Following our previous analysis BTC is moving just as expected! and yes we will see 28k probably today or tomorrow!
I just detected 5 legs down pattern being in play for btcusdt, which lures me into a short position!
Entry 1: 31495
Entry 2: 32300
Good Luck Everyone
You might have followed our previous Sell Signal on bitcoin, in which all 4 TPs were hit in 6 days. Here we take a look at the current situation in a 4 hour chart.
Based on the Eliot waves theory I have distinguished 3 possible zones for the end of the correction phase, 2 of which are already lost. Therefore, I believe we are going to visit 28k! If...
eth/usdt is dealing with a triangle, considering the correction pattern which was previously initiated I expect a visit to 1000 usdt. any of the depicted levels and zone could be your potential TP point and DO NOT forget about the stop loss.
As can be observed the Zigzag correction pattern could be in play for btcusdt, from here which is considered the end of wave C I can expect 5 legs down to complete the zigzag.
Tp1 : 37580
TP4 : 31580
Stop Loss: 42890
Goodluck every one
This pair is now enjoying dynamic support, losing of which will probably lead the price downwards to the green support zone, so I would be looking for short positions below the dynamic support. On the other hand, once the resistance zone is conquered, the blue line will be the potential targets.
Good luck Everyone
The pitchfork seems to be valid in this time frame, considering the lost support zone, one can expect the price to test the remaining support zones and the pitchfork bottom. I would not short it yet, prefer to observe the market right now.
A descending trendline has been broken, one can buy long or invest in this pair once the weekly breakout zone and conquered and retested!
Our targets are shown by blue levels.
Back again with another idea!
Having broken out of a descending trend line, this pair has managed to successfully test the trend, provided that the resistance zone is conquered the blue lines could be immediate targets.
Happy Trading everyone.
with the support of immediate and major zones, this pair has managed to get back in an ascending channel, however, a strong resistance zone is keeping the price from trying the top of the channel again, if this zone is conquered one can imagine the blue lines as the immediate targets.
Have a nice weekend everyone!
My fellow Traders
In the daily time frame, it can be observed that a very vital breakout zone is being conquered, a descending trendline is already broken and successfully tested, so the blue lines can be the next targets if the daily zone is retested successfully.
Take advantage of this opportunity
Ladies and Gents
After breaking out of a crucial zone which now has turned into support after retest, Bitcoin Cash will be trying to test the confluence of ATH and ascending trend line's top once again. The green trendlines now act as dynamic supports. We will update this pair in a couple of days to see if ATH breaks.
Have A NICE WEEKEND eveyone.
My fellow Traders
Encountering an important resistance zone, this pair is trying to test the tops of the ascending and descending trend lines above. The blue levels could serve as midterm targets provided that the resistance zone is conquered. We need to wait for the weekly candle though.
Having gained the benefit of 2 strong support zones, Chainlink is once again trying to break out the descending channel. The previous top levels would be less we can expect after a successful breakout.
Stay Prolific everyone!
What a week for stellar it was, now it needs to stay above the broken trend lines, which does not seem far fetched because of the important levels now below the price.
Have a fruitful weekend.
It seems that Litecoin has managed to get back inside an ascending channel after forming a double bottom pattern, with major and minor supports it is now looking to test the channel's top once again.
Hello Crypto Traders
As it is clear in the chart we could possibly be following a Running Flat Correction Pattern (ABC). Based on Eliot waves theory there are 2 potential targets for the B leg of this pattern, either 1.236 extension fib level or 1.361. if this is the case (and based on the volume I believe it is) we must see the targets depicted for leg C as...