My latest conviction is that wish has been sold maybe before it even did an IPO.
Here's the game plan
1. VC's that have been to WISH (close to 10 years) needed to do an IPO so they would cash out their position and return the money to the funds, since there is a policy to close the fund 10 years after inception....
Analyzing the 1D and 4H charts, I will continue shorting.
Yesterday my sale from 156.020 has fallen to the level of 154.9xx making a movement of 112 pips, if you have followed the analysis it is smart that you have put the SL in the entry price since a movement of 112 pips is a very considerate descent.
We are in an important selling area in which we have to be...
What's new since the last BTC update?
Trading volume over the weekend was below average and we have been trading in a range that has a high of $43800 and a low of $42300.
BTC's daily outlook remains positive with no clear signs of reversal. The sector chart shows nothing exceptional and as said before, without institutional volume we could possibly...
I expect BTC sideways action between 39.5-53K ranges by 2022 March. Then I expect BTC rally.
At this very moment I'm watching the scenario I posted in this chart. I think BTC has bottomed at 39.5K/maybe, but less likely one more touch to that point/.
As you see, Double bottom pattern is a reversal pattern. And BTC did it when dumped to 39.5K on on January 10th...
Welcome to this analysis about BTC . We are looking at the daily timeframe perspective, the recent events, the established daily falling wedge and some indicators. BTC hit my last and main support at 39.5K September low and made double bottom and rejected at support area with strong buying pressure. It is obvious there is a huge buying demand AT 39.5-40k level. At...
I would love to hear other elliotticions opinion on this scenario.
So for now we are almost reaching the end of wave 4 wich was the longest wave of them all , wave 4 is usually the most longest wave . As we seen it broke the 0.3 fib level so i expect to reach 0.5 wave 4 maximum fib level wich is 53700
. after we complete wave 4 we will dump to the last wave 5...
If the pink line is broken up, the bullish trend will resume. Additionally if the green channel is broken to either ways, tp1 would be the middle line of blue channels and tp2 would be end of the blue channels.
If price goes below ichi cloud we would probably have more downs and if we stay above, as we do, targets would be 1818-1825.
Eth is at really hard place right now. As with BTC its market cap chart has already extended aver all major fibonacci extension levels (will show the chart later in the update of this idea). While i am confident that BTC has entered a bear market, i am a little less with ETH. Imo there are two scenarios for eth, one is bullish , the other one is bearish . Whatever...
unfortunately it lost ascending trend line (yellow line ) , now BTC is trying to crossing the resistance line , it need more volume and strong candles .
I hope BTC to cross the green line and reach to the next resistance line .
However, there are different scenarios and for now it is better to be a little careful .
you can use Ichimoku too .
What is my view on ICP/USDT ?
ICP shows a positive price development. both buyers and sellers have been tricked at one time (including me).
Later I saw a logical liquidity grab from a lower zone. Since then, the price has gone up again so I expect a breakout soon. Before I get in I wait for a breakout+retest or a drop to .618/.71 fib level
According to Fundamental News, there are two scenarios for the Australian dollar against the US dollar.
With the release of US unemployment data, the value of the dollar plummeted, and the devaluation of the dollar caused an upward trend in other currency pairs, where the US dollar was on the right.
Mr. Powell will begin his speech in a few minutes, which he says...
Hi guys. I've imagined a scenario in case we are not breaking down and I saw this cup and handle target being in perfect alignment with 1.618 which is around 95k. Also, maybe there is a bearish divergence on rsi which will lower the price and maybe respecting the cup and handle pattern. Not financial advice, I've just wanted to share this coincidence.
✅EUR_AUD has reached a support level
But I am still bearish on the pair
Thus, instead of guessing
We will wait for a breakout
Either way, and based on that
We will enter a long or a short
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✅AUD_NZD is trading in a strong downtrend
And the pair is now retesting a horizontal key level
While trading in a local falling channel
Now, there are two scenarios here
We can see a retest of the support and a bullish breakout
From the channel to the upside
In which case we would go long on pullback
OR the pair will...
Probably the same scenario as 2017/2018 will be repeated
big support 18k ,similar big support 2018 ---3k
The start of cycle will be in 03 or 04/2023
mania phase will be after halving 2024
top cycle 2024 will be 500k to 700k