Ethusd well that was easytaking into consideration, most of all of my trend analysis are right on the money. levels might be off by a little. point of the story is . Ether is about as predictable as my morning shit. that being said, i always wipe my ass and you should too. meaning stick with the levels and take profit. ALWAYS wait until the price reaches your level (make sure its not a shitty one, stay away from retail , fomo) and you have a proper stop loss you really cant loose money unless your not trading in the level or you place a trade mid range. don't be dumb always wipe. we have a new higher low here today at around 1005.75.. gotta have a close above this zone before you make any calls . remember, were in a bear market so any buying is temporary as of yet, for the next 9 months we in a bear market I'm assuming we range here. (880's - 1800's) with the spy and qqq untill 2024. heavy eye roll
Cyyptocurrency
BULLS? BEARS?✅ PREVIOUSLY ON ETH
The price has formed 012345 waves from 1700 to 4027, then dropped to 3005
✅ WHERE WE ARE ATM
It's a little bit difficult to think what number 3005 can be, A(still bearish) or 0(the beginning of the bullish impulse).
So I made 2 scenarios.
✅SCENARIO 1(still bearish)
If 3005 is A, Fib61.8(2589) can be the target.
✅SCENARIO 2(already bullish)
If 3005 is 0, it's the beginning of the bullish impulse.
It's sort of late to take a long position at the moment. My motto is to take a long position as low as possible.
So if 3005 is broken, I'd consider taking a long position at Fib61.8(2589).
So I'd choose scenario 2.
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
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LONG DASHUSD - Pefect JunctionPrice action just fell out of both of my custom bollinger bands. It's at a cross roads for the trend to continue upwards. It appears to have been in accumulation for quite some time and it just had a push down that may give the bulls the go ahead. And with Crypto , there's still time to analyze to see where you think is the best entrance. Mine is as shown 76.20. I should've waited just a little longer. but oh well. I believe this is a goof position.
LBCBTC | Key Pivot Point | Channel Support | Volume InfluxToday’s analysis – LBCBTC – Testing key support, price holding this level forms a higher low; first signs of trend continuation.
Points to consider:
- Macro-trend bullish
- Key level- channel support
- 21 EMA- visual guide
- Volume influx
- Oscillators oversold
LBCBTCs macro trend is bullish with consecutive higher lows and higher highs forming a probable ascending channel. This projection gives us a bullish bias on the market.
Price is at a key pivot point, channel support, respecting and holding above this level backs the bullish bias.
The 21 EMA acts as a visual guide upon strong trend continuation as it is historically respected by price action.
Recent volume influx solidifies channel support as a key level. Volume must remain above average to maintain a trend continuation and avoid any fake-outs.
Both, the RSI and Stochastics trading below 50, recovering from oversold conditions, a sign of weakness in the immediate market. However, further consolidation above 21 EMA will allow oscillators to recover with ample space to the upside before reaching overbought conditions.
Overall, in my opinion, as price continues to hold channel support, a long trade is validated upon an S/R flip of the 21 EMA with the immediate target being channel median.
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
AGIBTC | Resistance Confluence | Head and Shoulders | S/R Flip Todays Analysis – AGIBTC – rejected from structural resistance, trying to bottom with probable inverted head and shoulders.
Points to consider:
- Multi-resistance Confluence
- S/R Flip (trend reversal)
- 21 EMA (visual guide)
- Declining Volume
- RSI above 50
- Stochastics Overextended
AGIBTC currently retracing from resistance cluster where the .382 Fibonacci retracement, 200 EMA and structural resistance coincide. Thus, a successful S/R flip of the resistance cluster will be bullish and indicative of a trend reversal, also validating the head and shoulders pattern,
The 21 EMA will act as a visual guide, price respecting and trading above this indicator is deemed bullish.
Volume is steadily declining, a sustained increase in volume is needed and will be supportive of the S/R flip and solidity of the price action.
RSI ranging above 50, establishing consecutive higher lows showing strength in the market.
