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[Bitcoin] Possible scenarios in future#Bitcoin #Daily #ElliottWave #Scenario #Tommy - These are some of many scenarios that I am personally considering from the Elliott Wave Theory perspective. Numerous technical factors that are observed frequently especially in recent financial market such as widening patterns, stop hunting price action, parallel channels, and master patterns have been taken into account. Let's take a look at each one. - Let’s start with A, my most bearish scenario. This is a wave counting where the whole bullish wave from $32.9K low formed in January, is regarded as a big dead-cat bounce, expecting another bearish wave cycle. I interpreted the sideway structure that came out after January as a green wave B within the 5-3-5 ABC correction. If we see another bullish trend breaking top of the black channel above, possible target prices for wave B are $53.6k~$54.8k and $57.2k~$58.4k. In a bigger picture, red wave C can be targeted at $22.3k~$23.6k and $17.8K~$19.5K which can also be considered as possible resistances. This scenario becomes more likely if bottoms of the black and green channel fail supporting. - Scenario B is my bullish counting that assumes $32.9K low as the end of the corrective wave cycle and regarding the bullish wave after as an impulsive. It seems that support of the red upward trend line is currently being tested and if successfully supported, we cannot exclude the Leading Diagonal wave 1 scenario. If it fails supporting and cause more bearish momentum, I would say $37.8K~$39.5K is a significant zone which is a confluent zone of the black channel bottom and HVP(High volume peak) level. This scenario is to be ignored if Bitcoin makes a swing low, breaking $32.9K and forming LL(Lower Low). If somehow Bitcoin becomes very bullish making a higher high, the target prices for the impulsive wave can be deducted as $72.5k-$74.0k and $77.5k-$79.0k. - The following two scenarios have considered wave structure above $28K as 3-3-5 Flat Correction. Scenario C has taken widening or broadening patterns into account which are commonly observed these days. Considering 3-3-5 Expanded Flat correction, this scenario expects to break the $28.9K bottom, making a V-shaped price action at the stop-hunting level and the bottom of the disjoint channel. If the $53.6k~$54.8k resistance fails rejection, this wave counting becomes invalid. The green wave 5 or red wave C can be targeted at $22.3k~$23.6k and $17.8k~$19.5k below. - Scenario D is similar to C, but has a shorter green wave 5, meaning Truncated wave 5 or C is expected. This very case interprets the wave structure as a running flat corrective and expects to not break the bottom of the black or green channel below. $37.8K~$39.5K would be a decent target range. If bottom of the upward channels fails supporting, $29.1k~$30.8k which is the bottom of the smaller widening pattern formed after $32.9k, can also be considered as a short-term support zone. - (Summary) The most imminent point to pay attention currently is to confirm whether the red bullish trend line can successfully support. The next support levels to keep our eyes on are around the bottom of the black and green channels. However, if this zone breaks, I would become very bearish expecting price to drop and reach $28.9k which is a very important LVP(Low Volume Peak) pivot level. If the market becomes worse making another huge drop, the area where the lower widening pattern and the stop-hunting level overlap around $22.3k~$23.6k and $17.8k~$19.5k, would be one of the most attractive buy zones. If additional bullish rallies are observed, the resistances to consider in between are $53.6k~$54.8k and $57.2k~$58.4k. Lastly, in a much bigger picture, if Bitcoin successfully swings high making a new historical high, I would say $72.5k~$74.0k and $77.5k~$79.0k are areas to expect some rejections.
by Tommy_Trader
1
AMAZON (AMZN) TA SCENARIO IDEASo I did a technical analysis on NASDAQ:AMZN and here is my idea/point: Bearish: (not perfect) hammer candle followed by a bearish confirmation Stock in a clear downtrend Ema not showing any trend reversal sign or upwards correction ( no crossing movement) AMZN broke a strong support level Bullish: RSI showing a very Strong Support, so Price may bounce off ( MAY ), we need confirmation in the following Week/Days, I'll update the idea For me, the stock is showing a lack of bullish signs and is therefore bullish, BUT wee still need confirmation on the RSI support Bounce-off/breaktrough. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ If you enjoyed this post and agree with me, a like and a sub would be very nice : ) Stay updated for more content Have a nice Day : ) Bye! ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
NASDAQ:AMZNShort
by xtekky
4
What be nextThe stock continues to decline along with the market. I expect further decline down to 200MA. The former resistance level is also located there. We will reach this target within a week. Then the RSI will just reach the zone where the reversal usually takes place. Then the buyback up for closing of the GAPs. Then we should look at the reports and the market as a whole. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Stock trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.
