The BTC price move analysisHello, dear subscribers!
Today we are going to consider two possible scenarios for the Bitcoin price.
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As we can notice on the chart the price has a pullback from the $34800 level to $28000. As a result we can define the swing low and high to define the Fibonacci Retracement levels. The price bounced off the zero Fib level and found the resistance at the 61% Fib level. Now there are two possible scenarios for the BTC.
Negative scenario
The price is almost formed the Head and Shoulders formation. We should be very careful at the $30000 price level. It is important level to form this bearish pattern. In that case the price will go lower than zero Fib level of $28000.
Positive scenario
If the price find the support at 38% Fib level and bounce off it we can see the growth above the 50% Fib level. If the price find support also at that level and brake through the widening falling wedge the massive growth continuation has a high pribability.
DISCLAMER: Information is provided only for the educational purposes and should not be used to take action in the markets.
Tothemoon!!!
BTC Correction to jump back upBTC has corrected towards the 200 MA where it has previously shown signs of major support. We can expect the sellers to be washed out this week and buyers taking over again. Initial calls, but will sell if it makes a clean break and retest of the 200 MA as an acting resistance
The ETH Price AnalysisHello, dear subscribers!
Let's consider the ETH price movement analysis. Today we will talk about two interesting scenarios.
The main scenario for the ETH is the bullish one (green line). The price now is in the ascending trend channel and more globally there is an uptrend for ETH too. If the price will break through above the ascending trend channel it reach the R2 level of $680. This R2 level coincides with the 3-year 0.5 Fibonacci level and the global 3-year resistance. As a result we can see the difficulties for the price to break through this level. But if it occurs we can see a massive price growth.
We should be very careful for the bearish(white line) scenario. If the price reach the R1 level we can see the price pullback to the target 1 or target 2 areas. But if the price reach the R2 level this negative scenario is canceled.
P.S. The price now is trying to brake the ascending trend channel but we should receive the confirmation that it is not fake.
🚀Bitcoin. Correction in the senior wave degree.🌠●● Mine scenario
● 1D
You can see the count of the senior wave degree in the ideas published earlier. The probability that the growth goes subwave (B) as part of the triangle ((4)) is still the main scenario. But now i also add more bullish version of the count as an alternative (you will find it just below).
● 4h
Previously published forecast is completed.
Waves i-v as part of (v) of ((iii)) equality has been achieved, and the minimum structural requirements have been met. It is worth being prepared for a broader correction ((iv)) , which, based on the guideline of alternation, is more likely to have the shape of a Triangle or Flat.
● 45m
Now I'm not considering short positions. On the contrary, locally the growth can be continued in the case of transformation of the wave (v) of ((iii)) to the Ending diagonal. With minimal risks, it is possible to enter long trades if the triangle (B ) of ((1)) is fully formed and after breaking this triangle up.
●● Alternative scenario
● 4h
I also continue to consider the count in which the wave (B) forms a double zigzag W-X-Y . Locally, the count is identical to the main scenario, except that the correction is expected to be a fourth wave degree lower.
●● Global Alternative scenario
● 1D
Of course, I am under a lot of stress assuming the possibility of a serious decline within the wave (C) of ((4)) as the the main count. But I will allow it on New Year's Eve to be an alternative count, within which the triangle ((4)) was formed earlier. There are some reason to consider such a scenario less likely, but, as it usually happens, if it is successfully implemented, there are many more reasons why it should be considered as the main count.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
The Probability of the BTC Price CorrectionHello, dear subscribers!
Today we are going to consider the possible BTC price movements scenarios.
There was the huge price growth three days ago from the R2 monthly CPR level to R3. But it bounced off this level and began a consolidation period. During this period the descending triangle pattern was formed and now the price is testing its lower band.
We can also notice that the price bounced off the CPR daily and now is testing the S1 level which is matches with the triangle lower band. We can conclude that it is the strong support at this level.
There are globally two possible scenarios:
(1)Green. The price will bounces off this support level and continue its consolidation. In this case we should observe the future price movements to build the appropriate analysis.
(2)Red. The price will face with the correction in case of the triangle breakdown. We can see the attempt to re-enter the triangle, but in case of bounce off this level down the correction to the $24300 is inevitable.
The MACD indicator demonstrates the bearish sign: the MACD line crossed the 0-line and the signal line from up to down.
To sum up, the BTC is still is very bullish but we have to watch for the further BTC price movement to make it clear when the correction could be. If the price will break through the higher band of triangle we can see the massive growth to the $28600.
Please be very careful now!
EDUCATION: Parabolic Growth PatternHello, dear subscribers!
Today's topic is parabolic growth pattern (PGP). This pattern can be applied for the current BTC price analysis.
What is the parabolic growth pattern?
This is a price growth pattern which is formed by the sequence of the bases and price pumps. The base is the price consolidation period after the price growth period.
How to draw it?
The main rule for PGP formation is that the parabola have to touch at least two points from the different bases. You can use arc to apply it on the chart.
How to analyze with PGP?
