US30 Analysisin this structure we are expecting bullish impulse from current bullish Correction pattern to complete the current horizontal resistence, if you want to take it wait for a breakout of the current correction resistence. Meaning one candle close above the resistence then I'm going to enter.
NB:T his is not financial advise this is my opinion Based on my experience
Bullvsbear
ETHEREUM 🔮🤔 RUSSIA vs UKRAINE 💲💲💲 BULLS vs BEARSHello everyone,
Recently I asked myself and you the question "Is war negative news for cryptocurrencies?"
I replied to myself that no! On the contrary !
Ukraine gets financial aid from all over the world through BTC, ETH, USDT.
Russia gets sanctions on SWIFT and has an alternative, cryptocurrencies!
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Technical analysis
We are at a key level moment.
On the one hand, we have a double doubletop test confirmed. (average term)
On the other hand, there are two lows, including one higher than the other, which gives a double bottom. (long term)
SUPPORT $ 2300 (After Target Break: $ 1700-1500)
RESISTANCE $ 3250 (after Target: NEW ATH break)
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At the moment we will have an interesting fight between bears and bulls.
What could be worse to pull the price down from the war?
NUCLEAR WAR. I hope it will end only with scaring, but we can see what is happening in Ukraine,
and everyone said that there would be no war;) "It will end with the Donetsk as it was with Crimea, Chechnya, Georgia."
For me, an investor, nothing could be worse, because if there was to be a nuclear war, it would not survive it anyway, so?
It is worth investing;) It cannot be any better, because such prices may not be available in the future.
Taking into account the ONCHAIN data, you can see the movements of the whales confirming passing the hole.
As for my movements, I follow them and I have made a lot of purchases.
Support Ukraine!
BTC - 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P
ETH and USDT (ERC-20) - 0x165CD37b4C644C2921454429E7F9358d18A45e14
Comment and like,
Greetings from PL
$BTC YOLO? HODL? 37k?-77k? BULLvsBEARBTC daily chart looks like it is having a breakout from a wedge pattern
first price target is at the .386 fib retracement
2nd PT around 55k at the 50% fib and also the 50 day moving average
if somehow bitcoin can get above the 50% retracement/50MA that would be extremely bullish and could send bitcoin to new ATH's
if we fail to trade above the Fib levels bitcoin is at risk of fading between 33k-37k
Neutral/Bullish above the 200MA bearish below
extremely bullish above 50% retracement/ 50 MA if Bitcoin cannot get above the 50 day moving average that would signal a possible top and trigger algos to take profit
Bulls Vs Bears volume 2So much has been going on the last few weeks in the markets.
The question left on my mind is are we headed into a Bear Market.
What better way to prepare for that question than updating my Bull vs Bear series.
The idea is that the start and end of a Bear market is using the 21 week EMA.
1 full week close below 21W EMA indicates a Bear Market
1 full week above 21W EMA indicates a Bull Market
You can see the indexes combined are knocking on the door.
I plan to use this series to create an investment strategy that will thrive in the coming bear market.
There is so much to prepare, Winter is upon us...
BTC 30 min Chart - short term Bull and Bear targetsThis is not financial advice. I'm just starting to post stuff more frequently. Hopefully the first of many.
HOW TO DETERMINE BITCOIN PRICE!Now this may not work 100% of times, it sure does work most of the time. I use a Pitchfork tool to create a clear and very effective view of support and resistance of price.
Identify the chart for yourself! You can see just how accurate and useful it was today, despite the extreme VOLATILITY.
Although the price dropped to about $57K, the support line that I plotted before left me at ease of mind since it clearly found support at the line and bounced off it.
This advice is only for educational purposes.
