DASH After 7 Years of Stagnation: Powerful C Wave Breakout BeginHi guys! 🌟
Today, we have an exciting analysis of DASH. After a long and exhausting 7-year correction, it seems that DASH is beginning a powerful upward movement in the form of Wave C.
🔑 Wave A started in 2014 at $0.20 and reached its all-time high of $1625 in December 2017. Then, Wave B began a correction, with the price dropping to $19, which occurred in August 2024. This 7-year correction is a 50% retracement from the all-time high, making it a golden opportunity for a discounted entry at this level. This correction indicates a return to half of the all-time high, providing a perfect entry point.
📊 At the end of Wave B, a descending wedge pattern formed, signaling the end of the correction and the beginning of a new upward trend. After breaking the $40 level and pulling back to this level, a confirmation for market entry was made.
🚀 Wave C is now starting from the $19 low in August 2024 and has the potential to push DASH to new heights. Two major resistances are in front of us:
Resistance at $75: A break above this level could start a risky entry into the market.
Descending trendline resistance: This line is formed from the all-time highs of $1625 in December 2017 and $477 in May 2021. A break of this trendline provides a stronger confirmation for entry and more upward movement.
🔮 Targets:
🎯 $400 (430% profit)
🎯 $1700 (2100% profit)
DASH is on the verge of a massive breakout! 🚀
Timeanalysis
Bitcoin Timeline- i always said that this bullrun looks much more as 2015 - 2018.
- 2019 - 2022 BearMarket was disrupted by Covid.
- Double top ATH (end 2021) was combined with a large divergence.
- Consider that the first 2021 ATH was the real one.
- this graphic is not a price prediction but you can consider it as almanac.
- if story repeats next ATH would be before end of 2025.
- 2026 BearMarket will back.
- Check Columns + dates.
- Compare.
- Deduct.
Happy Tr4Ding!
Bitcoin Needs Correction!!!As I had expected in the ✅ previous post ✅, Bitcoin started to pump after a Bear Trap .
Bitcoin is currently moving in the Resistance zone($63,470-$62,340) and near the upper line of the Descending Channel , and 200_SMA(Daily) .
I expect Bitcoin to drop to at least the Support zone($61,840-$61,450) .
⚠️Note: The probability of forming a Bull Trap and breaking fake the descending channel.⚠️
⚠️If Bitcoin can break the Descending Channel and 200_SMA(Daily), we can expect Bitcoin to rise again to at least $66,000.⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Analysis==>>End of Rally!!Bitcoin moved as I expected in the previous post and started to rise after breaking the Resistance zone($64,140-$63,820) .
Bitcoin was accompanied by two pieces of good news in the last 24 hours:
PayPal Opens Crypto Trading for US Businesses.
BlackRock Sees Highest Monthly ETF Inflow as US Bitcoin Holdings Climb.
Bitcoin is moving in the Resistance zone($67,380-$64,880) near the Potential Reversal Zone(PRZ) and in the Time Reversal Zone(TRZ) .
According to the theory of Elliott waves , Bitcoin seems to be completing microwave 5 of the main wave C . ( Actually, I think Bitcoin is still in corrective waves ).
Also, Regular Divergence (RD-) between Consecutive Peaks .
The CRYPTOCAP:USDT.D chart is moving in the Heavy Support zone , near the Support lines and the lower line of the Descending Channel . I expect USDT.D% to attack at least the upper line of the descending channel in the coming hours.
As a result, I expect Bitcoin to decline to at least the lower line of the ascending channel and Fill the CME GAP CME:BTC1! , and if this line and Support zone($64,140-$63,820) are broken, we should expect Bitcoin to decline to at least $63,000 .
⚠️ Note: If Bitcoin breaks the Resistance zone($67,380-$64,880), we can expect BTC pump to near $69,000. ⚠️
Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAU/USD Correction Anticipation: Key Price Levels & Timing!I expect to see a correction occur when the price is between the two vertical lines or slightly after them. The horizontal price levels show the potential levels the price could reach. So, the two vertical lines indicate the probable time for the price correction.
Of course, there is a possibility that the correction started earlier.
Let’s see what happens!
SpaceIchimoku
Bitcoin Bull Run Comparison ChartThis chart shows time cycle data, fib levels, and an Ascending Triangle. Bitcoin looks very similar here to the 2014-2017 cycle with notable similarities like the same triangle pattern, same fib level support, and potentially the same fib level target and a break of ATH at the end of the 3rd time cycle.
DXY comparison chart to 1990'sIn the 90's the DXY capitulated after completing a trend based time measurement.
Trend based time fib tool used with 3 anchor points utilizing the 2 lows and a high.
If we use the same tools on the current data we can see that there is another opportunity coming that looks strikingly similar to the chart from the 90's.
US Government shut down is imminent and if it lasts more than a week or two could seriously hurt the US Dollar.
This would be a great narrative to compliment what the charts are already hinting towards.
Local Bitcoin time-analysisLocal Bitcoin View based on time analysis and price structure.
Based on the analysis of time, the main local (daily) pivot points on Bitcoin are:
Daily pivot Points: August 28 (08/28/2023) - today; September 6 (09/06/2023)
The local structure of Bitcoin is shaky, but it's not that bad. Today, the 28th of August is a very important day because it contains the daily pivot point. The next daily pivot point will be on September 6th. Given the presence of a reversal point today, it is important to watch a daily close very carefully.
