Hope you all are having a green PNL from this market. We are seeing a massive bull move to the upside after the correction happened in September. While seeing the recent impulse, correction and the next impulse, the price looks like it's moving according to Elliot wave theory.
Basic Principle of Elliott Wave Theory.
Simply put, movement in the direction of the...
Bitcoin is again pushing up to new highs, Currently in the higher time frame the price is moving in a parallel channel(day) and we are only 10% away from all-time high.
There are some confluences that shows Bitcoin need some correction. First of all, we are approaching a strong supply zone, which indeed tells that price may get rejected from that zone. Also, the...
After the insane bull run, SHIB is currently forming a symmetrical triangle. For the beginners out there, a symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Price can either break to the upside or downside, as...
Bitcoin is currently showing some bullish price movement after the break of the parallel channel. And we have already met our price target from the break of channel, which was around 50K. As the price is moving up, it's creating an ascending wedge pattern. The ascending(rising) wedge pattern is a bearish chart pattern that signals an imminent breakout to the...
Hello Traders,
MATICUSDT is currently testing an important level of resistance. As you can see we broke the previous minor resistance and turned it into support. This one is a much more important level of resistance.
This zone also comes at the 61.8% Fib if we draw Fibonacci on the last impulse to the downside. 61.8 is the important level to pay attention in...
Cardano was trading in a channel for quite some time. After BTC broke out of the channel, that we have predicted already, overall market is showing some positive signs. Nevertheless, Cardano was still in the descending channel while all these happened. But recent price actions looks like Cardano is building up for a breakout. A nice break to the upside gives us...
After the crash, BTC seems trending down in parallel channel. For people who don't know, a parallel channel is highly likely to break to the upside. So a break to the upside is inevitable. But the question is when?
Currently, the price is approaching the upper trend line of the channel. So, as depicted in the chart, we will either see a breakout of the trend line...
XRPUSDT just broke the descending wedge it was creating recently as the overall market is showing some positive signs. If BTC continues to go higher and break the parallel channel, it would be nice for us to reach higher targets.
Stop Loss and 3 targets are given in the chart. Place your SL a bit tight. Because if BTC again rejects from the channel to the...
SANDUSDT was forming a clear descending wedge pattern on the 4-hour time frame. Now it broke to the upside. So if the overall market condition is favorable we can expect the price to push to the upside.
Buy price and 3 take profit levels are marked on the chart. SL is also marked, change SL as your wish depending on whether you are a conservative or aggressive trader.
After another impulse to the downside, BTC looks like it's slowly recovering, We can't still say it's back on track with a strong bullish trend again. But it gave opportunities for some longs.
After the breakout of the descending wedge, it was forming in the lower time frames, we could see a nice push to the upside. But how long it would continue? Well if we draw...
Bitcoin is repeating the price action that formed earlier this year on a much smaller scale. Currently, it's creating the same price action from what we saw from 12 December 2020 to 20 September 2021, but on a much smaller scale.
If the price plays out like this, it will create a symmetric triangle pattern . And we can expect a breakout by the end of 2021.
