BNB entered an accumulation zone(flag formation). It may pump higher after a breakout. Important Fibonacci levels: -183 -215 -240 -259 -277 -300 -323
After US inflation data most of the markets start decreasing. Also, these downfalls created good buy Opportunities for investors. Like others, GOLD dropped too but different than others it's in a critical support zone that can make it pump.
In 15 minute chart BTC breakout from a accumulation zone(flag formation).
After an accumulation zone, USDT dominance started pumping and broke out from its previous channel. It also affected BTC and altcoins with big downfalls. Important Fibonacci levels: 5,67% 6,56% 7,11% 7,56% 8,00% 8,63% 9,50%
On 14 August Etherium started a downtrend like BTC and other altcoins. Different then others Etherium's graphic looks very similar to its last up run. Similar corrections and similar moves... In this scenario, Etherium can go down to 1000 again. Important Fibonacci levels: -2030 -1780 -1640 -1520 -1400 -1220 -1000
Fibonacci Levels: 25,000 23,300 22,300 21,500 20,700 19,500 18,000
Bitcoin continuing it's downtrend with distributions. Right now it's in a distribution zone(down flag formation). Important levels = 21,900 - 20,800 - 19,600 - 18,100 - 17,650 Indicators: Fast MA = Shorth Slow MA = Long Momentum = Neutral ADX = 19.56 (No Trend)
Bitcoin is getting closer to a critical support and resistance level. In the past hours, it tried to break out but bounced. We have two scenarios : 1-Bitcoin breaks out and after an accumulation pumps to the 24500 area again. 2-Bitcoin doesn't break out and we start tracking the next critical support level(20700) - CCI at -59, RSI at 46 in the short term it...
After FED's interest rate decision Bitcoin started increasing quickly to its channel's resistance level. If it's wanna breakout from the channel we need a high volume at breakout. Importing point in this situation is because of FED, Bitcoin increased without being accumulated. So before a breakout, we have to see an accumulation zone(for example flag formation)...
Bitcoin entered a distribution zone(down flag formation) again. It has a higher chance of breakout down again to complete an Elliot Wave Trend. (Not investment advice)
On July 19 Bitcoin exited its previous channel with a high volume. It's considered as a breakout by traders but the breakout didn't work. Bitcoin started going down. So it was a fakeout! However, a bullish accumulation channel (known as flag formation) appeared in Bitcoin. Will bitcoin breakout the channel again with flag formation or was it a real fakeout? We...