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A-flat

PEPE - 77% crash ready, but re-buy exactly here! (best meme?) I think PEPE is a great coin, but we need to buy it cheaper. The 0.618 FIB retracement is a reasonable level to buy the PEPE coin if you believe in another pump. There should be one more pump to new all-time highs after the ABC correction. This coin is very volatile, which is definitely a good sign for all traders because the volatility increases the chance of success. But for holders, the volatility can be something like a roller coaster. 77% dump is very possible. If we take a close look at the waves from the start of the small bear market, we can clearly see an impulse of 12345, which suggests pretty strong selling pressure. It indicates that the ABC correction is probably in play, and we need to complete it before we can continue to a new all-time high. PEPE coin is ranked #66, which is still not that high. It's a pretty good meme coin, and that's why I think the bull market is not over yet. I recommend this coin for all intraday and swing traders because the volume is pretty high and the volatility is as well. In this analysis, I told you where to buy PEPE for another huge pump if you are interested in this coin but don't want to FOMO-in! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
164
Bitcoin is starting something big! (Elliott Wave) Bitcoin is very bearish, and I expect lower prices. We have a strong bearish Elliott Wave base (a symmetrical triangle), and on the chart you can see my primary Elliott Wave count. This strong Elliott Wave base is an indication of a big crash. The price should not go above 27666 (only a wick is allowed above this level). This is a strong resistance because of the previous wave (1), and wave (4) should not go into wave (1) territory. But I have an exception for this ruse, so I allow a very small overlap. Usually there are a lot of orders, and the market wants liquidity, which is why sometimes they overlap. Also, it depends on exchanges. The bullish Elliott wave count is different. The symmetrical triangle could be an ABCDE triangle wave B, and we have just finished the ABC correction. In this case, the ABC correction could be completed, and we are ready to go above 31k. It's possible, of course, but my primary outlook is bearish. But if you are bullish, you can take this count into consideration. In the next few weeks or months, Bitcoin will reach 21k and 15k after that at the end of the year. 10K is possible. We need more data to establish the target for the bear market, and we need to wait for the price to develop. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. What I personally recommend is to take only shorts on futures and avoid longs until the end of the year. This s a quick update on BTC. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
138
Ethereum - Weekly bearish flag will send ETH to 618 USDT (gg) Ethereum shows a lot of weakness on the major timeframes. You can see that the downtrend was pretty steep, and now we are in a consolidation phase. If we take a closer look at it, this is not even an uptrend; it's more like a sideways bearish flag consolidation. A trendline from 2015 on the ETHBTC chart is breaking down, which is a significant bearish technical event. Make sure you check out the trendline in the related section down below! Now the question is, "What will be the bottom on ETH?" We use the Fibonacci extension tool from the start of the bear market to wave A and wave B, which will give us a 0.382 FIB projection. This is a reasonable target for the final dump (618 USDT). This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. You can see my Elliott Wave count on the chart. I don't know what's yours, but you can take some inspiration. A lot of people are very bullish at this moment, but the chart does not look bullish. The previous downtrend from 2021 - 2022 was extremely steep and impulsive, which you do not want to see as a bull. We need to finish the major ABC correction to start the true bull market. ETH is going sideways. It has been almost 1 year of sideways price action. I don't see anything bullish, and it's better to sell all your ETH if you haven't already and short ETH to make money. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
152
Bitcoin - 2 secret patterns, no one talks about! We have a head and shoulders (reversal pattern) and ascending parallel channel on the daily chart. Both of these patterns are bearish because there is a higher probability of a breakdown. There is a lot of empty space at the bottom of the parallel channel, and I feel like we need to go down to fill up the price action. It can be a great idea to long bitcoin at the bottom of the channel because there is also a POC of the previous expanding triangle and the 0.618 FIB retracement of the previous wave. What's more, the 200-day moving average could act as support as well. This MA is used by huge hedge funds, banks, and professional traders. