5 waves most likely in, aiming for a swing short of potential 1:4.5R approx with waiting to add a good chunk on wave 2(ABC) correction completion. The price is also hitting a good resistance box.
Price has risen parabolic and with the last move, the volume is significantly low, with possible bearish divergence.
isn't that happen too quickly, i mean just before around 40 days bitcoin prices pumped meteorically from 4200 to 4800 on a rumor of a fake news which was circulated as april fool joke that SEC approves Bitcoin's ETF, and weird thing is that no one panics even after this news was refute. recently we've also seen the tether fud which could have great impact on...
Hi guys, we can see a possible triangle pattern forming up on 4 hr chart. Expecting price to fall eventually. 6200-6500 area may act as a local bottom before Christmas relief rally. Thanks and please share your opinion.
Litecoin remains vulnerable to further downside on the cryptocurrency market as buyers struggle to reclaim the $50.00 resistance level. The LTCUSD pair still has the potential to fall towards the $36.00 level before medium-term buyers start to move. A sustained rally above the $50.00 level could see the LTCUSD pair testing back towards the technically important...
ETHUSD: The contract is into dominant down trend. The RSI is taking resistance at the bear market extreme with a NR formation. 196.50 is a strong pivot level. The contract needs to register a close above it to establish a trend change (as a double bottom is noticed). However any failure to move above 196.50 will lead to resumption of the trend down again. The...
Broadening pattern
Broadening Wedges
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hey guys as expected we see a heavy sell off after breaking the 8100 level and close below it, i've said earlier that 8100 was a key level and if we close daily candle below it than we could see a heavy dump in prices and as you see we saw a heavy sell off upto 7500
now...
ok guys so for now things are really uncertain for Bitcoin, although oscillators are screaming for more bullish movements but some reversal indicators and by elliot wave theory we're likely really close to the top. from the above chart you'll see that bitcoin tried 3 times to break 161.8% level which is around 8170 and succeed in 4th attempt and hit the 200%...
MFT Mainframe looks completely prepared to take off, currently the only low satoshi altcoin which has not pumped yet. by looking at charts its clear that bottom has formed, you're getting bullish divergence and its getting accumulated from last few days. from here i was expecting the first wave to hit upto 65 sat or higher, and then a deep correction of wave 2...
hello guys, from the charts most likely Bitcoin has now entered in ABC correction wave, in which wave A usually made of 5 waves and most likely we're now heading towards much deeper correction of wave 3 which could bring us to 6200 level, but at present situation we're in a leading diagonal formation, so from here we could see a drop towards 7400, and then a false...
although i've already signaled Theta on 1330 sat through my channel, but those who missed that opportunity, can get a second chance to grab the dips. at present level theta is going in a correction wave 2 where it can retrace upto 50-61.8% of wave 1, which can push the prices between 1400-1330 sat zone, if wave 3 starts from this zone, which is most likely, than...
#MCO looks prepared for the 3rd wave, 2nd wave normally retraces 61.8% (upto 100% in some special cases), here we can see that 2nd wave has retraced almost 68.1% of wave 1 around 63k satoshi, and looking for the next impulse wave, make sure to join the ride coz wave 3 will have high intensity and will go up quickly. a normal wave 3 could go from 100-161.8% of wave...
