With a weak hands shake out, from the premature break of the ascending triangle and a failed H&S after to reck the premature sellers, looks like we are continuing the uptrend direction. On the move to hit 19k, if we are able to break and hold above the trend line. This is Crypto Wild West.
We getting into a corrective wave, rejecting the parabolic trend, and going for the main trend line (which will act as strong support).
I applied Elliott wave theory and fibonacci extensions in market geometry to predict key zones in price fluctuations. We are on ABC correction pattern. Let's see how it goes
head n shoulders, trend broken, small timeframe double top. if u watching this late, wait for pull back after entry.
BTCUSD is moving inside an ascending triangle, after it has broken a strong bearish trend. Look for possible retracements to enter in a long position. Beware of false breakouts due to this compression phase, if breaks the trend, that will be our invalidation zone and stop loss.
We are going sideways and making some harmonic waves, Looks like we have a bearish gartley pattern W. Beware of the inverse head n shoulders scenario. Cheers
Wait for double bottom confirmation, because we are coming from an head'n'shoulders
Eventhough we have a weekly bearish signal, price action is indicating more bullish pressure. Hence why the targeted locations for better risk reward setups. Always wait for pullback to enter after confirmations. Enjoy
This is a continuation of the US500 trade idea posted a while ago. I applied Elliott wave theory and fibonacci extensions in market geometry to predict key zones in price fluctuations. As I found Elliott studies so poetic and inspiring, I decided to do a twist with the name :) We are going for the bullish 5th wave. Look for signs of support around 3131 and enter...
if you operate in binance, and like to trade shitcoins. hop on this trade. cheers
They say when bulls climb the stairs, the bears jump out of the window. Using Elliott wave theory combined with fibonacci extensions to find the key retracements zones. Enjoy
Enter on triangle breakout to be safe, use blue line (EMA200) to place SL. enjoy.
We have to take closer look on the momentum of price and look for confirmation after retracing back to test the trend line, if it will act as resistance or support. cheers.
Double bottom and a bullish gartley pattern (M), but beware the tendency is downwards since we are moving inside a descending triangle
After strong ABC correction, we will start a new 12345 wave sequence. Looking for long in SP 500 after bounce from support.
We are witnessing some exhaustion in the uptrend movement, we are going to test the green trend line. after we touch the green trendline, check if price bounces or breaks it, even though we believe there's more chance to break it. its gravity... powerful law. enjoy
We are going to retest the broken trend line. Price Is forming a correction ABC zigue-zague structure. Looking to sell after rejection on the green line.