| REASON | Bitcoin currently playing in Falling Wedge Pattern which is a Bullish Reversal pattern meaning Market will be expected to PUSH UP. If market breaks out of the wedge upside then that bullish expectation will be high EXPECTATIONS If BTC breaks above 41000 then i will expect a retest to the wedge and continue upside If BTC breaks below 39234...
On 1H TF Loopring ( BINANCE:LRCUSDT has been retracing after surged to 1.36 Right now, LRC is trading around 0.89 with the invalidation level below 0.835 We have a huge potential to take profit up to 105% at this price because of a golden ratio 1.382 Fib of wave 3 at 1.8 Wait and see
This post is just a personal idea and analysis should not be the criterion for buying or selling It seems to be in the g-wave and based on confirmation from other currency pairs such as eurusd, which has a negative correlation with this currency pair and the euro is bullish, this currency pair will probably fall to the specified range in the long run. It may form...
ETH is forming bear flag pattern with a downside target of $3000 in short term. It is going to retest the symmetrical triangle from which it broke out. I am expecting a 10% bounce at 3000 level (FIB 50%) upto 3300 then further decline till 2750 level. More downside possibility ahead but those will be updated as chart pattern unfolds. Peace!!
If BTC had to follow break out of triangle pattern, then the retest bounce on 1st of April would have soared high. Now it is getting invalidated (in confluence with RSI) and the support became resistance again. As stated in my previous TA on weekly time frame, Rising wedge or potential bear flag is forming. Link is provided below for your reference. Peace !!
Let’s discuss the price chart of the EURGBP currency pair based on the 480 minute timeframe. From the Elliott Wave perspective, the price action has recently completed an ending diagonal triangle formation. The price is trading within Wave 3 (circle). The most recent retracement is approaching a 78% Fibonnaci level. From the Hurst Cycles perspective, the...
Bearish crossover of 20 & 50 WMA happened already. Historical crossovers show 54% decline from the week of crossover. Big volume dump at second instance is due to pandemic. I don't think 54% dump possible this time. Logically BTC is twice as volatile as Nasdaq and if it corrects 17-18%, then BTC can correct almost 35% to 30,000 level approx.
Hello traders and investors! Let’s see how NVDA is doing today! First, in the 1h chart, NVDA is still in a clear bull trend, and there’s not a single bearish structure around. In this case, all we can do is assume it’ll keep pushing up, until it hits the next resistance level, which we’ll talk about soon. However, the most important key point on NVDA is the...
AUD/USD fell sharply on Monday, following the RBA decision, breaking below the upside support line drawn from the low of September 29th and stopping at 200-EMA. This has discarded the bullish case, but it has yet to confirm a bearish reversal signal. Therefore, the traders probably will stay sidelined for now. According to the experts, a bearish reversal...
as I said before From Sunday to the end of the week, the ascent process to reach the peak of 72,000 begins And whale traps are on the way We may climb up to 78,000 This is the best time to make a profit And get out of the market and be an observer Since it is 60 days , the market is red and after this climb, we will be accompanied by an unprecedented fall...
To the Moon, called by Elon Musk
As I said before, , to the weekend, we will have an upward trend to Channel 72 As a result of the money triangle where the left wing of the bat is in the $ 8000 channel and the right wing is stretched to the 72/000 channel, the weight of the left wing will cause fatigue of the right wing and thus fall to the $ 8000 channel. will be The fall to Channel ...
Dropped to the H1 time frame for a more detailed picture of what price is doing. Currently forming lower highs and creating a flag pattern. Once price does not cross above the Daily resistance zone we can start looking for reversal patterns on the lower time frames for a sell entry.
Weekly - We notice a major exhaustion which mean the market is ready for the downside Daily - Major Support ans Resistance is set with the market testing the Major Resistance and also made its High after the huge exhaustion with a bearish candle 4HR - The market created a major Resistance which is a Double Top, but on 1Hr we see it test that resistance 3...
as EURCHF chart shows it is trading in down side channel. it may trade for while in upper part of channel one can trade for long if sustain in upper channel with channel mid line as support if mid price break mid line of channel EURCHF will trade in channel for while. f it break channel towards upside we may see price will move towards 1.0800.
Hello Everyone! Hope you are liking our analysis so far. Today DMA's are giving bullish signs again, as DMA 50 has crossed DMA 200 upwards in the charts. And is giving a strong signal of bitcoin being bullish. As we have earlier said that " HISTORY REPEATS ITSELF " ,So here we can see that on 25th Oct 2015 it was the first instance when DMA 50 crossed DMA 200...
After we ride the impulse move to the down side and made 200+ pips profits. now its time to ride the correction move to the upside. currently price creating a inverse head and shoulder that give us a chance to go long. look for the rejection around S/R zone on the highlighted area before placing any long...