Avanstee

Avanstee Updated 

Looking at the daily timeframe, I see one big push left before the market needs to take a longer step back. I am looking for another -10% and confirmed rebound at the upward trendline, similar to the movement in Sept 2021. I am setting targets for entry around 3300 Euro and will be taking profits around 5000 Euro.

Avanstee

Falling wedge continuing to form on BTCUSD. Price maintaining upward channel. Keep an eye for the 52k support. Last 2 bull runs reached 70% (or 2.272 Fib). Extending from 52k 2.272 Fib results in 89k. This estimate is invalidated if price continues to drop below 52k. Let me know your thoughts in the comments and like if you appreciate this analysis.

Avanstee

After break out of the triangle we have seen a perfect Elliot wave pattern up. Now, we are in the Final stages of another perfect Elliot ABC correction. Looking forward to the next waves up. Target 3,8 - 4 Euro.

Avanstee

Looking at the 4 hr timeframe for MATIC, we can see a nice cup and handle forming. Price is in the upper haf of the bollinger bands with RSI hovering the 50% mark. I am looking for the price to find support on the middle of the bollinger band which coincides with the intraday resistance of Eur 1,70 (USD 1.95). If so, I expect that price will move up to around...

Avanstee

Potential handle forming for Solana BINANCE:SOLEUR BINANCE:SOLUSD for continuation of bull trend. Potential profit 30% if price breaks above handle downtrend. Let's hear you thoughts in the comments. And like if you appreciate the post.

Avanstee

Looking at a follow up on a previously posted idea, we can seen multiple confirmations on Bitcoin consolidating. Based on analyses of historical cycles, we are now looking for a significant spike in selling pressure to indicate the bottom is in. Looking at history, the main criteria I would still be looking for to enter long term buys: - min of 2 uptrend...

Avanstee

Bitcoin is at a critical point. It is currently still ollowing my previous analysis with an expected reversal and initial retracement towards $30k. It is possible that Bitcoin continues to go up, but we need very strong sentiment to do so. A powerfull break of the strong $51k resistance is required for that. At the moment, I am bearish on Bitcoin. Let me know...

Avanstee

Looking at the 4 hr chart for MATICEUR, we can observe divergence between price and RSI. Based on recent support, I expect price to drop to around 1,05. If that support breaks, we could see a drop to 0,85 or even 0,55.

Avanstee

Probably this is not the kind of news a lot of people are waiting for, however I strongly believe we have not yet seen the bottom on BTC . Looking at the daily trend and comparing previous cycles to the current developments, I observe the following: So far, we have seen the 50day EMA surpass the 200day EMA only once on the downtrend. Historical cycles have...

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Reviewing the 2017/2018 cycle, BTC price consolidated in a descending triangle for several months after reaching the ATH. During this period, the MFI was in a descending trend. The MFI declined until +/- 2.6 before higher lows. A similar patter can be for the 2019 cycle but not highlighted in the chart to avoid confusion. Looking at the current developments,...

Avanstee Updated 

Capturing the major bull runs from 2017, 2019 and 2021 in one overview. Comparing these cycles, the bearish phase consistently shows two major support zones. After confirmed death cross in previous cycles, the price broke the 1st support and found support at the lower support. When translating to the current price action, there is an important support at 24k...

Avanstee Updated 

On the 1 hr chart, DOGEEUR could be in Wyckoff accumulation phase. I am waiting for confirmations on the movements. If confirmed, I am expecting a retest of the 0,2 euro mark before a entering a new uptrend. Let me know your thoughts in the comments.