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BTC trend reversal, BTC scenario I'm expectingI expect BTC sideways action between 39.5-53K ranges by 2022 March. Then I expect BTC rally. At this very moment I'm watching the scenario I posted in this chart. I think BTC has bottomed at 39.5K/maybe, but less likely one more touch to that point/. As you see, Double bottom pattern is a reversal pattern. And BTC did it when dumped to 39.5K on on January 10th 2022. It was September low and our double bottom. In coming days I expect Mini double pattern plays out and causes to falling wedge breakout with retest. The blue line shows the path I think BTC will follow. What about coming death cross, I think it will be fake out. MACD bullish cross with the pump is coming))))
Long
by ergal91
Has BTC bottomed at 39.5K? Welcome to this analysis about BTC . We are looking at the daily timeframe perspective, the recent events, the established daily falling wedge and some indicators. BTC hit my last and main support at 39.5K September low and made double bottom and rejected at support area with strong buying pressure. It is obvious there is a huge buying demand AT 39.5-40k level. At the same time BTC created a daily huge falling wedge and need to break it up to stay bullish and continue its upward movement. It has to hold 39.5K keeping bullish perspectives. If we lose this level and close weekly candle below 39.5K, more likely we are in a bear market and BTC topped at 69K and we'll see sharp and quick dump to 30K then 20K. But if we see strong bounce from this region to 46K then 52K and close weekly candle above 21, 34 weekly EMA and 50 weekly MA . The mentioned scenario will increase probability to make new ATH and more likely BTC enters to super cycle and we'll see 100K + by 2022. At this moment BTC is in a critical point and is consolidating at the main horizontal support at the lower band of Keltner channels which is not a good sign. BTW daily RSR is an oversold territory and MACD is in a bearish cross which is sign of losing momentum but at the same time we noticed stochastic bullish cross above 20 that could change our momentum to the upside. Another bullish and bearish signs, scenarios we'll discuss at the weekly timeframe a little bit later where I would explain why I think if BTC loses 39.5K level we are in a bear market. Thanks for your reading.
Long
by ergal91
GBPJPY SCENARIOAnalyzing the 1D and 4H charts, I will continue shorting. Yesterday my sale from 156.020 has fallen to the level of 154.9xx making a movement of 112 pips, if you have followed the analysis it is smart that you have put the SL in the entry price since a movement of 112 pips is a very considerate descent. We are in an important selling area in which we have to be very vigilant as we approach the 158.2xx level, the previous high of October. If the price exceeds this level, we can aim to buy close to160.2xx level, but in case that the price rebounds in the current zone, we will continue to sell up to the levels established in the previous long-term analysis. IMPORTANT INFORMATION TO CONSIDER: Last month, GBP interest rate has been raised during the month of December, which means that there is a high probability that we will break the 158.2xx level and go aim for 160.2xx level. On the other side, from my point of view, the price increase due to the interest increase is comig to an end soon and with the increase in COVID cases in England it can affect the price considerably. Another highlight is that the Japanese Yen has been bearish for some time and it is very likely that we will soon see a recovery which means the decline of the GBP / JPY. How am I going to operate it: I will make another sale with an SL above 158.2xx (Applying risk management, I adjust the lot according to my capital), and in case the price touches my SL I will wait for a re-entry for the purchase with the aim of reaching 160.2xx . Since this pair is very volatile, I will be vigilant as the price can go directly to 160.2xx without making any retracement and I would wait for another opportunity to enter the market. The divergence is still valid on the 4H chart, therefore we can add the 153.7xx level as our first target. This objective will be invalidated if the curve of the AO indicator exceeds the yellow line I have drawn over the indicator. I accept any additional information or comments regarding my analysis.
by MrSuav3
BTC General LOOK and Road in my opinion I would love to hear other elliotticions opinion on this scenario. So for now we are almost reaching the end of wave 4 wich was the longest wave of them all , wave 4 is usually the most longest wave . As we seen it broke the 0.3 fib level so i expect to reach 0.5 wave 4 maximum fib level wich is 53700 . after we complete wave 4 we will dump to the last wave 5 that will make an A wave .... After this we will have an impulse wave B wich will take us ussualy to .618 fib level wich is 56500 , after this B wave is completed we will have a last wave C that will take us to 25k . Thank you watching my chart !
by RagNar87ro
ETH Bullish And Bearish Scenario - ETH In The Gray Area Eth is at really hard place right now. As with BTC its market cap chart has already extended aver all major fibonacci extension levels (will show the chart later in the update of this idea). While i am confident that BTC has entered a bear market, i am a little less with ETH. Imo there are two scenarios for eth, one is bullish , the other one is bearish . Whatever scenario first happens i think in both the price will likely pump a bit to retest a previous capitulation point (blue area). After that we should fall with BTC . If ETH is able to find support in the yellow area we should be able to eventually set a new ath , but not go above 6k as eth is very overvalued as it is with BTC . If we don't hold and fall in to the orange area or even set a new low, you can be quite shore that also eth has entered a bear market and the money will flow from BTC and eth into the rest of the alts as they are going into a ABC retracement. Again with BTC a am shore we are done, but not so much with eth as we need more information of the price in the near future. BINANCE:ETHUSDT
by CR35
2
Bullish view on ICP/USDT Hi all What is my view on ICP/USDT ? ICP shows a positive price development. both buyers and sellers have been tricked at one time (including me). Later I saw a logical liquidity grab from a lower zone. Since then, the price has gone up again so I expect a breakout soon. Before I get in I wait for a breakout+retest or a drop to .618/.71 fib level Negative scenario It's possible that the consolidation continues or that there are traps again. That's why I am waiting for further development of the price. Be patient! Always do your own research.
Long
by MerijnTrades
13
Two scenarios for AustraliaAccording to Fundamental News, there are two scenarios for the Australian dollar against the US dollar. With the release of US unemployment data, the value of the dollar plummeted, and the devaluation of the dollar caused an upward trend in other currency pairs, where the US dollar was on the right. Mr. Powell will begin his speech in a few minutes, which he says will either cause the dollar to depreciate further or the dollar to return to its uptrend. Given this, two scenarios can be considered for the Australian dollar: Scenario 1: The dollar will fall and the price chart will return to 0.726 and even higher by breaking the resistance. Scenario 2: The dollar rises and the price chart returns to its previous level of 0.7172
by mohamadrezaKhorsand
✅AUD_NZD WAITING FOR BREAKOUT❗️ ✅AUD_NZD is trading in a strong downtrend And the pair is now retesting a horizontal key level While trading in a local falling channel Now, there are two scenarios here We can see a retest of the support and a bullish breakout From the channel to the upside In which case we would go long on pullback OR the pair will break the support In which case we will go short on pullback Expecting bearish continuation So WAIT for BREAKOUT , then enter the trade! BEARISH BIAS🔥 ✅Like and subscribe to never miss a new idea!✅
Short
by ProSignalsFx
4