Be like the sea. Bitcoin is finding its feet once more. Bear pressure is lifting. The Chinese are buying. Compare the past and predict inverse price action. Median line illustrated. 33,333 magnet.
EW analysis - BTC cycle has is in its final major leg. Currently in wave 3, we have a major wave 5 to break through all expectations and rally towards $100k
Playing the pivots to swing high and yearly resistant targets Juice left for another leg / extended 5th wave up to 14k with maximum liquidity for shorts
Based on historic fractals...not actively trading this plan....but something to keep an eye on knowing the market tendencies
Short OTE Horizontal resistance Pivot resistance Fib resistance Log trend line resistance Bear divs on indicator Rising wedge on volume indicator Looks like a correction is due. Targeting the psychological level of 8888
Major trend line broken. Resi above. Need to solidify support below before long term reversal.
Looking at the total market cap through the eyes of both bear and bulls Bears: Bear market: shorting every bounce will give a higher return than longing every dip. Still below EMA on high timeframes. Under monster trendline Waiting for 'real' capitulation (during the November blood, the amount of longs stayed relatively still) Bulls: After a near 90%...
Using the EMA 100, we still have more room on the downside if we're to mirror the 2014 sell-off. Back in the channel but still above pivot resi and price resi. Big money will be propping up demand zone below.
Crude Oil has seen a significant correction (~34%). Price analysis is signalling a relief rally up to price support-turned-resistance, pivot resistance and ichi-cloud resistance. Stop under low, target around $60
Rejected from resistance In rising wedge Bearish div on RSI At volume resistance Target retest of the trendline breakout Target EMA support Target Volume block support Only re-enter a long once the RSI has bottomed out
Volume breakout, and last leg towards support below. Would love to see $140 area, however could bounce around the $200 area. Wait for substantial bounce before buying. Starting to look juicy below.
Huge demand zone below RSI bottomed out - historically provides a bull run Bouncing around trendlines above before we see a clean move Take profit around $27-$31 Stop loss below the $13 low
Tether spike hasn't had any real follow up. Still under the cloud on the daily. Still under the 200 EMA on the daily. Still under the longterm bear trendline . Bear market still in tact, however looks to be drawing to a close. Can't rule out reversal here but max pain is a necessity for max gain. Targeting measured moves down to around 4.5k-5k where it...
BTC is a cyclical being. Volume is bottoming out which, historically, signals the early development of a exciting market movements At the moment no reason to think there's any trend reversal. BTC is still a market driven by stop loss hunts (= chop), and institutional traders (1 in every 5 hedge funds is now crypto based) desperately trying to save the $6,000...
Fear is in fashion - this correction is a just a big ol' dip. bear's share and now it's time to accumulate the final panic coins
Falling wedge within pennant, and inverse h&s - showing the end of wave 2 and hopefully the start of wave 3. Bullish divs on a few timeframes and selling is starting to dry up. Distribution done, time for a move to 10k before we decide what to do from there. Happy trading!
Silver has been coiling since the end of 2016, and all indicators and BB bands show it's time for a breakout. Upside is a huge amount greater than that of gold - see the ratio below. a 1.236 move for wave C is not uncommon and will align perfectly with the resistance and Fibonacci line. Everything is suggesting the precious metal to pile into at the moment is...