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GOLD → Candlestick analysis - the market is ready to fall OANDA:XAUUSD quickly enough reaches the specified target of 1914 and forms a bullish rebound after a false breakout. The price forms a range of 1939-1914, within which it can reach local resistance by the end of the session. The daily timeframe hints that the fall will continue. The price exits the local descending range downward, breaking the support (another view is a break of the triangle support), after which a correction is formed - which is a logical component of trading. And the daily candle on Thursday closes at the very low, which suggests that the potential is not yet exhausted. The gold market is bearish right now. Today's publishings are: 8:30 GMT Manifactruting ( FX:GBPUSD GBP) 13:45 GMT Services PMI ( FX:EURUSD USD) Resistance levels: 1925, 1939. Support levels, 1914. The daily candlestick forms a local level - the low of the day. If price breaks this local support, it will head much lower, as there is a void under 1914 on the chart, but within the trading session a rebound could lead to a strengthening to 1925 or to 1939. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
27
GBPAUD → Price continues to strengthen. I expect a breakthroughFX:GBPAUD is showing a chic dynamic based on the reversal pattern. At the moment the price is in a range and most likely the market will have to form a consolidation before breaking through the flat resistance. Earlier the price acquires strong support from the 200-hour moving average. A strong consolidation forms a bullish position, after which we saw a rally to 1.90000 At the moment, I expect a retest of 1.90353 and the formation of a pullback to support in the near future. In the medium term from the trend support or from the level 1.89200 I would expect an active strengthening of the currency pair. Support levels: trend bottom line, level 1.89200, sma200 Resistance levels: 1.90353, 1.91835 The pound continues to get stronger and the resistance of the range will not stop the price. I expect pre-breakout consolidation with a further breakthrough to 1.91835. Regards R.Linda!
Long
by RLinda
16
Bitcoin - Bull trap triggered, huge crash is starting! Today I opened a short on BTC, and in this analysis, I will tell you why. In the previous analysis called "Bitcoin - The biggest bull trap in history!" I told you I wanted to short Bitcoin at the 0.618 FIB retracement; today we reached the important level and took liquidity above the previous swing high. Now everyone is extremely bullish, and it's time to short it. On the chart, you can see a huge parallel channel on the weekly scale, and today we retested the trendline of the channel and the POC of the previous triangle. This is a very strong resistance, which is why I expect a huge decline in price in the next few days or even weeks. I am a very transparent trader because I share all the trades that I make with the entry points, SL, and TP. From the Elliott Wave perspective, we can see a falling wedge, which is a bearish leading diagonal pattern with an overlapping wave structure. Usually you want to short it at wave (4) of the diagonal pattern, and we hit this wave today. In my opinion, wave 2 of the higher degree has been completed, and we are ready for the 3rd wave, which can be extremely steep. It's possible that Bitcoin will start consolidating a little bit at the current price, so altcoins can also pump a bit. But it's only going to be temporary. Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
227
GOLD → Breakthrough 1939. Greetings from the Bears OANDA:XAUUSD breaks support after another retest of the 1939 level. Consolidation is forming and the price is headed down. What can happen and what should we be prepared for? There is a large pool of liquidity below the 1925 area, and if it touches this level, the volumes may surge and the volatility may increase. The price may retest the previously broken 1939 before further declines. But at the moment the fact is that the market is about to fall and there are many reasons for that, all of which are pointed out on the chart. After breaking through the support and consolidation of the price below the level, we got an entry point. The price is expected to fall under the pressure of the bears and the current trend. At 14:00 GMT FED Powell is broadcasting, it is worth looking out for his words. (Expect increased volatility). Resistance levels: 1939, SMA-50. Support levels: 1925, 1914, 1885. As a priority I expect the price decline towards 1900, but based on the situation, from the key support levels or before the news something unpredictable may happen. The priority is to sell. Sincerely R. Linda!
OANDA:XAUUSDShort
by RLinda
25
GBPAUD →Technical pullback, after which the growth will continueFX:GBPAUD forms a reversal pattern at the base and support of the lateral range of 1.86094. The implementation phase of the set-up leads to the strengthening of the currency pair to 1.88950. The technical pullback begins, which may reach the retest of SMA-200. The price is inside the range. From the support we see active price strengthening towards resistance. The strategy of trading inside the range is simple - it is worth to focus on the resistance and support of the flat. At the moment correction is forming, which may be directed towards 0.382 Fibo or to SMA-200, as we have an uptrend, these levels are the key for possible entry point. Support levels: 1.87738, SMA-200, 0.382 fibo Resistance levels: 1.88200, 1.89214 I expect the end of the technical pullback in the area of 1.87738-1.87450 with further strengthening of the currency pair to 1.89214 or to 1.90350. Sincerely R. Linda!
