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...
Pavel Durov was detained by French special services at Le Bourget airport in Paris. It might be funny to short it right now, because we have never seen any significant reaction on the currency right now
Pavel Durov was detained by French special services at Le Bourget airport in Paris. It might be funny to short it right now, because we have never seen any significant reaction on the currency right now
Dogecoin price acting like i predicted. In accordance with my base scenario the 5 ways down structure is exhausted at this moment. Congratulations! I see 3 probabilities how the price may continue developing. First of all, 5 waves down are never the end. Therefore, we could see a correction ~ to USD 0.103 if a Double Zigzag develops. You can see the target of the...
There are no guarantees in the markets, only probabilities. I see the following 2 short-term probabilities: On the 2-day timeframe we see an impulse structure. The fourth wave has already completed. According to Elliott Wave norms, it may go a little higher, but not significantly. The top could be the 0.174 EUR MAX mark. According to the principle, the fifth...
McDonald's share price is drawing the company's logo on the chart, which is a potential Double Top trend change figure. If the support area of 250.00 is broken, the potential for a fall to 200.00 will open up. There have been three similar situations of this magnitude in the history of the company. All of them realized a 30-60% drop, i.e. they were senior corrections.
Each time price went under the 2-year SMA, it reached at least -40%. Up to that point, price had never gone under the line by more than 60%. At the same time, we have seen many more strong moves in the opposite direction. According to the alternation norms, there is a higher probability that the price action could be rougher this time.
My anticipation is 28500 EUR and a powerful reaction from here
My forecast from April 2 worked out perfectly. The targets are achieved. I have not met a more accurate analysis on the Internet, everyone was wrong. Now I am anticipating a reaction within the 4th wave of the lower degree. Good luck and have a massive profit!
If the price of BTC reaches the level of $70,000, shorts will be liquidated by $3.5 Billion. And if the price of BTC reaches the level of $51,500, then longs will liquidate about $10 Million.
According to my anticipation the total crypto market is in ABC correcting structure. All the rise in 2023 year was on reducing volume. There are also other indicators. Here is my base scenario for the ABC wave structure. After two more new read candles on 2W TF will have one more confirmation. The trading itself is simple, the more complicating thing is to...
We build a robot that calculates and the daily total trading volume on the Dogecoin blockchain. Yesterday the blockchain volume fell from 9.2 billion to 7.6 billion. pbs.twimg.com Good luck in your trading and have a fat profit! You can find my price action anticipation in previous postings.
Historically, buying below SMA-200 is one of the safest places because price always went up from here. Nevertheless, i would wait until price decline at least 30% more from here first