NASDAQ:TSLA
by QuantumLabSignals
BTC/USDT POSSIBLE SCENARIOHello Tradingview community and members. I Am sharing my idea/opinion if you enjoy the analysis make sure to give a like and let me know your thoughts. BTC has been consolidating for the last 10 weeks, bearish trends start to show up more and more. We could not hold the 41k-38k price range, we broke down and are now heading towards 32k, close to last resort. A fake out is an optimistic take but could potentially play out. After breaking 32k we have our crucial support at 29.7k this is our last chance at heading in an optimistic direction. If we would manage to hold 29.7k and return going to the upside, we still have a long way to become bullish again. In my opinion we have to cross the 3 blue lines you see in the chart above (40.5k) to truly become bullish again. It's not looking great but in these condition we find the best opportunities. I think institutional investors have been waiting for a buying opportunity like we are seeing right now. We have already seen huge buying volumes in the last couple of days, only time will tell. my prediction: In the short term I think the price will go sideways for a while between 38k-32k, we will eventually retest 29.7k for the third time. After retesting we will see a price surge towards the 40k zone, retest 35k and go up from there. Keep in mind this is just one of the scenarios that could play out. What makes us stand out? - Day Trading - Accumulation Trading - Bonus Package (nft's, low cap altcoins, ...) - Roadmap - Long and Short Term Disclaimer: This is not financial advice, we are sharing our vision and thoughts.
by omeninvest
BTC UPDATE#BTC Update What's new since the last BTC update? Trading volume over the weekend was below average and we have been trading in a range that has a high of $43800 and a low of $42300. BTC's daily outlook remains positive with no clear signs of reversal. The sector chart shows nothing exceptional and as said before, without institutional volume we could possibly stay in an slightly ascending channel for a while. Early(Europe) day analysis on Mondays can't really take into account what is happening on the stock market as the main trading floors in the US that influence BTC have not yet opened therefore we might see the price picking a direction starting at 2:30PM UTC-5 (usually 10 mins after the opening we get good volume). Keep in mind that almost all of the time, the direction of the opening orders dictate the direction for the whole trading day. Our expectation: Case 1 - Price will break the current sector, go to the 45900 level then retrace, leaving us the space to long and short , however the risk reward ratio isnt insane so we advise using low risk if you decide to go for such a trade. Case 2 Low institutional volume might lead the retails to try to buy on their own with low volume that would probably get stuck in the descending trendline marked with white. Can there be a local bearish scenario? Absolutely! BTC price has been messing with traders lately, plotting smaller higher highs and then dropping massively in 2 -3 4h candles, and we can see this trend getting stronger lately. We are now sitting at the 0.236 fib level support, a bit lower we have a trendline that has kept us in the long run but that allows for some bleeding to go through. We do have some higher lows but as stated before that doesn't mean that we're going to the moon. We can become bearish if we flip the 40k level to resistance, that would mean a lot of things for the whole market in general but the discution is too broad for now.
