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 $30k on the way up.
Bullish Flag
BNB Binance - Explosive move soon!
BNB proved to be the strongest high-cap altcoin, and that's why I expect an explosive move if the bulls break the major trendline!
The stock market is crashing pretty strongly, but the crypto market is extremely durable, which is awesome, isn't it?
You probably don't want to buy BNB right now, because we are very close to strong resistance and there is a chance to go lower. First we need to make a new high above 300 USDT.
The chart is printing a descending broadening wedge, a bullish pattern on the daily chart, so it's best to wait for a breakout.
The next major resistance is at the previous all-time high, which is around 692 USDT, but I believe we will go higher in the future.
According to my Elliott Wave analysis, we have started the new uptrend with a pretty strong impulse wave, which is a great sign of strength. A major ABC correction has been completed successfully as well.
The BNBBTC pair is at the new all-time high already, as I informed you in my previous analysis. Also, the BNBETH pair is very bullish.
I expect tremendous gains for selected altcoins (BEL, QNT, INJ, SUSHI). You can find them in the related section down below.
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$XRP - Another BULL FLAG consolidationHello my Fellow TraderZ,
$XRP has been the hottest coin in past few days both Technically & Fundamentally.
Today I'm going to cover on TA . Can see another BULLISH FLAG in making after price got rejected for the second time by $0.537 zone.
Not expecting a huge move Percentage-Wise but can Scalp here.
Enter only after candle closes above orange line.
CHEERS!!!
TOTAL Crypto - Are we still in a bull market?
This is a major outlook on the total crypto market cap, which is probably the most important indicator.
As you can clearly see, we are in a bull market on the weekly/monthly timeframe, but if the bulls give up, then it can turn into a 5–10 year bear market, which will be the first bear market in the history of cryptocurrencies!
Please, do not write in the comment section things about previous bear markets in 2018, 2019, and now 2022. This is nothing compared to what may come.
But nothing is lost at all, because we are holding the key market structure!
The price is above the 200 weekly moving average, which historically has never been broken. We are above the previous swing high from 2018 and this is the most important support that must hold. The 0.382 FIB + the ABC correction is another bonus.
The chart is printing a massive falling wedge/bullish flag #2. You can compare this pattern with the previous structure from 2018.
As per my Elliott Wave analysis, an ABC correction of the previous impulse wave has been completed successfully with a 0.382 FIB, which is a reasonable retracement.
If you buy Bitcoin or Ethereum right now and it fails, then it was definitely a great trade and you should be proud of it. You took the risk, you took the chance. I think this is a great lifetime opportunity.
The money printer is up and running at full speed. Inflation is very high, so it's definitely great for cryptocurrencies.
October and November are extremely bullish months for Bitcoin, so there is a great chance for a bounce!
This is my verdict. We are still in a bull market and this was just a correction. We are preparing for another bull run, so do not miss it!
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Ethereum has bottomed out! 10 000 USD next target!
There is a great chance that Ethereum has bottomed out! But first we need to break the downward sloping trendline to confirm this bias.
I am sure aggressive traders are already buying the ABC correction and the 0.618 FIB retracement, which is definitely worth the lower stop loss they have for this trade.
After the merge, the price of ETH rapidly went down, maybe just to shake out the long-term hodlers. It was a sell the news event, but maybe just in the short term.
As per my Elliott Wave analysis, the ABC correction has been completed successfully as a ZigZag (wave 2) and we are prepared for a tremendous impulse wave 3 to the upside.
However, this ABC correction can transform into an impulse wave, which will be extremely bearish and 500 USD per ETH will be very possible. But you shall not pass!
The next target is 10,000 USD for the long-term trade, but you can take profit at the next strong resistance (3580 USD) if you don't want to wait or want to allocate your money somewhere else.
The chart is printing a symmetrical pattern, but it is not the best looking one, so I drew it on canvas maybe for entertainment purposes.
You don't want to miss my previous analysis of Bitcoin! Check out the related section down below.
I expect tremendous gains for selected altcoins (QNT, BEL).
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Bitcoin - The bottom is in! Next target 300,000 USD!
