ETH buffer zone is between 1300 and 1500 on the weekly chart. I see a massive break of that yellow old support now resistance line and its following the same pattern (note: same patterns not NOT always play out) but taking caution here. the red line plus that break and retest is pretty scary for a BEARISH reversal soon. I would be bullish if the price closes a...
Sol riding up to that huge yellow line which is very strong resistance. I expect a drop from 28.00 there Short term bull trap
Why is BTC/RUBLE pair trading so different than when compared to other currencies? Are they driving the market? Makes sense why there the price has stair stepped down for the last year. I see the price dropping from here but I am going to wait for a daily candle to close above or below this triangle. when compared to 2019 there was a "bull trap" that happened...
XRP needs to come down to .22 and complete some these patterns I see a drop, then a pop, then another hard drop... very similar to the run up we had with BTC in 2019 I expect this next week that XRP will struggle to stay above this trend line and end up closing below confirming the pattern.
What do you think? The Elliott structure works if you look at the 2 week LOG chart from the beginning of when it was created. the 2 major rules, Wave 4 does not cross below the top of wave 1 wave 3 cannot be the shortest wave IF this is the case then the top of 2019 would be wave 1 and the rejection would be at the 14k area. What are the thoughts from other...
There are still 2 CME Gaps to fill on the daily chart sitting at 11k and 9.8k This FIB channel looks like its hitting amazingly well. I suspect a drop down to the blue line, then a double bottom with a year long sideways action
On the 2 weed LOG chart you can see how the pattern falls over, Its getting to the point where it breaks down according to the 4 year :\"bare bottom" cycle On some major trend lines it has already broken down but you cant see it on the daily chart. Channel pattern below represents the price structure on how it normally flows.
No indicators, just straight up FIBS and trend patterns. on the 2 week chart, ETH has dropped below the .25 using the FIB channel. that resistance confirms that the price will stop here and drop down to the 500 to 700 area. A lot of longs are put in at this area so the price would need to drop in half in order to liquidate the 2x orders so 600 is a fair...
DXY almost at its pivot point. It'll reject off the .5 fib and head back up to bounce around inside the golden pocket... DXY go up, Crypto go down
On the top left is the price structure and pattern formations from 4 years ago in 2018 and the comparison between the 2 is very similar. I believe it will do the same until after the breakout of this descending wedge. ETH will rise very fast and outperform Bitcoin in the very near future from what I see. ETH should close the 5 day candle below this MAJOR red...
According to the traditional pattern, ETH has 1 more leg to drop... it CANNOT hit that top trend line again or it negate this wedge. Per Elliott Wave Theory, ETH is at the top of leg D and needs to go down to 700 before a breakout happens.
ETH old support and now its a new resistance. 4th hit breaks it and it should wick back down tomorrow and stay below to complete its measured move down to around 400
Bitcoin has dropped quite a bit and this is where whales should start accumulating. Black rock is jumping in just in time for the ISO20022 launch and ready to buy in at the bottom. Looking for a volume spike but this bear bottom has taken until February to start moving upwards. Still a little wiggle room to move both ways in the next couple months.
If you look at the Bitcoin LOG chart from the beginning of time until now, you will see a nice FIB channel formation which means it still has to hit the bottom with a level around 7.5 to 10k the 4 year cycle bottom is almost over. I've made the cycles red and green to make it easier to reference how well they corelate.
All of my HULL indicator MAs have this big dip and flip when there is a good reversal. Elliott thoughts, on the weekly we have closed candles below the 2017 all time high, but not the monthly. My expectations are that it hits 1 more lower low of around 7.5k to 10k but that's not what this chart is indicating. the 4 year cycle bottom is in. The next 2 months...
Here you can see that the 4 year BTC cycle lines up well against the oposite corelation against DXY. So much history in 20 years with some important major events to gander at. Why does the DXY drop when FTX files bankruptcy? So many questions about why the DXY moves the way it does. Is this the Bitcoin bottom? Not according to the 4 year cycle. We could be headed...
Nice wick back up inside the channel. I think this will make a bull run up to 2400 and then see where it goes from there currently still inside that bullish descending wedge and should get a breakout to a measured move.