Forwarded from BehDark (VIP)
BehDark (VIP)
π΄ sell/short signal #SWARMSUSDT Entry range: 0.01451 Targets: 0.01305 _ 0.01156 Stop: 0.01608 Leverage: 3X Balance: 4% of capital
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BehDark (EN)
As you can see from the price length of Wave F from C in the rectangular box, the green zone from the previous analysis managed to push the price over 15% upward.
Bitcoin is in a bearish phase. It appears that Wave C of the bearish phase has transformed into a dimaetric.
The price is expected to bounce back from the green zone toward the upside, and then we may see the main rejection from the red box. The bullish wave we are expecting for Bitcoin corresponds to Wave D.
Letβs see whether a double bottom forms to support the price upward or not.
A daily candle close below the invalidation level will invalidate the bullish Wave D.
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From the point where we placed the red arrow on the chart, the MYX correction has begun.
The corrective phase is either an ABC pattern or a more complex structure. We are currently in Wave B of this phase. Wave B itself is an ABC, where Wave B of B formed a triangle that has now completed, and the price is currently in Wave C of B.
If the price reaches the red zone, we will look for sell/short positions.
The targets are marked on the chart.
A daily candle closing above the invalidation level will invalidate this analysis.
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BehDark (EN)
After hitting the marked supply zone, it dropped more than 25%
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BehDark (EN)
After hitting the marked supply zone, it dropped more than 37%
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BehDark (EN)
After the analysis was published from the price of 0.2244, it has dropped 45% without any pause. Wave E, which is bearish here, is a powerful wave.
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From the point where we highlighted the red arrow on the chart, the waves of the bullish phase have finished and the bearish phase has begun.
The bearish-phase pattern you see on the chart, which we have labeled, is a symmetrical formation.
The price proportions in this pattern are clearly visible, except for wave A which corresponds to the market crash and if we exclude it, the declines of each wave in this pattern range between 22% and 25%. This time as well, we expect a similar drop for wave I.
It appears that we are currently in wave I of this pattern, and we expect a rejection from the red zone downward so that wave I for Binance Coin can complete.
In the green zone, one can look for buy/long positions.
The closing of a daily candle below the invalidation level will invalidate this analysis.
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BehDark (EN)
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At much higher prices, when CZ tweeted about this coin, we stated that no bullish rally would occur. Usually, these tweets and news events when the structure is not bullish are meant to increase trading volume and fill the sell orders of major players.
It did not hit our supply zone exactly, but it has dropped more than 37% from the highest point of the previous upward move.
We expect the price to fluctuate and reach the green zone in the coming weeks
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BehDark (EN)
It was rejected from the previous analytical supply zone, which caused Bitcoin and altcoins to recover
In continuation of the previous analysis we have now analyzed Tether Dominance on the 4-hour timeframe. Now it seems it may have another drop ahead and move toward the green zone. The best area for a rejection is the red zone.
This would make Bitcoin and some altcoins more bullish.
As long as this index has not reached the green zone, look for buy/long positions.
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BehDark (EN)
As we explained in the previous analysis, the last bearish wave was the final wave of wave C, and we will have a bullish wave D. We also mentioned that if the price returns to the green box, we would be buyers, which happened with a very small deviation from the green box.
Currently, wave D still has room to develop in terms of time, so if the price returns to the upper green box area, we can buy again.
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BehDark (EN)
We have a change of view on Binance Coin.
Considering that the post-pattern move of this symmetrical pattern has been completed, meaning the key resistance was cleared in the shortest time, wave i has likely ended and this pattern is finished.
Therefore, we will look for buy/long opportunities near the nearby support levels and will no longer wait for lower support zones.
Targets are marked on the chart.
A daily candle closing below the invalidation level will invalidate this analysis.
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BehDark (EN)
After the pump and the touch of the red zone, it dumped more than 22%
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BehDark (EN)
In the end, it dropped 34%
To see our serial MORPHO analyses, tap on the replied analyses
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It seems that the STB coin is in a corrective diametric pattern, and we are currently in wave F of this diametric.
Wave F itself appears to be an ABC structure, and we are now at the end of wave B.
If a pullback forms, a long buy position can be taken at the green zone for the targets of wave B of F.
The targets are marked on the chart.
A daily candle closing below the invalidation level will invalidate this analysis.
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BehDark (EN)
It seems the pullback has reached the red supply box.
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BehDark (EN)
The pullback to the green zone has occurred.
This analysis is still valid
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These gaps are usually filled before the price makes its next move.
Letβs see what happens.
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