New Rising Channel for BitcoinCurrently, we seem to have received rejection from ma200 in the h4 time interval. Although we seem to be holding on to the ma50 on a support basis in the same timeframe, I don't think it will make the channel valid and I think we will throw a pin below the weekly ma200 and close it on this lively average. Although the sloping channels formed in all kinds of logarithmic scales and weekly timeframes show that we are at the bottom, there is clearly a need for a sharp decrease so that we can see a sharp reaction rise. We still have not reached the goal of the bear flag formation in the big picture, and moreover, there is another bear flag that we can see in the small picture, confirming the goal of the other one.
Bitcoin-short
BITCOIN Is Very Bearish! Sell!
Hello,Friends!
Based on the technical analysis
And the recent minor fundamental news
BITCOIN looks bearish to me overall.
I think that market-makers will be pushing the pair down
That is why we are going short!
Like and subscribe and comment my ideas if you enjoy them!
BTCUSDTPERPBTCUSDTPERP SHORT
Is the most famous investor in the modern history and his international conglomerate able to update historic highs before US economy spirals into recession?
Let's look at it in more detail.
Fundamental indicators:
Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years except 2020
Profit margin - not consistent and varies from 10% to 20%, 2021 was with the highest 28%
P/E - 8.4x which is considerably lower than the current S&P500 ratio
Liabilities - no problems with debt
Technical Analysis ( Elliott Waves ):
Following the correction of March 2020 shares of Berkshire Hathaway have enjoyed similar growth cycle as S&P500 with 120% gains
This bull run was formed by an impulse where waves 1 to 4 have been completed and wave 5 is currently developing
Wave 4 is clearly identifiable as a lengthy and flat Running Correction that lasted between May and November 2021
The final wave of the impulse is quite choppy with lots of crossings which often indicates the development of an Ending Diagonal pattern with a structure of 3-3-3-3-3
If this is the case then waves 1 to 3 have been established and wave 4 is in the process of completion
Once this zigzag-like correction is over we can observe another zigzag to update the historic highs and potential gains for investors of 20%
What do you think about Berkshire Hathaway and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves .
Thanks
#Bitcoin to 41k then to 13k Hello Padawans,
Just a crazy chart I just tried to catch something. I will publish an analysis asap, needed to develop this analysis.
Anything can happen in this crypto space. Be smart, and manage your risk.
Buy and hold bitcoin. #Bitcoin is more precious than you think!!!
Cheers!
May the force be with you!
S&P 500 short s&P is in down trend
we going rn to the orange like that's could hold for a bit maybe
i don't have alot to say because it's already did the move . but yeah we going lower that's not good for crypto crypto going lower too
apple amazon tesla i shared this chart before and they all hit the target but yeah we could see more lowes
BTC in Rising Wedge You've Been Warned!If we also consider the stochastic relative strength index on the 4-hour timeframe, we will probably fall into the lower band of the channel.
SHORT IDEA ON BTC CME FUTURE RISK REWARD 1:2Possible bounce to gap on Bitcoin CME chart after big sell off. Fibonacci levels support my idea too.
OPEN at GAP level
STOP LOSS when broke resistence trendline
TARGET PRICE around the previously Lowest price.
1:2 Risk/Reward.
My opinion is that price may be drop to lowest level according to Fibonacci to cca 17000 $ when broke down cca 25 500 $
STABLECOINS ARE DYING! What's next???Yesterday we saw a huge plummet of ust (terra) stablecoin.
Because of that Luna dropped 99% and currently is traded under 0.15c
If you check other stablecoins, you can see that there is a lot of volatility lately and slowly but surely they start tanking down.
What does it mean to us?
1. Stablecoins aren't stable anymore
2. It's better to wait the storm out in fiat
3. Usually, such instability happens before huge BTC drop.
On the interesting note we can see that BUSD is holding stronger than others, and binance is really committed to keep it that way. If it holds, while others will fall, it very easily will become new #1 stablecoin.
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones