SNTBTC ShortHi all,
We are still on a bull trend, I even think that we could reach the first target today , and very probably in the 3 coming days.
Target 1 @ 0.00001495 BTC
Target 2 @ 0.0000159 BTC
I'm a biginner at TA, and there is no certainty in this analysis.
TA
CRUDE OIL / Elliot WavesIm the Wizard of Farts and Charts and dropping knowledge as it seems no one can count simple EW patterns here. People are guessing their trades and not understanding wave structures. Let me show you how poop is done. I almost cry when I look at the stuff people post in here and Im sure lot of people are losing their money. This Crude Oil thing started with a so obvious H&S pattern that I almost laughed when I saw it in the making. Then we got into doing some complex correlation waves that are still in the making.
THIS INFORMATION IS NOT MEANT TO BE USED AS A FINANCIAL ADVICE.
We are going to a important moment to bitcoinStrong support at 5900 triangle pattern being formed. Neutral for now. more corrections ahead. waiting to see when we are going to break this formation.
EurGbp: Cypher bearish: Wait for the D leg.Hello Guys.
Here we looking for a cypher pattern to short.
We just got a litlle consolidation, and a break out. nice litlle pullback, into the Doble top Adam&Adam.
We broke Down Again, and make the B leg, on the cypher. ( LH)
After that, we got a nice break Down Again, and got a LL, what make the ( Fibonacci extension C leg).
Now we will wait for the D leg to complete.
If you look where the D leg, come in to, you will see it right into the Support zone, And will be the "resistance" now.
It, can also make decline the cypher, and broke under the C before there D.
Remember to look at the RSI, and some chart patterns.
BTC Channel Break PendingWaiting to breakout of the channel. If we can go above $7,000 then the dump is probably over.
Quick Litecoin analysis before bedJust putting my 2 cents about the Litecoin market after watching it for most of the day. Using trendlines, support/resistance levels, and some Fibonacci lines. Got some of the price movements correct for a quick swing trade I did not execute(A lot of fear due to the long term charts, I believe signalling a up swing rather soon). Practicing for the larger swings for when the bulls take back over and my account isn't completely dependent LTC being above 220/USD.(Rookie mistake, but a mistake none the less)
I would like to see some constructive criticism or praise and speculation
BTC/USDT To 5k??Back when we hit 6k, that was considered our resistance level. we bounced right off and uptrended back up. Now we face another down trend and seems we will be testing that 6k resistance again. if BTC/USDT breaks that resistance level, it should be our confirmation for around 5.3k-5.5k resistance. Then we will be done with our downtrend.
btcusd killed tamost known technical analysis rsi divergence did not work with bitcoin.
it should bounce 8k to 10.8k then continue falling or decide new way but it not worked.
yes supports,resistances emas bounces some formations works most of time but rsi divergence was very important and btc killed it.
maybe future it can go over then 10.8k but in my eyes btc died with technical analysis at this moment.
CHATBTC Descending Triangle 3 Day OutlookWe've been in this disgusting descending triangle for the last few candles shown. This is news for all you bears out there, in the short term we're looking at some decline. Candle touched the descending line at the 0.618 fibonacci retracement and was rejected hard, you can see where with the red arrow on top. Stoch RSI is overbought and we're on a decline there as well. Looking at the third indicator on the bottom, Vix Fix by Chris Moody, shows that we're not at (or near) a market bottom. We're looking to bounce in this wedge, and looking to break (hopefully upwards) in 3 days, keep and eye on the time block.
Happy Trading!
-Banana
A brief history of Gold.It seems bullish, though that ascending pattern at the end could be a bearflag. Stay tuned.
XMRUSD TA LONG TERMTHIRD WAVE IMPULSE OF PRIMARY WAVE FAILED. SO WE WILL BE HAVING AN EXTENDED CORRECTIVE WAVE.
A SMALL BOUNCE BACK TO 0.5 FIB LVL 0.09% IS POSSIBLE THEN FOLLOWED BY THE LAST CORRECTIVE WAVE WISH LANDED AROUD THE 0.786 FIB LVL 0.09% .
NOT FINANCIAL ADVICE. STAY CAUTIOUS
Elliot Waves 1, 2 and 3 I'm backing this move with leverage. Will it make money? Let's see! If it does I'll double down for drive 5.