by SublimeTraders
Wish has been sold & they lived happily ever afterMy latest conviction is that wish has been sold maybe before it even did an IPO. Here's the game plan 1. VC's that have been to WISH (close to 10 years) needed to do an IPO so they would cash out their position and return the money to the funds, since there is a policy to close the fund 10 years after inception. (pitchbook.com) wish fund series (app.dealroom.co) 2. Because they had a very big position they had to find someone to buy their stake ASAP so they did the reddit/short mania thing that we witnessed on June. Peter Thiel's fund was the one that sold everything and if i am not mistaken 100m shares. 3. Then retail jumped in and they burned everyone's options to the ground month after month, at the same time time institutionals start loading more and more. I will wait for the latest report to see how much they have accumulated so far, if they have added a significant amount of shares i will triple down my position no matter the price. 4. Insiders selling mostly due to tax reasons, the few that are aware there is a buyout thoeretically should not sell any more in 2022 besides for tax purposes 5. If there is a buyout from a big company they would probably want their guys to start running the company well before the deal will be announced, that's why all C-level executives & board members have been resigned 6. Now the tricky thing is when it will be announced... i suspect 2-4Qs from now, if you can recall last year the company said that the results of the new strategy will be visible only after Q2 of 2022. Guess what? this is when the company will show signs of a turnaround and the next 2Qs till the end of the year will be outstanding. Therefore the company will have proved in a way that things are working ( so for the buyer to justify their purchase to their shareholders) 7. Price? if we take for granted that wish will be doing around $2b next year and at the same time shows signs of a turnaround i would expect a) low range 4-6 x sales = $12.43-$18.65 b) medium range 6-8 x sales = $18.65 - $24.87 c) high range 8-10 x sales = $24.85 - $31.09 (close to ATH and where Jackie makes all the $$$$$$) 8. Retail i suspect has an average of $8-10 like myself.. retail is the big looser here a)options expire out of the money week after week b)a lot of forced liquidations due to margin calls (spacs, retail ipos are all down) c) scared themselves and sold with a >50% loss d) the "bagholders" left the ones that gave up and waiting for the "miracle" will probably sell around their average price or even lower especially in the case there is a 100% rally in a matter of a week. I suspect the price in the next 6 months will be in a $4-6 range and after the summer to be around $8-10 and this is where all retail will be gone. e)the 5-10% of the retail traders will probably HODL till the end. * A fairy tale by GPAP90 **The above scenario is imaginary *** Do your own research, this is not a financial advice! Look First/ Then Leap
WLong
by Philoslother
8
BTC trend reversal, BTC scenario I'm expectingI expect BTC sideways action between 39.5-53K ranges by 2022 March. Then I expect BTC rally. At this very moment I'm watching the scenario I posted in this chart. I think BTC has bottomed at 39.5K/maybe, but less likely one more touch to that point/. As you see, Double bottom pattern is a reversal pattern. And BTC did it when dumped to 39.5K on on January 10th 2022. It was September low and our double bottom. In coming days I expect Mini double pattern plays out and causes to falling wedge breakout with retest. The blue line shows the path I think BTC will follow. What about coming death cross, I think it will be fake out. MACD bullish cross with the pump is coming))))
Long
by ergal91
Has BTC bottomed at 39.5K? Welcome to this analysis about BTC . We are looking at the daily timeframe perspective, the recent events, the established daily falling wedge and some indicators. BTC hit my last and main support at 39.5K September low and made double bottom and rejected at support area with strong buying pressure. It is obvious there is a huge buying demand AT 39.5-40k level. At the same time BTC created a daily huge falling wedge and need to break it up to stay bullish and continue its upward movement. It has to hold 39.5K keeping bullish perspectives. If we lose this level and close weekly candle below 39.5K, more likely we are in a bear market and BTC topped at 69K and we'll see sharp and quick dump to 30K then 20K. But if we see strong bounce from this region to 46K then 52K and close weekly candle above 21, 34 weekly EMA and 50 weekly MA . The mentioned scenario will increase probability to make new ATH and more likely BTC enters to super cycle and we'll see 100K + by 2022. At this moment BTC is in a critical point and is consolidating at the main horizontal support at the lower band of Keltner channels which is not a good sign. BTW daily RSR is an oversold territory and MACD is in a bearish cross which is sign of losing momentum but at the same time we noticed stochastic bullish cross above 20 that could change our momentum to the upside. Another bullish and bearish signs, scenarios we'll discuss at the weekly timeframe a little bit later where I would explain why I think if BTC loses 39.5K level we are in a bear market. Thanks for your reading.
