Get started

Corection

US30 - Dow Jones - YM1! - H1 - Intraday Analysis - US30- Dow Jones- YM1! - H1 - Intraday Analysis - SELL We are waiting for a breakout on the 0.786 Fibonacci Level to consider to enter short. Our first target will be the 0.618 Fibonacci Level and second target the 0.382 Fibonacci Level. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Entry: 24440.00 | Stoploss: 24640.00 | Takeprofit1: 24140.00 | Takeprofit2: 23640.00 | ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you like this idea please click the like button to support us, thanks. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Disclaimer: All information and ideas provided is for educational purposes only. It is not a recommendation to buy or sell. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
OANDA:US30USDShort
by Sami_Derti
Do we temporarily not see BTC around 10,000 USD based on Elliot?After rising around the bottom at 6,400 USD in Dec, 2019 and passing the resistance areas at 7,800 USD, 8,200 USD, $ 9,200 USD, and $ 9,500 USD and reached to around 10,500 USD BTC looks like entering the correction phase rather than a short correction time like we saw recently when BTC increased because the volume recovered weakly and the price broke the support threshold above the weekly frame and has not yet recovered in the MA50 area on the daily frame. In case the three-wave correction pattern ends, we can see a rebound of BTC from around the end of March or early April with the lowest price in the correction not lower than 6,400 USD. If the price is adjusted lower than 6,400 USD, it is likely that BTC will need more time to create new bottoms and to recover. This pattern based on Elliot theory is invalid / needs to be reconsidered when BTC holds in the zone 10,000 - 10,100 USD in a rally of next days or BTC falls lower than 6,400 USD in the correction phase. I appreciate if you drop a like to support the idea. Anw, thank you for your time to see it ^^. P/s: Non advice investment here. Telegram: @Lucytran
BITSTAMP:BTCUSD
by Lucychan
1
Zclassic VS Bitcoin Could Go HigherZclassic recently bounced off the 112k satoshis and went sharply up, reaching 145k level, where it has rejected the 50 Moving Average. Since then price was bouncing off the uptrend trendline and today broke above the downtrend trendline as well as the 50 Moving Average once again. ZCL/BTC reached the resistance at 135k satoshia and went down bouncing of the downtrend trendline and the 50 Moving Average, suggesting the continuation of the corrective move up. But break above the recent high could be an additional confirmation of the potential wave up. When/if 135k satoshis resistance is broken, the next resistance level is seen at 150k. Break above it could mean the trend reversal, resulting in a strong upside move. But if the current resistance will hold, downtrend might continue or at least price could go down towards the 112k satoshis support.
Z
by CryptoPAMM
2
BTC - It's the Final Countdown.Folks, I came to the realization last night and this morning of two things. Firstly we have formed the predicted head and shoulders and we now have a 1000 point potential drop from the neck line which is around 9k ... so 8k for this next wave. Second is, the waves from 9.99k down to 8.98k and the back up to 9.4k just confused me. I don't want to bore you with detail, but we though a 5 impulse wave followed by an ABC. Weird. Well, it became clear this morning, I was looking at far to small of a time frame. It became clear to me that the impulse down is likely far from over, and we are forming wave 3 now. The question is where does it stop. If we assume that this down wave is an ABC, BTC could stop soon (anywhere from here - which I doubt - down to around 7750 level, likely 8k to 8.2k). That is the blue wave theory ... which assumes BTC is actually in a grand impulse up and it will start forming wave 3 after this wave down completes. However, if this is an impulse down, purple wave 3 completes, BTC bounces up a bit and then we fall again to form wave 5 ... that's the grand wave shown in red ... taking us down to the 6.8/6.9k mark, and completing WAVE E of a triangle wave. As you know, wave E is difficult to predict, and can over-extend. So, it will be interesting to see the action of this current wave, and in particular what happens next. The two directions are clearly opposing, one saying we could go up to 11.7k to test that peak, the other saying BTC could go to 6.8k or lower. Remember, only a fool relies on one potential outcome. Do not make financial decisions on this information. For educational purposes only.
BITFINEX:BTCUSD
by MAGICMARK
4
Expanse 100% Growth PotentialExpanse formed a bullish divergence on the RSI oscillator, while it found the bottom at $1.18. Price then broke above the descending channel, but stuck around the $2 mark. The RSI is in the overbought zone, which could result in a small corrective wave down. Nevertheless the bullish momentum seem to be gaining the power and the price could shoot up any time. The strong resistance is located at 50% Fibonacci retracement level, that is $5.5. This is a 100% growth potential that could be achieved in a relatively short period of time. Break above it should confirm trend reversal, while rejection could result in a strong wave down.
ELong
by CryptoPAMM