Beast Trading _ Today's Bitcoin Perspective Bitcoin has continued to weaken since hitting a 24.7k high. Personally, I think this decline is still an adjustment to the amount of increase from 20.7k, and the likely end of the decline will be 22690 or 22230, which is 0.5 Fibonacci digits of the total increase, or 0.618 digits. If you look at the way it's going...
Possible falling wedge reversal on USDCAD 4HR/1Day! We will WAIT PATIENTLY for this reversal. USDCAD is coming out of a bearish triangle (WEEKLY) with a fake brakout to the upside to test the (MONTHLY) OB @1.32000 area. It has broken the short-term bull trendline and seems to be creating a HEAD & SHOULDERS pattern on the DAILY! We will play the Right shoulder Buy...
First of all, I want you to take a look at the volume indicator. As you can see, we have huge bullish volume! On the daily chart, there is a descending parallel channel that has been destroyed by the bulls recently. Also, there is a local symmetrical triangle that looks like it is also breaking out, so we have a double breakout, which is nice to see! Impulse...
FTFC•3-2-2 in formation on monthly• at resistance of falling wedge
For a confirmation trade, buy a breakout above 6.41 USDT, which I strongly advise you to do here! As per my Elliott Wave analysis, the huge impulse wave has been finished successfully and now we are ready for a bullish retracement. As you can see on the chart, we have a local base (rectangle pattern) and this is something i like to see! The last trendline of...
I think that AEO is one of the most overlooked stocks right now. Elliot wave analysis suggests that the year long correction is over and we are on the brinks of starting a new motive wave. We clearly saw a breakout out of the falling wedge on friday, and that's BULLISH. Not only that, but AEO is a company that actually makes money. Above all that, AEO is a highly...
I think there is absolutely no time for a multi-year bear market at this moment. We had exactly the same correction (73%) as in 2020, and after that a massive bull run started. As per my Elliott Wave analysis, we are still in the bull market of an impulse wave and we need to finish it. An ABC correction (ZigZag 5-3-5, wave 4) has been completed successfully,...
The price is creating a falling wedge on 0.097$. the price lost important support at 0.1$ and now the market is testing the previous support as new resistance. How to approach it? IF the price is going to have a breakout from the resistance and retest as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple...
I will keep this brief: 1) Price has dropped over 98% (!) from ATH 2) RSI is as oversold levels, descending wedge forming 3) The falling wedge drawn 4) It has printed red candles for a consecutive 10 weeks. How much more can it drop? 5D BTC pair chart looking nice too Can the price drop more? Sure. But after a 98% correction? I am willing to say chances...
We have a huge falling wedge on the daily chart, and the price is currently breaking out! As per my Elliott Wave analysis, an ABC correction (ZiagZag 5-3-5) has been completed on the macro scale. We had a massive uptrend in 2020–2021 and also made a double top (2018, 2021), so this coin is definitely stronger than others. The first profit target is at a...
As you can see, we have a falling wedge on the daily / 3D chart, which is a bullish reversal pattern. This is a fantastic buying opportunity when combined with a local ascending triangle! My Elliott Wave analysis suggests that a main impulse wave has been completed, and that's why I expect a bullish retracement. My main profit target is at the previous...
Am going long on the retest for 2.96R .... Confluence breakout of inverse head and shoulders, and descending triangle...... Like and Subscribe
We can see price action is now currently back above the weekly 200ma (in blue). This key moving average has held solid support for most of bitcoins existence and if it can flip back to solidified support here as well then it should allow price to break up out of this falling wedge right around where I have placed the dotted line that charts the measured move of...
On the daily chart, we can spot an inverse head and shoulders, a bullish reversal pattern. The main trendline has been destroyed by the bulls! And now we are trying to break the main resistance. Also, we have a falling wedge on the LOG scale, which is a very bullish sign too. If we take a look at the volume indicator, we can see an elevated bullish volume -...
Quick post - Falling wedge breakout on 3 day chart here, regardless of how you draw the trendline for the top of the wedge. OBV rising substantially faster than it has throughout this stock's history. Weekly 50/200 EMAs show a golden cross. 1.5x target approaches previous ATH, wouldn't take much extra for us to see ATH again or even a new ATH.
I am always bearish, but now I am neutral; Inflation must have peaked by now My target for USD is another 10% up, but it also means we almost bottomed. I don't mind eating a dump, the upside is bigger The FED won't hike this aggressively anymore Next meeting is in two months RSI looks overextended and screams for a big drop, though, we could have it after pumping...
In my opinion, Litecoin will never die because it was the first altcoin, forked from the Bitcoin blockchain in 2011. On the weekly timeframe, we have a falling wedge and the price is currently breaking out! As per my Elliott Wave analysis, a massive impulse wave has been finished and that's why I expect at least a retracement. The profit target is at the...