Level_One

Level_One

The major Bullish trend line below the current price is aligned with the 1D EMA200. This should provide significant support if the Bull trend will continue. Watching for Bullish Divergence on RSI during the next swing low or double bottom before breaking out of the resistance trend line above. Waiting for confirmation before making long entry. What do you...

Level_One

I will be watching for head and shoulders or double bottom reversal out of the descending wedge. A potential example is shown, 29K trend line can provide support, 1W EMA50 and EMA100 could provide resistance targets. This Idea is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.

Level_One

SOL is just above the 1 Day EMA 200. This idea is to buy when crossing 130, Target around 200, Stoploss 1D EMA 200 (approx. 119). I'm not a financial expert, not investment advice, just an idea.

Level_One

Just an idea. Volume is low so I think there is a good chance we drop back down to $43k support soon. A bounce and rise from there will create a reverse head and shoulders and hopefully give the momentum needed to break out of the large symmetrical triangle that has formed since the last all time high in April. Symmetrical triangle is a continuation pattern so...

Level_One

Large bearish ascending wedge has appeared. This should mark the end of wave 3. Time to exit and wait for wave 5. Enter when BTC hits 40,000 - 42,000 range and shows signs of reversal. I will be looking to purchase WAVES, ALGO, RVN, ETC. What alt coin do you think will perform best during wave 5?

Level_One

Expecting another 20 - 50% breakout when this triangle completes. Any thoughts?

Level_One

Everything lining up. Could drop big any moment.

Level_One

Here is my analysis of Bitcoin using Elliott Wave Theory. 4/15/21 we completed wave 5 after an extension on the 5th wave. Hopefully, we just completed the first leg of WXY correction. Next we go up 40-60% of wave W to $56k - $58k Last leg down (Y) should equal length of first leg (X) to $42k - $44k Then up to new ATH Let me know what you think!