30% chance of ATH soon for BTCIn this theory, there seems to be 3 equally weighted scenarios that may play out in the short term. Regardless, I believe the long term is still a slow trend to the upwards side. However, this could become a more exponential growth if 1 of these scenarios plays out, which has a 30% chance of occurring.
Continuation to ATH: 33%
"Dead-cat bounce" with a head and shoulders forming in the $48K-55k range: 33%
Immediate rejection around $48k-52k, then a drop down to the $30k range: 33%
Yea..."it could go up down or sideways"... I get that, however this is my "more detailed" version of that here.
A healthy movement on the RSI over the next week or two will be the best indicator here for the bullish scenario, and an over correction of the RSI will most likely signify the bearish scenarios.
ATH
🌳very important terminologies in Trading🌳Hello every one
🟡(1) Price action
The Movement of an asset or Security's price over Time , Plotted on The chart
🟡(2) All-Time High (ATH)
The Highest asset has Ever been in Price
🟢(3) Support
a Point in the market where the Price is less likely to drop below due to previous demand or price action
🟡(3) Resistance
a Point in the market where the Price is less likely to break above due to previous demand or price action
🔵(4) Trend line
a line indicating the General Price Direction of a chart
🟡(5) break out
when the Price of the asset break through a pre-determined Trendline
⚪(6) Formation
when a Financial Chart moves in such a way as to create a Recognizable pattern.patterns to signal trading opportunities either to enter or exit positions.
🟢(7) pump or bullish
The price of an asset is going up
🟡(7) Dump or bearish
The price of an asset is going Down
🔵(8) Long Position
a Regular Buy in The Market. a Trade that is Predicting the asset will go up in value
🟡(8) short Position
The opposite of a long Position. Entering a Trade position betting the asset to go down in value.
BIG news! BTC broke 45k! Bull market cycle getting closer! Another HUGE move by BTC. I didnt think we would cross 45k this week. Maybe next week but it happened TODAY. There is some serious strength going on with the market now and all indicators are showing this is the start of a full reversal. As i always note this isnt 100%, we are marking off check box after check box and we have just a little bit more to confirm before we can ring the BULL MARKET ARRIVAL bell. Exciting times. Good luck everyone!
I also go over SHIB a bit in this video and I go over showing how BITCOIN affects the crypto market as a whole.
Juicy Bottom With A Big BounceI chart using a modified elliott wave theory. I chart to the rules and nothing more. These targets are on the assumption the the entirety of the wave is yet to complete. No valid reversal I can see at this point. down we go, but here are some crucial buy levels. Never make a trade without a stop loss!
SAND, May jump soon from the support to the new ATH !SAND is reaching to strong support while completing an abc correction pattern ! It may pump soon !
SAND is nicely inside a up going parallel channel with two price action to upper boundary and many to channel mid line.
As shown on the chart, SAND has completed waves i,ii,iii,iv and v of a wave cycle to form larger degree wave (iii) and currently is correcting that cycle forming wave (iv). Strong support can be recognized at 3.33 USD formed by 0.618 golden ratio of wave (iii) , 1.272 extension of wave b of (iv) and 100% projection of wave a from top of wave b . This PRZ (Potential Reversal Zone) coincides with top of wave iii which is strong static support.
If true , SAND is going to show us a new ATH and offers huge profit ! . First major resistance and our target is 10-12 USD . If it can break that resistance, we can think about reaching to top of channel once more and making much more profit as well !.
Please note this is the Best Case Scenario . We know that wave 4s can take complicated forms like triangles which are confusing and boring. For now , lets hope for the best.
Wish you nice profits.
Possible path of $BTC if break from this range. If BTC breaks down here, I think it would be looking for the high liquidity area in the $37k-$39k range. People tend to bid round numbers like $40k, but since it seems like everyone would have that same mentality, it would break through $40k before eventually carrying back on towards new ATHs mid Q1 2022... or it just shits itself back to ~$20k lol
WATCH THIS DAY CLOSE🚀🚀In my last post I explained how you should have bought call options on the overall support line, from then the price has gone up.
If we manage to close a day candle over this resistance point we should expect very bullish behavior. Not that we haven't already.
Tell me what you think in the comments! Seeing everybody bearish yesterday but bullish today is confusing.
ROSE - My Trading Plan in a picture!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: left
ROSE is overall bullish trading above the blue trendline and now retesting its All-Time-High so we will be looking for trend-following buy setups.
on M30: right
ROSE is forming a channel in red, so we are waiting for a new swing high to form around the upper trendline to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, ROSE would be overall bearish can still trade lower till the blue trendline before going up. In this case, we will be looking for new buy setups to form.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GOLD This is what to watch!Hello All!
Gold is still consolidating in the weekly triangle also following the weekly 200MA.
A break out from this triangle will push towards new ATH or search for buys near the supply support levels.
A break from support would be bad news for Gold however much less likely due to the current political climate & current events.
TSM, Will make a new ATH !TSM 's trend is clearly up . It more than likely has completed waves 1,2,3,4 of a wave cycle and now is completing it's final leg.
TSM' s Tripe three complex correction has ended on 6 Oct 2021 at 107.58 USD. Currently it has completed wave 1 and 2 of last mentioned final leg up and is in wave 3 the final wave .
Our targets are :
1. 149 to 151
2. 161 to 163
3. 174 to 176
I give more chance to 161-163 for now however we have upcoming Earning Report which predicted by analyst to be a strong one and may push the price much much higher!
Normally I expect a correction after hitting our target, retrace back to around 110 and another move up to new ATH.
Our buy point is taking out 135.5 high.
Good luck everyone!
How long takes for FTM to reach new ATH!!!According to whalestats.com during these days top ETH whales start to accumulate FTM, if it's going to continue next days and the amount of FTM which is hold by Exchanges drop more.
FTM could submit a new ATH. although short correction would be inevitable to gain enough power to break resistances just like what we see with MATIC.
BTCUSD - THE BULLS take control? When will we hit the new ATH? WHi Everyone.
I came Back also with the weekly timeframe for the earlier post to have a better view.
We have a great support at $40.000, the Stochastic RSI , RSI + MACD , prepare to go up and if it will continue, we will start a new rally for the ATH . Comparing the other uptrends timeframes it is possible to see a new ATH in May.
Don't forget to hit Like button if you agree with my idea.
Disclaimer: I am not an analyst, do not throw stones at me, I am just sharing my thoughts.
Regards,
Razvan
BTCUSD - THE BULLS take control? When will we hit the new ATH?Hi Everyone.
I was looking at the bigger timeframes and I saw this repeating Bullish Flags
I've published this chart on a Daily timeframe to see also the Elliott Waves that predict the trend change.
We have a great support at $40.000, the Stochastic RSI, RSI + MACD, prepare to go up and if it will continue, we will start a new rally for the ATH. Comparing the other uptrends timeframes it is possible to see a new ATH in May.
Don't forget to hit Like button if you agree with my idea.
Disclaimer: I am not an analyst, do not throw stones at me, I am just sharing my thoughts.
Regards,
Razvan