JayanVarsani

JayanVarsani Updated 

Bitcoin, during the recent capitulation has shown similarity with the last capitulation from 6000>3200. 2-3 week initial capitulation Followed by a "bullish" weekly spinning top Followed by a final push down lower in the following weeks Last time this occurred, Bitcoin bottomed out and entered the accumulation phase in the following months. This...

JayanVarsani Updated 

Selling strength appears to be decreasing as indicated by the RSI Divergence

JayanVarsani

SI is heavily oversold and due a bounce Price is wicking off price levels showing signs rejection and reversal FIB Channel is being respected and is also showing signs of a reversal Targets follow fib channel, 50% level and top of channel (100% level) or within the bounds _____________________________________________________________________________ Short...

JayanVarsani

Futures price gaps are notorious for being filled, be it the near term or the mid term Bitcoin gapped noticeable lower meaning that price may fill this gap soon Buy targets are shown in the chart and sell target is simply the gap fill price Nothing more to say, seems like a highly profitable trade if it plays out as expected

JayanVarsani

I believe Bitcoin will not follow the price action from the previous cycle and instead carry out a consolidation, bullish pennant, equilibrium formation. Price in equilibrium pattern as it gets squeezed over the coming months RSI projection is heavily bearish 200WMA forecasted to intercept upwards sloping trend line for potential pivot point Monthly...

JayanVarsani Updated 

PRICE IS CONSOLIDATING VERY SIMILARLY TO PREVIOUS PRICE ACTION - NOTE THE PIVOT POINTS MATCHING UP TO PREVIOUS CONSOLIDATION FRACTAL FORMATION PREDICTS MOVEMENT TO THE DOWNSIDE WITHIN 6-18H

JayanVarsani

LTCUSD IN A CLEAR BEARISH SETUP PRICE HAS CROSSED BACK BELOW THE 200 PERIOD DAILY MOVING AVERAGE CLEAR HEAD AND SHOULDERS PRICE ACTION. PRICE HAS CROSSED NECKLINE & FURTHER DOWNSIDE IS EXPECTED. THIS BEARISH MOMENTUM MAY ACCELERATE PRICE DOWNWARDS OR A NECKLINE RETEST MAY OCCUR TREND LINE USED AS BOTH SUPPORT/RESISTANCE (& ALSO AS THE H&S NECKLINE),...

JayanVarsani

DOUBLE TOP FORMATION IN GOLD EXPECTED MOVE TO THE DOWNSIDE TARGET PLACEMENT: 61.8 FIBONACCI RETRACEMENT DOUBLE TOP TARGET (NECKLINE TO TOP MEASURED TO DOWNSIDE) STRUCTURE SUPPORT PLACE ORDER BELOW NECKLINE AND TAKE PROFIT AT REGION SHOWN IN CHART

JayanVarsani

Bitcoin has pierced through every single resistance level without considerable cool down and retracement. The 0.618/($13,500) retracement level is the last level to be conquered. If we break through this level then prices like 20,000, 25,000 or even higher are probably due to the fact that the market is in an extreme parabolic phase and does not care for any...

JayanVarsani Updated 

RSI & Stochastic are showing that TSLA is very oversold. Extremely high support at ~$180 is within reach and is the key area for a reversal. Long term uptrend line is also within reach and shows confluence with the key support level of $180. LONG TSLA within the $180-190 region.

JayanVarsani

STOCHASTIC: Indicator is severely overbought as well as the RSI & other oscillator indicators. SCHIFF PITCHFORK: Median line has been well respected in the past and price is struggling to cross this large resistance area. VOLUME: Breakout of the 8200~8400 level was not followed through with volume indicating the lack of buyers in the market. Volume over the last...

JayanVarsani Updated 

Similar pattern with Bitcoin. Elliott wave A-B-C Correction imminent. Sell upon completion of Wave B. Full ABC Correction target of BTC - 3450 and ETH - 116.

JayanVarsani Updated 

It seems as though the 61.8% retracement level is holding. Time will tell until we can determine whether this level is the final low before a correction upwards, past previous short-term highs. This level is also key support and past resistance which adds to the strength of this level and its chances of holding. On the 4H-1D timeframe, we can see formation of...

JayanVarsani Updated 

We successfully completed the 1-2-3-4-5 Impulse Elliott Wave meaning that next is the A-B-C Correction Wave. The A wave will be a retracement to the nearest support, being the previous consolidation region, as well as the 0.382 fibonacci retracement. The B wave will be a small bounce off this 0.382 retracement, or maybe sideways/ranging slow...

JayanVarsani

Super macro analysis of the future of COINBASE:BTCUSD I am aware that price will level and stabilise much earlier and not reach 2mil+ prices.

JayanVarsani

With the logarithmic function applied to the weekly chart, we see multiple tests of this concave trend line which will eventually level and stabilise. Price managed to reject this trend line with strength, as shown by the +20% week. The 200 period simple moving average was also approaching this trend line within a few percent of each other and price rejected...