BTCUSD Daily - Little Hope Left Crypto Winter in SeasonAs you can see bitcoin is in a dire situation. There maybe a relief bounce to 33k to close a gap produced on the bearish push down. However I doubt that it will amount to anything, if it were to hold there is a chance for a new bullish cycle to start, but no signs yet. Instead we're developing momentum downward and will start to really grind if we don't get that relief bounce soon. The trend on the daily is a loss of momentum, I'm seeing a 5th wave ending on bitcoins grander cycles meaning the deepest bearish cycles may yet come to be. Maybe it will be a quick gutting, everything crashes at once, and bitcoin goes to unimaginable lows. As the dust settles, it may re-emerge from its ashes and start a new cycle. If not, it could be a slow and painful, complicated recovery or simply an outright death.
Big Picture:
Zoom Zoom:
Previous Analysis:
Elliot Wave Count/Gann Chart:
Immediate Target 33k (if bitcoin has relief bounce)
Next Target 20-22k
Long Term Target 3-13k
If BTC Recovers 80-120k
This is not financial advice.
Keltnerchannel
BTCUSD - Daily Inflection Point, Oh Boy!We're at a crucial spot on the daily. We've rejected numerous times from the 50% retracement of ~68k-~27k, a crucial level to confirm the double top. Some people think a 30k drop is a correction in bitcoin. In reality that is just a little noise compaired to the 90% 5th wave corrections we've seen in the past, you must view bitcoin logarithmically, and the real correction will be much greater, probably to 10k maybe in extreme events, 1k...
4hour:
2hour:
This is not financial advice.
BTCUSD 1 Hour - Slow and Certain Breakdown. 11/13/22Indicators are signaling a breakdown for some time, and now momentum is building, fate has been decided.
20K target was reached from my dec 2021 analysis.
Every target hit this year.
Next up is domino contagion now that everyone has realised the crypto sphere is built on lies.
F
The
X
We have reserves, against 9x liabilities, in order to profit and extract from the market with user funds, while simultaneously getting exposed to financial instruments used to prop up the institutions that is keeping you under control.
Bitcoin was the greatest bait and switch, built by the Seeing Eye Eh?
Instead of granting you freedom it used you to finance the next step to slavery.
I swear to lick the hands that spare me and grant me small comforts after taking everything away by limiting said choices in this game to pathways to nowhere.
You can't win if there is no pathway to success; if there is no free market of ideas; there is only an illusion you can win.
100%
June:
you can see how the same pattern is starting to play out again.
June 4 Hour:
4 Hour Present:
BTCUSD Daily Inflection Point 2Bitcoin has just about hit the last transient zone, 25k area and has consolidated some 2 months.
It didn't quite reach my first target, but it did consolidate in this zone hitting important price levels leaving new targets.
the 10k-5k zone is an ideal area for the next wave to hit and consolidate in, and because we hadn't hit the 15-10k zone yet, bullish moves are unlikely.
the 13k price has been a target of mine for a while, and in recent charts 1k target has also been considered.
For now, all I see is a dip in crypto, we're apparently in a 5th wave correction, I'm hoping for a quick dip instead of a long complicated correction. It would make more sense seeing what the world markets are doing.
1 Hour
4 Hour
1 Day
1 Week
Also Noteably We're under the 1x1 on the Log All Time Gann Chart/Box
If bitcoin can break up in this zone, then long positions will be considered.
This is not finanical advice.
XTZUSDT 1DThe diary gives us a little more insight into just how narrowing the wedge imposed by XTZ is. The price continues to trade near the base of the wedge, between $1,526 and $1,391. The RSI shows the predominance of buyers, so it is difficult for this wedge not to break up.
We are currently at the median of the Keltner Channel, pushing towards the upper line of the channel. In addition, XTZ is far away from the Ichimoku Cloud, which gives us a preview of XTZ's ascent to the cloud. That's what I'll be looking at right now.
XTZ is a coin based on its own “Tezos” blockchain. It is used in the same way that other cryptocurrencies are used on their platforms, but it is also used to make micropayments on the network and to power smart contracts. As an added feature, they can also be used to vote for the future of the project or to let someone else vote for you.
