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ONT.BTC (Y20.P3.E1).More to goHi All, Looking at the recent pullback, and acknowledging that the drop or rise in BTC with these impulses has given us many mini Alt seasons. So lets make the most of it. Based on my lines and a breakout from the wedge and a pullback to the 0.5 fib level, can possible allow the flagpole target to be reality. We still have a nice uptrend formation, one of the better structures for the Alts. As per the chart, my 1st target is 0.000074 - 0.000075 2nd target, for the inverse H&S, chart below The only issue I have with this setup is the 2 wicks on the 12 HRLY as it makes the stop limit loss more than I like. Please give me a like or tick for this post. Regards, S.Sari 12 HRLY chart - displaying major levels As the friend said, a inverse H&S as well as the main target
Long
by ssari
6
Ethereum/TEtherUS Elliote Wave setup BinanceHello, Guys Now Ethereum has Riding on impulse wave 5 and has Expected to shift on corrective of ABC wave. When you extend Third-wave that did travel more than 161.8% at 230 of Wave-1 is considered as an Extending Wave. @ 4 Wave completed at 200 Now if you can Like to entry in ethereum according to wave principle you can average your Shorting position until 250 -260 or shorting between this area. Use minimum leverage for creating your average shorting position! Thanks
Short
by Trading_buddy
1
BTC (Y20.P3.E9).Macro.Formation.v2Hi All, This post is a continuation from my previous version 1 post which for now looks like it was spot on. Refer to the bottom of this post for the chart. > Hence it gives me somewhat more confidence to use this methodology for the next round of the cycle since we have the latest price action and what I presume was the top (as we have broken the uptrend with no new higher highs) > This methodology refers to the Inverted BARR approach. Using this to identify 2 potential targets and applying it to the macro structure, it seems there is confluence with the ABCDE elliot triangle correction wave. ( For a TA explanation of this chart, in terms of lead in trend lines and how they are used to deduce the target, then please refer to the post below and a video post to support it) Summary (What to take from these charts) ======================================================================================= > Note: Diamond top pattern, reversal pattern > We have the 10/20 EMA converging around the 8150 range on the Weekly > We have the 100 EMA 7400 range which played a significant role in the past in terms of support > With the Inverted BARR we have the bottom around 6700 and 7000. > Using the volume profile approach, we have 6700 as an area with strong support, so just above it, is 6900. This also has confluence with the 0.5 fib retracement. (refer to chart below) > Looking at the chart, the range from 7500 to 7800 looks like a strong support area which has confluence with this strategy. > So these 2 areas are of interest to me in terms of going in long\strong. That is 6700 and 7500, more so, 6700 to 7000 if I was to choose. > I expect a nice bounce when we hit the 0.236 fib level (double bottom) around 8350 -8500 and 7850 to 8050. > I expect a strong rally at the 0.382 fib level 7450 We plan and the market makers plan, so we just have to take each level as it comes. WEEKLY Chart with 20/50 EMA ribbon and the 100 EMA. One can see in an uptrend, the weekly 10/20 ema played a significant role and the 100 as the V1, Previous post
Long
by ssari
BTCUSD - Is this the final straw??Good morning @everyone We had a decent volume injection overnight, pushing us down, giving us a near 700$ swing. This is a good sign, depending on what side of the trade you're on. Since reaching 10k, we printed nothing but LHs, the move last night was no exception, while we have been toying with the idea of this trendline, I'm not sure how much give it has left. I'm still very much aiming for that 8800 area, the overall market structure (highlighted in while, especially on the 4h) supports this. On the 1D however, we are slowing moving sideways, which is cooling off a lot of our indicators, most of which are moving right and showing no clear direction. AIO Down - 8800 AIO Up - 10000 - 10100
BITSTAMP:BTCUSD
by Unity-Trading-Group
Bitcoin and the Impending SqueezeI believe that Bitcoin is currently in the process of forming a triangle squeeze in a range just under the big weekly sym triangle, with an eye to breaking out of it in early June. My actual prediction for what is likely to happen is that we get rejected again around the 9800 region (if we make it that far, we then fall back down and continue to make higher lows on the daily squeezing into mid June before finally breaking UP out of the smaller triangle we form. The squeeze will be aided by the rising 50 and 200EMA which hopefully will support and squeeze us into this narrow range. Here you go... This is voided should we close a daily below the base support of the prior rising wedge formation we broke out of.
BITSTAMP:BTCUSD
by Richyboy36
If Price Stay Above 8200$ Then BULLISH TOWARDS 10,200$ to 13k$Daily Candle Bullish = Target 10k to 13k Weekly Bullish same trend towards 13k If price break 8200$ then we can see support level 7200$ and 6600$ but this Dump Good to next bull run. Wait for some correction downside 8200$ for long and Halving event might different this time, due to uncertainty of market possible DUMP hard and later on-trend towards ALL time high 20k coming months 🛑SUPPORT/RESISTANCE ✅S1= 8200 ✅S2=7400 ✴️R1=10200 ✴️R2=13000 Please like, share, comments and follow me to get daily base analysis Thank you for your support, I appreciate it.
BITFINEX:BTCUSDLong
by Allmypips