Inverted H&S could play out, but if that support is broken....Just a 2 case scenarios since we are about to explode to one side in the next days, maybe hours.
Bollinger Bands are at the lowest levels, we are stretching more and more and close to see some big movements in the next days.
I think that 32k is a fundamental support that can`t be lost if we want to think bullish, breaking it could make us go back to 28k or more easily.
But if that Inverted H&S play out BTC could reach 37k fast, and maybe break 42k.
ONE
The big question of the moment....Is that 15min inverted H&S gonna playout this time?
Well, I have no Idea, but I believe that if it breaks we could go to the 35500 quick,
as well as if we break downwards we could come back to 34k quick. Both are moves that could change te immediate sort term action of the price.
Stay safe guys.
What will be the formation before coming back to the bull cycle?Please leave your opinion.
Just want to point out that we are hitting records of BTC going to wallets while exchange are left with less BTC`s to sell. What does that mean?
Well for me it means that we are close to the end of that bear trend, for me is time to accumulate, and I am making sure that I will take as many BTC`s as I can
by using OCO orders. This way we can wait for a decision of BTC an eventually buy it lower and lower, if it spikes up and break that red channel we get in as well.
Have a good one guys, stay safe.
Critical support at 33900BTC is doing what it always do, is coming back to test the support before rocketing.
On my view is a good point to start accumulating (with stop loss under 33300).
If you want to wait a confirmation we should see BTC forming a support from 33900 and 34900, if that happens we can shoot to 39k-44k levels.
Have a good one guys.
🔥 ONE Wedge TradeONE is currently trading near the top resistance of the wedge. This wedge has been in the making for a couple of days now. With BTC appearing more bullish by the hour, there's some big potential for ONE to break out on the top side of the wedge. Wait for a confirmed break out before entering a trade.
On the other hand, in case BTC will go more bearish in the coming 48 hours, ONE could reverse yet again from the top resistance. Wait for confirmation before going short, I'm looking at the 0.06 area for instance.
Keep an eye on BTC when trading alts. Happy trading!
ONE:USDT Bullish, LONG, 5th wave, +10xThis is ONE beautiful chart ;) if this plays out honestly this is one to frame and put on the wall. I can't help but marvel at how technically perfect it is. If this plays out- it'll display the real power of Elliott wave. This 4th- 5th wave trade is the bread and butter of Elliott- it doesn't get better than this.
Key points
2nd wave retraced to the high probability zone 0.5 Fib
3rd wave pivoted at the high probability zone between the 1.618- 1.75 Fib
4th wave has currently retraced to the high probability zone 0.38 Fib
5th wave high probability target is at 1:1 of the first wave projected from the end of the 4th wave; this gives a target of almost 10x!
4th to 5th wave trade:
Entry: Below 0.056
Stop: 0.04667
Target: 0.54
Risk: Reward of about 1:60; for me this is a must take trade.
If the above trade is stopped out but fairly quickly rebounds and reclaims the previous range, wait for price to reclaim this area and look for the first retracement for a second opportunity to get long. For this second trade stops can be place below the new low.
Never Trust. Verify.
D.Y.O.R . Not Financial Advice, this is my trading journal.
Always remember: Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key . Capital preservation above all else.
Nasdaq eventual crash could affect BTC? Definitely. Nasdaq and other markets behaved very well after the crash of March 2020, with all that printing going on that was expected.
But it´s also the end of the semester and people need to take profits, a small retracement is expected and that counts for Crypto
investors as well, prepare to buy the dip.
BTC between EMA 21 and EMA 200, easy now...We are in a crucial decision moment for BTC.
I am showing all those gaps to make sure you guys understand that we can still go lower if we can`t break that triangle at 50k and make a support over it.
We are also still inside that pitch fork that comes from the 64k top, not breaking it in the next hours could indicate another leg down if the 21 EMA can`t hold the price at 37k.
Make the right decision, don´t let your emotions play you. Have a good one guys, we will eventually go to the moon, just don`t get greedy.
Not breaking the bull flag just yetJust a hands up for those that are too bullish at the moment, small hands guys.
We are still in a bearish trend until we break the 50k and create a support over 48k.
Until then just use the lateralization to increase your hands for the long term when we come back to the bullish trend.
ONEUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in daily frame time. The price does not have enough power to go out of the resistance line. If we go out of the resistance line and stabilize above the line, we can trade for the above purposes.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!