shoshitrades

shoshitrades

Based on the Elliott Wave count, Bitcoin appears to be in the final fifth wave of its macro cycle. This fifth wave is typically composed of five smaller subwaves, and the chart indicates that we are currently in the corrective fourth subwave. This wave is expected to find support within the 74-78k USD zone, aligning with key Fibonacci retracement levels...

shoshitrades

So far, it looks like a breakout above the previous all-time high, but no FOMO just yet. We need to see several daily candle closes above the previous all-time high, ideally with a weekly candle confirmation. Until then, the price may drop below the all-time high and return to the range.

shoshitrades

On the weekly chart, you can easily identify what is happening now. Ethereum has just hit a significant resistance zone (Value Area Low of the wider range + anchored VWAP from August 2023). I have outlined both scenarios that could occur now and the targets for both directions.

shoshitrades

BTC closed below the Value Area High (VAH) of the range, suggesting that the next likely move could be towards the Point of Control (POC) at 66-67k and the VAH of the range at 60k+. Will we see a range rotation?

shoshitrades

Bitcoin has just hit the weekly resistance level at 69,032, and it looks like the price might be rejected. We can also notice a bearish harmonic pattern. Another confluence is the Conformator and its upcoming red cloud cross. All these confluences give me an entry for a short position, with the next two strong support levels in the 66.5k and 63k zones.

shoshitrades

The Ultimate Zone is showing strong support in the 2343-2474 range. The key resistance is in the 2930 region, and if the price breaks above it, my next target will be 3500.

shoshitrades

I do! Thanks to the Ultimate Zone, I’ve identified a strong support zone where the chances of seeing a reaction are higher than 50/50—ideally, a reversal point. Subsequently, the price should take the current liquidity above 63k. A major resistance zone that we might encounter is in the 65-69k area, where I would target the final take profit.

shoshitrades

My custom indicator, Confirmator, is flashing warning signs, indicating that META may be on the brink of a significant decline. A key support level is highlighted on the chart, which could determine the next move. Keep an eye on this area and be prepared for possible downside action!

shoshitrades

My custom indicator, Confirmator, is signaling a critical point, suggesting the market could be on the verge of decrease. A strong support area is clearly marked on the chart, which could play a crucial role in the upcoming price action.

shoshitrades

EUR is around a high timeframe (HTF) monthly resistance level. This could lead to some reaction or even an ideal trend reversal.

shoshitrades

Price hit the resistance zone around the VAL of the range and was rejected. Now, I expect we could reach the 53.7-55.2k support zone.

shoshitrades

On W TF we can see ugly rejection from monthly naked POC and also swing failure pattern on this previous range high. My idea is easy with using anchored vwap from the bottom (it is magnet for price) and the nearest strong level around vwap is HTF weekly level. Actual resistance could be at 44k.

shoshitrades

I marked several levels on chart, where the potencional reaction can come (40k / 38k / 34k / 30.5k / 26k). The ideal swing short trade for me would be from the 40k zone with a target of 26k

shoshitrades

I see an opportunity for altcoins in this wave. Nasdaq and SPX are also bullish in the short term and BTC liquidity above 30k is very tempting. We'll see if this harmonic patter idea plays out.

shoshitrades Updated 

I see strong resistance zone above us which SPX didnt reclaim. I expect a drop to the support zone I marked on the chart. Lot of confluences here, specially 1:1 abc, harmonic pattern, HTF levels

shoshitrades

I found this EW pattern for BTC. Lets see if it plays out :)

shoshitrades

ONE is back inner main range. Bottom of the range (VAL) was retested and strong anchored vwap volume (blue line) is holding well. Main POC (red line) has next confluences for nice take profit area. Good luck traders.

shoshitrades

BTC entered into nice support zone and Garley pattern can be in play. 886 is my max ladder level. Closing below 33k is invalidation for this pattern.