Looking at the bearish moves we've had for a while now these recent waves to the upside have caused a shift. On HTF Such as daily I have spotted what seems to be a zig-zag. price already completed wave "A" of said zigzag and seems to be at the "B" leg. Analysis ran on timeframes like the 4 hour support this Bias. There is a zig-zag forming on the 4H which has...
Following the Fundamentals report and the DXY. The Dollar is picking up momentum. But using this EWA a wave 4 seems to be forming. Given the guideline of alternation. wave 4 is going to be a complex pullback/combination. we are waiting to see price pull back even further and now that wave 3 was extended we don't expect a huge pump. rather, we expect a truncation...
Wave C just completed. proof of this is the 5-wave impulse. Divergence is also present so the idea is that price will pull back into the 60 percent fib/76.4 either way we should ride the (c) wave down to the 100% extension (marked by pink line) this is also where bulls might step in to continue the uptrend.
I've been doing a little reading on elliott wave analysis amd after an extensive period without any publishing. i'll be running a few back tests and then i'll start publisng on a regular basis. this is just a little little wave count i did. trend is bullish. the wave count confirms it. i wam wait for that triangle/combination pattern to retrace into the fib areas...
Following the previous idea on CADCHF(Linked) Price is now on a pull back on a bearish trend. With the head and shoulder a reversal has been confirmed. Now we just wait for price to enter the sell zone and continue with the trend.
Weekly time frame is in a downtrend. Daily TF is in an range( But price is on a pullback approaching resistance). The H4 has a high potential for QML. Waiting to go short at the sell zone where we assume the Right Shoulder will form.
Bearish wedge on the daily confirms the presence of sellers in the market. with price retesting the daily structure the supply zone on the H4 only confirms the potential and the benefits of going short.
The Daily timeframe is on a bearish ttrend and is making a pull back. The 4H has a double top and this confirms selling pressure. We are waiting for price to make a third touch of the trendline. This will hit out supply zone where we will wait for entry tiggers.
Price formed a Bearing Flag/Pennant on Daily. With the structure break on H4 timeframes are now confluent. Price is now moving retesting resistance zone.Layered with the supply zone and the divergence. A Sell pressure is on the rise.
With the Daily TF showing exhaustion and price moving into a resistane zone we can now look for selling opportunities. The charts already show us that divergence ius at play and price is coming to retest the Supply zone before making a move downwards.
All HTF from Weekly To Daily are Down trending Price on the H4 and is ranging and i assume its all manipulation. Bonds are making a pullback due to interest rate hikes. but none the less price is still very very bearish. Even the USDJPY is on a pull back this confirms that the market is now risk on as Beta Currencies are taking a Dive too.
ADA HTF are bullish. Both weekly and daily MS confirm that the bulls are in control. Price is currently in a pullback. The impulsive nature of this pull back gives us a bulllish falling wedge which provides us with more confluence and reassurance that upside momentnum is not yet depleted.
With SHIBAINU & DOGE heading towards the upsideheld . BONEUSDT is leading the pack. All Its HTF are Bullish with no Structure breaks. The Bullish sentiment and the YOLO approach by its community will take it to new Highs. We Just have to wait now.
With DXY on a downt rend and yield prices tanking . USDJPY presents us with an opportunity to enter short positions. The WEEKLY TF is already bearish. The daily is in a downtrend as well. Market structure comfirms that berish sentiment is on a raise. The Yen has been on a rise despite the feds hawkish sentiment. Anyway that is just my take. I'll be waiting to...
For a banned Coin. Monero has exceptional technicals. We have great bearish structure on the weekly flowing all the way to daily. The H4 confirms this now we wait for a pull ball. and take up more sells. We already have a trendline break and a looming head and shoulder retest. if price moves into that supply zone. we are goin in for more sells.
SHIBUSDT has put price over HTF Resistance. These huge price moves show that their is great buyer sentiment. Price has not broken any structures that would put it in a downtrent. Better yet peice is currently making a pull back on the H4 chart. Should it go into the demand zone. i would use that and the fibonacci with confluence from confirmation candles to take a...
On the weekly Timeframe Price is still Very Bearish and making a pull back. Supply Retest in eminent on H4 pullback and this will leave us with QML. Daily is already retracing on Resistance Levels. Plus we have Divergenvce acting too. Someone teach me how to add images on ideas.
With Crypto on Mass Euphoria. Pullback on Doge mean that we get to buy cheap. So Buy Low and Sell High. HTF Like D1 and weekly put Doge on a pull back(Messed up) So the choice is yours.