Bitcoin (BTC) has been in a corrective phase, retracing to catch up with the 50% Fibonacci levels from its all-time high around $70,000. After completing a five-wave decline, BTC found support around the $18,000 mark, initiating a corrective move towards the $40,000 zone through a five-wave ABC correction pattern. As of the current analysis, it appears that BTC...
On a weekly time frame, the Brazilian Real has experienced a downward trend since 2011. There are several reasons that have contributed to the market's inflation and the weakening of the Brazilian economy against the US Dollar. These reasons include factors such as job vacancies, high crime rates, corruption, and a complex tax system. The chart analysis...
Bitcoin Analysis: Technical and Fundamental Factors to Consider Bitcoin, the world's first decentralized digital currency, has been the subject of much discussion and analysis since its inception. As with any investment, it's important to conduct a thorough analysis of Bitcoin before making a decision to buy, sell or hold. Here, we'll explore the technical and...
Bitcoin Update: Resistance at $29,000 and a Potential Correction to $24,500 As of April 5th, 2023, Bitcoin is trading at around $28,000 USD, and the price has been trying to break out of the $29,000 area for the past two weeks. However, there seems to be a lot of resistance there, pushing the price down to the support levels at $28,000 and $27,600. On the other...
Gold Price Forecast in Light of Finland's NATO Membership and Potential Conflict in Europe With Finland's recent entry into NATO, there is increasing speculation about the potential for conflict in northern and eastern Europe. As tensions continue to rise between Russia and NATO, the price of gold is likely to see a significant increase. As a safe-haven asset,...
Good day everyone. well as you see in charts if USA and other big players haven't found any way out for current political and financial issue, we will see a capitulation on Stock Markets specially in USA .. so be careful. so next target will be at 2000 pts area which will be marked technically in Elliot Wave Structure WAVE C !!! More Geopolitical and...
Recent Price Movements and Potential Future Outlook XRP, also known as Ripple, has been in the news recently due to some positive developments, which have led to a price increase. However, the price of XRP has been volatile and has experienced significant fluctuations in the past few weeks. In this article, we will analyze the recent price movements of XRP and...
Good Day Everyone Bitcoin's Consolidation at 28/28.5k Areas Suggests Possible Retest of 25k Areas Bitcoin, the world's most popular cryptocurrency, has been consolidating in the 28/28.5k areas for some time now. This consolidation phase suggests that a possible downside move may be in the cards, with the 25k areas being the likely target for a retest. One of...
GOOD DAY FELLAS Gold, represented as XAU USD, is currently trading at 1980 USD. While many market participants expect gold to break its previous high of 2080 USD, there are diverging opinions on the future price direction of gold. In this analysis, we will explore the fundamental and technical factors that could influence the price of gold in the short and long...
Good Day Everyone It is understandable to feel cautious about investing and trading in the current geopolitical climate. There are indeed tensions between several countries, such as China and the USA, Israel and Iran, and Russia and NATO, among others. These conflicts could potentially escalate and lead to a full-scale world war. However, it is important to...
i believe that tesla broke a major support zone and heading down to 65$ area .. its good to wait until that point within next few months then buy it for a long investment this is not financial advise .. trade on your own risks
good day everyone, first this is not a financial advice but i am posting what i see now in the market ... here we have the harmonic AB=CD bearish pattern if you want to play it make sure to stop above point D targets shown on chart please do not use high leverage to avoid liquidations good luck Description : The initial price swing moves upward...
Hello everyone .. first of all, this is not a financial advice it's just a view how i see the market depending on few studies that we have been passed through specially in bitcoin Fundamentally: BREAKING: The FTX hacker is selling thousands of ETH and buying wrapped #Bitcoin Technically: as we spoke before that we already spotted a symmetrical...
hello everyone ... first of all this is not a financial advise .. but i have spotted a descending Abcde triangle on 4h time frame .. well since i do Elliot wave analysis i do believe that we could see a retest for 18-19k ish areas .. however, things might be changed if this pattern played out and hit his targets as of the above chart .. between 14-15k ish...