🧐Today, I want to analyze Bitcoin for you in a weekly time frame so that maybe it can give us a good view of the continuation of Bitcoin's movement . 🏃♂️If you look at the chart, Bitcoin is moving in the Ascending Channel in the weekly time frame, the ascending channel I have drawn seems to be a valid channel, so that the middle line of the ascending...
Current micro-primary count for YM1!. Working off premise of impulse wave down from 40358 to 37463, corrective double-three bounce off low with zigzag W, X, expanded flat Y. Count valid with price above 37866, with median line of pitchfork as target.
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Comparing SPX on the left with UVIX on the right. If UVIX double bottom can hold price above 8.37 and SPX can break below price of 4953.56, I find it highly probable that the top of equities is in. If UVIX at any point breaks below 8.37, then any breaks of SPX below 4953.56 would like be dip-buying opportunities. If UVIX breaks below 8.37, then it is also possible...
It seems that the It seems that the downward trend is still dominant and there is a higher probability of a decrease and there is a higher probability of a decrease
ETHUSD looks like it's trying to form a (leading) contracting diagonal, which would be a very bearish development. A median line tag above 2399.81 would complete the pattern.
I have altered my primary count to what I think is more accurate in terms of the largest wave structures. Area in orange ellipse was the "free money" wave (5) of iii, wave (4) that preceded it being a very rare (and incredibly bullish) running flat. For wave v, I have my bullish count in green and bearish count in red. There is a five-wave structure to complete...
This count has primary wave 1 peaking in October 2007, wave 2 a zigzag down to March 2009 low, wave 3 peaking in September 2018, wave 4 an expanded flat bottoming in March 2020 (COVID-19 low), and wave 5 peaking in January 2022. This would complete a full impulse from ATL to ATH. After January 2022 (which would be wave 2 of largest degree), I have what looks like...
BINANCE:ETHUSDT COINBASE:ETHUSD 📈ETHUSDT Daily Long Setup📈 ⚡️long position with mid-risk status.⚡️ TP 1-2-3-4 and SL are on the chart. The Alternate scenario: If the price stabilize below the Bollinger midline, the setup will be cancelled ⚠️Don't forget to de-risk your positions.⚠️
If NQ1! has topped for primary wave iii of v, the top of 18709 tagged the 3.618 extension of i from ii and, at the same time, it tagged the 5.618 extension of (1) from (4). From a technical standpoint, it's a beautiful finish. I would think that 11806.25 would hold as support, but technically wave iv can finish anywhere above 4884.
Side-by-side comparison of ES1! and NQ1!. I'm proposing that both have impulse waves down from their ATHs to the lows of last week. Areas in orange ellipses show ES1! holding its low and NQ1! breaking its low. I'm interpreting this as evidence that each bounced off their lows with corrective structures, ES1! with a regular flat and NQ1! with an expanded flat....
I think that if one is to interpret the move from 5333.50 to 4963.50 as an impulse wave, this is the best way to do it. Wave 1 of the impulse (orange ellipse) is a contracting leading diagonal. The proposed ES1! impulse wave down correlates nicely with NQ1!'s price action (NQ1! has an expanding leading diagonal in its impulse wave). If the impulse wave from...
BINANCE:ADAUSDT COINBASE:ADAUSD Hello dear traders. ⚡️ In this post I will track the BTCUSDT movements from 11 Apr - 18 Apr. 📈 What to Expect Next? 💡As long as ADA is above the $0.5682 level, the bullish scenario is quite valid. The bullish scenario targets are on the price chart. 🔑Key Insights: 📈If the bulls stabilize the price above the 0.5682...
BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. ⚡️ In this post I will track the BTCUSDT movements from 11 Apr - 18 Apr. 📈 What to Expect Next? 💡The price of Bitcoin is in a vital situation. As long as the price is above the BB midline, the bullish scenario is quite valid. The bullish scenario targets are on the price chart. 🔑Key Insights: The...
BINANCE:ONTUSDT CRYPTO:ONTUSD Hello Traders 📈ONTUSDT 15min📈 ⚡️Quick Long position with a mid-risk status.⚡️ TP 1-2-3 and SL 1 are on the chart. ⚠️Don't forget to risk-free your positions.⚠️
BINANCE:TIAUSDT COINBASE:TIAUSD 📈TIAUSDT 1H📈 ⚡️Quick long position with semi-high risk status.⚡️ TP 1-2-3 and SL are on the chart. ⚠️Don't forget to de-risk your positions.⚠️
My count has wave 5 of 5 of primary wave 3 complete, primary wave 4 projected to complete towards October 2022 low of 10484.75. I'm looking at 11806.25 to be support for primary wave 4. Area in orange ellipse ends of being an expanding leading diagonal 1 of 5 of 3.