Ethereum – when to buy?Hello, everyone!
I ususally make an articles only about the Bitcoin because it’s the cryptomarket’s father. But today I decided to review altcoins because they can demonstrate more significant gains. Today I am going to talk about Ethereum.
ETH demonstrated strength against BTC and most of treders now are interested in it. Ethereum is copying the Bitcoin’s waves structure, but has more impusive wave 4. It means that wave 5 could be not so deep as we can suppose. I think the wave 4 is finished and while the wave 5 on the Bitcoin have almost hit the lowest low in this cycle, ETH is staying much higher.
If we take a look globally the wave 4 have not even reach the Fibonacci golden pocket, just 0.38 – the ordinary wave 4 correction. Look at the awesome oscillator. Waves 1 and 3 have almost one value – it means that these 2 waves have the same power. Wave 5 should not be so poweful. It can be even trimmed. We have to watch carefully on the daily timeframe also and not to miss the bottom. I will tell you when Ethereum form the bottom in my interpretation.
Good luck!
Bill Williams Indicators
Bitcoin – last bearish impulse!Hello, everyone!
I am so excited because Bitcoin is showing us the last wave into this annoying bear market. I have already started to buy BTC and altcoins and prepaired my bag to go almost all in very soon.
Let’s take a look at the 4h timeframe BTCUSDT chart of the WhiteBit exchange. After flashing the insane short signal at $24500 the wave 4 was finished. It was represented as the ABC correction. Now I am waiting for the last wave 5. I think that subwave 1 inside wave 5 have benn already formed. Now it’s time for wave 2 which will reach $21500. The overall anticipated structure of wave 5 is the terminal diagonal triangle – the only one formation where the wave 3 is not the longest one and wave 4 can overlap wave 1. The previous global wave 3 was too impulsive, after such huge waves final wave 5 is the trimmed which I am waiting for.
Be patient – bull market will start soon!
Good luck!
Short ABT @ 107.45 Breakout FractalABT just closed below its last bearish fractal of 107.55, and after having wandered around the balance line june 28th.
This falls in line with an apparent rejection of the balance line on the weekly, so we have the current price below both the daily and weekly balance lines.
Weekly showed its first read bar on the weekly today, so everything about it looks like a good bearish opportunity.
However, no one know where the market is headed so as always, stop loss is a close above the daily balance line, and target, whenever the trend ends, also signaled by closing above the daily balance line.
Cisco Systems Inc. - potential setupsNASDAQ:CSCO
The shares of Cisco Systems Inc., the largest manufacturer and network equipment supplier for large holdings and telecommunications companies, are correcting around 46.00.
On the daily chart, trading is observed in the global downward channel with dynamic boundaries 36.00–46.00, and the price is currently testing its resistance line.
The four-hour chart shows that the quotes have overcome the initial Fibonacci 23.6% retracement at 46.00, coinciding with the end of the price gap from May 19, which has not yet been closed. Given the current trend, the price may reach the beginning of this gap at around 47.80 already this week.
Technical indicators keep a stable buy signal: indicator Alligator’s EMA oscillation range expands upwards, and the histogram of the AO oscillator forms upward bars in the buying zone.
Trading tips
🟢 Long positions may be opened after the price rises and consolidates above 47.80 with the target at 52.40. Stop loss — 46.00. Implementation period: 7 days or more.
🔴 Short positions may be opened after a reversal, reduction, and consolidation of the price below 46.30 with the target at 43.00. Stop loss — 48.00.
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⚠️ Important Notes:
1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️
2. Timeframes: up to 1D
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Bitcoin – Elliott wave analysisHello, everyone!
Bitcoin has not reached our target for the insane short setup, but I closed today all speculative longs. Have only tradevesting part of deposit. I remembered the Elliott wave’s analysis and decided to refresh it today.
On the 1D timeframe of the BTCUSDT chart of the WhiteBit exchange we can see the anticipated 12345 Elliott wave’s formation. We have short waves 1 and 2, super impulsive wave 3. I can understand it because of the minimal AO and Acceleration values. The current upward trend channel is very boring – this is the typical wave 4. We can see Bitcoin reached 3 times the 0.23 Fibonacci level, but was unable to break it through. The minimal correction target reached.
