Binance is shaping up really nicely. We are in wave X correction = 335 flat correction. Looking for wave C now. We may break below the structure in which case it will be an expanded flat correction. Entry will remain on trendline break. Trade Idea: - Entry on break of red trendline - Stoploss below the lows after trendline break - Targets: 300, 395 Goodluck and...
Following our higher timeframe overview, here we have the 2D analysis. We are currently being contained within a channel and looking for one more move higher to complete the overall correction. Trade Idea: - For a risk entry, watch for break of orange trendline and enter with stops below the lows - For a safe entry, watch for a break of the red trendline and...
Bitcoin (BTCUSD) is trading close to a pullback resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 26264.84 Why we like it: There is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level Stop Loss: 27449.01 Why we like it: There is a pullback resistance that sits above the 38.2%...
Bitcoin news takes everyone by surprise and breaks 28K support. My swing trade from 29,600 got stopped out at 28,300. While stop outs are never expected, they SAVE money in the long run. This is a very valuable lesson for short term traders who don't respect stops. My max exposure was 1300 points, while price went lower by 5K points. I can only imagine all those...
In the shorterm, we can wait for the breakout of the descending triangule. SL: 25997 TP: 26200, 26400 Risk: 0.01/0.1/1 small/medium/big accounts.
LItecoin is currently barely holding onto the 200 day MA (teal), and has already retraced heavily from its pre-halving rally peak while failing to get back into the long term uptrend channel. In mid-2019, when LTC began breaking down, it was a sign the market-wide relief bounce was over. Now, the environment is way worse. I'm not going to even bother deep-diving...
If Bitcoin loses FWB:25K , the bear market will be renewed for another 430 days. The last time bitcoin lost critical FWB:25K support, it took 270 days to get back above it. The last time bitcoin lost FWB:25K support was 430 days ago. If FWB:25K does not hold, sub $15k is extremely likely and we may not get back above FWB:25K until November 2024.
Bitcoin (BTCUSD) hit yesterday the 1D MA200 (orange trend-line) for the first time since the March 10 2023 Low and closed a 1D candle below it for the first time since January 12 2023. Can this be an early warning that the worse have yet to come? It certainly could, considering that the price also broke and closed below the Higher Low trend-line that started...
Chart Analysis: BITSTAMP:BTCUSD KUCOIN:INJUSDT The Bitcoin market shows signs of stirring from its slumber! As anticipated in our preceding commentaries, BTC is making its way towards the 18k zone. However, the strength to break through significant resistance points eluded it, just as we discussed in our earlier videos. Notably, there has been an adjustment...
CME:BTC1! CRYPTOCAP:BTC has followed my analysis from a while back. Yesterday I cautioned traders to watch for the Bearish Retest. Congratulations to those that played this ... 18.23% down and in profit! At 25.2k zone, my thought are looking for a fakeout to long back to 31.8K. 200 Daily is potential support at 25.2k. If this does not happen then short...
Double bottom? Certainly not. A double bottom pattern is unlikely to form in the descending chart. The price of BTC has the potential to decline, possibly revisiting the previous lows.
In our Higher Timeframe post on SOLANA, we identified that we were in Wave B and we were looking for one more move higher to complete the pattern. We can see that wave B is divided into 3 subwaves. We are now in subwave C = 5 waves. We've already seen wave 1 and now in wave 2 of wave C. We are looking to catch the rest of wave C on break of the red trendline and...
On a higher timeframe, Solana looks perfect from an Elliott Wave perspective. We have a nice 5 wave impulse for wave 1 and now we're in an ABC correction for wave 2, which appears to a zigzag pattern. Zigzag patterns consist of 3 major waves subdivided into the following subwaves: 5(A), 3(B), 5(C). We are currently in Wave B and looking for a move higher for...
Hi Traders, Bitcoin is still consolidating. We still waiting for the next big bullrun. Currently the price is almost touching the trendline. So there are 2 options right now: 1. Wait for new High and trade a breakout or 2. Open Position when we see a clear reversal at the trendlinie It is also possible to combine these ideas and work with multiple positions...
Hi dear friends, hope you are well and welcome to the new trade setup of Bitcoin (BTC) Recently we caught a nice trade of BTC as below: Now on a 2-hr time frame, BTC has formed a bullish Gartley for the next bullish reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck...
BTC's current trend leans bearish, possibly leading to a test of 28,840. A clear break and retest of the 29,600 (200 SMA) is the key to a bullish shift. Revisiting 28,260 remains likely and could signal an optimal entry for the upcoming bull run.
As we've seen from the higher timeframe, we are still within wave 2 correction. We appear to be making a Flat correction = 335. Wave C = 5 subwaves. We appear to be in subwave 2 of C. Expecting 3 more subwaves until we complete wave 2. No solid setup yet but if wanting to trade, SHORT trades are valid unless we break above 31.8k. Goodluck and as always, trade safe!