BITCOIN - Double Top Scenario 🤔One way to make sure that we catch the big moves in the market is to prepare for all the possible scenarios.
Here we have the double top scenario where we could be seeing an ABC correction now with a push up to the 50K-52K level before getting a deeper correction.
Comment below to share your thoughts on this scenario!
Altsignals
DOGECOIN - Watching 61.8 Fibonacci Closely! 👁From the triple bottom in July, price pushed up by over 100%. It's only natural that price corrects before making its next move.
We have a really clean structure, which falls in line with the 61.8 fibonacci which alot of people are using to mark out the next swing point.
Watch for corrective price action back to the 0.23 level and enter once you see bullish price action.
Bitcoin Cash - Roll Over To the Downside! ↓Bitcoin Cash was in an uptrend until recently when we broke the ascending trendline. We have now retested the back of that trendline and in an ascending correction.
We're watching for that to break to take BCH down to atleast the $540-$560 level.
Shorts will be invalidated if we push above the $710 level.
Bitcoin Cash - Roll Over To the Downside! ↓Bitcoin Cash was in an uptrend until recently when we broke the ascending trendline. We have now retested the back of that trendline and in an ascending correction.
We're watching for that to break to take BCH down to atleast the $540-$560 level.
Shorts will be invalidated if we push above the $710 level.
SOL - Key Levels To Watch 🔎SOLUSDT has been one of the best performers in the recent bullrun with gains of over 200% since late July.
We are seeing a correction now which gives us a chance to get in on the next big move up.
The ideal place evidently looks to be the $58 level where we have trendline and structure convergence. If we get buying pressure around that area, we could get another big move!
If we break below, we can watch the lower structure levels for buying pressure.
SOL - Key Levels To Watch 🔎SOLUSDT has been one of the best performers in the recent bullrun with gains of over 200% since late July.
We are seeing a correction now which gives us a chance to get in on the next big move up.
The ideal place evidently looks to be the $58 level where we have trendline and structure convergence. If we get buying pressure around that area, we could get another big move!
If we break below, we can watch the lower structure levels for buying pressure.
DOT - 50% Raw Gain ✅ Whats Next??The last time we posted the Dot analysis, we were looking to buy around the $19 level with targets being the major structure. Price retested our level perfectly and also hit our targets nicely!
We are now back to the trendline where there's a decision ahead. We either push up and break the major structure and then carry on higher or we break the trendline and go back to one of the structure levels.
Bullish Set up:
Wait for the major structure to break and get in on the retest
Bearish Set up:
Wait for ascending trendline to break and watch for bear flags to enter.
DOT - 50% Raw Gain ✅ Whats Next??The last time we posted the Dot analysis, we were looking to buy around the $19 level with targets being the major structure. Price retested our level perfectly and also hit our targets nicely!
We are now back to the trendline where there's a decision ahead. We either push up and break the major structure and then carry on higher or we break the trendline and go back to one of the structure levels.
Bullish Set up:
Wait for the major structure to break and get in on the retest
Bearish Set up:
Wait for ascending trendline to break and watch for bear flags to enter.
LITECOIN - Capitalise On This Short Term Reversal 👀Litecoin has been steadily moving up until recently when we saw an ascending correction, which indicated bears coming in. The only thing holding Litecoin up now is the ascending trendline.
We are now seeing a double top on the lower timeframe which could indicate a short term reversal back to the $150 level or maybe even lower to the $110 level.
Watch for the ascending trendline to break to confirm bearishness. If we bounce from the trendline, targets will be the next structure level at $215 level.
ETHEREUM - Are We Bearish? 🩸In our last Ethereum analysis, we identified the ascending correction (red trendlines). Price broke down out of that ascending correction and broke the major ascending trendline (black). We are now possibly seeing a retest of the ascending trendline and a double top, indicating further weakness. We could potentially go back down to test one of the structures where we can look for buys.
