Bullish Flag
EUR USD Bullish Idea based on three patternsEUR/USD
Bull Run seems coming as the following three patterns are all inclined towards a bull run:
1- Cup and Handle.
2- Bullish Flag.
3- ABCD.
The take Profit has been set on the lowest of the projections of all of the three patterns to remain at a safer size while the Stop Loss has been set according to the Dow's Higher low.
Bitcoin BTC - 250 000 USD next target! Bull market continues.
I think there is absolutely no time for a multi-year bear market at this moment.
We had exactly the same correction (73%) as in 2020, and after that a massive bull run started.
As per my Elliott Wave analysis, we are still in the bull market of an impulse wave and we need to finish it.
An ABC correction (ZigZag 5-3-5, wave 4) has been completed successfully, and we can simply continue with a final wave 5.
We can reach 250 000 USD next year, probably around December.
2017 swing high support successfully acted as a resistance in 2022 and the bulls successfully defended a possible bear market.
The price is now above the 200 moving average. This MA is considered a very strong support zone by huge institutions and hedge funds.
As you can see on the chart, the price is printing a second bullish flag / falling wedge and also a parallel channel on the log scale.
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
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BTC Pressured Below $24,000; Is $26,000 conceivable?The present Bitcoin value examination is showing financial backers' combination mode. As the cost expands the earlier day's sideways development in a scope of $23,400 and $24,000. The greatest digital money by market cap has been exchanging with an unbiased to a somewhat bullish predisposition.
BTC cost exchanges higher with unassuming additions on Saturday.
The development of two-sequential candles recommends hesitation among brokers.
A solid obstruction playing around $24,200 and $24,400 zone.
As of composing, BTC/USD is perusing at $23,899.05, up 0.47% for the afternoon. The cost has been uniting beneath the $24,000 mark however the drawback is very much covered close $23,700. Assuming that the value figures out how to hold over the meeting's high of $23,978 more potential gain should be visible in the coin.
On the day to day diagram, the BTC cost examination shows that the cost has been exchanging a rising wedge development. A rising wedge is a negative continuation specialized design. Nonetheless, the cost is agreeable and sits over the basic 20-day and 50-day EMA's showing a bullish fundamental opinion.
An everyday close over the referenced level would make ready for the mental $26,000 level, This likewise concurs with the upper trendline of the wedge development.
The MACD oscillator shows that the bullish energy is supporting over the midline. The RSI (14) is right now exchanging close to the 59 level, which shows that the market is in bullish mode and is a long way from overheating. Any increase in the markers would reinforce a bullish breakout out of the ongoing union.
The 24-hour exchanging volume of BTC dropped over 18% to $32,530,459,847.
Then again, a break underneath the meeting's low would tempt bears to go into exchange. All things considered, the cost could meet the 50-day EMA at $23,191 followed by the low of July 24 at $22,263.
Prime time for soybean meal?Similar to our previous idea , we think grains are primed for a move. With soybean meal futures jumping over 10% from last week, some technical set-ups have come into play.
Firstly, the September soybean meal contract shows a 7-month head-and-shoulder pattern which failed. A broken right shoulder suggests bullish strength.
Secondly, the December soybean meal contract is showing a bull flag that is breaking out, which is also a bullish signal.
Combined, we believe soybean meal futures are primed for an upward move with both technical set-ups proving bullish.
Entry at 435, stops at 420. Targets at 468 & 490.
$HOOD Fibonacci, Bull Flag, Trend line Retouch, now we go up?This chart is similar to the chart for WISH, in my opinion. Similar, yet holds a few critical differences- primarily, the trend line placement & consolidation since March 29th. It looks to me like the price consolidated in this wedge, is being held up, formed a bull flag, came back down to touch it, & in doing so has consolidated further on the fib levels of a fibonacci pattern, & is due to move upward.
Unless, of course, there's a whole lot more sideways action.. As we see with WISH.
*Not trading advice.
DOTUSDT Preparing a HUGE Run-UpHi Everyone,
Yesterday we mentioned that BINANCE:DOTUSDT was making a Pullback into the 0.5 Fibonacci level and it almost touched it.
After breaking above the falling wedge (bounded by the yellow lines),BINANCE:DOTUSDT after that it consolidated for many hours in a tight range inside a wedge.
As of right now, we are inside a Bullish flag, at its resistance level precisely. If it closes above the pattern, we might buy at the retest of the flag. However, if we don't break it, we will most probably look for a buying opportunity at support (of the flag).
Bitcoin BTC - Ready for another pump! Wedge + Elliott Wave
This is my quick update on Bitcoin on the 4h chart (local price action).
