✅Crypto - 2014 trendline is holding, open your eyes!
This is technical analysis; I don't care about interest rates or fundamentals! Leave this analysis if you care about wars, covid, inflation, interest rates, and so on.
95% of people will never buy at the bottom and never sell at the top.
These people will tell you we will go to 13k. When we reach 13k they will tell you we will go to 10k. When we reach 10k they will tell you we will go to 6k. When we reach 6k they will tell you we will go to 3k. When we reach 3k they will tell you they will buy at 1k and so on. These people will never buy during the bear market; they will buy at the top instead!
As you can see, the chart is extremely bullish. If you don't see it, then you are probably shorting support and longing resistance all the time.
This is really not the best time to be bearish. If we drop below the main specific support, then I will quickly switch my overview on the market. There's nothing wrong with that.
I am not a permabull or permabear. You know me well; today I can be bullish, tomorrow I will be bearish, and in two days I will be extremely bullish again.
It doesn't matter if I am wrong and Bitcoin goes to 13k. I can be right only 50% of the time with RR 1:2 to be profitable. I take swing trades with RR 1:20.
I think 2023 will be a very bullish year for the crypto market, but you need to hold good coins. Forget about ADA, SOL, XRP, DOT......These coins will pump, but not next year.
If you are bearish, tell me why in the comment section down below!
Which coin do you want me to analyze? Let me know in the comment section!
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Bullish Flag
✅LDO - This altcoin is ready to fly!
Everyone is waiting for trade setups like this! LDO is a very promising altcoin and I will tell you why in this analysis.
As you can see, the price is moving in an ascending parallel channel. This channel currently has only 3 touches, so it's brand new.
inside the parallel channel, there is a bullish flag that is currently breaking out! It's definitely a great time to buy right now!
The uptrend started with a strong impulse wave, which is a great indication of strength. Wave 2 has been completed successfully as an ABC ZigZag and we have already started a third wave to the upside!
The profit target is at 1:1 FIB extension LOG / 2.618 FIB LINEAR or the top of the parallel channel on the LOG scale.
Lido is a liquid staking solution for Ethereum. Lido lets users stake their ETH with no minimum deposits or maintaining of infrastructure - whilst participating in on-chain activities, e.g. lending, to compound returns.
If you bought this altcoin or if you want to buy this altcoin, then comment on this idea!
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✅Bitcoin - You must see this!
Bitcoin is the beast! Did you see that green dildo on DOGE? This is what is going to happen with Bitcoin, so hit the like/boost button if you want this scenario right now!
Doge is a great indicator that the bottom of Bitcoin is in and extremely bullish November starts in just 2 days.
If we maintain this parallel channel, Bitcoin could reach $23,000 USDT next week. No problem at all.
As per my Elliott Wave analysis, we have plenty of room to go to the upside because the impulsive structure is probably incomplete.
If you are bearish, comment on this idea to share your opinion!
The stock market can continue to drop while Bitcoin can go up. I don't see any issue with that. But the bottom of the stock market could be in as well.
Bitcoin may never fall below 20k again. But the price is still very cheap and very good for an investment with a great risk-to-reward ratio.
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DOGE - To the moon! Huge bull flag | +5000%
Doge is absolutely ready for a massive impulsive wave to the upside on the macro scale!
The chart is printing an impressive bullish flag on the weekly chart with an ABC ZigZag structure, which is even better.
As you know, I am very bullish on Bitcoin for the upcoming year 2023 and the BTC dominance chart indicates a juicy alt season!
As per my Elliott Wave analysis on the macro scale, we have finished a corrective ABC wave 4, and we are currently starting a final impulsive wave 5.
We don't really know what price DOGE can reach, but I expect the 0.618 FIB or the 0.764 FIB extension from Wave 3 -> Wave 4.
The average transaction fee on DOGE is currently 0.04 USD and the confirmation time is below 1 minute.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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BTC: BREAKOUT IN LTF! MIGHT GIVE A RALLY UPTO $22K!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
BTC looks bullish in LTF. Breaking out from the bull flag-like structure in 1hr time frame. If this bull flag plays out perfectly then we might see a rally up to $22k-$22.5k from here.
Invalidation level:- Any hourly candle close below $20k
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PHA - Another explosive move is possible!
This is an absolutely fantastic opportunity on PHA right here, right now!
The stop loss for this coin is very low and the profit target is very high, which provides a great risk-to-reward ratio.
The uptrend started with a strong impulse wave, which is extremely important for continuation to the upside.
The next profit target is around 1.3 USDT, but this coin can go even higher than 1.3 USDT.
The price action on PHA is extremely bullish. It looks like this is definitely not the end.
This coin has to hold the 0.18 USDT level. Otherwise, it will be dead for some time.
This is a great opportunity for swing and day-traders, because if the price goes up, then the volatility will be amazing.
