** This is a year long forecast ** On the above 10 day chart price action has corrected 70% from the highs of early 2021. A number or reasons now exist for a bullish outlook. They include: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows confirm the end of the downtrend. 3) The bull flag. Have drawn this flag in a number of different ways to capture the last 3 years of price action. The red and blue arrows capture the optimum confluence. If you find a higher count, let me know in the comments below. 4) A 18000% move to $150 will print should the bull flag repeat the 1st impulsive wave. Look left, corrections of up to 80% should be expected along the way! 5) First resistance is at $3 as indicated by the inverse head and shoulders. Is it possible price action continues to correct? Sure. Is it probable? No. Ww Type: trade Risk: you deicide return: 18000% or 180x projected.
GBPJPY The potential sell scenario for the pair next week: The pair is to be monitored as it approaches the designated sell zones on the chart.
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The cup was fully formed at $1.15 level. The handle is forming now. Key resistance zones: $1.20 $1.25 $1.50 There will likely be sideways and volatile movement at each point
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Finally YFI starts moving after breaking his lower lows with a cup and handle formation. I drawed the possible first goal to reach at a usual C & H. Also we touched the old high. If we break it we would also break the old structure so we can get higher highs soon. Excited to watch YFI more in the future. Good Volume coming in
It falls for a while and rises again. Please check with the volume indicator Apparently, it will rise in the next few days
Looks like BTC will go up. The point of control is now 91K and its very strong support. For me its bullish triangle and all TA looks good. I belive we will visit more then 100K before the Christmas. We should reach based on my calculaction 120K then 30% correction and ALTS will have 50-60% correction. Then BTC will stabilize over 100K and suck again ALTS and could go to 175K which would be te TOP of the cycle.
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