Crypto-trading
Is mco2 about to put in a new all time high Elliot wave analysis can see the wave on fractals not financial advice but does look good
MATIC long$MATIC is bouncing off the support level and the long-term bullish trendline. Bullish movement to the support level at 2,27$ is possible.
Bitcoin - Consolidating towards key level Bitcoin is consolidating towards the trendline for the fourth time, price is being rejected each time it comes close to the trendline. There appears to be good volume each time the price dips. I will go long when the price breaks above the trendline with strong bullish momentum and look to take profit around $45k.
BTC BTC is showing signs of weakness right now, and the institutionals have helped it drop yesterday night just before the trading floor closing, pushing the price to the trendline that supports the 3d formation .
On the chart you can see that the price is on the edge , depending on which side we get out of we will know what will come.
Scenario 1 Bearish :
We leave the Current support zone on the low side . This would kinda validate the head and shoulders patten that is drawn out. The projection for the finality of this move is looking grim , going all the way down to $17k-$18k. Until there we have some supports that will just pause the price descent but will probably not stop it.
Scenario 2 Bullish (less likely) :
An engulfing candle can reverse the trend, needs a lot of institutional help because the retail marked is shivering. If we manage to have this 3d candle we will then have a fight with the 0.618 Fib that has already rejected us. Cant say more for the upside until we get this candle. This would mean 3 consecutive days of green, week end is coming, kinda difficult to get .
What to do ?
If you are not in any position - wait
If you are in long positions - hedge and wait
If you are in short positions - you might make a lot of profit on the following moves , stop losses should be above 0.618 ($45000)
ETHUSD breakout 2389. Keep falling to the bottom))Reasons for breakdown 2389:
1. False breakdown of the level and the price does not roll back
2. Price returns to retest 2389 for breakdown
3. Negative situation in the entire market
4. There are no strong obstacles under the level, the movement will be fast
5. Bitcoin is falling
6. The power reserve is sufficient - a key point for major players.
If the support level breaks through, I expect either a sharp drop or a pullback to consolidate to the urvon, followed by a fall to the support level of 2145
$BTC daily time frame I was taught that when the price makes a false breakout from a channel, the price will retest the other side of the channel.
In this moment the price is not diverging(on this TF) and more downside looks promising.
I expect also a false breakout from the big channel/big fib level before continuing to the upside.
The green path drawn on the chart is a little exaggerated(but not impossible)
Crypto is not my happy place so don't believe what I'm saying :)
BITCOIN Will Keep Falling! Sell!
Hello,Traders!
BITCOIN broke a strong horizontal support level
Which turned into a resistance level
And I am now bearish on the coin
So I think that after the retest of the broken level
The pair will fall further down
To retest a massive support level below
Sell!
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BITCON - Trend getting to broke?!Every trader probably knows the rule "Trend is your friend", here we see we have a downtrend for quite some time and a lot of rebounds down .. but every trend ends, this one has already taken advantage of quite a few "jokers" :)
This is just a simple trend line analysis.
If the price starts to go down it can go down 20-30% without a hitch. Looks like we're on the border, up or down.
Good luck all!