BTC SHORT TRADE Hello TRADERS
Bitcoin breaks a strong support level. It is expected that the supply level responsible for the break will be retested, and the price will fall, targeting the demand level
Waves
USDJPY SHORT Hello traders
in today session i sell USDJPY
target 1 the bottom
target 2 1.27 fb
wave analysi + price action strategy
1m frame analysis
[09/23] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis
Bitcoin fell to 18.1k after the FOMC announcement, but it quickly recovered and created an upward trend.
Since then, it has continued to rise until the opening of the NASDAQ, and there has been a decline like an adjustment near the opening time of the NASDAQ
When analyzing the sections before and after the opening of NASDAQ, the former was close to the impulse wave, and the latter was close to the abc adjustment wave.
Since the starting point is the impulse, it seems that there is one more wave increase left for now, which was carried out by the impulse that was carried out by ABC on a large scale.
The shape of the last wave is predicted to be an impulse or an ending diagonal, and the current shape seems a little more likely to be an ending diagonal
(Blue line is bullish impulse, Purple line is ending diagonal)
After that, there is a high probability of a short-term decline or a strong trend decline.
I think the current position is quite difficult to predict the direction of the bitcoin.
Because there are so many directions and perspectives, you should respond well when your analysis is wrong.
Put a stop limit on the point where you think your point of view is wrong, and respond slowly by watching the Bitcoin movement!
The potential downside of the EUR/USDPossible selling opportunity if the liquidity is expelled below and above and get a reversal signal, the first target is the bottom, the second target is level 1.27 fb
COP daily signs of reversal near all time highCOP daily signs of reversal near all time high no clean candle entry. However so close to all time high and we go lower, it's probably the beginning of waver 3 down trend. Stop above all time high.
BTC UPDATE Hello traders, as I mentioned in the previous analysis that a false break is possible for the block of orders, now I only need a clear break of the level 18849.17 to execute a sell trade
Previous analysis:
APE/USDT SETUP hello traders
Liquidity has been seized and distribution has begun, and I expect a sharp drop in prices
The potential downside of goldhello traders
gold under the bears
The current rise is just a correction and its liquidity has been seized. The price of gold may collapse at any moment
Fed decisions boost the USD trendThe Fed raised its funds rate by 75 basis point to a target range of 3.00% - 3.25%, its highest since 2008.
DXY remains bullish, even technically, supported by a rising trendline, 20 and 50 SMA on D1.
Even if the RSI starts showing overbought signal with bearish divergence, and Bollinger bands upper limit reached, it isn't in this case a sell signal: strong momentum brings traders into this trap.
Wait for RSI to cross below the 14 SMA as described on the chart to start looking for a correction.
Measuring the corrections shows us strength recently in the momentum ( smaller corrective waves ).
Measuring the impulsive wave shows us that the uptrend hasn't reached yet it's logical goal.
With the good news on the USD, the index can reach the 114 level.
Goodluck,
Joe.
[09/22] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis
About eight hours ago, there was a FOMC announcement.
The interest rate hike was 75bp (GiantStep), which came as expected.
The general announcement is that the labor market is fine, but prices need to be watched a little more, adding that the goal is to raise 125bp by the end of the year.
At the time of the announcement, NASDAQ and Bitcoin moved very sharply, and after the announcement, they eventually started to fall, and NASDAQ led them to leave the bottom, and then Bitcoin left the bottom.
Analyzing with Elliott waves, there could be a big drop.
Assuming that the impulse drop wave started from 22.8k, the abc wave appeared in the 2 and 3-2 shown in the middle, and there is a possibility that it will fall to 3-3 par starting with the FOMC announcement yesterday.
It's just one of the perspectives, but in this case, I think we should be a little careful in the long position because there is a possibility that it will not only leave the low point of 17.6k, but also go below that due to the panic cell.
If you leave the most important line 17.6k, you don't know how far you'll fall because there's no big line or support line at the bottom.
Always check 17.6k, and the market is very difficult because the beat is currently located in an ambiguous position.
If the position you thought of doesn't come, I recommend you not to enter the position.
NIFTY 50, WAVES(THIS MONTH)!!although nifty 50 has crossed 18000 previously in its 3rd wave, it will reach its new all time high in 5th wave. nifty 50 is following the waves very greatly. i had previously drawn waves for bull run and updated you till 3rd wave. now here's an update for the 5th one.
i have explained each and every trend line , bull run in my previous nifty 50 analysis, and i will link it below, you will understand my analysis more understandingly, after reading the description of those analysis.
nifty is already in a bull run, this bull run is carried in 5 waves, and now we are in the last wave of it.
let see what happens after that...
USDCADWave C of B is being completed, price targets have been identified. This wave can advance even up to the range of the previous price ceiling.
