Bitcoin - 30k next stop, then big crash! (whales plan)
This is a strategic plan on how to play the upcoming price action on Bitcoin in the next few weeks. As a trader, you have to see it!
As we can see, Bitcoin pumped with a strong impulse in previous days, and the 30k level currently acts like a magnet because there is no resistance on the way up other than this.
You probably want to trade with the trend, so I would recommend only long positions to increase the probability of a successful trade. I've been using this strategy since the start of January, as you can see on my profile.
After we hit 30k, there will be a tremendous dump, and this dump you can short. We have a lot of confluence to short bitcoin in this region; see my previous analysis in the related section down below for more info.
After we hit 30k, Bitcoin will take a break, and we should see an alt-season. Of course, there will be an initial dump for the whole crypto space first. So make sure you know what to do!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
The price has been moving in the ascending parallel channel on the log scale. This channel is very well respected, and it's very important to watch it because if it breaks, then the uptrend will be exhausted. Make sure you follow me, because I will warn you if this happens! You want to stay updated.
You can see my Elliott Wave count on the chart; we are in the 5th wave of the first major impulse wave to the upside, which is a sign of a huge bull market. Bitcoin could reach 130,000 USDT in 2025 and even more.
Thank you, and for more ideas, hit "Like" and "Follow"!
All of the reasons to take profits or short bitcoin above 30k can be found here:
Rectangle
EURUSD: Waiting For a Breakout🇪🇺🇺🇸
On a today's live stream, we discussed EURUSD.
The pair is currently consolidating within a narrow horizontal trading range after a strong bearish movement.
1.065 - 1.068 is its support.
I am waiting for its breakout (daily candle close below) to short.
The pair will most likely drop then.
Goal will be 1.053
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DXY - 4 HOUR - HIGH & TIGHT FLAG PATTERN BREAKOUTThe DXY has recently been trading in a tight range & has created what is one of the BEST technical setups in the market - the High & Tight Flag Pattern. In this video i'll explain what that pattern is along with 3 ways to potentially trade it.
If you enjoyed the video please do me a favor & hit that like button, also please leave any questions, comments or views below as I do go through & read every one.
Wishing you a great rest of your trading week & until next time
PLAN YOU TRADE, TRADE YOUR PLAN - Akil
MarketBreakdown | Dollar Index, GBPUSD, USDCAD, EURNZD
Hey traders,
Here are the updates & outlook for multiple instruments in my watchlist.
1️⃣ Dollar Index (DXY) daily time frame 💵
The market is consolidating within a narrow horizontal trading range.
Taking into consideration, that the index is very bullish from the beginning of February,
I believe that a bullish rally will continue.
Wait for a bullish breakout of the resistance of the range,
daily candle close above that will most likely trigger a bullish continuation.
2️⃣ GBPUSD daily time frame 🇬🇧🇺🇸
The pair was rejected heavily from a key daily structure resistance.
A rejection candle with a long wick was formed.
It indicates a strong bearish pressure.
I believe that the pair will most likely keep falling.
3️⃣ USDCAD daily time frame 🇺🇸🇨🇦
The market is trading within a wide horizontal trading range.
Its support was reached yesterday and the market was rejected from that.
Probabilities are high that a resistance of the range will be reached soon.
4️⃣ EURNZD daily time frame 🇪🇺🇳🇿
The price is forming a huge ascending triangle formation.
A bullish breakout of its resistance will initiate a strong bullish wave.
Wait for a daily candle close above the neckline as a confirmation.
Do you agree with my market breakdown?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
DOLLAR INDEX (DXY) Waiting For Breakout 💵
Dollar Index is consolidating.
The market is currently coiling within a horizontal trading range.
103.73 - 103.97 is its resistance.
I believe that the next bullish move may initiate after its breakout.
Wait for a candle close above that first, then buy aggressively or on a retest.
Next resistance will be 105.1
Remember, that a bearish breakout of the support of the range may push the index lower.
❤️Please, support my work with like, thank you!❤️
SKL bullish rectangle ez 24 % profit if all will be ok. After the formation of the figure, the price continued to move up, you can try to buy on the spot or on futures with x3 leverage. Risk reward up to 4x
1 TP - 0.04393
2 TP - 0.04914
Stoploss - 0.03654
This is not a financial recommendation. All your actions you perform at your own peril and risk
Bitcoin - 20k or 18k before 40k! CME GAP
The solution to this analysis is to find the most probable reversal point for this corrective move, that is currently happening on Bitcoin.
