Updated BTC chart! BTC has found major Resistance at $56,000 if we can break through this then we can see ATH very soon. BTC also broke the daily RSI trend which is very strong. Safe trading.
BTC WEEKLY 1. Does BTC have a double top in play? 2. BTC in the Golden Pocket? 3. Can BTC break R1 $53,000? No one knows, let us sit back and watch what happens. Safe trading.
If BTC can break R1 $53,000 then we have lift off, it has also broken trend on the daily RSI so looking great for continuation. I will keep you posted. Safe trading.
Looks like a cup and handle could be in play on the Total 1 MC. Could also be a W or M pattern long term. Safe trading.
Ethereum is looking very bearish if this pattern plays out and it is printing a bear flag. If ETH gets rejected at the upper resistance of the bull flag, we could see a retracement of $2500 with a wick to $2250. Rekoctober could be in play, I think 29th 0f October from history could give us some good gains if there is no "Black Swan" event. This could last until...
FIRO is a trade for the long term, it went into a bear market in 2018 and has not recovered like all the other projects. It recently came out of the bear market cycle, it is retracing to the trendline broken as Resistance and ready to claim as Support. Long term this token could reach $1000. I will keep you updated on my trade, NFA. Safe Trading.
COTI played out well! One of the best performing ALTS recently. 100% SPOT 500% ON 5 X 1000% ON 10 X Do not use leverage unless you no your TA :) Safe trading.
DXY is looking bearish and is forming a Head and Shoulders pattern on the daily timeframe. This is a really good sign for crypto in the mid to long term. You can see the S & R levels if it plays out. Safe trading.
ETH is looking bearish in the short to medium term. If BTC drops below 38K then there is nothing stopping ETH from hitting $2200-2400, then back down to under $2000. We need ETH to get back into that rising channel to become bullish, otherwise we may be in a bear period for a short time. The DXY is looking BEARISH forming a Head and Shoulders so this is good...
This is an update for the previous chart. A Rising Wedge formed in November 2020, you can see that it has broken to the downside with a target retracement of 20% medium term. I opened up a short as soon as we broke the trend, one can play through each level of S & R seen on the charts. 3640 is the target for 20% downside. Buy resistance, sell support....
Lovely break to the downside as I predicted last week. 1st target is 4263, then retrace to 4362. 2nd target is 4100. Safe trading.
BTC is looking bearish short to medium term. Levels marked with O are very important for the bulls at $42,000-43,000, if these break then the next target marked X would be $36,000-38,000. This is also the target of the Head and Shoulders pattern. For BTC to be bullish we have to break above $47,000 and hold as support, if we break below $35,000 then there is...
BTC is looking bearish short to medium term. Levels marked with O are very important for the bulls at $42,000-43,000, if these break then the next target marked X would be $36,000-38,000. This is also the target of the Head and Shoulders pattern. For BTC to be bullish we have to break above $47,000 and hold as support, if we break below $35,000 then there is...
Is BTC performing a bigger ABC corrective wave down to the 0.786 and wick to the 1.0 as in previous markets? You can see on the charts that the previous retracements were to the 0.786. On the weekly it looks like BTC may have hit the ATH and completed the 5th wave of the cycle and is potentially in the "CORRECTIVE PHASE C" with a target of $14,979. BTC is...
BTC has a few scenarios, this is my 2nd chart for analysis. 1. Bull Flag 2. Broadening Wedge 3. Diamond Top 4. Head and Shoulders 5. ABC Corrective Elliot Wave I think BTC is going for the higher low at $49,500 then into the corrective wave down to $38,000. I am bearish short/medium term, bullish long term. This is NFA and for educational purposes only....
BTC Diamond Top is in play, a bull flag is being formed which would take the price to $51,000-52,000. We would then look for BTC to make a break down to complete the Diamond Top pattern, target is $35,000-38,000. I will keep you updated with how it plays out. Safe trading.
BTC is potentially forming a Diamond Top pattern which normally looks similar to a Head and Shoulders pattern. Either pattern could be in play, with a target of $35,000-38,000. If it plays out could be a great short opportunity. Let me no your thoughts. Safe trading.
Ethereum on the 4 hour broke out of channel 2 which was a downwards channel which is bearish. Then it broke back above the main channel 1 which is bullish and is currently holding as support. ETH needs to break above R1 and claim as support at $3650 then it can start its rally towards the previous ATH. Breaking through Resistance levels R1,R2,R3,R4 is going to...