H&S formation on H4 could lead to a drop to 8.9k level. What do you think?
Good morning fellow investors, Hope you're doing well and welcome to yet another BTC analysis. Let's get right into it! A couple of days ago bitcoin gave us a Elliott Waves 5th and last wave confirmation. As we know from our good friend Mr. Elliott himself one of the most important rule in Elliott Waves pattern is that the 5th wave need to take the bottom of the...
Won't give a long drawn out detailed analsis at the moment but the green are buy zones. and the red is resistance i used fib to draw all my stuff when last impulse wave finds support generally you can count on an retracement upwards to the 30-38% fib retracement even if its gonna fall back own the 38 fib is also known as the dead cat bounce but the market...
Good day my favorite cryptomaniacs and welcome to yet another analysis of BITCOIN (and a grain of trend line education). SAY WUT?? Let's get right into it !! ''Denzoss Bitcoin is going up!! Should I RE ENTER THE MARKET ??!?!?'' NO! The graph hasn't given us ANY indication of a reversal pattern. We are STILL in a downtrend until it breaks past $10 700 level(red...
XLM we love you so much but boy do you have a sad journey down to the 1800 area. With BTC reversal pattern and bearish market XLM is deemed to go down and it has absolutely no strong levels between 3500 and 1800. It also needs to Square up A LOT down there. I have traded XLM on its way up from 1000 to above 6000 and, OH MY! XLM is going to give use one hell of...
Creating a new post on request because the other one was way too long and it was a pain in the ass even for me to update. So far this has been pretty accurate. Right now there is a ton of enthusiasm calling for a pump back to old highs. I have to emphasize that although that is absolutely possible, we are in a different place in the overall market cycle...
Hello friends! Welcome to this 5th wave BTC update. Let's get to it! Firstly, I want to assess my general opinion of BTC and what I see it doing in the upcoming days. I am seeing a 5th wave all the way down to $4700 (refer to the Linked Related Ideas on this post). Now, let's try to figure out the bounce on this descending trend! As you can see on the chart we...
Looks like we're going below 10 mates. Finally some much needed relief. To go up you must go down
Could this be short term bottom for neo?? Ontology airdrop in march.
I still think BTC is going down to $4700 and my reasoning behind it is quite simple. If we look at the big pink arrow on the chart we can see a VERY CLEAR BULL TRAP. Back at that point we were on a descending pattern (bear market) from $20 000 to all the way back to $10 000. The bear market was confirmed at $17 000 when we dropped lower than the previous low...
Looking at the daily chart for $XBT we may have yet another Reverse Head & Shoulders setup coming into play. If you look at the VPVR on the right side you can see the gaps in price that need to be filled in before we go to higher highs. This RH&S setup would be a nice smooth way to fill that in and push us into massive momentum! Side Note: On a larger scale I...
BTC set to drop and begin its 5th wave to drop lower than the previous 3rd wave low ($5900) which leaves a single level reachable $4700. I have called the $5900 drop in the beginning of February and I was right. I called it using Eliott Waves market structure and I said the price was set to drop to the $5800 range which it did only to bounce back all the way to...
There is no difference — will it be a breakout or a rebound... We have major Downtrend Resistance and Support zone , Watch price action here, don't fall in bullish FOMO. Since we break 9500 area, we confirm short-term bullish movement to Downtrend Resistance Line. Now it is a time to watch. If there is new bullish movement - you'll always have time to join...
Possibe short set up on btc. Current shorts on bitfinex rising. watch out for entry.
trade active on bitmex 40x leverage 120% roi ill educate and explain another day
This is my view of trendlines on D1 (blue) and several trenslines at M15. Also i've added support line that was previous resistance to see where we should close our shorts.