As stated in previous analyses, the long-term chart showed an upward pivot, in which the 44.96K region was an important resistance point to be overcome in this chart time.
Anyway, this value was left behind, and the crypto needs to reach the 51.4K region and remain above 44.9K throughout this month to remain in a consolidated upward trend and seek the top region...
According to my technical analysis, a correction in Bitcoin prices should begin to be generated, it has generated the 5 Elliot waves, it has respected the fractals, it has generated a double top and it is at a 52-week high, so which the greatest probability is that it will fall between 38% and 50% according to the Fibonacci retracements to continue with the upward...
this is a new coin, only two weeks old. but right now is looking like forming a cup and handle pattern. this is just an idea, because it is a meme coin, so i dont expect this pattern to play out. if it did, we are looking around 600% pump if break the resistance line (pink line)
Hello everyone, after a sequence of isolated waves, the pullback was not enough to guarantee a true wave 4, therefore, will we be in a complex wave 4 and then look for a new low?
== Spanish ==
Hola a todos, luego de una secuencia de ondas isoladas, el pullback no fue suficiente para garantizar una verdadera onda 4, por lo tanto, estaremos en una onda 4 compleja...
Just created a trend zone with support and resistance zones , im not giving you signals with where and when to Buy or sell.
You have all prepared, so just make it simple and follow the trend or wait for a breakout.
In this idea, I describe the reasons for considering trading in one direction or another based on the following criteria:
Resistance level - reversal;
There is energy accumulation before the level for a breakout;
Prolonged accumulation in a sideways channel;
Closing below the level (a good signal);
Parabolic energy accumulation before the...
Analysis BTCUSD :
Considering the weakness seen in the decline, we expect an upward movement with respect to the stop.
👤 Alireza hajighasem : @alirezahajighasem
Hello everyone, hope you all are doing good.
This Bitcoin technical analysis is not a financial advice. Cryptocurrency is a very high volatile and high-risk market, so please do research on your own before trading.
Previously shared analysis of Bitcoin was about observing the overall life cycle. (Elliotte wave theory and its own patterns)
This analysis is only...
Period of each previous cycle from bottom to bottom:
2011 cycle (orange line) - 1148 days to reach the bottom.
2015 cycle (Blue line) - 1435 days to reach the bottom.
Current cycle - 1470 days...
This is not a financial advice - this is my personal opinion.
Am looking Ethereum in a bigger picture right from the start in and around 2016.
-> During 2016 to 2017 Eth made a bull flag at BreakOut1 trading in a parallel channel for some time and it Break out again at (BreakOut2) reaching exactly the size of flagPole2.
(The length of flagPole1,2,3 and 4 are of...
As I said I will post an idea different from Elliott wave theory. Not a financial Advice, this is my personal opinion or idea.
This Bitcoin Technical Analysis is purely based on studying its own previous trends/cycles and predicting the future cycle.
This is not based on Elliotte wave Theory nor am comparing it with DXY or S&P or Dow, next time I will make an...
This is a good example to Analyze Eth chart pattern. Even Eth is making something similar parallel pattern in a longer time frames.
Generally, after the 2nd consolidation it should Break out from the channel, if it fails and making Bearish Divergence in the rsi, high possibility that it will break down from the channel.
This doesn't mean Eth falls in a similar...
If Bitcoin is resetting its overall trend and goes to sub or around 5000usd, i was checking what would happen to altcoins?
Ultimately Bitcoin rules the overall criptocurrency not compulsory though, i took Litecoin as good example
since it is one of the oldest blockchain and its chart pattern looks quiet simple and good.
This doesn't mean all the altcoins perform...