Btc-short
58.3k-59k top, pull back to 47k-50kMy infamous Gann pull's level 4.0 points at 58574, this Gann marked all those highs with 0.5s, 0.25s so these 1.0 levels are really strong. that level is between weekly and monthly. I don't know much about Elliot waves but I draw something like that which makes sense to me.
With a rejection from that area, the golden pocket (0.618-0.66) of the last pump has confluence with whole run's 0.382 and level 2 of my Gann which was a high previously.
BTC - Elliot waves - ABC weekly correction - SHORTOn weekly chart, Price is returning to the 50% of the distribution range.
As expected AFter first A correction wave we currently in B correction wave trying to find the top of this wave (usually 75% of A wave correction)
This coincide with the 50% distribution range (56250$) and that is a good sign.
We expect a big sell of at this point and price to reach 20K by the end of the month.
ENjoy
BTC?! 30K IN PICTURE.From my post on the 27th August, 2021, we have seen BTC hit the 52k and 40k targets.
As things stand now, BTC will continue its dump to at least 30k (we can easily hit 28k) in that major support zone.
Once we get there, we will see whether the price of BTC will hold over there and turn around or will continue its rally down but at this point in time, you can find a short entry to anywhere around 31k-28k.
Manage your risks well and trade cautiously.
See you at 30k.
check my profile to see other ideaswhen we were at 51 i said 53000_53500 is a last high price
After that btc falled i said around 49 is a good for short
Now choose your way!
BTC finished guys
save your money
avoid from somebody says bitcoin will be go to 100K!!!
focus on yourself and learn
around 38k first target
Maybe after 38 we reach 44000-46000
But this Bullish trend finished
ETH/USDT short opportunity !! Bearish divergence appeared The live Ethereum price today is $3.436,29 USD with a 24-hour trading volume of $16.184.015.412 USD, -0,15% in the last 24 hours.
After its bullish momentum ETH seems approaching now a significant correction, as the price has already hit the upper level of Keltner channel on 4h timeframe . Historically after such a bullish momentum, price usually starts its rally to the downside, ranging between the trend line and the lower level of Keltner channel. Also indicators are pointing out to a possible decrease, in fact a bearish divergence has been spotted, as shown by the black lines.
MACD is looking bearish, below the trendline, RSI is 50, buying volumes are decreasing and RSI divergence is still under 0 . For all these reasons I highly expect the short position to play out. In order to enter the position, wait for the bearish fractal to appear (green triangle). A bearish fractal occurs when there is a high point with two lower high bars/candles on each side of it. The indicator isolates potential turning points on a price chart and signals the price could move lower.
The entry point corresponds to 0.236 Fibo level and all the targets corresponds to previous resistance, as well as to 0.382, 0.5, 0.618 and 0.786 levels which all have almost perfectly predicted support and resistance zone historically.
POSITION: SHORT
ENTRY PRICE : > 3.450 $
TARGETS: $ 3.300-3.200 / 2.800 – 2.700 / 2.450 / 2.200 / 1.900-1.800 /
STOPLOSS: $ 3.900
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TRADE AT YOUR OWN RISK
NOT FINANCIAL ADVICE
BITCOIN, Watch Out!After breaking down from H&S pattern, Bitcoin managed to bounce from $30,000 level and retest the neckline, where strong rejection came in.
Now, Bitcoin moves in an ascending wedge pattern. I expect it to hit mid level of 50-51k and then break down from it.
In order to take out the new highs, Bitcoin would need to close higher than the previous high at $53,400.