Cryprocoin
This H&S leads to 19000$ Traders,
Here we have BTC/USDT 4H chart.
What we have here:
1-Bear trend from the all time high can be broken at 10600 closed candle.
2-Bear trend from 11700 formed a few days ago.
3-Three H&S Pattern probabilities yes ! 3 and I published an idea for them below:
4-The closest scenario here and my humble vision this H&S which has hight from head to line around 80% this means it can lead us to the 19000 region again.
5-Macd and RSI are telling us that we have cross coming for MACD and breaking RSI 50 is possible next few hours.
6-EMA 200,100,12 Will cross each-other if we have bull move.
7-Enjoy trading
Regards,
Mohsen
ETH still in wave (3), top still down the road.I've read others who have called a top for ETH, ot a completion of five waves up for primary wavr one. The mistake many inexperienced Elliott Wave technicians make is failing to account for the subdivisions of an impulsive third wave. I posted my call for ETH lasr week and called for a period of new highs followed by pullbacks as different degree third and fourth waves play out. Once intermediate wave three completes, we should a bigger puulbck than this minor wave 3 pullback in intermediate four (4), before yet another push to new highs in intermediate wave (5).
XZCBTC LongSet a stop - loss below support. If it breaks resistance I see the 3 following targets as shown on the chart. Primary target is based upon multiple Fibonacci alignments at that price level.
Bitcoin Group SE (Germany) / Psychology of MarketThe idea of full market cycles is important to understand. “Where” you are within the current long-term investing cycle has everything to do with your long-term outcomes. The psychology of a major bubble follows a similar pattern, but having risen to ridiculous levels of leverage, has very much further to fall. Much greater collective psychological extremes are experienced in a rare period of manic optimism, and its inevitable aftermath.