The NZD/JPY pair on the 1-hour chart has formed a bullish Cup and Handle pattern, signaling a potential upward move of approximately 60 pips with a target around 89.260. Traders may look for confirmation of the breakout above the handle resistance to enter a buy trade. However, caution is advised, as a bearish harmonic pattern could emerge on the 4-hour chart,...
The daily chart of GBP/JPY indicates a potential bearish trend unfolding in a classic 5-wave Elliott Wave pattern. Here’s the breakdown: Wave (1): The initial downward impulse wave demonstrates significant selling pressure, marking the start of the bearish trend. The decline is steep, indicating strong momentum in favor of the bears. Wave (2): Following Wave...
The GBP/JPY chart indicates a potential bearish outlook based on the following key observations Downtrend Line Resistance: The pair has recently struck a descending trendline, reinforcing downward momentum. This resistance is a significant psychological barrier. Proximity to Support Zones: While support exists, price action failing to rebound strongly suggests...
Shark Pattern: The ratios seem accurate (e.g., AB=0.886 of XA, and CD=1.13 or 1.618 of XA). "D" falls near the completion zone, aligning with the harmonic guidelines. Support Area: A strong support level of around 0.5800 adds confidence to the potential reversal. Price reaction near this area supports bullish momentum. Buy Signal: It could confirm a reversal if...
In this analysis of Bitcoin (BTC) against Tether (USDT) on the daily chart, I've identified a classic Bullish Cup and Handle pattern. This pattern indicates a potential bullish breakout, with the handle forming a bullish rectangle. Here's a breakdown of the key points: Cup Formation: The cup began forming around early 2022 and was completed in mid-2023, showing a...
Whenever I find such a Bullish Triangle a Sudden Bullish Market is Observed in nearly all such cases. It is a simple analysis but have solid Experience behind it.
My Analysis of the BTC chart is connected with the Geo-political situation. If a no-war is declared in the Middle East, Bitcoin is ready to break all records but in case of a war the price may go to the completion of A Harmonic which may take the price even lower than 10k
This chart of the U.S. Dollar Index (DXY) is from TradingView, showing data up to August 3, 2024. The chart indicates a strong bearish trend in the value of the U.S. dollar against a basket of other major currencies. Key observations and potential reasons for this trend include: Current Value: The DXY is currently at 103.220. Key Levels: 95.360: Marked as a...
This is a Good Time to Buy Bitcoin For a bit Long Holding, In Near Future Its Fist Bullish Market Will Stay at 80K then will Touch nearly around 115K Due to its Bullish Cup and Handle Formation.
Simple Idea about minimum Fibo Retracement at aroub 38 and may even move to 50 to 60. Best of Luck.
The Bearish Gartly Harmonic Pattern Suggest 24K and then after a down move hope you agree
With Bullish Harmonic Retest Plus Completion of Bearish Eliot Wave Now it looks the Bearish Market has Come to an End and With two Logical Conclusions BTC May Jump to a Good Price Suddenly. It is Good Time to Buy BTC.
A Bearish Chart Formation simply the "HeadandShoulders" have taken the control of BTC Market. What a power of Charts Patterns. This charts suggests to Buy BTC near 4K
Bulish Harmonic in week pattern suggests a slower Bullish market in future the price may raise to 29K at first stage then may go to 50K
Simple Idea there is Bearish Head and Shoulder Which Suggests a Biggest Drop to 12K or even more,
I would not have missed this opportunity if there would some USDT WITH ME. ANYHOW BEST OF LUCK HERE IS BULLISH HEAD AND SHOULDER WHICH SUGGEST 50K TP. GOOD LUCK
Crypto is only nice if adopted by any Govt. ETHUSDT is making Bullish Inverted Head and Shoulder. Long it
100% Bullish Shark of Bitcoin: this time it will happen, first 2 TPs are more likely to be hit