Moreover if we take a look at the Williams alligator of the 1W timeframe. The price corrected exactly to the green line in got a rejection. It’s maximum target is the red line, but I don’t think the price have enough strength to do it. Also I want the bring to your attention the key fractal level. Bitcoin was also unable to close above it – extreme weakness. Thus according to trading chaos method there are no reasons to grow above the current price and the wave 5 can start right now. If you read my articles you have already known that the divergence with AO and Acceleration is the top-1 signal that the trend is over. I try to be patient and follow my main analysis, but to be honest sometimes it is very difficult because of emotions.
Good luck!
Bitcoin – the bottom target revealed!Hello, everyone!
Yesterday I told you that the boring downside move is going to happen. I think it has started yet. Bitcoin still did not break down the key support. In case of breakdown we can point out the global bottom target.
On the 1D timeframe of the BTCUSDT chart we can build the Fibonacci levels. The price hit exactly the 0.5 level and got a rejection. In case of trend continuation according to Fib Div strategy the zone 27 is the last target. Now it is located at $13-15k. To finish the downtrend market have to draw wave 5, which usually corresponds with the clear divergence. Technically we have this divergence with the wave which ended at $17.5k, but it’s too weak, moreover the zero line crossover is minimal. The current wave is more likely the wave 4, thus we will see the wave 5, clear divergence and the new lower low.
Good luck!
Bitcoin – liquidity collection will cause the crashHello, everyone!
Yesterday’s the most probable scenario, on which I put my money is playing out right now. The price showed another one local leg up to the upside, after that we saw the bearish reaction. Today Bitcoin is confirming my concerns about the potential price dump.
Let’s take a look at the 1D timeframe of the BTCUSDT chart of the WhiteBit exchange. The price reached the lips of the weekly Williams Alligator indicator. If my assumption about the last wave 5 is true we have to see the dump from current prices with the low probability of the pump to red line, but the dump is imminent. The downtrend can be over only after the 5-wave Elliott cycle with the obligatory divergence creation between wave 3 and 5, we still have not seen it.
Also I want to you to notice the liquidity zones. The market maker tends to collect the liquidity with the minimum effort. We can see that liquidity of all short traders have been already collected. The parabolic growth which we saw last month created a lot of uncollected liquidity of long traders. In my opinion the most logical action of MM now is to initiate the dump below $17k to pick up all this stop losses with the rapid recovery after that.
Good luck!
Bitcoin – crash after short squeeze Hello, everyone!
Bitcoin continues to show the weakness of the current uptrend, but I can see that a lot of shorts have been executed. I suppose we have to see another one final local pump to liquidate all these positions. Moreover the Elliott waves analysis approach tells us the exact target for the potential short trade.
Let’s take a look at the 4h timeframe of the BTCUSDT chart on the WhiteBit exchange. The local parabolic growth is the my favorite formation because it is the 100% sign of the wave 3. What should we do when we see the wave 3 – the correct answer is to wait for the wave 5 end to execute the short trade at the top. Our strongest tool in wave 5 defining is the Awesome oscillator divergence. We can see this potential divergence. The 0.618 Fibonacci extension level shows us the potential wave 5 target – $25k. The price will reach it within couple of days after that the abc correction is anticipated.
I want you also to take a look at the 4h fractal key level = $21400. This is the uptrend protection level at this moment. If we will not see the $25k in the next two days. We can wait this levels to open long position. This is my plan – open short at $25k or/and open long at $21400.
Good luck!
Bitcoin – time to dump!Hello, everyone!
Yesterday I sold half of my Bitcoins. Now I have only 10% of the deposit in BTC according to my tradevesting approach. I think that we will see lower prices, let’s try to explain why.
Let’s take a look at the BTCUSDT chart of the WhiteBit exchange. I marked the liquidity zones with the red and green color. We can see that last couple of days the Bitcoin have been collecting liquidity above the daily fractal level. Now there are no reasons anymore to grow. If we will see the more pump only to collect liquidity at the $32k. This is the reason why I have 10% of deposit in BTC now, because nobody can know where the price will be in the future.
Another one bearish sign is the lack of supply bar which was formed yesterday. It is the bearish hammer candle with the relatively low volume.
