Bitcoin is breaking out of the bear market structure and creating a new uptrend that will lead to an all-time high! This thesis is supported by the fact that after the halving event, Bitcoin always goes up (statistically, 100% probability). The halving event took place 1 month ago and cut the reward for mines by half. It's recommended to trade with the trend to...
Bitcoin finally revealed its direction and its bullish. On the chart we can see 2 parallel channels. The first one is currently breaking out and there is no doubt that the second parallel channel will break as well. Next resistance is exactly at the top of the first parallel channel, I am expecting a pullback from this strong dynamic line. From the Elliott Wave...
📈 Let's analyze AR coin, which I introduced for spot trading last month. We'll review and check new entry and exit points together. 🔍 In the higher timeframes, AR is one of the few coins that is nearing its all-time high (ATH). It broke out of its long-term box a while ago and is currently in an uptrend. 💡 One of the main reasons a few select coins are...
Bitcoin after bouncing from a Bullish Cypher PCZ and Breaking out of a Falling Wedge has back tested the wedge as support and has closed bullishly above the backtest and now we have a confirmed Break-Hook-and-Go on the monthly timeframe as well as Hidden Bullish Divergence on the MACD. If this is truly the bottom then I would think Bitcoin is likely to complete an...
Gold is extremely bullish and is expected to double its value in the next few years. We want to take advantage of this bull market and implement long-only strategies on futures. Right now, GOLD is breaking out of the descending channel, but I want to see a retest of it. The price broke out of this channel but created a fair value GAP. These GAPs tend to be filled...
BTCUSD has printed an allbeit slanted yet very nice inverted head and shoulders that has retested and played out perfectly so far. The measured move coincides with multiple high time frame short liquidation levels (Not marked on this chart) with the biggest level being a 6 MONTH high volume liquidation level at $74,045. This strong of a #shortsqueeze could easily...
Hello traders, FX:AUDUSD I have determined the formation target on the chart. I wish everyone success. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Thank you for considering my analysis and perspective. Good luck
Update to my ongoing analysis of this bull run. Correction proceeding exactly per plans. We are nearing some key levels to watch. The bottom should be pretty close to here. $ 56,265 - 56,799 is the minimum expected. $ 52,838 - 53,659 is best Guess and Ideal target. $ 48,090 - 48,750 is the Overshoot (backboard). . Previous plots and logic that lead us here...
Hello Awesome Traders! I trust you had a rejuvenating weekend and are geared up for the exciting trading opportunities the new week has in store. Let's dive right into USDJPY, where a compelling setup awaits our attention. USDJPY has formed an ascending triangle pattern on its weekly chart, signaling a potential bullish move. The recent breakout above the...
🔍Yesterday, Bitcoin was rejected at the 63,200 resistance level and remains within its trading box, potentially heading towards the bottom. As Bitcoin dominance continues to rise, altcoins have suffered more, with many breaking through their support levels and continuing to decline. One such altcoin is DYDX, a DeFi token that allows users to open long or short...
🕵️♂️ Let's dive into the analysis of this cryptocurrency and update our previous insights based on recent developments. 🌟 In our previous analysis, we anticipated a correction and observed more red candles in the chart, suggesting a corrective trend that we could leverage with positions in futures to profit. 🗓️ We noted the break of the ascending trendline...
Bitcoin has finished its corrective pattern (ABC ZigZag) and is ready to go higher. My next target is 70k (69577) because we have a 1:1 FIB extension level at this price. Usually this Fibo level is pretty significant; that's why I am expecting a small crash from it, but after that, we should continue much higher, to the 1.618 FIB extension. Of course, we need more...
The price of INJ is at the top of the parallel channel on the weekly chart. This is probably not the best time to buy INJ, I would wait a for a small pullback. Rather buy INJ in March / April and buy some other coins because INJ is going to go sideways. From the Elliott Wave perspective, we are waiting for the final wave (5). We are in wave (4). Let me know what...
First technical analysis. DUSK looks absolutely great! We have a pretty long bullish accumulation of whales, which you can see in the rectangular pattern. Usually, whales need to accumulate a lot of coins / contracts before they send a coin to the moon. What is positive is the Elliott Wave outlook. My EW count suggests that the WXYXZ complex correction has been...
ARPA is looking really good on the major timeframe. We have a breakout of the local small parallel channel and the volume last year was pretty strong. 25x is possible on this coin in 2024. Take profit at the top of the parallel channel or 1:1 FIB extension (LOG). It looks like the pump is starting, so it is time to buy if you are interested in this coin. Let me...
Technical analysis CHZ is breaking out of the descending parallel channel after an incredible 1085 days! This is a huge event for this coin, and of course, I am expecting a massive pump in the near future. The pump is starting right now, so I recommend buying this coin right now. From the Elliott Wave perspective, we have completed a WXYXZ correction inside this...
Technical analysis SUPER is pumping hard; there is no doubt about it, and the trend should continue in the next few weeks and months! I recommend buying SUPER right now for a 50x profit in 2024/2025. We can see that the downtrend has ended with a descending parallel channel, and bullish volume is very high, which is always good to see! From the Elliott Wave...
Gold looks extremely bullish in the short-term and also in the long-term. 5000 USD or 10000 USSD in the next few years is definitely very likely, but right now let's focus on the short-term price action. We can see that GOLD is in a strong uptrend, and we can use a simple trendline tool to measure its strength. The price respects the blue trendline pretty...