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Waves

[09/23] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis Bitcoin fell to 18.1k after the FOMC announcement, but it quickly recovered and created an upward trend. Since then, it has continued to rise until the opening of the NASDAQ, and there has been a decline like an adjustment near the opening time of the NASDAQ When analyzing the sections before and after the opening of NASDAQ, the former was close to the impulse wave, and the latter was close to the abc adjustment wave. Since the starting point is the impulse, it seems that there is one more wave increase left for now, which was carried out by the impulse that was carried out by ABC on a large scale. The shape of the last wave is predicted to be an impulse or an ending diagonal, and the current shape seems a little more likely to be an ending diagonal (Blue line is bullish impulse, Purple line is ending diagonal) After that, there is a high probability of a short-term decline or a strong trend decline. I think the current position is quite difficult to predict the direction of the bitcoin. Because there are so many directions and perspectives, you should respond well when your analysis is wrong. Put a stop limit on the point where you think your point of view is wrong, and respond slowly by watching the Bitcoin movement!
by BeastTrading_Sehyun
3
Fed decisions boost the USD trendThe Fed raised its funds rate by 75 basis point to a target range of 3.00% - 3.25%, its highest since 2008. DXY remains bullish, even technically, supported by a rising trendline, 20 and 50 SMA on D1. Even if the RSI starts showing overbought signal with bearish divergence, and Bollinger bands upper limit reached, it isn't in this case a sell signal: strong momentum brings traders into this trap. Wait for RSI to cross below the 14 SMA as described on the chart to start looking for a correction. Measuring the corrections shows us strength recently in the momentum ( smaller corrective waves ). Measuring the impulsive wave shows us that the uptrend hasn't reached yet it's logical goal. With the good news on the USD, the index can reach the 114 level. Goodluck, Joe.
TVC:DXYLong
by joe-abdallah
[09/22] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis About eight hours ago, there was a FOMC announcement. The interest rate hike was 75bp (GiantStep), which came as expected. The general announcement is that the labor market is fine, but prices need to be watched a little more, adding that the goal is to raise 125bp by the end of the year. At the time of the announcement, NASDAQ and Bitcoin moved very sharply, and after the announcement, they eventually started to fall, and NASDAQ led them to leave the bottom, and then Bitcoin left the bottom. Analyzing with Elliott waves, there could be a big drop. Assuming that the impulse drop wave started from 22.8k, the abc wave appeared in the 2 and 3-2 shown in the middle, and there is a possibility that it will fall to 3-3 par starting with the FOMC announcement yesterday. It's just one of the perspectives, but in this case, I think we should be a little careful in the long position because there is a possibility that it will not only leave the low point of 17.6k, but also go below that due to the panic cell. If you leave the most important line 17.6k, you don't know how far you'll fall because there's no big line or support line at the bottom. Always check 17.6k, and the market is very difficult because the beat is currently located in an ambiguous position. If the position you thought of doesn't come, I recommend you not to enter the position.
Short
by BeastTrading_Sehyun
3
NIFTY 50, WAVES(THIS MONTH)!!although nifty 50 has crossed 18000 previously in its 3rd wave, it will reach its new all time high in 5th wave. nifty 50 is following the waves very greatly. i had previously drawn waves for bull run and updated you till 3rd wave. now here's an update for the 5th one. i have explained each and every trend line , bull run in my previous nifty 50 analysis, and i will link it below, you will understand my analysis more understandingly, after reading the description of those analysis. nifty is already in a bull run, this bull run is carried in 5 waves, and now we are in the last wave of it. let see what happens after that...
NSE:NIFTYLong
by raghavchoudhary2016
Doge inside wave p what should i do nowHi friends ! Dogecoin consolidationg in the narrow range . This means that the price is compressed , but it is on the decompression you can make the most money . We have to not miss this decompression . In this idea , I will tell you how to catch a powerful movement and make money on the rise . Now the price of DOGE below the 2 HUGE value areas which are resistance for the price . The big players continue to collect the liquidity close to the local lows and it's good for upcoming movements ! Preconditions to open long : ➕false breakout of the wedge ➕volume growth which confirms the pressence of buyer ➕DOM and Footrpint scalping tools help you to find the bottom and reversal point for the DOGE . Huge orders on the DOM usually help me to set short sl and get the best RR ( risk to reward ) ➕bullish BTC force the altcoins to grow and reach all targets The most important value area is $ 0.06-0.065 . The bottom of this area become the resistance for the price and if the bulls have no power to break it , the price continue to fall . ❗ If you open a long at the false breakout of the wedge , i recommend you to pay attention to this area . Maybe , it's worth to book 50 % of profit . ❗Friends , press the " boost " button , write comments and share with your friends - it will be the best THANK YOU . ❗ Personally , I open an entry if the price shows it according to my strategy . Always do your analysis before making a trade .
by dr_heidary