first look analysis before i get liquidated lets go
As with so many of the CC charts I follow OML is needed to complete their respective first waves down. ETH is in the same position and the next fib down is $1510. I am anticipating $1510 before any respectable retrace takes place. Best to all, Chris PS: I’ll be on vacation from 9/1-9/15 and will not be posting during that timeframe. I may be able to...
ETHUSD Daily neutral with a bearish bias. Recommended ratio: 40% ETH, 60% Cash. * S&P US August Manufacturing PMI fell to 51.3 (from 52.2 in July) , its lowest level since July 2020. Cryptos are seeing a continued rally from Sunday to start the week while Equities were mixed but stayed relatively flat. DXY took a dip while Treasuries are up, and both the VIX...
Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for Bitcoin (BTC) and Ethereum (ETH). I get asked all the time what I think the bottom for this market cycle will be for BTC and ETH. Today I am posting my charts for both using basic analysis - Support and Resistance Trend line, Volume, Volume Profile Volume Range (VPVR),...
Hello Ethereum just finish the "hunting" i think. Price rejected from 1680$ Short with SL at 1680$ First target 1610$ U can see some SL/TP model on the chart but use your own GL
I am looking at both ETH and BTC both could possible close above an important resistance level. Here you see ETH wick to a higher high since 8/19. If ETH can close about about 1647 on the 4H we could see a slight move to the upside. Let me be clear that I am overall bearish on the market right now but could take advantage of a possible short term upswing if the...
hey everyone, A 2nd bearish divergence has printed a strong TP for Ethereum at this current high. In 2 days we get a weekly candle close and if it's a bearish engulfing that will create added pressure for the bulls as bears will be more enticed to bring price lower. In cohesion with the Elliott Wave count on ETH we can see this as a valid 5th wave double top...
AUG 9th USDT.D analysis 5.96 was a big measured move from the previous bear flag and we can see 2 consolidations for a double bottom bounce. Big daily/weekly wedge to watch still especially with CPI data which will affect all markets likely tomorrow. It went sideways long enough after the bear flag break towards the right side and wedge resistance even though we...
J'attends un retracement haussier jusqu'à l'OB avant une continuation baissière. Tout est sur le graphique !
Welcome to NewWave Traders Here you will find that I use Elliott Wave as my main pattern identification system, however I pair it up with 3 other components to create the NewWave System that allows me to navigate the market the same way, thus providing consistency in my trading results, confidence in my execution and makes trading much more enjoyable and...
Hello everyone, let's take a look at the 1H CRO to USDT chart as you can see the price is moving above the local uptrend line. Let's start by setting goals for the near future that we can consider: T1 - $ 1,645 T2 - $ 1,658 T3 - $ 1,669 T4 - $ 1,680 and T5 - $ 1,695 Now let's move on to the stop loss in case of further market declines: SL1 - $ 1,638 SL2 - $...
In this setup we see Nexo hitting its C&H neckline. Volume decreasing since the middle of the cup and exponentially decreasing when in the handle. Just like we like to see it. Target is bottom of the cup towards the neckline. We can see 2 necklines. However, I prefer the conventional one since its target wil allign with Nexos big resistance. For now, we would like...
I think it will move up in this frame, but it needs to do it fast, otherwise the swelling in the DXY chart will go down and if it rises to around 120, the probability of seeing $ 19 thousand in BTC will increase.
As far as statisctics go, ETH has recently had an extremely oversold week both as per the RSI and Stochastic RSI indicators. This has often proven to be a great entry for long-term hodlers. However, analyzing the weekly logarithmic chart, we can see that a downtrending channel was formed and the price has so far respected its borders. This could imply further...
OPUSDT has formed a bullish pattern at the support zone. The price wasn't able to break below the support zone and there is a high possibility that the price goes up after the consolidation. 💎 OPUSDT 🔵 Entry zone 1.176- 1.333 🟢 TP1 1.497 🟢 TP2 1.756 🟢 TP3 2.384 🔴 SL 0.929 Good Luck 🎲
AVAXUSDT has formed a Bullish pattern at the support zone. The price was not able to break below the support zone. we can expect that the price goes up after the consolidation. 💎 AVAXUSDT 🔵 Entry zone 22.47- 23.72 🟢 TP1 25.36 🟢 TP2 29.26 🟢 TP3 34.79 🔴 SL 20.23 Good Luck 🎲
Dear friends, First of all before starting this update - know that investing in Luna are very risky, this update means not that you should invest depending what it expect - do always your study fine. the below study depending on personally expecting. The new luna did shows since start an increase - since that moment it did return 1,60 and below. Today there is...
I want to see bitcoin around 20,500 ish in order to meet the correction of the price action on its 61.8% Fibonacci retracement. Weekly RSI is looking good, we are above 30 on today's price. But if you wanted to secure a position. You can buy a small portion of your margin around 21k just make sure to calculate your risk and potential loss because we can't predict...