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TOP-6

Tesla : Close to the topTesla has 2 EW counts at the moment that show a top is near. Either price goes above 780 to finish a double three corrective wave B or price stays below 780 and this rally was wave C inside a bearish triangle wave B, in this case a top might already be in. If price will go above 780 there will have to be another leg up inside the corrective wave y to form a triple three corrective wave. Inside this wave price would now be in a 2nd wave X, which has already finished, will become a triangle or will have another leg lower to around 700 and test the trendline support. Once this wave x is finished a last rally up to above 780 and the bigger wave B will come to an end and the wave C down will start. Next couple of days will be very interesting. Good luck!
NASDAQ:TSLAShort
by jdemunter
Tesla : Spike and reverseTesla looks like it's about to complete a double three corrective wave from the 540 low. It is important that the 780 high breaks to complete the wave. When this happens it will be the end of wave B. This will be an important top which will lead to Tesla going lower and eventually break the 540 low with possible much lower prices. Short term the chart shows a rising wedge from the wave x of (y) low at 627 but this is not a valid EW diagonal, the correct wave count will show a triple three corrective wave to finish wave x of (y). The timing of this top comes very close to the next fed meeting, possibly some negative news from there most likely tapering or interest rates related. Alternative count has price not breaking 780, which would mean price is in a bearish wave b triangle. The result will be the same with lower prices. Good luck.
NASDAQ:TSLAShort
by jdemunter
RARE Wyckoff Distribution + PERFECT HarmonicWhat we are witnessing is the imminent stage of a distribution cycle happening before our eyes. Two of the great minds in charting, Wyckoff and Scott Carney's theories are put to the test. There are two differing bearish structures that are indepent of each other and authored by different people, but are currently simultaneously visible on a large timeframe, the 12h, at the same time. This is what we call confluence - several indicators and/or confirmations lining up conjunctly. Refer to Wyckoff's Distribution Schematics that you can find on the web to correlate the ABCDE phases with the current price structure on your own chart. I left it out on this chart as to not clutter it. For the short term, I expect a run-up to 49.2k ~ 51.2k before we collapse much lower. I will make a seperate post about this, as I have found a harmonic pattern on the hourly timeframe to confirm this. For my accuracy, please click my profile and see my previous posts. Good trading wished to all of you, frens.
by keyboardcruiser
8
BTC HASN'T TOPPED YET! (TOP @~74.300$)! ONLY 50% from now!I believe BTC hasn't topped yet. Reason being is that if you use fib retracement on the previous bull runs, the next that occured hits or surpasses the last level of the fib. As you can see on the chart we haven't topped it yet on this bull run. My guess is that the top will be around at 74.300$ that's ~55% from the current price. Then it should end this BTC SEASON and then starting the ALTCOIN SEASON! Now I never said that it has always to hit the last level! This is just what happened before.
BITFINEX:BTCUSDLong
by wolfiebrah
1
Do You want your Capital grow by 200% ?Do you want your capital to grow by 200%? slp ---- slpusdt There is a good opportunity to make a profit in the Slp chart A very suitable and strong divergence is formed in Macd, which if a wedge pattern is broken, it can lead to a sharp Uptrend to the 0.4 usdt. ( 200% profit ) Just be careful to see the confirmation pattern Breakout after the Break of wedge and do not fall into the trap of a fake Breakout. If you want to enter the position safely, after the Breakout of the pattern, wait for retest the pattern, and then enter the Bullish position with a Bullish Candle pattern. For our support - Like this analysis and follow us Thanks Hamid Mojarad Trader and cryptographer Consultant and investor of reputable investment companies
by HamidMojarrad
9