- I do expect this to be the end of a downtrend non-standard correction (ABCXABCXABC). If not, there is another support at 16.71.
- Confirmation point: when price break above the green line and does not make a new low.
I make this elliot wave analysis as now, we end the phase #2 of the bullish elliot wave cycle, so, we're entry in the phase #3 in the Bitcoin price. So, Bitcoin will be make a large bullish movement toward the new ATH that we could to leading to $100,000 USD in few weeks.
I can't to predict that Bitcoin could to leading until $500,000 USD, but I can to use the...
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In the current bullish impulse, it is now due for a correction and showing rejection at previous daily resistance. We expect it to head downward.
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
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In this video I break down my crypto watchlist for this week as well as the current conditions on bitcoin in the beginning of the video. If you found this video helpful please make sure you like and follow for content like this every week. Also please note that this is not financial advice. Comment your questions and Good Luck!
The Elliott wave which reflect Market participant's psychology is in the middle of Bearish, in Intermediate range (on the way of Wave 3 - blue Waves), But if its initial impulse (Wave 1 - Blue) is broken, then we need to consider that there's a change in sentiments. But so far, Bearish position should be safest way for Gold to trade
With this analysis I applied:
1) ELLIOT WAVES
2) Fibonacci trendline extension
3) Lengthening theory
Why am I sure UTK is going to go up (together with other strong tokens)? For the following 4 reasons:
1) Stock RSI: Bollinger band indicator on the weekly flashed green.
2) Support/Resistance: UTK touched the current support multiple times during the past 3-4...
Here is my continuation analysis of Gold (XAUUSD). Last week we saw that Gold (XAUUSD) was moving sideways with a range of 1761 - 1790 area. For the next week, I believe Gold (XAUUSD) in the beginning will go to the upside to complete the retracement phase before falling again to the downside.
Disclaimer: This is my personal trading setup !! Please use this only...
Here is my continuation analysis of GBPUSD. Last week as we can see, GBPUSD still in bearish mode. Next week, I believe the beginning of the week GBPUSD will go to the upside a bit around 1.3945 until 1.3965 before going to the downside again and targeting the 1.3735-1.3750 area. I believe there is still some room in the downside for GBPUSD to fulfill before going...
🅶🅷🅾🆂🆃 _ 🆃🆁🅰🅳🅴🆁 _ 🆂🅰
Guys, I'm hoping everyone is doing well and printing a lot of pips 💵💵💵😊💵💵💵 during this bear move...
This (wave(2)) invalidation level will point us to the right direction, but for now, please, make sure you validate this level before placing any trade.
If BULLS proved to have completed the (1,2,3,4,5) pattern, then we may see BEARS be...
Here is my analysis of DXY ( USD ). In my opinion, DXY already completing full cycle 5 waves and A B Correction phase. And right now DXY making an impulse downside movement. In my waves counts, DXY almost reaches 5 waves and will make the 2nd wave which is the wave retracement. I expecting DXY retracement will making a Head and Shoulder pattern. If this happens it...