PakRT

PakRT

Hi Traders this is my view for bitcoin from Elliott Wave Analysis perspective, hope it could give you another perspective of analysis. Bitcoin is still bearish with double three (wxy) corrective wave within the blue channel. I expect btc would go down to around 25k demand area for entry long position (with PA confirmation). Then bounce-back to 26.8k...

PakRT

Hello traders, here is my view for btc at the moment : Bitcoin was in bearish move since May 5th with increasing volume + open interest and convergence with RSI momentum in daily timeframe, this is a confirmation for strong bearish move. What I expect : BTC weekly closed below 26900 next stop is 25k area BTC weekly closed above 27250 next resistance is 28k...

PakRT

Hello Traders, The web3, AI, and data narratives in blockchain are getting hype lately and i think it will be new trend. Especially data service such as indexing, oracle, etc., because it will be the foundation of web3 and AI including ICP project. Based on Dfinity roadmap, ICP not only want to be a full web3 infrastructure but also make defi run on its own...

PakRT

BTC macro cycle view by technical analysis perspective : 1) Channel lines is Market geometry based on Newton's Third Law action-reaction 2) Fibonacci cycle for peak and bottom of the economics cycle. Still expecting a correction downward grey or pink line support before bull run. The peak of btc would be somewhere in 2026, between 152k ~ 435k

PakRT Updated 

Hello Traders, I want to share with you a low cap token with good fundamental named Covalent KUCOIN:CQTUSDT . This is my view from technical analysis perspective : CQT has reclaimed its structure for bullish move. The price was staying above MA200 since mid Dec 2022. Making higher low since Aug 2022 yet btc had lower low in last Nov. Below $0.11 is good...

PakRT

Hello Traders, this is my weekly analysis for btc from TA perspective : Btc was moving in impulse wave, with confirmation in swing ratio and volume. Is now showing volume divergence and momentum divergence, that indicate reversal soon. Am still expecting wave 5 to be happen after small retrace towards around 21.3k - 20k to touch MA200 (Daily) once again. ...

PakRT Updated 

Hello Traders, this is my current view of bitcoin : Btc was moving down inside the slope channel The 3rd wave was confirmed by the increasing volume There's possibility that 5th wave has started and the target is around 14.78k Will wait for price action to go long around 14.78k The invalidation is 13.9k *I just shorted btc from 16.84k Stop...

PakRT

Hi traders this is my current view of btc, bitcoin was going up for 2 weeks and forming rising wedge pattern. The latest swing downwards occurs with increasing volume and momentum divergence. The green line 17841 & 16373 is weekly range of bitcoin options contract with weekly maturity date. Resistance : 17200 ; 17577 ; 17841 Support : 16805 ; 16635 ; 16373

PakRT Updated 

In my opinion we are on accumulation zone of bitcoin, total amount of bitcoin inflow on exchanges is negative in the last 30 days. BTC is trying to breakout and reclaim 20k. The next resistance areas are on the chart above But i think it's not a big move yet, could be a small bullish move only before correction on the next 25-28th Oct. The invalidation for...

PakRT Updated 

This is my view on ICP from technical perspective : The correction from 31 th July - now is not as deep as correction on btc Still higher low from 18th June low The 31th July high could be an impulse wave (volume confirmed) Any further correction below $5.2 would be a good opportunity to have spot position Invalidation at below $4.6 (not financial advice)

PakRT Updated 

As my analysis before, I mentioned that DXY could started to bullish again from 107.9 and other asset are tanking. This is my view of DXY for this week : DXY is now in corrective move and could sweep the liquidity between 109-108 area before continue upwards We will have FED % rate news release on 21th Wednesday with 75bps forecast This news will decide...

PakRT

BTC is now on little demand zone, there's possibility a pullback towards 20.4k - 21k from here with invalidation at 19.3k. Will wait for confirmation before go long, because the structure is still bearish at the moment.

PakRT

DXY still pumping along with weakening momentum. Is now breaking out diagonal support as a sign of correction. We will see some short-term relief bounce on other asset, stock, crypto, gold IMO. Take a closer look at 107.9 - 106 area, DXY could start pump again when touching this area. Note : Fed % rate catalyst is still strong that could make this plan invalid.

PakRT

USDT.D is now at support, i think we will see some moves to the upside anytime soon which means correction towards crypto market for approximately 2-3 weeks ahead. Breakout upwards 7.9% could be dump for bitcoin and other crypto pair. Do not fomo buy now, wait for retracement & confirmation.

PakRT

BNBUSDT has broken out of the falling wedge pattern, am not bullish yet unless for scalp, because we are still in the corrective pattern imo. Resistance at 230 area is still strong, there's possibility that BNB continue its correction downward to psychological 200 area, before continue to the upside.

PakRT

XAUUSD was moving in corrective wave for almost 2 years. Last bullish move coincided with an increase in volume. Soon will touch first support at 1680 and could bounce upwards from this level. Will take a closer look on fundamental as well such inflation / stagflation issues, recessions and fed % rate policy for further confirmation. Because more hike on...

PakRT

Btc followed adam n eve pattern and touched 22.5k resistance. Currently btc is moving in a downtrend and has potential correction until 19.7k towards orange trendline support before reverse to the upside. Will take a closer look at that level, and go long if market gives us bullish price action.