Long Term: Gold just channel surfing within the greater blue lines. Short Term: Gold is channel surfing within the red lines
Citi Group has broken the downtrend and there is now a long bias in play
PEPE Coin 24hr potterboxes with channel. As we can see in the picture, the PEPE coin broke thru both top and floor of both boxes and is heading south. it might stop at the 50 percent line 7.75B . If it doesn't stop there the next stop would be the floor of the bottom box. 7.29B. and finally if it breaks thru the floor of the lower box it will freefall to 4.63 Billion. The first green candle to the left. I have it marked also. Well we shall see where it goes. Happy Trading.
While BTC nees to test the demand zone with ETH it's a little different. ETH tends to make a double pinbar on the 200 MA, combined with that the demand zone is also pierced. So arround 2800$ and then we will move up again
Wave 2 correction has printed a symmetrical triangle, and has conformed quite tightly to it. I had been watching for this pattern from wave B top at $2.73, and wave C confirmed it. Wave d downtrend caught me slightly off guard, and wave d rally came slightly sooner then expected, but ultimately it’s what I have expected. Wave e is likely to stay rangebound, with diminishing volume, and will probably make a fakeout attempts, but probably only small wicks. I am anticipating a final shake out/fakedown/liquidity hunt some time next week to the $2-2.10 range, but it might drop out of the bottom of the triangle if there’s enough liquidity, although I imagine buyers are going to be snapping it up before then, I am thinking next week, but in reality it’s within two weeks, when a bunch of crypto bro’s who have been packing bags for 4 years get into the white house. Wave 3 is liable to be pretty explosive, and wave 4 will be much shorter in duration than this wave 2 has been, as it will alternate and be either a zigzag or a flat correction, but it might be deeper. I’ll be taking profits at $4.50, which is the 1.618 of wave 1, but I’m anticipating it running harder than that before wave 4.
Despite Bitcoin's sharp downturn, BlueZelle shows signs of stability and potential recovery. An analysis of market psychology, key liquidity zones, and technical indicators suggests a optimistic outlook. COINBASE:BTCUSD CRYPTO:BTCUSD COINBASE:BLZUSD CRYPTO:BLZUSD Bitcoin's Downturn: The recent Bitcoin drop was expected, with clear resistance and range boundaries acting as decisive zones. BlueZelle's Stability: Despite overall market weakness, BlueZelle demonstrated resilience, with liquidity clusters indicating sustained buyer interest. Bollinger Bands Analysis: Convergence of the Bollinger Bands suggests a key liquidity zone, supporting the likelihood of upward price movement. Oscillator Signals: Both RSI and Stochastic indicators are emerging from oversold territory, hinting at bullish sentiment. Market Psychology: Fear, greed, and herd mentality are driving current price action, but signs of stabilization are emerging. Key Price Levels: Short-term retracement is expected to reach key levels around $0.068, with potential for further upside. Strategic Advice: Avoid panic selling during downturns; market corrections are temporary, and historical patterns suggest rebounds are likely. In this video update, we dive deep into the current state of Bitcoin and BlueZelle amidst a broader market correction. Bitcoin's downward trajectory aligns with previously observed resistance and range boundaries, suggesting the move was not entirely unexpected. Meanwhile, BlueZelle demonstrates remarkable resilience despite Bitcoin's turbulence, with key liquidity zones converging and strong buyer sentiment supporting price stability. The analysis emphasizes the importance of understanding market psychology, crowd behavior, and technical indicators like Bollinger Bands, RSI, and Stochastic Oscillators. Emphasis on patience and strategic decision-making, caution against panic selling during dips. With an expected retracement to key levels and potential bullish continuation, the market remains cautiously optimistic.
the Fib analysis is on point. All points are matching up, the POI is on the right spot. I will take this trade
Hello everyone, today I want to talk about Elliot Wave Theory. The big problem is, that waves can be interpreted in different ways and invalidation levels are often far away from trade setups. Therefore it's necessery to follow the wave count on different levels because usually the wave itself is made my a five wave move in the trend direction or a three wave move in the direction of the correction. Currently we have an incomplete wave count on Bitcoin and should in my opinion be in the fourth or fifth wave. It seems like the next move will be towards 120k. What is your opinion?
I was waiting already for it, and posted it also weeks ago. The market was too bullish, and the technicals didn't line up with the price. The price needs to retest the demand zone arround 90 k before moving up. Financial markets only move from supply and demand zones.
ETH reached the bottom of the uptrend. Declines from here can be taken gradually. At the same time, the RSI seems to have entered an upward trend. The mid-level of the trend is the tp point. If the retracement continues, I will wait where I entered. Note to self. It is not investment advice.