Is Bitcoin near end of correction? Look left to find where BTC struggled breaking through resistance and that's your support.
Short-long
Update for $GMTgmt has formed 2 consolidating levels, but has rejected the upper supp, so most likely a trend continuation. we look for short after breakdown retest confirmation, and for long it needs to climb above the resistance
BTC LOGARITHIMIC CHART EXT./RETRACEMENTExtension/Part 2 of my BTC's Logarithmic Chart. Looking at past retracement pattern we see btc retraces 30-40% after every bull market, so if we follow that btc's bottom will be 20k or more, but for that we might need a push back upwards, above the 70k range, around 80k which can be possible if we get a reversal from this current consolidating range, but keeping the macro economic conditions in place a 50% or more retracement is quite possible
StoneCo (STNE) following exactly: Wall street Cheat sheet Hello Traders / Investors
Seems like Wall st. Cheat sheet is CORRECT. Sad for me I realized it too late and missed some profits in last weeks.
Considering my DXY Elliot Wave coun, my expectation is another drop of STNE price where wave C will be 1.618 of A = Price around 5.5 USD. (Best place to buy some shares + Also watch Konvergence of RSI on 1D/1W TF).
ritholtz.com
Learning every day.
Trade safe, take care and enjoy the ride.
GBPUSD sell right nowGBPUSD sells until the second scenario (the blue one) happens, so we should wait for what happens and act by the way.
BTCUSD ShortBINANCE:BTCUSDT
-arrows showing 1h imbalances/inefficiencies
-15m snd zones for entry and exit
GBPUSD LongFX:GBPUSD
(republished, got stopped out on original post)
-arrows showing imbalances/inefficiencies
-15m snd zones for entry and exit
XAUUSD ShortXAUUSD
-arrows showing 1h imbalances/inefficiencies
-15m snd zones for entry and exit
-#1 safe pt
-#2 possible second pt, longer term trade
Trade of the Week: 2nd Position GBPCHFAfter noticing strong HTF resistance level, and LTF ascending trend line downside break I called this trade ( previous analysis linked down below), and much to my own surprise the trade hit take profit in just one impulsive 4H bearish candle.... Nice Catch.
If u want to join in the fishing next week I suggest u subscribe and drop a like..I will really appreciate it , thanks guys, couldn't do it without God and you guys...
New Rising Channel for BitcoinCurrently, we seem to have received rejection from ma200 in the h4 time interval. Although we seem to be holding on to the ma50 on a support basis in the same timeframe, I don't think it will make the channel valid and I think we will throw a pin below the weekly ma200 and close it on this lively average. Although the sloping channels formed in all kinds of logarithmic scales and weekly timeframes show that we are at the bottom, there is clearly a need for a sharp decrease so that we can see a sharp reaction rise. We still have not reached the goal of the bear flag formation in the big picture, and moreover, there is another bear flag that we can see in the small picture, confirming the goal of the other one.
BTCUSDT what is coming?Hello Birdies, long time no see.. Let's get started.
BTC is accumulating in a range making everyone confuse where we are headed only scalpers are enjoying right now.
Chart Breakdown
Purple tags points for heavy short.
Bold red line the major short line from Daily Chart which is intersecting two strong lines on H2 chart as well.
Greenline is bullzone which they are defending since 11th May.
So if we fall below greenzone we will instantly see 25-26 first and then within a couple of days 21k.
But before that we are expecting a correction rally which is by fib I am expecting 0.38 which is 31, 765 and our purple tag is also pointing there which is 31, 489 and as stoploss hunting it may reach 32, 327.
The real corrective retracement should be upto 0.795 or 0.786 which is 36k and 37k respectively.
But IMHO we are seeing 22k first no relief rally happening. And extremely sorry to all the moon boys again.
BTC chart pattern Now thru Nov Calling it as I see it happening. This is only my opinion and gut feeling on what is going to happen. I'm calling it now. 34k BTC soon, easy ride to test for support to go up, then after braking it we go to 38K hit real resistance and we could go flat right there for the rest of the year but because of Economic crash coming this fall and start of next year, I think all the markets will crash, wall street included. A great depression is coming In My opinion. in order to go to 80K we must brake 46500 and hold over 50k for a week, if we do 80K will be top. and then down like you have never seen before. Market crash October or November 2022 BTC down to 12K This is my official perdition and we will see if I'm right. Play this right an make some cash, take your profit by buying the longs this summer as bulls try to push to 100K but will not make it, then sell the fake out and cash in . That is my plan. I can't tell you or advise you how to invest and you should never invest more than you can afford to lose. I am basically telling you how I will be investing. Good Luck to us all. God speed. PS call your relatives and say Hi, I have lost some that I did not get the chance to talk to before they died. Not a good feeling. Just a note to take time off to see the ones you would miss if they were not here anymore. Now back to this Texas 100F 38C heat Yuck.
