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Why 54K is the ULTIMATE BOTTOM for BitcoinHello again guys, as mentioned in my previous post, here is part 2 of today’s analysis on Bitcoin. To keep it real short: There are 4 indicators coming together showing when and where the next Bitcoin bottom is coming in: 1. The 21 Week EMA (orange rising line) 2. The green rising support line 3. The 0.5 (and 0.618) Fibonacci retracement levels 4. Big support zone (55-50k) from the last Top of February-May Those 4 indicators are coming together in the next few days to show the ultimate support for bitcoin . As you can see in my previous post, this can be the last correction before a massive run up . If you like my analysis, feel free to like this post and comment your thoughts. :) Have a great day and stay safe!
BITSTAMP:BTCUSDLong
by tradingflx
3
EW Projection for Bull Rally: You sure you want to short this?!Be really careful about placing bets against this monster. The end phase of bull markets are always characterized by explosive panic rallies. Been rising for 12 years. Fed gonna raise rates >1% next year, probably gonna get a 50 basis pip pop in spring or summer, inflation unchecked. Read Friday's NY Times for a very insightful article on when, why and how much interest rates will rise; projecting mortgage rates to rise >1% in 2022. Most traders now alive have never seen a secular bear market. That's a period when prices just decline for years, or churn aimlessly, no one wins. Bear markets that last for 3-6 weeks are not real bears, lol. They are mini-bears, bear cubs or just a mild hangover before the buying begins again. In a real bear, the buying does NOT begin again. Prices decline, and then drift further down; and do not bounce. This is not here YET, but SOON IMO. BUT, before the Bear, we should expect a last hurrah for the old Bull, and shorting it will be a widowmaker. Do not get killed, please!! So much for the lecture, here's the Education part of this idea it's about using all the tools you can to make educated guesses about price direction; we have Elliott waves, RSI, MAs, and Fibonacci retracement and projection extensions as possibly useful analysis tools, any and all of which can and will fail us: Elliot wave theory suggests that we have a completed or near completion 3rd wave, the longest and strongest wave of an impulsive movement. Beware! EW projection is an arcane art and no one can really 'see' these waves until after they have passed... you do NOT know where you are in the wave when you're in it! Forecasting of EWs is purely speculative guesswork, and totally subjective; "Where do I number my waves, guru?!" Disclaimer: As you know, Ralph Nelson Elliott was an accountant and math genius whose insight into market behavior led to his uncanny prediction of the bottom of 1935 mini-bear that followed the Crash of '29 (a bear that lasted until 1932...!). His theory is only a theory, and many forecasting services exist pretending to anticipate what the market will do next, but in fact underperform index funds. Still fascinating though! RSI is overbought, but can get MORE overbought (see prior posts about why we do not enter shorts purely based on indicators!); expect some consolidation and price weakness before moving higher; the Fibonacci 1.272 extension of this rally leads to price 4614, after pullback to a higher low. Market trades now more than 3SD above the 200 DMA, more than 2SD above the 50DMA; a pullback is very likely in these conditions. the 20DMA may be support. Disclaimer: As you know, Fibonacci is a dead Italian math genius, these projections based on nothing more than number theory are pure necromancy but sometimes can be coincidentally correct, like a stopped clock that's right twice a day, lol. IMO 4682 is on the table at the next Fib extension. Expect weakness in the last week of October; and new ATH again in November, barring surprises. A sharp pullback is likely to follow the ATH, if and when we get it. So uncertain now, just a mad gamble TBVH. NB: A zig-zag pattern is still possible, some of the fiercest rallies precede the most bearish cascades; or a Cup & Handle may form, if so, the Handle typically will pullback half the height of cup wall, would be ~80-100 pips, so price around 4460-4480 is a likely a buy zone to re-enter. ANY or NONE of these possibilities might emerge, which makes stock speculation so wildly exciting! Be cautious, do not overtrade, use sensible position sizing! I am not entering a position or making any recommendation to take any position here. Pure WAGuess IMO; this is purely for your amusement, and hopefully enlightenment. GLTA!
TVC:SPXEducation
by DaddySawbucks
9
MRVL Reaching new all time highsMRVL is at a new all time high following this massive trend from it's COVID DIP having only two small false breaks past the trend line in yellow and as you can see it's recently broken past a new resistance line however if we focus on the indicators to track out new potential it shows both on the RSI and Stochastic that we are nearing a selling period if we pair that with the candle's we can see that the buyers are running out of steam as the green candles are getting smaller and smaller as we near the top potentially giving us a sign that a put option would be in order to ride down to find a new floor before we make our way back up.
