btc ready for short !Bitcoin may experience a bad fall if it hits this line
If this line is broken, it will grow to 64,600
Shortlong
Forget the last one, this is the Breakthrough Dose.Ignore last post pls, didn't happen, fixed here - not writing a diff explanation cause lazy:
Clearly we have already broken through the downward wedge that was tightening us down into a corner, as if it were bring driven by tiny little mad, mad machine elves. Unfortunately we still have to get past the ancient resistance of $105, as well as close the weekly candle above (no easy feat! But bold that hit in! You can do it!) to prove to ourselves that we can shed our ego on the rise to enlightenment, and past the .618 of the Fibonacci retracement, where only then will we realize our search for god was was in vain, for we had already become her, on the day we were borthed.
eth update Hi, I'm sorry, I'm late to post analysis, it's because of the conditions in Iran, I'm not feeling well to work
I think the situation of Ethereum is interesting
If it completes the pullback to this line in the weekly time frame, there will be very good bullish conditions for Ethereum and altcoins.
If the pullback is 1324, it will be great, but in the worst case, it can be 1100, and below that, this analysis will be canceled.
After the retest price should go to the zone and then go long.i expect price to sells after retest and buys from the zone it sells to/
BTCUSD: Bear should need some restBTCUSD is following long bearish trend, broke many support prices in between,
and now price near by 35250, acting as support level, and respected twice, might be
bullish rally could come at that level, volume looks sufficient to drive price
up in huge bearish trend.
long position possible at support price, and target could be at least to touch
near by resistance (36200).
! strong close below Support should be bearish move.
Technical- Based on Support/Resistance and Volume:
- Support:35250
- Resistance: 36660
! leave feedback or comment please.
Image-
Elliott Wave Scenario. Risky scenario. Short first. Then long.So there are two main scenarios. This might be one of them.
We are in a corrective move now. Finishing the wave C down. And will then continue with a wave 3 which is part of a bigger wave 3 or 5. The later 3/5 wave needs to be checked.
I've added some fibonacci ratios, trends to predict areas of resistant. There is a fibonacci time indicator too. We'll see what happens.
Hat tip to Dragonfly Trading
Hat tip to Cryptovac for giving me a trial
Message me for links to them.
Some interesting images 😉Good day !
Some interesting images:
On the RSI indicator with the period of 28 , in classical position the 14th period is situated approximately there, on the long chart, on the daily time frame RSI has drawn ABCDE , but on the short chart a divergence is formed. It surely doesn’t principally mean anything 😀 and it shows only that we are waiting for the volume increasing in longs and in shorts, and plus there is a channel bottom in both cases. Principally the signal is unambiguous 😉 and even if it doesn’t break on days))/ Don’t forget that everything can happen. At the present moment it is a tight side. Better a small fish than an empty dish))
May be it will be useful for someone 😉. It is a simple observation, an idea if somebody has missed it, a possible extra confirmation!
Let’s observe!
Be attentive! Peace and profits to all.
Important!
Once again for understanding, the wave structure, patterns, and graphic models tend to change or change the structure, therefore confirmation is important.
The author does not sell anything! He does not give signals to enter or exit a deal!
Does not take funds into management!
Does not educate others on a paid or free basis! Well and so on 😉
Remember!
Forecasts of financial markets are the private opinion of the author.
The current analysis is not a trading guide.
The author is not responsible for the results of work that may arise when using trading recommendations from the submitted reviews.
S & RStick with my analysis and trade on every support and resistance... i sketched out the support and resistane so it'll be easier to trade.. Also trade breakout.
EURAUD in a small rangePrice testing support of 1.62 area, also below the 1 hour 200SMA. In a small range right now, price consolidating. A break to the either side can be traded, if the break is impulsive with a string candle.
Stop can be placed behind the latest swing.
Have a good trading week!
BTC First Long then ShortFirst long then short, targets are above.
Trading is your own risk, those are my opinions and guess.
Would CHFJPY complete the bullish run on 111.400 zone??I see a bullish run finished on the next 30 - 40 pips and then we can expect a bearish movement until 110.300.
This could be the formation of our Right shoulder.
Let's wait for candle confirmation to enter a short trade.
Whenever ETH touches 0.1 , BTC gets all emotional.BTC short VS ETH long idea
Whenever ETH touches 0.1 , BTC gets all emotional.
Add that to the fact that BTC hasn't completely finished consolidating after it's pump and you get what I've outlined here.
Based on last nights' observations, there are some whales with deep pockets who are very interested in keeping ETH price stable above 0.09 and I see them aiming above 0.1 tomorrow & onwards. Them times of 0.04BTC ETH are over.
If these assumptions and my calculations are true, then you get what I've outlined here.
Indicators:
Gann fans
Order books
Remember,
Assumption is the mother of all fuck-ups.
eueu is at an important level. breakout must be happening, up or down.
i suggest the break to the downside because of the corrective pattern in which it is now. Rather fast move down is likely to be a new motive wave down to 1.07 - 1.05.
Watch the corrective wave for yourself. Wave counting is not brilliant, actually not a 5 wave diagonal, but an 3-3-5 abc move. Thats also a reason for more shorts.
on the other hand: .618 fib retrace of the last upmove (corrective upwave).
It might be a complex corrective pattern, which would be the 'X' now in the structure. I dont believe thats that going to happen, since it will have to break 618 for that, which will react as resistance later.
I hope its clear for u.
question? pm.
