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Forecastbitcoin

Bitcoin - next move on 1D!Given our ground zero on 22 June 2021 at 28700 USD, Elliott waves on 1D suggest that 42000 USD was our correction point A. Based on that it is fair to assume that point B would be between 38.2-62.8% Fib that derives from ATH impulse to point A. However, I would consider to go Short at 50% Fib, around 55500 USD area. This where the price can be expected to bounce off the blue trend line and thereafter, drop down to 33300 USD which would be point C. Indicators support feasibility of point B Both RSI and MACD are at the bottom of a falling wedge. Stochatic RSI is in the position of growth. RVI is following an uptrend.
by WallStreetFox
4
Solana Future $$$ Pivots - ExperimentalWorking on an interesting project that will identify future price pivots. Filtering the signal is the most important part and that continues to be a work in progress. You'll see different colored lines, and the width of those lines vary. See notes below. Notes: Larger Lines tend to be more signficant. Oftentimes the larger the space between verticals can indicate a larger move up/down. Sometimes the verticals will indicate a top/bottom and sometimes, when you zoom out, you'll see that the vertical itself isn't hugely significant when zoomed in, but if you zoom out it can oftentimes be a more significant trend change. This isn't exhaustive. I just happened to be messing around with the Solana chart and whipped this together. These verticals are very similar to the Bitcoin chart of course which I spend much more time on, but I am going to work on several to see if I can find any sort of significant divergence between dates/times and the main charts. Good luck. Note 2- should be some pretty significant moves coming up very shortly.
BINANCE:SOLUSD
by xxxSALTHEART
5
Bitcoin - ascending triangle is formed on 15MBased on the formation of the triangle it is plausible to expect the price to go to its resistance level in light red colour. The height of triangle's formation also supports the distance of the price action. Also, the last 3 candles including the one today on 12H show a local trend reversal, which also support current Long. Once the price reaches the green rectangle area around 59200 USD, it will be at the top of its ascending wedge beteeen two green lines. Therefore, a drop to a local support line in pink colour would be expected.
Long
by WallStreetFox
Bitcoin - speculation to go Long on 1D!Yesterday's candle on 1D closed as a pin bar and RVI broke its resistance line and reached 50. Provided that RSI and MACD bounce off their support lines, then it it plausible to expect the price to follow its path as presented on my chart. This is a potential price action for a local correction that may take up to couple of days to complete. The green rectangle represents a good entry point to go SHORT. If price action begins to follow the path then two TP may be available for grabs: 1) TP1 at 62500 USD - first level of correction. 2) TP2 at 65000 USD - this is where we have a 61.8% correction on Fib, ascending resistance line in blue colour, a resistence level based on horizontal volume, as well as a potential formation of H&S (displayed in black colour).
Long
by WallStreetFox
1