Phala is a great ponzi at this moment, so maybe do your own research before putting your money into this coin. I think this pump will be very fast, so you don't want to hold this coin for weeks.
Phala Network is a privacy-preserving cloud computing service, which offers computing power comparable to existing cloud services and protects the privacy of managed programs.
Phala is also based on Substrate, and will run as a parachain of Polkadot ecosystem.
Phala provides a contract-based data exchange infrastructure for standardized data collection, analysis, and trading protocols.
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Netflix looking good, bullish break from flag formationNetflix seems to be covering one of the worst crashes of 2022. The stock has been hammered down, in my opinion extensively. The company appears to be on the verge of turnaround thanks to an increased subscriber count. From a technical perspective, we can see ok looking bull flag pattern on the daily chart. What makes stock attractive is that fundamentals are pushing the move for the stock.
GLOP trending upwards with good fundamentals behindGLOP seems to be trending upwards in overall bearish market momentum. The energy company has exceeded analyst expectations during earlier quarterly reports. We seem to be in an upward top position in the purchase flow for this particular stock. If the price stabilizes for a couple of days we may see a beautiful bull flag forming on the chart. This should be added to your watchlist for bull flag stocks with good fundamentals driving the price.
S&P500 - What if the bottom is in?
I am not saying the bottom is in, but what if the bottom is in? In this analysis, I will tell you why it is possible!
Everyone is extremely bearish on the stock market. There is a record of purchasing PUT options from retail investors and usually the majority is wrong. But in this case, the majority could be right. We don't know.
As you can see, we have a huge parallel channel on the daily chart, and I would love to see a breakout above the channel.
But from the Elliott Wave perspective, an ABC correction (ZigZag) can be considered as completed with an extended A wave. If you are an Elliott Wave trader, you see a nice impulse wave as a C wave.
If we take a look at the RSI indicator, we can see a bullish divergence on the daily timeframe. This gives us hope for at least a bullish bounce to the upside.
The 200 moving average is powerful on the weekly and daily chart. This MA is considered a strong support/resistance by huge institutions and hedge funds together with the 0.618 FIB retracement.
Interest rates are rising, which is, of course, very bad for the stock market. I know this and that's why I am not buying stocks, because I am a trader, not an investor, even though I have bitcoins for the long term.
So, has the stock market reached its bottom? I would say maybe a 30% probability.
Look at my idea about Bitcoin in the related section down below.
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Polygon MATIC - Bullish flag! A huge breakout is imminent.
Matic is preparing for a huge uptrend if the bulls break the bullish flag. It's a pretty good opportunity, so you don't want to miss it!
The bullish flag on the daily chart is supported by an ABC correction (ZigZag), so it makes the bullish flag much stronger.
Also, we have started this uptrend with a strong impulse wave, which indicates massive buying pressure from the bulls.
The next resistance is at the top of the massive parallel channel on the weekly chart. You can zoom out this chart to see this channel in all its full beauty.
I strongly recommend waiting for a breakout above the flag, because, of course, the bears can step in at the resistance of the downward trendline.
Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.
This is a pretty strong setup for the bulls. Let me know in the comment section what you think about MATIC.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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AAVE Price too BEARISHThe Aave price analysis shows a bearish trend today
The resistance for AAVE/USD is present at $73.01
Support for AAVE/USD is found at $71.33
The Aave price analysis is directing that the cryptocurrency has undergone loss once again during the last 24 hours. That is because the bears are once again powering through after a small bullish interruption. The bears have caused a decrease in the price up to the $72.25 level and have been able to retain their position as the leading party. More sellers are causing the price to downgrade further and have defeated the buyers in their attempt at revival.
The Aave prices have found some support around $71.33 but it remains to be seen if this will be enough to turn the tide in favor of the bulls. For now, the bears are in control of the Aave markets and may continue to push prices lower in the near term.
Final appraisal of the Ave price
Aave price analysis indicates that today has also seen bearish behavior. The price levels have decreased to $72.25; this is a considerable loss for the market value of cryptocurrencies. Although the bulls attempted to recover in the most recent hours, their efforts were in vain as the price fell today. Only if the support at the $71.33 level is maintained can price levels be kept stable.
Mkr bullish pennant A simple bullish pennant. Pennants and flags are so frequent in crypto and often are meaningless, but with market sentiment seemingly positive and interest in MKR picking up, I think this one deserves some attention. Hopefully Bitcoin holds above 20k or doesn't dip to far below because that would probably invalidate this
Can we expect BIG BTC moves ?Quick BTC update.
BTC is consolidating inside a channel of reviving pattern between the $18.5k-$20.5k level from the last 1 month. Currently, the price is still holding the support of the $19.2k level. I'm expecting a bounce up to $20.4k from here.
If the price close below the $19.2k level then we might see again the $18.5k level but also another scenario is to see again big mooves and end of bear market to $24k again and correction then $30k on the way up.