Most of you are still in a bearish sentiment with Tesla. That's why I want to show you a bigger picture and why I'm longterm bullish. Tesla is one of the best stocks that plays with the rules of technical analysis! As you can see, the chart moves perfectly inside a fibonacci channel. Let's start with some wave analysis: Now let's look at the retracements and...
The news are great, the fundamentals better than ever, but the stock is dropping. WHY? The big reason is, that big money wants to buy your share before the next bull run. Therefore they try to push the price into liquidity zones where a lot of Stop/Losses are triggered. 250€ and 200€ are important Fibonacci targets which act like magnets. Bull Case:...
After the last ATH, Biontech corrected quite swiftly with up to -31% on the swing low. Let's analyze where we are going most likely to trend next: First look at the bigger scope: Lower time frame: Wave analysis: Targets: What will happen afterwards?
Biontech had a run of 135% from April to May but also tanked up to -35% in a short period of time due to the Biden patent waive statement. Nevertheless, the FUD is over, we are still in a bullish momentum and the fundamentals are looking better than ever. Bear in mind, I'm drawing only charts here, eventhough my bullish forecast is also backed by the earning...
The stocks of Biontech could be one of the best in the near few month. To eleborate this statement I have to do a quick review of the last weeks: 1) We are moving in a clear parallel channel and hit the upper border line. It was also an 1:1 extention of previous higher highs and lower lows. On a technical standpoint it was normal to see a drop. Furthermore,...
Just a pattern comparison. No forecast.
The sentiment is bullish like never before. No one has a fear for a big drop anymore. Everyone is waiting for the Alt season. Everyone has their dumb friends who are starting talking about Bitcoin again. All Time High over All Time High... We are currently in no man's land and nobody can predict the real target. All we have are Fib Extentions and those are not...
We are moving currently in a Fib Channel. Above and under the channel we are in the liquidity zone for the big players. All up and down spikes were caused due to a short/long squeeze, like our last upwards spike. In a nnutshell, we are still heading downwards. But be patient! Tight stop/lose if fomo kicks in!
Just a quick Candle Stick Analysis. Short term target: 9500$ Long term target: 7000$
- We are moving in two perfect fib cannels currently. - green ABC waves = perfect 1:1 extentions - yellow ABC wave = 1:1 extention with the same target as the golden pocket - golden pocket (0.618-0.65 fib retracement) same target as the long term horizontal support - 7000$ would be a perfect retracement target PS: Technically, we are still in a bear market. The...
Bitcoin has failed the third time an upwards rally in a row. Hence our current dip is stronger than usual. In a symmetrical triangle you have in general a 0.618 Fibonacci relationship between the falling waves. But it's more important that you have a consistant relationship. In this case, we should have a 0.786 relationship, which would also fit with the lower...
Bitcoin is still on a threshold between a longterm reversal and a downtrend towards 5000$ Nervertheless, the bullish signs becoming more and more intense lately. 1) 21 EMA The 21 Exponantial Moving Average on the 4 hour chart acting like a good support recently and we are acutally bouncing of it again. 2) 200 EMA Currently we are bouncing of the 200...
The last upwave was stronger than the most of us expected. (we've broken a 1.168 extention) Now we have formed a perfect leading diagonal, which is wave 1 of a possible starting Elliott Wave. Inside a diagonal, the perfect pattern would be 5 times an ABC wave, which i can easily construct. Nevertheless, a retracement is highly possible now due to the fact that...
Just a quick TA for Ripple. Not much to say about it other than: SELL PS: DYOR
I know that you guys want to see the next bullrun of Verge, but i would be currently very very cautious with this coin! The bounce of the red line was expected and normal. But it's not certain if the support will hold. 330sats are the crucial target. After that we will drop to a price nearby 170 sats. A 1 to 1 extention of the ABC correction would hit the last...
Looking on the RSI, we can see a reversal everytime when we hit an oversold situation, only despite on the last one. Furthermore we are forming a triangle, in which we are currently at the 4th wave. Hence we should see a small upwave and then a big last downwave due to the RSI! The small upwave: There are many different legit counts currently, but one of them...
After the drop below the big red symmetrical triangle we are in a clear downtrend now! This article tries to show the next big targets for Bitcoin. For a bigger overview you should read my last TA first: 1: Elliott Wave to 6000$ 2: Retracement of a parabolic uptrend There is a rule of thumb for the retracement of a parabolic uptrend. We should retrace...
The current situation of Bitcoin is quite difficult. We are on a clear treshold. A lot of traders are saying that we are on a clear downtrend, but the same amount of people are claiming that we will have our reversal soon. This article tries to sum up all important information you have to need! 1: Retracement of a parabolic uptrend: There is a rule of thumb...