Crypto-trading
BTC FORECAST I had a forecast on *BTC* ( Bitcoin ) last month and my sentiment is that;
we are likely to start going bullish on BTC...
_could hit 37k .... but for now I don't trust the big figures of the BTC from 45k upwards but, we also have higher chances of reaching that on the run_
we have two demand zones, the current one we just mitigated is around *19k to 16k* and this the one that I feel is likely to start the bullish move
the second demand zone lies around *11k and 9k*
although this zone shows nicely on the monthly view but.. I see this second zone as a weak zone due to the low impulse coming from it as seen clearly on the weekly...
But we have this first demand to be a very valid one and is like to start the BTC bullish move.
it has a vice inefficient price action on it way up, it also broke structure and we have a nice impulse coming from it.
I feel if BTC moves below 16K I don't know what could happen next. it could mean the end of BTC
as of now 11k is a death path for BTC... I would advice any investor to start investing in BTC now.
StefanFX.......
long MATIC$MATIC bounced off the bullish trendline. Rise to resistance level at 0.61$ is likely to happen.
CoinBase to Single DigitsCoinbase cryptocurrency exchange platform is on tough position as its stock continues to fall and it made another setup which could send it stock price to single Digit ,after Celsius pausing withdrawal before ,Vauld the coinbase backed lender said is facing financial challenges related to “volatile market conditions" the above has led customers to withdraw over $197.7m from the platform since June 12,,if platforms that are build on top of Coinbase are facing the tough spot liquidity-wise ,this is a good indicator of Copinbase weakness at is core .With all of this said Coinbase weakness will be shown and price can not hold,i'am expecting price to fall with overall target of $6.89 overperformance could happen as well.
✅RIPPLE WILL GO DOWN|SHORT🔥
✅RIPPLE is about to retest a falling resistance
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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Buy the ... ? Whats up guys.
When I took a look at the Russel 2000, I noticed this interesting downtrend.
Consisting of a primary and a secondary resistance line.
Therefore, if we break through the first, we still have the second burden ahead of us. As long as we are still in this trend, the bear market will continue.
From my perspective, I don't think it's at all unlikely that this will continue.
While I'm not a pro at wave analysis, I've included an Elliot analysis with correction anyway to validate the analysis from another site.
what are your thoughts ?
Could the analysis have been viewed differently from a technical point of view?
What's next? 🔝 Finger cross: ATH 🔜? So we did bottom, and left the ground and rocket higher, we now have this trend we can trust because of the higgher highs and highers lows, we should expect some kind of a pullback, before we continue to trade higher.
I will watch the levels of support to see if we can hold it:
0,00010500, 0,000095000, 0,000085000 I will get worried if we break down the 0,000085000.
For resistance i will look, and see how it react within:
0,00012500, 0,00013500,0,00014000.