In a downtrend, a trade might be entered at the trendline and exited at the channel line. A lower low below a descending channel can signal continuation. A higher high above the low of an ascending channel can signal trend change. As I am optimistic, I know the price will break up. You can also perform a pullback by returning to the channel and then shooting at...
All is in the chart Thanks
The different lines of the chart are: BTC/USD BTC/CNY BTC/YEN BTC/WON BTC/EUR BTC/USD INDEX (AREA) BTC FUTURES In my opinion and how I did it in the previous chart, this intense increase, demand an imminent correction when reaching the values of USD 2,200 / 2,300 or in a second scenario USD 2,500 / 2,600 to make a sharp decrease to 1,900 / 1,800 Attached below is...
After a rise of this magnitude, the market forces a correction in a possible pullback to the values between USD 2,2K 2,3K to be between USD 1,6 K 1,8K. The calculation is according after forming the cup & handle pattern. Thank you for your time, likes and followers.
After reaching the target and surpassing it with great force, NEM / XEM is demonstrating its power and protagonism. I even encourage to say that it will be one of the main cryptos this year. Of a healthy, gradual and progressive behavior, it is an ideal long-term investment. It is very probable that with the fall of the BTC (orange line) successfully exited the...
After seeing so many patterns, charts, own mistakes in the counts, the only thing I really realized is that the whole life of the BTC formed a Cup & Handle pattern, perfect.Seldom seen. In the middle of consolidation, we now turn to C (corrective wave) and last within the handle. And this is where almost all traders have the doubt about the time and value that...
Nothing is more difficult than to make a good count inside a handle and try to identify the waves correctly (especially with a BTC like the one we have lately), so I went to my old Elliot teacher. The B wave was formed a few days ago and now we are on our way to C. All within the consolidation phase. The BTC is on its way to retesting the 780/700 range (-25%)...
This is a zoom of the handle and its possible and total consolidation phase before the breakout. At this point we are on the way to forming B. Once formed, the trend will become bearish to reach the corrective wave C. If we have the knowledge or the luck of knowing that is definitely and finally marked the C, there will be a change of trend and will be the ideal...
By forming an ascending triangle pattern and through the Elliott's waves and retracements levels within it, if it breaks now it is very likely that it will fall on being overbought and not be a good deal. If you perform a retraction to the E wave, prepare for a breakout of magnitude. Thanks for likes and follow! Nice trading
This is a zoom of the handle forming, after the 1/3 retracement for the (A) corrective wave ended, and now ahead of schedule this is the uptrend (according to my point of view) to form B (impulsive wave) and their possible targets in fib levels. I attach below the central chart
Being one of the top 10 currencies in the market cap ranking, NEM /XEM: slow, gradual and progressive is showing a bullish trend, rising 70% in 6 days.From 2862 to 4795 Now after forming a double top pattern is very likely to perform a retracement, ideal to become super long in this crypto that did not show even a small part of its power. A TAKE INTO ACCOUNT THAT...
This is a zoom of the handle of the pattern in formation after finishing the cup. Possibly we enter inside a channel by the approach of the Bollingers and then form the wave B (impulsive) with those possible targets. We continue in the fourth and final phase (consolidation) to then correct B with the formation of C (2) and finally break up the resistance level of...
The pattern of the cup is already formed, completing the first three phases. Currently the BTC is in the last (the consolidation/4th phase) always in the forming part of the handle to conclude with the corrective waves B + C and then the possible and most likely breakout of the resistance formed by the cup. In addition to being in a moment of pure consolidation,...
I described everything on the chart and NOW is the momentum (BTC signal are broken) Thank you all for the likes and followers!
A cup and handle pattern and his target around CNY 10K : USD 1.440,00 LONG
To all, excuse me. I was a few days analyzing the waves and I made a mistake in marking the 5th wave, when in fact it is the 3rd. and still bullish. This gives us much more room for a growing BTC. Again apologies and now I will expand to make it clear where we are located.