Quick update on Btc.. We're piercing important levels without any significant jumps so far.. This makes me think we might be in the impulse wave 3 right now and target for the time being is 1.618 or level just above it.
$7350-7450 are levels to take profits IMO before re-entering higher later on. Final target on this move is $6600-$6200 depending...
Hi. Wanted to make quick update of what could be next on xrp/usd pair.
From technical point of view, monthly supply needs to be tested before a real reversal can occur.
BE CAUTIOUS OF POSSIBLE SPIKES TO $0.28-$0.285 before eventually going to the targets. (Not saying it will happen, but it is possible)
Target is monthly supply at $0.259 with possible moves...
Wanted to make final macro view perspective on how I see things playing out based on the knowledge I have on curve projections and wave counts in crypto.
I didn't put wave count on the chart to keep it as clear as possible. It's clear that we're gearing up for the final 5th wave up on logarithmic chart..
Pivotal point / strong buy signal occurred on Nov 4th. But...
Hello traders. Check my previous ideas to see what's next on BTC/USD price action.
Wanted to share this intraday idea with you guys.. Maybe it will help somebody on their entries..
I'm looking at this recent move as a bull trap in short term.. We didn't reach crucial blue zone just below and stopped at $8680..
We need more liquidity to go higher and strong...
Hope you're enjoying this weekend so far! Wanted to be unbiased and share what could be the real head-ache for both sides.. And most likely happen to crush both sides.
I want you to start thinking outside the box in crypto trading.. That's one of the ways to be very good trader here..
This time I used pitchfork tool for you to see what I mean.. And...
Just wanted to make quick update on the charts that I posted previously. I look at this as a bear trap and short squeeze.
Might spend some time below this range. the longer we go sideways under this range - the better. Distribution takes time and whales need to open longs while more people short.
First target that I'm looking at is ~$10900...
From what I see we're forming Adam & Eve or some might call cup and handle. Regardless - both are bullish patterns.
Measured moves targets are shown in the chart, but as many of you know, they can be well overshot depending on liquidity and the exchange you're trading at.
First target as profit taking from current zone could be seen at...
Couple days ago I posted my idea of bitcoin re-testing $8600-8400 zone before heading towards 12k.
I'm changing my mind for the time being.. I'll share bunch of thoughts that are going through my mind right now..
What if market wants "orange box shorts" to suffer and liquidate more people?
What if we are going after traders who opened shorts in...
Hey. Wanted to make bullish scenario of what I see right now.
I was expecting expanded flat abc correction here on xrp, but I start to lean towards bullish scenario.. It takes too much time for us to finish that B wave. We are slowly moving higher looking at weekly and that should give us confidence that there's a lot of room for growth..
If that's the case,...
Couple of days ago I posted bearish scenario. Time for bullish outlook for coming weeks ahead.
After huge momentum to the upside we actually closed above the trendline which held well over 3 months. Now a re-test of weekly supply is very likely. Watch for that weekly close, do not rush into trades. Better to enter later once we get confirmation. :)...
I'm happy to announce that our $9200 & $9800 targets has been reached with confidence!
We printed new low, I did not expect that to happen tbh. Although final targets reached with confidence.
**If you open trades with me, open them with very small leverage in order to be safe. This type of volatility in the market can easily take you...
On my previous idea I expected a usual ABZ Zigzag top at 0.618 retracement. We got as high as 0.786 / ABC is still valid here folks.
Measured move would take us to $0.197.. My target is $0.193. Keep in mind that high volatility in those regions might hit lower levels in different exchanges. *Although I do not see it going lower than $0.176 for the...
Price now ranging in strong monthly supply box until momentum picks up.
Crude oil should slowly go up towards $62 - $68 monthly supply or "range of interest".
For those that want to go long, green box should be zone to place buy orders with ~$67 as a take profit.
MACD suggests that breakout should come in any direction quite soon on weekly/monthly basis.
Monthly supply zone held very well and now consolidating just below it.
Closing the month below $1520 would send us back towards $1380-1420.
Buy anywhere between @ $1380-1420 with take profit @ $1622.
Patience is needed trading higher time frames. I make these charts for multi-month swing traders & investing...
Wanted to post an update on DXY after 7 months since my last update.
Not much changed since then, I'll attach the chart from March.
Plenty of momentum left as we slowly climb towards 103-104 mark.
*Note that precious metals might strengthen with dollar at the same time.. It's abnormal - tide is shifting and flood could come soon...
Monthly supply range(blueish) held perfectly well and now we are due for a retest lower.
*16.60$ - was never re-tested after a breakout and now should be a point of interest for investors.
We should see it being re-tested very soon. MACD suggest that there's plenty of momentum left & $16.40 in November - very likely.
Next target is $23.
Hi traders. Hope you are having a great week!
Looks like consolidation might be over here on Bitcoin.
Elliot wave count looks messed up as 1st and 3rd waves are almost the same in size. Don't be fouled, it's not 3 wave move or (ABC). What that means then? It means 5th wave is going to be hyper - extended to compensate this bullish (short term) momentum.
Hi. Wanted to make bearish scenario for xrp, which right now seems possible as we bounced of 0.618fib.
ABC pattern is valid in this chart. 3/3/5 is general rule for correction patterns. As you can see we have two smaller abc's and now awaiting for C to complete. As you might know, C wave is always impulsive and has 5 legs.
Drew this to to share some light. Even...