Right off the bat, I'm gonna mention that the market has changed during the last few weeks. All the retail and hedge fund crowd have suddenly started to buy into the rally, which they couldn't do for the past 6 months. Also I hope ya'll have seen the P/C ratios and volumes that have gone absolutely bonkers and made new records never seen before day after...
Our pessimistic forecasts regarding the YFI fall came true.
After we published the previous idea , a two-week fall began without corrections.
The price decreased by more than $17,000, or in 2.5 times, the fall was about 60%.
As soon as the price reached the red zone, there was a rebound, which is now 50%.
Just phenomenal volatility)
Now the price is in...
We would like to analyze the situation, what is happening with Bitcoin, in our opinion.
News 08.10.2020 about the purchase of BTC for $50 million. by Square, clearly manipulative. The headline screams All in long. Looking at the trading yesterday - the news worked out! However, buyers' enthusiasm is not supported by the volumes . And the...
In half a year, one of the old crypto coins ZEC made x6 .
The only significant news on the horizon of ZEC is the mid-November halving.
It seems that ZEC is traded only by those who mine it and then sell it on the market.
Perhaps, they will be interested in this idea.
Now, we assume a fall of ZEC price to $42.5.
And from this level, we can expect a rebound...
H4 - Bullish trend pattern completed. Currently, it looks like a correction is happening.
Expecting further continuation higher until the strong support zone holds.
A valid breakout below the uptrend line would invalidate this bullish view.
Fundamentals are still show good upside - i would put $50+ as target in 6 months.
Currently show HeadAndShoulders and would revert down to key support zone. I do not think will reach bottom 47, most likely will rebounce from 49.5 or 48.75, after i would enter long position.
The Nasdaq has risen since March without substantially retracing any of the gains. The sell off in September didn't even reach the 0.382 retracement mark but many people now see it as a legitimate correction. This week, equity fund flows have shifted from outflow to inflow for the first time since March. I believe that the market has been in a state of...
After trading below $11 000 for weeks, Bitcoin finally broke above that psychological level with a 5% increase in the past 24 hours. The alt coins have come along for the ride, and the market cap has jumped by nearly $20 billion since yesterday.
The price rally finished 5 impulse Elliott waves pattern and formed an ascending supportive trend. The consolidation...
A quick update on my view for silver. The previous chart updates I showed you that there was a lot of downside potential and although it took quite a long time, that 21 dollar price finally came in range. After that I expected price to bounce back towards 24 dollar and then continue it's decline but now it seems that I was wrong there. Silver went...
The coin is young and has no trading history, so it is rather difficult to even imagine its possible price movement.
Our previous idea did not work in full. The price did not reach $7 . Although having bought it at $3.9 (UNI price at the time of the previous idea publication) there were many opportunities to sell at $5-5.2, having caught 30% of the price...
we could trade this 1-2-3-Pattern as soon as we get the Breakout as confirmation for our trade!
We were not able to create higher highs after this rally and bounced back at the recent resistance-line (See big picture).
I expect Profit-Safes and a drop since the Lira is still in trouble.
So wait for the Breakout and see what happens. :-)
Will we see it play like this, conveniently right up the middle parallel channel of the big trend?
Will we see new all time highs as soon as early November?
With a nice Christmas correction like we're all used to by now?
Lets do it!!!!