Bitcoin - The bottom will be here (89% chance)
I am telling you that the bottom on Bitcoin will be between 9600 - 10300 USD and I expect Bitcoin to reach this reversal zone in summer 2023!
You can place your buy orders here because the reaction on this level will be extremely high, so you can also buy/long BTC for a 50% profit.
The worst-case scenario for Bitcoin is to hit the bottom of the huge channel on the LOG weekly chart, which is unfortunately between 5200 - 5800 USD. But I think it's not going to happen.
If bitcoin falls below 5k, a lot of exchanges will be out of business because customers will leave the crypto space. 99% of people will be out of crypto, and it doesn't make too much sense. In crypto, there is a lot of money to be made for big players. They want crypto to rise as well.
On the weekly chart, Bitcoin has been moving in this massive ascending parallel channel with 5 touches. It's a valid channel on the LOG scale.
Volatility on Bitcoin is at an all-time low, and this should last until we find the bottom.
9600 - 10300 USD is a very strong zone because it is the 0.618 FIB of the previous impulse wave and also because there is an unfilled GAP.
As per my Elliott Wave analysis, the downtrend that started in November 2021 looks impulsive, so there is a high chance to go lower to complete the ABC retracement.
ETH could reach 250 USD and BNB could reach 48 USD. It's a very strong level for these coins that you will see in my next ideas, so follow me and hit the like!
Thank you, and happy trading!
Falling Wedge
COIN-New 52 Week Low!COIN recently made a new 52 week low!
A descending triangle pattern was identified on the daily chart. Price broke below the lower trendline of the pattern.
Also, a falling wedge pattern was identified on the one hour chart. COIN traded in a tight range Friday and closed in the supply zone .
MrALtrades00
BTCUSDT - Basics - Falling WedgesBTCUSDT - Falling Wedges
A falling wedge occurs between two downwardly sloping levels. In this case the line of resistance is steeper than the support. A falling wedge is usually indicative that an asset’s price will rise and break through the level of resistance.
Interesting the 1st wedge target price was hit recently. We're currently in a breakout of another falling wedge .
Zoom out, one can take it that were in one massive falling wedge .
S&P to 3000?Due to inflation and rate hikes we might see new lows in near future. As you can see breaking below 3900 is confirmation of trend will continue to go down. If S&P able to retest 3900 area we can enter short position. Our target will be 3500, 3400, 3200, 3000. And remember we are in huge Falling Wedge pattern.
BTC calm before the storm, be prepared!! Total Market CapHi dear community and my loyal followers. In short I would like to update crypto market from macro perspective.
I'm looking at monthly timeframe and would like to bring your attention to some bullish facts.
As you see Total market Cap tested previous ATH in June 2022, the point which I called and till now I haven't changed my mind. Even the recent dump couldn't make me change my idea coz as you see it is double bottom.
At the same time TOTAL Market Cap tested 0.786 fib level with 12D MACD bullish cross in a bear market which marks Bull market start and the Bear market end. BTW it has never given false signal in the whole BTC history.
As you noticed every time when MACD crosses bullish the bottom was already in which proves my previous analyses about BTC bottom which I called 17.5K in June, the recent dump was a fake breakdown/ bear trap/ with Double bottom + multiple indicator bullish divergences like 2021 69K which was a fake breakout / bull trap/ with double top+ multiple indicator bearish divergences.
At the moment I'm waiting BTC daily candle close above 21.3-21.5K with confirmation then daily candle close above 24.5-25K with confirmation to announce officially Bull market start.
BTC will surprise 99% people who are waiting lower prices like 12-10-8K and doesn't give chance to buy at such low prices jumping suddenly in a crazy way.
If you like my ideas don't forget to like, comment and follow my ideas. I will appreciate any single follow. Thanks in advance.
Daily Falling wedge on GME has just entered the Discount ZoneLooking at this Falling wedge on the daily, a breakout of this wedge could be substantial and shoot this stock back into the 40s with ease. SI is on the rise as is IV, Also SMC showing GME has just entered the Discount zone and grabbed a pretty big block of liquidity. Prem zone on the Daily is sitting in the $43 dollar range.
