ADA/USD: Big Warning!!! Cardano will drop!!!In the inmediately update, I will going to closed up my long position of yesterday, the H1 timeframe it's look with extremely bearish perspective that put in cryptocurrencies in risk.
So, it's very easily. we are going to shorting cryptocurrency now!!!
So, I put my SL at $2.56 USD and I entry around of $2.39 USD, My profit it's $2 dollar. This it's all. We're going to downtrend now!!!
In exact, to make a notice, I bought XRP too to hold, I do not going to sell any cryptocurrency, Just I keep making trading as I know very well that by long term, cryptoucrrencies will explode and make adoption, early or late.
Good luck!!!
Bearishsetup
Bitcoin may to fall!!! BewareToday, Bitcoin drop from $52,300 USD approximately and leave down to $$43,000 USD, and now the price it's around of $46,600 USD. Now, this Daily candlestick drop over 17%, and that it's a large percentage for not consider a bull trend. For that, Bitcoin could to fall and go back to zones of $30k as I mark in weekly timeframe, this candlestick it's very important to know, if Bitcoin continue down in the next days until get the information on Sunday at 12:00 a.m., we could to take deciison if Bitcoin by weekly timeframe will go to down more. But now, the Daily candlestick it's look a bullish rejection and we could to form a second higher looking the price action. Now, I invite you to look down my perspective in weekly timeframe.
This perspective could to happen!!!
Now, I may to say that the market it's not bearish and bullish, it's put the market in neutral as we would needto know the another short timeframes to get best information.
BNB/USD: simetric triangle;break outBinance Coin break out this simetric triangle and formed a possible nice correction to short BNB toward $424 USD. Maybe, it's a good idea to short cryptocurrencies.
I hope this scenario in Daily timeframe. as you look, we closed up with a bearish candlestick, this it's a clear correction in this cryptocurrency and investor want to leading BNB down to find up best zone to buy. For that, you must to prepare to open up short.
I put my sell order limit at $467 USD and SL at $487 and target at $424. This it's a risk/benefit: 1:2. It's a good proportion to get nice profit.
***This it's my update today*** And for that, I find up this nice short position in BNB
BTC/USD: descending triangleIn this timeframe, there's a sell inminent in the Bitcoin price that we would need to hope and using the H2 timeframe to analyze better and entry in favor in this timeframe.
This it's the H8 timeframe that you can to see better this timeframe!!!
So, I predict that Bitcoin it's clearfully bearish and we could to drop 7% approximatey toward the best level of $42k to buy!!!
So, the sight it's look bearish in cryptocurrency for now. But remember, as we climbing in the past days, Bitcoin need to form short cycle to retrocement and then, climb with more impulse and power.
So, still alert. And also, My Chainlink long position was cosed up manually as bearish candlestick in H4 timeframe it's show us sell now and then, this it's so consequence that cryptocurrency need to find down best buy zones.
If you like this analysis, you can to view my recently Daily Analyss perspective in my Bitcoin forecast below!!!!
AUD/USD: 0.382% sell entryAussie it's look bearish and for 2 occasion it's make a confluence of 0.382% of Fibonacci to continue sell.
This it's the H4 timeframe and we broke down this bearish channel. For that, I put a short position in the $0.7340 USD with the SL at $0.7364 USD (24 pips) and target at $0.7244 USD (over 70 pips)
That could to to happen with Cardano!!!Cardano it's look weakness in front of Ethereum. Because Ethereum it's takeover power of cryptocurrencies like Cardano, XRP, Chainlink, and also Bitcoin. Ethereum rally it's showing us that it's so powerful than Bitcoin. For that, this scenario could to happen if Cardano continue crashing in front of Ethereum.
Cardano may to go down to 0.0003 ETH approximately and more down than 0.0002 ETH. If that happen, I may to get over 28,000 Cardano coins if Cardano down to 0.0003 ETH or over 40,000 Cardano coins if Cardano down to 0.0002 ETH. Now I have this plan in Cardano that may to weakness more as Ethereum strenghten the trend.