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. If Bitcoin fails to hold the top of wave A, which is at 25250, then it will be a disaster for the price of Bitcoin, and most likely we are going to go to 15k. In my opinion, it's going to happen. Volume is totally dead. During the last wave, the bullish volume was almost invisible. There was no interest from the bulls to buy BTC on the spot market. This is indeed a positive sign for the bears to short Bitcoin. The majority is absolutely bullish, and if you want proof, check out my previous analysis in the related section down below. You need to read all the comments on this analysis so you can see all the opinions from people and NPCs. If we take a look at the RSI indicator, we can spot a bearish divergence between the last 2 peaks. It looks like the bearish divergence has already been confirmed. At least I see it. I am bearish on Bitcoin, and I expect lower prices. Gold almost reached a new all-time high, while Bitcoin is struggling, but no worries, a halving is coming in 1 year, and that will be bullish. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
133
Bitcoin - Last chance for the bulls or 10k! (important range) This is the last chance for the bulls to hold this very key range; otherwise, it will be devastating for the price of Bitcoin. If this range fails, it will trigger a 3rd impulse wave, which is usually an incredible flash crash. You want to be in USDT if this happens. I am already prepared for it, so I am good. From the Elliott Wave perspective, we have a strong bearish setup, and usually what you want to do is catch the third wave and short Bitcoin, of course, on the futures market. Third waves provide the best risk-to-reward ratio and are also the most time-efficient because you will close your position pretty quickly. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Could Bitcoin still pump to 32K? Of course it could, but the chances are lowering, and you don't want to speculate on it at all because speculating on 5th waves involves a lot of risk, such as a truncated 5th wave, a swing failure pattern, or it can completely fail and turn into an ABC wave. If this range fails, the next stop is 25K and then 20K. I shared with you my levels and where Bitcoin could bounce off them, so make sure you check out my previous idea in the related section down below! You want to use these important levels. The true bull market will start in January 2024, as per my calculations. Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
101
Bitcoin - Final pump to 32k before a crash to 15k! Bitcoin may be ready for a final impulse wave to the upside before it collapses to 15k! On the chart, we can see an ending diagonal wedge pattern (3-3-3-3-3), which is why we could finish it at around 32k-33k. This will be your lifetime opportunity to short Bitcoin and ride the massive bear market that will follow! Do not buy any altcoins or Ethereum because it's totally dead and only Bitcoin may pump to new highs. The 0.382 FIB extension is right above the previous wave 3. This is a very strong level because it's the inverse of the 0.618 FIB, and usually Bitcoin reacts to it. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. I am of course very bearish for Q3 2023 and Q4 2023. As you know, I expect a big crash to 15k, but this could be the final uptrend to 32k. Right now I am out of the market and do not have any open positions, but I am going to open a short at the top of the wedge / 0.382 FIB extension. I am already prepared for the bear market, so it is better to stay in USDT, sell spot positions, and trade futures. If you think this is a reasonable Elliott Wave count, you can go to intraday charts and find some longs. Also, if you are already in a short position on futures, you can open a temporary hedge to protect yourself from this final wave. I do not trust this pump from 19k, because it shows a lot of signs of weakness, such as ABC waves. This analysis is my bullish scenario because I have always prepared bearish and bullish scenarios. Take my Elliott Wave count into consideration for your trading. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
215
Bitcoin + Comment Your Altcoin!Below this idea, I will give you my opinion/analysis of your altcoin. Make sure you hit the boost button and comment your altcoin below the idea to participate. I will do an analysis on the weekly/daily chart (long term). I start my analysis with Bitcoin: Bitcoin is currently rising, but in my opinion, there will be one last flash crash below the 16k level to wipe out all leverage traders. There are tons of liquidity and stop losses to be gained. In this corrective wave, bitcoin could hit 30k - 39k, both targets are very arguable, so I am currently bullish in the short-term. I am waiting patiently for the flash crash to buy cheap Bitcoin, and of course I want to ride the huge bull market to a new all-time high. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. As per my Elliott Wave analysis, we are in the final C impulse wave (ZigZag 5-3-5). ZigZags are often very impulsive, which is true in this case. Also, do not forget that we have an unfilled GAP on CME futures at 20k. Statistically, all gaps were at least partially filled. This gap is completely unfilled, so make sure you understand that you are going against 100% historical probability and performance if you are fully long on Bitcoin. My favorite altcoins are now Waves and Floki. Do not forget to write your altcoin in the comment section for my analysis/opinion + hit the boost button to participate! Thank you, and I wish you fun during your trades.
