After a 95% drop from its top, SNX formed with its fall the ABCDE waves and at the end of its E wave it still created a head and shoulder inverse shoulder with a target at $7.50. An opportunity that can give us up to 150% profit. This review is for study only, do your own review. This analysis becomes invalid if BTC continues its decline.
In the previous review, we saw that we needed a breather in order to go higher. That might be the point. Although on the weekly chart we are overbought, that hasn't stopped us from previously having higher prices in the past. Let's wait for the daily close, above the support line and hold in this region, until we have the strength to go higher. If you like the...
XVS has great potential, it's been accumulating for a long time within this channel. After 3 rejects touches at the bottom of the channel, it may be taking power for a PUMP soon. Let's keep an eye out :)
After A,B,C,D,E on the 4-hour chart's triangle, we are finally breaking up. A break of this upward triangle would cause us to break the downtrend line that comes from the 9th of May 2021. Let's wait for the next few hours or days to confirm this! :)
Everyone is so leveraged that every now and then you have to take some profits. I believe a big drop is very likely before the BTC rises from 60% to 70%. Let's wait for the next few days! :)
After wave 3, LPT retracted with wave 4 down to 0.618 fib, maybe now is a good opportunity to catch the next wave, which could reach the previous ATH and maybe overtake it. Let's keep an eye out for the next few days! :)
After finishing waves A, B, C, D, E, the next step can be ATH. Let's keep an eye out for the next few days, this could yield us a gain of over 100%.
In an analysis earlier than a month ago, I saw that bitcoin was possible after losing an all-important uptrend line could make a double bottom at 43k. But I also warned of the possibility of going for 30k because it could bring negative thinking from investors, largely due to the high euphoria that we were experiencing. Today many say the possibility of bitcoin...
After an astronomical rise, Burger appears to have corrected 0.5 of the Fibonacci retracement. What would start wave 3 that would take us to the top of the 19th of February, after that it is most likely to correct to the top of the 2nd of May and then continue its last wave until the ATH. s3.tradingview.com
In a previous analysis, I noticed a bearish pennant formation. After breaking an important bullish trend line, BTC needs to find a bottom in a strong place. This place will probably be at 42, 43k and thus closing the last wave 5, then the next waves (ABC) would return to the bullish! See that I've been alerting this formation for a while, leave your like for more...
What Bitcoin appears to present in my analysis is a bearish pennant, which could take us up to 43k, with a high probability of holding and making a double bottom and continuing its upward trend. But this can bring negative investor thinking and cause us to return in the medium term to the last uptrend line that comes from the Corona Crash, at 30k, even reaching...
Apparently, it is a bearish flag , if that is true, it could lead us to low prices that would break the uptrend line that comes from 11k. This could probably take us to 43k.
The BTC made an ugly downward movement, which can be interpreted by bulls or bears in different ways, depending on the exchange you see on the daily chart. Apparently, it looks like bitcoin closed below the 50-period moving average, but it can be interpreted differently by bulls. The short-term bearish trend line can also be interpreted in two ways on different...
It is extremely important to maintain this point, if the market does not hold, prices can fall a lot. If the market loses this upward trend line, we can reach 43k, 30k and 16k. If the market holds on to this point, the correct thing is to continue its upward trend towards 70k.
As mentioned in the previous analysis, the correct thing was for Bitcoin to retest the previous resistance to now become a support. Super important to hold above those black lines. With a close on the daily chart above these lines, it is a good sign that we are close to 69-70k.
After breaking the resistance, we will test the resistance that now will possibly become the support, if the market keeps the price above the black line, we will go to 69/70k.
Wave 5 can take us to ATH, let's wait for the next few days :)
With the OCO formed, the bulls need to accumulate a little for the next climb!