I don't going now to buy altcoins when Ethereum takeover power!!!
XRP/Ethereum ratio plan to buy XRP soon possible!!!This it's just my plan, now I take in note the following factor to determine to buy XRP in front of Ethereum.
If XRP reach down to 0.0002 ETH and accumulating 9 ETH. I may to bought in range of 40,000 XRP-45,000 XRP coins in hold. That it's so much coins
But, XRP could to continue down more of 0.0002 ETH. But I take in note the Ethereum market cap and Dominance to take a plan when to sell all my Ethereum. Now, I invite you to have 2 plan in cryptocurrency to accumulate, and also 3 in the same time. For example: Ethereum, Cardano, XRP and Bitcoin. And also, you can to add another cryptocurrency like Vechain, or many anothe to have a good plan to accumulate your main cryptocurrency.
XRP/BTC it's look bearish scenario!!!I look that XRP it's interesting to invest, but not in currencies, if you're so smart and inteligent, we can firstbly invest in Bitcoin when XRP down in front of Bitcoin and you can to take more power to buy XRP to hold.
As I hold 0.34 BTC. if XRP down to 632 satoshi. I could to hold over 53,000 XRP coins just if XRP continue down more, I'm enfocous in this part if XRP down to 632 satoshi, I going to buy XRP and hold 53,000 XRP in this opportunity. As also, I find up that when XRP making a bullish volatily hard and reach or equal the Cardano price, I may to change my 53,000 XRP to 53,000 ADA. This it's so theory. But if in case that XRP down to 632 satoshi, I will going to buy in this level of Bitcoin value.
I'm interesting in this cryptocurrency for my plan B. And you can to copy me if you like to invest like a professional in cryptocurrency.
ETH/USD: Ethereum fight to break up the resistance lineLooking Ethereum in H8 timeframe, it's look bearish. But now. I'm in short position too together with Cardano. I put my next trade in the downtrend toward $1,730 USD. This candlestick pattern in H8 timeframe it's bearish reversal and during this uptrend in the end fof the near of $2,200 USD. I see a group of bullish loss that put Ethereum into this sell.
I look that as I trade in based the Daily timeframe that the persspective it's look Ethereum bearish. I canceld and closed up my long position in Ethreum around of $2,020 USD.
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This it's the chart of Daily timeframe, we see a descending triangle in formation. That put Ethereum extremely bearish to $1,000 USD. You can view my another analysis on Ethereum where you can to click down of the link to related idea.
Big Warning!!! Ethereum could to crash 40%Ethereum forming a descending triangle, and that put in risk that Ethereum may to crash the vaue if cryptocurrencies doesn't make support in their key support zones.
My perspective in Ethereum it's becoming more bearish as the same with Cardano. If that happen in Ethereum, Cardano may to crash too. But in Daily timeframe, Cardano forming a bullish riisng wedge, the best perspective it's to check out the market in weekly or monthly timeframe to know where Cardano leading for.
BTC/USD: Bitcoin could to leading down toward the EMA 200At the moment, anayzing the weekly timeframe, it's look extremely bearish for Bitcoin. I thinking that Bitcoin could to leading down toward the EMA 200 in the average price of $19,000 USD. That level it's a higher price when Bitcoin reached on 2017 near of $20,000 USD per coin. THE RSI and MACD are bearish together with the price action.
Bitcoin form a bearish flag; bearish signal!!!At the moment and analyzing in H4 timeframe, I see that Bitcoin form a bearish flag that we forming between yesterday and today. Guys, the moment to sell cryptocurrencies are putting for investor the option to get cash and for the moment, don't invest in cryptocurrencies. This drop could be a big crash in the crypto-markets as China take control over citizens to prevent to use Bitcoin, and that put a Bitcoin in the risk by the China Government. But guys, if you save cash in what you get profitable, you can to buy more cheap cryptocurrencies and more coins that you have now.
