BTCUSD CHANGING TREND
ZEYAN here!!!!
I'm looking at the market as a bull, and as far as I can tell, it's more bullish than bearish in the medium term.
im bullish on bitcoin and i see its changing the trend ill be buying retracements
the month of april is bullish for bitcoin and its confirming the uptrend by how its behaving rightnow
This is the end result of my analysis; I analyse the market using a very unique method for trend and entry; please do not take this information at face value; conduct your own research.
If you want me to analyse your charts, please let me know in the comments.
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Rallyup
Bitcoin rally signal to 43,000~45,000 on weekly 0.3 Genesis FibBitcoin just shifted the weekly chart into positive as seen on the Momentum Oscillator indicator. It is the first time since the several months of bear market we have experienced that Bitcoin finally confirms consolidation at the 0.5 Fib
Yesterday, BTC had an much easier win for the 41,3 resistance than expected. Momentum is on the side of the bulls as it will take a either a major world event or an almost impossible effort from the bears to shift this back into sub 40,000 price mark.
Without a doubt, if Bitcoin breaks through the upcoming resistance at 0.3 genesis Fib, respectively ~43,600 price mark, BTC will be shooting towards 45,000 without much resistance. At 45,000 it is highly possible that retail market will gain confidence into bulls, and with that confidence, Bitcoin will push above the ~50,000 price mark.
However, bulls should pay attention for the strong resistance at the 0.2 genesis Fib.
Definitely a long signal here, shorts should be closed or extremely closely monitored.
Possible Bullish run for Christmas Hey guys, Given the strength in the market yesterday at the end buying up strong we could be seeing a rejection off a new support line. I think this consolidation pattern is now in play and with the 50 EMA acting following the support line I don't think Powell will say anything that will cause the market to fall past this point with sentiment already being this bad but still I'm not going to bet until I have a follow up confirmation. This could be the start of the Christmas rally if so best bet is to buy into Silver/gold or currencies against the USD as people deploy their cash. It should rebound till resistance just short of a 7% gain by sometime in Jan and hopefully RSI comes back to the down trend line, if so that would be a great short opportunity as Fed might have to raise rates early. I'm going to do some follow up charts explaining this as it happens so please follow to keep up to date.
Just to clarify I do still think we are in a Bubble that will pop sometime early next year and with all the high growth smaller tech already going bust (Snap, TWTR, DOCU, PTON, Zillow, etc) being very similar as the 2000s crash. But this wont happen until the fed starts raising rates and they wont admit it until they dont have choice.
BTC UPDATEPreviously BTC broke downside our strong structure and followed our 2nd scenario exactly (previous chart linked), this shakeout happens in order to liquidate late and overleveraged longers.
Present Condition:
AS mentioned on chart BTC has again entered a local confluence area(factors mention on chart).
A successful rebound from this area can easily get us to the target area mentioned, whereas downside breakout will lead to another retest of lower levels for liquidity garb and long liquidations before next leg up.
Gold Rally to 2,130Gold is in its' last wave up (Wave 5) and specifically in wave 3 of 5 (the strongest impulsive wave), it is now on its' trendline which has been intact since March 2020 and is a sub trendline of the bigger uptrend that has been intact for 4 years now. Moreover, gold is now on the 61.8% Fibo level which supports the scenario of gold going up.
Targets are calculated based on Fibonacci extensions and gold is expected to extend to new all time highs. A safe target would be 2,045 however it is expected to break the previous ATH and reach the following targets:
2,130 ---> 2,180 ---> 2,300
A proper stop loss would be below the 1,756 level to protect the trade from whipsaws and it is recommended to move SL to breakeven right after the breaking of the 1,960 level.
BETAUSDT Convergence in on chart could be seenWe do have a convergence on the hourly chart of the BETA/USDT pair which means most likely we are going to go up soon. We also broke the trend line which is also a signal of a potential 22% rally. The take profit is at 3.0. Stop-loss is at 2.37.
This is not financial advice
$4T Total Cap Will Be A Huge Red Pill | #BTC #Crypto @CryptoObiHello Padawans,
I predict BITCOIN will be a 6digit valued asset at the end of 2021,
According to the total market capitalisation, it will be able to reach the $4T level as soon as the bulls return.
BTC.D will be above 50% at that time.
Let's see,
this is a small review, do not take this as a financial advice.
May the force be with you.
AVAX Rally start soon Avax, after an intense euphoric rally, made a correction in the fibonacci of 61.8% of the weekly, after its correction over the known fibo buying reaction, upward divergence in the RSI in H4, soon we can observe a reversal figure as shoulder head shoulder inverted, a good opportunity to be looked at, taken care of and good luck!
Daily EURUSD BUY to 1.24000 (Before 2021 drop)EURUSD small drop this week (short) between 1.21100/1.20400, then massive rally Up to (1.24000/1.24600).
This will be last move of EURUSD before 2021 arrives and starts dropping.
Previous analysis and some Index information lead me to believe that EUR will still go up against dollar this last month before the end of 2021.
Feel free to share the analysis.
Good luck traders!
BTC/USD - Isn't it a false breakout?Hello Traders!
It's been a crazy end of the week for BTC. After weeks of waiting, we have finally seen what appears to be a decisive breakout for BTC. This is a breakout from the symmetrical triangle. The breakout which has occurred is bullish. The symmetrical triangle had been since mid-August. Yet, isn't it the false breakout?
Below you can see the long term BTC EWs. Looking at this chart BTC looks set to make its move towards $12,000 USD. A bearish scenario looks highly unlikely, this is due to the underlying support for BTC.
From this chart, the price prediction for December is $14,000 USD.
Watch out for the market and good luck!
P.S. Please comment on my setup and share your thoughts
Apple find support after Stock SplitSince the Pandemic stock market fall in March, Apple has been on a steady bullish trend and had a sudden rise just before it's planned Stock Split on 09/04/2020.
After the split, AAPL has had a correction dropping down for several days, but it seems like it has finally found the support line it has been riding since March.
Target Prediction: $130 before the next Earning Report on Oct 30th, 2020
Note: Since the split, Apple has become the stock with the most volume trading in the last week, with almost as twice the volume as GE or F, which had been two of the most consistent stock with highest trading volume.