The price of Bitcoin is preparing for a final drop to the downside, to 57k per my calculations! The price is still inside this bullish flag formation, and we still need to complete the ABC corrective pattern from the Elliott Wave perspective. At this point, I cannot be bullish at all, just be patient and wait for 57k to be hit before buying BTC! It's also...
Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...
The trend is your friend! I agree but the trend is also meant to be bought at the low and meant to be sold at the high. We have used the Fibonacci to determine that buying is a high-probability trading decision this morning. We have seen a pullback into the buy zone on the 15 Mins chart. The area of Targets are: 1.] 1.2392 2.] 1.2468 Stop at the LOD: 1.2330
Helium Mobile, the phone and 5G data company behind Helium (HNT) has a strong potential to become a billion dollar asset, same as the Helium token, which bootstraps their WiFi hotspot business. HNT MCAP: $1,293,307,342 HTN ATH MCAP: $5.2B MOBILE MCAP: $320,311,772 MOBILE WITH THE MARKET CAP OF HNT Helium Mobile: $0.01526096 (4.04x)
Looking at the #WLDUSDT chart, we can assume that after the hype that was at the beginning of the year, interest in the MIL:WLD coin has now waned, if not disappeared. 🤷 After a sharp drop, buyers had a chance to restore the price of #Worldcoin to at least $7, but today sellers took the initiative and are drawing a daily candle that is clearly not for continued...
FX:XAUUSD is moving out of the sideways range downward. The price is testing 2328 within the framework of correction on the background of news. Earlier, the structure of the bull market was broken, which in general can determine the medium-term potential. “GOLD → Bears win. Downward counter-trend correction ↓” The price is testing 2328, which is actively...
OANDA:CADJPY on the background of global weakening of the yen forms a pre-breakdown setup against 112.26. The currency pair is preparing to strengthen. On D1 the general trend is obvious. Buyers are not going to give up and continue to press the strong limit resistance at 112.26, formed by sellers. The trend is bullish and it may continue. Fundamentally, the...
Gold has rebounded to around 2332 in the short-term. Many people are definitely afraid that gold will continue to rise to a higher level again. Maybe many people are even chasing gold above 2330. In fact, as emphasized in the first two articles, gold has now fallen below the upward trend, and the short trend is now very strong. The short position is far from over,...
Friday gold was close to print a key reversal on the daily chart. It was day 41 in the current daily cycle. Day 41 is quite late in gold's daily cycle as a normal cycle 41-46 days long. We can easily find daily cycles on the gold chart where gold printed a DCL around day 40-44... A usual daily cycle decline lasts for 5-7 days so if I'm right gold will print its...
🕵️♂️ Let's dive into the analysis of this cryptocurrency, which operates in the Proof of Stake domain and has recently gained popularity. 🕓 In higher time frames, this coin has been in a range-bound state after reaching its lowest price of 0.003004, forming a weekly box for nearly 500 days. We've witnessed a 🚀 pump and upward movement of this coin after hitting...
A quick Follow-up on the GBP/USD Long Trade. We have reversed the position at 1.2448 a test of the structure 2. Technically, the trend is still down and a failure to trade above the structure 2 makes the GBP/USD still bearish. The last Bullish wave 4 to 5 has given us a short setup using the Fibonacci. This is a high-probability setup for a strong reversal (short)...
FX:USDJPY does not pay attention to the behavior of the American dollar. The focus is on the Japanese yen. The currency is in a strong sell-off and continues to get cheaper, while a beautiful set-up is forming on the chart. Rising triangle in the global perspective and in the short term: on D1, on H4 and on H1. A beautiful situation, when the chart lives its...
BINANCE:BTCUSD is testing 71572 and forming a false breakout, I have emphasized our attention to liquidity above this level in a separate idea. Trading inside the range after capturing liquidity continues and the market appears to be preparing for a halving. (April 6 idea: BITCOIN → Trading inside a sideways flat. ↑ 75K or ↓ 60K?) The false break of...
Follow-up to my previous 5137 Top Call (click). Markets appear to be retracing finally. This could be just the start of correction. Minimum next leg depicted goes to 4900-ish. $ 5109-5137 is major resistance that may be retested. $ 5044-5049 a minor support that will hopefully bounce. $ 4896-4924 is next major support and BEST GUESS...
FX:XAUUSD is breaking the bullish trend structure, earlier I pointed out that the market is preparing for a reversal amid liquidity capture at the expense of buyers. The market is testing support for a breakout Idea from April 19: GOLD → One step away from a correction? What's going on? Selling since the opening of the session. Price is testing local lows...
AUD/CAD moving quickly from equilibrium showing the bullish price. note - we aud cpi on 24/4/2024
All technical indicators indicate that BIL will once again reach double digits this year. BIL reached an all-time high of LKR 19.2 in the December 2021 bull run, only to later retrace by 80% to LKR 3.9 in April 2022. BIL appears to have consolidated between LKR 8.2 (0.618 Fib Retracement) and LKR 5.2 (0.786 Fib Retracement) in the subsequent 24 months. EMA -...
📉Hi Traders, Investors and Speculators of Charts📈 Solana has made some great increases, and it's retraced back to support levels. I've been bullish on Solana since the beginning of 2024, when SOL was still sub $100. Take a look here at other altcoins that we've been watching: By looking at the Drop-and-Pop fractal we've been watching, we can conclude that for...