NASDAQ:MRVLShort
by Stock_Hustle21
Bitcoin all time high's compared to fiat money supplySo i have to give credit to Benjamin Cowen for the heads up on the money supply vs bitcoin chart. You can go find him on youtube for some very good TA analysis, not searched for him on here yet, if u know his username please link it below This chart is to compliment previous published idea to give an understanding of how the extra money being madly printed has an effect on the bitcoin all time highs (ATH) We can clearly see how we have not really broken through yet to claim this cycles top value, in which we could see 6 figures by the end of the year, unless some blackswan event takes place, im about 70% certain were going to come very close if not break out above, its a huge psychological level too. Please give a thumbs up if u like the chart and follow along for more Bitcoin and crypto charts in the future peace up
BITSTAMP:BTCUSDLong
by majorlee
Long🟢 Falling Channel, Descending Wedge, Zone Support, New ATH Deep AI detected Falling Channel. Falling Channel is a bullish pattern. Our Neuro-Fuzzy Botnet thinks breakout. Also, Machine Learning detected Descending Wedge. Descending Wedge is a bullish pattern. Again: Our Neuro-Fuzzy Botnet thinks breakout. Linear Regression computed: 1st Target is the bottom white box. In an optimistic scenario, Top white box is possible. Fuzzy algorithms show a hidden uptrend. - Whale Monitor detected zone support. See cyan area! RSI found support. 🚀 We think you can send Bitcoin .
Long
by Elysian_Mind
1
SAND in danger !Hello traders, welcome back. * This is not a financial advice, use the idea with your own strategy and risk management * I published an analysis on Sand few days ago, explaining what has happened and what is probably going to happen, you can read it here : anyways, I explained that we would probably hit ATH once again, as we did so, its time to decide; Currently price is forming a doji candle stick on daily chart and an engulfing bar on 4h chart, for daily we need confirmation of todays close and tomorrow. but as we hit ath we might form a double top which is a bearish pattern. I wouldn't recommend any buy or sell order here, all I wanted to warn is that this thing might go down so save some profit and put your sl on breakeven to prevent from any loss. * This is not a financial advice, use the idea with your own strategy and risk management * I'm writing about most of crypto currencies; Follow me on TRADINGview so you wouldnt miss out any updates. Like if you think this was helpful and let me know on the comment section below.
by Algo_Analyst
QFIN, A journey to the new ATH ! QFIN has started a journey to the new ATH after a massive predicted decline ! How it will play from now on? Lets follow the prediction. Previous earning report stopped the declining move from ATH down to 16.01 low after a sharp ABC form of correction ( labeled wave (2)) around 0.786 Retracement of the completed cycle wave (1) . Today's earning report pushed it up above the minor high at 27.13 which I consider it as a low degree wave 1 of a newly started up going wave cycle (wave (3) ). If true our labeled wave (3) can reach to prices around 80 corresponding to 1.618 projection of wave (1). Of course it can go higher to around 118 relating to 2.618 projection of wave (1) but, we just consider the typical 1.618 projection for now which still give us a huge profit ! . It is worth to note in terms of timing chart is a schematic drawing. Please take it into consideration that in this predicted journey we will see lots of ups and downs , move ups and correction So, patience is a key if we want to take profit at proposed targets. Please be aware this analysis is not talking about entrance strategy or any entrance point. Like ENPH I think any entrance strategy with a reasonable patience can bring us a nice sweet profit. I am already in by taking out 24.43 minor high. Good luck my friends and wish you huge profits.
NASDAQ:QFINLong
by SaeedSajedi
1
BITCOIN PIVOTAL MOMENT? Bitcoin currently sat on a strong support that has held for weeks. The recent push created a new range on the daily and momentum within the range is clearly showing upside momentum but if support fails to hold and the range is completely broken we could see some huge downside movement. With what is going on right now amongst crypto I do have faith that bitcoin will continue to climb and that this is just a short pullback. What do you think? Will BTC continue to climb?
COINBASE:BTCUSD
by BenCheungFx
1
KDA/USDT Falling Wedge - Perfect buying opportunityKadena has been super bullish and continuously making new ATH. Since the last ATH ($28) made a massive correction. Currently forming a falling wedge and resting at 0.786 fib. If KDA finds support here, then we will see a breakout soon and a new ATH. Another scenario with more correction and a bounce back from the next support level around $16. This is a coin with excellent fundamentals and possible 10x potential from here. Accumulate much as you can before too late. This is not financial advice; please DYOR
Long
by CryptoCafeClub
Possible HUGE trade AMC looks really good! After my technical analysis, we were able to break out of the triangle successfully, which was followed by a retest. Super trade, with an excellent risk-reward ratio. From this point we can see a wave 5 extension which ends in either a double top or a new all time high. I would go into the trade, put a stop loss and forget about the stock for some time as the analysis took place on the daily chart. This analysis is invalidated if we touch the price of $ 20. For more informations see below. RL from RT_Trading
NYSE:AMCLong
by RT_Trading_
12