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Bitcoin - Elliott wave technical analysisTechnical analysis This is my bitcoin Elliott Wave technical analysis. Currently, Bitcoin is very bullish, but the market always moves in waves, so we can expect some pullback on the way to the new all-time high. My Elliott Wave primary count suggests that we are currently in wave (3), and soon we should start a corrective ABC pattern back to 45,600 or to the upward trending trendline. The price is approaching the previous swing high on the daily chart, which is at 48950. This is the major resistance not only because of this swing high but also because of the 0.618 FIB retracement on the weekly chart (previous bear market). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. Fundamental analysis Bitcoin Energy Consumption Over the past few decades, consumers have become more curious about their energy consumption and personal effects on climate change. When news stories started swirling regarding the possible negative effects of Bitcoin’s energy consumption, many became concerned about Bitcoin and criticized this energy usage. A report found that each Bitcoin transaction takes 1,173 KW hours of electricity, which can “power the typical American home for six weeks.” Another report calculates that the energy required by Bitcoin annually is more than the annual hourly energy usage of Finland, a country with a population of 5.5 million. The news has produced commentary from tech entrepreneurs to environmental activists to political leaders alike. In May 2021, Tesla CEO Elon Musk even stated that Tesla would no longer accept the cryptocurrency as payment, due to his concern regarding its environmental footprint. Though many of these individuals have condemned this issue and move on, some have prompted solutions: how do we make Bitcoin more energy efficient? Others have simply taken the defensive position, stating that the Bitcoin energy problem may be exaggerated. At present, miners are heavily reliant on renewable energy sources, with estimates suggesting that Bitcoin’s use of renewable energy may span anywhere from 40-75%. However, to this point, critics claim that increasing Bitcoin’s renewable energy usage will take away from solar sources powering other sectors and industries like hospitals, factories or homes. The Bitcoin mining community also attests that the expansion of mining can help lead to the construction of new solar and wind farms in the future. Furthermore, some who defend Bitcoin argue that the gold and banking sector — individually — consume twice the amount of energy as Bitcoin, making the criticism of Bitcoin’s energy consumption a nonstarter. Moreover, the energy consumption of Bitcoin can easily be tracked and traced, which the same cannot be said of the other two sectors. Those who defend Bitcoin also note that the complex validation process creates a more secure transaction system, which justifies the energy usage. Another point that Bitcoin proponents make is that the energy usage required by Bitcoin is all-inclusive such that it encompasess the process of creating, securing, using and transporting Bitcoin. Whereas with other financial sectors, this is not the case. For example, when calculating the carbon footprint of a payment processing system like Visa, they fail to calculate the energy required to print money or power ATMs, or smartphones, bank branches, security vehicles, among other components in the payment processing and banking supply chain. What exactly are governments and nonprofits doing to reduce Bitcoin energy consumption? Earlier this year in the U.S., a congressional hearing was held on the topic where politicians and tech figures discussed the future of crypto mining in the U.S, specifically highlighting their concerns regarding fossil fuel consumption. Leaders also discussed the current debate surrounding the coal-to-crypto trend, particularly regarding the number of coal plants in New York and Pennsylvania that are in the process of being repurposed into mining farms. Aside from congressional hearings, there are private sector crypto initiatives dedicated to solving environmental issues such as the Crypto Climate Accord and Bitcoin Mining Council. In fact, the Crypto Climate Accord proposes a plan to eliminate all greenhouse gas emissions by 2040, And, due to the innovative potential of Bitcoin, it is reasonable to believe that such grand plans may be achieved. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
