Fantom is currently in Wave B correction = 3 subwaves. We have almost finished subwave B and looking to capitalise on subwave C. Trade idea: - Watch for a break of the red trendline for confirmation that we've started wave C - Risk entry can be done on lower timeframe once reversal pattern appears - Stops below price once red trendline breaks - Target: 5 and...
As it can be inferred from the Monthly timeframe graph, the price of Bitcoin has rejected the area of resistance located at the $30-31K price region that lines up with the 50% Fibonacci retracement level of the 04/2022 - 12/2022 bearish run. Hence, judging by the formation, we remain positive about the fact that the price might experience further drop and reach...
We find ourselves in a range-bound scenario at the moment. It's important to note that our weekly bias remains bullish. Now, the question arises: will it be supply or demand that propels us out of this range? A key factor to monitor is the movement of the Dollar Index (DXY), as a potential decline could provide us with a clearer direction for Bitcoin. As we...
I have created a simple free indicator anybody can use that compares the Spot Price of Coinbase (BTCUSD) to the spot price of other major exchanges. (Disable the labels if you add this to your chart to save space) The Coinbase (SSA) by the SEC means all institutional activity has to go through the spot Coinbase market meaning there's going to be billions of...
Bullish case for BTC over the next 2 quarters. Possible run up to 28, with a shallow correction, another run to 30-32k.. then re-evaluate..
On the 2 weekly timeframe, we can see that Bitcoin is currently in a correction. As we've got 5 waves move down for wave A, we can assume its a 535 zigzag correction. We are currently in the midsection of Wave B and are expecting a push up very soon! Stay tuned for more updates and lower timeframe breakdowns. Goodluck and as always, trade safe!
- #Bitcoin's Uptrend still intact in terms of Price Action, coming from the Lows of 15K . Concerning is the fact that despite Bitcoin trending Bullish on regards of Market Structure (series of HH & HL ) ; it is trending so, within a Rising Channel (i.e bearish flag). Ahead of this current uptrend is the Golden Zone Fibbonaci Level awaited to be faced as...
This Bitcoin (BTCUSD) study is centered around the MACD Bullish Cross that took place on the 1M time-frame two months ago. Since 2014, the 1M MACD has formed a Bullish Cross another 3 times. In all cases the 0.786 Fibonacci retracement level was hit either before (only time the June 2019 Libra hype) or after. At the same time, the Symmetrical Support level from...
Hi Traders, quick update on Bitcoin. For sure the downward movement was not the best technical underlying for Bitcoin. The possible Trendline is broken but indeed we still have a long trend as long as the low at $24.900 is not broken. So it is still possible to trade in long direction - but with small and adjusted risk. The SL should be under the last low. Wish...
In the 2week chart of ATOM, we can see that we're in wave 2 correction, which is an ABC wave. We are currently in wave B, which appears to be a complex correction. Expecting subwave C of wave B to move higher to complete the correction See next post for lower timeframe overview. Goodluck and as always, trade safe!
Here we have the 3D chart. We could possibly be in a 335 flat correction. This would make the next wave (wave C) 5 waves. Trade idea: - Entry on break of red trendline - stops below the lows after trendline break - Targets: 14, 16, taper Goodluck and as always, trade safe!
#crypto und Ethereum Game over or to da moon - September will show. But as of the September is usually a month after vacations when everybody taking profit to cover the depts of Summer, the most possible scenario is RED
In my personal opinion, the price of BTC has failed to increase following the appearance of a strong bullish candle as indicated on the chart. Moreover, selling pressure has resurfaced, raising the likelihood of a substantial decline in Bitcoin's value in the upcoming days.
Like Bitcoin did precisely three years ago, it tests a major support. If confirmed, Bitcoin could soar in a significant way. x10 would not be a surprise but a pleasant outcome.
Bitcoin (BTCUSD) had a noticeable correction recently, bringing the price back to mid-June levels and spreading fear across the market. This effect isn't however until we zoom out to the larger time-frames (1W on the current study) and the multi-year Cycles that we realize that this is a natural technical phenomenon, an early Bull Cycle correction after the first...
I expect this to break down and reach the 24K area, should price break below that one we'll see again the 20K area. Right now we're ranging and it's waiting for some volume to move things. However considering the bullish DIV in formation we could see a breakout until the 28K where I think we'll see a rejection. Bottom line: good if you're doing DCA, I'm doing a...
Drawing fib extensions from cycle lows to cycle highs reveals that, historically, the 0.786 weekly reclaim represents a massive buy opportunity. The trade is not active until a *weekly close* above the 0.786 at $17,284.2 takes place. GLHF 🤝
Binance is shaping up really nicely. We are in wave X correction = 335 flat correction. Looking for wave C now. We may break below the structure in which case it will be an expanded flat correction. Entry will remain on trendline break. Trade Idea: - Entry on break of red trendline - Stoploss below the lows after trendline break - Targets: 300, 395 Goodluck and...