Price is still holding the major support zone (21 700 USDT - 22 000 USDT) and that's why my bias is still very bullish!
We have an incomplete rising wedge, so there is a great chance for another wave to the upside.
As per my Elliott wave analysis - we are basically in the middle of this "huge" Impulse wave!
There are a lot of Elliott waves combinations, but i think this is most probable scenario.
Look at my ideas about interesting altcoins in the related section down below ↓
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My second alternative Elliott wave count. We have a leading first wave diagonal here.
Bitcoin BTC - New bull market just started! Elliott Wave + Wedge
The price is currently above 22 000 USD and we have had a capitulation wick to 17 600 USD to kick out high leverage traders.
I do not see any reason why bitcoin should not respect the previous all time high support from 2017 (around 20 000 USD)!
Bitcoin on the weekly chart is currently sitting on the main support: Previous 2017 Swing high + 0.382 FIB + ABC correction completed!
The price is forming a falling wedge pattern, which is definitely a good sign that can lead to a new bullish trend.
As per my Elliott wave analysis - ABC correction (ZigZag 5-3-5) should be completed successfully and we can start a complete new impulse wave.
Only Bitcoin is a safe bet for the longterm. It's the best store of value and altcoins are awesome for short-term to mid-term massive gains.
I expect tremendous pumps for selected altcoins, you can find them in the related section down below ↓
For more ideas please hit "Like" and "Follow"!
TOTAL crypto cap - New bull market! Bull flag + Elliott wave
We have a tremendous confluence to buy cryptocurrencies for a long term at this moment!
It is a common thing to test the previous all time high (in this case from 2018) on the weekly chart.
200 moving average is considered as a strong support by huge instituions and hedge funds and bulls successfully defended this area!
0.382 FIB retracement is also a noticable support level on the LOG scale.
As per my Elliott Wave analysis - ABC correction has been completed on the macro scale and now we are ready for another bull market!
We have a falling wedge or a bullish flag - noticeable patterns on the weekly chart.
Look at my ideas about interesting altcoins in the related section down below ↓
For more ideas please hit "Like" and "Follow"!
Moment of Truth- Will $BOND breakout of bull flag & continue up?After yesterday's huge price movement, a retracement was definitely to be expected. We've formed a pretty solid bull flag on the hourly and we're just about done working out way through it. The price is pretty bottomed out IMO, so there really isn't anywhere to go but up unless we trade sideways instead..
*Not trading advice
LTCUSDTPRICE ACTION:
• A steep upwards price action initiates from (1) till finding first resistance (2), creating the flag's pole.
• Price action reverses direction from (2) and forms lower highs and lower lows in a narrow flag formation till it finds the lowest support in the formation at point (3).
• The pattern is completed when price action reverse direction from the last touch to the lower flag border and goes upwards till it breaks the upper border at point (5).
Bitcoin Bullish pennant?Neckline still not broken, under resistance of the upper channel, bullish pennant possibly in the making while consolidating under the channel high.
Would not want to stall too much here as I think in that case we'll break down back into the channel.
Let's go bulls! Still need to break that neckline imo.
Bitcoin BLX - Elliott wave since 2010 + Trendline still holding!- On the monthly scale there is a holding trendline with 3 touches established in 2015!
- The price is currently sitting on the trendline, so it is still very bullish at this moment.
- If we take a look at the RSI indicator, we are exactly in the buy zone.
- As per my Elliott wave analysis - we are in the massive wave 3 as you can see on the chart.
- Bitcoin is above 20 000 USD and above previous ATH from 2017 - again very bullish .
- We are currently above 50 monthly MA - holding since 2015.
- With my conclusion Bitcoin is a strong buying opportunity at this level.
- Look at my ideas about BTC .D and TOTAL crypto cap in the related section down below ↓
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Bitcoin BTCUSD - Complete Elliott Wave + Falling wedge! (weekly)- I do not see any reason why bitcoin should not respect the previous all time high support from 2017 (around 20 000 USD).
- The price is currently above 20 000 USD and we have had a capitulation wick to 17 600 USD to kick out high leverage traders.
- Bitcoin on the weekly chart is currently sitting on the main support: Previous 2017 Swing high + 0.786 FIB + ABC correction completed!
- The price is forming a falling wedge pattern, which is definitely a good sign that can lead to a new bullish trend.
- As per my Elliott Wave analysis - ABC correction should be completed successfully and we can start a new impulse wave.
- If we check the MACD indicator, we can spot a bullish divergence and the first bullish tick on the histogram!
- If this Elliott Wave analysis is wrong, then anyways we should go back to 28 000 USD to retest the 0.618 FIB level + trendline of the wedge.
- Look at my ideas about TOTAL crypto cap and BTC.D in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!