What if #BTC has been in a huge Wyckoff consolidation range since the beginning of the 2021? This is an outlook that considers price action movement to $34,580.
This is a price action outlook that I will watch for next week. 3 points of CONFLUENCE for target at 93.150: 1) 1.618 Wave 5 extension of Elliot wave 2) 50% of the 4-hour imbalance 3) Potential Bearish Cypher Harmonic point D @ 78.6 An additional point of confluence is the Quarter Level. I would post the overall technical analysis used to drill down to this...
Watching for Break of Resistance @ $0.43 to confirm price continuation OR Break of Trendline to confirm harmonic development (retracement) before the next bullish expansion.
Potential upside targets at $3, $3.20 (wick high) and $3.37. I want price to dip back into that entry zone one more time but we'll see. Downside $0.70 if price action craves the dip with an Algo wick...
Watching for either Elliot Wave continuation or the progression of the 3 Drives pattern. #yin A break/close above $2.25 gives some confidence of continuation to $2.46. #Yang The alternative is retracement to $1.74 or the $1.30 dip area. If we go lower than $1.03 then more bearishness is possible as a bullish Cypher harmonic could be forming.
Watching for price matching expansion despite the large manipulation wicks.
Price is currently at an entry zone to buy the dip for the ZIL Cryptocurrency. There is also bullish divergence occuring at the entry zone to support a bullish reaction.
This is the long term outlook for a max efficiency play. Currently, watching for price to expand to complete the 5th Elliott wave before forming a harmonic during the retracement to create price data for a more refined analysis. Upside price goals are at $6 and $8.
Potential formation of a Bullish Butterfly pattern could signal a retracement to set up for the next expansion to ATH.
EURCHF Outlook using harmonics, Market structure and Fibonacci to provide about 4 potential trading ideas.
Three bearish harmonic patterns with bearish divergence signals potential for Bitcoin Short after reaching $50k - S51.4k price range.
A potential Bearish Cypher is developing on the Daily which will send price back down to the previous swing low where we came out of an accumulation zone. Watch for break and retest of the zone where price is currently.
Completion of Bearish Shark Pattern with Exaggerated Bearish Divergence near the D point. Development of Head & Shoulders pattern near D point along with Wyckoff Distribution prior to the price drop. DXY is bullish; therefore bullish continuation is expected after a potential reaction from 0.618 Fibonacci retracement level. The 1.26200 level could also be...