Validating transactions on the Tezos network is called “baking” and is similar to mining Bitcoin, only in Proof-of-Stake mode. For “cooking”, i.e. validating the transaction on the blockchain and securing the network, users are rewarded with XTZ.
Keltner Channels simple but effective profit targetsOur new super simple KC Crypto Profit Targets +/- 2 script (OK we gotta work on the title) works like a charm. The circles show almost exact hits of the price at the 2 ATR (All Time Range) multiplier levels (upper and lower blue bands).
Our script discards the +/- 1 and +/- 3 ATR multipliers for simplicity and conservative profit taking sake.
Note that this is the HOURLY chart for a rather volatile and - let's be honest - irrational period in crypto, in particular ETHEREUM. Even so, we see lots of ideal profit opportunities thanks to this simplified Keltner Channels script. Not bad!
Hope it helps!
SPY To start leg up SPY seems to be showing bullish signals after the correction, Elliot correction wave is over and has finished in a keltner channel squeeze. (With volume dry up as well)
Retrace down to .618 or lower is possible from here before impulse wave starts, heading to Fibonacci extension points.
Bitcoin Buy opportunity, no more downtrend !Bitcoin has become a great long opportunity in recent weeks.
On the weekly chart, there has been a keltner squeeze where the keltner channels are completely inside the Donchian channels, this squeeze is the first bullish sign in this accumulation zone.
The Elliot correction wave has also concluded with a nice C point at the low of this accumulation zone with a very high volume candle. The stochastic has also re-entered after a period of being oversold, another bullish signal.
The Elliot wave concluded within a previous high volume zone and we are now waiting for the impulse wave to start with a strong up move from this area.
BTCUSD 4 Hour Consolidation 2Mo Bitcoin is about to collapse in price, my feelings are either it will quickly dump to 10k or stop at 15k then consolidate between that and 25k. After that it may continue the bearish cycle or start a new bullish leg.
If it were to continue the bearish cycle targets are 1-3k, however if bitcoin can consolidate above 10k and hold then the bull isn't over and 120k is in sight.
4 Hour
Daily
Previous Analysis:
BBBY LONGThe grey trend line seems to well describe last years trend. It is easier to see that on weekly time frame. We could say it works as a support level because every time the price bounces back to a higher level so we can expect this time to happen the same.
At this moment the price is testing lower Keltner Channels band and trying to get above it.
RSI is close to crossing signal line on daily time frame as it already crossed on 4H time frame.
MACD is rising.
ENTRY: 7.24
SL: 6.71
TP: 8.3
BABA LONGKeltner Channel is looking upward which is typically a good set up for long position.
RSI just bounced back from level 50 and is going to cross the signal line again. Hopefully aiming for the overbought zone.
MACD seems to be losing strength but always above the signal line.
Moreover having a look at EMA we can see that 6EMA crossed up 18EMA which crossed up the 50EMA. It could be a hint bullish momentum.
Stochastic and Bollinger bands seem to confirm previous situation.
We put the entry price above yesterdays closing price just to have some margin because of the premarket price which is at 106.6 at the moment while writing.
ENTRY: 107 YELLOW
SL: 100.73 RED
TP: 119.5 GREEN
BTCUSD BULLISH ASF Daily 5/11/22Now pay close attention, did you catch it? It's not that difficult to see. Look closer.
We're right at the breaking point. On the edge, so is it time? Oh it's time!
Previous Analysis:
Daily
1 Hour
15 Minute
So the 1 Hour is right near an inflection point, either it will breakout here and do some serious bearish action; or it'll reverse.
The problem with the reversal on the 1 hour is the 15 minute looks like its ready to dump some more, meaning price will push over the edge of the 1 hour and the reversal zone on the daily will break and push to significantly lower lows.
There maybe another buying opportunity coming this month, but this one might be a selling opportunity provided the 15 minute continues to breakdown and release the 1 hour.
This is not financial advice.
Good Luck.
