$BTC - March 2023 #Bitcoin Analysis UpdateHere's an updated count. One thing I'd like to draw attention to is the non-stop increasing volume you can see on this move.
While it is possible to see wave 5s have more volume than wave 3, It is not a likely occurrence; plus RSI has already been divergent for a while.
This whole move above 19k could be the whole of wave 3, and wave 5 could take us well into the box above (which would increase the likelihood that this is a new impulse, and not the C wave of a nasty flat.).
A break above the 1.618 (green fib extension on the chart) is necessary for this to happen.
Fssindicator
$BGB - Bitget's flagship coin. This is Bitget's platform token. I've been looking at this chart for a few days and could clearly see the retrace wasn't over.
The volume started to pick back up again early 2023 to form an impulse. Where this is situated in the grand scheme of things, only time will tell, but this structure most certainly needs a wave 5. Unless this is nothing more than an ABC with higher than average volume. I believe a break below 0.238 would confirm the corrective conclusion.
Please notice the Shallow retrace of (2) on the chart. This is what allowed me to suspect a deeper correction in this wave (4) we are currently in. I'm expecting for us to test the 33 cent mark rather soon.
Safe Trades to all!
SPX500 - Just finishing its WXY... slowly. The waves are just beautiful even in this correction. Impulses and corrections are clear.
I have relatively high confidence we'll be heading into the last portion of this double ZigZag after a slight upwards correction to kiss the Trendline and/or the golden pocket of the last structure.
We're seeing considerable volume in this Y Wave . I'm hoping that will lead to a wick down to end it and a quick and heavy bounce of the support I'm seeing around 32xx .
No signals printed on the FSS Screener is probably normal at this point. But I'd expect to see a few printing as we bounce off that trend line.
$WIN - Rounded bottom pattern
The rounded bottom is clear and this is a good spot to fill up on spot bags for the long term. I don't foresee another 90% drop in value from here! Time will tell whether this too is accurate, but I'm hoping to have an FSS Print on this timeframe. The ABC (C diagonal in particular) took a crazy long time to play out.
My past analyses of this coin have been nowhere near accurate. I had failed to recognize the ongoing bear market signs. hopefully I can make amends with this EW count, so we can all catch the next 2000% move, if it ever comes!
Safe trades to you all. Make sure to check the related ideas as well.
$NEAR - A few key areas to buy/sell. Long term bullish on this coin for my part. However, all are subject to corrections, near is no different.
I seen a lot of pennant drawings on CT in early Feb, but none of the breakouts really bore fruit.
The way I see it now is all this fuss was a huge flat+ low volume 5th, aimed at trapping as many bullish traders as possible before dipping down for what I predict to be a very deep ZigZag correction well under $2.00.
I do, however, expect a significant B correction to the upside in the neighborhood of .5 fib correction vs A.
This setup could take us well into April with a bounce in the $1.55 area.
RUNE - Are your bags full ? RUNE Weekly here. (linear).
Clear bottoming pattern is forming and we're in the final stages of the WXY correction (finishing up the 5th wave of C of Y). I'm really excited about this chart and have been for sometime. The last time I added to my bags was around 1.19. If we make a new low, which is about 50/50 right now, I will add more without hesitation.
Once my FSS indicator prints a buy signal, I will also buy adding to my position. After 3 consecutive Sell signals on the 3D, I am anxiously awaiting for it to go green.
$BTC.D - Dominance has been clear for a while now... Triple top, channel breakdown. This mini alt season was in the cards as per my previous analyses. Eventually we will find a bottom and I will be updating this Idea further down the road when I think that will happen.
Safe trades to all. Take profits, protect your capital ;)
$SAND - Correction most likely over. So we got us an ugly flat correction. I say ugly because it barely qualifies as a flat in that B barely retraces above the 618 fib, which is a major guideline.
Anyhoo! I do have wave 5 for this coin hitting 12$ with ease. In the case that the correction isn't done (nothing TA is 100%), that target will need to be re-evaluated.
if you have any questions/comments/suggestions, please feel free to leave them in the comment section.
Trade safe!
$ANKR - Stunningly beautiful chart. Almost a textbook flat. As per our last ANKR analysis in the beginning of December, this is playing out beautifully.
There is a strong argument for 5 subwaves ending in late March, and that this flat is the wave 2 correction. I probably won't need to tell you this seems to be almost done correction.
The ending of this wave could be a bit tricky and depends on how Bitcoin is going to react to technicals and the traditional markets.
Long term DCA season is very close. Trade Safe.
$ADA - The pain isn't over lads. As for the actual TA. BTC dominance is still strong. I see 5 clear impulse waves up. The cycle seems over for now and this feels a lot like the A of a flat about to finish. But we still need to go lower to fetch some divergences on lower timeframes. Cryptoheat's Stochastics MTF is printing a big time Daily FakeUP (yellow arrow on the bottom) and I do expect it to reclaim what its owed before long.
I will be waiting for a 12H or Daily Buy signal to buy here. For now shorts seem like the logical path.
My First Idea with the Indicator FSS - Floki's Secret Sauce on the chart. Seems to do pretty well on this chart on the daily timeframe.
Safe trading to all!