RhinoAkaBear

RhinoAkaBear Updated 

It was fall down below 180days support trendline and bouncing back in the channel. breakout ofndiagonal resistance bull divs ew 5th waves down ma crossover on ltf nezt resistance 147 Major resistance 148. 3 Very good RR worth to take the trade.

RhinoAkaBear Updated 

After 70 days of constant decline, the USD/JPY pair has finally managed to break the descending trendline and exit the prolonged bearish trend. At the moment, it is still unclear whether this is a long-term trend reversal or just a short-term pullback within the larger downtrend. The charts clearly show a breakout of the main descending trendline, followed by a...

RhinoAkaBear Updated 

📌BTC Market Analysis📌 Overview: The current BTC market is showing mixed signals, indicating potential for both bullish and bearish scenarios depending on key resistance and support levels. The analysis focuses on a WXY correction pattern on the larger timeframes and a potential bullish continuation on the shorter ones. Here’s a detailed breakdown of the potential...

RhinoAkaBear Updated 

Bitcoin/USD Analysis Update 🪙📉 In our previous outlook, we emphasized the importance of waiting for a clear directional move. Today, we witnessed a breakdown of the bullish trendline that had been holding for the last 24 days, signaling a potential start of a larger bearish structure. I took advantage of the initial breakdown with a quick short trade and am now...

RhinoAkaBear Updated 

Based on the current technical review and previous analyses, we observe key changes on the USD/JPY chart. After the pair broke through a key resistance level, a pullback has occurred, allowing us to identify important technical zones and opportunities for entering scalp positions. In this analysis, we consider the main aspects of this breakout, the pullback, and...

RhinoAkaBear Updated 

Currently, we are in a zone of uncertainty ⚠️. If BTC loses the blue horizontal line, it will signal a breakdown and likely lead to a drop into the 58,400 - 57,700 range 📉. 🔸 The main resistance is the light blue diagonal trendline, which has been acting as resistance since the drop from 66,100 USD. If this diagonal trendline is broken, the next target...

RhinoAkaBear Updated 

📉 BTC/USDT Daily Update 03.10.2024 📝 Market Overview 📝 Currently, Bitcoin is trading in a choppy market structure. The price has been fluctuating between a diagonal trendline, which has served as support over the past four days. Each time BTC tests this level, it faces rejection; however, the resistance is gradually diminishing due to the downward sloping...

RhinoAkaBear Updated 

📌 Trading Instrument: 📌 🔶 BTC/USDT 🔶 📝 Detailed Market Overview: 📝 Bitcoin has finally reached a key confluence zone around the 0.61-0.65 Fibonacci retracement levels. At the moment, BTC is showing signs of bearish divergence on the 1-hour timeframe, and a similar pattern is forming on the 4-hour timeframe. Such divergences are typically seen at the end of...

RhinoAkaBear

🔍 Current Market Overview: Bitcoin is approaching a critical juncture! 🔥 After the recent movements, we’ve seen a significant bounce 📈 following the completion of a 5-wave impulsive move to the downside. This has been confirmed through bullish divergences across multiple timeframes (4H, 1H, and 15M). The bounce brought us up to the 0.5 Fibonacci retracement level...

RhinoAkaBear

📈 BTC/USDT Analysis Update The market just touched the bottom, completing wave 5 🔽, but it was very short, almost truncated ✂️. A bullish divergence formed on the 1H chart 🐂📈, and we saw a nice bounce. Currently, the horizontal resistance has been reclaimed, turning it into a support flip 🔄. 💡 Target for this move should be somewhere between the 0.5 - 0.65 Fib...

RhinoAkaBear

📉 BTC/USDT Analysis Update BTC looks bearish after rejecting a major trendline with strong confluence from the 0.382 Fib level. The bounce from the bottom formed an ABC corrective wave, indicating a potential impulsive move down 📉. Likely target: 58,400 - 57,700. 🚨 Not financial advice!

RhinoAkaBear

USD/JPY Analysis Update: The market has moved slightly higher than expected, and currently, a bearish divergence appears to be forming on the 1H chart, indicating a potential pullback soon. We expect a support/resistance flip in the highlighted area on the chart, which served as resistance and now should act as support. This zone will be the entry level, with...

RhinoAkaBear

BTC has completed wave 3 of wave 1 (or wave A). Currently, it is progressing through wave 4, which typically retraces to the 0.382 - 0.5 Fibonacci levels. In this area, the hourly MA200 acts as a resistance level and a potential rejection zone. Moreover, there is a potential bearish divergence forming between wave 2 and wave 4, suggesting a likely decline after...

RhinoAkaBear

📌 Bullish Outlook: 📌 📌 Scenario 1 - 1D Timeframe: 📌 This is the only bullish scenario currently under consideration. The confirmation for this setup would be a breakout above the previous ATH (All-Time High), which stands at $73,835. Important Note: This wave represents the final leg of the entire bullish cycle. It’s characterized by increased volatility and...

RhinoAkaBear

Currently, Bitcoin is experiencing a WXY corrective pattern, characterized by prolonged ranges and frequent false breakouts. This pattern is known for trapping traders on both sides, often forming double or triple tops before final capitulation occurs. Wave Structure Overview: Wave W has completed as a sharp correction, signaling the initial downturn of the...

RhinoAkaBear

After 70 days since reaching the highest price in the last 38 years and a sharp rejection, the market continued to exhibit a strong bearish trend. However, we are beginning to see early signs of a potential reversal, and the daily bullish divergence supports the idea of a pullback and possible recovery. Nevertheless, key levels need to be broken for this scenario...

RhinoAkaBear

Gold is currently in the peak phase of a major impulsive wave within this cycle, showing no signs of weakness in the short term. The price continues to exhibit a strong upward trend, moving within a clear technical structure. It is important to note that this analysis does not focus on the specific time period but rather on the trend and cycle. This approach...

RhinoAkaBear

The chart highlights Bitcoin's movement within a well-defined channel that has been in place since March 14th, lasting 166 days. The market is approaching critical levels that could dictate the next major move. Bullish Breakout: A confirmed breakout above the green resistance line, with a sustained price above $69,690 for two to three daily closes, could lead...