by UnknownUnicorn2537518
1.2 K
Ethereum - The downtrend is over! Time to buy again. Ethereum is approaching a key support, and it's a good time to buy/long!  If we take the Fibonacci retracement for wave 3, the price is very close to the 0.618 level. Also, the previous wave 1 acts as a strong support, so we have a great confluence from the Elliott Wave and Fibonacci perspectives. We should go up and make a new high to complete the impulse wave on this chart. I expect another small bull market on Bitcoin. On the 4-hour and daily charts, we can clearly see an ascending parallel channel that has been destroyed by the bears recently. This channel should be at least retested, but I expect more. What happens after we finish this impulse wave? You don't want to hear it, but Bitcoin is going to crash to 15k, so make sure you are prepared for it! The true bull market will start in 2024. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
60
#SPX500 8.5 YEAR EXPANDING FLATThe market moves in waves and patterns. This is a macro expanding flat on the #SPX500 that corrected for 8.5 years! During the A and C wave of the expanding flat, there were so called "recessions", the 2002 and 2008 recessions. Or were they just A and C waves of a macro expanding flat? It is interesting how the patterns a chart makes predicts the future of reality on a macro level. The rules for an expanding flat is that the top of the B wave pops above the top of the preceding impulse and the bottom of the C wave pops below the low of the A wave. It is at that moment you can start to look for buys for an expanding flat and hold on to an extension of the impulse!
FX:SPX500
by optimizedtrading
1
Bitcoin - New CME GAP! + All unfilled GAPS (cheat) Bitcoin has created a new CME GAP between 28215 - 28265. It's also the POC of the consolidation structure, so it could be a good short-term trade when the price makes a pullback. First, let me explain some important facts about CME gaps. CME Futures on Bitcoin started in December 2017. We had dozens of unfilled gaps from 2017 - 2023, and all of them have been filled. So the statistical probability of filling these gaps on Bitcoin is 100%. When the CME futures started, the huge bear market of 2017–2018 started, and Bitcoin crashed by 84%. Let me remind you (if you forget it), that the major CME GAP between 20330 - 21110 is completely uncovered, and the question is when we will cover it. It can take a few weeks or a few months, or maybe later. Time is not important. In total, we have 3 unfilled GAPs on the daily chart. One is above the current price between 34450 - 35180. Two are below the current price, between 28215 - 28265 and 20330 - 21110. On the left side of the chart, you can see fair value GAPS on the spot market. These gaps tend to be filled if they are massive, and these gaps are extremely huge. In my opinion, we are going to go down sooner or later, fill them, and take liquidity below 15.5k. It could happen in Q4-2023 or Q1-2024 due to my calculations. If you find this analysis informative, hit like/boost right now! Appreciate it. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Thank you for reading!
by UnknownUnicorn2537518
95
DXY - Dollar comeback and stock market crash! (prepare for it) The DXY index is currently sitting on the major support, and at this point, I think it's a good idea to speculate on a bounce from the support. As you can see, we have just retested the trendline on the monthly chart and retested wave (3) + wave 1. From the Elliott Wave perspective, we are missing a final impulse wave upwards to complete this bullish cycle on the DXY index: 2008 - 2023(2024?). Use your Elliott Wave count to compare with my analysis. The final wave 5 should end right above the previous wave 3 because of the wave 2 deep retracement. I do not expect any brutal extended wave 5 to the moon. After we reach my target (around 116), the ascending parallel channel will breakdown and the dollar will go down. I do not trade forex or stocks, because my specialization is only in the crypto market, but I am not only a trader; I am also an analyst, and I enjoy doing analyses for all kinds of markets. For maximum performance, it's best to focus only on 1 area, such as only on crypto, only on stocks, only on forex, only on commodities, and so on. The market behavior absolutely differs, and you have to use different tools and strategies. A strategy that is profitable on crypto gets totally REKT on forex. People who say that his strategy or