WeyWang

WeyWang

4 hour timeframe: Locally, the price draws a correction in the form of an ascending channel, I do not see a triangle with a flat top (as many describe). Local resistance at the level of $ 0.26, support at $ 0.21 (the border of the former channel is green dashed). Exit above 26 cents will give a target of 29 - 32 cents, where EMA200 passes on the 4h chart and...

WeyWang

The price forms a probable scenario with a abcde triangle in wave 4 (I do not specify the degree), wave e will not be greater than wave d, the price could going up by the width of the widest part of the triangle, in our case 10%

WeyWang

Good afternoon Bitcoin locally draws a symmetric triangle, it seems that in wave b of the abc zigzag. I see a local exit from the triangle up to the length of the widest part of the triangle to the mark of 9650 + -, the Fibo level 0.618 just passes there, the white resistance line in the form of the former trend passes there too.

WeyWang

Friends, such an idea came about an endiing diagonal triangle in wave C. Cancellation of the scenario is an exit above 11800. The goal for this formation I see around 11k mark. A decrease to 9200 does not cancel the wedge. Locally there is a level of 9900 above which there can be good goals in the form of the above. If wave (IV) is completed, then you can draw...

WeyWang

Bitcoin is traded in a narrow range of $ 200; going one way will give a clear signal direction. If we take into account the growth from April 23rd and take into account the fact that the continuation of the trend is more likely than its change, then we should expect breaking through the consolidation and retesting the 7800 mark and updating the local high. From...

WeyWang

Bitcoin still draws the correctional movement wxy, the essence of the model has not changed, only the appearance has changed. We thought that the price forms a triangle as a pattern of the continuation of the trend (downward), but did not take into account the factor that another half of the traders also thought about it. In general, they will be right if their...

WeyWang

Addition to yesterday's Bitcoin review: The likelihood of completing correction in wave X. 7200 is the end of wave b (+ double top). Where is the wave a the leading diagonal (expanding). Wave c of X with the goal of 161% of wave a = 5800. If the output is beyond 7200, then the additional formation of wave b or the additional formation of wave A of Y

WeyWang

Wave formation on the CME exchange: The asset draws a wedge formation, which means most likely either the leading or an ending diagonal triangle. If the leading one (as we have on the graph), then in the wave A of Y. If the ending one, then the wave C of the zigzag ABC. It doesn’t matter which formation looms, the important thing is that according to the supposed...

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ETH. 4h The asset moves in a triangle abcde, the volatility is slightly less than that of bitcoin, but the movement model is the same. After the completion of the formation of the triangle, I expect the continuation of the formation of wave C in the ABC zigzag

WeyWang Updated 

The first version of the excitement: the price completed the wave v of C at the level of 3800. the rebound from 3800 could be the first wave of the minute degree, then the decrease in the zigzag abc to 0.78 Fibo and the formation of the iii wave began. The orange line is 0-2, the output is lower or the completion of the correction is abc, which is unlikely,or a ...

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BTC: The price of bitcoin now draws a corrective movement within the iv wave inminute degree . We came to the conclusion that now the asset draws the format of the descending triangle abcde - the triangle of the continuation of the trend and now forms the wave (e). We all know that the price in the triangle goes in triple waves in the form of a zigzag. So wave (e)...

WeyWang

ETH, 4h Let's analyze eth on the Bitfinex exchange, here the chart is more clear. The price goes within the rising channel (lows and highs are rising). According to wave marking, the price draws a correctional movement within the WXY model. Tonight, the price formed a double local peak without breaking the level of $ 186 and EM200 on 4 hours. Perhaps this is the...

WeyWang

BTC, as we said yesterday, made a false break but did not fixed above 8350 and remained bargained within the triangle. The daily candle closed with a bullish absorption, but confirmation of the second day is still needed. Wave marking remains the same. The price has already approached the lower border of the triangle 3 times, the level is weakening, we think that...

WeyWang

On the 4-hour timeframe, the potential formation is XABCD pattern, the main condition is that the CD comes to the level of 0.886 from the length of XA, which is the main element for determining the Potential U-Turn Zone. Just this level passes at the level of the lower border of a large triangle.

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XBT 4h Price from the beginning of September began to draw a downward wedge, the purpose of which is to break up. We all saw that the level of 9850-10000 is very well bought out, the wicks from the candles are proof of this. Why should the growth go just from these marks and not after the next retest of the level of 9850-10000? 1. The dominance of bitcoin, which...

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LTCUSD on the 1D timeframe forms a symmetrical triangle (highs decrease, lows increase), it is also possible to form the Head and Shoulders pattern, the neck line of which runs just with the lower border of the triangle. On the weekly chart in early July, a large red candle formed, the middle of which more than once acted as a strong resistance. It is also worth...

WeyWang Updated 

Guys, let's take a look at a rather controversial asset - ETH, 1w chart The asset is above the trend line since December of the last year. The most important thing is that this growth occurs on falling volumes and so on for 9 months. Since we know that the asset is highly correlated with bitcoin, any correlation of which can lead ETH to an important level of $...

WeyWang

On the weekly chart, XBT forms a symmetrical triangle, the output of which can lead to a price of 18k, is this possible? The news background is full of positive news, also in + there is a trade war between the United States and China. On the monthly timeframe, the price hit the resistance created by the closures of the last 2 monthly candles. Most likely, the...