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Now, if you look the H8 timeframe, Bitcoin it's making a pull back below of $35,000 USD key resistance in H4 timeframe, and I believe that Bitcoin it's not forming any bullish flag that I show you yesterday, just that Bitcoin could to continue crashing in the next days.
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Now, based in this theory, Bitcoin could to crash 28% to go to $25,000 USD approximately or crash 50%, and that put a Bitcoin price to $17,000 USD. in any mode, if that occur, Ethereum, Cardano, XRP and cryptocurrencies going to suffer more.
Now, I put a sell order limit at $32,600 USD in my trading app with the SL at $34,000 USD and my specific target will be $25,000 USD.
***As I buy Cardano coins, I decide to sell again. In the morning, I tweet that I sold my Cardano coins to get cash for now, There's not any good moment to invest in Bitcoin or any cryptocurrencies as the trend it's becoming more bearish.
Time to short Ethereum!!!Just I want to share my perspective how I see Ethereum. Ethereum brokedown the simetric triangle and right now, we are in the ressitance to confirm, but we can't to entry in the short position, just I may to hope in this timeframe analyzing in H4 timeframe.
If the next candlestick in formation show us a bearsih pattern, we can to entry to short Ethereum. My next forecast it's that Ethereum could to reach down to $1,650 USD approximately.
Update: Bitcoin form 100% Shoulder Head Shoulder; bearish patterAt the moment of this analysis. Bitcoin down below of $35,000 USD. i was in the good time in the just moment when Bitcoin down and make a volatile movement. But well, I can't to analyze it when Bitcoin form a bearish flag, but at the moment, I do not entry. but I am so near to entry in short position, but if you entry, ok, no problem, but I can to update my perspective how I see Bitcoin during this next days.
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Remember this analysis, BItcoin it's into this simetric triangle and the trend need to be defined. But guys, I did very well in my past analysis where I commente that Bitcoin form a shoulder head shoulder (bearish pattern), but I did very well my analsyis so precise. Now, if I see that BItcoin show us another entry to short, I will entry in this position until my target at $32,600 USD.
Bitcoin still bearish based in my perspective point!!!At the moment, I see recently that Bitcoin starting to up, but in general, Bitcoin it's below of the 3 EMAS: 200, 50 and 21.That mean that Bitcoin still in the bearish movement until $45,000 USD, that it's a Daily strong support and the best price to continue buy more Bitcoin. I know that the market it's overbought and that chances could to jump the Bitcoin price to down.
In Daily, it's bearish. But in H4 it's could to form another simetric triangle, and that could be a possibilities that Bitcoin it's in the middle point to down. And also, in H4 we see a bullish divergences, but remember, that not guarantize that Bitcoin up by divergences, use always the price action, in that case, Bitcoin still bearish until $45,000 USD. Now, depending what happened today, if Bitcoin just make a support above of $50,000 USD and continue up in the next hours, my others perspective it's that maybe Bitcoin could to form a shoulder head shoulder inverted in H4 timeframe.
Elliott Wave Analysis: TESLA With Bearish Setup FormationHello traders and investors!
Yesterday we shared $AAPL Apple and today we want to show you another, similar wave structure on $TSLA Tesla.
As you can see, Tesla made an impulsive five-wave drop in February, which actually suggest a reversal from the top into a higher degree correction, as five-wave cycle is barely the first leg A of a three-wave A-B-C corrective movement.
Well, recent recovery looks like a complex w-x-y corrective rally in wave B, which is now trading at key resistance zone here at the channel resistance line around 61,8% - 78,6% Fibonacci retracement.
So, if we are on the right path and if Tesla starts sharply falling back below 700 region, then we should be really aware of much bigger sell-off within wave C that can push the price even down to 500-400 support zone.
Be humble and trade smart!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.