Also we have one insufficient bullish sign. The Williams alligator turned to the bullish state, but it has not make sense in it’s own. This indicator works nice only with the Elliott wave counting, but there wave 5 is absent. Because I am not a guru of Elliott waves, I will buy Bitcoin at the red (balance) line of the alligator, but my main scenario is the collecting liquidity below $17k.
Good luck!
Bullish Sign ?Yo Guyzzz..
think this Matrx oscillator is tellng us something !!
In my opinion, this could be a sign of an upswing, wt do u think ??
I think this is a valuable sign even though this is the weekly chart..
It would be great to write me your opinion about BTC coming weeks stats....
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Bitcoin – eyes on this key level!Hello, everyone!
Bitcoin continues sideways with the multiple short squeezes. Will it finally go to the downside to $15k or we will see the bounce? Let’s look in details!
Let’s take a look at the BTCUSDT chart of the WhiteBIT exchange. I applied the Williams fractals indicator to the chart and marked the key fractal. This fractal defends the downtrend on the 4h timeframe. it’s breakout (with the obligatory candle close) will lead to local trend change to the uptrend. In case of successful breakout I anticipate also the trendline resistance breakout. It means that the huge triangle will be broken to the upside with the final target of $25k.
We can see that this key level is associated with the multiple rejections to the downside. If we will see another one rejection, there is a high probability to see the trendline support breakdown with the $15 final target reaching.
Now I have only the tradevestment part of deposit in Bitcoin, it’s approximately 20% with the average price $20500. The plan is following: if we will see the key level breakout I am going to open the speculative longs and close all position including this 20% at the $25k. The breakdown to the downside is more profitable for me. In this case I will buy Bitcoin below $17k for the 50% of deposit and close at $29k.
Good luck!
EURUSD UpdateI mentioned earlier that I missed my entry this morning, but this is how my trade would be progressing. This is the "trend mode" setup to my automated strategy I'm working on, I rely on the alligator as well as a slow and fast ma with dynamic profit targets (in pips) projected below the fast average. Entry comes when price is within 20 pips of the jaw line. In short positions take profit automatically if price closes the above the fast ma or if price touches the lowest profit target. This looks like yet another 60-70 pip win, which would have made close to 200 on the week. This strategy is really promising.
Long JNJ @ 180.81: Fractal breakoutThis was initially a short position. Both daily and weekly alligators have been asleep and wandering aroung the balance line for some time.
The short position was closed and reversed today to the long side @ 180.81 after breaching the last upside fractal of 179.45.
Adding on if price reaches the weekly fractal of 181.74.
Both stop loss and target is whenever price closes below the daily BL.
BTCUSDT STRONG BEARISH MOMENTUN UPDATE BTCUSDT weekly momentum is still bearish .The price reached the target zone 22500-24000 as said 2 weeks ago , if BTCUSDT break below 22k then the next price level is the 0.786 fib . I added GATOR & ALLIGATOR indicator to confirm the strong bearish momentum (the Gator is eating and expanding).Weekly still bearish until the Gator in sated phase
Invalid if price breaks 34243
Good LUck
#EURUSD it's possible to buy#EURUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.03361
Next Zone area & horizontal swing Low support
1st Resistance
1.08609
Zone area & horizontal swing high resistance
$eRSDL - William's_R_ovrsld_long_1hr - Price seems to have cooled enough from the weekend pump to start adding more. NA markets open for the week in an hour. FA remains strong. William's %R is oversold. Potential bounce here if volume picks up. Set alerts, DCA.
Call/limit order filled: 0.01245
tp_01: 0.01562
tp_02: 0.01870
stop: 0.01091
Never margin trade. Go well
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You Cannot Ignore This Signal For Market BottomHi friends hope you are well and welcome to the new update on Bitcoin.
Bitcoin's history shows that, whenever it breaks down the weekly Ichimoku cloud then from between the cloud and the weekly 200 simple moving average, it starts the next mega bull run.
But this time there are two major supports that are not letting Bitcoin to test the weekly 200 SMA after breaking down the Ichimoku cloud. Now another indicator is signaling a major Bitcoin bottom, while it BTC at the support of wedge.