Brief retracement - $2900 level
Deeper retracement - $2400 level
ETHEREUM - Are We Bearish? 🩸In our last Ethereum analysis, we identified the ascending correction (red trendlines). Price broke down out of that ascending correction and broke the major ascending trendline (black). We are now possibly seeing a retest of the ascending trendline and a double top, indicating further weakness. We could potentially go back down to test one of the structures where we can look for buys.
Brief retracement - $2900 level
Deeper retracement - $2400 level
CARDANO - All Time Highs Target Smashed! What's Next? 💪🏼Cardano has been one of the most impressive cryptocurrencies this recent bull run. We posted a perfect set up when price was at around the 1.26 level. Price moved up over 100%!
We now have 2 areas where we can continue with this bullish momentum.
First area is the 2.20 level where we have previous structure which we can react to. Best possible place would be where the trendline and structure converge but as we previously have mentioned, even one of these confirmations will be valid.
Second area is the 1.86 level where we have another structure level. If we get an aggressive deeper correction, this would be the best place to look for buys.
**Bullish view will be invalidated if we break the ascending trendline**
CARDANO - All Time Highs Target Smashed! What's Next? 💪🏼Cardano has been one of the most impressive cryptocurrencies this recent bull run. We posted a perfect set up when price was at around the 1.26 level. Price moved up over 100%!
We now have 2 areas where we can continue with this bullish momentum.
First area is the 2.20 level where we have previous structure which we can react to. Best possible place would be where the trendline and structure converge but as we previously have mentioned, even one of these confirmations will be valid.
Second area is the 1.86 level where we have another structure level. If we get an aggressive deeper correction, this would be the best place to look for buys.
**Bullish view will be invalidated if we break the ascending trendline**
LITECOIN - Capitalise On This Short Term Reversal 👀Litecoin has been steadily moving up until recently when we saw an ascending correction, which indicated bears coming in. The only thing holding Litecoin up now is the ascending trendline.
We are now seeing a double top on the lower timeframe which could indicate a short term reversal back to the $150 level or maybe even lower to the $110 level.
Watch for the ascending trendline to break to confirm bearishness. If we bounce from the trendline, targets will be the next structure level at $215 level.
LITECOIN - Capitalise On This Short Term Reversal 👀Litecoin has been steadily moving up until recently when we saw an ascending correction, which indicated bears coming in. The only thing holding Litecoin up now is the ascending trendline.
We are now seeing a double top on the lower timeframe which could indicate a short term reversal back to the $150 level or maybe even lower to the $110 level.
Watch for the ascending trendline to break to confirm bearishness. If we bounce from the trendline, targets will be the next structure level at $215 level.
BITCOIN - Best Place To Buy and HODL! 🚀Bitcoin has been making really clear patterns on the daily timeframe which can help us understand where price may be going next.
By looking at price action from this year, we can see that price did not just go from 30K to to 64K in one single move. We had various patterns and corrective phases which gave us plenty of opportunities to catch the move all the way up to 64K.
Similarly in this recent bull run, we won't see a simple move straight back up to all time highs. Price will make various corrections on the way up. What we can do is capitalise on each correction by identifying these corrections and readying ourselves for the next big move!
Price appears to be in an ascending correction which is often a reversal pattern (even for the short term). If we do break down, we will be looking at the 42K and 36K levels to buy and HODL back up to the all time highs!
BITCOIN - Best Place To Buy and HODL! 🚀Bitcoin has been making really clear patterns on the daily timeframe which can help us understand where price may be going next.
By looking at price action from this year, we can see that price did not just go from 30K to to 64K in one single move. We had various patterns and corrective phases which gave us plenty of opportunities to catch the move all the way up to 64K.
Similarly in this recent bull run, we won't see a simple move straight back up to all time highs. Price will make various corrections on the way up. What we can do is capitalise on each correction by identifying these corrections and readying ourselves for the next big move!
Price appears to be in an ascending correction which is often a reversal pattern (even for the short term). If we do break down, we will be looking at the 42K and 36K levels to buy and HODL back up to the all time highs!