Warning: This analysis may completely transform you into a super bull!
Interest rates are rising, which is bad for the stock market, but is it also bad for Bitcoin? Maybe not at all. On the other side, inflation is pretty high and the money printer is running, which is good for Bitcoin.
We have a huge falling wedge pattern on the weekly chart that is very close to a massive breakout! The upper sloping trendline is very important and can indicate the end of this bear market.
As you can see, the price is currently below the 200 weekly moving average. This particular MA is considered a strong support/resistance by huge institutions and hedge funds, but they do not see it as a level, but rather as a zone. So even if we are a little bit below the MA, it's still holding. We need to break below the previous swing low to confirm the breakout of the MA. What's more, if you take a look at the TOTAL crypto market cap chart, 200MA is above the current price, which can be a more reliable indicator.
If we take a look at the oscillators, the RSI indicator is printing a bullish divergence, which is a strong reversal signal, especially on the weekly chart. Also, the MACD indicator has a bullish tick on the histogram + bullish divergence between the swing lows as well.
We have history's highest volume, so a lot of bitcoin changes owners, which can be interpreted as a bullish signal. It's really a record volume on the Binance exchange, which is currently the biggest crypto exchange.
As per my Elliott Wave analysis, an ABC correction has been completed successfully and we can definitely start a new impulse wave to new all-time highs in the immediate short term!
On Tradeview, I post potential scenarios. Today I can post a bullish analysis and tomorrow a bearish analysis. It's up to you how you decide to trade. Usually, I do not publish trading setups publicly, only privately. I can only give you all the reasons to buy or sell a specific asset here on TradingView.
I expect tremendous gains for selected altcoins (QNT, BEL, STPT). You can find them in the related section down below.
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SCHW: Bullish flag?Charles Schwab Corporation
Short Term - We look to Buy a break of 73.58 (stop at 71.93)
The medium term bias remains bullish. Posted a bullish Flag formation. A break of 73.50 is needed to confirm the outlook. Further upside is expected. Our bias remains bullish and further upside is expected to target resistance at 78.00.
Our profit targets will be 77.91 and 82.00
Resistance: 78.00 / 85.00 / 96.00
Support: 70.00 / 60.00 / 50.00
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Bella BEL - Do not miss this altcoin!
Only 5% of people will catch this massive upcoming uptrend on BEL. Others will jump in at the top, as usual.
As you can see, we have started this brand new uptrend with a very strong impulse wave, which indicates a powerful interest from the bulls!
You want to wait for wave 2 to be finished and catch the third impulse wave, which is usually the strongest wave of all of them.
Wave 2 is represented as a bullish flag, so you can buy a breakout above this pattern for a confirmation trade, which I strongly recommend to do.
2.36 USDT is the first profit target for a quick profit, and the next target is 5.37 USDT.
The price bounced successfully from the 0.618 FIB retracement, which is another sign that the bottom could be in!
I don't know about you, but I really don't want to miss this altcoin!
Check out QNT altcoin, which offers an incredible opportunity in the immediate short-term!
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EURAUD a bull flag on the 0.618 🦐EURAUD on the 4h chart is creating a bull flag, with the price that perfectly tested with the lower spike the 0.618 Fibonacci level over a daily support.
The price has bounced over the structure and is now trading below the upper trendline and a resistance area.
How can i approach this scenario?
I will wait for the EU market open and IF the price will break the area i will look for a nice long order according to the Plancton's strategy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
IGL Long. Target 490-494.Fundamentally, this scrip is very strong and very good long term investment. Macro scenarios are in favour as energy will be in high demand in future. The October gas price review came as positive for city distribution companies, market was expecting 100% hike in LNG, but got 40%, which is good for IGL, MGL, GUJGAS.
Technically, on daily chart it made Tombstone Pattern, highly volatile signal. Expect fast movement next week. On a weekly chart it has made flag pattern and RSI has also cooled down. Expect a very big move next week on the upside. It wouldn't be a surprise if scrip achieves 25% up move in a week.
Disclaimer: This is for knowledge sharing. Consult your financial advisor before investing.
