I've put together another two possibilities for BTC based on what we've seen in the past little while - one bullish and one bearish case, but both extremely dependent upon what we are currently doing.
This looks like BTC is forming a triangle at the moment (so far we've seen 3 and 3 monowaves for A and B, wave-C currently looks like it will follow...
We are bearish on ETH/USD because Ethereum is trading within the up flag as a type of consolidation following the initiation of a downtrend following a triple top pattern. The downtrend from the triple top is the flagpole of the bearish flag pattern. Following the sharp down movement after the triple top, ETH has been trading within a bearish flag. Once there is a...
Quick shoutout and thanks to all the fine tradingviewers out there who helped me reach a triple milestone! Thanks to you this profile now has over 100,000 views, over 3,000 reputation points, and over 2,000 likes. Much love and respect to you all. I couldn't have done it without my 265 followers. So thanks to everyone especially my followers and with your support...
We've come a long way for this entry, finally E/A has formed a triple bottom. We can enter now and risk a bit and we should also get a second entry as price retest to explode upward continuing with its up-trend.
This has been a very difficult flag one which has waiting until the last possible second to do a bullish fakeout and then also a bearish fakeout. Seeing as how we are at the end of the apex I'm guessing it will be quite difficult for it to do yet another fakeout downward...also futures have expired today so there's no real reason for whales to push it down...the...
TSLA jumped up at an incredible rate. 12% in just a few days of trading.
This is quite outstanding if we factor in the fact that the company fired quite some people to keep up with costs and the fact that it never hit a profit in its entire lifespan.
Now, this is definitely a puzzling company for me. I find it crazy that a company with such financials is still...
Something to be aware of. I have mentioned a potential inverted cup and handle awhile back maybe 3-5 ideas back...well with the latest drops we broke under that inv c&h's rimline which triggered a steeper fall. This is an incredibly deep cup and if it were to reach 100% of its projected target it could send us all the way to 4-.4.1k We have seen many normal cup...
Price has reached a Daily and Weekly Demand Zone. With a bit of over-extension showing, I'm expecting price to pull back into the 1.2700 area where there is a 4hr supply zone. A triple bottom has also formed on the 4hr.
A clear triple top. It will most probably decrease to Target Profit #1, if it does there is a chance it can even decrease to profit target #2. In fact you can see it rise extremely quick on the 1st top, doing so means it will also reverse extremely quick. Be ready.
Bitcoin: BTCUSD One quiet Saturday playing Bitcoin V Mon-Fri 9-5 job. Do the math.
Whilst above 7717 key near term support the bulls are still in charge here. The opening in China will likely drive price down
but it should hold up off the lower parallel and down to 7717. Touches here are buying opportunities with stops under 7000
line and if they produce pin...
- Price found support on the round number resistance 3x
- The fourth touch ended with two dojis(indecision)
- A triple formed with the doji’s (round number, trend line from ascending triangle, fib support)
- On the other side you have an HS formation with proper backup from the ema crossing
- would wait for a signal bar to enter
Lets combine Elliot Wave and technival analysis. According to D1 chart price is bouncing from a long term S/R and neckline (triple top):
We see also a previous WXY structure already completed.
Here on H4 chart:
- 0.61 fib retracement
- first convergence
- trendline (channel) broken and retested
- H1 expanded...
Watching for both Buying and Selling Opportunities
Triple Top Pattern Completion. Price may be rejected or break through price 49.43.
Wait for Break Out for trend Line and Retracement back to S/R Line (price 49.43)
Rejected by trendline and S/R Line (price 49.43)