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Had the level it reacted from on watch in the last update, here are some of my new Elliott wave ideal paths I am watching for.
Bitcoin (BTCUSD): Long Trade Explained ₿
Bitcoin broke and closed above a key daily resistance on Sunday.
The market is currently retesting the broken structure.
Analyzing the reaction to the underlined blue area, I spotted a tiny double bottom pattern on 1H time frame.
The price has successfully violated its neckline.
I recommend buying Bitcoin.
Goals: 28050 / 28400
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AAVE, Maria. If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Not financial advice, you do you
Looking for a potential move down here but a flip of the 66.92 level would be ideal for the bulls.
CRV, give it to me straight!If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
At an important level here, watching for how PA prints from here.
If it bounces, could be some kind of running or expanding correction coming in.
I am anchoring the count based off of an impulse down, due to sharpness, so looking for an impulse to complete the ZZ. It may be some kind of 2xZZ as well, but I have some long entries planned as well if that is the case.
Cheers!
Bitcoin traffic light scenario🚦Remember my Bitcoin traffic light scenario🚦
🔴Bearish phase
TKD indicator turned from green to red
🟡BTC accumulation phase
TKD indicator forms a top
🟢Bullish phase
TKD indicator turned from red to green
We are on track dear Crypto Nation😎
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
IS LDO READY FOR THE MEGA BREAKOUT $4.40 ? LDO is one of the coins we follow for the long term.
Trending chart showing that this coin is able to make a Mega breakout coming time, but first of all, it's important to know that we are into a bear market, and even on this trend LDO still seems to have some interesting increase effects.
$2.50 is an important target where our focus is for the coming time, with the possibility of a high 4 USD.
We follow the most coins data online live, LDO shows a difference in data depending on increased view than most coins.
CARDANO (ADAUSD): Very Bearish Setup Explained
ADAUSD formed a huge head & shoulders pattern on a daily.
Forming the right shoulder, the price also made a descending triangle pattern.
Both the triangle and the h&s had the same neckline.
It was broken yesterday and a daily candle closed below that.
I believe that the coin may drop lower now.
Goals: 0.346 / 0.325
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ETH to The $300-400 Liquidity Zone Just making a short projection. I don't want to spend the time making any long posts at the moment, but I do want to provide some quick updates. My guess is the long term uptrend for ETH will break in the upcoming months, resulting in new bear market lows for Ethereum. I think there's a decent chance it'll enter that green zone on my chart. All my fundamental reasonings can be read in prior posts, though I will point out that there have been continuous, large ETH exchange inflows over the last couple weeks.
I also believe ETH/BTC will begin to really break down soon after breaking its long term uptrend. Let's see what happens!
Currently, ETH is resting on a recently broken downtrend from a falling wedge. In crypto, I find that falling wedges rarely result in sustained upside beyond a momentary false breakout. I think confirmation here will be if ETH breaks back into the wedge, closing below today's low.
As always, this is not meant as financial advice, but for speculation and entertainment only. Thank you for reading!
-Victor Cobra
Huobi (HT)Huobi Global’s majority shareholder Leon Li has agreed to sell his entire stake in the crypto exchange to Hong Kong-based investment firm About Capital, reportedly spearheaded by Tron founder Justin Sun. Huobi price today is $4.94 with a 24-hour trading volume of $49,600,236. HT price is up 19.6% in the last 24 hours. It has a circulating supply of 130 Million HT coins and a total supply of 500 Million
the next target for HT is 6 - 6.8
AVAX flat personality!If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Its got some Elliott wave flat characteristic, but have to wait for the C wave to know for sure... Flats usually happen after or before extended waves so would be an nice pattern to trade, if it plays out.
Cheers!
DOGE: SHOWING UNEXPECTED INCREASE VIEWSince today Doge showing an interesting view for an uptrend, normally we would not see a reason at this moment why Doge should increase, but out of that Doge showing unexpected price action on TA.
There are some patterns in doge showing that this coin has a good chance of breakout coming time.
At this moment we would not know a reason why doge should increase, but following the price, action can bring us to the right trend.
Let's see how doge will do coming time as it's normally a not-choice coin for trading.
SasanSeifi 💁♂️LINKUSDT /LONG VIEW 👉3D ⏭$8.50/$9.50 ⬆ Hello everyone ✌ As you can see, in the long-term of 3 days, the overall trend is fluctuating between $5.34 and $9.50.Currently, the price is trading in the range of 7.50 and it is above the EMA 60 range.
. Considering the behavior of the candles and the breaking of the dynamic resistance, we can expect that the price will continue to grow up to the range of $9.50 if it stabilizes.
Possible trends are indicated on the chart.
Keep in mind that for a positive trend scenario, it is very important to stabilize the price above the $8 range.
The important support range is $7/ $6.35.
