You can very easily see the price action respecting the supports and resistances, and hence forming a symmetrical triangle pattern. Short term target for the december/january bull run would be in the 1.681 fib. region around $4.6 to $4.8. If you are someone looking forward to taking profits, you can do that then. (Not a financial advice.)
Two possible bullish scenarios Elliot impulse wave gives BTC bullish outlook. Then a possibility of Correction ABC or blow-off top to the 100K We should see bullish December.
Chart says all. Pattern from August 2020, now making same insane run. The 1.62 Fibo extension from September correction is at 4720. Do not short based on: "I think the price is too high!" "It's overbought, must come down!" "How can it get any higher?! Already nosebleed!" "I feel lucky!" Short on signal; the engulfing bear candle after blowup. IF it follows...
Looking at history and the old ATH we saw a similar structure forming for the Bitcoin price. A big consolidation range at the 30k area forming demand before marking up and forming a classic Wyckoff Distribution back down to that same area. Things are looking pretty similar now where we had the same consolidation at 40k forming a big demand area for Bitcoin. Looks...
$AMD in full bull mode off those METAverse news! Can it continue?
RSI near 80, MFI near ATH over 90, Blowing Up. Chart has all the details. Could top this week or early next. Overlay is a WAG. Absolute disconnect of price from reality. Selling soon IMO. Price may press higher to test the Fibo at 16,530 before rollover. Every blowoff ends in a waterfall cascade. Excessive greed gives way to excessive fear. Gonna get real dicey...
Massive move up today on increasing volume with bearish options activity just before earnings -- picked up some December EXP Puts on $NVDA in order to play what is most likely a short term blow-off top on the daily chart -- GL
We are on 3 consecutive weekly gap ups, which is an exhaustion pattern, accompanied by being far outside the weekly Upper Bollinger Band. Daily RSI in the mid 90s and 4hr also in the 90s. This thing is going to waterfall hard. Not a short recommendation unless experienced, but definitely a time to take some off the table and have a very tight stop
I have highlighted the RSI timelines where BTC stayed above the 56 and 80 levels. A little unorthodox in approach but it is speaking to me. Now, if the actual blow off top is on 4/20/22, then that would be something crazy. For more of my 6th sense calculations, you can find my Twitter @Loniwood Happy hunting!
Even though the excitement is huge right now for BTC going to 100k or even past it, i think this will not happen for a few reasons. Aside from TA, if you've been in the previous cycles you know that whenever everyone thinks btc will reach certain target or go beyond, this price is never reached. Excitement is however needed, because it creates liquidity for...
BINANCE:BTCUSDT It sure looks to me that BTC is finishing 3rd wave that needs to eventually get above the B wave of the Mays ABC correction. If we get above ~$59600 it is safe to say that the main ABC correction is over. As 60k area acts as a large ressistence, we should expect a bit larger pullback into a 45-55k area, before another leg up that could...
Hey All, Obviously I'm not making the claim this is the very top of the market but with the euphoria in the markets about the Fed not tapering, buy the dip mentality and the excessively high valuations it should rise a few red flags on the long term look of the market. just simply looking at the bigger overall trend of the market shows this is the blowoff on a...
Here is utilize multiplied moving averages using robertoc's open source script. Playing with multiplied averages using days that are close multiples of pi, I may have recognized a trend. The 157 day MA (pi*50) value multiplied by 4 corresponds closely to the 2014 double peak when the price crossed the Moving average. Multiplying the length value by 2 to get the...
If ETH can break ATH, we will see a potential blow-off top of between $13,000-15,000 at the 2.272 FIB levels. Before that we will see the 1.618 FIB levels at $7,900. Lets see if ETH can tackle the ATH first :)
If we form a lower high next, particularly if under that red s/r line, this would indicate the end of the blow-off-top for SHIB.
BTC looks like all set that We finally would get a blow off top by EOY2021!
Irregardless of direction im expecting expecting a 4-5% increase to test resistance above us. If Rejected im looking for a -20% move from lows to retest the support. What does that mean for bitcoin? looking for a move to ~48-49k before hitting resistance. If Bitcoin rejects at resistance i would be looking for a move down to 35-38k (Hard to calculate for in...
Drawing the fib. levels from ~2019 and the 2020 march top and bottom match almost exactly - look out for a blow off top forming near important fibo extension level that is near current price. Basicly looking for any accelerated move up in price (possible over 3+ days) near / into this level could lead to blow off top. It looks like this move could be underway...