Lines
Apple, long to new accumulation zone 216 - 220.Ok, today i will analize Apple on Nasdaq. There is strong upper trend after big sells under 199. This position is confirmed by volumetric analysis using x-volume indicator. Like show x-lines on day timeframe there is strong level 209. And i think be better to sell some part of long position there. Next we have accumulation zone 216-220 which is represented whith 3 strong levels. And i think in medium term price will go up to this zone. So its clear long)
Levels thanks to X-lines indicator.
ATOM, strong short to base price.So, what we see there ... new crypto on Kraken. So young, exactly we have only one interesting price on x-lines indicator. Seller do first money on none proffesional buyers. Price will go down and stop only we find better price for big volue purcheses. Like you can see there is some volume in the past after wich price still go down so it was sellers.
Strong short to strong volumes.
XBTUSD, long becouse there is too much bears on the market.I think market will go up. X-Volume shows to much bears on the market. Every long candle very easy selling. Bulls close theire positions with small volume. They are ready to redeem all sellers, they save up cash for this. Bulls target: 5230.
BTC levels LONG term outlooksCrypto WILL be continuing this bear market until one of these scenarios are realized:
Still looking for violent form of capitulation over the next couple of months. The clean air area was never retested on the way up since BTC broke from accumulation into bull market. This makes it a likely area for an ultimate low as it is close to the top of the previous market cycle of 2013-2015. Volume ideally would be comparable to the market cycle top, the bounce reaction would take less then a week to move some 30-40% similar to Feb 5th as an example where it was only at the bottom for 2-4 hours (Not 2-4 days).
The other form, would be long slow sideways chop as it got moved down to the 3k area then chopped up to the 4k area and back down over and over again for a few years(2k-3k or 2k-4k hard to give exact ranges). Not many people would be prepared to deal with this type. As capitulation is cause by financial pain for the people whom are reliant on their coins price for living. Market will constantly trap the traders high and low, and the Hodlers will give up.
Once the last bull has left, the new cycle begins!
Adjusted some levels, added some capitulation wick levels for those whom saw my last post in Jan.
I drew some COLORFUL LINESWho knows if these lines actually signify anything but lets be honest my predictions are probably just as accurate as the top analysts... and mine are more fun. BIG BOOM COMING! I saw a dude in star bucks wearing a blockchain shirt. That combined with the fact that my lines come together and make a point is a sure sign we finna make some DOLLAS!
Big invest guys.
BTC Fortune CookieA chart I drew on Aug 18th that seems to be playing out in the short term. This is just for shits and gigs, obviously there are many ways in which this can play out long term. The timing of the arrows are almost guaranteed to not work out, even if the idea is close to accurate in the long run. I was attempting to draw both a best case and worse case scenario, where in BTC 3.15% would either moon or crash as fast as possible, while still being somewhat realistic.
zoomed out:
Where to buy Bitcoin? There was a volume accumulation area right before a strong buying activity on Bitcoin. I think that a lot of buying positions were accumulated there because of the bullish activity that came after the accumulation. Now i wait for this small long correction up. I think this is a pretty solid level to go long from because of all the reasons mentioned above.
My scope for the weekJust a quick in-between chart: these are the trend lines I'll be watching over the next few days. The top red, green and blue trend lines are drawn from the past peaks over a long timeframe, to gray bottom line is the long term support line.
So, key things to watch: will value drop down again, and if so, will this go up to or down beyond the gray support line. And vice versa, will we break through one of the top support lines? If we don't and price falls back down we're only postponing the triangle breakout (up or down) a couple of days later. If we do break through one of the top resistance lines, most likely price will drop back to this line as resistance becomes support, and after that we move further up.
Just a little reminder: Elliot subwave 3 is the most impulsive, i.e. strongest wave up, so this is it typically the wave that pierces a prior resistance. Keep this in mind when drawing your wavecounts!