I'm gonna Just Simply Show you what the big picture is on Bitcoin Market.
As you can see BTC rallied from 3000 to around 14000 in a parabolic move.
then it made a double top and is currently trading around below 10000$.
Now as you can see on the chart we have 3 supports and 1 resistance.
the 8500-8800 range in our main daily support that we can expect...
As you've seen in our previous Analysis, TRX broke thru all the support levels and now is close to it's main support region.
It completed the 5 waves structure to the downside and now is on the corrective mode.
It should consolidate for some time to find it's base and get accumulated by whales.
I'll probably buy at support zone if market looks good.
so watch for...
Bitcoin did it's move and broke high above 6k Resistance.
But now it's moving too much too fast and what will happen when a rocket uses all of it's fuel ?
That's right it shuts down and drops like a bomb.
We have 10k resistance on the way so if we reach there we'll most probably fall down.
So take your profits on btc or wait for alts reversal signal.
Ethereum had some correction going on after a huge drop from 200lvl to around 80lvl.
For now we're bullish as it's trying to test 200$ as a strong resistance with a lot of supply.
Time will tell how will it play out from there but most probably it's getting closer to the reversal.
so let's see how this Rising wedge gonna play out.
in another Idea with Ichimoku...
Ok Bitcoin is now on at a critical stage.
Following to my previous Bitcoin Idea We dropped from that Strong Resistance Zone.
Bitcoin gained more dominance and rekted Alts, As you can see on the chart I have 2 scenarios and the main point of both is 5350.
If we break above 5350 we can continue to move up, but if we get rejected from there btc can drop to 4800 as...
Binance Coin is a great project and has been doing extremely fine from the start and it can grew exponentially and it can grow more in the coming years.
But as you know markets move in cycles and for BNB to continue growing it need to correct it's price after having a huge move up.
I thing it's nearing a reversal zone so it can start it's Corrective Wave...
TRX has been bearish for a quiet long time.
Now it's @ Golden Ratio and it's strong support.
If it can hold it here and get back above 533sats it gets bullish.
But if it breaks 488sats it can drop at least to 450 or even 300s level.
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As you can see on the chart, we had complete impulse wave for the last 4 months and it's time for it to have some sort of correction.
If LTC can maintain a support here and move back to 0.016BTC we can continue the move up to R1 else if it drops below 0.015 it can trend down to S1 and S2.
so be careful with your trades and have stoplosses if you wanna buy here or...
Btc rejected from 5460 and dropped ~9% as I had described in my last post.
Momentum is getting more bearish, it can continue to move down to lower supports @ 4600-4800 that has more liquidity waiting for it
or even lower so that 4's wave ends and we can have our last impulse wave up.
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As you can see, the third wave up is about to end and soon we can see a move down to supports at 4850, 4610 and finally we 4406.
any move below 4200 invalidates the counts and we can see lower levels and even reach new lows.