DOGE - Extremely bearish pattern, buy/long here!
Doge looks very bearish, but this coin is definitely stronger than others. In this analysis, I will tell you where to buy DOGE for a short-term trade!
Doge is not going anywhere; this coin will survive even the most hard-core crash, together with Litecoin and Monero. These first-generation altcoins are solid.
Unfortunately, the chart is printing a descending triangle, which is not bullish. There is a lot of liquidity below the triangle, so the market wants all orders.
I am buying doge exactly at 0.06112 for a short-term profit. I will trade it on the futures market, of course, but you can do it on the spot market as well. Don't forget to set your orders!
From the Elliott Wave perspective, the previous uptrend looks like a 3-wave ABC corrective structure. Not the best sign.
I remember before everyone was buying DOGE like crazy, and now everyone is at a loss. The crypto winter is real; nothing is bullish pretty much. The only way to make money is to trade futures.
I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, profit target, expected duration of the trade, risk-to-reward ratio, or timing.
Why buy doge at 0.06112? because it's the last high-volume node on the volume profile and also because we have an ascending trendline, which should work well together. What's more it's the start of the massive gap.
The 200-day moving average has been tested three times, and it's just too much. It looks like buyers are running out of steam.
There are 2 most likely scenarios. The first is that we will spend more time in this triangle. The second is that we will breakdown very soon.
Thank you!
Possible trend reversal for OrpeaAfter 2 years and a half of its ATH at 127€ (17th Feb 2020) and after losing 95% of its value, Orpea shares seems to be constructing a falling wedge that could lead to a trend reversal.
We can see that volume has been decreasing during the construction of the falling wedge and RSI minimums are increasing, price could break violently the wedge resistance giving a first projection for price objective around 11€.
EURUSD - Massive 22% crash to 0.82! Lifetime opportunity!
The EURUSD is going up right now, but it looks like a dead cat bounce rally. It was a nice short-term bull market! We need to focus on the main direction of the trend, which is bearish.
I think EURUSD will go up to 1.06311, where there is an extremely strong resistance that should be a reversal point.
This is a once-in-a-lifetime chance to short EUR/USD!Follow my calls.
As per my Elliott Wave analysis, we need a final impulse wave to the downside to complete a major impulse wave. Typically, wave 1 serves as strong resistance, which in this case is 1.06311.
1.06311 is a strong resistance because it is the 2020 COVID swing low + wave (1) + 0.382 FIB retracement (wave 3).
You can take profit at the previous POC of the triangle from 2000–2002 (0.88691) or at the previous swing low from 2000 (0.82311).
This is not a trade setup because there is no stop loss, expected duration, risk-to-reward ratio, or timing. I post professional trade setups elsewhere. This is just an analysis.
I am more than happy to provide you with these analyses, so if you like it, hit "Like" and "Follow"!
Tell me in the comment section what you think about EURUSD. It looks like everyone is now extremely bullish, which is definitely not a good sign! The majority is usually wrong.
Stay strong!
BTC broke down from the respected trendline on the hourlyBTC broke down from the respected trendline that was formed on the 11 Nov on the hourly time frame. Could this be a bear trap? BTC still setting higher low though. Now for the bearish scenario i would anticipate more downside to come as on the daily chart we have a large falling wedge pattern. Im looking at 16438.74 for a relief bounce. if that plays out.
BTC 1H & Daily
Bitcoin Bogdanoff - Can this pattern predict the bottom?
The Bogdanoff twins claimed they participated in helping Satoshi Nakamoto build Bitcoin. Is this true or not? Let me know in the comment section right now!
The question is, can this weekly chart's falling wedge and bullish flag predict Bitcoin's bottom? I think it's definitely possible and maybe even likely!
Bitcoin is still very weak compared to the stock market or gold. A lot of people hate Bitcoin and spit on it as well.
