Hello friends, Expanding triangles seem to only work after the move has taken place! Many analysts find it difficult to identify expanding triangle accurately. Expanding triangle means that: wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Rules: Wave 2: Wave 2 = 78% of Wave 1 Wave 3: Target of wave 3 is...
Hello friends, Corrective waves are a set of price movements normally associated with the Elliott Wave Theory. In this Idea, three types of Zig zag correction, Flat correction(s Regular Flat, Running Flat and Expanded Flat) and Triangle correction have been identified. *(Wave B= Wave A)
Hello friends, There are those who think that a price goes straight up, but you have seen it never goes straight. They think a correction is like letting $1000 fall through a hole every single day. The money is made in investments by investing for long periods of time. If you are a shitcoin trader go back where you belong! Technical Analysis Section: Bitcoin...
Elliott Wave pattern: Wave 1: Wave 1 must be an Impulse or a Leading Diagonal . Wave 2: Wave 2 must retrace Wave 1 by a minimum of 20%. Wave 3 Wave 3 cannot be less than 1/3 of Wave 1 by price. Wave 4 Wave 2 and 4 cannot overlap Wave 5: Wave 5 must move by price more than 70% of Wave 4. Stop loss= $ 48000 Bull Market or Bearish Market? Appendix:
Hello friends, While the price is above 44k, resumption of the uptrend is expected. See attached Idea (Technical Analysis Section).
Hello friends, What happens when prices are falling fast and investors can't set stop-loss orders? What happens when you type "I'm a student and put my entire life savings into crypto but l ..." into your browser (google c o m) and press enter? Market Saturation (Selling out of balance). Now, you are a bear (by nature!) Technical analysis and Fundamental...
Hello friends, As you know, I always explain inside a Graphical idea . Watch the levels I have identified for the best trade set ups.
Hello friends, A Possible scenario is shown in the chart. As you see, this pattern is a Bull flag. There are a few indicators that can be used. look for high volume at the breakout. Also, you can confirm your entry with a closing price above the red line.
Hello friends, Let's see if this plays out. see attached Idea (Technical Analysis Section).
Hello friends, What do you think of when you hear the phrase “Past makes future "? My way: Retracement mapping: any prescribed way of assigning to each domain in one set (initial domain), in another set (future domain) In other word, retracement mapping (Geometric mapping or map-to- map transformation) is a method to perform some operations on a retracement...
Hello friends, A Possible scenario is shown in the chart. As you know, this pattern is a Pennant (See attached Idea). It's taken me a little time to discover whether the pattern is a real pattern or a disguise, Now I know it's true. ETC (4h)-Technical section: RSI *** 53.73 DMI is Neutral Oscillators: Moving Average Convergence / Divergence ***...
Hello friends: It's the result of my efforts to offer a simple (using Graphical idea) presentation. Concepts, I know you know ;) Bullish: When demand is greater than supply, the price goes up sideways: When demand is equal to supply, the price goes sideways Bearish: When supply is greater than demand, the price goes up down Chaikin Money Flow (CMF) The...
Hello friend, What do you think of when you hear the phrase "Bitcoin Whales"? Who Are Bitcoin Whales? 1- Institutions: money centre banks, hedge funds, Grayscale, Tesla ... 2- Exchanges: (6.7% of Bitcoin in circulation was held on exchange wallets), 3- Individuals: Elon Musk (also a Dogecoin Whale),.. 4- Satoshi Nakamoto: first 1.8 million or so BTC first...
Hello friends: Fear-based news programming has two aims: Type A: the first is to grab the viewer's attention. Type B: the second aim is to persuade the viewer that the solution for reducing the identified fear will be in the news story. *** 1- Elon Musk says dogecoin is better to buy things with than bitcoin www.cnbc.com Aim: type b, buy Doge...
Hello friends, If you are interested in technical analysis, take a good look what comes down here. :) Forecasting bitcoin trends using trend lines: Descending trend: Pertaining to chart, the descending trend line (red line) forms its initial point at the 10 Nov 2021. The second resistance point forms at the 15 Nov, and the third at 1 Dec. Wrong Turn: ...
Hello friends, what happened? A group of exchanges entered an order (simultaneously) to sell (12.273 Million BTC) $613 billion worth of bitcoin. why? because: $1.3 billion in long positions liquidated on this dump from $51k to to $42k. BTC (-12%) Market Cap = $898,615,615,675 ETH (-7%) Market Cap = $467,560,566,410 (52% BTC) If ETH rises...