Welcome to this quick Bitcoin update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures.
ALSO, THANK YOU FOR YOUR SUPPORT SO FAR.
MY LAST BITCOIN UPDATE which played accurately IS TRENDING AT NUMBER ONE in UK!
Let's get to the...
Dogecoin is also at a very important level. We are at the triple bottom level where the next moves will dictate whether we will see Dogecoin go to the moon or flop back to the bottom.
Wait to see how price reacts. If it breaks above the descending trendline, we could see it move up. If it breaks below, we could be revisiting the lows from last year.
After the recent structural shift in the crypto market, ADAUSD (Cardano) gave us an ascending correction which lead up to the 61.8 fibonacci level and is on it's way down. The main target is the -0.27 fibonacci where we'll complete the ABC correction.
In the meantime, will be looking for any shorting opportunities via a bear flag or break and retest.
In our last Bitcoin Analysis. we were signalling that we may see a breakout soon. Since that post, we got a massive 30% breakout!
Retracement Long Scenario:
Watch for price to retrace back to the 36K level where we have previous structure. Entry on breakout of the retracement correction.
Continuation Long Scenario:
Watch for price to break the 41K level and get...
From our last analysis, we managed to get in on a buy after the retest. Price seems to be straggling along. There isn't any clear direction at the moment so we can just trade this for the short term via breaks of trendlines and pattern.
Once we see a break of the correction we're in, we can enter with stops above the correction. Targeting the lows of 1750.
The turning point for BNBUSD was the ascending correction. Once we saw that pattern appear, it was all downhill from then. We saw multiple break and retests on the lower timeframe. Next support area is the double bottom region at $208 level. Will be watching for bear flags to take this down.
Goodluck and trade safe!
It was 69 days of real hell, as Bitcoin crashed to a 61.8% Fib.
Some will recall (or not) that I had said the daily trend switch was important. I was not flavour of the last 2 months for sure. Was I a doomsday predictor? I was not! The chart said something - not me.
NASDAQ has been steadily climbing higher and higher with a channel. We can see that within the bullish moves, we have ABC corrections followed by a major impulse. We could be seeing another ABC correction soon which we can capitalise on.
Watch for the break of the ascending trendline to indicate bearish momentum and will be looking to enter with stops above the...
Today i wanted to show you a different way to spot reversals and change of macro trends. You know I love Elliott Wave but today will be less about EW. So Starting from the top. Back in February BTC was starting loosing steam at the top (volume) retail investors were foming in and the first reversal pattern was forming, the 3 mountains. This was the first hint of a...
This is just a fun chart... it will turn accurate as i followed the EW principles to draw it, however I won't spend too much time explaining to you all the dynamics behind. I expect btc to form an i HnS on the daily with a breakout later at the end of July. We are now going to touch 38500 maybe 40k with a nice push but we will then come back down at least to 32 k,...
H12 BMS upwards - bullish
Now moved down to 0.5/nearing OTE of that leg - which lines up with a 4H orderblock within the 12H bullish orderblock
On the m15 I have a structure which gives the entry and SL shown, just got to wait for price to return to it as the m15 has moved away aggressively
I've treated the daily LH as a cap for now, where I see the market finding...