red lines from Daily time frame orange Lines are 4h we are in ascending channels in bigger picture , i prefer thinking about shorts when this orange channel breaks , we have static support on this area and orange Trend and midline of bigger channel support here what do you think ? pink scenario or green scenario ?
BITTREX:BTCUSD If BTCUSD holds the 31-33K band, It could form an accumulatıon zone with bullish rsi divergence followed by a descending broadening wedge breakout. Whıch then would also mark the pivot point for the larger market trend.
So I did a technical analysis on NASDAQ:AMZN and here is my idea/point: Bearish: (not perfect) hammer candle followed by a bearish confirmation Stock in a clear downtrend Ema not showing any trend reversal sign or upwards correction ( no crossing movement) AMZN broke a strong support level Bullish: RSI showing a...
The stock continues to decline along with the market. I expect further decline down to 200MA. The former resistance level is also located there. We will reach this target within a week. Then the RSI will just reach the zone where the reversal usually takes place. Then the buyback up for closing of the GAPs. Then we should look at the reports and the market as a...
Hello Tradingview community and members. I Am sharing my idea/opinion if you enjoy the analysis make sure to give a like and let me know your thoughts. BTC has been consolidating for the last 10 weeks, bearish trends start to show up more and more. We could not hold the 41k-38k price range, we broke down and are now heading towards 32k, close to last resort. A...
#BTC Update What's new since the last BTC update? Trading volume over the weekend was below average and we have been trading in a range that has a high of $43800 and a low of $42300. BTC's daily outlook remains positive with no clear signs of reversal. The sector chart shows nothing exceptional and as said before, without institutional volume we could possibly...
My latest conviction is that wish has been sold maybe before it even did an IPO. Here's the game plan 1. VC's that have been to WISH (close to 10 years) needed to do an IPO so they would cash out their position and return the money to the funds, since there is a policy to close the fund 10 years after inception. (pitchbook.com) wish fund series...
I expect BTC sideways action between 39.5-53K ranges by 2022 March. Then I expect BTC rally. At this very moment I'm watching the scenario I posted in this chart. I think BTC has bottomed at 39.5K/maybe, but less likely one more touch to that point/. As you see, Double bottom pattern is a reversal pattern. And BTC did it when dumped to 39.5K on on January 10th...
Welcome to this analysis about BTC . We are looking at the daily timeframe perspective, the recent events, the established daily falling wedge and some indicators. BTC hit my last and main support at 39.5K September low and made double bottom and rejected at support area with strong buying pressure. It is obvious there is a huge buying demand AT 39.5-40k level. At...
Analyzing the 1D and 4H charts, I will continue shorting. Yesterday my sale from 156.020 has fallen to the level of 154.9xx making a movement of 112 pips, if you have followed the analysis it is smart that you have put the SL in the entry price since a movement of 112 pips is a very considerate descent. We are in an important selling area in which we have to be...
I would love to hear other elliotticions opinion on this scenario. So for now we are almost reaching the end of wave 4 wich was the longest wave of them all , wave 4 is usually the most longest wave . As we seen it broke the 0.3 fib level so i expect to reach 0.5 wave 4 maximum fib level wich is 53700 . after we complete wave 4 we will dump to the last wave 5...
After this abc corection i expect a wave 3 wich will take us to the targets shown in chart with red lines .
If the pink line is broken up, the bullish trend will resume. Additionally if the green channel is broken to either ways, tp1 would be the middle line of blue channels and tp2 would be end of the blue channels. If price goes below ichi cloud we would probably have more downs and if we stay above, as we do, targets would be 1818-1825.
Eth is at really hard place right now. As with BTC its market cap chart has already extended aver all major fibonacci extension levels (will show the chart later in the update of this idea). While i am confident that BTC has entered a bear market, i am a little less with ETH. Imo there are two scenarios for eth, one is bullish , the other one is bearish . Whatever...
unfortunately it lost ascending trend line (yellow line ) , now BTC is trying to crossing the resistance line , it need more volume and strong candles . I hope BTC to cross the green line and reach to the next resistance line . However, there are different scenarios and for now it is better to be a little careful . you can use Ichimoku too .
Hi all What is my view on ICP/USDT ? ICP shows a positive price development. both buyers and sellers have been tricked at one time (including me). Later I saw a logical liquidity grab from a lower zone. Since then, the price has gone up again so I expect a breakout soon. Before I get in I wait for a breakout+retest or a drop to .618/.71 fib level Negative...
Potential double top and HSH pattern. Today candle is pinbar. Some bearish very risky counter trend scenario
Point C is extension 161.8 of wave AB. Shark pattern will occur when price will react on 88.6. So possible some bullish move at 1730.