Bitcoin may be ready for a final impulse wave to the upside before it collapses to 15k! On the chart, we can see an ending diagonal wedge pattern (3-3-3-3-3), which is why we could finish it at around 32k-33k. This will be your lifetime opportunity to short Bitcoin and ride the massive bear market that will follow! Do not buy any altcoins or Ethereum because...
Below this idea, I will give you my opinion/analysis of your altcoin. Make sure you hit the boost button and comment your altcoin below the idea to participate. I will do an analysis on the weekly/daily chart (long term). I start my analysis with Bitcoin: Bitcoin is currently rising, but in my opinion, there will be one last flash crash below the 16k level...
Ethereum is approaching a key support, and it's a good time to buy/long! If we take the Fibonacci retracement for wave 3, the price is very close to the 0.618 level. Also, the previous wave 1 acts as a strong support, so we have a great confluence from the Elliott Wave and Fibonacci perspectives. We should go up and make a new high to complete the impulse...
Bitcoin has created a new CME GAP between 28215 - 28265. It's also the POC of the consolidation structure, so it could be a good short-term trade when the price makes a pullback. First, let me explain some important facts about CME gaps. CME Futures on Bitcoin started in December 2017. We had dozens of unfilled gaps from 2017 - 2023, and all of them have been...
The DXY index is currently sitting on the major support, and at this point, I think it's a good idea to speculate on a bounce from the support. As you can see, we have just retested the trendline on the monthly chart and retested wave (3) + wave 1. From the Elliott Wave perspective, we are missing a final impulse wave upwards to complete this bullish cycle on...
You can use these levels for your trades, because I am pretty sure we will see a reaction on all of them! These levels will be respected even on the 1-minute chart, so do not underestimate them! If one of these levels is destroyed, it's likely that the price will move to the next level specified on the chart. On the bullish side of the chart, we have a strong...
It's over for Bitcoin because the whales started to manipulate the price. But fortunately, I know their plan, which is why I have to share it with you as soon as possible! First of all, whales. They want as low a price as possible because why should they buy at the current expensive price when they can send Bitcoin back and buy it cheaper? This is an analysis...
Ethereum shows a lot of weakness on the major timeframe. You can see that the downtrend was pretty steep, and now we are in a bullish correction / consolidation. The chart is printing a big bearish flag or ascending parallel channel, and I think we should test the upper trendline first before continuing lower below 900 USDT. The bear flag is a little bit...
This trendline is 10 years old, and Bitcoin is currently retesting it from the opposite direction. If this was the same trendline on the 1h chart, it's likely to go down at this point. We have multiple touches on this trendline: 2013, 2015, 2015, 2020, and 2022 on the LOG scale. Make sure you switch to LOG scale to see it. So what now? Will the bears step in...
Bitcoin is appraoching an extremely strong resistance at around 30k. The chance of crash from this level is extremely high! We can see that the uptrend from 20k to almost 30k in March is steep and without any major corrections. From the Elliott Wave perspective I expect last fifth wave to the upside to complete an impulse wave. We can find a resistance at the...
We have a great opportunity to buy/long Shiba Inu at the yellow trendline, which is a good support level for a short-term trade. Unfortunately, the Shiba Inu coin still looks really bad on the highest timeframe. All previous pumps were only an ABC 3-wave structure, which is overall definitely not a good sign! The bulls still don't show strength from the...
Everyone thinks that the bottom is in and we are going to a new all-time high, but in my opinion, that's definitely not true. In this analysis, I will tell you why! First of all, we need to take a look at the huge dump that occurred in 2021–2022 (from 69k to 15k). From the Elliott Wave perspective, it's most likely an impulse wave, not a corrective wave,...
Bitcoin is likely to go down, because this falling wedge is breaking down and also because the impulse wave has been completed! 10% crash is the minimum at this point, but we could go even lower. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade...
This is very negative news for ETH because this trendline on the monthly chart from 2015 to 2023 is currently breaking down! It's the first time you see this very important info, so make sure you follow me to not miss updates that no one talks about. What does it mean for ETH? There is a great chance that investors are going to sell ETH completely or sell ETH...
Based on historical performance, we have a 100% probability of going down to 20k to fully or partially fill the GAP on CME futures. I am not saying that this is going to happen with 100% certainty, but I am saying that this is a statistical fact because all gaps on CME futures were at least partially filled. You can check out the history of this chart on the...
The price of bitcoin is currently near the 0.618 FIB. Usually it acts as a magnet when the price is near this very strong level. The market moves in waves, and wave A should end exactly at the 0.618 FIB. After we reach this level, we are going to go up to retest the previous major trendline because we have a huge unfilled gap and an untested pattern. After...
Buy/long Bitcoin at 17600, because there is an unfilled GAP between the previous candles. It's the start of the huge parabolic uptrend, and the bulls will most likely defend this level! It looks like Bitcoin is going to reach levels above 25000 after we fill the GAP and complete this Elliott Wave corrective pattern (ABC). Currently, we are in wave B. Why...
This is a bearish technical analysis of Bitcoin. It's supported by technical tools, and I am not saying this is going to happen; this is just a scenario because we need to consider all possibilities. First of all, we need to take a look at the bearish wave from November 2021 to November 2022. It definitely looks like an impulse wave; it's pretty obvious, but I...