mohemati

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Bearish divergence in the 4H timeframe, as well as price failing to create a new high, shows potential weakness in the uptrend. Furthermore, from an Elliott wave perspective, it seems like we are at wave 5 of 5, with a high potential for a bearish move from here. In the 1H timeframe, we can see that the price managed to break below the previous higher low,...

mohemati

As can be seen in the chart, we have bearish divergence in the 4H and daily timeframes, suggesting that the price might have reached the end of its bullish move. Furthermore, in the 1H timeframe, the price has managed to shift market structure towards bearish by breaking below the previous higher low. Now, the price seems to be completing a pullback to the broken...

mohemati Updated 

In BTC, we are either in wave 5 of iv, which could mark the end of the rally that started on July 5th, leading to an abc corrective move as indicated by the dotted line. Alternatively, we could be in wave 5 of iii. In this scenario, we might see a bearish corrective move followed by wave iv, which would then complete the rally. In either case, it appears that we...

mohemati

As seen in the chart, there is a strong resemblance between the textbook cup and handle chart pattern formation and the pattern we are observing in the 4H timeframe gold chart. As a result, there is a possibility that after the current bearish corrective move finishes, we might witness another rally to the upside. The only drawback to the chart pattern formation...

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Price seems like completed 3rd wave of lower time frame bullish impulse move and as a result we could expect an abc bearish corrective move. to set stage for another bullish leg to complete fifth wave. Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.

mohemati

As can be seen, the price appears to be completing a 5th wave of 5, indicating the end of a bullish impulsive move that reached the upper channel line. Now, we could expect a bearish move in the form of an ABC correction or a reversal. To open a position, we should wait for a bullish corrective move, which could be either wave B or 2, and then try to catch wave C...

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As can be seen, the price appears to be completing the first and second waves of wave 5. If we see a bullish breakout of our buy setup, we can assume that the 3rd wave is on its way. As a result, after that, any bearish retracement is a buying opportunity. This analysis is triggered once the price breaks above the previous high. Let me know if you would like me...

mohemati Updated 

As can be seen, the price appears to be completing a triangle pattern, which could be interpreted as wave 2 or wave b. Either way, we could expect another rally to complete wave 3 or c. This analysis is triggered once the price breaks above the previous high, and any bearish retracement could be a buying opportunity. Let me know if you would like me to publish...

mohemati

We are probably dealing with an accumulation phase in the CAD/CHF chart. The appearance of an inverse head and shoulders pattern in this phase would likely increase the probability of a long-term bullish move in this pair. Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.

mohemati

Price seems like is forming a triangle pattern which could either be a wave b or wave 4. As a result in case of price breaish breakout of triangle we could assume we have a wave c in progress which we could take advantage of. And in terms of upside breakout then the fifth wave of higher degree is in progress. If you’ve found this analysis helpful, please take...

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Price seems to be completing the fifth wave of an ABC bullish corrective move, after which it is likely to move lower to complete its third wave in a higher degree. The conjunction of the two bullish channels is an optimal price level to sell. For those who are more risk-averse, they could wait for a bearish breakout of the short-term bullish channel. If...

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It seems like the price has formed a 5-wave bullish impulsive move and could now begin its bearish move. For the bearish move to be confirmed, we need to see the price breaking below the bullish channel line and also closing below the VWAP. Bearish confirmations: Bearish divergence in the 4H timeframe. Completion of the 5-wave bullish impulsive move. Momentum...

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A short position would be considered if the price fails to break above the bearish trendline. A long position would be initiated if the price could break above the bearish trendline and change the structure towards bullish. The trading scenario with the line arrow has a higher possibility of occurring. Confirmations for the shorting scenario: Price below...

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Price seems to have finished a 5-wave bullish impulsive move and is now getting ready for a bearish correction. Price failing to create a new high while making a new low is our signal that the bearish move has started. Bearish confirmations: Bearish divergence in the 1H time frame. 4H RSX at the oversold (OS) area. Momentum oscillator showing bearish...

mohemati

A short position would be considered if the price could break below the rising wedge pattern. A long position would be initiated if the price could break above the rising wedge pattern and closes above a VWAPs. The trading scenario with the line arrow has a higher possibility of occurring. Confirmations for the shorting scenario: Price below important...

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A long position would be initiated if the price could break the falling wedge pattern to the upside. A short position would be considered if the price fails to break above the bearish channel's lower boundary and creates a lower low. The trading scenario with the line arrow has a higher possibility of occurring. Confirmations for the buying scenario: ...

mohemati

As you can see in the chart, it seems like the price has completed the 3rd wave of wave 3 and is now getting ready for a bearish corrective move to form wave 4 of wave 3. During this bearish correction, we could expect the price to retrace all the way towards the static support zone. However, based on the three basic rules of Elliott Wave theory, wave 4 cannot...

mohemati

Have you noticed this c ycle analysis in #Bitcoin (#BTC), where price tends to create a major bottom on average every 105 days? If this #cycle_analysis is going to materialize again, then we could anticipate another #bullish move in about 15 days. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.