3
ETH: Buy here for the long-termTechnical analysis Ethereum is very bullish, the price went above the trading range, which is a strong sign of strength. We want to wait for a retest of the trading range, do not FOMO in. Make sure your entry price is good! We can see that the ABC correction has been completed and we have already started a new impulse wave. This is my quick update on ETH. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. Fundamental analysis What Makes Ethereum Unique? Ethereum has pioneered the concept of a blockchain smart contract platform. Smart contracts are computer programs that automatically execute the actions necessary to fulfill an agreement between several parties on the internet. They were designed to reduce the need for trusted intermediates between contractors, thus reducing transaction costs while also increasing transaction reliability. Ethereum’s principal innovation was designing a platform that allowed it to execute smart contracts using the blockchain, which further reinforces the already existing benefits of smart contract technology. Ethereum’s blockchain was designed, according to co-founder Gavin Wood, as a sort of “one computer for the entire planet,” theoretically able to make any program more robust, censorship-resistant and less prone to fraud by running it on a globally distributed network of public nodes. In addition to smart contracts, Ethereum’s blockchain is able to host other cryptocurrencies, called “tokens,” through the use of its ERC-20 compatibility standard. In fact, this has been the most common use for the ETH platform so far: to date, more than 280,000 ERC-20-compliant tokens have been launched. Over 40 of these make the top-100 cryptocurrencies by market capitalization, for example, USDT, LINK and BNB. Since the emergence of Play2Earn games, there has been a substantial increase in interest in the ETH to PHP price. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
3
Bitcoin will hit a new ATH in a few months!Technical analysis Bitcoin proved in the last few days its bullishness and is ready to hit an all-time high in a few months! On the chart, you can see an ascending parallel channel that has already been retested, so there is no reason to go down. From the Elliott Wave perspective, we can see that the major wave (3) is in progress. The trend is starting to be exponential. I am expecting the end of the bull market in September 2025, with a price of around 120,000–140,000 USDT. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Is the Lightning Network? The Lightning Network is an off-chain, layered payment protocol that operates bidirectional payment channels which allows instantaneous transfer with instant reconciliation. It enables private, high volume and trustless transactions between any two parties. The Lightning Network scales transaction capacity without incurring the costs associated with transactions and interventions on the underlying blockchain.
Long
by Xanrox
8
IBKR Weekly Technical AnalysisIBKR Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Pitchfork, Confluence, Clusters, Trend Lines, ABCD Pattern, Fibonacci Extensions - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
NASDAQ:IBKR
by BahamasX
WTI Oil Approaching AB=CD ResistanceAs evident from the daily timeframe of WTI oil, the unit has been trending lower since topping at $94.99 in late September 2023, shaped by a series of lower lows and lower highs. What’s technically interesting right now is the possibility of an AB=CD pattern taking form at $77.80 (denoted by a 100% projection ratio) if price engulfs the $76.14 peak established in late December 2023. Adding to this pattern’s credibility are the surrounding ratios (some Fibonacci, some not) between $78.75 and $78.25. Ultimately, should further upside materialise, resistance may take form between $78.75 and $77.80, from which the chart may welcome sellers in line with the current downtrend.
