If the price goes lower than wave AB, then wave C can reach 123.6% - 161.8% of wave AB. I am cautious for going long on Ethereum because Bitcoin CME Futures chart has a cap between 57895 and 60845, which can pull down Ethereum if Bitcoin retest or fills that cap. Right now I am staying neutral on Ethereum until I have seen a clear direction. Disclaimer: The...
I tried to find waves in Bitcoin 1D chart to see what is the possible direction. I am seeing a lot of bearish signals. Bitcoin CME Futures chart has the first cap 58790 - 60845 and second cap 20330 - 21110 (it doesn't mean it will get filled!) There is bearish divergence on RSI 1D 4H I am sharing my thought process on these market moves and adjust my...
I am seeing a possible Double Three pattern to form on BTC chart. Looking to enter into a long position around 60000 if i see reversal there and the target would be 67500. Between 67500 and 69500 i am starting to look for a short position and targeting 47000 area. The idea i published started when Ralph Nelson Elliott concluded that the movement of the stock...
If wave C reaches a Fib 1.618 level of wave A then wave C can be a wave 3 of a 5-waves impulse and continue to go lower. Disclaimer: The information provided in this chart analysis is for educational and informational purposes only and should not be construed as financial advice. I am not a licensed financial advisor, and this analysis does not take into...
I am short-term bearish on ADA because, in the 15-minute timeframe, I can see a bearish divergence on the RSI. I will wait to see how it plays out before entering into a long position. I am sharing my thought process on these market moves and adjust my analysis as the market evolves. This is not meant to be followed by others, as I am prone to mistakes like...
I am seeing a cap between 57895 to 60845 in Bitcoin CME Futures chart. These caps tend to get filled or retested and it can mean that there is a pullback to happen before Bitcoin reaches to 69500. Disclaimer: The information provided in this chart analysis is for educational and informational purposes only and should not be construed as financial advice. I am...