Thierry
The Big Swing Completed Well, After a historical month for Gold my Big Swing idea has completed and successfully hit all set targets. What now you ask ? Well it's simple, 2100 by friday. 5000 within the next 5 years. Yes thats right, Its not stopping here, This is only the beginning of our adventure. A taste of the starters before we move onto our main course. Whats the main course you might think ? BULLION. Whats dessert ? LITHIUM. Shhhh i didnt say anything just keep your attention on Gold and be happy your sat at the table having dinner as a lot of people are missing out on this crazy bull run. For now B1GFUDG3 OUT!!
Disclaimer: I am not advising anyone to take any trades nor am i providing market direction certainty nor do am i held responsible for any losses. Always do your own analysis and use the correct risk management.
Will GOLD Break The Channel?Gold is playing out in the channel, it could either bounce up and fill out the rest of the channel this week.
OR
Will the price breaks the channel pushing gold further down?
I am watching closely on this pair for now.
Powell News which is HIGH IMPACT for USD in 5 hours.
BTC - TRIPLE COMBO vs IMPULSE WAVES We are inside the unfolding flat correction, it's obvious...that's why it's taking so much time.
It's definitely good for the market, good for a stability and further development, as the building pilliars..The more time it takes the bigger impulse to expect.
I see there two variants now. The first one that we are sitting at the support line and the fib. 0,786 of the smaller impulse wave ii.
But it seems that we did not get enough power from this potential bounce zone. Volume still sleeping as well.
So, I will count with the alternative A as the main and the most likely scenario to me.
Projection of the Alt. A is equal wave a (ii) and also at the same spot is 0,786 fib. retracement of the bigger cycle, this could be the wave Z as the result of the complex flat correction.
Right there I would expect some penetrative bounce which can unfold in impulse wave and start the momentum.
This last correction wave Z(c) may be that trigger to proceed to the upwards.
You can see everything at the chart.
BTC - the DICTATOR of the marketHi there!
It's been more than a month what I posted my vision of the BTC -0.44% correction and this correction has been fulfilled.
So I dediced to post a new vision of the possible moves of our dictator BTC -0.44% .
On this chart you can see all the trade channels I can see now. As well as the approx. estimate of the single movements and the accumulation/demand zones.
All supports/resistances are marked on the chart also.
Yesterday we just got the FFS report about the Tether...and what to say..
This report can help the market in these hard times and bring some buying taste, BUT I dont think it should be enough to reverse the trend to bullish. Maybe I am wrong. We shall see.
We need more of these positive news which could affect the market and change the mood.
Otherwise, nothing will change and we continue downwards until the accumulation occurs.
After that a good buy impulse can come.
If you want an update of this hit me some likes for my motivation.
...and ENJOY!
BTC Waves Count and Level Support To watch!This is my count, the last bounce is so bias, so i have not defining it yet. I still wait the daily candle to close.
I think this is not the time for cut loss yet, bet patient is the key.
Another thing is, RSI has not break the support yet.
The Bull Scenario:
IF we hold above 8000 usd, we will see another bounce to test the last resistance 8600.
The Bear Scenario:
The candle close and break the ascending channel.
And my level cutloss is about 7600-7500 usd.
** This count is only suitable for swing trader, not day trader :) thanks.
BTC/USD Long Position IF we see impulsive action upwardThe play for the BTCUSD pairing is for a long entry to be made if we see a wave I upward that moves in an impulsive manner. The entry would be around $9300 (which is where the proposed wave II would be) with a stop-loss slightly above the recent low in the $9000 area. The reason the stop-loss would be put above the low of the move is that if we do see impulsive action upward, then a retracement of 100% for the wave II would indicate that according to Elliott wave rules that it is a failed motive wave and implies that there is more bearish downward selling pressure and therefore a likely further retracement in store for bitcoin in the immediate future. As always, taking profit on the way up is advisable and reloading on a position at a wave IV area (as is diagrammed on the chart) to ride up for the subsequent 5th wave can occur as well. The first target for this play is at $9700-$9800, the second target is at $10200-$10250 and a third more bullish target is in the $10350-$10500 area. In addition, exercise caution in the market by playing with position sizes that are not over-exposing you in the space, as recently the market has been somewhat unpredictable. Short-term: Neutral/bullish Medium-term: Bullish Long-term: Bullish.
