The beginning of the uptrend in Wave 3 with target of $ 40
The first uptrend ended in the range of $ 9.82, in continuation, the corrective movement of that has finished in the range of $ 1.96. By drawing the channel line, we can set a $ 40 target for this token.
In the daily chart, the first 5 ascending waves which were able to cross the end of wave B, confirms the uptrend (wave 1)
( Daily Chart )
In the 240-minute chart, the first wave count from the uptrend waves and its corrective movement has been specified. By crossing the price from the specified trend line, we can get the confirmation for the uptrend. Needless to say, the main confirmation can be received by crossing the price from the range of 6.94, which should cross this range with 5 ascending waves.
*Finally, my personal strategy:
I will go long when the trend line is broken.
Marketanalysis
UK100- Expanded Flat patternIn the 240-minute chart, due to the 5 descending wave movement to the range of 6315, there is a scenario that, we encounter 5 more downtrend waves. The corrective movement of these 5 waves have been completed in the range of 6793 and the first wave from point 3/C has been finished in the range of 6535. In wave 2, the Expanded Flat pattern is formed.
By break down of the downtrend line in the 60-minute chart, hopefully, we can expect the continuation of the downtrend with 6150 targets.
The end of wave 4 with Expanded Flat patternIn the daily chart, the 4th wave from the sub-waves of 3rd wave has ended in the range of $ 21, and the uptrend has started. The initial target for wave iii is around $ 55. In addition, the main target is heading toward the range of $ 80.
Complex Corrective movement in Wave IVBy the end of Wave III in the range of 2075.14, the corrective phase has begun in Wave IV. Currently, and given the 5-wave corrective movement, there is a scenario that we are encountering a complex corrective movement that will be ended in the range of 1630 to 1680 dollars. Needless to say, the level of $ 1802 is a very important range, and if the price crosses this range, probably the corrective movement of wave IV is over.
The diagonal pattern in the range of $ 3.08
( Daily Chart )
In the daily chart, the first 5 ascending waves have ended in the range of $ 3.40 and the price has entered the corrective phase of this uptrend.
Note that this is one of the most likely scenarios.
The first corrective wave is finished around $ 2.25 (a wave a) and the corrective movement of this wave is around $ 3.08 in accordance with the RSI.
In the 240-minute chart, you can see the structure of the sub-waves, and in the 60-minute chart the price is currently in the first descending trend, which could fall to the short-term target of $ 2.53.
Very important notes:
The long-term target for natural gas (XNG), as has been shown in the daily chart is in the $ 1.92 range, which is the overlapping point of the two Fibonacci ratios.
- The trend line drawn in the 240-minute chart is very important and the price should be fixed below this range to confirm this scenario.
Loombtc- Bullish diagonalIn the 60-minute chart, the first 5 ascending waves have been completed in the range of 265 Satoshi, and currently the price is in the 3rd wave from point 3, which can move up to the range of 366 Satoshi and even more.
To get the confirmation for the uptrend, the price needs to cross the range of 243 Satoshi.
NANOBTC - Bullish DiagonalOn the daily and 240 -minute charts, the downtrend is broken, and we are waiting for the price increase.
The interesting point about this chart, is the Diagonal pattern which has formed in the 60 -minute chart.
The first ascending wave is completed in the range of 0.0001216 and its corrective movement is finished in the form of 3 waves with the Diagonal pattern in the range of 0.0001061.
By crossing the price from the range of 0.0001129, the first target can be in the 0.0001582 area.
EURJPY - Diagonal PatternIn the weekly chart, the Triangle pattern is broken and the uptrend is almost being confirmed
(Weekly Chart )
In the daily chart, by completion of Wave 2 in the range of 114.39, the uptrend has started in Wave 3, price is currently in this wave of which the targets of the uptrend can be in the range of 133.
(Daily Chart )
In the 240-minute chart, the wave counting has shown that, corrective movement of wave 2 from sub-waves of wave 3 has been finished in the range of 38% Fibonacci ratio. The most important point is that the Diagonal pattern has been shown in the one-hour chart.
By crossing the price from the range of 128.66, this scenario will be confirmed.
Weekly Outlook! 3/1 - 3/5Here we go over last weeks video and we take a look at a few things we are keeping an eye on for the coming week!
polkadot - Bullish TriangleIn the 240-minute chart and in the 4th wave, from the sub- waves of 3rd wave, a triangle pattern has been formed, which is being confirmed by crossing the price from the range of 35.66, and can form an ascending trend up to the range of $ 64.
