Studied Elliot wave theory only for about 2 years. Any input appreciated. Is anyone seeing this? IMO, I believe we could hit wave 5 of 3 hit the 4.236 fib and then big correction incoming. If fed continues to raise hike, war escalates, hyperinflation, etc - I believe we may have already complete this wave and we could be just on the BRINK of a much bigger bear...
Traders, The crypto bears are still very clearly in control of our market. In this video, I recap the weekly crypto market price action and explain the case for the bears. Bulls have yet to prove themselves with a conquering of that $30k price resistance area. A retest of our neckline at 25,200 (Bitcoin) can still be expected at this point. Stew
if we go back by time between bottoms and top and halving this is what we got if you know what i mean!! µ we are already in the final first half of the bear market, and i think now we are in the seconde (last half) the same time of the last bear mrket the bitcoin Dominance was at the same levels i expect big pumpto 60/70% on the dominance and big dump on the...
I have my support lv in to see what direction BTC will go, will we dip to 25k or pump to 30k 35k? Time will tell and it looks like it's heading down, but this could be a fake move. Smart money waist for it and yet scared money can't make profits sitting stable. I am going to wait to see what support holds or fails. God speed.
Last week, the GBPUSD pair consolidated, ranging between 1.23757 and 1.23532, with no significant changes to shift our bias. Technical analysis indicates a bearish outlook for the upcoming week, as the cable struggles to maintain its bullish momentum. The 20-day EMA acts as support for now, but its strength remains questionable. On the 4-hour and 1-hour...
CRYPTOCAP:ETH broke through the ascending trendline. Decline to support level at 1696$ is likely to happen
Too many bear patterns, the only thing that is preventing the price to crash is the strong trendline. I'm not sure if is going to hold, I have a short position but I will close it out at the bottom of the bear flag. In this market I prefer to wait until the support is broken.
Chart showing the last biggest Bitcoin drop from 69k USD to 15k USD.
#Bitcoin 4hr #TA at #Binance Bitcoin April month movements majority into 30k to 29k and at present it starts trends into #Bearish #FallingWedge Pattern and Soon April-May-June will be under #BearishZone pattern likewise of those patternic nos.... 31 30 28 30 27 25 26 24 21 19 17 Also, Some Dangerous No's... 16 15 13 12 11 10 9 7... 🙏🐦🙏
Inversed Cup and Handle is a very strong bearish reversal pattern. I should have noticed earlier, but I do my own analysis and was looking for something else while this cup was being spilled in my lap. Why am I posting this late, then? Well, there is one crucial thing left on this chart. And that is that this pattern has a target price target of 27600, which is...
Here's a quick look at the BTC 2 hr. chart. As we can see, the price has formed a diamond pattern, and a break, either way, will happen soon! It is important to note that there exist significant unfilled CME- and Fair value gaps situated below the current price. As a general trend, these gaps are known to be filled eventually. Thus, it would be reasonable to...
Here it is crypto fam. Here we have the market cycles for Bitcoin and in color. We begin with the year of the bull run then we have the bearmarket year then the year that no one likes which is the year of Pain. After pain we have the famous and most anticipated Bitcoin halving year then the most exciting time in crypto is the Bullrun year. We have had three of...
SL 34200 Entry: 34100 (us30 could return to that price before moving lower) This space for me remind me of the peak back in January 2022, a great opportunity to place a sell. Not advice. I’d like to hold this trade over a long period, but will use this trade as a marker. Will continue to analyze scalps and day trades moving forward
History is proving to be accurate once again (so far), and there is no stopping it SPY is going to blast off toward 500 and leave every single one of your short positions in the dust. The 3 week MACD candle closing green is just the beginning. With the federal reserve poised to pause and soon cut interest rates on the back of inflation dropping like a stone,...
We've had the panic, then rally, from Q1 lows... now we should resume the slow drop. Things might change if market internals pick up, which would suggest the Bull market mentality is back... but so far. no cigar.
We can use candle patterns on the oscillators too. On 1h my waves oscillator, we have a double top, ideally rejected from the 70 lines, and it broke down the neckline. A pullback in strength could go below a zero line. In that case, aggression (grey wave) would be rejected in the area of -50 to -70. The head and shoulders pattern formed on a 15m timeframe, and...
This is very simple observation so I will not get too much into it, because chart speaks for itself. The fact I remain bearish doesn't mean I don't trade along the current trend. I'm saying that despite everyone on social media yelling bull run, I see bulls, but they are not running.
Upon observation of the price chart, it appears that a head and shoulders formation has materialized, indicating the potential for a downward move if the neckline is breached. The neckline is currently positioned at 29.8k, and it is prudent to monitor this level closely in the event of a break below it, which could trigger a move down to the support zone. (Update...