Long
by RLinda
15
#BTC BULLISH FLATHello, TradingView Community! Today, I want to talk about a critical structure in Elliott Wave Theory: The Bullish Flat. This pattern is part of the 'corrective wave' group and often signifies a temporary interruption of an uptrend. Understanding its structure can be very beneficial for both swing and day traders. Here's an example chart showing a Bullish Flat. Structure: A Bullish Flat consists of three waves - labeled A, B, and C. Waves A and B consist of 3 sub-waves each, and Wave C consists of 5 sub-waves. Wave A: The first wave, A, is a corrective move to the downside. However, it's typically not as intense as a primary trend reversal. Wave B: Then comes wave B, which is an upside move. Interestingly, in a flat, wave B ends about the same level that the preceding impulse wave ended, meaning it retraces almost 100% of Wave A. Wave C: Finally, Wave C comes into play, another move to the downside, with a structure similar to an impulse wave. It ends slightly below the end of wave A before the overall uptrend resumes. Identifying these structures accurately can offer profitable trading opportunities. By entering long positions at the end of Wave C, traders can capture the next impulse wave in the prevailing bullish trend. Remember, no pattern provides a guaranteed outcome, so always use other forms of technical analysis for confirmation and manage your risk effectively. Stay tuned for more Elliott Wave Theory insights and happy trading!
BITSTAMP:BTCUSD
by optimizedtrading
🏅GOLD - The spring is compressingGold continues to decline under resistance control within the range. The price from 1945 forms a small pullback that could touch resistance, but everyone is waiting for a fall in priority. TA on the high timeframe: 1) The dollar index is in a bullish rebound phase. It is likely that after a small stop, the dollar's rise could continue, in which case the price of gold could fall 2) We see a strong pressure on the market. The sellers are strong enough, gold is not able to go through the resistance TA on a low timeframe: 1) Price is under resistance area. The nearest high, which might make the market nervous, is around 1967. A false breakout of this area is possible. 2) In the future, judging by the high timeframe, I expect a continuation of the fall with the possibility of breaking through 1939-1940. 3) Now the rebound to the resistance is formed, we watch the price reaction. A false break-through will be a strong signal Key resistance📈: 1960, 1967 Key support📉: 1950, 1940
OANDA:XAUUSDShort
by AndeWave
19
Bitcoin - The biggest bull trap in history! In the past few days, Bitcoin has been pumping, which I was expecting. I share all trades that I make transparently. But this pump is something that we need to be aware of! Clearly, this falling wedge pattern is coming to an end, because it has been a pretty long time. The price of Bitcoin is stuck in this "range". My ideas on it are the following: We are going to see a bullish breakout above the wedge, just right at the 0.618 FIB. All traders usually try to buy this breakout, but they probably don't know that there is a 0.618 FIB retracement just above the breakout level. Which is definitely an opportunity to short Bitcoin, not long! The next scenario I see is that we are going to see another touch on the upper trendline of the wedge, and after that, we are going to go down in a classic way. I do not expect any strong bullish uptrend above 30k at all, and I am not buying Bitcoin, but we can trade it on futures. From the Elliott Wave perspective, this wedge looks like a leading first wave diagonal pattern, which suggests the start of a huge crash. Now we are in wave (2), which is usually pretty strong and steep, so we can end wave (2) pretty soon! I want to short Bitcoin at the 0.618 FIB retracement, if the price comes to this level! Otherwise, I trade altcoins on futures. We have an unfilled CME GAP at 21k, do not forget it. But I think we are going to go even lower, to 15k or 10k. But I think if we really want to start a bull market, we need to fill the GAP before a new all time high! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
162
Bitcoin - Massive breakout soon! (pitchfork + falling wedge) As we can see, the uptrend is broken! The pitchfork on the daily chart was the last hope for the bulls, and it has been destroyed by the bears. What's more, the price of Bitcoin from 31k to the current price has a 5-wave structure (impulsive) instead of a 3-wave structure (corrective). The chance of going to 15k has increased dramatically at this point, and I believe we can continue even lower, to 10k this year. We still need to wait 10 months for the halving event to potentially push the price higher. For the long term, I would start buying Bitcoin at 15k; it's a very good price, and even if it drops temporarily to 10k or 6k, it's not that big of a deal and you can buy even more. It's still a much better price than 30k or 50k. Now the price is printing a leading diagonal (falling wedge) at the top of the trend. Usually, you want to see falling wedges at the bottom of a trend, not at the top of a trend. This is a potentially very good opportunity for the bears because it transforms the general bullish falling wedge pattern into a bearish falling wedge pattern. I can tell you one thing: if the price goes above the wedge, which is possible, it will be a total bull trap and fake out, so if you buy it, a huge dump will follow! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. From the Elliott Wave perspective, the trend from 15k to 31k is at this point only a 3-wave bearish ABC structure. I can see only 1 major correction, and it's from 25k to 19k, which happened in February / March 2023. But this ABC correction is still not confirmed because it could transform into an impulse wave because the price is still above the wave (A). On the road to 15k or 10k, we have a lot of major support. All these levels can be found in my previous idea in the related section down below, so you can use them for your trading decisions or analyses. Bitcoin has been going pretty much sideways for almost 3 months, so there is massive volatility expected. The waiting time is almost over! Also, Bitcoin was created by the banks, so if you want to know more, check out the related section again! There are my 2 previous ideas. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
291
DOGE - 81% crash is starting! (Sell all your coins, no time) If you haven't sold DOGE, you should do it as soon as possible because otherwise you will experience a critical 81% crash. But fortunately, I am here to protect your funds, and in this analysis, I will tell you why this crash is going to happen! First of all, we can clearly see that the price is moving in the descending parallel channel on the macro-weekly chart. The price is inside the channel, and we have a total of 5 touches. This is definitely a valid parallel channel on the LOG scale, and Doge remains in bearish mode. What's more, there is a bearish head and shoulders pattern, and the price is very near its neckline. You still have time to react, but the crash could be very steep and disgusting, so what you want to do is short Doge instead on the futures market if you want to make money on this coin. In April, Twitter changed its logo to the Doge coin logo. It was supposed to be bullish, so everyone was buying like crazy, but instead the price went down even below the starting bullish candle. It was clearly an April joke from the Twitter owners, and there was no plan to start a bull market. So why do they do that? Clearly, the investors that bought the news are at a loss, and an 81% crash is starting so... The bottom could be at 0.618 LOG FIB, but I think we are going to go even lower than that. But this is definitely a good level, so you can buy Doge at the FIB for a short-term bounce and make money. It's going to be a great trade. Make sure you do not forget about this upcoming trade with a 200% profit. I will, of course, notify you about it, so set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Overall, Doge is bearish, but I believe we will see a new all-time high, but it's not going to be soon. This coin is not going to zero, as it is valuable. We need more time so the whales can buy this coin at a cheap price! Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
139
Bitcoin - Buy exactly here for the long term! (premium solution)Bitcoin is ready to go higher, but this uptrend is starting to be a little bit extended, and we need a correction to 21k. I have been warning you for a long time about a huge crash that is going to happen soon or later. We still have an unfilled CME GAP, and exactly in the GAP we have the 0.618 LOG FIB retracement (15476->33000), which is a good confluence to buy Bitcoin for the long-term and ride your position to a new all-time high! It looks like Bitcoin is going to reach levels around 32k - 33k. I do not expect the last wave to be huge because of the previous waves (1) and (2). We can use the Fibonacci extension tool to measure the expected length of the last wave. Buying Bitcoin at the current or higher price for the long term is not worth it because you can definitely buy it cheaper at 21k later this year. Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! The pitchfork that you can see on the chart is still holding, which is, of course, a good sign for the bulls. But in the event of a breakdown of this pattern, you should be very cautious. I think it's going to trigger a massive selloff. If we take a look back to the bear market in 2021 - 2022, we can see a five-wave structure, which is pretty much undeniable. It can be a triple zigzag or an impulse. My outlook on this idea is bullish, so I marked it as a triple ZigZag. It's probably a complex correction because the last fifth wave looks like an ABC zigzag wave. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Above the 32399 level is a high liquidity area, so there is a pretty good chance that the market wants to take all stop-loss orders from traders before the huge ABC correction happens! The 25k level has already been tested, so if you want to still buy here, it's probably not a good idea. Maybe for a short-term bounce, it could be. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
105