TVC:USOILShort
by FPMarkets
Bitcoin - Tightening range, huge crash coming!Bitcoin is forming a symmetrical pattern (triangle), and the range is tightening. We can expect massive volatility, probably very soon, but are we going to break down or break up? I am bearish, so in case of a bullish breakout, I am not buying it because it will probably be a fakeout. It is possible that the whales will push the price temporarily higher, but at the end, we should go down. From the Elliott Wave perspective, we have completed a WXYXZ triple three pattern, and we are ready to start an impulse wave to the downside. Be careful of the symmetrical triangle's pattern; the price tends to sweep liquidity on both sides. So your stop loss is not safe, whether you are a bull or a bear! Keep that in mind. Where to take profit? The next stop should be at the first order block below the fair value gap that you can see on the chart. This is also near the 0.618 Fibonacci retracement, so definitely one of the strongest supports on the way down! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
34
GTAI - 181% profit in February, buy now!Technical analysis: GTAI looks very strong on the chart. Since listing on major exchanges, the price is making higher highs and higher lows, which is by definition a valid uptrend. The price has been moving in an ascending parallel channel, and currently the price is at the support of the upward trend line, providing us with a great buying opportunity! I believe this uptrend is going to continue in February, and the price can hit 6 USDT per coin. Of course, if you hold for the long term, you can make a 100x profit in 2024/2025. It is always important to look at the Elliott Wave technical analysis. My Elliott Wave count suggests that the price is preparing a huge nest (1,2,1,2,1,2), and once the 3rd wave starts, it can be massive! You probably do not want to miss out on this opportunity. GTAI coin will be listed on another popular exchanges in the next few days and weeks! It appears that the following exchanges will be supported: BitPanda, Binance, and CoinBase. $GTAI is utility token which allows: Fee Discounts: Offering discounts on profit and trading fees Vendor Fees for API SDK: Charging fees for API SDK installation, subscription, and transactional operations Web3 Fund Creation and Listing Fees:Implementing fees for creating Web3 funds and listing them in the marketplace Cashback Payouts: Cashback payouts in $GTAPP tokens when using AI shopping assistance Eligibility for DAO Voting: Granting eligibility to participate in DAO votings Investment Protocol for Web3 decentralized funds: Enables secure liquidity management for funds’ managers, hedge funds, venture capitalists, and professional traders. Web3 decentralized funds with a proven track record are listed in GT Web3 investment marketplace, offering crypto investors safe and diverse investment opportunities in CeFi, DeFi, and NFT markets.
Long
by Xanrox
14
Pendle - one of the strongest coin, 445% profit in weeksPendle is one of the stronger coins currently on the crypto market. We can see that we have had a pretty long consolidation where whales were accumulating coins. Of course they want to make money, so they sent the coin to the upside. We can see that the uptrend is starting to be parabolic, which is very good because you can make a lot of money in a short period of time. My profit target is the 2.618 FIB extension, which is 445% profit from the current price if you buy the coin right now. About Pendle - Pendle is a protocol that enables the tokenization and trading of future yield. With the creation of a novel AMM that supports assets with time decay, Pendle gives users more control over future yield by providing optionality and opportunities for its utilization. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
6
Technical Take on XAU/USD: $2,000 WhipsawAmid a rally in US Treasury yields and a broad-based USD bid, spot gold (XAU/USD) is getting hammered lower today! Down -1.1%, the precious metal is now on the doorstep of shaking hands with the widely watched 2,000 level. While this psychological barrier will house buying interest, a whipsaw (or stop run) of this level could be on the table if challenged, potentially chalking up what is referred to as a Bear Trap. The rationale behind a possible whipsaw is what lies beneath $2,000. Between $1,971 and $1,986—made up of an AB=CD bullish pattern (100% projection ratio), horizontal support as well as a number of Fibonacci ratios—offers a technically confluent support zone that could attract buyers beneath $2,000 in search of entering long into sell-stop liquidity produced via the $2,000 breach.
