Bitcoin analysis from 1 hour timeframe if closet candle above 34900 this analysis will be canceled
This analysis can be down but if will be break Resistance line 1.27 and can be stay above then this analysis cancelled and ada can be more up
I am sharing this chart to plot the potential patterns and breakouts. Here we see a potential Elliot triangle. I will update the chart according to Cycle Sniper, Breakout Sniper and Price Action Sniper.
Focusing on our most reliable way of identifying market impulses, we found great reason to enter long after carefully analyzing market structure through Elliot (Triangle) Wave Analysis. After completing our last ABC correction pattern, we find price re-testing local support, showing us in lower timeframes a double bottom at our channels support level. Entering Long.
Fundamentalist macro view In a macro sense, we believe that Bitcoin will be able to push for a new high as the latest price action is indicating a symmetrical triangle. This signal accumulation is still occurring. Moreover, BTC broke the $10k level, increasing its chances to visit $12.3k - $13.9k region. In general, any downside price action from the current...
This week i've been paying close attention to absolute correlated and negative correlated pairs. In my previous analysis on GBPNZD we were looking for a Long Opportunity so it's only logical to look for the same in this pair. Here I see a Triangle formed so what I understand from this data is price is respecting its support and pushing lower highs leading price to...
Welcome to my channel Still holding long positions with profit target at 109
TRADING STRATEGIC BINANCE:MDABTC Hi everyone, today's idea is about MDA on Binance, its one of the strongest digital assets that Ive seen. I actually was waiting for this correction to end for a week now, MDA is currently at the point i would be interesting to buy in. Therefore, I am presenting my trading plan for MDA. Spot on DEC 17: Personal Note: It...
Currently looking as if we are going to form a diagonal triangle formation. Make sure to look for an ABC subwave for wave 3 and 4 before assuming that this is actually a 3-3-3-3-3 pattern as wave 2 is not clear. If confirmed on wave 5, we will likely see a strong corrective wave and possibly a continuation of the previous bear market. Will need to confirm first...
Dear all, Here is long trade setup I'm entering. ETH is currently at a key support at $495 dollar and has 3 resistances to overcome (downtrend lines shown on chart) to break out of Bear Market. This trade is driven by 3 main factors: - ETH currently sitting at key support $495 - RSI is oversold - Light bullish divergence - RSI forming falling wedge Please...
Hi all, The past days were range trading only good for leverage. Here is an update on BTC. We can interpret the past price actions as an ascending Elliot triangle. Here at Alteroc, we are anticipating a break-out since the buying pressure is intensifying and the RSI is at a controlled level. Previous long-term analysis based on a several days falling wedge...