A good set up in the making. Almost after a year of consolidation price is trying to move out of the range which can open the doors of higher range. P.S - Very small stop loss P.S - Views are personal and for education purpose only.
There is a great chance that Ethereum has bottomed out! But first we need to break the downward sloping trendline to confirm this bias. I am sure aggressive traders are already buying the ABC correction and the 0.618 FIB retracement, which is definitely worth the lower stop loss they have for this trade. After the merge, the price of ETH rapidly went down,...
Warning: This analysis may completely transform you into a super bull! Interest rates are rising, which is bad for the stock market, but is it also bad for Bitcoin? Maybe not at all. On the other side, inflation is pretty high and the money printer is running, which is good for Bitcoin. We have a huge falling wedge pattern on the weekly chart that is very...
Only 5% of people will catch this massive upcoming uptrend on BEL. Others will jump in at the top, as usual. As you can see, we have started this brand new uptrend with a very strong impulse wave, which indicates a powerful interest from the bulls! You want to wait for wave 2 to be finished and catch the third impulse wave, which is usually the strongest...
There are currently 3 options with a high probability of happening: 1) Bitcoin will crash very soon, so after that we can start an alt-season on altcoins after the crash to 13k (best option). 2) Bitcoin will go sideways for another 3 months and create a descending triangle, which will be the most boring time (you don't want it). 3) Bitcoin will go slightly...
The situation for the stock market is really terrible. The fundamentals have never been worse in the last decade and it looks like we are going to drop even lower. We have probably started a brand new major uptrend in interest rates that can reach 15% - 20% in the near future. Also, government bonds are rising, which is deadly for the stock market. Let's be...
This altcoin is on fire right now because the bearish market structure is breaking out! On the daily chart , we can spot an inverse head and shoulders ( bullish reversal pattern) and a descending parallel channel . Both of these patterns have been destroyed by the bulls recently! This altcoin can definitely survive an upcoming crash on Bitcoin , so if you are...
Link looks pretty strong in the immediate short term, but for the long term I am still very bearish and I will tell you why in this analysis. We have a huge descending parallel channel on the daily chart and there are still no signs of a trend reversal. The first is that we at least need to break up this channel to be more confident. Also, my Elliott Wave...
LUNC now offers an amazing opportunity to sell your coins before it crashes again, which is really great! Also, you can enter a short position on the futures market to profit from this upcoming move to the downside. This chart is definitely not bullish. I see a big bearish downtrend that is in progress. The price is clearly moving in the parallel descending...
The trend is clearly descending and there is absolutely no sign of a trend reversal at this moment. The bears are extremely strong and I don't see any hope for a greater bullish price action. However, we can definitely experience a relief rally back to 21300 USDT and even break the trendline temporarily, where everyone can get caught like a deer in the...
The doges are still sleeping and we need more time to start a new uptrend, much more time than I expected previously due to fundamental changes in global economy. I belieave we will have a very nice rally after we finish this falling wedge on the daily / weekly timeframe! But for now, the bears are still powerful. The falling wedge is really beautiful, I like...
Except for DXY, everything is falling apart because everyone is selling their assets and buying dollars instead as a safe haven! Traders usually also need USD to open short positions on futures and speculate on price decreases. The dollar index is incredibly strong and this trend should continue for another few years. According to my analysis and to this chart,...
I am extremely bullish on the stock market, that's for sure, but I will tell you when I expect a great depression comparable to 1929-1932. Of course, it's really hard to predict the huge collapse, but let's take a look at it from a logical, mathematical, and Elliott Wave perspective. On the 12M (1 year) chart, we can see multiple bullish trendlines that have...
Gold has bounced successfully from the strong support level on the weekly chart. As per my Elliott Wave analysis, an ABC correction (FLAT) + Wave (4) have been completed, so we can start a brand new impulsive wave! On the weekly chart, we can spot a beautiful rectangle consolidation, which is a strong continuation pattern. The price is above the 200 moving...
This local correction should be over very soon, and we can continue higher in the uptrend! It's not an easy task to do an Elliott Wave analysis here, but this is how I see it. As per my Elliott Wave analysis, we are in the impulse wave 3 of the huge impulse wave 3. Currently, we are very close to the acceleration point, where we will see an increase in...
EURUSD is still trading sideways. It fails to break above the resistance every time it tries to do it. It looks like, there will be another try for a breakout again. If it fails again, then that could present to us selling opportunities. Our first target will be the bottom of the range but in case it breaks below it, we can then look for targets below the parity!
This is my revised wave count to account for multi wave extensions nested. Bitcoin while completing an ABC Flat (Irregular / Expanded) correction, touched the Golden Zone, and then bounced up to complete Wave C of the Flat. Special Tip: Flats (Irregular / Expanded) are quite common, as they inevitably run stop losses on both sides, and further introduce new...
This is my quick update on Bitcoin on the 4h chart (local price action). Price is still holding the major support zone (21 700 USDT - 22 000 USDT) and that's why my bias is still very bullish! We have an incomplete rising wedge, so there is a great chance for another wave to the upside. As per my Elliott wave analysis - we are basically in the middle of this...