OH MY GOD!!! Bitoin going to crash!!! We're going to down!!!The market it's make bearish in H1 and H4 confirmed. At the moment, I put my sell order limit at $49,000 USD towad the $42,000 USD.
There's an interesting short position in this zone of $49,000 USD to sell Bitcoin. And my SL it's around of $52,500 USD. Guys, inevitable, I'd reccomend to closed up your long position in Litecoin, Ethereum, Cardano and Bitcoin Cash as crytpomarket it's turn bearish and also, we hope more opportunites to bought more cheap.
This it's the H4 screenshoot. We see that Bitcoin formed a bearish risign wedge, and I calculate my objective to the support of $42,000 USD.
Daily chart it's look the bearish panoramic, that it's a correction before to continue up, and we see a bearish divergences in the RSI and price action too
And finally, in 3 Daily chart, we see that Bitcoin it's formed a bearish divergences in the RSI and price action. That it's a market correction.
For that, I will going to short Bitcoin!!! I hope that tis analysis it's support you and understand what happened in the crytpo market.
BTC Sell Off Here is What Happened and what you can learnHello and Thanks for stopping by, this is my first tutorial post so go easy on me haaaaa
Ok well all is self explanatory really as you can read by the chart .
Lessons that can be learned from this can be repeated over and over again but the truth is we will always see the same scenario playing out over and over again because that is what feeds those who are succesfull at trading .
Simply put what you see on the chart is a example of greed and stupidity, Ok we have seen it all 1000s of times before but someone out there does not want to make the same mistakes again and this post is designed to help you better prepare yourself for this eventuality and give you some positive guidelines to improve as a trader .
1, Do not Long Tops and dont short bottoms . FOMO might work some of the time but most of the time you will regret it
2, Plan the Trade and trade the plan or you will only plan to Fail
3, Patience always pays * wait for the Retrace or the breakout depending on the trade you want to take with a solid plan in mind
4, Always use a SL and know when and where you are wrong. Risk management is so important learning to protect your capital keeps you in Business
5, There is a time and a place for Leverage learn this without going BUST
6, Understand the importance of Position size and use a Position size Calculator if that makes it easier
7, Learn the power of Footprint Charts and how to use that candle Data to your advantage. Seeing Millions at the top or bottom really is a great advantage
8, Take profits on the way up or down at strategic points , Locking in profits guarantees you get paid and you wont get caught out being Greedy
9, The market has no emotions only traders do ! If you are emotional you are probably taking too much risk of your capital...
10, Accept that being wrong in Trading is Normal, provided you calculate every trade you will only lose the minimum and live to trade another day
11, Most of the time There will always be that grab Liquidity move, up or down, remember that ! Rather than placing a SL where its crowded. Don t think Like the Herd
12, Learn why Open Interest is important and how funding impacts you ! This is probably overlooked by many whom trade BTC Perpetuals
I will leave you with this Quote " The Market does not know you exist. You can do nothing to influence it. You can only control your behaviour"
Thankyou for reading my post and I hope it helps somebody .
DXY 1H timeframeHello Traders and welcome to our channel. This is our thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If u have any additional questions let us know in the comments and we will provide you with the answer! Market Analize Team wish you a successful trading week
UNISWAP-Ending diagonal patternIn the 240-minute chart, the first 5 ascending waves are completed in the range of 61986 Satoshi, and the corrective movement is completed in the range of 34774 with Ending Diagonal pattern. Due to the price increase, there is a scenario that wave 3 has been started, the initial target of which is 134977 Satoshi and the final is the targets of 235459 Satoshi.
KNCBTC-The formation of a very strong uptrend in 3 / C waveIn the daily chart, the first 5 ascending waves have been completed in the range of 21818 (1 / A), and its corrective movement has been completed in the range of 2210 with 3 descending waves.
By breaking the downtrend line, we can consider it as the advent of an uptrend in the 3 / C wave, however, we can receive the main confirmation when the price crosses the range of 7025, which is the end of wave iv.
The formation of the Diagonal pattern at the end of 5th waveThe formation of the Diagonal pattern at the end of 5th wave from point b
First, let's take a look at the weekly chart. The first uptrend ended in the range of 49.83, and the price is in corrective phase for this uptrend, which can be extended up to the $ 8 level.
