DaxxDelucchi

DaxxDelucchi

I'm watching very carefully and pretty much have nothing to say at this point other than to not fight the FED. GL😂

DaxxDelucchi

Take a look at Ethereum's chart. It looks like the day of the Fed meeting, the day it could turn bearish and break a big support. Interesting nonetheless.

DaxxDelucchi

Weak bounce on a bullish channel within a deep correction. This makes me think this could go down with short-term relief.

DaxxDelucchi

Take a look at Fibonacci Retracement and Fibonacci Speed Extension Indicators. After a leg or an impulsive wave, price and volume usually slows down and begins to weigh the other direction, unless we are in a bull market (in that case, it would be opposite as bearish impulsive waves / legs would begin to be pulled back up). We should see corrective PA over the...

DaxxDelucchi

Could see an inverse heads and shoulders with this big volumetric resistance zone. Mapped out some clear Fibonacci extension targets. The short trade on the graph is set at around -2% SL while the trade could net you up to 30%. Pretty good risk. NOT FINANCIAL ADVICE...

DaxxDelucchi

Here are some short term bullish targets I have on Bitcoin. Happy Trading!

DaxxDelucchi

Check this out... There are larger bearish corrections than bullish corrections, therefore 5 bullish rallies are almost cancelled out by two bearish rallies. Also check the Fib, the .786, and notice that we are resting upon it. If we break down, we are super bearish. Check my other posts for targets.

DaxxDelucchi

SPX and BTC are correlated, and the SPX could reach 3300 while BTC hovers around 14.8-12.2k according to some Fibonacci retracement and long-term supports I have drawn on BTC. Happy Trading.

DaxxDelucchi

100% Possibility Range on BTC/USD IMO... We'll see.

DaxxDelucchi

This is my idea of a bearish market future. I've also outlined some targets.

DaxxDelucchi

These are some long-term bear targets to take into account...

DaxxDelucchi

This chart is scary... The Covid-19 black swan event worked against us on the macro trend and we are heavily overbought on the yearly, but that wasn't enough for me. I linked the inflation rate's 200EMA (and viewed the average's price direction) and support lines on the SPX and found something quite scary for long-term investors. This is the first time in 40...

DaxxDelucchi

Volume Profile: Squeezing and Enclosing Volume at Blue Levels Volume 24hr: Losing and Decreasing Volume at Level which Indicates a New Move PA (Higher Lows): Signals Market Wanting to Retest Highs and Rally Above PA (Failed Selloff): Signals Market Wanting to Retest Highs and Rally Above PA (Similar Lows, Higher Highs): Market Accumulation at Lower Levels but...

DaxxDelucchi

Hello fellow traders. I have a few things that I want to discuss as of today that I am having mixed feelings about. The cryptocurrency market as of right now is in a weird spot, being well correlated to stocks while wanting to take its own approach with our inflation rate and market fud. When the Covid crash occurred, many sources of investments in stocks and...

DaxxDelucchi

Seen--- This is a trend based off of the 2008 crash... Makes the 2020 crash look like a minor correction... nuts...

DaxxDelucchi

Hello! I just wanted to share with you guys my thoughts on the bitcoin chart and the market as a whole. As of this post, bitcoin has bounced off of a major trendline at 35,200$ and been consolidating at around 36,000$ for around 24 hours. Bitcoin is waiting for a move and the price is being squeezed as I write. The market is waiting for bitcoin to make a move...

DaxxDelucchi

Bitcoin has been on an uptrend for 11 years, showcasing 5 separate Elliot Waves going along with it's parabolic and volatile movement. As of 2/13/22 we are in wave 5 for BTC, and the only ways for BTC now is the moon, or hell. For the past year, BTC has been in an upward channel ranging between multiple fibs and about 2x price movement. We've moved sideways. DCA...