FaustDick

FaustDick

...this thing has to go down, and technically, it still looks like this could be it. It's the monthly, so it could still go sideways for a while, but it looks like a completed channel before the breakdown.

FaustDick

I have to make a correction to my previous publication. Five waves had already been completed. This potential reversal therefore makes perfect sense at this point.

FaustDick

Bitcoin broke out above its downtrend line. A retest may happen, but the trend is broken.

FaustDick

I assume the correction is not quite over yet. One more drop for BTC would make perfect sense.

FaustDick

On lower timeframes, BTC appears to be hovering at a decisive level.

FaustDick

"Spring" breakout, retest of the range low. Textbook price action on ETH!

FaustDick

Technically, BNB provides the perfect range setup. After forming a potential 'spring', the price went above the midband, but then retested the range low once more and has been bouncing ever since. Given that the price also broke the downtrend on the daily timeframe, the BNB chart could indicate that the altcoin correction is over. Technically...

FaustDick

BTC hit its technical target after breaking below its range at the resistance of the January ATH. The hourly RSI is showing signs of reversal.

FaustDick

BTC trading above the January ATH again is a big deal since it was the point of rejection in May.

FaustDick

Wow, this trade on SOL hit my target on pip accurate. ;-)

FaustDick

After reclaiming the range, now the breakout on the daily RSI. Everything looks set for ETH.

FaustDick

There is no correction at this point; BTC wants to go higher. The next resistance lies around 109k.

FaustDick

After trading back above it, the price retreated to the lower band of the range. This is exactly the price action we want to see in order to confirm that the break below the range was a fakeout. This suggests that we will most likely see a real breakout above the range at some point, with much upside potential.

FaustDick

This looks incredibly like a full-send setup, which could blast Bitcoin up to 200k in a wave 3 of an Elliot wave pattern.

FaustDick

I expect a correction to 103.8k from here. We'll see.

FaustDick

A daily close back within the range would look super bullish for ETH.

FaustDick

S&P 500 E-mini Futures: The range breakout hit its target below perfectly. Now, we're trading back within the range and above the mid-band on the 4-hour timeframe. This looks incredibly bullish, imo!

FaustDick

Five waves may have been completed. BTC is bouncing off support while holding the 100k. Let's go!