Solana looks extremely strong at this moment, and it looks like we will have an explosive pump! But it has already begun. From a technical perspective, we need to retest the previous blue trendline, which is at 29.8 USDT. It's also the point of control for the previous price action. This is the first profit target, and I recommend selling SOL here. The second...
You are wondering why SOL is falling drastically and maybe where the best level to buy is. In this analysis, I will show you! Technically, this coin is very weak. The downtrend is steep and very impulsive, no doubt about it. But it is also a great opportunity for buyers to speculate on the midterm long position. But first of all, we need to find the best level...
Primary Chart: NVDA's Primary Downtrend Since November 2021 Represented by Parallel Channel and Anchored VWAP from ATH Summary: NVDA has been in a downtrend since its all-time high on November 22, 2022. NVDA broke above its down TL on a linear chart briefly in whipsaw move (bull trap) on December 13, 2022. It failed decisively back below. This failure at...
Fundamentals first. Binance Exchange is losing customers; that is a fact that everyone knows. The huge scandal occurred just before Christmas, but it looks like people have already forgotten what happened. What is causing Binance Exchange to lose customers? First of all, Binance Exchange itself is banning users all around the world for no reason. My friend got...
I am telling you that the bottom on Bitcoin will be between 9600 - 10300 USD and I expect Bitcoin to reach this reversal zone in summer 2023! You can place your buy orders here because the reaction on this level will be extremely high, so you can also buy/long BTC for a 50% profit. The worst-case scenario for Bitcoin is to hit the bottom of the huge channel on...
This head and shoulders pattern on the weekly chart is almost ready for a breakdown, so this is your last chance to sell XRP and save your money! On the other side, it's a great opportunity to short XRP on the futures market, as I already did at the top of the right shoulder (see my previous idea)! But be careful; XRP is the beast, and I know XRP very well,...
Bitcoin is bearish on higher timeframes, but on the 4-hour chart, BTC could reach 17,300–17,550 in the near term! There is a massive opportunity to short Bitcoin at the top of two parallel channels or at the 0.618 - 0.5 FIB! We can go straight down to 10k after we reach this important level. From the Elliott Wave perspective, it makes sense to complete the C...
Primary Chart: SPX Long-Term TL and Anchored VWAPs, Fibonacci SUMMARY: SPX experienced a failed breakout above the downward TL. See the Primary Chart above. This suggests weakness ahead, but price may remain choppy throughout December. Price failed right at key levels including the VWAP anchored to the all-time high on January 4, 2022, a downward trendline...
If we take a look at the last weekly candle on the weekly chart, we can clearly see a gravestone doji / shooting star. Also, we can see a failing wedge pattern. That's great! Merry Christmas, Bitcoin!
Doge looks very bearish, but this coin is definitely stronger than others. In this analysis, I will tell you where to buy DOGE for a short-term trade! Doge is not going anywhere; this coin will survive even the most hard-core crash, together with Litecoin and Monero. These first-generation altcoins are solid. Unfortunately, the chart is printing a descending...
Bullish Indications 1. Tweezer Bottom and 3 White Soldiers 2. Tested Strong Support 3. Bullish AB=CD Pattern 4. Bearish Trend is Mature Enough 5. Need to Break Resistance Upper Trend Line 6. Found a very strong bullish divergence on 1D 7. Falling Wedge 8. 11 out of 16 times remain bullish Bearish Indications 1. Lower highs and Lows 2. If it breaks support then we...
The EURUSD is going up right now, but it looks like a dead cat bounce rally. It was a nice short-term bull market! We need to focus on the main direction of the trend, which is bearish. I think EURUSD will go up to 1.06311, where there is an extremely strong resistance that should be a reversal point. This is a once-in-a-lifetime chance to short EUR/USD!Follow...
The Bogdanoff twins claimed they participated in helping Satoshi Nakamoto build Bitcoin. Is this true or not? Let me know in the comment section right now! The question is, can this weekly chart's falling wedge and bullish flag predict Bitcoin's bottom? I think it's definitely possible and maybe even likely! Bitcoin is still very weak compared to the stock...
Crypton (CRPUSD) is a hidden GEM with a 100x profit potential. I recommend buying this coin before it's listed on exchanges! The current rank is only #895 on coinmarketcap; that's why there is a huge opportunity for growth! This coin is extremely powerful, not like others. Focus on low-cap coins with great potential. After purchasing this coin, it is...
Bitcoin is still very bearish because the current price is below the main trendline and below the swing low from June 2022. I am not buying bitcoin at this moment because I feel like it is too risky to catch the bottom like this. But if Bitcoin breaks above 21,480 USD, then I will do more research about the stock market and gold , and I may open an investment...
Primary Chart: Down Trendline and Anchored VWAP from All-Time Highs, Fibonacci Retracements and Extensions Summary of Key Points: 1. SPX remains in a countertrend rally (an uptrend on shorter time frames) from the October 13, 2022 lows. See the parallel channel on the Primary Chart. The post-FOMC selloff found support right at the base of this channel. 2. A...
Primary Chart: Downward Trendline from All-Time High, Various Anchored VWAPs and Fibonacci Levels Rallies in Downtrends Are Part of the Process Don't fight the rally in AMEX:SPY , the ETF tracking the S&P 500 ( SP:SPX ). Bear rallies are part of every downtrend. Many are debating whether equity markets have put in a lasting bottom in mid-October 2022....
I agree with Ben Zhou on his opinion about 4-digit Bitcoin! He thinks that we are probably going to see more bombs coming in the next few months (liquidations of exchanges, coins, or other big players). The CEO of Bybit has a lot of insider information about traders on his exchange. For example, he can see where the liquidity is and where people have their...