As you can see on the chart, the best month is April. Usually, you don't want to short Bitcoin in April at all. I would avoid intraday or swing short trades on the futures market completely. On the other hand, September is a bloody month. Will this September experience a big crash? It is possible, but of course, it's not a guarantee. September starts in 2 days,...
Bitcoin is still a very weak asset, compared to altcoins or the stock market index. As per my technical analysis, bitcoin's dominance should go down to the previous swing low established in 2018. You can bet there will be a bounce, but the question is, how big is the bounce going to be? As you can see on the chart, the ABCDE pattern has been completed, which...
The EURUSD is successfully holding the 1.0 USD level. This is indeed a significant psychological level, and we haven't seen any weekly or monthly candles that closed below this level. On the RSI indicator, we have a bullish divergence on this daily chart, and we also have another triple bullish divergence on the weekly chart as well! So, if you like...
As I mentioned in my previous analysis, BNB hit a new all-time high on the BNBBTC pair, which is an extremely bullish event! Also, BNB is stronger than ETH, and as per my analysis of the BNBETH pair, the uptrend should continue into next year. On the daily chart, we can clearly see a falling wedge pattern that has been destroyed by the bulls recently. Now we...
As you may know FAN tokens show great strength compared to other altcoins. A huge symmetrical triangle is breaking out on the weekly timeframe, as well as a local rectangle base! Due to my Elliott Wave analysis, I expect an impulsive wave, because the massive ABC correction has been completed. I also checked out the ALPINEBTC pair, which is even stronger, so...
Gold has bounced successfully from the strong support level on the weekly chart. As per my Elliott Wave analysis, an ABC correction (FLAT) + Wave (4) have been completed, so we can start a brand new impulsive wave! On the weekly chart, we can spot a beautiful rectangle consolidation, which is a strong continuation pattern. The price is above the 200 moving...
I studied this market structure for several hours, and my conclusion is that there is no valid Elliott Wave bullish count. Simply, a valid Elliott Wave count does not exist. Is this a problem? From the Elliott Wave perspective, there are 2 possible options: 1) If we want to stay bullish, we have to accept the fact that a third impulsive wave can sometimes...
Bitcoin is still struggling to do an impulse wave with a gap. The rising wedge is close to a breakout, but be aware of a possible fakeout first. On the daily/4h chart, we have a total of 9 waves, which is really great at this point, because this indicates a motive/impulsive structure. Generally, 5,9,13,17,21 are motive/impulsive structures. On the other hand,...
Is this will be the end of the EUR falling, or just Correction to continue to go down, Who knows ..... FX:EURUSD
FTT is a very reliable and strong altcoin that you can find on the crypto market, together with BNB. FTX exchange is growing really fast, and there is a lot of demand for the token. If you want reliable and stable gains, this is a great choice for the long term. We have a clear and very bullish structure (rectangle consolidation) and the bulls successfully...
MDX is forming a well respected descending channel on the daily/weekly chart and we are very close to a breakout! Regarding my Elliott Wave analysis, this massive impulse wave has been completed and that's why we can expect an ABC correction to the upside. Also we have a local rectangle consolidation, which is always very good to see at the end of the...
Ethereum is unfortunately losing steam, according to my technical analysis. On the daily chart, the price is printing a clear rising wedge pattern that is currently breaking down! Ethereum has already made a massive 105% gain in 51 days, so I think the wedge is likely to break down rather than up. As per my Elliott Wave analysis, which is my main...
Bitcoin is absolutely prepared for an explosive move, with a high probability of success. As you can see on the chart, we have just finished a corrective structure (ABCDE ascending triangle) as wave 2 and now we can expect a massive third impulse wave to the upside! Triangles usually have a 3-3-3-3-3 structure as per Elliott Wave rules, and this is a textbook...
BAT successfully completed an ABC correction from the last impulse wave and is potentially prepared for another massive impulse wave to the upside! The chart is printing a local inverse head and shoulders, bullish reversal pattern, and we are really close to a breakout. This can be a good breakout trade above the head and shoulders + trendline (channel). The...
2023 is going to be a very bullish year for crypto in my opinion! I believe we can reach a market cap of 6-7 trillion dollars by December 2023. Most likely, you have never seen this rising wedge elsewhere, because it's a brand new pattern on the weekly scale (LOG). 200 moving average is considered a strong support by huge institutions and hedge funds, and the...
OG looks very promising on the daily/weekly chart! As you can see, the main trendline (falling wedge) has been destroyed by the bulls, and currently the price is forming an inverse head and shoulders pattern. We can also spot a descending triangle from 2020–2022. The price went below the triangle, but immediately pumped back up, which is a pretty solid sign of...
This local correction should be over very soon, and we can continue higher in the uptrend! It's not an easy task to do an Elliott Wave analysis here, but this is how I see it. As per my Elliott Wave analysis, we are in the impulse wave 3 of the huge impulse wave 3. Currently, we are very close to the acceleration point, where we will see an increase in...
As an alternative to the ABC count bitcoin could also be in a combination wave from 69k which is evidenced by the price structure that appears as 3-3-3 in each wave. In this pattern, wave Y should not exceed the 1.618 of intermediate (W) which is around 11,000 or so. The main difference between the WXY and ABC counts is the maximum depth of the correction. ABC...