Bitcoin - Pitchfork and Bullish Flag (You haven't seen it!) On the chart, you can see my Fibonacci original pitchfork on the logarithmic scale, starting from the bottom at 15476. As you can see, this pitchfork is very well respected, sometimes pretty much exactly to the dollar. The power of a pitchfork is real on Bitcoin. I use Fibonacci 1, 0.618, 0.382, and 0 values for it. Right now, the price of Bitcoin is still bullish because the pitchfork is clearly holding, we can see a bullish flag / parallel channel on the recent price action, and what's more, we have an ABC correction that has been completed successfully. It's a good bullish setup for longs, but we all know that if the price falls below the pitchfork and below the ABC wave, it's going to trigger a massive crash to 15k! Bitcoin is overall pretty weak compared to gold, which has already almost hit an all-time high while Bitcoin is struggling. In all of my analyses, I always give you a very strong technical analysis that no one else does. I keep my description pretty short, so you don't spend too much time reading while all the necessary information is included. It's really best for bullish flags to be together with an ABC correction of ZigZag types. This will increase the probability of success. Maybe I am wrong and Bitcoin is not going to pump, but it's totally okay as long as your risk-to-reward ratio is above 3. You can be right only 40% of the time to be a successful trader. Most people think you need to be right 80% of the time, which you can, but your risk-to-reward ratio will be only 1, which gives you a very small profit for each trade. I prefer a higher risk-to-reward ratio with a lower success rate. I do analyses for the bulls and for the bears, and now it's your work to do your own analysis and open trades. I give you good reasons for the bullish and bearish scenarios. It can sometimes look like all I post is that I am sure about it, but it's just a part of my personality. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
132
Bitcoin is heading to 33k! (REACT FAST) We need to react to the recent price action of Bitcoin and switch from a bearish to a bullish perception, as Bitcoin is refusing to drop further and instead is building a very strong bullish base. A breakout above the bullish base is going to lead to a massive pump to 33k! I was bearish from 30k to 27k, but now I am bullish, and I am already long on several altcoins. I may add a long position on Bitcoin on the breakout of the base or on a pullback at ~26900. As traders, we need to react to price developments and alter our bias to successfully trade! Probably only a few understand this; if you do, congratulations. This should be the last pump because I am still expecting a significant crash to 21k to fill the unfilled CME gap. We are going to fill the gap soon or later, and this will be your opportunity to buy cheap Bitcoin! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. If you shorted Bitcoin at around 30k, as I told you in the previous analysis, now's the time to take profit and potentially open a long position if you stick with Bitcoin. So why is Bitcoin going to hit 32k or 33k? It's the FIB extension (classic + LOG) measured from 15476 -> 31000 -> 25811. This gives us targets 31741 and 33656, and I think these targets are very reasonable because I am not expecting any extended fifth wave on the major scale. From the Elliott Wave perspective, Bitcoin has finished the ABC correction successfully. Wave B was a symmetrical triangle, and we need to be aware of triangles as they occur mainly in waves B and 4. Rarely, triangles also occur in wave 2 of impulse waves. Overall, buying Bitcoin at the current price for the long term is not worth it because, on the major scale, we are in wave 1 (if you are bullish) and wave 2 is going to send Bitcoin to 21k. As I said before, there is a CME gap and a huge untested triangle. I expect tremendous gains for the ARPA coin. You can find it in the related section down below! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
195
ARPA will 10x | The best coin to buy in 2023! ARPA is ranked only at 320, and that's why it has plenty of room for the minimum of 10x gains! It's a great coin from the technical perspective on the major weekly chart, and I have huge expectations for 2023 and 2024. The coin recently broke out of the rectangular base with extreme volume, which is definitely a good sign, and we are ready to reach a new all-time high and continue in the bull market. Forget about coins with a huge market cap; they're not going to make you rich at all; instead, you will lose money. This coin has a small market cap, and it's also listed on major exchanges, so you can buy/long it with comfort right away. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. The important thing is always to look at the previous price action from 2020 - 2021. We can clearly see a leading diagonal wedge Elliott Wave pattern, which is a pretty strong indication of interest and, in combination with the finished ABC correction, makes this a solid technical setup for a long position. I don't know about you, but I am already in on futures, and I longed it in the rectangular base before the breakout. This coin is very volatile, and it provides a lot of trading opportunities not only for swing trades but for intraday trades as well! ARPA Network (ARPA) is a decentralized, secure computation network built to improve the fairness, security, and privacy of blockchains. The ARPA threshold BLS signature network serves as the infrastructure for a verifiable Random Number Generator (RNG), secure wallet, a cross-chain bridge, and decentralized custody across multiple blockchains. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
75
