On the weekly chart, there is a global falling wedge pattern. We have already broken the line of resistance. Whether we will test the support line or not, it's a moot point. Targets are the 38.2 -50% Fibonacci levels.
Best regards EXCAVO
A falling wedge pattern has formed, and there exists the potential for a reversal movement and further continuation of its uptrend in case of breakthrough the resistance of a flag pattern.
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After the V-shape chart pattern, we see a local falling wedge - which is typically a bullish reversal pattern and an uptrend would soon follow and lead the price to the local highs.
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We rebounded from the bottom, after which we formed a correction channel from which we'll exit the top. A classic reversal pattern was formed inside this channel - an inverted Head and Shoulders . Target 61.8% Fibonacci level ~ 137.
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GBPAUD is located in the falling wedge formation which is a classic bullish pattern from which we'll go up. Also it's near the support zone and there's the end wave of Elliott(12345).
I expect some rebound to 23.6% Fibonacci level.
RSI - oversold
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Hi friends, over the past two weeks I turned my attention to waves
Firstly, we reached the bottom and began to grow and from the bottom made 100% after that we formed a triangle and according to the classics we have to break it up
Secondly, we can see the new volumes that I marked with a yellow circle
Thirdly, I noticed that the Waves company worked, and possibly...
Hello guys
At all webinars I talked about coins that were on my blue list, this is a list of new coins on the Binance exchange, which still had no pump.
The previous coins that I spoke about have already grown, and some are still in the process of growing
I was waiting for this coin when the accumulation zone is formed and it is shown in the yellow box, trading...
Below is the exact distribution chart
I've written a lot about the Wakoff method, now we see one of the most standardized distributions, link
www.tradingview.com
but if you open your eyes it's distribution for some and accumulation for others - now almost every week there are reports that Black Rock has more and more bitcoins - maybe all the bitcoins are just...
In our EXCAVO Family Chat recently, I was asked what I thought about XRP. I've been asked this question for years. It is clear to many crypto people that XRP has little to do with blockchain, smells like a scam, ex-CEO who sold the token in huge amounts, a lot of conspiracy science, the Settlement with the SEC.
But also with that, the company has a lot of...
BlackRock has significantly increased its investment in Bitcoin over the past year. This is partly due to strategic partnerships with MicroStrategy and Coinbase. As of April 2024, BlackRock holds 274,462k BTC worth $17 billion in its spot Bitcoin ETF. This amount is more than MicroStrategy, which holds 193k BTC. It is important to note that MicroStrategy was...
The willingness to learn, however, changes everything.
Active traders treat market analysis with an open attitude and they are interested in learning how to analyze the market structure. They combine concepts such as trends, patterns, and support and resistance to actively improve their analysis and trading skills. These traders are real manual traders.
This...
Prices and volumes of Bitcoin purchases at MicroStrategy
Over 9k BTC at an average price of 58000. 19452 Btc at $52765.
Even these whales are buying at the tops and sitting in the minuses for years
The largest holder of Bitcoin on the planet is not Microstrategy , but the Chinese government, cryptoanalysts found (twitter.com/cryptoquant_com).
In 2019, Chinese...
Hi. Happy new year everyone!
As you can see on the chart bitcoin can partially repeat the gold fractal, at least a few analysis on the fractal coincide, pay attention to the blue fractal.
I think yesterday's pumping of altcoin and decrease of bitcoin dominance will give an understanding that it is possible to enter the market, and the fomo will start in the next...
NEW GEM IN CRYPTO - Real World Assets?
Real World Assets are assets from the real world that have been transferred to digital tokens for use in DeFi ecosystems.
Tokenization can cover different types of assets, including physical assets like real estate and bonds and intangible assets like copyrights
📈 The RWA sector, which began its development in 2022, is...
Hi , the market has been very boring for the last few months, I think it's hard to disagree with that.
During this time of course there has been manipulative pumping of small liquid altcoins.
But still boring or am I getting old :)
I see a further rapid decline in bitcoin price, in the next 2-3 weeks, liquidation of all those jaded crypto traders, and after that...
In this chart I have shown the worst case scenario that could happen.
As we have seen in the last few days, there are fewer traders on the market, bitcoin made +10% and only 77 million dollars liquidated - a very small figure.
But as after this movement, trading volume started to increase, but newcomers and others started buying altcoins....
When reaching the...
