BTC/USD: Past Reflects the Future $250KI've been seeing this picture for over a 2 years now. Every other day the print just keeps getting more obvious.
Not trading advice, no crazy indicators. Just Lines I drew based on previous price actions.
Keeping it clean and simple, not a bad idea to just save this and hit the play button every 10 days.
With speculation of what currently going on and people not trusting their federal moneys I wouldn't doubt if we hit 250k between Aug. - Dec. 2021
Again not trading advice. Just what I'm seeing.
Crypotcurrency
Can a chart pattern take ETH to 1.8k before the end of February As we can see a ascending triangle is forming on the ETHUSD, the RSI is still under 50 this could be a very bullish indicator.
This pattern can send the ETH to 1.8kUSD before the end of february 2021.
***not financial or invest advice****
Oceanbtc Is Heading SouthHi everyone, the wxyxz structure in this pair is complete, now i expect a total reversal of the trend or a correction of a higher degree. All this tends to a bearish forecast. Thanks for your support.
DFI.Money (YFII) Chart Analysis, New Wave Incoming!Let me read the DFI.Money (YFIIBTC) chart for you, we might be getting a new bullish wave.
First, the 5-Nov low has been taken out.
A new low was hit just two days ago.
After this new low was hit, we get high volume and the RSI starts to move up.
We can see strong bullish divergence with the MACD and prices challenging EMA10.
Finally, we can see a broken down trendline based on the candles closure... A new bullish wave comes next.
We are already active on this pair...
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XRPUSD, New Decisive Formation Building, Likely Perspectives!Hi my friends,
Welcome to this analysis about XRPUSD, we are looking at the 30-minute local timeframe perspective, the recent events, the current formational structure, and what to expect in the upcoming times. As mentioned already in the previous analysis XRPUSD also formed this head-and-shoulder-formation where it is almost already trading below the neckline and waiting for the strong move to finally confirm it, if you did not see this analysis already I highly recommend to watch it as this one additionally adds to it. What is also important to assess is that the structure within XRPUSD has more bearish components compared to the other major cryptocurrencies that have more bullish factors established, this is is why it is important to distinguish these factors and the differences between the currencies, therefore I discovered all the meaningful zones and likely perspectives we should consider with XRPUSD.
Structural Developments:
As when looking at my chart we can watch there how XRPUSD is about to form this crucial symmetrical-triangle-formation marked in my chart with the blue lines, besides that XRPUSD also formed the coherent wave-count within the formation and completed the waves A to D of the wave-count with the final wave E about to develop next times which will complete the whole formation, this wave E will run directly into the strong resistance-cluster marked in my chart in red within the upper-boundary where several resistance-zones lying. Currently, XRPUSD is still holding above the point-of-control of the volume profile however this can change swiftly into the other direction when XRPUSD moves below it. Also, the whole triangle forming here is matching to the overlying wave-count to the downside and the wave B within this wave-count as it is marked in my chart.
Upcoming Perspectives:
The next times we can expect XRPUSD to finalize its wave-count with a great likelihood to show up with a bearish pullback when moving into the resistance-cluster. When this pullback increases and finally moves below the lower-boundary and below the point-of-control, as it is marked in my chart this will give the edge for a protracted bearish continuation and wave C development as it is shown in the chart, this wave C will move on till there is support found in which XRPUSD can stabilize and reverse the dynamic, this can happen within zone marked in my chart in blue where also the significant 61.8% Fibonacci-support is lying and other meaningful support making it a zone with good potential to stabilize and back-up from there to test remaining resistance-zones again.
In this manner, thank you for watching the analysis, have a great day and weekend, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
ETH/USD | Potential Upward Movement💡 Trade Idea
📉 Buy Limit ETH/USD @ 553.35
🎯 Target Profit 623.76
🛑 Stop Loss 525.57
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The coin is trading within a corrective channel, it moved to the lower end of this pattern and reacted once it reached the daily support (553.35). We have a 61.8% level pullback which indicates a potential reversal, and a move to the upside.
LINKUSD, Setting Up To Form A New Move Testing Crucial Level!Hi my friends,
Welcome to this analysis where we are looking at LINKUSDs 2-hour timeframe perspective, LINKUSD was one of the coins which showed heavy downside volatility recently, this is important to notice because not every coin showed such exaggerated volatility, currently, LINKUSD is somewhat recovering marginally and forming a very crucial formation I detected hear lying ground for the upcoming perspectives to emerge, therefore we are looking at the important levels and likely outcomes we should consider within the current structure and upcoming outcomes ahead.
As when looking at my chart we can watch there LINKUSD forming this preliminary important ascending-channel-formation which is normally known as a bearish reversal formation or a bearish continuation formation, LINKUSD has formed also this coherent wave-count within the formation where it has two major resistance-levels lying ahead within the triangle, firstly it is the 50% resistance marked in red and secondly, it is the 38.2% resistance marked also in red in my chart, one of these levels LINKUSD will likely confirm bearishly to the downside and from there complete the whole formation, this will happen when LINKUSD finally moves below the lower-boundary and closes there, when LINKUSD shows up with such price-action it will continue with bearish pressure till the lower ascending-trend-line marked in grey in my chart, this trend-line will be extremely important to hold and necessary to establish a possible bullish recovery from there because when this does not happen and LINKUSD increases with bearish pressure to move below the ascending-trend-line this will show up a more protracted bearish move to the downside within the bearish-continuation-zone marked in red in my chart.