This is one of the possible Elliott Wave counts that can predict the bottom as well. As you can see, the previous impulse wave from 2018–2021 was pretty much a textbook wave. What traders usually do is wait for a bearish retracement to buy the DIP. In other words, they wait for the ABC correction to enter the market.
In the current situation, the ABC correction is still developing, and we need at least one more huge swing low to complete this pattern. At this moment, it looks like an impulse wave and we don't want to buy it.
The 0.618 FIB of the previous impulse wave, as well as the start of the POC on the volume profile, make 10 300 USD a strong support.I would not be surprised if the market takes liquidity below the previous swing low of 9825 USD.
I really want a bull market because everyone in crypto is toxic, and of course I don't like it. I like it when the majority of people are happy. Also, I want to open an investment position on bitcoin, but not now.
Maybe the bottom is in and we will go up from here, but I doubt it. The likelihood is now around 25%.I am waiting for the main yellow trendline to be broken before I can change the probability to 70%.
If you disagree with me, let me know in the comment section why. I look forward to your comments!
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Selling West Texas Crude OilThe security shows continuation of it's bearish trend after a sharp bounce from its bearish trend line. Sellers can seek the opportunity to sell on the dip till the next respected trend-line support of 67.7.
(please note: the energy is formed a falling wedge pattern and might change its trend into bullish, so be mindful).
Bitcoin + Crypton (CRP) - This hidden GEM will 100x!
Crypton (CRPUSD) is a hidden GEM with a 100x profit potential. I recommend buying this coin before it's listed on exchanges!
The current rank is only #895 on coinmarketcap; that's why there is a huge opportunity for growth!
This coin is extremely powerful, not like others. Focus on low-cap coins with great potential.
After purchasing this coin, it is important that you inform your friends and others about it so that the price rises and the opportunity for massive gains increases rapidly.
Crypton (CRPUSD) chart: The coin is holding its value extremely well during this massive bear market. The technical analysis is very strong!
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Coin: Crypton - CRPUSD
Potential profit: 100x (10,000%)
CoinMarketCap rank: #895
Crypton current price: 0.64 USD
Market cap: 4,736,720 USD
Volume in 24 hours: 222,977 USD
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What is CRYPTON?
Crypton (CRPUSD) is the monetary unit and digital currency of the Utopia P2P ecosystem. It is a decentralized cryptocurrency where transactions are instant, irreversible, and completely untraceable. When Cryptons are sent, the Peer-to-Peer network of Utopia confirms the transaction immediately, without delay. There is no centralized, or decentralized, authority capable of reversing a transaction on the Utopia network. uWallet balances of Cryptons cannot be seized or even identified by any authority. Crypton transactions are completely anonymous and cannot be tracked on the blockchain. Only the sender and receiver have any record of a transaction. Newly mined Cryptons are distributed every 15min block to nodes helping to maintain the network which meet the minimum requirements.
What is UTOPIA?
Utopia is an ecosystem designed to protect the privacy of interactions and to preserve the security and confidentiality of each participant's personal data. The network went live on November 18, 2019, and is supported by the people who use it, based on Peer-to-Peer (P2P) technology. With no central server involved in data transmission or storage, it has no single point of failure and is truly decentralized. Each node, including your Utopia client, transmits network data using secure Curve25519 high-speed elliptic curve cryptography. The data transmitted cannot be intercepted by any third-party, only the recipient is able to read it. All personal account data is stored on a Utopia user's local device in an encrypted file using 256-bit-AES encryption. Utopia enables users to bypass online censorship and firewalls, allowing them to freely communicate and interact with whomever they want, whenever they want. Users can privately send instant text and voice messages, transfer files, play games and create censorship-resistant group chats, channels, and websites, as well as make and accept payments denominated in Utopia's fully integrated digital currency, Crypton.
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Nas100 clean falling wedge patternNDX looking crispy right now for a day trade. It has created a clear falling wedge pattern at support, which is a good confluence to make some pips. It has already taken liquidity and expect bull take over the NY session, drop what you think in the comment section.