1/ATOMUSDT What do you think will happen next? 🚀Hello, dear charts reader!
Stargate v0.4.0 is live! Interoperability is around the corner. And if you still don't get what it is all about then you should know that this is similar to what people experienced like when TCP/IP was demo'd. AMM, Interchain wallets... The more transactions are being made on the network the more fees are being collected. When fee volume is going up it is usually a very positive sign and will very likely cause a higher demand of the token. Why dealing with gas fee? L1 + L2 POS infra out there and can be used at either layers.
Open-source software for launching blockchains
Applications can be written in any language
Allows communication with other blockchains
The future is here!
Sequential
Ethereum extrapolation on CosmosHello, investor!
This is my ETH 2017 extrapolation on ATOM 2021. How ATOM's pump would look like, if it is Ethereum of today, so to speak. The idea for extrapolation came to my mind when I noticed similarity in volumes and time frames then and now. Bear in mind, there's only 4 months left to reach $200-$300 if I'm right.
$TSLA Trees Don't Grow to the SkyHi Everyone,
I am back with a bearish outlook on $TSLA.
Looking at large timeframes, we are possibly hitting exhaustion points
Monthly C21
Weekly S21
Since higher timeframes are pretty significant we should favor a bearish scenario for the incoming week(s).
For now, no bearish targets, it is too early but trading ideas should show up next week.
Take into account that the S21 exhaustion point is based on HL termination settings.
By changing this setting to open termination, the count is still on a bar 19.
However, I favor HL termination for now with 2 converging elements:
This weekly close could end as a Doji.
Daily Supply Line (orange Line) target is reached (check the previous idea for more details)
Cheers,
MATHR3E
BTCUSD: Dec 2020 UPDATEHello, wonderful person!
I hear people talk about uncertainty here and there, but my indicators looks pretty confident. Yes, we have a red 9 setup and 13 countdown on the monthly, which is a rare sign of a pullback and since we are in the middle of an uptrend we have two options here:
1) Dec 2020 pullback to $12100-$15120
2) Jan 2021 pullback to $12100-$15120
and the only uncertainty/questions here is which price is the best to short and how fast the pullback is going to strike back to the upside. I don't know, what I can tell you is most likely to happen somewhere between Dec 21 2020 on a 3 weeks range. Anyway, this is not a financial advice it's just what my indicators told me.
Best regards!
BITCOIN BEARISH SETUP! Will the bulls prove themselfs?Hey there,
Please follow me and like the post!
Comment below! Will we break??
Bitcoin currently has a 9 sell on the hourly according to the TI Indicator sequential.
Resistance levels also lie ahead.
18000 clearly strong resistance and upper 17000s also hard to break.
Bulls need to prove themselfs for now.
This of course is only a minor correction befor strong continuation mid term.
Cheers,
Konrad
$TSLA S34 likely tomorrowThe S34 opening sell signal is likely to show up tomorrow at the open.
Look for a daily open above 436.56 to get a confirmation.
The intraday entry will not be easy to spot with high volatility expected.
Supply Line (level8) will also generate a breakout signal that will have to be invalidated on Wednesday’s close to confirming the sell signal.
Hence it is probably better to wait for Wednesday’s close to increase the odds of success.
No guarantee this S34 exhaustion point will reverse the trend.
Wave B could also shift to the right tomorrow.
Stay cautious
Cheers!
MATHR3E
$DXY Flat before #ElectionDay$DXY is looking it wants to bottom.
These are the elements in favors of bulls:
A recent bullish divergence on the RSI indicator.
The RSI has found support on 40 level
The RSI divergence perfectly matches the end of a bearish Wave5
The Bullish Wave 2 has been triggered and marked a low signaled by S34 and A55 exhaustion points
However, there are still some things in favors of bears:
The bearish countdown which started on SU9 (Aug 6) is not over (bar 7/13)
To complete this countdown, $DXY needs to close back near the bearish Wave 3 target (@92)
A potential bearish wave 2 is also in progress
TDST Resistance has not been breached yet
To get a clear direction, we will probably have to wait for the results of the elections.
IF $DXY closes above @94.5 a bullish wave 3 should be favored with a first target near @96
Otherwise, a further decline remains likely, with a bearish wave 3 target near @92
$DJX Daily TOP #Dow$DJX may be on the verge of a major decline.
Many signals points into that direction:
- S13 exhaustion point recorded today (October 6th)
- Daily Price Flip
- Daily close near Demand Line
- Wave B recently triggered after a recent advance of 5 upwaves
- RSI lagging near neutral zone
From this observation, 3 different scenarios can be drawn:
1. Moderate Bear
Wave C ends near 240/250 before resuming a new uptrend
2. Strong Bear
There is a larger picture where the decline generated by Covid19 could actually be a bearish wave 1.
The top of the bullish wave 5 is also the top of a potential wave 2.