Stochastics currently overextended and may remain in this region for some time, however, a buy cross will indicate a momentum shift, coinciding with the possible S/R flip.
Overall, in my opinion, AGI is trading at a key location where a long trade is validated upon an S/R flip re-rest with technical target being structural resistance.
What are your thoughts?
Thank you for following my work and development as a trader!
As always,
Focus on you, and the money will too!
REN/BTC Bullish Price Action | Structural Support | Trade SetupREN/BTC
Overall healthy uptrend with strong bull volume follow-through
A recent strong push to 1.618 fib extension
Currently retraced to .618 fib retracement in confluence with structural support
Break out of counter-trend wave validates next target of 2.618 fib extension, also in confluence with structural resistance
NEO USDTHi there, it appears that we hit the previous targets set out in my last analysis all the way up to $12.30 - we saw quite a big retracement down now and found some support at the EMA 250 around $10.90 which took such a long time to break i expect it to act as a fairly strong support level, however we could see a wick down to around $10.59 where the fib and the local trendline channel appear to meet.
Right now i expect either the cup and handle formation to play out and we see a bounce up to around $13.15 and can then book some profits, or we may see that invalidated and we may trade in a range between the 250 and 300 EMA which seems to have acted as a resistance for now. Reminder, it has been a long to since we saw NEO trade above the 300 EMA so if that were to play out i think we could be looking at some strong moves to the uptrend. As for now, i will sit out and see which scenario plays out.
If we can break and start trading above $11.75-$11.80 zone i think we could see the cup and handle scenario play out, so overall i am leaning more towards a bullish bias as of now. It feels more as though buying dips instead of selling tops is the feeling around but of course trade carefully and do your own analysis before opening up any trades.
SHORT Elliott Waves + Fibonacci technical analysis for Bitcoin.Looks like a BTC bear flag to me. In addition bitcoin retraced 0.382 of 5 waves down, did an ABC and looks like we might do another 5 waves down, if anyone follows Elliott Waves + Fibonacci like I do, I do not see anything bullish yet for bitcoin. There is the possibility of making one more leg up, which if it did i can see 7.4max, but it's unlikely. Risk to reward ratio for a short is very good, only thing to note is that the volume profile doesn't fit exactly, high volume consolidation, so keep this in mind, though i'm short from 0.382 fib of $6877.
BCH (Bitcoin Cash) Breaking UP/Out of Triangle/WedgeThis current wave of selling is possibly the last chance to get in at this price level in this rising support channel before breaking UP in the direction of new ATHs (All Time Highs).
Whether it is a Triangle, Wedge , Flag, or Pennant , the channel is rising and the breakout is beginning to build bullish buying signals....
All of the many channels are pointing nicely upwards. The Buy Zone to get into BCH ( Bitcoin Cash) at bottom channel prices is steadily rising, bouncing off, and testing bottom support of, the upward curled 50 EMA (50 day moving average) on the 4-hour and daily charts . As slow as it may have been these last days of the market correction with light holiday volumes, it has left the door open for those wanting to get more into it. MACD and RSI are both breaking up with lots of room to move off these steadily rising support levels of the upward price channel . So all systems (signs) are UP from what I see for whenever the volumes move back into normal gear, which will more than likely pump the price action more in the general upward trend this building support channel is carrying us.
Bitcoin Cash (BCH) cost ONLY 0.1 - 2%
of what it cost to send Bitcoin (core) ( BTC)
(from our research experiments...)
Thus, Bitcoin Cash is 100 times a better Medium of Exchange than BTC
and is still valued less than 1/5th. You do the math.
Looks like lot's of upside there to me to me... ;)
Basic economics for a crypto "currency" to succeed as a "medium of exchange" is that it must beat out the competition in cost, speed, reliability and security - with emphasis on COST.
If noting else, I consider these good well-thought-out reasons to at least hedge Bitcoin Core (BTC) bets with Bitcoin Cash (BCH).
Of course, "this is not financial advice". I'm just sharing my research, thoughts and ideas.
Wishing you all Happy Holidays and
All the very best wishes of luck in your trading ;)