1. 10500 support retested as resistance 2. CME Gap ends at 9660 3. Trend Line resistance from 2018. Nice retest would create a strong demand surge from which we can launch to the moon
Triangle consolidation is a corrective pattern that tends to lead to continuation. I'm thinking we are finishing Leg C of OBV ABCDE triangle, which will lead us to close the CME gap at 9650-9900. Then Leg D will impulse us to 10900 where we will retest the HTF demand zone as resistance. Then we come down a bit to finish off Leg E around 10500, which is a major HTF...
1. CME Gap @ 9660-9925. We have entered the gap zone, so we should we should continue to drop until it is closed at 9660. 2. Trend line resistance from 2019/2020 highs was broken through on our way to 12k. I believe this will be the proper retest as support we need to move onto to higher price levels. You have to establish a floor (support) before you can climb to...
XZC/BTC Double bottom. Watch for bullish bounce Sept 23rd is ZCOIN first halving Please give me a like if you like my chart! Happy Trading
In this post, I took the popularized theory of the 4year bitcoin halving price cycle and conducted some analysis and price projection. Namely I took note of the previous 2 cycles' price rise multiple from two starting points: 1. From bottom to cycle top 2. From halving to cycle top One thing to notice is that the price multiple decreased from the first cycle to...
Within this correction it is pretty obvious Wave B has ended beyond the start of Wave A. This leaves two possibilities fro simple corrections: a running flat or an expanded flat. Running Flat: - B ends beyond the start of A - C ends before the end of A Expanded Flat: - B ends beyond the start of A - C ends well beyond the end of A So which avenue do...
Hello, we were looking for alts to invest in as the btc dominance is going down (see the related idea). Well, after Zcash, Lisk is perfect right now as: 1- it broke the descending trendiline upwards; 2 - it will halve on the 28th of September, so the price should start its run; 3 - the price just reentered the turquoise retracement area after...
Hello, as per linked idea, ZEC is halving in November. a retracement has been made as expected, and even if it is a little bit early for getting exposure to the halving yet, with the altcoin season about to restart, I think it will not go much lower.
ANALYSIS: 1. RSI Hidden Bullish Divergence. --> price higher lows, RSI lower lows 2. 11150 holding as support 3. Demand absorbing candle (long-tail wick) TRADE OPPORTUNITY: 1. Entry = 11300 a) H$ demand zone b) beginning of Wave C of a triangle c) ascending trend line support 2. Stop Loss = 11100 a) end of long-tail wick...
Hello, I missed this completely unexpected mini run (at least for me). However, the upside potential is still big as the Halving approaches (as of now it is expected on the 17th of November. Let's wait for a pullback to the 0.007 area to enter or for a decise breakup above the turquoise rectangle identifying a very important support/resisntence area in the last...
View this link to Bulkowski Wave Patterns: thepatternsite.com The three wave move from 12.1k to 10.5k could be our leg A. Using fibonacci extensions of leg A, our current 3 wave move from 10.9k could be subwaves 1 and 2 of wave B. This would mean we hit a Lower High at resistance around 10.8k to finish leg B, and return to ~10.7k to complete leg C. Will check in...
COINBASE:BTCUSD as from my previous analysis, I've been saying the BTC is bullish until proven otherwise, that is breaking 3200 to the downside. right now it breaks AGAIN 9600 with a solid bullish candle in H4, and is right now inside a volume zone. The next few days are critical because of the halving and all that, but I've heard some guys saying that BTC will...
Confluence of Short: 1. Supply zone met at 11750; rejected 2. RSI bearish divergence (price HH, RSI LH) on 1H and 12H 3. Spinning top candle signifies reversal 4. Extended beyond 100% FIB retracement without meeting supply of a higher level. 5. Over-extended price should correct to liquidity/demand bloc What the Future Holds: 1. ABC correction is common after...
Analysis of Supply/Demand: 1. Liquidity @ 10250, and July 26 consolidation marked buying pressure before recent pump to 11400: demand block 2. Liquidity and numerous retests within July 28 ABCDE triangle correction tested 11030 as support: demand block 3. Selling pressure and slight liquidity @ 11400 mark resistance at 11400: supply block Fibonacci...
Hello, traders! In last week’s analysis, we ran through BTC’s potential Wyckoff distribution stage. Looking through the basics of Wyckoff market cycles while analyzing the potential cycle which is occurring, as demonstrated below. Showing that BTC could be potentially overbought. During this report it was stated that BTC could see an imminent drop, that BTC was...
This post will highlight Bitcoin's long term price action to the Wyckoff Distribution schematic. At the end I will establish numerous trading opportunities to prepare fro the dump... Before I explain the near-perfect similarities to Wyckoff Distribution, click the link below to see an image of the phases of Wyckoff Distribution. View this image and then Bitcoin...
This is almost too perfect of an example. A classic five wave impulse with an extended fifth, meaning the W5 is longer than W1 or W3. Each of the impulse waves (1, 3, 5) consisted of five subwaves. In addition to this, an ABCDE triangle consolidation tends to happen on W4 of a 5 wave impulse, which in this case it did. To mark the end of this magnificent rally,...
As seen on Crypto Twitter, the recent ABCDE consolidation seems to be W4 of a 5 wave impulse. Today's break out of the triangle consolidation should be W5. Noticeable resistance, liquidity, and fibonacci extensions reside at two places: 1. 9800. This is 1.272 fib extension and resistance from late June 2. 10000. This is 1.618 extension and resistance from...