You can obtain some useful information for the price movement analysis when two bases have already formed and the third base formation is in progress. The main feature of PGP is that when the base 3 is completed the massive growth with a high probability there will be. This growth can be equal to the price change from the beginning of the formation of the parabola, but this growth is much more rapid.
After the last huge price move we should wait the pullback to the base 3 level. This pullback can be sharp or smooth but it is inevitable.
The BTC move to $27000 is unlockedHello, dear subscribers!
Today we have a very nice opportunities in BTC trading.
The price was in horizontal channel, restricted by the CPR R1 and R2 levels. During these fluctuations it formed the symmetric triangle and yesterday the key events occured. The price broke throug the triangle and the R2 level clearly. We can add to this analysis the clear Fibonacci 161% level breakout and receive a strong bullish signal.
Let's consider the indicator analysis. There is a strong confirmation of the uptrend because the Alligtor starts the feedind time while the MACD line crossed from down to up the signal line. Also we can notice the bullish engulfing pattern which is a strong confirmation of an uptrend in case of Alligator detected trend beginning.
There are no more any resistance on the path to the $27000 price for the Bitcoin.
Will BTC price growth continue?Hello, dear subscribers!
Today we receive a new evidences for the future BTC price growth.
Let's take a look on the Fibonacci retracement level, which is based on last 5 days price swings. We can notice that the price fluctuates strictly between the R1 and R2 CPR levels. The 61% Fib retracement is very impoptant level because it is a strong support and resistance for this period. White arrows demonstrate the points where the price could not break this level.
Yesterday the price broke through this level and it seems that found support here. Now we should wait for the confirmation. If it happens we can see the price growth to the 1.68 Fib level and to the R3 CRP level.
Another one significant confirmation of bullish bias that the price returned back to the ascending trend channel. The break down was fake and we did not see the rejection.
Bitcoin showcase is going onHi,
I would like to share opinion with you. First of all I'm trading amateur in a learning process and I'm really happy with results till now. Actually I become obsessed with investing :)
What we can see in this chart are the analysis that I created just before BTC spiked above $24K. There is an uptrend with the price, but downtrend within RSI. Many big investors came in after $20K per BTC so there are indications that last big movement can be repeated.
It would be nice to see some altcoins to make some real movements based on what BTC did last couple of months. But what we can see for last two week, everything is up to BTC, altcoins are follow BTC movement like little ducks their mommy. :)
I recommend you to don't take my analysis as 100% true as I'm still an amateur.
Will BTC repeat 2019 year scenario?Today we noticed very interesting coincidence about BTC price movement.
We have it's behavior near the 2019 HH on the left part of the chart.
There was almost the same price pattern: the massive growth, dump to the CRP monthly level, huge pump to the Pivot R1, R2 and R3 levels and after the pullback scenario.
It is obviously that now the BTC price is in the bubble and it will burst sooner or later. Here we have a possible interesting idea of new ATH price. It is assumed to be at almost $28000, but we set the last target at $26000 because the price has a great volatility near the HH. But the price should to break up the privot R2 level first to move to R3 level.
🚀Will Bitcoin survive the fourth wave of the supercycle?🌠●● Mine scenario
● 1W
On the left is a variant of count of the SP500 index, in which the wave ((5)) of V forms a diagonal. On the right is a variant of count of BTCUSD , which assumes a sideways correction by the wave ((4)) , as part of the final wave V of (III) .
● 1D
Probably, wave (B) of ((4)) is forming a single zigzag (double), followed by a decline in wave (C) . The critical level for wave (B) of ((4)) is 36900 , if it is broken, then wave (B)> 200% of wave (A) , which is unacceptable in triangles and, most likely, in flats.
● 4h
Count of the wave structure in the 4h interval. The first targets for wave iii of (v) are located at the level of 24470 , at which point wave iii will equal 1.618 of wave i .
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
The next BTC price targetsHello, dear subscribers!
There was a nice BTC price pump today, which made it clear that the price is going to reach the resistance line of the ascending trend channel. Bitcoin broke up the ATH, it's an overcome of the great psychological barrier.
In addition, the BTC price bounced off the monthly CRP line, broke up the TC line and now is seeking for the pivot resistance(R1). We can define now 2 possible scenarios. The first one is the reaching the resistance line of the channel and breaking it up for the target $22000 pivot R1 level. The second one - reaching the channel resistance line and pullback to the support line with the $18800 level, after that the growth to the $22000 will continue.
XRP/SPARK AIRDROP MEME CONTESTBINANCE:XRPUSDT
Disclaimer: I am not trying to spread FUD :downtrend: for anyone who takes offense :sell: or has the feels :rip: about such a thing (it really gives a new meaning to bull in a china shop, lol).
I just like having fun while trading and I like being right ( don't we all? ;) )
Here and above is my new chart adjustment and my own entry into this contest.
Please send in yours! I wanna see the best meme charts this group has got.
The prize will be :moneybag: 500 USDT :moneybag: worth of XRP!
(at time of receipt)
Hey everyone :shades: follow me and private message me with a link to your submission.
Winner will get some crytpo as a prize. Send me your best meme chart that is the result
of Ripple's Flare Network :zap: SPARK :zap: airdrop and the subsequent craziness.