Note: RBI governor commentary is highly positive for Indian market, and in global turmoil, ENERGY and UTILITIES going to shine. This is one of the favourite pick for high returns.
Bull Flag on ATOM Until Proven OtherwiseFor me the best time to buy would have been at the 0.886 Retrace Below but i was not looking aware of ATOM being at the .886 at the time. If one wanted to be patient they could wait for ATOM to come back down to the 0.886 level and try to play some sorta Double Bottom but there's a possibility that a significant continuation up happens before it goes back down there so as a bit of an Aggressive Continuation Trade I'll be risking a bit here to try to realize a 60%-80% Gain based off what looks to be a Bull Flag in a Local Uptrend showing some Hidden Bullish Divergence.
STPT | +4000% Brutal Gains! Sleeping Giant
STPT (Standard Tokenization Protocol) is a sleeping Giant, but when wakes up it will be huge, you can be pretty sure about that!
We have been moving sideways for more than 3 years now on the weekly chart, and if we break this head and shoulders pattern, it will be tremendous!
4000% profit is a lot and I don't want to miss this altcoin, unfortunately, we can go sideways for another 1 year. So if you buy now, you can sit on the coin for a long time before it explodes.
Yes, you can buy now and tomorrow it will be +1000%, it's really possible.
Keep in mind that this is STPTBTC chart, not STPTUSDT chart. If you buy this coin, then your USDT value can go down, 50% drop is possible. You can buy this coin, if BTC hits 13k in the immediate short term.
For a confirmation trade, buy a breakout above the Head And Shoulders pattern if you don't want to wait and want to catch the momentum. But there is a chance of another rejection at the neckline, which can lead to 50% decline almost immediately.
Also, there is a local trendline that you can clearly see on the chart and if the bulls can break this trendline, then there is definitely a potential.
I think this coin is a great choice and even if you buy for only 5% - 10% of your funds, it can be a smart bet.
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Episode577 NZDJPY - Resistance Level 82.16 is an important level of NZDJPY on the daily chart; that's the support level of the Bullish Flag setup.
While some traders are non-believer of the Flag Pattern, 82.88 provide a good level for the trend traders to head in for a shorting opportunity in advance of the move.
✨Golem GLM - On fire! +2000% | Bullish flag + Huge breakout!
Golem is on fire! You really want to buy Golem right now because the bullish flag is breaking out and an ascending triangle on the GLMBTC pair also!
How can you not love the name of the coin? But you definitely will with the massive profits!
As per my Elliott Wave analysis, we are prepared for the third impulse wave to the upside. The third wave is usually the strongest, so you don't want to miss it.
The ABC correction has been completed, and we are forming a bullish flag pattern that is currently breaking out. You often find ZigZags corrections in bullish flags.
1:1 FIB extension is the next profit target (wave 3).
Look at my idea about the GLMBTC pair in the related section down below.
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Ripple XRP - Bull trap! Don't fall for this pump, important!
This pump on XRP is a bull trap to wipe out short traders before we continue lower to 0.1-0.2 USDT. Of course, you can trade XRP on the 1h chart and profit from this pump, but this analysis is on the 3D chart.
There is still room to go to the upside, so for short-term traders it's definitely an opportunity, but it's very dangerous in my opinion because this correction might already be complete.
The Bears have a fantastic opportunity to enter a short position at the top of the parallel channel + the POC of the previous symmetrical triangle. It is a common thing to re-test the symmetrical triangle at the apex point.
The trend is still very bearish on the higher timeframes, so this is just a temporary uptrend, which I would never long, because the trend is your friend. I don't know, maybe it is.
XRP has been in a bear market since 2017. It has been 5 years and we didn't even hit a new all-time high during the 2020–2021 bull market.
We have strong support at 0.1 USDT, where we can also take stop losses below this swing low before continuing higher.
As per my Elliott Wave analysis, this whole structure is totally incomplete and I am missing an impulse wave dawnward.
But after all, I think XRP will experience a massive bull market, maybe in 2023-2025, to new all-time highs because it looks very solid on the monthly scale.
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