STT LONGAs we can see in this graph, STT stock seems to be following a bearish pattern (orange lines). It just hit the and bounced on the bottom line, so we can take advantage of the movement with a long position. Starting from the bottom, in green we highlighted 3 signals:
-STOCHASTIC: even if it still is in the oversold area, we can see that the signal line has just been crossed upward;
-RSI just crossed the signal line and left the oversold area, giving us a pretty strong long signal;
-KELTNER CHANNEL: as we can see, the price rose above KC's bottom line giving us another buy signal.
Even MACD encourages us to go long because it is gaining bullish strength and it is close to crossing the signal line.
Fundamentals;
Earning were released just two weeks ago with better results than expected.
LONG
OPEN: 70.81
SL: 68.59
TP: 76.36
We could also aim higher than TP, until top orange line.
MGY long positionWe are expecting the price to continue the uptrend and retrace to the 78.6% Fib Zone. The Stochastic Oscillator shows the stock is oversold, which indicates a probable pull back to the upside. Also, the price is currently at the lower part of the Keltner Channel, therefore we are expecting it to bounce back and create a higher high.
Entry: 24
Invalidation: 22.92
Target: 26.99
SONY LONG SETUPWe're expecting the price to bounce back. Right now, on daily timeframe we can see it is lower than Keltner Channel's bottom and that RSI just entered in the overbought zone and that means the price could start to rise again soon. If today's entry level won't be hit we will simply move entry price (pink) SL (red) and TP (green) to a lower level.
Pfizer, Ing. Bull FlagWhat we can see on the chart is a bull flag. We expect the price to breakout of the bull flag in the upcoming days.
We recommend taking a long position when the price breaks out of the bull flag with the high volume.
Targets like in the chart:
take profit: 58.08
final target: 61.42
RSI confirms bullish momentum.
IOSTUSD WILL GO UP We recommend to take a long position
The price is currently at the higher boundary of Keltner Channel . We´re expecting the price to retest the support on 4 h timeframe . The current market conditions are favouring bulls and we expect it to bounce towards the resistance.
Entry and target are shown in the chart.
No financial advice.
Bitcoin One HourAnother gap to fill
Short Term Target 48k
Next Target 54k
Long Term Target 20k
Need to break ATH before considering bullish option, short term trades are better for now.
Bullish outlook next 6 weeks to 54-64k
If we stay under ATH for more than another quarter, then bulls have failed and 20k is probable.
Need to check wave counts.
Bitcoin Two HourLooks like bitcoin wants to head lower before hitting 54k maybe its a good thing, a move a little lower has a good chance to reverse and go to 64k.
Been watching a few possible wave structures play out. I'll make a post tonight with a detailed EW count.
Thanks... also can't post links or talk in chat yet... need some likes.
BTCUSD 2 Hour SetupsUsing the keltner channel and the weekly chart for support levels/breakdowns. Currently at an inflection point on the 2 hour. A breakdown or trend reversal is probable in this zone. I use the KCO Keltner channel oscillator to identify trend changes, in this case on the 2 hour. I draw straight traditional support lines on the KCO that are curved along the 21 ema, this helps show when price is changing momentum. You get some similar patterns on the KCO as you would on the price/time chart and when combined with the break across the ema provide powerful signals for large price swings.
Momentum consolidates and price volatility drops, leading to "pressure" building that erupts in a sudden change in price. Could be bullish, could be bearish. A bullish move on the 2 hour could take us to 53k. While the bearish outlook has much lower targets. 53k would be ideal to take profit and wait to see if bitcoin is really bullish, or just bouncing from the big bearish drop.
This is not financial advice.
30M Breakdown BTCUSD Crucial Close in the Rotation Zone.30M
Previous Analysis
So here we are, the 30 minute breakdown isn't a big factor but the close in 3 hours on the daily is. The 30 minute breakdown here could send the price back below the TZ and depending on where will decide if we go sideways or breakdown.
A daily close above the TZ is super bullish. IE above ATH.
The weekly and daily are in bullish territory, but all tops are.
So this may be the beginning of a double top.
We will see if we get a breakdown with a lot of follow through.
If we can hold price in between the TZ's then all bets are off as this could break either direction.
This is not financial advice.
Bitcoin at resistance on the gold gann chart.