Buy/long Bitcoin at 17600, because there is an unfilled GAP between the previous candles. It's the start of the huge parabolic uptrend, and the bulls will most likely defend this level! It looks like Bitcoin is going to reach levels above 25000 after we fill the GAP and complete this Elliott Wave corrective pattern (ABC). Currently, we are in wave B. Why...
This is a bearish technical analysis of Bitcoin. It's supported by technical tools, and I am not saying this is going to happen; this is just a scenario because we need to consider all possibilities. First of all, we need to take a look at the bearish wave from November 2021 to November 2022. It definitely looks like an impulse wave; it's pretty obvious, but I...
First, Bitcoin is going to drop to 21833 or even a little bit lower at the start of the week, probably Monday or Tuesday. After that, we should see a massive pump to the upside to fill the previous unfilled GAP, which is around 23395. The bulls should step in at around 21833 because, technically, we will finish the ABC correction from the Elliott Wave...
XRP will give you a life-time opportunity to buy for an extremely cheap price, around 0.18 USDT! It's going to happen probably very soon, so make sure you are prepared! This is a whole chart of XRP from 2016 to 2023. As you can see, the massive pump in 2017 was very strong, and right now XRP has been consolidating in this bullish regular flat pattern (3-3-5)....
The new monthly candle is closed as a DOJI. This is one of the most powerful reversal candles that can happen at the end of a trend. The previous candle from January was a huge green candle, so this DOJI from February is an indication of bullish exhaustion. The bulls were not able to continue the uptrend, and the bears stepped in. This is the psychology behind...
Ethereum is now in an extremely difficult situation because the price is at the resistance of this symmetrical triangle and also inside the bearish rising wedge pattern on the daily chart! These patterns are bearish, so the probability of breaking down is higher at this point. Of course, we can breakout bullish, but do you really want to bet on it? What's more,...
$SPX SP500 turned lower back to 4k and there is room for 3800 as volatility & fear turn up, possibly to the side of 2022 range on $VIX. For now, still 2 counts on the watch list, but the bulls can be back early if 3800 causes intraday impulsive bounce. Bearish if 3800 is broken decisively.
It looks like Bitcoin has completed the first bullish impulse wave, which is a very positive sign for the future, but right now the correction is in progress. As you know, from the Elliott Wave perspective, wave 2 corrections are usually deeper, especially in crypto. 0.618 FIB or even lower is a classic retracement, and because we have a huge unfilled GAP, this...
It has been one of the best 2 months in crypto history, with tremendous gains on altcoins. Euphoria is at a very high level, but it's going to be even higher because ETH is forming this incredibly bullish pattern! My main focus is and always will be on altcoins, and I am monitoring all futures + spot pairs on major exchanges. I prefer to trade on leverage, so...
Bitcoin looks extremely strong these days; there is probably nothing that can stop the rise at this moment. This is an analysis on the 1h chart that could give you 2 potential trades. On the first trade, you want to buy/long the ascending triangle's support. If this trade fails for some reason, there is another trade that you could take. It's at the start of...
Hodlers have been waiting more than 5 years for this upcoming pump that is going to happen to XRP! The best part is that you don't have to wait; simply catch the largest moon phase and profit. I expect XRP to double in price first to hit the symmetrical triangle's POC, which is around 0.81. Maybe even higher, to 0.94, where the 0.618 FIB and high liquidity zone...
This is a strategic plan on how to play the upcoming price action on Bitcoin in the next few weeks. As a trader, you have to see it! As we can see, Bitcoin pumped with a strong impulse in previous days, and the 30k level currently acts like a magnet because there is no resistance on the way up other than this. You probably want to trade with the trend, so I...
Shiba Inu is absolutely ready for a massive breakout! I recommend to buy Shiba Inu right now because the technical analysis gives us a strong buy signal! As you can see, the price is breaking out of the descending channel with a successful retest. After the retest, I don't see any reason why Shiba should go down at this point. There are absolutely no unfilled...
We are currently in the new bullish cycle on Bitcoin, based on physics, statistics, mathematics, and logic. But the market can sometimes be unpredictable and go to zero. In this case, we are all doomed. This is the LOG scale on the weekly / 2W chart. That basically means we can't go up at the same rate and angle because bitcoin would cost more than $10 billion...
The solution to this analysis is to find the most probable reversal point for this corrective move, that is currently happening on Bitcoin. Bitcoin failed to make a parabolic move. If we compare the start of the bull market in 2018, it was different because Bitcoin parabolically rose. But this time is different! We must now concentrate on catching the bottom...
As you can see, TRX is currently breaking out of the descending triangle on the daily/weekly timeframe, and an explosive pump is now likely! The take-profit is at the top of the triangle, which is 0.18 USDT. I think it's possible to go higher, but we don't want to risk anything, because we could be in wave 5 from the Elliott Wave perspective. Triangles are...
ETH is a ticking bomb at this moment, because my analysis suggests an explosive move is about to happen. I hope your bags are full! As you can see, the price is breaking out of a bullish pennant on the 4h chart with a successful retest. What more do you need? The price is moving in an ascending parallel channel, and it's very important for ETH to hold this...
Bitcoin will definitely reach 30,000 - 32,000 USDT this month, but after that the bears will try to shutdown Bitcoin, because of a massive resistance on the daily chart, so keep reading! Why is the 30k-32k level so strong? We have 4 confluence points here, and different people will sell Bitcoin at the different levels, but they are very close to each other, so...