A month ago I made a call that NASDAQ would continue to correct through an ABC wave (see related ideas) So far its playing out so I decided to give it a little more attention, with additional situations for consideration. Patterns could be wider or thinner than anticipated depending on news, fear & volatility. Bullish scenario: Inverse H&S Diverging from the...
So if crypto taught me anything the past few years its the 50% rule - At some point there is a 50% retracement from the ATH, which seems to be a much slower process back on the stock market - Putting the possible, eventual retracement in the 8k region! WITH THAT SAID, at reduced volatility, a 30%-40% retracement is a margin more reasonable with 10k being a...
Recently I updated a NASDAQ/US100 chart that was playing out an ABC scenario over the past month (see related links for more info). To put it simply, two major situations I see as possibilities on the US100 chart are - An inverse H&S - A macro ABC corrective wave Given $BTC price action is coupled with US100 price action at the moment, these patterns would...
Been seeing patterns on charts all morning and had to just get them out of my head and onto a chart! A simple bullish approach to Bitcoin's long-term price movement using basic Elliott Waves on the monthly timeframe. Pink arrows represent MAJOR Elliott Wave movements Purple boxes indicate key liquidity zones as well as a rough guide for potential entry / exit /...
Macro support zones come from the WEEKLY chart Three outlooks for the BTC daily chart! Green Outlook 1) Bullish continuation of trend with a future pullback into the upper macro support zone. Red Outlook 2) A healthy bearish daily correction to the 25 & possibly wicking-off 50 EMA if volatile. This appears to be the logical observation, so I have labelled...
Telcoin possibly approaching a decisive movement! Green bullish outlook: Push out of descending channel, successful retest off upper descending channel line, push past $0.02 then retest to confirm price breakout at the support zone (purple box), followed by a strong push to $0.03 (green dotted line) Yellow corrective outlook: Falling out of the support zone...
Lots of strong accumulation and completed EMA retests for Uniswap recently! (Which is no surprised, its the most used swapping protocol) If this bullish price action continues (and BTC remains stable) we could anticipate a push past resistance at the $31 mark to the ATH or potentially the 1.618 Fibonacci retracement pivot point over the next few days and...
Some evening TA for ya'll! Not personally in on this one ( but wish I could be !) Chart is pretty self explanatory Ascending channel to be aware of Two triangle flags for both cup handle and the lower ascending channel line Three outlooks, a bullish, neutral, and bearish As this is a cup & handle formation, the bullish outcome is generally anticipated by the...
Cumulation of thoughts, patterns, candles, TA, emotions, if the market gets REALLY volatile Extremely speculative. You could even tighten this TA up even more to the next few days / weeks! So much news every day... NOT FINANCIAL ADVICE. SPECULATION ONLY. DO YOUR OWN RESEARCH.
$AKT sitting in a neutral position Purple boxes represent key support zones Bullish outcome - Push past and test on 50 & 25 EMA Bearish outcome - Sunday retest & accumulation against 06th October daily wick @ $3.1 - $2.9 to confirm a breakout, followed by a continuation of the upward trend As I am PERSONALLY bullish long term on Akash network fundamentals and...