Following on from my previous analysis, GOLD has made a sustained move upwards from the lower PURPLE zone, hitting both the 0.5 FIB and the GOLDEN ZONE respectively: At the time of writing this, price has now settled at the top of the current PURPLE zone, and has stalled at a daily trendline starting from the 20th July. There have already been three major...
Bitcoin is at a very decisive moment for the short to mid term. I believe a drop below consolidation support on the bigger picture around 18k or what not will be relatively short-lived. Otherwise we may fakeout on a smaller scale and pump sooner rather than later.
hello guys In upper time frame tesla has a compression on left of chart It is neither broken nor engulfed, so this makes the stock more bullish, this QM that formed on gray area occurred on last zone of that compression. Now price is on a hidden gap area (master candle or long bar candle make it) commonly this area breaks up (because price reacted before). For...
hello guys xlm formed a three drive on decision point and this three drive make a divergence on rsi. so in my opinion this crypto is ready for a long position. what do you think about this chart? thank you for your attention! If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
S and P will make new all time highs by March 2023, what remains to be seen is whether this incoming pullback will initiate Z of triple combo or if it will be smaller degree wave 4 of 5 - which would likely mean breakout after pullback here to ~4090 (thus completing larger corrective wave IV with a double combo at Junes low).
Will be very interesting to see how we trade here in the next 25-30 minutes. Using Supply/Demand trendlines as shown in chart, I am seeing Supply = Demand at ~ 7:25AM 7/12/2022 (EST) @ the price level 3826.71. This is right where we are now. A further analysis using Calculus gives me a bullish conditional expectation from here. If Price gets back above 3683 this...
It looks as if we've reached the same scenerio as we did last July, where bear market is looming and reversal seems improbable according to the moving average. Looking back at the last cycle, we can see there was less consolidation with a deeper bounce and faster moving bounce. If consolidation continues and the wedge is broken to the upside, likely we will be...
Decision time for BITCOIN! Will we stay on the trendline, and hold ~40k as support? Or will we crash below it? Let me know in the comments
An overall view of MicroStrategy company buying the BTC deeps and having his curve being more more correlated to the Bitcoin evolution. We can see that overall , they were some FOMO in the first part the year 2021. But the price in finding support on an ascending probable trend marked by the green line. The market rebonds on it every time that the Bitcoin went...
We're facing a major decision between bull trap or beginning of a second bull market. Exit Market means levels of high uncertainty, it's probably best to wait for a clear decision before placing any major buy/sell orders. This is an extension to the following Idea where we used the log chart and 2 simple channels to see important price levels.
The silver made three significant wicks to the bottom resistance area on 24 September 2020, 30 November 2020, and 9 August this year. Each was higher than the previous one. On the one hand, such an area will have a high concentration of buy-limits, sell-stops, and stop-loss orders. If broken by a sufficient margin, limit order buyers will trigger their stop-loss...
BTC is right now at a do or die moment if we close above this major support and resistance we can easily reach new ATHs, but if we close below the probability of a breakout to the downside of this bearish pattern is very high. The target of a downbreak would be the bottom of the wedge (30k) and the target of a breakout would be around 69k. hope i helped you with...
It's long/short decision time as descending triangle formation nearly fulfilled. In general, a descending triangle is a bearish continuation pattern but could as well play out as a reversal pattern (we've seen both for BTC in the last months). technical long target ~48k - first major resistance @38k technical short target ~14k - first major support @24k Also,...
Background : If you read my earlier TA you know we entered May focused on two possible outcomes for the month- one is a correction and the second was consolidating between 50-60k. Based on the recent price action and breakout from the triangle on 07 May that was validated by restesting that former resistance as support- we are adding a third possible scenario....
Last week the highest price was just at $14.35 ... just a shy $0.05 away from our bomb shell. Anyway it was not triggered and it keeps going down after reaching $14.35 The market was closed at the SR Flip area at $14.00 (see on H4), it was doji and so far no buyers sighted in the market (Asian morning session). Here are the few scenarios : (1) Market bounce at...
we have different scenario first i assume we have 35 % chance to brake the higher support and the next part is we will have a correction and a reaction on the support with blue color then coming back make your short term decision -short-term trend
A title with two meanings. Sparks will fly when the SEC makes their move with at least some knowledge of the lawsuit on Feb 22. Maybe a resolution but I'm certainly not holding my breath. The sparks will come from price exploding in reaction to whatever is learned. The outcome could be bearish or bullish. The second meaning refers to the literal Spark tokens...
I think Bitcoin ( BTC ) is in an important time and area of decision making. In my previous ideas, I wrote to you about 18300 - 18400 that it is an area that if it is broken the correction is started.. In this idea I want to talk to you about how we call a price area, BROKEN?? Support and resistance areas that are strong and the price was above or below them for...