With this analysis I show today's initial vision of what can happen with PEPE coin(near future/january). What do my eyes see?
I see a clear 1-5 or abc pump, on the chart I marked abc and wave c shows volume loss.
What usually happens after volume loss? generally some x-abc correction risk. And as of today, the situation indicates that the correction is not over. the A movement is confirmed and there is no C movement in the correction.
I consider the situation that in 2025 btc will rise higher and then also altcoins.
When I see C WAVE then I think about buying, not before that. I can miss out if it rises earlier but I won't buy if I don't understand the price pattern and it's that simple.
MD
I see a clear 1-5 or abc pump, on the chart I marked abc and wave c shows volume loss.
What usually happens after volume loss? generally some x-abc correction risk. And as of today, the situation indicates that the correction is not over. the A movement is confirmed and there is no C movement in the correction.
I consider the situation that in 2025 btc will rise higher and then also altcoins.
When I see C WAVE then I think about buying, not before that. I can miss out if it rises earlier but I won't buy if I don't understand the price pattern and it's that simple.
MD
Trade active
BTC is doing well, Pepe's initial price pattern assumption is not set in stone.SHIB:
Trade closed: target reached
I'm not buying. I want to see green which potentially suggests more green otherwise more decline. also applies to shib coin.Anything can happen. if I agree to buy I will do a new analysis, I will not do sell trade with this coin either because I don't open them when it's already red. Just watching from the sidelines today. Good luck
Note
What's been happening here lately smells bad to me, but of course my nose could be wrong. Do your own analysis.Note
If Pepe makes another negative, I have to accept it on other coins as well. But let's see what happensNote
bitcoin needs to go up to 110k and clearly be able to hold it there, then I'll see what pepe does. will btc do that? I don't knowNote
If there are no new lows, reaching 1800 creates potential + it is a resistance area, which means that there will be no quick buying from fresh green.Note
Analysis closed, no longer valid.Note
Why is it no longer valid? needs update in waves
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.