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Cryptos
ChainLink End Of The RoadChainlink has posed a challenging cycle thus far, with an extended period of sideways accumulation for over a year. However, the time has now come for the asset to make a move. The Gann Fan indicator illustrates that there is limited room for further sideways action, with three rejections of the 1/2 Fan occurring in the last two years.
If we do break out of this range, we must either move downwards or make a significant upward move, which will likely last until late June 2023. At this point, a move to the 1/1 Gann Fann level with 20 dollars as the maximum price increase seems the most plausible.
Looking at the facts, the monthly histogram for LINK indicates a building momentum, with lighter closures suggesting a potential shift in trend. Additionally, LINK has experienced four straight months of weekly lower highs since the start of the year. My hypothesis is that we will reach a peak in June 2023, which lines up with the predictions for LINK based on the chart below:
The USDT dominance chart has completed its 5 waves and ABC correction, with the final wave most likely to start next week once the yellow support level is broken
Furthermore, the Bitcoin Dominance chart has also completed 5 waves and is currently experiencing a rejection of the 8/1 Gann Fan, indicating that alt season is likely on the horizon.
If Link fails to break the 1/2 Gann Fann level to the upside, the downside target would be HKEX:5 , though this scenario has a lower chance of playing out at the moment.
Bitcoin Long if Breaks 27500 upwardThere is a possibility that Bitcoin will return to break the structure to the upside.
The recent breakdown appears to be a false move, suggesting that the anticipated right shoulder might not materialize.
Consider setting an alert at 27,500, for a significant upward movement.
BTC , BTCUSD , BTCUSDT , BTCUSDT.P , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
PEPE Long tradePEPE has formed a symmetrical triangle ,trade is straight forward here a break and close of a daily above it will signal a long, technical target of this triangle would be near the 1.618.
Bybit have leverage contracts on PEPE if you want to go full degen mode
contract has 100/100 score
BIG DAY TOMORROW (BITCOIN BTC)Someone please tell me, "this time it's different." Come on, I dare you, lol.
Tell me, who wants to rent my crystal ball?
It's a mirror, literally a mirror, with comments going all the way back from that crystal ball TA that "this time it's different" because of the "macro environment." Haha, what garbage.
We longed PICO bottom.
For the traders who are not in denial, let's break it down.
We've been following a Fib time sequence from 2019 that could play out like last cycle.
0.5 Fib time to 0.618 is the pocket where you get pivots in the market. As you can see, last cycle, 0.5 Fib time marked the reversal for the final wave of the relief rally.
What are the chances that both last cycle and this cycle, 180 days out of the cycle low, we get both 0.5 Fib and symmetrical triangles? Tell me, what are the chances? Tell me, please, that "this time it's different," all the way up to 50k.
Tomorrow is a big day. We either complete the mirrored pattern which at this moment, I believe there is a much higher chance we break to the upside or we begin a crashing structure back down to 15.5k.
So, we nailed the two biggest moves of 2022, and my macro streak is still alive, the first macro prediction this year.
40-50k Bitcoin top for this year sometime late June to mid-August 2023.
Invalidation would be weekly close under 0.382 Fan Fib.
Bitcoin Is Finishing A Corrective DeclineBitcoin with ticker BTCUSD made nice and clean A-B-C correction in the 4-hour chart as mentioned and highlighted. We can actually already see it trying to wake up from the first 26k support area, but to confirm a completed correction, we need to see a recovery back above channel resistance line and 29k region. Just in case if correction is still in progress, then next deeper support is at 25k-24k that can be tested within an ending diagonal (wedge) pattern for wave C according to count #2.
Crypto Update: ADA gearing up for new push higher?Today's focus ADA
Pattern – HL support hold
Possible targets – .3550
Support – .3550
Resistance – .3665 - .3770
Looking at ADA today, we can see a few bullish signs coming into play. We have run over them in today's analysis, and the rejection signs we will also be looking out for. Effectively we want to see support continue to hold and feed a new rally. If we do see this, we would like to see a new test of resistance to show buyer strength and break of that level to start thinking the overall up trend is still in play.
Thanks for stopping by. Good trading, and have a great day.
Bitcoin ($BTC): Chart Patterns in Mid Term...Hi everyone!
The Daily Chart should speak clearly, so we have two potentially interesting patterns that we could follow in the coming weeks.
From a technical point of view, we are talking about a "Head & Shoulders" and an "Inverted Head & Shoulders" .
The levels shown on chart are approximate, what I am interested in sharing with you is the potential swing that Bitcoin should form in the Mid Term (Log Scale).
Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖
Cheers!
N.B.: Updates will follow below
eep an eye on $BTC/USDUpon analyzing the Bitcoin chart within the daily time frame, it becomes evident that the price is currently undergoing a downward trend after breaching the areas of $26,900 and $26,500. Should the price maintain its position below the $26,500 mark, it is highly likely that a significant price decline will occur. In the event of such a decline, the initial target range would encompass $23,900 to $25,200, with a subsequent target of $20,000. The $20,000 level could potentially serve as a zone for a reversal in price direction, known as a Potential Reversal Zone (PRZ). Do you believe there is a possibility that the price will reach $20,000 within the next three weeks?
Please continue to follow my analysis and feel free to pose any inquiries you may have. I am here to assist you.