Next times will show how fast and strongly LINKUSD completes the triangle-formation and how strong the ongoing movements will be, in either case, the bearish perspectives testing the suggested lower levels have a high likelihood here and should be planned into the schedule, the whole structure LINKUSD has a more bearish edge when comparing to majors like Bitcoin or XRPUSD, such differences are important to notice and are possible to plan within a considerable arbitrage setting up rightly within the market, for now, it is important to keep patient and elevate how LINKUSD develops under the suggested circumstances.
In this manner, thank you for watching the analysis, have a good day and also good trading, all the best!
"Prospect is the ingredient of good fortune."
Information provided is only educational and should not be used to take action in the markets.
btc analysis for 11-21-2020I am hoping that bitcoin after getting to a major Resistance / higher high for the month, and after rejecting and bouncing off price at 18530.87 four consecutive times , that support is weakend and the new trend is ready to begin. looking for a Break and Retest at the support of 18530.87 then a major downtrend to begin
Possibly see 11500-12000 again soon? Maybe even a...11000 wick-RSI overbought and heading down
-Price has had some separation from TK lines
-.382 and .618 levels looking strong.
-.382 I think is the most probable at the moment.
-Bitcoin is Bitcoin and a .236 bounce wouldn't surprise me at all.
I'm bullish after a bounce
Anyone else seeing the same as me?
Critiques always welcome.
Ethereum in Consolidation, Downward Pressure Still evident!The Bulls and the Bears have been fighting it out for a few days now in a large consolidation pattern! Downward pressure is still evident.
I believe there are two likely scenarios to play out:
Scenario 1: Push to the upper resistance line with multiple attempts to break resistance. Then large move to the downside.
Scenario 2: Capitulation of the Bulls leading to large downward movement to bottom resistance
After this I think we will see if our longer term bull run will continue
Disclaimer: I am not a financial advisor and this not financial advice. Please do your own due diligence when making trades
XRPUSD, Possible Formation Building, Here Are Important Levels!Hello Traders Investors And Community,
Welcome to this analysis where we are looking at XRPUSD 1-hour timeframe perspective, XRPUSD is showing some interesting signs at the moment, while other cryptocurrencies showing more indecisive movements XRPUSD is building a possible formation I detected in this structure which can provide the further outcomes and movements of this coin, in this case, it is important to not get overly speculative as this is happening too often these days, therefore we should wait on proper confirmations as bitcoin for example also did not yet confirm anything in its current range.
Looking at my chart you can watch there XRPUSD building this possible descending-triangle-formation with the upper and lower boundary marked in blue and already touched severally, such formations normally confirm to the upside stating a reversal and bottom building, however, to confirm this formation it is the best when XRPUSD manages to complete the wave-count marked in purple in my chart and to move above the upper boundary with a decisive volatile bullish move, such movements can confirm the descending-triangle rightly and point to a high possible continuation.
Such formation can be traded either aggressively with immediate entry or conservative with entry after the confirmation has occurred, although the aggressive entry is also possible here, the conservative one will be much smarter and should be preferred, considering the conservative entry you can watch the setup for it marked in my chart with the best possible move in a pull-back and confirmation of the upper boundary, when this happens XRPUSD will highly likely continue, otherwise the formation can still invalidate which will happen when XRPUSD does not confirm the bounce from wave-count and falls below the lower boundary, however, this scenario is currently highly unlikely.
Currently, we see the divergences between the individual coins coming to the surface, where we have setups like for example in ethereum or eos which looking somewhat more bullish than bearish while others still struggling, these mechanisms also showed up in the last declines while some currencies consolidating in the ranges there were others providing heavy down moves. Such movements playing into the theory that spread and divergence between the coins increases and that it is better to look for the high possible setups rather than to just take the whole market into one direction.
In this manner, thank you for watching, support for more market insight, good weekend to you and all the best!
"If you have the conditions, you get the results."
Information provided is only educational and should not be used to take action in the markets.
Is this the crash, everyone was waiting for?! 💎BTC/USD🌴FREE UPDATE🌴
- Yello ladies and gentlemen🚬😎💰
💎Bitcoin is once again perfectly following our analysis! Dropped further as anticipated in the last FREE update and recently bouncing, from our support zone ~10,200$.
💎However, we have developed some strong overhead resistance at our previous support zone (11000$-11100$).
💎While this bounce may seem convincing, this is not a reversal signal yet and ParadiseTeam believe, that the market is still quite bearish. Considering the strong sell-off we saw in the US markets yesterday, furthermore, we seeing again a correlation between the S&P500 and BTC.
💎So, another drop in stocks and equities markets, can trigger another sell-off for Bitcoin, with an immediate drop down target at 9100$ if the support at around ~10,200$ is lost.
Is this indicating that Bitcoin will make a new all time high ?!FREE UPDATE
- Yello! Bitcoin just broke 12,000$ ladies and gentlemen🎉 We were the only ones who were bullish on Bitcoin, when everyone started to scream for drop to 9k again… You need to shutdown the noise and listen to PROs😎🍻
💎The DXY is at a three year low. Since the last time we visited this range, BTC made its all-time high.
💎While we are still looking for a daily close a little above 11,800$ to confirm a bullish continuation, this is definitely encouraging the bull right now, however on LTF we should retrace and retest the 11800$.
💎In short, while the USD dollar is weak, BTC, and GOLD (sound money) should remain relatively strong📈
💎What is the DXY? The U.S. Dollar Index is an index of the United States dollar value relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies. The Index goes up when the U.S. dollar gains "strength" when compared to other currencies.