Brief Description?️: The chart provides insights into critical market levels, emphasizing 1 essential demand zone: low-risk buy zone spanning from 1.04745 to 1.04795, respectively, is highlighted. Things I Have Seen?: Important Demand Zone?: Identified between 1.04745 and 1.04795 serving as a low-risk buy. Bullish Targets?: 1.04950: Possible retracement area. 1.05000: Possible retracement area. 1.05100: Possible retracement area. 1.05250: Possible retracement area. 1.05125: Significant supply zone. 1.05430: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
*I am in no way a financial advisor and you should always do your own due diligence before placing any trade. Do not trade what you are not comfortable with losing. No trade is guaranteed. Double top pattern price needs to retest last high broken
Trx moves in a channel all the time and now starts a strong move to reach to the top of channel. From here it will have a little rejection to the middle line and then we can enter ...
ftm soon 11$ not fa elliot wave never misses DYOR
The target of this pennant break is around $11k, and can happen relatively quickly. A move above all time highs would support a long, but a partial position was purchased at $3700 anticipating a breakout. The ETHBTC chart, on a strong weekly close above 0.41 would support this long thesis. ETH has underperformed longer than in past cycles. If it's going to outperform at all, it needs to be soon, otherwise the market may be more interested in other projects for the duration of this 4 year cycle.
BTC is at a vital point at this moment of time. The point is neutral and only time will tell if it is taken over by either the bulls or the bears. But at this point we should start to see a turn in price and watch the price drop. I chose an algorithmic approach as I do not decide where the market goes. So if the price continues to rise and break the 100K price level then we can start finding buy opportunities and if not then we will be either shorting the market or we will be waiting to buy bitcoin at a lower price. My current opinion is neutral
For me it's clear since a week ago. Typical BTC consolidation, alts run,. Technical this is healty. Building and re-accumulation before gaining momentum for 100k order blocks. Ethereum is also building slow but steady, also ETH/BTC is finaly showing some promessing higher lows. Big boys are still accumulating and holding back the real ETH impuls. Soon we will see some momentum. Fomo can switch quick to greed, make sure to have an preplaned exit plan, macro economics are very delicate in de short term imo. Did some rigoreus research and within the comming weeks and months I, as many, expect momentum followed by a blow-off top? A black swan? Be shure to have your ''crash cash'' buffer set asside, nobody can predict a top, so DCA out. Profit is Profit. Next decade will be full of intresting development an good choices now can make a huge difference down the road. ''Always guard thay gold from loss'' The Richest Men In Babylon. Epic book full of wisdom. Trade safe. Take profit. Sell green, buy red. Peace.
I just posted some thoughts on my Elliott Wave interpretation of the current BTC price action. Instead of 2 zig-zag like patterns we may have 1 triangle, which should be confirmed if the price retraces from here. This would be a good place to take a long most likely. (I am relatively new to Elliott wave theory but have found it helpful in my trading thusfar. Thus I am not 100% sure which of the scenarios we have.)
$TRIAS, which experienced a major decline after the Kucoin accident, soon showed great strength with the based moves of the team and rose almost 400%, proving once again that it is a layer1 project with solid foundations. #TRIAS major support and resistance are available on the chart and I also do not plan to sell in the medium term.
When Wave 2 is a flat correction, and Wave 4 is a sharp correction and vice versa, it follows the principle of alternation in structure. Since XRP's Wave 2 has already unfolded as a flat correction, I anticipate Wave 4 to follow the principle of alternation and take the form of a sharp correction. This correction is likely to manifest as a zigzag, either in the structure of a W-X-Y or a classic 5-3-5 pattern. It is exceedingly rare for both corrective waves in an impulse sequence to be flat, reinforcing the expectation for sharpness in Wave 4.