I will collect all the charts submitted from now until 22:59 UTC tonight on December 12th. I will
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open the vote to everyone in TradingView. The meme chart with the most votes wins.
To enter:
PM me a link like this one to your entry: https://www. tradingview. com/x/D6nHOQ3D/
Your entry must be a snapshot of a meme chart from Trading View. No outside or non-chart memes please.
Your entry must an original work done by you.
Your entry must include your account name.
must be in the bottom right hand corner of the chart
-must be large enough to easily identify
One entry per person.
-anyone caught using more than one account or otherwise cheating will be removed and suffer terrible public humiliation
You must like this post and follow my account.
-this is so you can kept informed if you won as winner will be announced here
-this will also keep you in the loop for any future events I put together
To Vote:
Instructions will be posted with charts when voting opens.
When voting opens I will also link the new post to this one.
Winning:
Winner is the person who has the chart with the most votes.
-I, D34G, will have a chart in the contest but please don't bother voting for me
-I won't claim a win in my own contest. Only a jerk pulls that kind of :bull: :poop:
Winner will receive approx 500 USDT worth of XRP in a winner takes all.
-no, there are no second prizes
Winner will be featured here above in a final edit to this post.
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As always, neither I nor anyone represented in this post make any claim, here, to have the ability to render any type of financial advice.
This post is only intended as an educational post on the SPARK air drop and how fun charting can be.
The BTC price movement possible scenariosHello, dear subscribers!
Today we will talk about the possible BTC price movement scenarios.
Now it is the key moment of the future BTC price levels definition. First of all, we can see that the price bounced off the global 2-month trend support line. It is a very strong support and breaking it down will mean that we can see a huge price drop.
Yesterday the price broke down the level 0 pivot of $18700 after the symmetrical triangle was broken. As a result the dead cat bounce pattern was formed. This pattern can lead to price drop below the level 1 pivot and lower to the red line according to the negative scenario. The main evidence of this scenario activation is the breaking down of the $17650 level.
The positive scenario will be activated when the price will grow above the $18700. In this case the dead cat bounce pattern will not be completely formed.
To sum up, the main trend is bullish and we predict the price growth continuation regardless the positive or negative scenario. But, please, be very careful about the negative one.
Ripple, is that really You?! XRP/USD Elliott Wave Analysis 🚀●● Main scenario
● 1D
BITSTAMP:XRPUSD
I propose to consider the following count: the primary wave ((5)) of "I" forms the Ending diagonal , inside which the current growth (at an early stage of its development) goes through the wave "A" of (3) . Indicative targets for the third waves are indicated by the blue and green Fibo levels. The minimum goals for the intermediate wave (3) are to go beyond the local top (1) , level 3.35 .
● 4h
BITSTAMP:XRPUSD
Now we see a series of first waves in the composition of A of (3) . The Last vertical growth, I believe, was "Third of a Third" (Powerful middle section within an impulse wave). Next, a series of fourth waves is expected, at the end of which a long position can be set. The current sideways correction most likely forms a Contracting Triangle without an overlap , which is acceptable with an Expanded Flat in the position of the second wave of the impulse.
●● Alternative scenario
● 1D
BITSTAMP:XRPUSD
The count with a deeper correction "II" looks less likely, but under certain conditions it can be implemented. For example, a quite good signal for this is the transformation of the wave ((B)) into a triangle. So far, however, it is not necessary to talk about this. If we consider the current growth as a correction, then at this stage of growth it can be in the form of a single zigzag or a double zigzag (W)-(X)-(Y) .
● 4h
BITSTAMP:XRPUSD
The alternative count is aligned (has the same direction) with the main one for the near perspective, but it assumes a broader correction by the "B" of (Y) wave within the black-marked count.
The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
Bought Bitcoin before to be late!!! This it's bullish!!!In this technical analysis and update. Bitcoin still bullish toward my 2 objective to reach up. My first objective it's a target around of $20,800 USD and my second target it's $22,400 USD. So guys, first I see that Bitcoin form a simetric triangle of continuation of the trend and Bitcoin it's into this re-accumulation zone by one reason. The reason it's could be that microstrategy ad 50,000 Bitcoin into their portfolio value of $50 millions and also, i noticed that specualte news on social media, you tubes media and cointelegraph reading it.
Now, lookint the chart in Daily, BITCOIN it's support in this key trend line that it's bullish and for zoom out we see a simetric trianlge of accumulation.
But if you see this screenshoot, I count the candlestick and I se that Bitcoin it's into this accumulation zone. So, guys, in summary short position it's not good idea. So, my latest technical analyss will be invalided and cancelled of this formation of chartist pattern, whales are cooming on to bought more Bitcoin and the new ATM wealthly transfer it's cooming on right now.
Now, it's very important to be updated in this thing!!!
Also, maybe in this H4 we could to entry right now for then a next impulse #3 to the elliot wave analysis.
Details:
1. Position: Long
2. Price Entry: $19,000 USD (Buy Order Limit)
3. Stop Loss: $18, 200 USD
4. Take Profit: $20,800 USD