that, I share you this screenshoot what I analyze it for you. Guys, if you found out that this idea it's sound interesting, I invite you to share this analysis with others people, traders and investor who analyze BItcoin or have a simiar plan, and also to sum my followes who follow me in my trading view, in the past 2 days I overpass the 1,000 followers, and overpass the 4,000 points ot my trading view reputation. That's excellent for me to work my talent.
COINBASE:BTCUSDLong
by harisonhbn9718
2
EW Analysis: ETHUSD May Face Strong ResistanceHello traders! Today we will talk about Ethereum (ETHUSD), its price action from technical point of view and wave structure from Elliott Wave perspective. Well, BTC is in a massive rise but this is mainly because of BTC.Dominance, which is after a long time, finally back in the game and it can be just the beginning of a new cycle. That's why ALTcoins, such as ETH and others are in a slow recovery mode, which we see it as a correction. As you can see, ETHUSD has slow and corrective (a)-(b)-(c) structure in wave "b" and it's right now approaching strong 400-420 resistance area around that resistance line of a corrective channel and important 50%- 61,8% Fibonacci retracement. So, watch out at this stage, because wave (c) can be forming a potential ending diagonal and we know how powerful wedge patterns are. If we are on the right path and ETH turns sharply and impulsively down from projected resistance zone, then it could be easily headed even lower as part of a deeper a-b-c correction down to 255 - 215 support zone. Good luck and trade well! If you like what we do, then please support us with a like and share! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITSTAMP:ETHUSD
by ew-forecast
5
AUDCHF Deep Bullish Crab + Classic S/R + Trend BreakoutI am not in the trade, I'm just monitoring it. A break and retest of the support level 0.759 black trend, crossing X & A of the Harmonic Pattern, I might consider shorting this pair " FX:AUDCHF " until the "TAKE PROFIT" levels I'm pointing out on my chart. The Harmonic Pattern should be invalid if the wedge is broken upwards. If that's the case and the Resistance level: 0.7721 is broken. We'll be looking at the 113, 127 & maybe 161.8 fib levels you see in my chart. Yet, I'm thinking the Harmonic has more potential to be completed. Time will tell. This is just an idea, not a signal. If you have any corrobarative ideas or counteractive ones, please share them in a comment.
by HHCWW