Elliot Waves analysis 4H & 1W: If counting is correct then it can be like what is shown on chart. Then the "1st SUPER WAVE" will be finished at $0.4 & goes through a great ABC correction directly down somewhere in between $0.03 - 0.08 matching 0.768 - 1 Fib. and we will set off for the "3rd SUPER WAVE" toward $0.73 & during the 5th SUPER WAVE it can touch...
Technically, Yes! Fundamentally: Based on a research by Oxford University in 2017 by Dr. Garrick Hileman & Michel Rauchs following information was provided: KEY HIGHLIGHTS OF THE STUDY: • The current number of unique active users of cryptocurrency wallets is estimated to be between 2.9 million and 5.8 million . • The lines between the different...
As per S&R Clusters for the time being TRX is trapped under a very strong Resistance Cluster in between $0.025 - 0.032 for about 189 days. As a result: 1st Target DOWN would be: $0.025 2nd on can be : in between $ 0.013 - 0.016 So, the ideal entry would be the second Support Cluster for the weeks to come. Also, Weekly RSI (2) shows negative divergence which is not...
Just have a look at RSI (14, 2), ATH, where it is right now, R&S. Not a financial advice.
Harmonic Patterns are denoting high & even higher targets though the future remains so uncertain. Long-term Targets: $4,295 & 9000 (at least). Short & Mid-term Targets: Corrections to $300 & 240 are possible. In the middle where there is Resistance Clusters negative bounces to previously conquered Resistances are possible. Take trading seriously easy :-)
Monthly Trend Reversal since 01 Mar 20. :-) Explanation is boring when you look at Monthly RSI (2). The nicest bowl ever has already been made. XRP Outperforms MANY Cryptos. Let's wait & see. Not a financial advice.
Some might say XRP is going to hell. That does not seem to be true. Reasons? 1. Technically - Weekly RSI (2) is representing Strength Accumulation since 16 Mar 20 to 04 Jan 21 (294 Days of accumulation) - Smart Money does not step in until cowards are expelled out. That is how ACCUMULATION works. 2. Fundamentally: - The company is not dependent only on XRP. They...
The Strategy works for any timeframe as follows: 1. 1st plunge of RSI (2) into the OVERBOUGHT area - lower than 10 2. 2nd plunge of RSI (2) into the OVERNOUGT area - lower than 10 3. 3rd plunge of RSI (2) into the OVERBOUGHT area - lower than 15 - 20 & higher than the 2 mentioned Here a BUY position can be opened. Looking at one LOWER & HIGHER timeframes & S/R...
Though everything is possible there are some points I would like to share with you guys. Some say BTC can crash back to $6K!!! $15K!! $17K! But, what for exactly one can say they are far from possibilities? 1. Fundamentals: 1.1. What about "BTC Mining Costs"?! 2.1. What about Market Cycles & Phases of : 2.1.1. Accumulation; 2.1.2. Distribution; (we are right...
An Actual Short Position: - Buy Position at: $35,336 - Sell Position at: $39,280 - GP: 11.97% - SL: 5.14% ($33,492) - R/R: 2.33 - Main Support: $34,228 if lost then SL will be considered. - Desired Interval: 10H (GMT +3:30 ST - 02:00 to 12:00) - Trading Time Frame: 15m - Checked: Major S/R by depicting 15m timeframe. - * Not a financial advice. Do your own friends.
Simplest Trading & Investment Strategy: Price & RSI (14)/RSI(2) Positive/Negative Convergence/Divergence Strategy. If 1st Peak on Price Chart was made at ATH $42K while RSI (14) at 89.59, then we need to wait whether this time when price is coming back up to previous peak, RSI (14) will make a lower or higher maximum or not? Fairly simple thing happens to...
Good time to save profits, but Doge will surprise you if you can hold it. Nice & sound for those who know well what is going to come next. I would like to say that is going to happen.
Chart is talking! I would say we are in a neutral-corrective situation. Most probably going back to retest $28-30K again. Then? Smart money still needs more correction. If in a daily timeframe we are experiencing 4th wave, then it would be $23-27K that I expect the 5th wave $47-50K. Let's see. Future bears uncertainty. Drop a like if you find it useful. Thanks...
1. Technicals (A Productive Approach): 1.1. The Degree of Growth increases "gradually". 1.2. Elliot Waves are considered Productively & not Reactively. Time & Price distortions are quite possible. Future is uncertain. 1.3. Best "Long-term Entry", now on, would be in between $17 - 24K. So, it is an estimation, or approximation. 1.4. Dubious, but highly probable: a...
I prefer to say that most probably we are looking at an Escalating Pattern right now. Yet, the depth of the market at the moment is not proving the ABCDE Triangle Pattern so far: Buy: $762,007 Sell: $869,129 Bears are more powerful. Looking at 2H SRSI is down there trying to rise! Also have a look at those red dotted lines representing 4 cycles based on 4H RSI...
Simply if this downward trend breaks up, it would be wise to consider more longer positions for Mid-term traders (1-3 Months). Otherwise, BTC will either go lower or consolidates. Others if they are fundamentally healthy will grow just like Polkadot & Binance. Frequent trading depends on how knowledgeable a trader is & trading commissions too. Wish you all the best.
I have already made up some charts & calculations. Based on the past performance BTC first grew some +120X, then 19.3X???!!!, next +130X & now it has been not more than +14X! Right? What happened exactly during the 2nd cycles? Why there has to be such gap between BTC's performance? Only Supply & Demand can determine the Futures of BTC. Let's keep on wit a few...
Four Bases are being made & nice divergence is seen between the price chart & RSI (2). It is simple but really useful. I have had more than 10,000 forecasts on Pocket Option on my demo account and the two abovementioned worked really well. What is coming next? A Persian proverb: "When a Problem is solved, it Would be easy!"" :-) OK! I prefer to wait for the chart...