BTC is keeping up the expectation. Nice small trades to be taken short term. Just wanted to share this so I can say... "I told you so". Elliott wave once again playing out, Wave 1 formed in the hourly. We should have another attempt to 35k in the next 8 h then we will have a small retracement to test resistance turned support seeing 32500 maybe once before to head...
Here we go, the ETH set-up. We should have a pullback to the 2000 region on the next BTC...this will be the last time we will see eth at 2k. The tp will 2400, 2900 and 3500 by the end of the month. We are going to form an inverted head n shoulder on the daily timeframe before resume the bull cycle. In case anything drastic will happen I will update the charts. If...
Polkadot is one of my favourite cryptocurrency with strong fundamentals. There is a good trade and entry in the pipeline here. DOT just terminated the first impulse wave on the hourly frame. It is currently sitting just below the reflex point, which is strong resistance and a reversal point. Good signs are pointing that the trend reversal is in play... An inverted...
This inverted chart of BTC dominance shows we are ripe for the next leg up. Target will be 50% dominance for BTC, and then we will head to 35%, where we will see the crypto market growing exponentially. Check the notes to understand. Also, look at the other chart I provided on BTC, The Crypto market cap...everything falls in line. Enjoy the ride, guys.
We had a great correction of the market in the last 3 months. Some of our favourites altcoin have lost 80% of their value since ATH. However, the correction has run its course. I wonàt be able to explain everything in detail but if you have knowledge in Elliott wave principles you will understand, otherwise, I will be happy to answer your questions if you contact...
As published in the previous post BTC is undergoing a correction of the 3rd EW on a weekly scale. If we zoom in we can see the patterns that are unfolding. I have reason to believe we are on the verge to start our first leg up. As you can see we started the correction with a clear zig zag pattern that brought us down to the 0.236 level of the 3rd wave which was...
We are now in a correction of the 3rd macrowave. The target of the 5th wave following EW rules is 190 k. Considering the first correction of wave 1 was a complex correction we should see a simple correction for wave 3 (zig zag or flat). Also the 3rd wave was an extended wave so we expect the price to retrace at 0.236 level, which is the current level we are...
I am sorry for the mess, however, a nice cup and handle seems to be almost formed, missing just the handle now. this upward bounce will end at 1750 - 1800 to drop down to 1550 ish and then all the way up to 2950, need confirmation on the resistance on upcoming months but a very profitable trade is setting up so far.
I find illuminating how BTC keep following the 2014 path. amazed that is what i see right now. Education purpose only
I find illuminating how BTC keep following the 2014 path. amazed that is what i see right now. Education purpose only
BTC volume drying up signing lose of interest in the market which is typical of bottoms. where retail investors are disillusioned and deluded. they leave the market giving big investor time to accumulate before start a sharp move which will hit news and create FOMO in old and new retail investors. The question is what it would be more lucrative for big investors...
The bear market is possibly over for BTC 1.21% . It is approaching a 6 years support trendline from who we bounced back in september 2015. In order to reach new lows BTC 1.21% has to break through 2 strong market support (7 years) since inception. The lowest point reachable without breaking the structure is 5550. It may be a good time to accumulate. October -...
After few analysis i decided one of the best timeframe to spot the primary trend and reversal for BTC is the 2 weeks timeframe. The 1 month timeframe is too high as the asset is too young and it wouldn't be sensitive enough to give us reliable signals of reversals top and bottoms. Certainly there are many similarities between 2014 and 2018 but we always need to...
As we can see from the various ROC (9,12,18) the indicator has been really useful to spot the moves up and down, respectively whether it was breaking a trend resistance or support. we could have timely short the top in december and we will probably be able to timely spot the bottom. It looks like BTC is breaking the resistance bouncing from the support (6150). My...
GUYS GUYS, Guys..... Such a beautiful pattern has unfold. the Cup n handle pattern. Btc ib the 4 hour has shown the classic sign of a cup n handle formation. Sign: 1 strong rally on the left 2 steep drop with high volume culminating in a selling climax 3 volume drying up with lose of interest 4 volume start to increase with a soucer bottom pattern creating the...
No doubt we had a really good bounce in the last couple of days as expected. An important mile has been touch in this run up, 7200 it s an important resistence zone with a confluence of the kijun resistance and the senkou span A of the Kumo cloud it can be seen as a strong resistance. It looks like is forming text book ascending wedge tipical of bear markets run...
One of the most simple, basic and effective trend analysis is the volume/trend analysis. BTC shows the typical and strong exhaustion phase in late 2017, with price surging quickly and culminating in a parabolic blow off of equal proportion (volume). it can be appreciate the the similar action back in 2014, which culminated in a massive blow off followed by selling...
BTC. interesting is the unfolding pattern on the log scale. As we can see it looks like the story is repeating itself. The trendline drew from the last bottom before the pick in 2014 has worked as a turning point and change in the structure, creating lower lows and than consequently higher highs. Similarly in 2018 we have hit the floor of the last bottom before...