Hi guys, I see the bullish divergence spotted a few days ago had some effect on the dollar strenghth. This could mean a reversal is coming in the precious metals markets and crypto also. On the chart at the macro level we can see that BTC's price went inverted to that of the dollar. If the case presented will continue, we might get some panic sellers and a chance...
Hi guys, Bitcoin looks choppy so I'm not entering new positions for now. I do think the two scenarios are as follows : Bull : we get a close over the 54.000$ and go on to re-test the 58.000$ levels Bear : we get rejected once again at the 52.500$ levels and we go searching for buyers lower, in the 41.000$ levels. Trade safely my friends ! PS : my previous...
Hi guys, I have been checking on UNFI since November 2020. It got listed at 1.30$ and went to 44$ in just 3 months. Now it has retraced to a confortable level of 28$ and seems ready to breakout. I expect it to see some really nice gains in the future considering it's 2,5 mil coins supply available and the max supply of 10 mil. My spot buys : 10$ and 28$ Long...
Hi guys, it seems Bitcoin is correcting. We had a 14-15.000$ drop last week, now it seems we found a potential bottom at the 43.000$ levels. If the buyers can sustain the move up with a close over the 46.000$ levels we wil see the bull market continue. If they can't we might get a buying oportunity at the 36.500$ levels soon. Trade carefully friends !
Hi guys, a quick bullish trade I took yesterday. Elliot impulse wave count. Entry 102$ Target 138$ SL 95$ Not financial advice, trade safely my friends !
Hi guys, Been watching this for a couple of weeks now, still no "healthy" correction. The Big Bear divergence should play out in a couple of days with a target of 30 -34.000$ levels. Or maybe Elon buys some more and invalidates this scenario. The upside would be the 63.000$ levels next. I'm waiting on the sidelines, too risky for me to enter at current...
Hi guys, not saying this is going to happen but if you can sustain the risk, the reward could be in 15k / 1 BTC range. Check other indicators for confirmation (RSI/volume) Not financial advice, just a potential Bitcoin scenario. Also, go bulls :)
Hi guys, Bitcoin seems to have entered a corrective move. This is confirmed with the help of the bearish divergence on the RSI which shows the road to oversold has been more than half traveled so far. I marked on the chart the levels of interest. Bear levels : 44.220$, if broken 40.600$, if broken 34.000$ Bull : BTC revisits 44.220$ level and bounces back to...
Hi guys, last week finished above the previous week's closing, which might suggest bulls are still in control. The chart is still bullish, but we do have to consider the bearish scenario also because we still got rejected at the 41.000 $ - this stopped Bitcoin on the road to a new ATH. Considering Elliot waves ABC scenario we might be at the beginning of wave C on...
Hi guys, BTC did another run sustained by volume and also by new money entering the markets. The total crypto marketcap is sitting at 1.162 trillion $. Bull - over the 39.000 $ levels Bear - under 34.000 $ levels The end of the diagonal drawn on the chart will give us the levels to watch going forward.
Hi guys, as we can see if we count the Elliot waves projection we are still in the third wave (of 5) of the Elliot waves count. We should see a retrace to one of the levels 27.000, 23.000, 19.000 or 14.000$. After that a majestic bullish 5th wave should take control. This action will probably take 5 to 6 months to play out, but the big picture shows the trend is...
Hello friends, I was expecting a more violent move to the upside after the Elon move. The fact that BTC didn't react more tells me we see a very powerfull selling pressure at the 37-38.000$ levels. Bullish : bitcoin breaks and sustains upper 35.000$ levels for more than a few hours Bearish : bitcoin falls under 31.000$ levels si touches the 28.000$ levels once...
Hello my friends, I have been talking about this BTC correction for about 2-3 weeks now, today I have noticed some new elements that I didn't see before. The main one is the bullish divergence on the 4H as seen above. So the 2 scenarios are : Bull : the bullish divergence plays out before the next big movement down, this would mean a re-visit of the 38.000...
Hi guys, my analysis started on the 14th and is confirmed 100% up to today ... everybody turned bearish in last couple of hours so probably a bounce is in the cards. trade safely !
We broke are still in a triangle correction, the levels to watch are 30.500$ on the down side and 36.500$ on the upside. A clear break in any direction would be confirmed with closes over/under this levels. Targets upside : 47.000$ (less probable) Targets downside : 27.000$ / 23.000$ (likely)
Trade safely guys !
Hello friends, as I was projecting last week it seems the ABC correction scenario has been validated. A perfect trading entry for shorts would still be at the break of the neckline made with th beginning of wave A. Targets are 27/23.000$ ( 100/123% of wave A starting at the ending of wave B). Trade carefully friends !
Trade carefully friends, we're not out of the woods yet :)