Bitcoin failed to make a parabolic move. If we compare the start of the bull market in 2018, it was different because Bitcoin parabolically rose. But this time is different!
We must now concentrate on catching the bottom of this correction so that we can ride wave 3. Waves 3 are usually the most impulsive and most parabolic, so you really want to be in the market.
To catch the bottom of this corrective move, we need to use the most effective tools, such as FIB, GAPS, and Elliott Waves. Elliott Wave works best with crypto and stocks and worst with forex, so you want to use different tools for each environment.
On the chart, you can see 4 possible reversal points. Which one do you think is the most probable? Let me know in the comment section; I want to see your opinion! In my opinion, the 0.618 FIB seems the most logical level for a trend reversal.
But POC and the start of the gap at 16859 are also pretty juicy. But it's too low; it's hard to believe that the market will go back to these levels. On the other side, everything is possible.
Also, we have a CME gap on BTC1! futures, which is between 19995 and 20460. The chances of a pullback in this area are very high!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
The true issue and threat is the unfilled GAP between 16.8K and 20.4K. Usually, all gaps tend to be filled. You can do a backtest, and you will see that this is pretty much true. We don't need to close the gap completely, but partially, yes. That's why it's almost a guarantee that Bitcoin is going to touch 20500 sooner or later. It can be this month, next month, or even later next year, in 2024. I hope it's going to happen sooner rather than later!
I am not shorting anything, just to be clear. I rather prefer short-term longs with low RR rather than shorting. I don't want to play against the main trend, which is bullish! I believe we will hit a new all time high on Bitcoin this year or next year.
Thank you, and for more ideas, hit "Like" and "Follow"!
Yemi_Fx1 | Going short on AUDUSDPrice moved out of the reversal pattern (ascending channel) impulsively. Currently I'm waiting for the complete formation of flag continuation pattern.
A risk entry type within the flag at an area of value will be suitable.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
NZDJPY: Classic Range Trading🇳🇿🇯🇵
NZDJPY is trading within a wide horizontal trading range on a daily.
The price was stuck on its upper boundary for 2 weeks.
A double top pattern was formed.
The price has successfully violated its horizontal neckline last week.
I believe that the pair may go lower.
Goals: 82.4 / 81.6
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Welcome to the bull marketHi guys
This arrow that I have chosen is very important. Once I published an idea at the price of 63 thousand bitcoins, called Welcome to the bear market. Now I say, welcome to the bull market.
Be sure to read and like my previous analysis.
I am waiting for the next target of Bitcoin (27400). We will get to that number soon.
Bitcoin -> More Potential To The UpsideHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
Over the past four weeks, Bitcoin had a massive rally towards the upside, rejecting the very strong psychological 16.000 area.
I mentioned this rally towards the upside over and over again, since Bitcoin was also retesting the previous all-time-high of the last crypto cycle in 2018, which is now turned very strong support.
Considering that crypto pumps can last longer than most people think, I am now just waiting for a classic break and retest from a daily perspective to go long on Bitcoin.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
#IWM Russel 2000 looking technically bullishSome real meaningful progression for the bull case in US small cap stocks.
50 dma > 200dma
Price has cleared the critical resistance level between 187-188.
Price has some short term resistance at the 38.2% fib retracement here, but it looks like we should progress to the next resistance level at the 50% fib retracement at 200.
Chart is showing a clear formation of higher swing lows and higher highs.
Hard to be bearish this chart.
Opportunity here to buy the breakout with a relatively small stop as a close below 187.50 might put the bullish case on hold.
GBPUSD: Important Breakout 🇬🇧🇺🇸
GBPUSD was consolidating on a key level within a horizontal trading range for some time.
Yesterday, its support was finally broken with a high momentum bearish candle.
I expect a further bearish continuation.
Goals: 1.213 / 1.202
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Gold (XAUUSD): What to Look At Next Week 🟡
Hey traders,
This week, we spotted weakening bullish momentum on Gold.
The market was steadily growing within a rising wedge pattern.
On Friday, the price has successfully violated the support of the wedge
signifying the initiation of a consolidation.
The price is stuck within a horizontal trading range now.
1911 - 1922 is its support. If the price breaks and closes below that, it will initiate a correctional movement.
Patiently wait for a breakout.
I will post an update once the breakout is confirmed.
Alternatively, a bullish breakout of the range may push the market higher.
❤️Please, support my work with like, thank you!❤️