Right now, is probably a good moment to open short positions. The price reached the level I was pointing to, just perfectly! It's incredible how accurately rules, norms and relationships are working. I am amazed every time when see in action the power of the principle. Hope you were in time to open short positions. My base scenario - I am anticipating Dogecoin...
If the chart will consolidates above 5.81%, i.e. above the sloping downtrend line, this would be an early indicator of the start of a bear market, because this line is global for the current bull market. The second confirmation will be if dominance will bumped at 3.94 - 4.30% range as wave B and will update the end of wave A.
After 4 months of watching at this chart i made a conclusion. Here is the global picture. The reactions on the chart are always zigzags. The whole figure has: 3-5-3-5-3 structure, which gives the impression that it is an ending diagonal. The target for diagonal is a figure is its base, marked by the blue horizontal line - 9.42% on the dominance, or +72% from the...
The hryvnia has suddenly decided that it is not just change for bread, but a whole spaceship, and rushed to break the 11-year trend line! It says it can go up to 23-27 per dollar. That's where the alt-season is going to be! Interestingly, this correction coincides with the end of Trump's presidency term. Alternative scenario - the dollar will fall to 36, then...
Here is projection for upcoming targets path. As we see tonight reaction gone further than 61%. This is not standard ratio and may indicate the power of underlying trend. According to my waves count market is in a B wave of minor degree now. The important thing about it - is degree positions: The end of subwave C will coincide with the beginning of the...
Trump has announced a very aggressive bull run, it may be profitable and last soon In fact it started 2 days ago, in the Friday Here is the Top and the whole this figure is an Extended flat figure with targets: 3.82% 3.3 % Dogecoin 0.335 or 0.81
Hope you all remember the support line at 67k, because i mentioned it the 2024 year. As for Dogecoin the bottom of the Diagonal figure at 0.085. I would not buy there ALL IN because still there is no confirmations whether it Ending or Leading Diagonal. PS: I apologize for the infrequent posting here. This is due to TraidingView content politics. I am not...
Here are 2024 September - November USDt rally metrics: 66 days, 4.6 Trillions volume. The first sub wave of micro degree is 1.39 points or 20.85% length. The third sub wave of micro degree is 2.32 points or 35.7%. Which led to +89% at BTC, from 52k to 99k. The triangle in fourth position has 0.75 points - 16.77% min basement or 0.97 - 20.69% max height....
The Top 5w value can be demined by reversed fib based ratio measure of third primary wave to the bottom of 4th. if to measure very precisely, it shows 134 thousands USD. #bitcoin
As for Dogecoin there are 2 scenarios: 1) We have a deal with Triangle on a minor degree. In this scenario price unable to go much further than 0.302 2) We have a deal with primary Diagonal, in this scenario price may reach 0.177 before first reaction. But after this reaction fall may continue and update the 2022 low slightly. #BTC #DOGE #USDT
In a barrier triangles waves B & D end at essentially the same level. There is probability E wave will exit. Exiting beyond trend boundaries is possible, but is not a strict rule. As you see on the chart the limit for the triangle correction is 0.305, if it exits, it may reverse at 0.36. When wave 5 follows a triangle, it is typically either a brief, rapid...
The average Dogecoin birthday has no impact on the asset price
Here is how price is growing at overheated bull market. +137% for 8 days
Here is my alternative waves count. Diagonal in this position is rare figure in both scenarios, a bear and a bull. The ratios are matching for labeling variants. In this situation an external indicators may help us to decide which side is right. A Diagonal is only five-wave structure in the direction of the main trend, within which wave 4 almost always moves...
A couple weeks ago i have identified Diagonal at TOTAL chart 8d TF. Now i managed to recognize it on BTC. Diagonal structures are found at the termination points of larger patterns, indicating exhaustion of the larger movement. Ending diagonal often ends in a throw-over, ie, a brief break of the trendline connecting the end points of waves one and three. A...
I found a pattern that is the key to upcoming moves in all cryptocurrency markets. I am looking at the same charts for months because I focus on them as indicators, however I has discovered it on TOTAL, which indicates his predictive strength. It is quite simple to understand the pattern. Here is a quote from the book “Elliott Wave Principle”, - A diagonal is a...
Facts: 1) This is a third time price is testing the trend channel support. 2) We see on MACD oscillator is the reversal is started. There is a possibility that the support will be broken, but the previous Global financial crisis, the EURPLN pair acted in the opposite direction. If this time mechanics will work out the same way, price may hit 6.4 PLN per single...
Downtrand is broaken, but the probability that capitalization will grow is not high. 1) On the lower timeframes oscillators are ready to go down. 2) The tendency to decrease volumes is stable. S&P 500 hits new high a day after Fed rate cut - stock index trades above 5,700 for first time ever. When the price takes a new high, and on the RSI oscillator we see...