mmladenoff

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Hi friends, I haven't posted anything for a long time since I was packed up with a lot of work. So looking at Bitcoin , it was an inevitable decline. If we take a look at BTC price action since the 2020 March selloff, we started to build a huge Elliot Wave Pattern. At Wave 5 we can see that we are ending with a rising wedge , which shows that Correction Waves...

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Bitcoin CME Futures are so gappy these days because of the high volatility during the weekends, so I decided to write my own script to follow them. This last one is looking like an exhaustion gap after having a breakout gap on lower levels. But currently, there is a symmetrical triangle, which if broken downside we might test the gap support line at 26,645$....

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BTC is currently at the top of a strong rising wedge. This top is a Fibbo 1.618% from the Fibo retracement of the 28,395$ to 25,887$ (I am following the log scale charts, so might have some difference on non log), also 30,000$ is a psychological level. We have a huge bearish divergence on 1H and 4H charts but as BTC showed us, no f*cks are given for the...

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Looking at BTC on 1H chart, I noticed a diamond top pattern, which is not perfect but yet it's there. I drew it with the yellow trendlines . However, the purple trendline in the bottom of the formation is the neckline of a possible H&S pattern, which is also visible on 4H chart, but this is valid if the left shoulder is formed in the near future. Thus, if this...

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US SPX500 has formed a rising wedge and it has been retested, which shows a clear downside path. The retest of the wedge trendline has been rejected with a bearish engulfing candlestick pattern. Unless the US decides to print more money and flow them into the stock market, the price is going down. However, even if they do, the fall is hard to stop.

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BTC skyrocketed after breaking my fractal in the last trade I uploaded. Now, from this high 23,800$ or around 24,100$ we should try the fibo 38.2% retracement level, which is also on the same price as a trendline, which comes from the beginning before the previous bull run.

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Bitcoin has formed a huge H&S, and is currently struggling at the neckline. However, if we look closely there is an broadening ascending wedge on the right shoulder (ugly one, but still), supported by a bearish divergence on 1H and 4H chart. If the supporting trendline at 19,100$ is broken we might see a further fall. Thus, we should be very careful right now. But...

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Bitcoin is again in a Symmetrical Triangle. If it is broken upwards it would bring the price to its local resistance. However, if it is broken down, my target might only be the first stop, the second will be filling that 1000$ gap. Pay close attention to the volume at breakout, because as we saw on my previous analysis we saw a small fakeout before breaking down....

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Bitcoin BITMEX:XBTUSD is in a symmetrical triangle, trying to decide if it should break ATH or it should go down to fill in the BTC Futures gap. Either way I am waiting for a trendline break and close for a confirmation for a trade.

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Currently, BTC Futures are in a rising wedge, with a target of 18,550$ (if the trendline below is broken and the candle closes below it), and a minor 19,000$ support, where it might decide to retest the wedge trendline. However, as BTC followers know it might decide to break the wedge upside, but it is a smaller probability.

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GBPUSD is headed towards the 1.34$ level where a massive H&S Neckline is positioned. If OANDA:GBPUSD breaks its second resistance at the neckline, it would lead the price close to 1.40$.

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If the H&S neckline is broken, the price of BIST:SISE could move higher hitting the resistance zone at the small gap which might send the price back to retest the strength of the neckline.

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On 4H Bitfinex Chart a Cup and Handle formation has been formed. The handle is in the 50%-61.8% retracement range from Fibonacci and also the price is rejected from the trendline and EMA50. This gives a possible target of 50%-61.8% of the Fibonacci extension. Also, if the price breaks below 86.10$ this would break the last fractal on 4H holding the price and then...