trading system works on all markets are either scamming you or lying to you. As I said, DXY is sitting on the major support on the monthly chart, and usually you want to long supports and short resistances. In this case, we want to long the support. If DXY drops below 99, then it's over, and this channel is going to break down. Everything indicates that the recession is pretty much inevitable. And when the Fed pivots, a market crash is almost guaranteed. Now the question is, when will we rise on the DXY? We could start consolidating at these levels before an uptrend, or we can start an uptrend very soon. This is an analysis of the monthly chart, so it could take another few months! Q2 2023 could be still bullish for the crypto market! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
TVC:DXY
by UnknownUnicorn2537518
107
Bitcoin - All levels on the weekly chart (must know!) You can use these levels for your trades, because I am pretty sure we will see a reaction on all of them! These levels will be respected even on the 1-minute chart, so do not underestimate them! If one of these levels is destroyed, it's likely that the price will move to the next level specified on the chart. On the bullish side of the chart, we have a strong level that will be tested very soon. It's the POC of the previous market structure and a strong horizontal level at 29765. Above this level, there is an unfilled GAP between 37836 and 32399. This is the only major unfilled GAP on the Binance chart. These types of gaps are called fair value GAPS. 0.618 LOG SCALE FIB (38981) is definitely the strongest resistance out there. Also, we have a POC of the previous structure exactly at the same level. If the price gets to this level, we will experience a massive, brutal crash. Make sure you get informed when we reach this level, so follow me to stay updated! 0.618 LINEAR SCALE FIB (48553) is at confluence with the previous swing high. It's definitely a strong resistance as well, but if the bulls destroy this level, then it opens the gate to a new all-time high (69000), which is the last resistance! On the bearish side of the chart, there is only 1 strong level at this point, and it's the previous swing low at 15476. I think we will reach this level sometimes later this year or next year! 2 unfilled GAPs below the current price are also strong supports. They are between 22602 - 26508 and 17176 - 19549. I am telling you that these gaps are extremely massive, and the chances of filling them are soooooo high, sooner or later. If the bulls fail to hold the 15476 level, we will go to 10k! It's a possible scenario, and it could happen, and the chances are not low at all. Otherwise, this is a bearish Elliott Wave count, which is still my main count. Of course, I also have a bullish count, but I will switch to it after we reach levels above 43k. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
60
Bitcoin to 1 USD - Whales plan revealed! it's over! (99% CRASH) It's over for Bitcoin because the whales started to manipulate the price. But fortunately, I know their plan, which is why I have to share it with you as soon as possible! First of all, whales. They want as low a price as possible because why should they buy at the current expensive price when they can send Bitcoin back and buy it cheaper? This is an analysis of the monthly chart with full history. We need to take the FIB retracement for the whole uptrend and look for the 0.618 value. Whales love to buy Bitcoin at the 0.618 FIB retracement, and in this case, it's 0.80 USDT. FAIR VALUE GAP BETWEEN 0.97 - 1.99 USDT (UNFILLED GAP) is another confluence why we should go down. All gaps tend to be filled sooner or later. The impulse wave from 2009 to 2021 has finished, and we are looking for an ABC correction. No doubt about it at all. The MACD indicator is absolutely terrible. We can see that the histogram was at the lowest level in history, this is not good. What's more, if we take a look at the volume indicator, we can see absolutely low volume. The whales are not buying at all. The whales will send Bitcoin temporarily to zero until there are no orders in the orderbook from retail traders. (It happened with OIL before, so why not?) I hope you like this secret gameplan from whales; do not tell anyone, because it should be only for my followers. Today is April 1, so happy Easter and April Fools' Day! If you think this analysis is for real, then you have been pranked! Thank you, and for more ideas, hit "Like" and "Follow"!
