Technical analysis This is my bitcoin Elliott Wave technical analysis. Currently, Bitcoin is very bullish, but the market always moves in waves, so we can expect some pullback on the way to the new all-time high. My Elliott Wave primary count suggests that we are currently in wave (3), and soon we should start a corrective ABC pattern back to 45,600 or to the...
Technical analysis Ethereum is very bullish, the price went above the trading range, which is a strong sign of strength. We want to wait for a retest of the trading range, do not FOMO in. Make sure your entry price is good! We can see that the ABC correction has been completed and we have already started a new impulse wave. This is my quick update on ETH. Let...
Entering hoping the reaction from the measured move will allow me to move my stop to breakeven. Also anticipating the stops behind the previous low will serve as a liquidity boost to move the price upwards. The risk to reward is just illustrative.
Technical analysis Bitcoin proved in the last few days its bullishness and is ready to hit an all-time high in a few months! On the chart, you can see an ascending parallel channel that has already been retested, so there is no reason to go down. From the Elliott Wave perspective, we can see that the major wave (3) is in progress. The trend is starting to be...
IBKR Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Pitchfork, Confluence, Clusters, Trend Lines, ABCD Pattern, Fibonacci Extensions - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for...
- the market expects USD to weaken over the next months due to potential rate cuts this year - from technical standpoint USDJPY is at very important resistance, created by gigantic 1:1 formation which started in Oct 2011 (yes 2011), then was respected by the market in Oct 2022 and Feb 2023. - Now the FE 100% is just being retested. If it is respected, the price...
As evident from the daily timeframe of WTI oil, the unit has been trending lower since topping at $94.99 in late September 2023, shaped by a series of lower lows and lower highs. What’s technically interesting right now is the possibility of an AB=CD pattern taking form at $77.80 (denoted by a 100% projection ratio) if price engulfs the $76.14 peak established in...
Bitcoin is forming a symmetrical pattern (triangle), and the range is tightening. We can expect massive volatility, probably very soon, but are we going to break down or break up? I am bearish, so in case of a bullish breakout, I am not buying it because it will probably be a fakeout. It is possible that the whales will push the price temporarily higher, but at...
Technical analysis: GTAI looks very strong on the chart. Since listing on major exchanges, the price is making higher highs and higher lows, which is by definition a valid uptrend. The price has been moving in an ascending parallel channel, and currently the price is at the support of the upward trend line, providing us with a great buying opportunity! I believe...
Pendle is one of the stronger coins currently on the crypto market. We can see that we have had a pretty long consolidation where whales were accumulating coins. Of course they want to make money, so they sent the coin to the upside. We can see that the uptrend is starting to be parabolic, which is very good because you can make a lot of money in a short period of...
Amid a rally in US Treasury yields and a broad-based USD bid, spot gold (XAU/USD) is getting hammered lower today! Down -1.1%, the precious metal is now on the doorstep of shaking hands with the widely watched 2,000 level. While this psychological barrier will house buying interest, a whipsaw (or stop run) of this level could be on the table if challenged,...
COINBASE:BTCUSD BINANCE:BTCUSDT CME:BTC1! COINBASE:ETHUSD BINANCE:ETHUSDT.P
Bitcoin is starting a major downtrend. We have a bearish flag that is ready for a breakdown. Bullish flags are probably the most powerful patterns, and after a breakdown, a massive dump follows, especially on Bitcoin. Bitcoin got rejected from the Fair Value GAP on the daily chart. These gaps are always a strong support or resistance, so pay attention to them....
EURNZD in Wyckoff Method, we can confirm that price is in verge of big bullish move of 400 pips at least. If you look through the chart carefully, we have given reason for each move that EURNZD made in last few weeks. This idea has highest possibility of the trade. Though we need to take sell side liquidity into the consideration if price decide to push down to...
end of CD should be somewhere around 103, or around 108
Hi dear friends, hope you are well and welcome to the new update on Pepe Token with US Dollar pair. Previously we caught almost 30% pump of PEPE as below: Now on a daily time frame, PEPE has formed a bullish AB=CD move for the next pump. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and...
GTAI is a new altcoin that was recently listed on major exchanges such as Bybit, Huobi, Kucoin, or GateIO. On coinmarketcap, this altcoin has a rank of #2296, which means it has a lot of room to go to the upside. 100x is not impossible with the current low market capitalization if you buy this coin now. Technical analysis It is really important to take a look...
Simple AB=CD retracement, buying almost the level which is also below the previous week's lows hence a level where a lot of people will place their stops. As for trade management, I might close half and leave a runner either at the previous highs or use the Fibonacci extensions for a target.