An inverse H&S has been formed and retested in the neckline, so I spect a good upside momentum these days (at least until H&S projection reaches its objective), which is in line with market sentiment right now. But remember, we can't say we are bullish until we make a clear break of 70k USD.
This is a very bullish combination: H&S inverse confirmed at the time an important resistance is broken. It seems that we are going to be bullish on bitcoin at least until we reach the H&S projection (red line). But don't be fooled. Bitcoin continues to have a bearish behavior (in medium timeframe) at least until the 70k barrier is clearly surpassed.
The price according to Elliot waves has finished the correction of wave 4 (which was a double combined correction wave WXY), finding support at 50% of wave 3, and at the green line. Now wave 5 is going to develop, which is weak, and I don't think it will be enough to take us to the 100k that so many people are waiting for. The target price for wave 5 is between...
FTM (fantom) Right now (blue) vs FTM aug/2021 vs FTM nov/2020 Would this behavior repeat again? Looks like always when this coin reaches a 78,6 fibo correction, after that, explodes strongly.
Wave 3 reached 300% fibonacci extension (73.8k) and now we are in wave 4 which was predicted since late days of february. However, this corrective wave (4) may not have ended yet, since due to the extensive length of Wave 3 (300%), a deep correction is expected, possibly reaching the 61.8% level of Wave 3 (44k) or 50% (49.3k). Here are the levels to which...
To be honest, Bitcoin seems very negative both in the graphs against the dollar and against gold, but nevertheless against the SP500 it seems very positive as long as it does not break the two supports (black line and red line) and manages to overcome the orange resistance .
Right now no one dares to go long on altcoins even though there are excellent entry signs... this is the moment when good investors enter the market. Likewise, when the market is very bullish and there are signs that a decline is coming, retail does not dare to sell and good traders sell. Exit (stop loss) the trade only if 4H candle closes below low part of the channel.
(6/1) Means, in this profile for the past 7 trades, 6 were successful, and 1 were wrong. In this case there are two important supports (black lines) and the 1,618 fibonacci extension was acomplished.
In order to know what the direction of the crypto market will be, we must go to Bitcoin first, but if it does not give us a clear analysis, we go to Ethereum. In this case, excellent Elliot wave behavior can be seen. Wave 3 arrived just at the point it had to reach, and so did wave 4. Right now wave 5 is developing, which tells us that it will reach the previous...
Price has formed a bullish flag (orange). Recent price drop has been because of Black Rock's lack of purchases, Chinesse ETF boughts below expected, and some other negative news like CZ arrested, etc... If price closes below first gray support, would be a bearish escenario. If we close today above 61k would be a positive signal. Stay tunned
looks buy to buy in spot right now Besides the rejection from purple support, it has been rejected from 61.8% fibbo, what tells me that correction is over and now we are goin to wave 3 (very bullish). projection of wave 3 is around 5 USD (x4)
I'm not fan of this altcoin, mainly because it has a large market cap (which means most difficult to grow), but what we can't deny is the fact that it's a coin which has been doing it well since ever... Besides that, this coin is the second to grow after bitcoin pumps. Now, talking about the chart, you can see price is about to break main resistance (red) and is...
(6/0) Means, in this profile for the past 6 trades, 6 were sucesful, and 0 were wrong. In this case, this trade is supported by 3 reasons -Gamecoins furor -BTC is doing higher highs -Currently price of BIGTIME is just over 3 supports Happy trade!
In the chart you can see two patterns, the bullish triangle (black) and the bullish flag (orange), which give the next minimum objectives for the price of Ethereum 3257 and 3122 respectively.
#BTC Update My main projection (56k) was smashed strongly, So there is only one possibility (according to my analysis) of a price target before having a considerable pullback... this possibility is the last one (approximately 65.7k) whose price coincides with the all-time highs of BTC. This would only be wave 3, then wave 4 would come, which would make the price...
Hello dear friends and followers of my analysis... on this occasion I explain one of the reasons why I believe that the price of bitcoin has not yet reached its maximum price in this bull run, and for this I base myself on data from the past ( left graph) at the time when the first bitcoin ETF in futures was launched, which was October 19, 2021. I think that the...
My idea is so simple... if price rises above all 3 blue lines, we will have a bullish scenario (its what I consider is going to happen soon), but if price falls below pink lines, we'll have a bearish scenario to 40k at least.
(5/0) Means in this profile for the past 5 trades, 5 were sucesful, and 0 were wrong. Very good opportunity to enter both short and long term, this is a very good coin, and looks like in this alt season the protagonists are going to be the exchanges.