Hello there! This price action is very interesting. We can see a lot of bullish movement. The question is ' What is the next move? ' I am almost sure, that we are at the middle of big third wave. I can see end of that third wave around 5750 - 5900$. There I expect we can see a hard rejection, and fast drop. If my count is correct, that means we have one more...
This rally was nice. Ethereum didn't play as expected. It pump about 35% which is ridiculous. So I believe ETH has one more wave up. Using Elliott waves we can see this pump was just third wave of big third wave, which means we need to see that 5. wave. When BTC pumps ETH usually have delayed reaction. Let's catch that one more wave up. My target is that...
We saw a beautiful breakout. The question is "Is the bear market over'? Who knows that, but probably it is. On macro trend we can see that this is 3. wave forming. I think it's not finished yet. We can see that big leading first wave diagonal formed, which means this pump is just 3. wave of big 3. wave. I think 3. wave will finish around $5200, than we can...
I think B wave just formed, this "breakout" is ridiculous just look that volume. So far we saw 2 bull trap whether this will be the third? RSI showing some type of Head and Shoulder pattern. MACD is going to crossover to negative side. If you use Trend-Based Fib Extension from wave 0 to A to B, you will get that C wave will be around 0.786 Fib (3530$). Bitcoin...
Ok guys, 5 beautiful waves formed. Shooting star is forming on 2h chart (which is strong bearish signal). MACD and RSI showing big big big bearish divergence. For now i can't see him to go up. Here is my trade. I expecting ABC correction now. My target is 0.236 Fib of entire structure. In case that I'm wrong i will put stop loss just above that 5. wave. If you...
Ok guys, target almost reached, the question is, what now to do? We can see 2 shooting star candles (which is bearish). We need to be patient we have to wait for that candle to close. MACD losing his strength. RSI showing bearish divergence. This will probably be easy trade. There is too much bearish arguments. I think it will found massive resistance in that...
Corrective ABC forming. Let's wait that little C wave to complete that big B wave, and let's short that big C wave. Little bearish divergence on RSI on 2h. MACD doesn't looking too bullish, but I think Amazon will test golden pocket (0.618 - 0.65 Fib) level again. I think that horizontal resistance in golden pocket will stop this little bull market. In case that...
I think 3. wave just got formed. I'am almost sure it will retrace in near future. Maybe it will first test that big grey box, but I don't think so. If is this correct count first we will see retrace (to 0.5 Fib 2644$ in my opinion), than possible 5. wave which might make new All Time High. Overall I'm in a short now and I put stop loss just little above that grey...
Let's fast play this super bearish analysis on Bitcoin. MACD got rejected and doesn't have strength to go upside. RSI is made lower high which is very bearish on this time frame. It's several times rejected in the middle of channel which means bears are in game. Triple top formed with bearish divergence which is also strong strong bearish signal. In my opinion B...
B wave probably formed. That resistance is simply too strong. I can't see breaking that resistance in near future. Bitcoin also looks bearish. MACD doesn't looks bullish at all, RSI also. Let's see how we can play this resistance on ETH. In case that I'am wrong i will put stop loss just little above that super resistance. My first target is Golden pocket (0.618 -...
5 impulse wave formed. A correction wave is probably formed, lets catch that B wave. Here is my setup. R:R is 2.41. It think it have strength to go to the golden pocket. Golden pocket is between 0.618 - 0.65 Fib. I think there it will found resistance. If yes, then i think my theory is correct and that will be B wave, and expecting downtrend to golden pocket in...
ETH broke trend line, test it twice and get rejected. Stop loss is above 200 MA on 30 min chart and above trend line. I think ETH is going to finish C wave. BTC looks also bearish. Golden pocket is probably be long scalp zone. If you like my analysis and trade click that like and follow button. Thanks!
Possible double top, with big bearish divergence on RSI. MACD is going to crossover. Let's see how much long this trend line will act like support. Expecting to see downtrend to 0.382 Fib (13.15$). Bullish momentum is decreasing, volume decreasing also.
Second wave probably formed. I think we can expect 3. wave to at least 0.382 Fib (2639$). Here is my trade. Risk/Reward ratio is 5.59!!! In case that I'am wrong i will put stop loss just a little above this massive resistance on 2814$. In my opinion, chance to break that horizontal resistance is very very low, not impossible, but very low. Overall I think this...
New fakeout, bloody Monday like I said in my previous Idea. Trend line is broken, expecting downtrend at least to the golden support. Support for now is 200 MA on 2h chart, but in my opinion not to strong support. Lets see how fast C wave will come.
Clean 5 wave down. ABC probably formed. Was that crash just A wave, and this little retrace was B wave? Are we waiting for a big C wave? Bullish volume decreasing. On macro trends golden pocket (0.618 - 0.65 Fib) was a nice support,but will it be again? Bullish golden cross (55 MA above 200 MA), but it can be reversed quickly. MACD and RSI looking...
Are you ready for possible bloody Monday? Bearish volume increasing, trend line probably broken. Is this was fakeout? RSI support didn't hold! MACD looks so bearish. Is B wave finally formed? Looking for C wave, at least at golden zone!
5. wave probably finished. Hits 1:1 Trend-based Fib confirming that it is 5. wave. MACD and RSI shows bearish divergence. Parabolic moving. It will retrace at least to 0.382. B wave probably formed looking for a big C wave. 0.382 Fib (13.15$) possible buy zone for small gains.