INDEX:BTCUSDShort
by UnknownUnicorn2537518
198
📚 Elliott Wave Pattern: Flat 🌊●● Flat ❗❗ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙧𝙪𝙡𝙚𝙨 ● A flat always subdivides into three waves. ● Wave A is always a zigzag , flat or combination. ● Wave B is always a zigzag . ● Wave C is always an impulse or a ending diagonal . ❗ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙜𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● Wave A is usually a zigzag . ●● 𝙀𝙭𝙥𝙖𝙣𝙙𝙚𝙙 𝙁𝙡𝙖𝙩 ( Exp . FL ) ❗❗ 𝙍𝙪𝙡𝙚𝙨 ● Wave B always ends after the start of wave A . ● Wave C always ends past the end of wave A . ❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● Wave B usually retraces 123.6 or 138.2% of wave A , less often — 161.8% . ● Wave C is often equal to 161.8% of wave A , less often — 261.8% . ● The most common type of flat. ●● 𝙍𝙪𝙣𝙣𝙞𝙣𝙜 𝙛𝙡𝙖𝙩 (Runn. FL ) ❗❗ 𝙍𝙪𝙡𝙚𝙨 ● Wave B always ends after the start of wave A . ● Wave C never goes beyond the end of wave A . ❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● Within such a flat wave B should end well above the origin of wave A and that means wave C might reflect a 61.8% or even a 100% relationship to wave A . ● A running flat indicates that the forces in the direction of the larger trend at next higher degree are powerful. ● Wave B is usually no more than twice the length of wave A . ● Keep in mind that a running flat is rare. ●● 𝙍𝙚𝙜𝙪𝙡𝙖𝙧 𝙛𝙡𝙖𝙩 (Reg. FL ) ❗❗ 𝙍𝙪𝙡𝙚𝙨 ● Wave B never goes beyond beyond the start of wave A . ● Wave B always retraces at least 90 percent of wave A . ● Wave C always ends past the end of wave A . ❗ 𝙂𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨 ● The rarest type of flat. __________________________ 🔗 References: Elliott Wave Principal 2005 Trade Waves / Elliott Waves Analysis (TWEWA) 📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
BITSTAMP:BTCUSDEducation
by TradeWaves-EWA
3
Bitcoin - No one talks about this trendline, last wave up! Bitcoin is appraoching an extremely strong resistance at around 30k. The chance of crash from this level is extremely high! We can see that the uptrend from 20k to almost 30k in March is steep and without any major corrections. From the Elliott Wave perspective I expect last fifth wave to the upside to complete an impulse wave. We can find a resistance at the major trendline that you can see on the chart, or you can call it a broadening wedge. If you open a short position slightly below 30k, then what is the profit target? 0.618 FIB and POC of the previous structure is at 23k. If you want to take profit earlier than 0.382 FIB at around 25k is the next option because it is also a strong horizontal resistance on the weekly chart. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. If we take a look at the RSI indicator on the daily chart, we can be sure that after the final impulse wave the indicator will be oversold, so this is probably not the best time to buy/long at this point. In my opinion, a CRASH to 15k is probable later this year, maybe in September / October, so be prepared for it because this will be the best time for an investment position with a target of around 150k! I took a look at all major altcoins on major exchanges and I can tell you that 95% of them looks totally bearish on the highest timeframe, the bottom is definitely not in for them. This is my game plan for Bitcoin at this moment as I said I expect one last wave to the upside before a huge crash. I am not going to long or buy Bitcoin at this point after this pump because it's of course dangerous and we have a lot of unfilled GAPs below the current price. Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
111
Shiba Inu - 23% crash, best opportunity! (long-term outlook) We have a great opportunity to buy/long Shiba Inu at the yellow trendline, which is a good support level for a short-term trade. Unfortunately, the Shiba Inu coin still looks really bad on the highest timeframe. All previous pumps were only an ABC 3-wave structure, which is overall definitely not a good sign! The bulls still don't show strength from the Elliott Wave perspective because we can see 3-wave structures upward and 5-wave structures downward. After the breakout of the blue parallel channel, the bulls completely failed to continue in the uptrend; it was essentially a fakeout or a bull trap. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. 23% crash is pretty likely at this moment, and you can take this opportunity and long shiba inu at the support line with leverage on the futures market! Is the bottom in for shiba inu? From my perspective, - NO. I believe we will eventually reach 0.00000500 (a 55% drop from the current price). This is my idea for the Shiba Inu coin; now do your actions! Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
69
Bitcoin - The bottom is not in! 15k or 10k (careful) Everyone thinks that the bottom is in and we are going to a new all-time high, but in my opinion, that's definitely not true. In this analysis, I will tell you why! First of all, we need to take a look at the huge dump that occurred in 2021–2022 (from 69k to 15k). From the Elliott Wave perspective, it's most likely an impulse wave, not a corrective wave, because there are no overlaps between swings and the price action was extremely steep and bleedy. Also, there are no triangles in this structure whatsoever. You may say that it's not an impulse but a WXYXZ triple-three corrective pattern. It's possible, but in my opinion, these patterns tend to have more sideways price action than steep. You may also say that it's an ABC correction, but there are clearly 5 waves. We should be in a major corrective B wave followed by a major C wave, which should end between 15k and 10k. I am not saying we will reach 10k for sure, but we should at least take liquidity below 15.5k to complete the ABC correction. That means if you buy Bitcoin now, you will experience a big drawdown on your account. