it was end of the 2nd wave?butterfly harmonic pattern:
X=$1.47
A=$0.0054
AB=0.78 XA
BC=0.88 AB
0.78 BC=$0.193
0.88 BC$0.285
0.78 XA=$0.443
1.13 BC=$0.74
0.88 XA=$0.776
1.13 XA=$3
1.6 BC=$4.97
1.27 XA=$6.74
1.41 XA=$14.46
2 BC=$22.13
1.6 XA=$46.8
2.24 BC=$56.5
DEFI
Why I believe Bitcoin is due for further correction?Hey Crypto Community!
Following the UST/LUNA and related FUD events last week Bitcoin has dropped from $35,000 all the way down to $25,200. It has re-bounced back to $30,000 level on the following day and is currently trying to re-test significant resistance level of $30,000.
It is important to monitor crypto markets tomorrow and see at which level Bitcoin weekly candle will close. Should Bitcoin price end its week below the
$30,000 price level, there will be a high probability of downtrend continuation.
Why I believe that we will see Bitcoin sliding towards lower levels?
1. RSI indicator on a weekly timeframe is still in a bearish divergence and has not reached the bottom of its oversold territory.
2. 200 Daily Moving Average has been a strong support level during the bear market and indication of Bitcoin bottom.
Therefore, I expect Bitcoin price to go to its lower price levels. It looks like its due for another leg down and is very close near its capitulation.
In my next idea I will be sharing few macro indicators that already signalling the beginning of Bitcoin capitulation and BUY zone. I will share the best Bitcoin BUY signals.
Stay Crypto!
Please don't forget to "Like" this idea and follow to see my updates and ideas.
LUNA PONZI PLAYED OUT PERFECTLYThis LUNA chart that I charted back in February speaks for itself.
Head & Shoulders target met, Diamond Top pattern hit.
BTC dumped November, LUNA went onto pump and make ATH.
The fake out is the best I have ever seen as I said in previous post.
LET me be clear, I do not follow the news so I did not no what happened with LUNA until my girlfriend told me to check the charts when I was at work.
I was not surprised because the charts show you the news before it happens days, weeks, months in advance.
One ENTITY and one person making the moves is called a Composite, which makes this a centralised project (centralised finance).
I hope this chart shows people to remove emotion and zoom out.
NOT FINANCIAL ADVICE.
LUNA Daily Analysis 5.11.2022🔴 This coin with a 60$ billion market cap is moving towards zero with a 97% correction.
🟢Experience in the crypto market has shown that when the market is willing to pour, the word price floor does not have as much meaning as it does in the rising waves of the ceiling. So do not enter the purchase until the return pattern is seen in the currency in the hope that the currency is on the floor and do not risk your entire capital for a small profit.
💎Seeing the chart above, those who are familiar with the word loss limit and have strictly observed it will smile.
DeFi (TOTALDEFI)• Break of trend signs of weakness Posting chart idea following the video I made on this.
It is expected to see several DeFi projects to let go some of the 2021 gains and possible 2020. But we are not there... just yet.
This chart is one of major reason I could see Bitcoin also get a huge cut like piercing bellow 30k.
$GAL/USDT 1h (#KuCoin) Descending channel breakoutProject Galaxy is the new Binance Launchpool and just regained 50MA support, looks ready for another leg-up!
⚡️⚡️ #GAL/USDT ⚡️⚡️
Exchanges: Binance, KuCoin
Signal Type: Regular (Long)
Current Price:
10.750
Entry Zone:
10.678 - 10.002
Take-Profit Targets:
1) 12.353
2) 14.375
3) 16.397
Stop Targets:
1) 8.582
Risk/Reward= 1:1.15 | 1:2.3 | 1:3.45
Expected Profit= +19.47% | +39.02% | +58.58%
Possible Loss= -17.00%
Fib. Retracement= 0.5 | 0.702 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 1 week
Tags: #GALUSDT #Galaxy #Web3 #MVB #Oracle #Creation #DeFi #BSC
Website: galaxy.eco
Contracts:
#ERC20 0x5fAa989Af96Af85384b8a938c2EdE4A7378D9875
#BEP20 0xe4Cc45Bb5DBDA06dB6183E8bf016569f40497Aa5
BTC AT 28K IS INEVITABLE. By wasting so much time staring at my chart since the start of the year. Trying to figure out when will be the next pump. Well folks, i therefore conclude that, we will not see something like that again till NOVEMBER 2022. So hold tight, uninstall every crypto related apps and book trip to Himalayas or any sacred places. Retreat, train train train, mentally, physically and psychologically. Good day everyone.
ETH/USD Daily Neutral BearishETH/USD Daily TA neutral with a bearish bias. Recommended ratio: 35% ETH, 65% cash. Price is currently retesting $2684 minor support after being rejected by the uptrend line from 01/22/22 at ~$2900 as resistance. Volume remains moderately low and has favored sellers in two consecutive sessions, if bulls can't defend this minor support then three consecutive seller dominant days is likely. Parabolic SAR flips bullish at $2960. RSI is currently trending sideways at 55.31 just above 36.91 support. Stochastic is on day 2 of being bearish and is breaking down below 46.76 resistance after briefly breaking out above it; it is currently trending down at 29.77 with no signs of trough formation and the next support (minor) is at 17.81. MACD remains bearish after a failed attempt at a bullish crossover and is currently retesting -90.80 support. ADX is currently trending up slightly at 26 as Price continue to see selling pressure, this is bearish. If Price is able to defend support at $2684, then the next likely target is a retest of $3000 resistance (which would also be the largest supply zone). However, if Price breaks down here, then it will likely retest $2544 support before potentially retesting $2408 minor support. Mental Stop Loss: (two consecutive closes above) $3000.
DeFiChain Looks Extremely BullishOn the USD pair (left) three breakout attempts including current can be identified, the current one presents a nice bullflag to buy into on this daily timeframe
I dont have much to say about the BTC pair
Defi is forming a triple bottom⁉️💎In one of our last Defi analyses we have shown the formation of the double bottom. After the price bounced off the 8500 resistance area for the second time, we can witness a potential formation of a triple bottom.
💎The critical support lies at 5590, which is confirmed by the 88.6% Fibonacci retracement level. As of yet, Defi respected the support while trading at the bottom of the 5590 - 8770 range. This might be the beginning of a new cycle, based on the previous market waves.
💎We must start to see is ...
VVS staking holding% per cent within 2 MVVS lost abou 70% on token valuing (1k apy current)
it will be hard to solve for buyers above 3M, but theres good sighns of recovering about 30 per cent in 2M
#HEX vs #BTC consolidation nearing completionRegular followers know I've been observing this consolidation period for a long time.
And have noted the remarkable similarity, a fractal if you will.
Which makes sense as HEX was designed to be a better #Bitcoin i.e a store of value and addressed the shortcoining of the BTc protocol design (like many other coins before it)
where holders get coin inflation to maintain strength of the price and network.
Yet unlike most altcoins beyond an initial pump a sustainable growth vehicle.
True Hodler of last resort network and protocol.
(beware of extreme volatilty during the coming pulsechain lunch - a run to 25 cents is likely , there may even be a post fork dump, almost inevitable give the strong recent price action)