In this case, we can also expect to see the dramatic decline associated with a wave 3 with a main target around 120
3. Continuation of the bullish trend
For this post, the TDX indicator has been configured with a low countdown precision.
With higher accuracy settings, the exhaustion point S13 could be postponed and recorded later (at least above 285)
Best!
MATHR3E
$BTC Wave 4 triggered combined with SU9$BTC bounced back stronger than I expected.
It actually reached the 61.8% Fib retrace of bearish Wave 3
Now Wave 4 (bearish scenario) has been triggered and a Sell SU9 has been recorded
Wave 5 may have started with the recent price flip.
If wave 5 is properly underway, the most optimistic target is between 9,000 and 9,800 USD.
This could coincide with a trip back to the last drawn support and for the REI indicator to print a buy signal near -40.
Cautious point:
- For Bears:
The bearish wave 5 is not guaranteed.
A continuation of the upward trend cannot be excluded in the short term with a bullish countdown in progress.
The bearish wave count can be canceled if $BTC closes back above 12,300USD.
- For Bulls:
As wave 4 retraced 61.8% from wave 3 bearish, a more pessimistic scenario could be drawn where wave 4 could in fact be a sub-wave 2 of a larger bearish move.
In this case, prices of $ 7,600 are to be expected (most optimistic).
This would imply that wave 2 (bullish scenario) be pierced and consequently the cancellation of the bullish scenario
Best!
MATHR3E
$TSLA working on a B wave#Tesla potentially reached the end of its bullish 5 wave on September 1.
The first bearish leg could indicate a retracement of wave A and the current upward movement is a wave B.
The price is currently reaching a first zone of resistance (between 50% and 61.8% retracement of Wave A).
This zone also coincides with:
- The triggering of wave B (and 2 of the bear scenario).
- The REI indicator overbought in a bearish context
- A Daily S21 exhaustion point (2020/09/14)
A second zone of resistance is at the TDST line around USD 780 on the 4H chart, which would match an 85.4% retracement of wave A.
Looking for a Sell setup below this TDST resistance line can be an interesting short opportunity.
Should $TSLA close above $500USD, we could see an extension of wave 5 and the cancellation of the current waves A and B.
Best!
MATHR3E
$BTC bearish Wave 3 main target reached$BTC has just reached a potential Bearish Wave 3 Target.
Now Wave 4 (bearish scenario) can begin and reach a price target between 10.400 and 10.700 USD (max 11K USD)
Once wave 4 is over, a bearish wave 5 is expected.
The most optimistic scenario is that:
- Wave 4 retraces 38.2%
- Wave 5 Fib projection doesn't exceed 100% of Wave 3 amplitude.
In this case, there is still a chance to complete wave 5 of the bullish scenario.
In case Wave 5 is stronger or wave 3 is still in progress, the bullish scenario would be invalidated.
The RSI has already broken its neutral zone, so bears are quite strong at the moment.
Best!
MATHR3E
BTC Support is not "degrading" Very simple. TD sequential 9 indicates downtrend exhaustion.
BTC could still break bellow this level which would bring it to previous support, this would prove wrong the theory that bitcoin is repeating its price movement when it was between 9k and 10k. Watch for the 11150 level if you hold altcoins.
don't focus so much on the short term. relax! ;)
$BTC daily exhaustion point$BTC is showing signs of weakness today:
- Rising wedge breakdown
- RSI Oscillator divergence
- REI Oscillator Weakness
- Sequential 13 Exhaustion point
Positive signs:
Elliott Wave indicator is showing we are likely in a Wave 4 Consolidation before another leg up.
The first area of support is between 10.600 and 11.000USD which is the most likely one for a Wave 4.
It could also coincide with a RSI pullback to the 40-50% zone helping the indicator to cool down.
A stronger correction is also possible but would turn BTC in a negative bias if RSI also turns negative.
A Daily Close below 9.200 USD would mean a Bearish scenario.
Best!
MATHR3E
Finally Clarity | 2 More Days Of Falling? For the past couple days we played with the idea of a false breakdown of the ascending Triangle. The price turned more bearish the more days went on. Bitcoin seems to be bullish for one period where the price bounced off of the 21 daily ema. The day still has not closed yet but the ema seems to be clearly broken at this point.
Why the question "2 more days of falling?" you might ask. On todays candle we can see a red 7. This means that this is the 7th day of the downtrend according to a perfect sequential cycle, which goes from 1 to 9. Now since we're currently at day 7, there should be 2 more days after this close of downside action in a perfect scenario. The perfect scenario should also bring us to the green buy zone. It is possible the price will creep up but at this point that seems very unlikely.
To summarize: the 21 daily ema was Bitcoins last hope. If the price closes below it today then the probability of Bitcoin going to the greenzone has increased drastically. In the perfect scenario, we should see our bottem in 2 days after the current close.