Today crypto market is in red following wall street due to inflation rates concern, soaring energy prices, different shortages, etc... I see in short term a bearish symmetrical triangle going to around Fib 0.786 (36-38k range) after we can have a bullish falling wedge pattern with a target at Fib 0.5 (46-48k). Maybe the symmetrical triangle can be invalidated and...
The Elliott waves theory seems to confirm the last wave C that must be at least as large as wave A and often extends to 1.618 times wave A or beyond. So following my previous analysis we can still go down to 36k which is the golden ratio (1.618) of wave A and confirm Elliot wave theory but from now it is also valid. Extracted from the relationship between Elliott...
- The price reached 50k$ as predicted but could not stay at this level. - Support trend line broken. - There is a RSI divergence. - Low volume - Jackson Hole meeting should give us some bad news I see a drawback till local fib 0.5 around 39800$
BTC broke big resistance trend line and should rally to main resistance of 50k, after that I see a fall till 15-20k.
Waiting for the 35500$ resistance breakout confirmation and resistance re-test. BUY: 36k SL: 30k TP1: 41k TP2: 43k TP3: 47k-50k
Tesla has drawdown to EMA200 and low stoch. It has potential to grow again
We are actually in an important phase for bitcoin future price movement. If the symmetrical triangle is broken at support line, the bearish pattern can be confirmed and the price can move to 20k support. If the triangle is broken at the resistance line, a short squeeze may occur. In that case we may see an upward movement till 50-52k resistance around Fib 0,618.
BTC reached Fib 0.382 and SMA100. Stoch indicator reached low. BTC should now bounce to Fib 0.618 and resistance trend line around 51k$ and if it breaks it, we can see upper prive movement to 57-60k$. Previous BTC short idea closed successfully! Stop loss: 42500$ TP1: 51000$ TP2: 57000$
With the economic reopening after covid-19 crisis, S&P 500 will rise to somewhere between 4,700 and 5,000 before falling 30 to 50% (previsions 2021-2024). I'm looking for a trigger event ( black swan ) like a big war associated to a big inflation. It will be also an opportunity to buy cheap stocks for long term. important indicator to follow: www.multpl.com
ETHUSD reached almost 4k$, a psychological number. The RSI is showing a bearish divergence. BTC could not retest 60k$ and should drawdown to expect a new retest later. We already closed profits in other trade for ETH. So looking now for a short till Fib 0.618 & support trendline towards the 2500-2600$.
BTC could not retest 60k and need a drawdown to SMA100 and Fib 0.382 around 42500$
It is looking like Elliott waves theory.
ETH/USD is forming very bullish pennant pattern. March futures are closed. The market is consolidating and ready to break out the trend line of the triangle. Buy now SL: 1500$ TP1: 2500$ TP2: 3000$
Need to break the resistance around 18000$ to confirm the trend reversal. In this case, the target will be 20000$.
fundamental: www.forbes.com TP: 7.90$
The market is consolidating and ready to break out the trend line of the triangle. TP1: 46$ TP2: 60$
The market is consolidating and ready to break out the trend line of the triangle. Buy now SL: 0.69$ TP1: 1$ TP2: 2$
The price bounced around 0,786 Fib level and formed a bullish channel. It's going to around 14600$ (0,382 Fib level) with two resistances: first at 11500-12000$ and second at 13000$ (0,5 Fib level). - Buy now - Stop loss: 8000$ - TP1: 12000$ - TP2: 13000$ - TP3: 14600$ - and more for longer run.