Long
by ergal91
GBPJPY SCENARIOAnalyzing the 1D and 4H charts, I will continue shorting. Yesterday my sale from 156.020 has fallen to the level of 154.9xx making a movement of 112 pips, if you have followed the analysis it is smart that you have put the SL in the entry price since a movement of 112 pips is a very considerate descent. We are in an important selling area in which we have to be very vigilant as we approach the 158.2xx level, the previous high of October. If the price exceeds this level, we can aim to buy close to160.2xx level, but in case that the price rebounds in the current zone, we will continue to sell up to the levels established in the previous long-term analysis. IMPORTANT INFORMATION TO CONSIDER: Last month, GBP interest rate has been raised during the month of December, which means that there is a high probability that we will break the 158.2xx level and go aim for 160.2xx level. On the other side, from my point of view, the price increase due to the interest increase is comig to an end soon and with the increase in COVID cases in England it can affect the price considerably. Another highlight is that the Japanese Yen has been bearish for some time and it is very likely that we will soon see a recovery which means the decline of the GBP / JPY. How am I going to operate it: I will make another sale with an SL above 158.2xx (Applying risk management, I adjust the lot according to my capital), and in case the price touches my SL I will wait for a re-entry for the purchase with the aim of reaching 160.2xx . Since this pair is very volatile, I will be vigilant as the price can go directly to 160.2xx without making any retracement and I would wait for another opportunity to enter the market. The divergence is still valid on the 4H chart, therefore we can add the 153.7xx level as our first target. This objective will be invalidated if the curve of the AO indicator exceeds the yellow line I have drawn over the indicator. I accept any additional information or comments regarding my analysis.
by MrSuav3
BTC General LOOK and Road in my opinion I would love to hear other elliotticions opinion on this scenario. So for now we are almost reaching the end of wave 4 wich was the longest wave of them all , wave 4 is usually the most longest wave . As we seen it broke the 0.3 fib level so i expect to reach 0.5 wave 4 maximum fib level wich is 53700 . after we complete wave 4 we will dump to the last wave 5 that will make an A wave .... After this we will have an impulse wave B wich will take us ussualy to .618 fib level wich is 56500 , after this B wave is completed we will have a last wave C that will take us to 25k . Thank you watching my chart !
by RagNar87ro
ETH Bullish And Bearish Scenario - ETH In The Gray Area Eth is at really hard place right now. As with BTC its market cap chart has already extended aver all major fibonacci extension levels (will show the chart later in the update of this idea). While i am confident that BTC has entered a bear market, i am a little less with ETH. Imo there are two scenarios for eth, one is bullish , the other one is bearish . Whatever scenario first happens i think in both the price will likely pump a bit to retest a previous capitulation point (blue area). After that we should fall with BTC . If ETH is able to find support in the yellow area we should be able to eventually set a new ath , but not go above 6k as eth is very overvalued as it is with BTC . If we don't hold and fall in to the orange area or even set a new low, you can be quite shore that also eth has entered a bear market and the money will flow from BTC and eth into the rest of the alts as they are going into a ABC retracement. Again with BTC a am shore we are done, but not so much with eth as we need more information of the price in the near future. BINANCE:ETHUSDT
by AVA37
2
Bullish view on ICP/USDT Hi all What is my view on ICP/USDT ? ICP shows a positive price development. both buyers and sellers have been tricked at one time (including me). Later I saw a logical liquidity grab from a lower zone. Since then, the price has gone up again so I expect a breakout soon. Before I get in I wait for a breakout+retest or a drop to .618/.71 fib level Negative scenario It's possible that the consolidation continues or that there are traps again. That's why I am waiting for further development of the price. Be patient! Always do your own research.
Long
by Crim_Jamer
13
Two scenarios for AustraliaAccording to Fundamental News, there are two scenarios for the Australian dollar against the US dollar. With the release of US unemployment data, the value of the dollar plummeted, and the devaluation of the dollar caused an upward trend in other currency pairs, where the US dollar was on the right. Mr. Powell will begin his speech in a few minutes, which he says will either cause the dollar to depreciate further or the dollar to return to its uptrend. Given this, two scenarios can be considered for the Australian dollar: Scenario 1: The dollar will fall and the price chart will return to 0.726 and even higher by breaking the resistance. Scenario 2: The dollar rises and the price chart returns to its previous level of 0.7172
by mohamadrezaKhorsand