BTC is preparing for a retest of the 50k resistance. BTC is starting to look slightly bullish short term, with the daily, 12h stoch rsi oversold. However, the 4h haven't touched the oversold area yet, and the hourly is failing to give a strong reversal sign. The price is slowly painting an hourly descending wedge with the MA of the BB acting as a resistance. In...
The last 2 days have been scary for some of you, with the king dipping strong and changing our plans. As you all know, I had stated many times in my charts that BTC would reach at least 53 - 55k to retrace then. However, I didn't expect a flash crash due to overleveraged positions. Nevertheless, I exit at 47500 (some of the profit), and I am now looking for a...
The market is weakening and running out of steam. These are my opinions on where we are heading. The first part of the video analyses the market structure and the macro BTC outlook, the second and final part of the video discuss the short term movement I expect from BTC. Let me know what are your thoughts and what do you expect from BTC? What is your next target price?
If you are not in this baby...madness. In few days cardano is going to explode and reach 4.1 at least. it has succesfully break out the ATH and has held amazingly well above it. Now the 50 VWMA is approaching the prize to create support and also extreme volatility. ADA also painted a pennant which is slowly reaching an end. The target was taken by measuring the...
Elliott wave theory was invented in 1930 by Ralph Nelson Elliott. He studied for several years the market and the psychology behind the markets. He concluded that markets are deeply linked to herd psychology, and since every person has similar emotions, the markets also move in predictable waves. After applying his theory to many markets, he documented the...
GBP is weak short term. After a good short rally, it has formed a bearish ascending wedge that has been already violated. Now the 4h Stoch RSI is bearish and the hourly as well. The close of today's candle is critical as GBP bulls are now fighting with the resistance posed by the 50MA, which has already acted as a resistance in the previous bounce. It is important...
For those of you, lover of commodities is time to wake up. I haven't seen such a beautiful set-up for quite a while. A cup and handle is ready to explode...believe it or not, I predicted this in march 2020. You can check my old charts. CUP n HANDLE is a powerful continuation pattern. The inflation skyrocketing due to covid makes a good case to believe that we will...
XRP looks nice and rested. The stoch RSI is oversold in the 4h, bullish on the daily. Also it has just broke a symmetrical triangle pattern, holding well above. It may retest one more time the 1.2, however i believe the 50 ma will provide great support around 1.22. XRP target is 1.55 with a possibility of a stretch to 1.70. That is a good 37% gain. Obviously...
Is the DOGE ready to move? Not much to explain here. It seems the doge is trying to create an HnS inside of a falling wedge. This would be a great breakout of the price pattern with another strong price pattern. However, the right shoulder is not yet complete. I will update you when the prize will touch the neckline. The target would be 0.333. Let me know your thoughts
UNI is prime for a move up, 4 h and daily timeframe starting to look oversold. Local HnS formed. Waiting for the breakout of the HnS and the descending wedge. The most interesting part of UNI price action is the volume of the last few bars. The volume was extremely high which suggest sellers are locally exhausted, they tried to push the prices lower without...
Are you ready for ETH? 3,2,1... Not much to explain here. Volume expanding close to the resistance. 3800 next stop. It has been ranging in a rectangle for a month-ish, I was waiting for this. Watch the altcoins guys as we are going to have some good movers. Remember to look at BTC, as it can drag things down so be careful, use stop losses. FOLLOW ME, SHARE, LIKE...
ADA has pushed hard in the last month, and it is now looking feeble. It is now breaking out from a channel to retest the new ATH resistance. I expect ADA to break out to reach 3.07, a new ATH, before retracing a little and then push to 3.4 short terms. However, the underline structure starts weakening with a bearish divergence between price and volume, which is a...
Good day for BTC. For those of you that followed my live stream yesterday, you already know that I believe will most likely reach 54-55 k short term, to then retrace to 42k. Now yesterday I concluded the stream by saying that I believed BTC would revisit the 50500 resistance and possibly touch the 50800 - 51000 very soon. That is what happens today. In the chart...
I will go over the Bitcoin current structure and my personal analysis with my opinion regarding future price actions. It will mainly be based on Technical Analysis.
A great opportunity here with ORN. It has been quiet for a while with people profit-taking. Volume shrinking while traders are taking profit with now approaching the resistance. This is a classic bullish flag so be ready for a great move ahead. My final target is 16.4. Not only that but it is also concluding an HnS bottom reversal 3 months long with also the VWMA...
This is a follow up to my previous chart analysing the 4h timeframe. GBP is now in an ascending wedge after gaining momentum with the 2 bullish engulfing highlighted on the chart. These have also contributed to painting a very good bullish engulfing on the Daily frame, suggesting higher prices in the medium term. I expect GBP to approach the resistance line of...
GBP has been in an intermediate downtrend for 5 months. You all know I am a strong believer in Elliott Wave theory. GBP has now painted and almost concluded a flat formation. This is the corrective wave after the 3rd impulsive wave we have witnessed until march 2020. You can appreciate all of these by following my guidelines in the chart. I am now expecting GBP to...
Here we go, guys. This baby is boiling up. DOT has broken resistance with great volume and has now been successfully retested. It is a great buy opportunity with 36 as a target. How BTC will behave in the next week or so will dictate how fast DOT will reach its final short-term target of 50 dollars. A 3-month HnS has been complete. However, DOT now has to hold...