BINANCE:BTCUSDT has been showing bullish prospects all week and has been consolidating above key zones, preparing to go higher, but on Friday the market changed to bearish and there is a reason for that. BTC lost 3.3% on Friday and is currently painting a bearish picture. There are two reasons for this: Inflation related news, basically proving that...
Gold is extremely bullish and is expected to double its value in the next few years. We want to take advantage of this bull market and implement long-only strategies on futures. Right now, GOLD is breaking out of the descending channel, but I want to see a retest of it. The price broke out of this channel but created a fair value GAP. These GAPs tend to be filled...
FX:XAUUSD is testing 2378. For two weeks traders fought for the 2300 area and the bulls won. Favorable fundamental background and technical prerequisites played into our hands. Earlier we discussed with you the formation of the correction and the formation of the bullish pattern "descending wedge". The breakout of the resistance of the wedge confirmed the end...
✅As I expected in the previous post , PEPE was corrected by more than ➖50% . 🌊According to the theory of Elliott waves , PEPE is completing the main wave 5 , and most likely, wave 5 is a truncation type . 📚 A truncation is the fifth wave in an impulsive pattern that fails to exceed the price extreme of the third wave. It suggests underlying strength or...
This is part of my ongoing analysis, see links below. We have been orbiting 63.3k for several days. It is a key level of the wave down from the top. North of 63.3 is bullish, South of line is bearish. This chart is also a good example of my concept. The red fibs are extensions of an Impulse (fib 0.1). Purple lines are retracement levels of entire wave. Previous...
📈Today, I want to analyze the Solana(SOL) project for you. Is it possible to create a New All-Time High(ATH) or not ❗️❓ 🤝Please be with me. ❌Solana(SOL) was unsuccessful in the first Attack on the 🔴 Resistance zone($259.9-$196.40) 🔴 to create a new All-Time High(ATH) . 🌊In terms of Elliott wave theory, Solana(SOL) seems to have completed the main wave...
🕵️♂️ Let's analyze and review the VET coin together and identify potential entry points to profit from this coin. 📊 In the higher timeframe and weekly chart, we observe an upward trend starting from the point 0.01467. Buyer participation in the market has occurred. After reaching the important weekly resistance of 0.03383 and breaking it, we formed a new...
🕵️♂️ Let's dive into the analysis of this cryptocurrency and update our previous insights based on recent developments. 🌟 In our previous analysis, we anticipated a correction and observed more red candles in the chart, suggesting a corrective trend that we could leverage with positions in futures to profit. 🗓️ We noted the break of the ascending trendline...
If you can't read divergences and charts at this point who am I to say anything about that
Executing a coup, the tyrannical jester Kefka stole the throne of the global deepstate empire that holds humans in poverty and despair. After traversing to the peak of the floating continent, Kefka unleashed his diabolical FOMO... misaligning the delicate positions of the sacred statues of currency. The balance of power has crumbled to dust, and the world...
Bull trend at a Cliff's Edge here. Next support is a good ways down. Current support probably tapped. . 52.8k retest was always expected: . Check the "Related Ideas" below for the step by step mapping of the top.
For Ethereum, we're observing a chart pattern that has developed a weak divergence, and we believe it is now correcting wo the end of Wave 4 of Wave (3). We plan to place multiple entries; our first entry was at the upper range of the Wave 4 target area around $3200. However, the price has continued to decline. We are now looking to DCA and make a second entry at...
OANDA:XAUUSD XAUUSD Fractals Market algorithm fibonacci | algorithm | fractals
Let's take a closer look at the Bitcoin chart, using a three-day timeframe. Here's the scenario we're observing: we've developed a significant bearish divergence. Additionally, Bitcoin is currently in a short but valid sideways phase, indicating an impending decision on direction—upward or downward break is expected in the coming weeks. Our analysis leans towards...
Starting today BITSTAMP:BTCUSD is currently at 60,900 - the mid-point between 80,000 (next all-time high) and 45,000 (following low). Which way will we go? To the moon, of course 🚀🌖 We're currently at the bottom of the first shoulder in a typical head-and-shoulders pattern that we've commonly see Bitcoin perform. Strong downward resistance shows that while...
FX:NZDUSD is entering the consolidation phase after breaking the local trend resistance. On D1 the price enters a new range and on H1 a golden cross is formed. The dollar is standing still and losing positions since the opening of the session on the background of negative news. This is generally favorable for the currency pair. In this case, a retest of the...
Hi Traders i hope you all are doing well... so my idea will be Short from the current market rate at 1.07696 till the fib 0.5% - 0.6% 1) We see the market went bearish and failed to break the support at 1.07241and with the support it bouched back to the weekly high 1.07903 and foremed a fvg as shown in the above chart i am expecting the fvg will act as a strong...
Not even gonna guess how high will it fly. Got higher than we expected already. Smoked bears, gone into hibernation. Here are the fib levels for your consideration. Notice price approaches the top Bolly Band. Not a lot of room left to squeeze but it could pump higher. Not overbought yet. Short when it gets there. Bewary.