Sunday Notes, May 29

As I wrote in previous post: "Based on the structure of the upward correction from recent lows, I suspect larger correction is not over and we can expect possible breaks below recent bottoms both in BTC and ETH".

Unfortunately that turned to be right (at least with ETH). 

ETH failed to stay above previous low and is more likely to continue down to mentioned lower level targets 1,453/57 and below that to 1,050<>874.

BTC for the moment is still above it's recent low 26,591 but as I said before I'm not impressed with the structure of the move from that low onward. It looks more of a correction than to a reversal, so it's more probable to expect continuation down. A break below 26,591 to confirm that that will open targets at 25931<>24,588 below that to 14,835.

On the flip side "Break above first 52,773 and then 59,891 is the first indication of a possible continuation of the uptrend to new time highs, but just after a break above 68, 958 will be a confirmation".

GOLD

Gold down to 1,663 to possibly 1,405.

CRUDE

down to min 90.55 below that 76.56<>62.57

Break above 135.84 to confirm up to 168. 

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DISCLAIMER:
Trading involves high degree of risk! Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
© Copyright Dejan Iliev 2022

Sunday Notes (14 May 2022)

BTC and ETH right on the target (see post from Dec, 26 2021) with ETH overshooting a bit below forecasted target so it opened a possibility for 1,476<>1,453. 

BTC still needs to stay above 26,403<>24,800 and fail to do will indicate weakness and open next level targets down as a possibility. 

So we still need a strong bounce of this latest lows to have just an indication of possible bottom and end of the larger correction from previous all time high tops.

Based on the structure of the upward correction from recent lows, I suspect larger correction is not over and we can expect possible breaks below recent bottoms both in BTC and ETH.

BTC

if it stays above 26,591 short term it's min targets up are first 34,505<>36,590<>38,126 and 42,775 later, but after a small correction more probably up to 47,774<>52,773.

Break above first 52,773 and then 59,891 is the first indication of a possible continuation of the uptrend to new time highs, but just after a break above 68, 958 will be a confirmation.

Break below 26,591 negates this and opens lover level targets.

ETH

if stays above 1,763 bottom, min targets up would be 2,495<>2,948 and break above first 3,680 and then 4,201 first indication of a continuation up, but just a break above 4,864.90 is a confirmation to that.

Break below 1,763 will negate this and opens lower level targets 1,476<>1,453.

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DISCLAIMER:
Trading involves high degree of risk! Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
© Copyright Dejan Iliev 2022

Sunday Notes (14 March 2022)

ETH and BTC about to hit previously stated targets down (updated targets for ETH 1,865.80 to 1,843 and BTC 30,886 to 26,403)

Both finished second legs (up) much lower and earlier then projected, indicating weakness.

Still, a fall below 2,160.60 in ETH and 32,937 in BTC to confirm this.

Break above 3,288.5 in ETH and 43,222 in BTC to confirm previous targets for the finishing of the second leg of the correction down (wave b on the BTC chart image from few posts back).

Strong bounce of the mentioned targets to end this correction down would be a good indication of the most probable continuation of the uptrend in this crypto currencies and a definite break above 4,864.90 in ETH and 68,958 in BTC would be considered a confirmation for the continuation of the uptrend which would be a min 1.6 x the length of the first wave projected from the bottom of the second wave (the end of the correction, possibly in the mentioned targets). For ETH that would be a min. of 9,715 but more probably to 14,566 to 19,418 and for BTC a min. of 137,816 but more probably 206,674 to 275,532.

BUT! Mind that we still need first a solid finish of the correction and confirmation with the breaks of the previous all time tops. 

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DISCLAIMER:
Trading involves high degree of risk! Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
© Copyright Dejan Iliev 2022

Sunday Notes

Crude Oil

Crude is in correction down to first 84.65 and then 71.80 before it continues up above 147.

ETH

As I wrote previously ETH is in a bigger correction down to most probably 1,863<>1,633 and the moment is to finish second leg in the zone of 3,434/3,513/3,832.

BTC

The move is to finish second leg of the correction in the zone of 47,387/50,913/55,397 to continue down to the zone of 29,221<>26,393.

In my focus

Cardano and Solana are in my focus.

if ADA stays above 0.68 and breaks above 1.35<>1.37 it could be a good indication for possible break above all time high at 3.101

SOL is something to consider seriously but it should stay above 56.115 to justify and only a break above first 220 and than 260 to confirm.

  

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DISCLAIMER:
Trading involves high degree of risk! Past results are not indicative of future returns. idejan assumes no responsibilities for your trading and investment results. All published here is for educational purposes only and should not be construed as investment advice. I tend to obtain Information from sources believed to be reliable, but I do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the information published here is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.
© Copyright Dejan Iliev 2022