My weekly forecast of bitcoin for the week of 03 June 2024. I see bitcoin going lower to take out some liquidity and close an inefficiency (FVG) lower. That would then see us have a break in structure to the down side, so then looking for lower lows in the months ahead.
when a diagonal pattern forms our structure changes to 3-3-3-3-3 instead of 5-3-5-3-5. Im counting ABC zig zag formations in the first 3 waves which leads me to believe an ending diagonal pattern is taking place. Im seeing wave 3 completed at 2432 area and because our trend line from wave 1 to 3 is expanding this gives us an indication of a deep wave 4...
BEL USDT has been in an accumulation zone for 46 days now on this shorter time frame, we just got a breakout followed by high volume i see us slowly getting ready for a move to the upside
Bitcoin (BTC) has recently approached its all-time highs (ATH), facing significant selling pressure at this level. Despite this, the most recent wave remains bullish, and positive macroeconomic news like the potential approval of spot ETFs and encouraging CPI data suggest continued capital inflow into BTC in the near future. Currently, the price is consolidating...
The USD/JPY pair has recently reached a 4H Order Block and reacted accordingly, but the most recent minor wave is still an upward movement. To confirm a potential sell entry, we need to wait for a reversal break. Here's a breakdown of the situation: 4H Order Block: This is a significant area of previous buying or selling pressure, and the price reaction...
When the GBP price moves within the zone between the daily resistance and the 4-hour support, it indicates several possibilities: Market Situation: Temporary sideways movement: The market is in a consolidation phase, with the price fluctuating within a narrow range. This could be due to traders waiting for more information or new catalysts to determine the...
We can go both ways, so i've pasted by view, there is also a video that walks through it. My longer term view over the next few months is bullish on DXY
Weekly forecast of DXY for 02 June 2024, i think we can go either way and that represents opportunities on both sides with tight stops.
This is my weekly forecast of Gold for the week of 03 June 2024. We are still in a sell program, so i forecast lower lows to come. I'm looking to short next week for targets down near 2260
My view is that we are still in a sell program, so lower lows to come, I'm looking to get short next week for target at liquidity lows
I like this setup on a low risk sale at 10920-50… see if it plays out.
Hello friends, If we make higher high and higher low and touch 68500 level these will be my indication for starting the Green C to reach to Blue X. Thank you for joining me in my analysis. Remember to like, subscribe, and stay tuned for more updates. See you soon! Thanks, Bros
NVDA chart is as bullish as it can get. Monthly close is as strong as it can get. There is nothing bearish about this at this moment. And this is where I get my spidey senses tingling. I am looking at a couple little things to be cautious. 1. Price hit the 2.618 fib extn from cycle wave 1 and 2. This is as good place as any to complete primary wave 3. ...
NASDAQ:NVDA on weekly produced a bearish evening star candle, which coincides with bearish RSI divergence on the weekly and also 5 waves complete from Oct 2023. More downside is expected, as seen in 1 hour chart where the first 3-wave (wxy) drop in the last week of May had RSI divergence which needs to be erased in a double correction. Likely drop to at least...
We see that the price just let a huge profit, and hit demand zone !! So we are waiting for an confirmation and we can buy !
A minor Elliot Wave finishes. Waiting for bearish E.W. to form. Awaiting retest on boxes. USD will weak it's power so USDCAD will probably show strong bullish movement.
Contrary to the previous setup, I have seen a scenario where the invalidation level could become a stop hunt, so what to do is simple; either cut position in half to reduce risk or hedge it with a spot or just close the entire position right now at a minimal loss. BINANCE:LTCUSDT PREVIOUS ANALYSIS OTHER ANALYSIS