Bitcoin - Plan for the next week (this is going to happen) Bitcoin is bearish, and the next support is around 25k, which is a strong horizontal line from August 2022 to February 2023. I expect a small bounce from this zone, and we should see bullish price action back to 27k. Precisely, 25224 is the 0.618 FIB extension support on the LOG scale, and previous wave 1 resistances are 26942 and 27235. It's the gameplay for the next week or two, and this is what I am expecting from Bitcoin. This time this is a short-term analysis, as I do analyses on Bitcoin on all timeframes. We can clearly see that the price action on Bitcoin is pretty choppy, and I expect this to continue. Of course, a big red dildo is possible, but in my opinion, a green one is not. I am bearish, and I expect 15k this year. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. From the Elliott Wave perspective, I am missing a final wave (5) to complete wave 3 of the higher degree. This is, of course, a bearish version of my Elliott Wave count. There are tons of opportunities on altcoins, so I trade mainly them. For example, ARPA is a good coin to trade on an intraday or swing basis because the volatility is pretty huge, and volatility = opportunity. After Bitcoin reaches 25224, which will be hit sooner or later, I expect a pullback to 26942 - 27325.  The next FOMC meeting is on Wed, Jun 14 where will be released a decision for the interest rates in the USA. Big volatility is ahead. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
75
Bitcoin + Comment your altcoin!Do a comment on your altcoin below this idea, and I will give you my opinion/analysis of it! Make sure you hit the boost button as well to participate. I will answer your comment with an analysis for you on the weekly/daily chart (long term). I start my analysis with Bitcoin: I am bearish on BTC, and we are going to reach 15k - 10k later this year. Also, there is a possibility of going down to 6k and I will tell you why. Why 15k, 10k, or 6k? 1) 15k - We have a LOG Fibonacci retracement slightly below the 15k level, and the previous swing low at 15450 should be destroyed to complete the ABC correction. Also, there are lots of stop loss orders below this swing low, and we can do a swing failure pattern. Big players can take advantage of it and buy a large amount of Bitcoin at this level. 2) 10k - There is a huge Fibonacci confluence. The 0.618 LOG FIB retracement of the previous impulse wave is definitely a strong support for Bitcoin. The FIB extension from the start of wave A => the end of wave A => the end of wave B gives us the 0.382 projection. As you can see on my chart, these 2 FIBs are close to each other. 3) 6k - If you remember a huge triangle from 2018, we can test the POC of it. Also, there is a fair value GAP and a 0.764 FIB extension. I don't think we are going that low; that's why I give it only a 20% chance. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. This pump from 15k to 32k is a bull trap and a fake pump. I do not have too much trust in it. We are going to find the bottom between October 2023 and January 2024. The majority of altcoins look totally terrible, and I do not see any upcoming bull market. But I look forward to 2024; I think it's going to be a very bullish year, together with 2025. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
267
Bitcoin - Secret trendline from 2013 is breaking down! (unreal) I never talk with empty words, and in this analysis I will give you the main reason why bitcoin could crash to 15k - 10k in the next few months. No one talks about this trendline from 2013, so it's a big deal. The trendline is already broken, and the bulls retested it a couple weeks ago. It's a classic retest. Usually, you want to wait for the retest and then short it. I want to tell you that this trendline is parabolic, and if it is reclaimed and followed, then theoretically, the price of Bitcoin will be around 5 000 000 dollars in 2030. This is unlikely. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. What's more, the 200-week moving average has been broken for the first time (a negative sign). We still need to wait almost a year for this halving event. Meanwhile, we could experience a huge flash crash to liquidate high-leverage traders with a strong and steep rebound back to 32k. Bitcoin is very volatile, and a 50% or 80% crash is nothing. January 2024 could be the bottom for Bitcoin. Shorting Bitcoin is pretty good because it provides a very good risk-to-reward ratio compared to other altcoins on the weekly chart. It's because your profit on shorts practically cannot be more than 99.99% compared to your profit on longs, where your profit is unlimited. Your stop loss on BTC short could be, for example, 5% and on altcoins, 20%, with the same trade setup and same strategy, so it improves your risk-to-reward ratio on Bitcoin shorts. Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSDShort
by UnknownUnicorn2537518
196
PEPE - 77% crash ready, but re-buy exactly here! (best meme?) I think PEPE is a great coin, but we need to buy it cheaper. The 0.618 FIB retracement is a reasonable level to buy the PEPE coin if you believe in another pump. There should be one more pump to new all-time highs after the ABC correction. This coin is very volatile, which is definitely a good sign for all traders because the volatility increases the chance of success. But for holders, the volatility can be something like a roller coaster. 77% dump is very possible. If we take a close look at the waves from the start of the small bear market, we can clearly see an impulse of 12345, which suggests pretty strong selling pressure. It indicates that the ABC correction is probably in play, and we need to complete it before we can continue to a new all-time high. PEPE coin is ranked #66, which is still not that high. It's a pretty good meme coin, and that's why I think the bull market is not over yet. I recommend this coin for all intraday and swing traders because the volume is pretty high and the volatility is as well. In this analysis, I told you where to buy PEPE for another huge pump if you are interested in this coin but don't want to FOMO-in! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
