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Waves

DXY - The Rise and FallA nice view of the last run up and ongoing fall back down As the dollar continues this channel pattern guided by structure left on its way up; the next move should be a push from around 101.3 - followed by a rejection at 103.5. A move down from that area should be enough to drive back to 100. Structure and the -0.786 Fibonacci extension line up nicely through this run providing good confirmation as a respected trend peak. If following a similar five wave pattern as we did upwards - then we have one more leg down before the channel is broken with its 5th move. Below 99.50, we may begin something not (yet) as predictable. And of course, there's also the possibility that what we think is predictable...is not Happy trading - stay agile
TVC:DXYShort
by Scott_The_Chartist
Weekly Analysis BTC via Ichimoku Good start to the week, We resumed our weekly analysis. Let us look at a glance at the daily chart of BINANCE:BTCUSDT with Ichimoku Kinko Hyo. We use the traditional settings. There are other indicators in the analysis. We have developed and released them Open Source. Trend: Kumo has been green for 16 days and is 1.4% wide. It is thin and looking upward. In concert the situation is bullish. Importantly, the price has crossed the Tenkan and the weekly Kumo and is now on significant price levels. The Kijun Trend indicator has been indicating since January 10 to look for long positions. Heikin-Ashi: The Heikin-Ashi confirm the bullish movement. There are many green candles without shadows below. Supports and resistances: - 25000.00 Fibonacci - 24400.00 Chikou cusps and flat zones of Kijun and Tenkan - 21200.00 Chikou cusps and flat zones of Kijun and Tenkan - 20400.00 Kijun weekly - 20200.00 Chikou cusp level or flat zones of Kijun and Tenkan - 19100.00 Fibonacci - 18400.00 Tenkan weekly For static price levels, the lower right chart plots the Tenkan, Kijun, Senkou Span A and Senkou Span B flat zones on different timeframes, and the Chikou for the daily time frame. For dynamic price levels, the Ichimoku lines can be observed: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term). Conclusions: The situation is bullish. The Hosoda waves indicate a bullish ABC pattern since Dec. 19, with targets at 17036.6, 19168.25, 20519.6, 21229.9, all hit by price. From a fundamental point of view, there is a lot of focus on inflation. Inflation expectations in the U.S. have fallen, and the pace of rate hikes by the FED is expected to be reduced. Consumers have confidence and it brings a rise in indexes such as the NASDAQ, weakening of the dollar and a rise in the BTC. It is important to assess the close of the week and during the week on the following price structures: - Bullish/Lateral: 21400.00-22400.00 - Bearish: 20400.00 Altcoin Cycle: For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation: - Total cryptocurrency market capital: Increased. - BTC Dominance: Increased. - Price of BTC: Increased. - Alt Cycle Expectation: Decline. Thanks for your attention, happy to support the TradingView community. Indicators used: Analysis Tool Kijun Trend Indicator Ichimoku Support and Resistance Chikou Support and Resistance
by TheSocialCryptoClub
✳️ Waves Hits Its Lowest Price Since December 2019...Once we hit bottom, the only place left to go is up... And Waves hit its lowest level in three years and the bounce that is taking place is super strong. In late December 2022 Waves went as low as 0.00007650, a level that was last seen December 2019. We are looking at Waves vs Bitcoin (WAVESBTC). Of course, this is good news... The lower it goes and the faster it drops the stronger the rebound. We can see 47% happen in the short-term. 173% and 295% can be done, it is possible, in the mid-term. Long-term, we have over 400% potential when we consider the March 2022 high. Since we have a higher low, we can expect to also see in the future a higher high. If I were to do the maths, the total potential would be a thousand percent or more... I will leave that for later this year or maybe in 2024 when the bull-market is in full force. Namaste.
WLong
by AlanSantana