Hi everyone, Thank you for considering reading my idea. ADA's forming an ascending triangle . We may breakout of the triangle to the upside already but we got rejected at 1.83. We still have a support at 1.62 (0.382 level of fib retracement). The target of the triangle is at 2.69. Very nice. Like this idea and follow me for more analysis like this. Cheers, Juvs
Hi everyone, Thank you for considering reading my idea. Bitcoin is forming this symmetrical triangle pattern . Few hours ago, we saw a rejection at the top of the triangle. We still have our support line from the bottom of the triangle. There are two scenarios: the green for bullish and red for bearish . Bullish Scenario: It's unlikely we break out of the...
Hi everyone, Thank you for considering reading my idea. Since the launch of ICP , the value of ICP against USD has been declining. If we try to plot the current price actions to the Wyckoff Method, we get this analysis. Just a disclaimer that these signals may not be accurate. There are several ways to plot the signals as the price action is not yet...
Hi everyone, Thank you for considering reading my idea. Currently, we are inside the downward channel. We possible see a bounce inside the channel going down. Like this idea and follow me for more analysis like this. Cheers, Juvs
Hi everyone, Thank you for considering reading my idea. Theta formed this ascending triangle pattern, broke to the upside and now we are finding support on top of the triangle. Target to this pattern is at 12.2 Like this idea and follow me for more analysis like this. Cheers, Juvs
Hi everyone, I'm plotting this symmetrical triangle with potential targets wherever the pattern is going to, up or down. Symmetrical Triangle patterns are mostly a continuation pattern. Since we're coming from a down trend, we may continue going down. See Targets 1 & 2. We can also see if we use Fibonacci Retracement from swing low (236) to swing high (387),...
Hi everyone, Thanks for reading my idea. Before reading this idea, I highly suggest you read my related ideas first before you ask, why are you so bearish? If my last idea, "Potential Inverse Head and Shoulder. Target 41.7K", plays out, we may be forming a bear flag. What we're experiencing right now, IMO, is that this is just a breather, and Bitcoin is just...
Hi everyone, Thank you for considering reading my idea. This is a separate update of my previous idea (see related idea below). My previous idea is that this could be an inverse head and shoulders pattern. I have been following this pattern since the formation of the head 2 days ago. Now, it seems like it's almost done forming the pattern. We should see a target...
Hi everyone, I'm plotting this symmetrical triangle with potential targets wherever the pattern is going to, up or down. Symmetrical Triangle patterns are mostly a continuation pattern. Since we're coming from a down trend, we may continue going down. See Targets 1 & 2. Still, there's a small chance that we will go up. See Targets 3 & 4. Cheers, Juvs
Hi everyone, Thank you for considering reading my idea. In this 1h chart, we may be in the middle of Phase C and starting Phase D of the Wyckoff Method - Accumulation Phase. In Phase D, we should see sign of strength (SOS) in the market that should be HIGHER than the automatic reaction (AR) and with higher volume. We can also see that we are making a HIGHER HIGH...
Hello everyone, This is not my idea but I got this from uncomplication from Youtube on how Bitcoin follows the Wyckoff Distribution Phase. It was uploaded a month ago and I tried to update it myself and see where we are now. Wyckoff is a method that consists of 4 phases: Accumulation, Markup, Distribution, and Markdown. Currently, Bitcoin is in the Distribution...
Hi everyone, From our previous idea of the head and shoulder with a target of 33.6K, we may now be forming another head and shoulder but an inverse one. Note that this is VERY EARLY to tell. But if we ever form this pattern. The target, initially, could be at around 41K in the next few days. Follow me on TradingView to get updates! NFA. DYOR. TAYOR. Cheers,
Hi everyone, This is early to tell but based from MATIC's price movement against USD, we may be following the Distribution Phase of Wyckoff Method. Initially, we may have already reached the Buying Climax (BC), with this it had an Automatic Reaction (AR) then went up to do a Secondary Test (ST) of the Buying Climax (BC). What's next? We're looking for sign of...
Hi everyone, This is NOT an analysis. I'm not basing this price movements from anything. This is just me having fun with bitcoin's price movement that may happen in the future with 0.00000000001% chance. We may even go up 2-3x in the next few weeks and invalidate this. I know this does not help you but still, hope you like it. I would like to know your thoughts....
Hi everyone, From our previous idea, an inverse H&S was invalidated, now we are creating this H&S in the 1h timeframe. We measure the target by drawing a line from the neckline to the tip of the head, and we connect that line to the end of the pattern. We get this target at 33.6K in the short term. Probably within 24-48 hours. NFA. TAYOR. Cheers, Juvs
Hi everyone, Thank you again for considering reading my idea. Just a disclaimer that I'm not an expert on Elliot Wave Theory but here's what I have in mind. Let's see the first 4 waves: Wave I - Initial impulse from March 2020 to May 2020 (161%) Wave II - Sideways movement from May 2020 to September 2020 Wave III - Huge impulse from September 2020 to April 2021...
I have a Fib Retracement from swing high (2.47 on May 16) to swing low (1.07 on May 24) for guidelines The pattern is not yet fully formed but if we form this right shoulder (must bounce near 1.4 or at the 0.236 level of the Fib Retracement), the target of this inverse head and shoulder is at 2.18 or the 0.786 level of the Fib Retracement that may happen on...
Before reading this, you may want to read my previous idea as this is a continuation: This also contains lots of updates, so you may want to read it all for the possible story of 13k Bitcoin As mentioned in the previous idea, if we form the inverse head and shoulders, the target is 48k. Zooming out to 4h chart (See MAIN/FIRST chart above), we recently got...