164
Bitcoin is starting something big! (Elliott Wave) Bitcoin is very bearish, and I expect lower prices. We have a strong bearish Elliott Wave base (a symmetrical triangle), and on the chart you can see my primary Elliott Wave count. This strong Elliott Wave base is an indication of a big crash. The price should not go above 27666 (only a wick is allowed above this level). This is a strong resistance because of the previous wave (1), and wave (4) should not go into wave (1) territory. But I have an exception for this ruse, so I allow a very small overlap. Usually there are a lot of orders, and the market wants liquidity, which is why sometimes they overlap. Also, it depends on exchanges. The bullish Elliott wave count is different. The symmetrical triangle could be an ABCDE triangle wave B, and we have just finished the ABC correction. In this case, the ABC correction could be completed, and we are ready to go above 31k. It's possible, of course, but my primary outlook is bearish. But if you are bullish, you can take this count into consideration. In the next few weeks or months, Bitcoin will reach 21k and 15k after that at the end of the year. 10K is possible. We need more data to establish the target for the bear market, and we need to wait for the price to develop. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. What I personally recommend is to take only shorts on futures and avoid longs until the end of the year. This s a quick update on BTC. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
138
Ethereum - Weekly bearish flag will send ETH to 618 USDT (gg) Ethereum shows a lot of weakness on the major timeframes. You can see that the downtrend was pretty steep, and now we are in a consolidation phase. If we take a closer look at it, this is not even an uptrend; it's more like a sideways bearish flag consolidation. A trendline from 2015 on the ETHBTC chart is breaking down, which is a significant bearish technical event. Make sure you check out the trendline in the related section down below! Now the question is, "What will be the bottom on ETH?" We use the Fibonacci extension tool from the start of the bear market to wave A and wave B, which will give us a 0.382 FIB projection. This is a reasonable target for the final dump (618 USDT). This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. You can see my Elliott Wave count on the chart. I don't know what's yours, but you can take some inspiration. A lot of people are very bullish at this moment, but the chart does not look bullish. The previous downtrend from 2021 - 2022 was extremely steep and impulsive, which you do not want to see as a bull. We need to finish the major ABC correction to start the true bull market. ETH is going sideways. It has been almost 1 year of sideways price action. I don't see anything bullish, and it's better to sell all your ETH if you haven't already and short ETH to make money. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
152
Bitcoin - 2 secret patterns, no one talks about! We have a head and shoulders (reversal pattern) and ascending parallel channel on the daily chart. Both of these patterns are bearish because there is a higher probability of a breakdown. There is a lot of empty space at the bottom of the parallel channel, and I feel like we need to go down to fill up the price action. It can be a great idea to long bitcoin at the bottom of the channel because there is also a POC of the previous expanding triangle and the 0.618 FIB retracement of the previous wave. What's more, the 200-day moving average could act as support as well. This MA is used by huge hedge funds, banks, and professional traders. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. If Bitcoin fails to hold the top of wave A, which is at 25250, then it will be a disaster for the price of Bitcoin, and most likely we are going to go to 15k. In my opinion, it's going to happen. Volume is totally dead. During the last wave, the bullish volume was almost invisible. There was no interest from the bulls to buy BTC on the spot market. This is indeed a positive sign for the bears to short Bitcoin. The majority is absolutely bullish, and if you want proof, check out my previous analysis in the related section down below. You need to read all the comments on this analysis so you can see all the opinions from people and NPCs. If we take a look at the RSI indicator, we can spot a bearish divergence between the last 2 peaks. It looks like the bearish divergence has already been confirmed. At least I see it. I am bearish on Bitcoin, and I expect lower prices. Gold almost reached a new all-time high, while Bitcoin is struggling, but no worries, a halving is coming in 1 year, and that will be bullish. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
133