Local Bitcoin Forecast: I believe the most expected move is to see the final short squeeze on Bitcoin before we are taken into a longer correction. However, given the presence of a daily pivot point today, there is no need to rush with longs, we are waiting for the daily close! It may turn out that today we will close the day with a sale which means we might get squeezed down to support before the next daily pivot point (September 6).
Opening Position:
Long: $24,800-$25,500 . Open in several limit orders!
Stop loss: $24,400
Bitcoin local targets:
Target 1: The minimum target for a short squeeze is the lower retest of the $28,300-$30,300 zone. 28K+- remains a zone about which there is distribution or accumulation!
Target 2: $32,800-$33,300. The bull structure is still not broken and the probability that the current markdown is a manipulation remains significant. I remind you from the previous analysis that we have a Weekly Swing Point on October 16 (16.10) until Bitcoin can easily make new highs.
Trade Plan:
(1) in the zone of $28,000-$29,000 we fix a part of the accumulated position!
(2) Stops are moved to breakeven!
(3) If after we squeeze into the zone, there will be consolidation for a couple of days - close the rest of the position!
(4) If we get above the zone and consolidate, we expect the second target: 32.8-33.3K!
X8 Crypto
Bitcoin weekly chart analysis with possible bottom anticipationHello all,
As demonstrated in the chart i believe the bottom is yet to come and best support would be 6500-7700 demand zone. But this might take a year or so.
I believe from now on the best possible strategy to gain and catch the next Bitcoin bull cycle is DCA ( Dollar Cost Average ).
I am recommending DCA because "buying the dip" is a relative term and no one can foresee a certain dip, so lets manage the risk accordingly and split up our buying orders on BTCUSDT in several chunks to get an average on the dipped price !
A chart to watch 👀A beautiful view of a pentagon, if you like Geometry you'd probably like this chart, if you like time, you'd probably like it more.
If you know about the Square of 9 Angles, you probably understand how beautiful this chart is.
Market is random and uncertain, but that randomness is well organized or that's what they say.
Just wanted to share this, for fun, let's just watch 👀👀.
It will increase againGJ still in range and it still not reach N target. From my experience, market always reach this target first before pullback. Market also cant break C level as support, so this prediction still valid until it break C. Time analysis also show 57/58 candle is a important thing it maybe reach the higher on next week.
#analysis 43 - Counting the TimeSo I just had the time measurement according to the past two swings. All the following time is by UTC.
Firstly, it might reach the top, which is 23k, at around 7/20 16:00 - 7/21 4:00. And then it goes sharply, it might reach a low, which may be just like 17.6k - 19k, at around 7/25 8:00 - 7/25 12:00.
BTCUSDHey guys..
this is my idea for Long Time Movement and Retracement OF Bitcoin...
So : Based on the pas OF #Bitcoin and #Halving , I think we will have This Movement and Retracement at the indicated Time...
So : If We lost the 17500$ #Bitcoin range , the Price can Drop to 12000$ and the Price of 12000$ in an 83% retracement of #Bitcoin...
But If We lost the 12000$ #Bitcoin range the Price can Drop to 9500$ And we have GAP...
Have fun guys and Take Care :)
USDCAD SHORT Price has been in deep correction on the daily chart. If you look at ichimoku on the Daily Chart price has rejected at the top of the cloud and currently is projecting a bearish future also known as the kumo. On the hour chart price rejected at the fractal level and created a lower high.
Lagging Span (purple line) is pointed down and we have a bearish tk cross over for a entry into the market. Since price rejected on the daily clould I would hold this trade to maximize profit.
Time Analysis of BTC Elliot waves behaviour #BTCTime analysis is being ignored a lot among traders and analysts, some time they mainly decline importance of #TIME , but in each chart there are 2 factors, #PRICE and #TIME , if we assume price is predictable using Technical Analysis, so surely #TIME must be analyzable too.
in this chart I tried to analyze the #BITCOIN Elliot waves behaviour in terms of price and time. as you know, Elliot waves, show a step by stem movement, meaning for example the third, forth or fifth waves targets are highly dependent on previous movements, with in terms of price and time.
looking back to the chart, as shown, our new Elliot movement has started on November 10th, and respectively the fifth wave has started around December 27th, at the price of 52K. According to previous waves, Technical Analysis shows the final price target of 37K~~39K , which is well compatible with our further PRICE ACTION analysis and predictions. Also according to TCR and ATP methods of time analysis, I believe this level can be reached between January 27th and February 2nd.
OIL: bearish outlookBefore we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
first:
The crude oil price reaches the upper line of parallel channel. the zone is good for selling.
second:
we see a divergence between the price and MACD at the top of the channel.
third:
a harmonic pattern could be seen. that may be a bearish bat pattern and D point may go higher to 0.886 but the price could reverse from now because of time analysis (fourth section)
the 127% level that is shown in the chart is the projection of AB from point C. (I do not want to crowd the chart but I want to show a cluster of Fibonacci level at this price.)
forth:
next high swing could be find from time analysis using X point and B point. (FIB ratio to find next high swing)
I expect bearish outlook for crude oil.