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Altsignals

BITCOIN - Watch This Level 🔥This may look complicated but to simplify it: Impulse wave has 5 waves. Corrective wave has 3 waves. We can see that we are in a 5 wave impulse wave and approaching a significant level where we have multiple confluences to indicate that price may reverse. We could go on to create an ABC correction back to the channel support for another move up OR worst case scenario, we break down completely from here and go back to around the 28K level. Keeping a close eye on the ascending trendline for a break to confirm our shorts.
by Altsignals
3
CARDANO - What To Look For Cardano has recently underwent a 38% correction from the 2nd of September to the 21st of September. It appears that the correction was an ABC move. We are now seeing an impulse, ABC correction, impulse move now. There are 2 main areas we are looking for the next impulse. First area is the 78.6 fibonacci which lines up with a recent structure level. Second area is the bigger structure level at 1.90. Waiting for wave C to finish before jumping in for the next move higher.
by Altsignals
3
BITCOIN - Daily Outlook 👁Bitcoin is currently in another impulsive move higher. We can look for corrections to jump on this impulse which could potentially reach the 52K level. We're looking for a pullback to around the 38.2 fibonacci (around the 46K level) where we will be looking for reversal patterns on lower timeframe such as descending wedges or double bottoms. From the daily chart we can see that Bitcoin makes really clear corrections and impulses. Lets not miss this next move!
by Altsignals
1