Yorokobi1272

Yorokobi1272

Chart analysis is simple, it has the potential to simply follow the ascending channel. I don't publish the wave analysis for the sake of clarity but may 22' indicates the end of 2 years cycle. A strong downward breakout invalidate the pattern but chances are low. I think Decentraland (MANA) is a well established crypto project, it has real utility but right now is...

Yorokobi1272 Updated 

ETH made an incredible relief rally from a bottom of 880$ to spikes above 1760$ and it means incredible returns (100%) for investors that risked capital when everyone believed ETH was heading to 500$. It's been an insane rally and ETH surpased BTC in gains but now market might correct. Trend analysis indicates that the trend is beginning to be tired. Biggest wave...

Yorokobi1272 Updated 

In my last post I warned the divergence ETH was creating at 4h. Now it seems wave B appeared sooner as expected, forming a possible Head and Shoulders. Volume now is decreasing, creating the perfect scenario for the bearish pattern. Correcting waves also end close to the neck of H&S. If price breaks the resistance then the pattern is invalidated.

Yorokobi1272

This is just a hilarious idea but it is technically possible lol. Head and shoulders requirement is left shoulder having highest volume, higher than middle and right shoulder the lowest, the channel reinforces the idea. 13.8K will be the end of the bear market and BTC will succeed! Don't take this chart seriously please!

Yorokobi1272

There is a divergence between price and RSI indicator, it might mean that impulsive waves are completed.

Yorokobi1272

Price looks like it can move both sides, but both possibilities would indicate the end of the bullish trend that is trapped inside of a huge bearish trend (a bearish rising wedge can be observed at higher timeframes, I agree the linked idea). Trading possibilities are the following: - Bullish: long positions have higher risk now, the only safe position was 250$...

Yorokobi1272 Updated 

Dogecoin has been on a huge downward trend from 0.75$ and there is a great chance that 0.05$ might be the historic bottom of the coin. It is clear that the bearish trend has to correct at some point and the first evidence that the downward trend is over is DOGE bouncing heavily at 5 cents, correcting to 0.08$. First reason for the end of the downward trend is that...

Yorokobi1272

Since 184$ BNB has been able to make a corrective impulse to 256$ and that means about 40% gains from bottom. To answer if the corrective impulse can continue is not a thing of technical analysis anymore, technically it can reach 300$ but it is hard to believe during a bear market. There is still a lot of FUD, social media rumours about bankruptcy of some big...

Yorokobi1272

The chart says everything, looking at less common timeframes and adding a MA200 of 15 minutes I found the perfect Elliot Waves itself like if it was drawn. Curious!

Yorokobi1272 Updated 

The moving average of 200 has worked before as a great indicator of the end of the bear market. Is BTC going to retest it or is it the begining of a bull market? From this point two scenarios are possible: BTC to 23-25K or BTC under 30K never again

Yorokobi1272 Updated 

Since BTC looks bearish and XTZ made a little rally this week the price can go through a new downtrend channel to an area of 1.6$ where the price has a big support. Next hours can validate the pattern. Good luck to all your trades