With over a thousand pips since my last publication on this pair (see link below for reference purposes); The Pound has enjoyed dominance over the Swiss franc in the last couple of months and we are presently witnessing a drop in Bullish momentum as price action appears to have transitioned into a corrective phase since the successful Breakdown of Fr1.28000 (Key...
M1 : Far above the clouds ! Ongoing bearish price action, currently below the monthly pivot level @ 52021. May closing will be important for further development ! W1 : Far above the clouds too ! Support trend line of the ongoing uptrend channel has been briefly broken overnight in reaching a low so far of 45'700, also moving briefly below MBB, currently @...
FILUSDT has almost completed a triangle (3-3-3-3-3) corrective pattern. A continuation of the prior uptrend is likely following a breakout of this descending triangle.
D1 : Yesterday's price action triggered a long black candle (very bearish !) Ongoing today's price action is showing a recovery attempt which unfortunately for the bulls should not be seen as a trend reversal yet, but only as a CORRECTIVE MOVE ONLY, in a established new BEAR TREND ! Indeed, BTC crossed under Mid Bollinger Band and is currently traded in the lower...
BTCUSD appears to be forming a double three (WXY) pattern, which is characterized by a 7 swing structure. Wave subdivision is 3,3,3 which means all of these 3 waves are corrective sequences. If this correction plays out, BTC could find support in the mid-40k range at its bull market support band.
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE EUR / USD THAT HAS BEEN TRADING IN A DESCENDING CHANNEL THAT SAW A RETEST OF THE BASE OF STRUCTURE SAW AN IMPULSE , CURRENTLY CORRECTING IN A SYMMETRICAL TRIANGLE LOOKING FOR A CORRECTION OF THE LAST . * follow your entry rules on entries *...
Hello Crypto traders! Today we will talk about XXX/BTC cross pairs in the Crypto market as we see interesting developments. In the previous articles we shared ETHBTC cross pair and BTC.Dominance chart which we potentially see them approaching key and strong target levels. In this article we want to show you another two examples of XLMBTC + ADABTC and why BTC may...
I posted some bullish setups and irresponsibly I didn't have a BTC drop idea in the mix! Any charts anyone posts with bullish targets are greatly affected by BTC and its swings! I am looking for lower targets for Bitcoin which can or will affect alt coin setups causing fake outs or drops through patterns!
Just a quick observation of BTC from the last year. the last time the MFI (Money Flow Index) dropped well below the oversold area, we had a few days of consolidation, followed by a massive sell off in March 2020 which was a massive event across every market. While the event that caused that huge drop is likely not to happen (covid/lockdown news), The fact it came...
Hello everyone, Today is a quick post. As you all know I have been calling for a downside to at least the $45,000 level for some time now. As each day goes on we are seeing more and more signs of bearish behavior both on short term and long term charts. The weekly MACD wants to transition from waning buying momentum to increasing selling momentum. Here are the...
Hello Crypto traders! Today we will talk about AAVEUSD, its price action from technical point of view and wave structure from Ellott Wave perspective. AAVEUSD has already found the top at the beginning of February and since then, we see see slow price action and corrective wave structure. It's ideally trading in a complex 7-swing (w)-(x)-(y) corrective drop,...
DOGE has been nothing short of phenomenal these last few weeks. It has gained over 350% during the previous seven trading days. It is only befitting that it has lost 50% so quickly after such a tremendous extension higher. The chart shows this critical % decrease through the use of Gann box squared at the rate of 0.0035 per 2 hours of trading, the current rate of...
Clear Bear Signal on 14 Apr, engulfing candle in NQ ate up every penny earned on 13th, a twin tower. Volume declining, RSI Overbought. Bull trend is intact, IMO gonna retest the breakout point and consolidate bullish power before moving to ATH in late April > early May. A real correction to emerge later in May > June; then a summer rally. ERs will drive it now,...
1. OVERSPECULATION 2. WARREN-BUFFET INDICATOR WARNING THAT A DUE CORRECTION IS BOUND TO OCCUR. 3. SIMILAR TO THE LATE 2018 CORRECTION WHICH CAUSED THE SPX TO PLUNGE BY 28% IN A MATTER OF 4+ DAYS.
Hello, Traders! After the correction of the current growth from $1545 the buyers took the initiative and are trying to pass the sellers' area of interest of $2020 - $2140 A similar situation was at the beginning of February before ETH entered a new price range and the growth cycle continued We may search for an entrance in purchases in the range of $2085 -...
This is my last analysis on big the scale on GOLD. According to this I dont think we are in the bull run yet, but we are moving into big complex corrections internally composed all by three drives (different series of 5 3 5 and triangles that often looks like 5 impulsive waves, but they arent, for me). So this could be the last move up to 1762 - 87 before...
How high could it fly? Expecting 4130-4144 tar. Maybe it already topped? We'll soon find out! The megaphone is ominous, could get correction back to support at 3800, or less, if it plays the horn. Not investing advice; trade at your own risk; GLTA!
We want to be at the green trend. We are approaching the orange trend. And we fear the red trend. All these trend lines are very possible and currently the bulls are pushing for the orange line with aspirations to meet the green trend line. But we have to be aware of and fear the potential breakdown curve. Nothing fancy about these trend lines, just validating...