( Weekly Chart )
In the corrective phase of (2 / B), there is the possibility of the termination of wave A in the range of 13.65 and also wave B is in the form of Expanded Flat, which might be finished in the range of $ 30.09.
In the daily chart, by ending the b wave from point (B) in the range of 11.63, according to the Expanded Flat pattern, we should have 5 ascending waves, which are completed in the range of 30.09 and the Diagonal pattern is formed in its 5th wave.
If this pattern is being confirmed, i.e., the price can cross the range of 24.06, we can expect a downward trend with very high targets, although the initial target according to the Diagonal pattern could be in the range of $ 21.66.
The Triangle patternThe Triangle pattern is forming in wave 4 from the first ascending wave of point 3
As you can see in the image, the uptrend is completing in the first ascending wave from point 3, currently, the price is in wave iv of this wave. The triangle pattern is formed and by crossing the price from the range of $ 34,985 we can get the confirmation for the uptrend, and we can go for the first target of $ 54,700.
Coti-The beginning of ascending uptrend for the target of $ 0.33The first 5 uptrend has ended in the range of 0.098, and also its retracement has finished in the range of 0.02596 with the Diagonal pattern.
Currently, the price is in wave iii from point 3 / C, the end of this wave is price area of 0.33., however, it should be noted that, this price is the first target, we can expect a price increase up to 90 cents.
Q: Can I sell Bitcoins for a short time?A: As you can see in the daily chart, there is a very strong uptrend, which has been extended up to the range of $ 411950. In this range, wave III is over and we should wait for the retracement trend of wave IV. Since wave II had a short corrective movement, correction of wave IV could be long and extended up to the range of 0.618 Fibonacci ratio.
The drawn trend line is very important.
(Daily Chart )
Monitoring 240-minute chart for a detailed review of wave IV:
The price decline in the range of $ 29,241 is in the form of 5 mixed waves, which can be a Leading Diagonal pattern. The upward movement in the range of $ 40,955 is in the form of 3 waves. Also, the RSI was unable to hit the above 20-day moving average. In addition, we can see a decline in the volume at the MACD. Given all of these signs, by crossing the red trend line, there is the possibility, the movement for the downtrend for the range of $ 22,750 has been started. The main confirmation for this downtrend can be received by the price crossing the $ 32171 range.
This is a warning note, please study the descriptions carefullyThere are two scenarios for Ethereum, of which both are descending!
In the first scenario, which is shown in the 240-minute chart, the uptrend from $ 910.82 to $ 1763 is in 3 waves format, and it is likely that we encounter the Expanded Flat pattern. In this case, with the price crossing the range of $ 1271, we should expect a downtrend below $ 1000, up to the range of $ 870 to $ 760.
In the second scenario which has been shown in the daily chart
The first uptrend has ended, of which the 5th wave has been (Extended Wave), by crossing the price from the range of $ 1271, we can predict for the second time, the expansion of downtrend movement up to the range of $ 800, which is the corrective wave for downtrend of wave 2.
(Daily Chart)
**This case has been seen in all cryptocurrencies except Doge, of which the situation is in favor of this currency, due to its widespread support in this descending trend.**
Gold-The completion of the first descending waveThere can be many scenarios for gold
One scenario is that the first downtrend has ended in the 240-minute chart and the corrective movement of the price can be in the range of $ 1892, and in continuation the downtrend can be expanded for the range of $ 1645.
On the daily chart, we are expecting the downtrend up to the range of $ 1645.
( Daily Chart )
USDCAD-Waiting for the downtrend expansion As you can see in the daily chart, we are waiting for the descending trend up to the range of 1.2039.
In the 240-minute chart, wave iii from sub-waves of (iii) has ended in the range of 1.2588, and its correction has ended in the range of 1.2882, the price currently is in the last wave of the downtrend, in wave (iii).
The termination of the Diagonal patternLet us first point out that the price is forming a Triangular pattern in the weekly chart. The price is currently in wave D of this pattern.
(Daily Chart)
In the daily chart, the first uptrend (wave A) has ended in the range of 111.68 and the price with the Diagonal pattern has completed the corrective phase of this uptrend in the range of 102.59. By crossing the price from the range of 105.67, the initial confirmation of the uptrend will be received, and now we need 5 waves pattern.
In the 240-minute chart and by monitoring the details, we see that 3 waves out of the first 5 waves are composed, and the price can extend the uptrend after a corrective movement that can be developed up to the range of 105.19 to 104.84.
The range of 104.39 is very important to us.
