Remember this is only theory based on Elliot Wave theory. If we look closely RSI making huge divergence on 1W timeframe. If BTC could go up and get rejection around 30-35 area it is much more possible to happen. So time will tell.
I posted about a month ago my idea on USDJPY and how it will go. If you want to see check Related Ideas section. We all know DXY made new high thanks to Inflation. We are waiting for to enter long term SHORT position which will be pullback to 146 - 148 area. If USDJPY could get resistance from there that will be huge confirmation to enter. Our target will be 138, 132, 125.
Thanks to DXY, EURUSD pumped beautifully. We may looking at Wave 1 of Elliot wave theory. If you are willing to take risk you might enter short position from this point but I would not recommend it. Now we are waiting for confirmation ( pullback ) to enter LONG position. 1. We might see go down to 1.01 area as yellow line 2. Or we could see break 1.04 area and...
We have resistance zone around 175 and 1W RSI's making huge divergence. Our maximum target will be 140, if GBPJPY can hold above 140 that means we are still in bull momentum. if not we will see 125-130 area.
Yes as we can see Gold able to close huge candle without wicks thanks to DXY going low. 1800 will be our main target if DXY continuing to go down we will see 1900. But remember we are in bear market. There are 2 patterns telling me to go down even more. 1. Bullflag ( Bold black lines ) 2. Double top at 2070, neck at 1690. ( Bold red lines ) So going up to 1900...
Thanks to FTX unpredicted thing happened yesterday, that's why we have to manage our risks. BTC has reached 17500 area 2 times in 5 months, and able to close the candle above 18500 area. That means 18500 is holding Bitcoin great, but we know what will happen if BTC able to break 18500. This is my idea of how BTC will go
Finally gold broke the down trend resistance line with candle without wick which is a huge sign to go up. Our target will 1800 first, if gold could break 1800 we might see 1900. But remember even if it could reach 1900 we are still in bear market.
About 2 months ago I posted about BNB forming Head and Shoulders pattern. Today we can see clear image of close the candle above the neck. It can come back and retest 340 ( neck area ) in the end we will see 475.
As we can see Shiba broke the channel pattern and consolidating around 0.000012 which it stuck for last 2 months, so that means good sign to go up. 0.000014, 0.000017, 0.00002 these are the crucial resistance zone or you can take profit.
Yup it is looks so beautiful, and it is most likely to test 0.928 area.
As we can see XAGUSD forming a beautiful bear flag. It found a bottom around 19 and our next target will be 14, 12, 10. But XAGUSD most likely to go up and check 22 before go down.
ADA is forming bear flag, and it is right below crucial resistance zone (0.42). If ADA breaks 0.42 we might see huge green candles in November.
Finally FTM able to close a candle above crucial resistance level, which means huge sign of pump. FTM can go up now but it will come back to 0.236 area and test it.
If BTC can't close the 1D candle between 20500 - 21000 it is most likely to go down first before we hit 32000.
Thanks to US index BTC made huge pump which breaks 20500 area, it means very bullish. But there is still few crucial point we have to break which is 22500 and 25000. In the end we will see 32k.
As we can see we are in down channel trend which is a huge sign to go up. If channel breaks (Close the candle above 0.000012 area) we likely to see 0.00003 area, but there is one huge resistance level which is at 0.00002 area. If only close the candle above resistance we can see 0.00003 area.
Looks like we are in beautiful triangle pattern since May. And most likely to go up in few weeks. But there are few crucial resistance level before we hit 2400.
Thanks to DXY pumped up to old Lower High point which is 146. All indicators at highest level and making divergence is a sign to go down.