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. 10k is a strong psychological level, and there is plenty of reason to buy Bitcoin here. 0.618 LOG FIB retracement and the start of the GAP are definitely reasonable targets. Right now, we are clearly in an uptrend on the weekly chart, and Bitcoin could reach 30k to 40k. The invalidation point for this analysis is 45k. If we reach this level, then I am wrong and I will buy BTC and ride the bull market to 150k. Targets will be specified for sure in one of my next analyses, so make sure you follow me and my updates! The potential reversal point for this major corrective wave is, in my opinion, at 30k (strong horizontal support and POC) or 39k (0.618 LOG FIB). Then we should go down to 15k at least. Also, if we take a look at the previous price action from 2018 - 2020, we had an exponencial pump from 3k to 14k followed by an exponencial dump from 14k to 4k. But we didn't take liquidity below the 3k level. This time I expect liquidity to be taken below the 15.5k level. I hope this analysis is clear for you, and considering the upcoming recession and upcoming stock market crash, it's also possible to go down to 15K from a fundamental perspective. Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
189
Bitcoin - 10% crash, pullback is very likely! Bitcoin is likely to go down, because this falling wedge is breaking down and also because the impulse wave has been completed! 10% crash is the minimum at this point, but we could go even lower. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. As you can see, we have 2 trendlines, and both of them are breaking down. In my opinion, this trend is already overextended and we should see a bearish retracement. We have a lot of unfilled GAPs below the current price, and usually gaps act like a magnet, sooner or later. This is a quick update on the Bitcoin price; if you want more updates on lower timeframes, make sure you hit the like button right now so I know you are interested! Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
91
USD/ZAR Price Turns BearishUSDZAR Has been in an impulse phase and it has been completed with no rules violated. We are in the bearish phase of the market, we have two counts going on where it could be an impulse in the downside suggesting a long-term sell-off or a short-term sell-off as a correction meaning we are trading in a wave (C) instead. The idea of an impulse is a little complex but the idea would be to trade a wave 3 looking at the retracement it would make sense to target the 2,618. Correlating this pair to USDCAD we are more likely to have long-term sells but keeping an eye on the price level where a Zig-Zag pattern completes will be very important.
Short
by Weshareio
1
Bitcoin - 100% probability to go down to 20k! Based on historical performance, we have a 100% probability of going down to 20k to fully or partially fill the GAP on CME futures. I am not saying that this is going to happen with 100% certainty, but I am saying that this is a statistical fact because all gaps on CME futures were at least partially filled. You can check out the history of this chart on the daily chart from 2017 - 2023. Now it's up to you if you want to go against the 100% statistical probability. I am just giving you all the important facts and information. When will this gap be filled, is the question. Again, based on historical data, it could take a few days, a few weeks, a few months, or even more. Bitcoin is currently rising, and the next strong resistance is around 30k. It's the POC of the previous structure and the start of the previous gap. There is a pretty good chance that we will see a huge crash from this level! From my Elliott Wave perspective, there are valid bearish and bullish scenarios because this whole uptrend from 15500 to 27000 can be the start of a huge impulse or just an ABC correction. So for this particular timeframe, we need more data to make a confirmation. On the left side, you can see a bearish ABC correction, which is valid. This ABC correction can have an extended A wave with a steep and quick C wave. So make sure you take it into consideration! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
98
Bitcoin - Last crash before a pump! (must see) The price of bitcoin is currently near the 0.618 FIB. Usually it acts as a magnet when the price is near this very strong level. The market moves in waves, and wave A should end exactly at the 0.618 FIB. After we reach this level, we are going to go up to retest the previous major trendline because we have a huge unfilled gap and an untested pattern. After that, we are going to go down again to 17600 - 17400 to fill the previous GAP and complete the ABC correction. I recommend you buy Bitcoin at these levels with a profit target of 30k+. I will make an update and you will know exactly when to sell, so make sure you follow me and also hit the like button right now if you want more updates on BTC! There is a pretty good chance to visit the 10k level; if you haven't seen my previous analysis, make sure to check it out in the related section down below! On the chart, you can see the most likely scenario for Bitcoin. Let me know in the comment section: what is your plan? I want to know your opinion, and I will answer your comment! The price action on Bitcoin is very well readable. The structure is well-made at this point. Make sure you also have a bearish and a bullish scenario on the table. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Thank you, and I wish you fun during your trades!
Short
by UnknownUnicorn2537518
307