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8 wave (elliot wave theory) complete downtrend (BTC) $44,444Good afternoon traders, Just thought I'd post this last chart with the community before the daily close in just under 3 hours and then later this evening when Asia wakes up, and usually sells off (or during the night time for EST) Will update part a, b, and c once this 5th wave is complete as certain levels have to hold for this scenario to be met and at this point this is just an idea, and any downwards pressure will confirm it within the next 24 hours. The target is $44,444, if all conditions are met and line up accordingly. Please get this technical analysis to 30+ likes to unlock more content! 👍
BITFINEX:BTCUSDShort
by YurloTrades
12
Potential 14.1% pullback (market structure/rising wedge) BTC Good morning traders, Considering the thought we may see yet another pullback after rejecting from the psychological level of $50,000 is never a bad idea. A 14.1% pullback from the current ATH (just under $50,000) would bring us back to the previous ATH, which would be nothing more/less than a retest for structural integrity purposes. Greed/fear level is currently at 93, yesterday it was 95 (only a -2 after a $5000 decrease in price) which is also alarming. Funding is currently 0.1392, and predicted to be 0.1590 (funding is still high, and after breaking down from the mini rising wedge in my previous post it wouldn't surprise me to see this bigger rising wedge playout the same way we've seen many other one's in 2021 play out. Target #1: $44,444 & will post attachments/updates letting everyone know what I'm doing Summary: looking for a pullback to either validate support at lower levels, or continue the downward pressure towards the current target. Please get this technical analysis to 30+ likes to unlock more content in coming days! 👍
FTX:BTCUSDShort
by YurloTrades
4
Bitcoins are a bear to Tesla sympathyIt is a commonly known fact that cryptocurrency is a blatant attack on earths climate. It is also a commonly known fact that Tesla's aim is to get the fossil fuels out of transportation. Therefor Tesla Inc should NOT engage to buying any form of crypto currency unless it is solely mined and powered by renewable energy. If not, sympathy for this company will drastically drop and it will lose many of its "commonsense investors". They might seek refuge to solar,wind, drinking water and hydrogen stocks. What would be the next price target if Musk pushes this brainfarth? Also, what if this is just a scheme to troll Bitcoin investors and Tesla Inc short sellers? Both would suffer immense loses if it were to be a joke after all... Trading volume is low these days. How long will people hold their breath before deciding to go or stay?
NASDAQ:TSLA
by WileyCoyote_
NZDJPY - POTENTIAL LONG AREAI am currently neutral on NZDJPY because I prefer following the overall trend and this trade would be countertrend. NZDJPY seems to be forming a great FLAT PATTERN. I will be looking for a LONG position between 73,600 and 73,000. From my perspective I think the market will retrace until 73,000 because that would be 38,2% of Wave 3. Again , this might NEVER happen because this is pure speculation on a potential long area and that's why I won't take any short, the market could just keep going up and follow his uptrend from the current price. Normally Wave C is quicker than Wave B and Wave B took 21 days, so within the next month we should know if this setup will be ready. I will be posting another analysis about NZDJPY if the market reach the lower area as shown on this analysis. Trade carefully and be patient.
by jolicoeur342
1
EUR/CAD About to Break the Range?Good morning traders, today we bring you an analysis on this pair that has been showing a particular behavior for a long time. 🔸As we can see, for about a year that the price has been without a clear trend on the Daily Timeframe. Of course, if we decrease the timeframe, we will find minor trends, but after the strong bullish momentum, all we can see is a consolidation. 🔸At this moment, the price is against a support zone, and every time it faced it, it generated an upward movement, which is why we consider that possibility. 🔸In case that vision fails, we must take into account a possible downside breakout, which if this happens, the downward movement target would be the support zone at 1.51000.
by ThinkingAntsOk
2
GOLD: In trouble?There are some key levels to watch with Gold. This is a nice one to see if and when patterns may repeat themselves. Two areas highlighted in yellow show some similarity. This could be a short on a lower time frame. If shorting and you cannot take loss on your stop-loss, leave it alone. No suggestions given for positions and stoplosses. Price and price action may change. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OANDA:XAUUSD
by Captain_Walker
2