SPY is in a consolidation phase, in which it develops a pattern called low base formations. After the leg down, the low base formation is more bearish than bullish. It is below all moving averages (8,20,50,200), which also indicates that SPY is more bearish than bullish. The volume is neutral because we are in a period of weaker volume. The RSI is in a neutral...
XRP to finished correction during 2021. XRP will visit rates from 2016 - 0,05 $ Remember whole move in bitcoin from 3800 till 20k was without volume. Good luck.
ETH likely didn’t correct till end. On bigger scale ETH finished B wave last week, and heading for C way below 100. Target 50-80$. After which we will have decade of bull market. Good luck
Market is here. 5 wave of 5 wave is allmost done. Be carefull. And with covid and new president it can easily finished even this year. I can see 3 major thing which show me its allmost over: - wyckoff distribution which last for more than year - mean big boys are selling - elliot 150 plus 5 waves are done - we are having pure blow of top formation where...
Some guys send me massages asking why i am so pessimistic and to draw optimistic view. Well guys this is most bullish scenario i can see. Also they said it is impossible to have so huge drop. Don’t know what will happen i am not God! I can only do my best to trade what I see (if emotion doesn’t destroy my charting lol) In this scenario (scenario B – bullish one)...
Bitcoin has to deep one more time to finished correction and to finished wave 4. Target between 1300-3200. Having in mind that sp500 will also correct soon and is on ATH with no reason, this is very possible scenario, after which bitcoin will have several years of bull market. Be careful.
It’s unbelievable how it look the same like 100 years before. This Blow-Off Top pattern will finish same like it finished 1929 – with real crash. Plus we have covid now and President which doesn’t care for Wall Street. Red is chart from 1918 till 1956. 24 year market need to recover, and that is correction. March correction was just last deep before the end.
On weekly it falls out. Next week will be crucial It needs to bounce hard to heal itself. Otherwise there are two targets
Check volume on this rise. No there is no volume. My view that bitcoin just or will soon finished B wave after which will visit 3-6000 to finished this long bear market
This is just how i see my 5 wave. CHeck forst video