FPMARKETS:XAUUSDLong
by FPMarkets
Bitcoin is starting a 20% crash. Sell/Short nowBitcoin is starting a major downtrend. We have a bearish flag that is ready for a breakdown. Bullish flags are probably the most powerful patterns, and after a breakdown, a massive dump follows, especially on Bitcoin. Bitcoin got rejected from the Fair Value GAP on the daily chart. These gaps are always a strong support or resistance, so pay attention to them. From the Elliott Wave perspective, we have finished the wave (X), and we are ready for a final dump, which can be steep and strong. Where to buy bitcoin? To answer this question, we need to take the Fibonacci extension tool and measure the 1:1 extension, which is a common retracement for a corrective wave. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
61
EURNZD: 2 HR Big bullish move expected! EURNZD in Wyckoff Method, we can confirm that price is in verge of big bullish move of 400 pips at least. If you look through the chart carefully, we have given reason for each move that EURNZD made in last few weeks. This idea has highest possibility of the trade. Though we need to take sell side liquidity into the consideration if price decide to push down to take out the liquidity and fill the void area, we should not be shocked if it does. So please keep that into the consideration while taking buy entry on this pair. Euro can be extremely bullish in coming days, and this will likely to have effect on most of the euro pairs, same goes to EURUSD. Please do like and comment if you agree with the idea. It will gives us encouragement. ❤️
Long
by Setupsfx_
9
GTAI - This coin will 100x in 2024, buy nowGTAI is a new altcoin that was recently listed on major exchanges such as Bybit, Huobi, Kucoin, or GateIO. On coinmarketcap, this altcoin has a rank of #2296, which means it has a lot of room to go to the upside. 100x is not impossible with the current low market capitalization if you buy this coin now. Technical analysis It is really important to take a look at the technical analysis. This coin was listed on January 25th, which is 4 days ago, and today the price reached an all-time high. This is a very strong sign of interest from the bulls, and they are serious about pushing the price higher. The price is currently inside the bullish rectangular structure/accumulation phase. From the Elliott Wave perspective, we can see a strong impulse wave of 12345, which is another sign of strength from the bulls. In conclusion, there is nothing bearish or wrong with the price action, and the coin looks strong from my point of view. What is GT Protocol? The GT Protocol's robust ecosystem merges an investment protocol for decentralized Web3 funds management with Blockchain AI Execution Technology, both accessible through the GT API SDK. The ecosystem includes the GT APP, a Web3 investment platform, which has already amassed 70,000 registered users and has achieved notable milestones, including becoming an official broker of the Binance exchange and securing a partnership with the TRON blockchain. Blockchain AI Execution Technology: Simplifies crypto transactions, portfolio management and offers comprehensive AI-driven trading and investment tools through an AI conversational interface for both novice and experienced users. AI execution technology enables the execution of any trade, swap, or NFT investment command on centralized exchanges, decentralized exchanges, and NFT platforms simply by sending a text prompt or even a voice message to our AI model. The purpose of this technology is to simplify and make the process of crypto investment and trading accessible for Web 2.0 users while also improving the UI/UX experience for professional Web3 users: AI buy/sell/swap/trade commands execution AI portfolio management AI-powered automated trading A deep AI off-chain and on-chain market analysis AI trading signals AI arbitrage trading AI NFT management AI-powered shopping assistance AI-powered Web3 onboarding and education Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
18
A+ Setup on AUDUSDAsset: AUDUSD Bias: Bullish Price range: 0.6525 ~ 0.6500 Confluences; 61.8% retracement of 2023’s 4th quarter bullish rally 100% extension of the first bearish wave from 28 Dec to 5 Jan (Healthy corrections appear in 2 equal legs) (Elliot wave) (Harmonics) Level held as support during the first 7 months of 2023, price closed twice below this level but subsequently rallied away from this level the next day on both occasions. Descending channel formation Invalidation level: A close below 0.6485 Volatility: US consumer confidence and job openings on Tuesday, AUD inflation YoY prints 9 hours later, FOMC 18 hours after Aussie's inflation print My ideal trigger is a bounce at our confluent level, followed by a break of the current descending channel.
Long
by PipPanda
2
Bitcoin - Next 18% crash is almost ready!Bitcoin is almost ready for an 18% crash. One more small pump is possible because we have an unfilled FVGAP above the current price. Usually, the market moves in waves as per Elliott Wave theory. My Elliott Wave count suggests that we are still missing another wave to the downside market as WXY. Currently, the price of Bitcoin is inside this parallel descending channel, which you can use to your advantage and trade it accordingly. Where can you take profits from your short position? Always use a Fibonacci extension tool and target a 1:1 FIB extension for corrective waves. In this case, the 1:1 FIB extension is at 34000 USDT. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
6
Flag breakout after previous Spring setup - SOLSolana was consolidating after an excellent move up. The consolidation looks like flagging to me and happened on lowered volume which is what we want to see. Price pulled back to the previous support where it bounced and formed a pin bar indicating my favorite Spring action setup. The Spring offered a 1 to 1 opportunity for scaling out. Now there was a visible breakout of the flag formation. We want to see a test on lower volume and then the price action target I typically use is the 161% Fibonacci extension therefore fairly reasonably Solana can reach easily 150 in the next run before meeting some logical price action resistance zone.