Hope you enjoyed your gains as notified, prepare for more!I predict the stock. I know the stock. I’m 8-Ball for stock :)
I’ve been watching this stock for 17 months. Almost every. Single.. day..
I can say a few things… I confidently understand algos being used. I confidently understand MOASS is tomorrow. I confidently understand apes are unmatched. I confidently understand we can buy more each day and it will still be a good price no matter how many digits..
No cell. No sell.
DRS DRS DRS.
Follow me for more GME posts, to the moon gentlemen. I’m proud to be sharing knowledge on my favorite stock in existence and I can’t wait til we are all as rich as they are, without cheating.
APES FOR THE MOTHERLANDDDDD!!!!
DRS DRS DRS
Check out all of my other ideas for consistently accurate GME price prediction as well as theories and discussions.
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Ethereum Spec - Interesting Level, Interesting Volumes, Intere..-This is not a trade or financial advice so please use your own discretion and appropriate sentiment to make IB decisions.
Interesting area, though we are in bear market.
Big money moves on both sides of market to happen. Looks more likely to bounce temporarily from here than fall through a cause de volumes.
Je pense que there is a minor retracement here part of larger trend to push lower though for now said vols do not suffice the power to fall through. Couple areas of interest I would note for way up and look for signs of exhaustion/loss of steam.
Personally I think 3 figure Eth ($) is very much feasible before the commencement of the next cycle. (Stagflation on a list of circa alf a dozen) (I also think that 3 thousand Eth ($) is also very much feasible too.)
BTC Halving - 2024.
Historically, pre hype, pre cycle gives us a nice push and more heavy accumulation phase in the 6 months prior. I expect halting of the establishment 'Chop Shop' around Late Summer/Autumn 2023.
My personal strategy for now is look to trade swings where appropriate and DCA into my fav coins, I will be more aggressive with accumulation in 2023.
(Note: I am learning more and more about this market every day, these thoughts are my own and not intended for financial advice and I accept the fact that any ones views may not align with mine, I am always open to discussion as I am striving for improvement each and every day so feel free to comment or DM to discuss)
Also @NonFungibleGNGA on tweeter.
S&P 500 facing a tough resistance0.5 is also very likely to act as resistance but i feel like we could push towards 0.618 for a fake out and get rejected around (200DMA)
First Destination of Bitcoin is $24.000Considering both the Bear Flag pattern and the Stochastic Relative Strength Index on the daily timeframe, as well as the weekly timeframe pattern, BTC's eyes are on the grave. The search for liquidity at a much lower level, in the $18-20K range, should not be overlooked. Of course, we may see an increase up to $35,000, but this possibility remains a difficult one when we consider the correlation to the US500 and US100 parities.
SHORT TERM OUTLOOK ON DXYBreak above major resistance that once served as supply will indicate a bullish sentiment on the Dollar index but we may also see price break lower if we see signs of weakness around the 100 dollar area which has not been tested in a long time.
EURUSD…PatienceWait for the reversal. I could see price getting sandwiched in between the 1Hr channel and the top of the Daily channel. I’m going to wait to see which one wins before making any trading decisions today. If I was a betting man, I’d go short, but this isn’t a casino. Wait for the break and catch the retest, that’s today’s plan.
USDCAD SUPPLY AND DEMAND ZONES TO WATCH OUT FOR.USDCAD just broke out of a descending triangle on the 1HR TF. we expect price to rally down to 1.27900 DEMAND ZONE before moving up 1.2700, which is our SUPPLY ZONE. our (POI) is also the 0.618 fib level, and we are looking to short from here.
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BTC AND ITS PATH :)Hi everyone
Another analysis of the weekly timeframes of Bitcoin.
You will see 40,000 bitcoins again and then you will see a downward trend to the range of 15,000.
We are waiting.
What about Luna? :-) :)
GOOD LUCK
My trading plans for today. Choose what you like the most! 🔥🔥Here are all plans for today, all those coins have really good setups. Instead of giving you 1-2 coins per day in separate posts, I collected 6 setups in one post.
If you enjoy it, give it a like and a comment, so I will continue to do it in the future.
In order to enter in any of this positions with scalper stop loss 1%, you have to wait for price to squeeze to the level or trendline on 5m timeframe, see a base of 5-8 candles ready and look for activity in the DOM.
If you don't know how to do that, just wait for squeezing and use swing stop-losses of 3%.
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