👤 FarmanBangashh : @FarmanBangashh
📅 20.05.2023
⚠️(DYOR) (NFA)
Noted: Not a financial advisor.
It's always recommended to carefully consider all the factors and conduct thorough research before making any investment decisions. I suggest seeking advice from a licensed financial advisor.
Bitcoin ($BTC): Next potential swing on intraday chartFrom a technical point of view, and at least for the moment, we have to consider the last bearish leg as a simple pullback or part of a corrective structure. The main support area is around 26.450/26.000, and if it will works properly, it should trigger an interesting bullish leg. The main support on daily chart is around 26,750 and the trend on weekly chart is still bearish.
Note: Updates will follow below.
Trade with care!
Like if my analysis is useful.
Cheers!
Bitcoin Long 20230517Looks like Bitcoin is following the stocks.
Many people looks forward to a huge fall from the right shoulder, it may not be higher than 60%.
Buy when retrieves.
BTC , BTCUSD , BTCUSDT , BTCUSDT.P , BITCOIN , CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
BTCUSD: Held the 1D MA100, now needs to break Resistance.BTCUSD is rebounding on the 1D MA100 exactly as it did on the previous HL wave of the 5 month Channel Up on March 10th. The 1D technicals are neutral (RSI = 45.138, MACD = -433.600, ADX = 31.812) confirming that this is the ideal long term buy entry.
On the March bottom the MACD made a Buy Cross (the only one) under 0.00, which validated the uptrend. We are close to repeating that so use it as a confirmation. Chart-wise the price needs to cross over the R1 (30,000) and hold the 1D MA50 as Support. If that happens, we will buy the breakout and TP = 34,000. If on the other hand the price breaks under the Channel Up first, we will sell and target the 1D MA200 (TP = 23,000).
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LDOUSD More downside to come. Bottom in July.Lido DAO/ LDOUSD is rebounding after the 1day RSI got oversold below 30.00.
Buy this short term rebound and target the 1day MA50 at 2.000.
We are planning a long term buy at the bottom of this Channel Up near 1.2000.
Long term Target = 3.5000.
Follow us, like the idea and leave a comment below!!
Bitcoin short-term view - next targets to watch out for 👀🐻🐂Bitcoin short-term update
(a) BTC reached my bearish target of 26,666👀
(b) next more distant bearish target at 25,363🐻
(c) next bullish target at 27,950🐂
Have a great day dear Crypto Nation😎
Comments💭, Likes♥️ & Follow🔗appreciated
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
ETH is STILL in a PHASE B.If I Consider 12.05.21 being a Climax (BC) and 19.05.21 an AR, Then my FORK is set in the Following way :
Creek > 4379$
ICE > 1400$
MID Range > 2480$
ST > 3990$ / 1700$
UA > 4877$
1. WHY THE COLLAPSE as of 18.06.22 is NOT A SPRING ?
Even if PA has reintegrated the FORK, to being considered a SPRING (PHASE C), it should (PA) at least kick the ST @ 3900$ before sitting on any LPS (Last Point of Support) and exit by the TOP.
IT DID NOT !!!!
Furthermore, and obviously, the Volume does not show any potential sign with full lack of Harmony (Weiss) to confirm being a SPRING.
Finally, after made an Elastic Jump, it only arrived to reach the VAH then slipped back seeking some potential Liquidity before to reintegrate it again...
Mathematical deduction >
If not a SPRING, what could it being a part Major SOW ?
If not a PHASE C, then still in the Observation Phase (B) !
2. "THE b Shape" and THE LVN.
Even if my Fork, defined in the introduction, is not really accurate, let's express the Volume Profile of the ACTUAL RANGE since January 21 !
Actual VAH > 2075$
Actual VAL > 1031$
Actual POC > 1564$
As you can deduct by yourself, PA has reintegrated the FORK defined by the Fixed Range Volume Profile. There is NO JAC; No bounce, even for testing above the MID range of my initial FORK...
If reintegrated, then ST (1700$) should be the KEY, and POC might be visited again.
WHY it might be visited ? I have a big conviction that the LVN below this POC (1564$/1270$) should be closed ! I think it should be obvious for everyone who understand what the analyze of the volume profile really shows !
THE story of "b Shape".
It is not really over ! I agree ! Yes of course the PA should visit above the MID Range (2480+).
It should... When ? That is the question... Maybe tomorrow, maybe in one week, maybe in one month, a quarter...
BUT !!!!!
OPEN INTEREST providing us a very clear information regarding THE potential interest of MMakers... You don't agree with me ?
SO !
If there was not any UTAD made, we don't have the confirmation of the Breaking ICE. If we didn't see the SPRING, we should see it soon in order to get access above the MID Range ! And IF the SPRING (Phase C) might happen, where do you think, it will take the LQ if not below 1k figure ?
I just fixed 1k to not really afraid you !
Just Think about....
Don Pablo
HEXUSD: Crossed over the 1D MA50 giving a buy signal.HEXUSD crossed today over the 1D MA50 and despite the equally strong retracement back under it, it gave a strong buy signal on a 2 month horizon. The 1D technicals are neutral on the 1D timeframe (RSI = 47.190, ADX = 18.360) supported by the 1D MA200. Since it crossed above the LH trendline last week, it entered a same pattern as January 6th that rebounded straight to Fibonacci 1.382. We have a more modest target on R1 (TP = 0.13000).
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