COINBASE:SOLUSDLong
by TheSpringHunter
Bitcoin - pump to 43777, then crash to 34000Bitcoin is currently going up in the short term, but do not fall for this uptrend. It's clear that the downtrend will continue, and we will see a huge dump to 34,000, probably in March. As per my Elliott Wave count, we have finished a huge impulse wave, and now we need to make an ABC correction so we can go higher to 100,000 in 2025. Wave A is complete; now we are in wave B, the corrective move. Why is 34k strong support? We have a 0.618 Fibonacci retracement on this level and also a pretty huge gap. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. How Much Bitcoin Is in Circulation? Bitcoin’s total supply is limited by its software and will never exceed 21,000,000 coins. New coins are created during the process known as “mining”: as transactions are relayed across the network, they get picked up by miners and packaged into blocks, which are in turn protected by complex cryptographic calculations. As compensation for spending their computational resources, the miners receive rewards for every block that they successfully add to the blockchain. At the moment of Bitcoin’s launch, the reward was 50 bitcoins per block: this number gets halved with every 210,000 new blocks mined — which takes the network roughly four years. As of 2020, the block reward has been halved three times and comprises 6.25 bitcoins. Bitcoin has not been premined, meaning that no coins have been mined and/or distributed between the founders before it became available to the public. However, during the first few years of BTC’s existence, the competition between miners was relatively low, allowing the earliest network participants to accumulate significant amounts of coins via regular mining: Satoshi Nakamoto alone is believed to own over a million Bitcoin. Mining Bitcoins can be very profitable for miners, depending on the current hash rate and the price of Bitcoin. While the process of mining Bitcoins is complex, we discuss how long it takes to mine one Bitcoin on CoinMarketCap Alexandria — as we wrote above, mining Bitcoin is best understood as how long it takes to mine one block, as opposed to one Bitcoin. As of mid-September 2021, the Bitcoin mining reward is capped to 6.25 BTC after the 2020 halving, which is roughly $299,200 in Bitcoin price today.
BITSTAMP:BTCUSDLong
by Xanrox
17
🚧VVUSDT will Go Up Again🚧 Road Map(1-D)🗺️!!!Hi. ➡️As you can see, VVUSDT is completing this pattern, and if it follows this pattern Price can grow a lot. 🟡Summery: -VVUSDT has been Bullish Recently! -The odds of another Bullish Movement is High! -Bullish Pattern is Visible on The chart! -No break out yet! -AB=CD 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
VLong
by CobraVanguard
4
Strong swing level on EURUSDAsset: EURUSD Bias: Bullish Price range: 1.0765 ~ 1.0735 Confluences; 61.8% retracement of 2023’s 4th quarter bullish rally 100% extension of the first bearish wave from 28 Dec to 5 Jan (Healthy corrections appear in 2 equal legs) (Elliot wave) (Harmonics) The lowest level reached in Dec 23, price flirted but never closed below this level during Dec 23. 3rd touch emerging. It takes 3 touches to confirm a trendline, so with 2 touches so far we are anticipating a hold of this level, at least temporarily. Invalidation level: A close below 1.0730 opens the window for price to reach the 2023 Opening level, at that point we will recalibrate our analysis. Volatility: On Tuesday morning the 2 biggest economies in the eurozone are releasing GDP figures, 8.5 hours later the US is set to release consumer confidence and job openings data. Massive day on Wednesday as both euro powerhouses are unleashing their inflation rate and later that night we have FOMC. NFP on Friday.
by PipPanda