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Tesla : Spike and reverseTesla looks like it's about to complete a double three corrective wave from the 540 low. It is important that the 780 high breaks to complete the wave. When this happens it will be the end of wave B. This will be an important top which will lead to Tesla going lower and eventually break the 540 low with possible much lower prices. Short term the chart shows a rising wedge from the wave x of (y) low at 627 but this is not a valid EW diagonal, the correct wave count will show a triple three corrective wave to finish wave x of (y). The timing of this top comes very close to the next fed meeting, possibly some negative news from there most likely tapering or interest rates related. Alternative count has price not breaking 780, which would mean price is in a bearish wave b triangle. The result will be the same with lower prices. Good luck.
NASDAQ:TSLAShort
by jdemunter
RARE Wyckoff Distribution + PERFECT HarmonicWhat we are witnessing is the imminent stage of a distribution cycle happening before our eyes. Two of the great minds in charting, Wyckoff and Scott Carney's theories are put to the test. There are two differing bearish structures that are indepent of each other and authored by different people, but are currently simultaneously visible on a large timeframe, the 12h, at the same time. This is what we call confluence - several indicators and/or confirmations lining up conjunctly. Refer to Wyckoff's Distribution Schematics that you can find on the web to correlate the ABCDE phases with the current price structure on your own chart. I left it out on this chart as to not clutter it. For the short term, I expect a run-up to 49.2k ~ 51.2k before we collapse much lower. I will make a seperate post about this, as I have found a harmonic pattern on the hourly timeframe to confirm this. For my accuracy, please click my profile and see my previous posts. Good trading wished to all of you, frens.
by keyboardcruiser
8
BTC HASN'T TOPPED YET! (TOP @~74.300$)! ONLY 50% from now!I believe BTC hasn't topped yet. Reason being is that if you use fib retracement on the previous bull runs, the next that occured hits or surpasses the last level of the fib. As you can see on the chart we haven't topped it yet on this bull run. My guess is that the top will be around at 74.300$ that's ~55% from the current price. Then it should end this BTC SEASON and then starting the ALTCOIN SEASON! Now I never said that it has always to hit the last level! This is just what happened before.
BITFINEX:BTCUSDLong
by wolfiebrah
1
Do You want your Capital grow by 200% ?Do you want your capital to grow by 200%? slp ---- slpusdt There is a good opportunity to make a profit in the Slp chart A very suitable and strong divergence is formed in Macd, which if a wedge pattern is broken, it can lead to a sharp Uptrend to the 0.4 usdt. ( 200% profit ) Just be careful to see the confirmation pattern Breakout after the Break of wedge and do not fall into the trap of a fake Breakout. If you want to enter the position safely, after the Breakout of the pattern, wait for retest the pattern, and then enter the Bullish position with a Bullish Candle pattern. For our support - Like this analysis and follow us Thanks Hamid Mojarad Trader and cryptographer Consultant and investor of reputable investment companies
by HamidMojarrad
9
Bitcoin's 2nd peak prediction - earlier than we think!Greetings everyone! In my previous prediction that I published in Feb, I did a long term view of BTC, trying to spot the tops and bottoms. I predicted that we'll see two tops, the first one being on the week of April 26th, followed by a correction of 50% with the lowest point being on the week of 21st June. I overestimated how high the price would go to, but I got the dates exactly right to the week. This helped me to sell some of my crypto at the top and buy back at the bottom. In the same idea, I predicted that the next top would be on the week of 30th August. I am revising my prediction on the second top to the week of 27th September +- 1 week , after I spotted a mistake in my previous calculation. Based on the top of the logarithmic regression band, it would indicate a price of about 130k by then, though predicting the top and bottom price is way more difficult than predicting the dates, and I will probably get this wrong again. How I came to this date is by comparing it to the previous market cycles. I predicted that this cycle is a combination of 2014 and 2017. It's like 2014 in the sense of there's a double peak, and 2017 in the sense of the timing and duration. If we compare the time frame so far to 2017, June 2021 was like Sep 2017, July 2021 was like Oct 2017, and August so far has been like Nov 2017. I expect September to be like Dec 2017. I still remember the emotions of those months as it was my first ride on the crypto rollercoaster back in 2017, and the emotions and the returns have been exactly the same. Most people are expecting the second phase of the bull run to last 6 months. I'm here to tell you to be prepared for it to be about a month and a half. Watch for prices to go parabolic in Sep 2021. If it does, I'm probably right, and I would be taking lots of profit expecting the bubble to pop. However if the price goes sideways or down in September, this idea is invalidated and I would be wrong, and we may be seeing a longer second phase to this bull market. This is for educational purposes only and do your own research and due diligence and manage your risk! Peace!
BITSTAMP:BTCUSDLong
by godhelpme_