A potential expanding flat pattern is in the works here. Implication is late feb there will be another new low formation to start the continuation higher.
I think there is a strong chance bitcoin has another correction here before heading higher. The miners just aren’t moving on this recent/current move up. So on that basis I think BTC moves down and we form a divergence with miners not depreciating as much as they normally do.
This is how I see the precious metals and oil bull market most likely playing out. I believe we are at the equivalent of where the vertical red dotted line is. Oil outperforms precious metals (Gold, Silver, Platinum and Palladium) until Q3 2027 to Q4 2028. - approximately. That will be wave 3 of 5 for Oil. At the end of wave 3 - Oil will likely be priced...
There are now two scenarios I see being likely. 1. Is that we have already bottomed (green). 2. Is that we chop till late Feb or Early March. I don’t know and I think it is 50:50. This is not an easy market to trade with these two scenarios. Essentially you would want to plan your trades around them. So take some profit of Bitcoin nears the top of the range...
It’s been a while since my last analysis on BTC miners. There is a strong chance Bitcoin has bottomed and combine that with a clear wedge pattern on Bitfarms after a bullish shift and it provides an opportunity which I think has a 25% chance of playing out. It’s about a 54R trade. If it doesn’t bottom here I think it does next week and it follows approximately...
High risk trade. Long term timeframe is bullish. Wedge pattern on 15min timeframe. 15% chance of success.
Wedge pattern on lower time frame. 15% chance of success. Higher time frame bullish.
15% chance of success. Wedge pattern on lower timeframe. Long term time frame is bullish.
15% chance of success. Wedge pattern on lower timeframe. Long term time frame is bullish.
I have marked out an area which I believe holds significance as a potential area for the market to bottom. Buy limit and stops loss already set. It is no longer valid come Saturday the 18th of January. The trade targets $135k. The pink path is plan B where I would anticipate a deeper move down and plan to enter after momentum starts to the upside.
6.5R trade on XRP coming up. FOMC soon so it is a high risk trade and ao you need to be careful with how much you risk as you run a high risk of slippage. I’m expecting one of the three scenarios to play out. Please check my latest ADA posting for a more detailed look on a deeper flush down (red). There is nothing clear on XRP to identify how deep a deep flush...
6.5R trade on XRP coming up. FOMC soon so it is a high risk trade and ao you need to be careful with how much you risk as you run a high risk of slippage. I’m expecting one of the three scenarios to play out. Please check my latest ADA posting for a more detailed look on a deeper flush down (red). There is nothing clear on XRP to identify how deep a deep flush...
If Riot moves down in the way I have shown I think this will be a good opportunity to go long. 40% chance of success for a 23R reward in my opinion. If the market reaches the entry price after the 22nd of Jan it is no longer a valid opportunity.
ADA is in a parallel channel. Momentum is so far strong after making a move down from the upper end of the channel. CPI release is tomorrow and this could create the volatility needed to send it down to the bottom of the channel as shown (orange). Alternatively it could come ripping higher straight away but it does seem like a flush down is the more likely...
We are about to test the descending green trendline. It’s very possible it cuts through and continues higher with significant momentum but most of the time trendlines this significant do create some kind of reaction. There is a daily imbalance which seems like a reasonable target. There is also a smaller secondary bearish pattern leading into this key area of supply.
This company has a lot of debt for it’s size however I think the market has largely priced that in with the recent capitulation. Good chance this forms a low and there is +270% move from here. Targeting that descending trendline.
High risk trade, 30% chance of success. There is a bear flag already formed so that could indicate a downside move is imminent and the market is currently in higher timeframe resistance. However there is a trendline above which the market could seek first.
High risk trade, about 25% chance of success. I’m unsure whether ADA has had a 3 wave correction or not, but if it hasn’t then something like this ought to be the next move.