❎ (DYOR)...⚠⚜
What do you think about this analysis? I will be glad to know your idea 🙂✌
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SasanSeifi 💁♂️BTC/1W ⏭ $30.000 / $32.000⬆HI Everyone✌As you can see, after being rejected from the important $24250 range, BTC faced buying pressure by filling the FVG range and was able to grow to the $29000 range.
Currently, the price is trading in the range of $27500. Considering the failure of the important resistance of $25,250, we can expect the price in the long-term time frame, after a slight correction from the range of $25,300 / $24,600 / $22,900, to continue to grow up to the desired targets of $30,600 / $32,400.We have to see how the price will react to the support ranges. Otherwise,If the price penetrates below the $22,900 range, the possibility of further correction can be considered.
Keep in mind that for the $36,300 target, it is important to stabilize above the $32,000 range.
❎ (DYOR)...⚠⚜
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Polygon (MATIC) ATH !Polygon price today is $1 with a 24 hour trading volume of 2.6 Billion dollar. MATIC price is up 17% in the worst days of crypto market
bear market is the best time to build and Matic team used this opportunity splendidly, they partnered with Nubank, Meta, Reddit and other good banks and companies
now on btc pair we back to ATH again and usd pair hold its up trend . if you managed to buy it at 0.00002 its time to take some profit and have some fun and If you waiting for scalp then we still need to break 0.000066. right now Matic do a healthy correction and if BTC recover we ready for new ATH
what do think about Matic chart?
Bitcoin And The 3-day 50 MA - A Chance For $30k
Back in April, when Bitcoin was still well above $30k, I wrote about why I thought it could fall straight to $20k. The analysis ended up proving correct. I was looking at the 3-day 200 MA and the 3-day 50 MA.
This is my first "long" idea for Bitcoin in a little while. Although my feelings about Bitcoin and crypto have soured since roughly one year ago, I don't want to let my bias get in the way of simple chart analysis. As you can see, Bitcoin is again butting up against the 3 day 50 MA (red). I suggested a couple weeks ago that Bitcoin could potentially begin an uptrend:
Part of my reasoning has been that at least until U.S. midterm elections, we could see some recovery in markets to create some momentary optimism. This idea was presented here back in July 2022:
This is partially why I'm still being careful here.
Anyway, to the current analysis:
If you look on the left side of the above chart, you can see its importance as resistance during the last bear market. You can also see that we are now a long ways away from the 100 and 200 moving averages (yellow and teal). This means there is plenty of room for Bitcoin to correct to the upside. Should we see a bigger rally for Bitcoin, unless Bitcoin dominance drops, I do not think there is enough evidence for me to say it's likely to sustain. I still think it's fairly likely to print a lower high and head to some unbelievable lows in the future. But for now, there could be some upside to be had.
On the bearish side, I wouldn't want to see Bitcoin heavily rejected above $21k and unable to reclaim the uptrend I drew some time ago. You can see that structure here:
I also think a break back below $19.8k is likely to send Bitcoin towards the $18k support level again. But for now, it seems buyers are in control. Another thing that continues to concern me is the outperformance of altcoins, coupled with skyrocketing open interest each time Bitcoin moves up slightly. Bitcoin is up just over 3% so far today, yet open interest has climbed a staggering 8% to $32.5 Billion. That's a lot of potential leverage on the table, and I don't put it past big crypto actors like SBF and CZ to use everything in their toolbox to prop the market up. As I've mentioned, I do not really advocate for continued price appreciation in this space because I believe it to be mostly smoke and mirrors and a zero-sum game.
Although people lose just as much in the stock market, stocks are not zero-sum since companies have output. Bitcoin and other cryptocurrencies do not have any output, so continued price appreciation is just "money better spent elsewhere" in my opinion. Pardon my bitterness, but this is why I feel frustrated these days when I see crypto prices go up.
As always, this is not meant as financial advice. This is meant for speculation and entertainment only. We will see what happens!
-Victor Cobra
Let's Suss Out The 2023 Market Hey everyone, here's a quick video update. It looks like there's something wrong with Tradingview's screen record function, so it's possible the video will not show up. In that case, this will be audio only and there's not much I can do about it.
Finally had some time today due to a light workload this week (gotta love religious holidays). In this video, I talk about DXY, Bitcoin, Ethereum, Litecoin, XRP, and BNB. I hope you enjoy!
This video is meant for speculation and entertainment only - not as financial advice.
SasanSeifi 💁♂️CHZUSDT /4H ⏭ 0.13 ⬆Hello everyone ✌ In the time frame of 4 hours, as you can see, the price in the range of 0.1200 is gathering VOLUME and fluctuating.
Possible trends are shown in the chart. If the 0.1180 range is maintained, we can expect the price to grow up to the FVG 0.13 range and then face a correction by filling the gap.
Otherwise, the possibility of further correction up to 0.1135 range can be considered
❎ (DYOR)...⚠⚜
What do you think about this analysis? I will be glad to know your idea 🙂✌
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