ETH/BTC chart looks extremely bullish. It brokeout the orange downward trendline in weekly timeframe and is reclaiming above the yellow upward trendline. RSI also brokeout the downward trendline and completed the retest. In addition, rsi divergence happened last year. Because this is weekly timeframe, trend will last at least three months.
Save this, Markets are driven by multiple reasons that are difficult to quantify and that's including human emotions, fundamentals, technical analysis or any other unknown reasons. price never moves in a straight line. in fact it is constantly cycling up and down, while price cycles are random as they switch between trending, reversing and consolidating in an...
Although the monthly momentum is pretty bullish, this week might see a reversal until Wednesday.
NZDUSD's break of the downward trendline, formation of a double bottom, and recent close above 0.61738 suggest a high probability of a rally toward 0.63000. Anticipate a pullback amid current selling pressure before the upward surge. N.B! - NZDUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions...
Bearish presence above 1.26836 has exerted consistent downward pressure on GBPUSD in the past two trading days. If selling momentum persists, the currency pair may revisit the 1.26020 level before initiating another upward rally. N.B! - GBPUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions and...
Gold, hovering near the upper channel of the bullish wedge, is poised for a potential pullback to the 2020 level, forming a higher-low outlook. Following this, the focus most likely will shift towards a target above approximately 2071! N.B! - XAUUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions...
Review: Let's review the key points of the previous update (Feb 2nd): We have completed the bullish phase that was started in January 2023 (wave (A)) and now we are correcting that whole move (wave (B)). Wave (B) developing as a double zigzag, and now we are in wave b of W of (B). We got a cross of the upward 40W cycle VTL, which means the peak of the...
Hi everyone! In this publication, we will dive in the technicals and boom and bust cycles of Cardano or ADA : Short-term: ADA will likely hit $1.17-1.24 in March 2024 and pull back down to retest the previous top as support at 0.69-0.59c ~ which would be a great buying opportunity if it comes along. Reaching the ATH could be possible but currently is a low...
i think Maruti has reached to this swing high. It may go up further a few points, but i feel we should book the profit now and wait for the retracements before entering again.
Logarithm. Time frame 1 week. Main trend. Linear for clarity. . Previous closed learning/work idea on this asset. Published 09 2022 ALGO/USD Major trend. Accumulation/distribution Local trend and this reversal zone is shown in the main trend now. Price recovery from the recent squeeze. Consolidation and formation of triangle formation. High...
Hi, everyone👋. Today I want to tell you the secrets of 350-Daily Moving Average(350-DMA) in the monthly time frame. By reading this post, you might find an approximate target for Bitcoin before the 2024 Halving. First of all, I suggest you read the following two posts, and maybe our strategy puzzles will be completed before the 2024 Halving.🧩 ...
1. There is Pin-Bar Candle existed in 4H Chart. 2. Stoch are overbough at 90%. 3. Price pullback and retest the support resistance area. 4. SL should cover the all the Pin Bar area include the wicks. 5. if we take closer look at 1 H chart the stoch are currently below 80%. We want to make sure once the stoch has reach 90% overbought or oversold area....
GBPUSD Bearish Current Price 1.26455 SL: 1.26516 (60 Pips) / 1.26560 (100 Pips) Target 1.25517 (~1000 Pips)
In this chart, we explore a third Bitcoin Fib-Time Cycles concept (3/5). Refer to the original idea for concept #1 or concept #2 (linked below). In this concept, we position Bitcoin within an unconventional greater two-cycle phase, where the current cycle, Cycle 2, contributes to a Supercycle. It offers a twist that may appeal to the more contrarian, as its...
On the chart, I marked 4 previous peaks, which have been matched to the current cycle and halving. This helps us know approximately when we should sell Bitcoin. In the drawing, we have 4 vertical lines symbolizing the peaks from previous years, namely 2021, 2019, and 2013. They are about from 350 days from the halving to 520 days after the halving. The red area is...
I have marked on the chart when CRYPTOCAP:BTC broke its previous ATH from 3 cycles. This will help us determine where we are in the cycle, and whether to adjust our sale and in which direction. If there is no breakthrough of the ATH from the previous cycle this year, then we have a problem. I remind you that cyclicity is not statistically confirmed. On the...
A look at the daily BONK chart using Coinbase data, indicates 15 days before an uptrend following a red candle close of the previous day. I believe the Descending Triangle is still very much in play. Fibonacci level on the daily chart has retraced to the .618 after reaching the 1.0 May be putting in a double bottom on the hourly chart with MFI at 52.33 55...