Dollar index is bullish according to the Elliot Wave theory. The invalidation line @ $89.209 It’s either the first wave of the larger 5th wave OR it’s a triangle is forming up where it is now in the d wave of the triangle.
This is the worst scenario that I think bitcoin will follow if bears took control of the market and drove the BTC price to the levels mentioned in the chart and broke them. The only hope for bitcoin now is to close above $53K. Good luck
Hello Traders. This is my attempt to analayze the Bitcoin movement in the mid-term using Elliot Wave Theory. Last month was the worst January for Crypto and we are looking for a recovery now. I assume we finished the leg C (Blue) from the running flat and formed a mjor bottom at $32900. After that the first wave from the bigger 5th wave (Orange Circle) is...
The area at the end of the symmetrical triangle is getting smaller and smaller in $VET. We might see a big move either way. For me I prefer taking a long position by breaking $0.0800 level with targets shown in the chart. MANGAE YOUR TRADE & STOP LOSS. Good luck with your trades!
A possibly forming head and shoulders pattern in $CHR. The neck line is encountered with the 200 exponential moving average. Also the trend line crossing in the RSI increases the likelihood of success of the trade. A good entry is crossing 0.7500 and the the target is 0.7840. SL for me is 0.7400. Good Luck.
So many possibilities for Bitcoin in the short term but one interesting path is that we are in a corrective wave 2 ( BLUE ) targeting $47300. Running flat is the most conservative prediction for me if BTC kept its bullishness potential.
It is possible for polkadot to visit 18 and/or 14 if the Bullish Crab Pattern worked well. I hope you good luck in your trading.
$Palt is going to $3.72 as a first target if managed to break the trend line. SL: depends on the level of risk
BTC is bearish in the short term but still good investment in the long term. I think if BTC wants to go for ATH break, it needs to establish a strong support in the $53K zone.
Are we going to see a bounce from $4.00 level? It’s a complete bullish H&S pattern but still surrounding news not good in the market.
In the chart $ANY probably is heading to test the demand zone @ $5.50 area. This is confirmed if price broke the rising channel downside. It needs big catalysts RIGHT NOW.
$WKHS looks bullish and targeting $8.85 $9.70 $12.83 Hopefully earning is positive next week.
Bullish pattern evolving in $ENVB First target is $2.38
CLWT is more attractive if closes above $3.88. Target: $5.08 Stop Loss: $3.50
This is one of the bearish scenarios which could occur for Bitcoin. Targeting $42k-$40k zone then bounces back. this scenario is invalidated if price goes above $51K.
Bitcoin is expected to continue rising and it might face a major top in the range between $50250-$50650. That top probably would be hit on 17-08-2021 morning time
Potential opportunity for AMS. T1: $2.89 T2: $3.19 SL: $2.48
DOT is heading to 22.373 and 23.873 if the H&S pattern played well in the next few hours. STOP: 20.100