Bearish Bitcoin Analysis based on Elliott Wave Count, Fib Time zones and Fib Wedge tools.
The prediction is based on the fact that Bitcoin is still in ABC-Correction of greater degree and the last bottom hasn't been validated yet.
Imo, Wave-A of Grater ABC-Correction is finished and Wave-B is just formed. In more detail, this Wave-B is made up of corrective...
Hello guys, a lot of people are asking me for a new chart. I have not a lot of time theses days so here is again a really simplify one.
Everybody on tradingview and on youtube have seen the formation of the obvious symmetrical triangle, everyone is talking about this from days now. A magic triangle that will save us right ? BUT, permanent bulls and crypto...
Hello everyone. Following the Elliott wave count, I am still expecting one more drop (sub-wave 5 of wave C, the capitulation wave). This could also be considered the spring test in Wickhoff Theory (I'm not an expert, but communicate with one that is).
It's clear, there are plenty that are expecting a new bottom, and it is also clear the market has gone (bullish)...
GVT (Genesis Vision) inside a bearish pitchfork and a huge triangle, playing now this bear flag until bottom of bigger triangle or little further down...
Meanwhile there's profit to be made on a bear flag :) Leg D > E, short E or 0.618 fib and long bottom (rectangular box).
Short opportunity in the works, indicated by bearish elliot triangle wave coupled with a bearish divergence in the 9-day fisher transform. May remain relatively flat on low volume until earnings reported on January 31st, or perhaps drop before then with the broader market on "trade tensions" and "fear of global economic slowdown".
Long-term view: Amazon has a lot...
If Elliott Wave ABCDE correction goes according to the chart, then it goes as follows:
First, BTC goes to $3900 to $4000. It then drops and breaks the triangle, retests and possibly hits the $3150 support (December low, you can put your take profits in there) and completes Wave 3 as a longer scale movement.
So the entry on the short side - breaking the $3500...
If everthing goes according to the chart, then it's pretty simple:
From here on, BTC goes to $3900 to $4000, then drops and breaks the triangle, possibly breaking the $3150 support (December low) and completing Wave 3.
So the entry on the short side - breaking the $3500 price level, would happen around the beginning of February (implying that BTC will hit...
DLT the tittle says it all, those setups that is worth to see develop!
There's hidden bullish divergence on RSI.
Making another higher low and consequently (if doesn't break up) another lower high on PA (Price Action), should mark another lower low on RSI for confirmation of the bullish hidden divergence (3rd point) - continuation of uptrend.
welcome to another free signal!
Important: This currency-par is very volatile and sometimes unpredictable!
Make sure to trade with a decent money-management!
Target 1: 5,550
Target 2: 5,66790
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In this Analysis you can see Bitcoin chart perform symmetrical triangle pattern,
But depend on where is break upside or downside, maximum chance here upside and price will be hit $4800.
You can also see here perform perfectly ABCD pattern so we'll wait breakout first.
See our latest analysis.
EURUSD - H1 Descending Triangle & Short Setup
"Descending Triangles" are bearish. "Descending triangles" form in bear markets and favor breakdowns.
Trade: Trade one tick below the low of the breakdown bar (outside of the triangle). Confirm the
breakdown with increased volume.
Target: "Descending" triangles have similar targets like "Ascending" triangles....