BABA is oversold175-185 area is the accumulation zone. Buy before this monster shoots up above $200 for the rest of the year. Healthy market dips are to be bought!
Bull Bear fight continuesA tad annoyed I missed the trend line from 2017 on previous posts.
Black line: move toward 11700
Followed by either red or pink option:
Red line: breakout around 11700, then bounce off resistance at 14000
Pink line: Hits resistance at 11700 then bounces off support around 9000, followed by action similar to red line.
Note: The two green trend RSI S&R lines come from the weekly RSI chart:
Overall: Bulls and bears are still fighting it out.
Yen... again?I've been disgustedly inactive due to hectic school schedules as well as slow internet connectivity. For that, I will be publishing my rationale on why I entered the following trade.
For the past days, I've also been obsessed with Yen pairs along with Loonie pairs... especially CADJPY! I currently have 4 long on the Forex pair because of the formation of inverse H&S... on monthly timeframe! In addition to that, it has been strongly consolidating at the neckline for the past days where it may have suggested it is building-up a break-out pattern.
Crude oil strength means Loonie strength v1I've been disgustedly inactive due to hectic school schedules as well as slow internet connectivity. For that, I will be publishing my rationale on why I entered the following trade.
For the past days, I've been obsessed with Canadian Dollar pairs.
If this Forex pair does break the graphed line, it may possibly dip to the 1.59500 area.
*Nice Long*GBP has been recovering from short-term drop due to election loom, given the fact that it didnt break the support trend line clearly. *1.29285* would be a good long entry and TP at 1.304.
Trade Safe
Bottom of a rising channel As requested by one of my Facebook page's followers, I've published a trading analysis for the USDCAD Forex pair.
As shown on the graph represented to you, the US Dollar-Canadian Loonie Forex pair has been trading on a rising channel for quite some time. Whenever the prices hit the top/bottom of the rising channel, a substantial fall/rise follows. That being said, it is 'only' ideal to enter a trade for this pair whenever it hits the top or the bottom since the middle of the rising channel is quite messy... a no-man's land.
Shaky pairFor several days, this EURUSD Forex pair has been trading in these levels. However, following the increase of rate despite the bad US economical data, the US Dollar has been given a boost to the upside.
If you look at the 4-hour bars, it is clear that the bears are now in control... after some retracements, of course. In addition to this, the daily timeframe could be pointing out the possible formation of a triple-top pattern. If that is so, I'm expecting a downside for this pair... along with the GBPUSD Forex pair trade analysis I've published before this. In short, Dollar... up!
Great Britain Pound vs United States DollarGreat Britain Pound vs United States Dollar? More likely Theresa May vs Janet Yellen!
From yesterday's session, we've seen the United States Dollar decline due to the huge extensive disappointment with the USD's economical data. However, following Yellen's Hawkish stance, the Dollar was yet again saved by Yellen forming several pin bar and clouds both on daily (e.g. XAGUSD) and on H4 (e.g. DXY, AUDUSD, EURUSD...)
With the formation of a fakey bar yesterday, I've decided to enter a short position on this pair. Considering that the Pound is still in bad shape and that the Dollar has a renowned strength, I believe downside to this pair is imminent. The question is until when. Looking at the Fibonacci, it has a maximum downside until 261.8% which is also the 200SMA on the daily timeframe.
What lies for Euro-Japanese Yen's future?For quite some days, the Euro-Japanese Yen has been solely consolidating within this range despite the further decline of other Euro Forex pair. That being said, this may be qualified to be an NR7 trade; it is also called as Narrow Range 7 day bar.
With the NR7-qualified trade, we can also see a possible formation of a triple-top-double-bottom... or a possible formation of a head & shoulder... and the consolidation is just sitting at the neckline!
With a tight range running, a high risk-reward ratio setup may be placed upon this! With such consolidation, I am expecting a huge move!
