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Thecryptofoundry

$BTC.D - Oups, trouble on the horizon.This is not FUD, this is a technical divergence on a high time frame that should result in a good chunk of the $TOTAL Market cap to shrink by a good margin. De-risking and shorting are encouraged right now. I also added the Chaiken Money Flow Indicator on the bottom for extra confluence. Alts will suffer (there will be exceptions). And I am unclear as to where Bitcoin will go, but I'm guessing it will try and retest at 45-46k. Trade safe and have fun!
CRYPTOCAP:BTC.DShort
by FlokiCrypto
2
$SAND - A bullish coin, but the correction probably isn't done..On thing I've learned in my time in this space is that corrections often take a lot more time than we expect... I see a lot of coins being in wave A down at the moment, whether or not A is done is to be seen, but with Bitcoin again struggling to retake 52k, we need to contemplate the downside. There are a lot of decent supports below the current price level and I'm convinced we'll find a bottom at one of them. Happy and safe trading...
by FlokiCrypto
$ANKR - Flat season is upon us... This is the most bearish count I could find on $ANKR. The point of this exercise is to see how much pain this coin can sustain. And while there is a case for the coin going below $0.05, I don't think we're at that point yet. On high timeframes, this coin is printing a beautiful flat. It can certainly break out of that pattern, but this would require some extremely bullish movement. With Bitcoin battling to reclaim 52k, I don't think this is possible right now. Happy and safe trading to all.
by FlokiCrypto
$BTC.D showing strength in $ALTs. $BTC.D - Back tracking to early/mid November when the 4H support was flipped to resistance. This was a clear indication to me that we were going to see some bullish momentum accumulate for the end of this month. We've seen some nice alt pumps since then. $GALA, $BAT & $LUNA leading the way in front of $SAND, $ANKR & $MANA over the past week have all made 15%+ gains. I see this continuing for at least another week. This does not mean YOUR coin will moon. It means that on average, $ALTS will outperform $BTC in this stretch. I've been counting waves on $BTC.D since early this year and the story has played out mostly the way we've been reading it. Trade safe, don't FOMO and don't overtrade.
CRYPTOCAP:BTC.D
by FlokiCrypto
$TOTAL Market Cap - Here we are in wave 5. TOTAL MARKET CAP - Well guys, we are now OFFICIALLY (but we've sort of known for a while) in the last phase of this bull market. Waves are clear on the weekly chart and this upwards move is done on lower volume, indicative of a wave 5 push. Now as for total market cap, I do expect us to reach 4T this time around.The move upwards should be sharp, and flip side correction should also be sharp. Trade safe and take profits, this won't last forever :)
CRYPTOCAP:TOTALLong
by FlokiCrypto
$COMP - Throwing us through a loop. $COMP - This one is a bit of a conundrum. Stuck around or under the .618 fib since the end of September. I think it could easily reverse here and hit $365 with ease. However, stucturally speaking with EWs, it needs to print a new low to complete its ABC. The alt count has the ABC done on October 12th, with wave 3 starting with an unfinished leading diagonal (this alt count is not on the chart.) I see a great push on this coin in the mid term, regardless of what happens in the next few days. We just need to nail the bottom fam. Happy and safe trading to everyone.
Long
by FlokiCrypto
$ONE - Still got some room to push up. $ONE - Making beautiful waves. Lots of substructures to look at. From an EW standpoint, it is printing textbook impulses and corrections. I love charting this coin and I regret not trading it each time I come back to it. So here we have ONE making subwave 5 of 3 of 5 of 5 :) Easy right? I will be looking to long the last bullish waves of this structure when (4) hits. I'll let you look up the targets. I picture the substructure to dip from about 0.34$ to 0.35$ with the final targets being around 0.40$ conservatively on the next push up.
Long
by FlokiCrypto
$BTC.D - According to plan$BTC.D - Following our previously establish HTF plan perfectly. Some coins may moon as we make our way down this 5th wave, but I'm expecting more consistent moves in general. Once BTC finds its bottom and goes sideways for a few days/weeks, I expect the big moves to come before long. We are now in a HTF 3rd of 5th wave, so the interesting moves are very close. Long term, I do expect Bitcoin to steadily lose dominance and we will see it settle below 30% at some point and never look back. Happy and safe trading to everyone.
CRYPTOCAP:BTC.DLong
by FlokiCrypto
$BTC.D - My take for the near futureI've been looking at a lot of Dominance charts in the past week, but in the end, I keep coming back to this count because its the most likely from an Elliott Wave Theory standpoint. At this point I'm not ruling out another subwave upwards to hit the .786 fib retracement at around 47.15%. But I truly believe we're heading into another alt season that should melt some faces from here until Christmas. Short term, if Bitcoin can slowly print its triangle (4th wave), I think it will give a nice boost to alts. This should happen this week. Lets see what happens folks! Trade safe.
CRYPTOCAP:BTC.D
by FlokiCrypto
3
$BTC - Relief for a few hours. We knew this dump was coming. We knew THESE dumps were coming. Time is not important, Price level is. The trend is clearly down for now. The waves are beautiful and simple to read. Of course there is a case where this is just a wave 2 correction, but that's not my main bias right now. Volume and other oscillators on higher timeframes are clearly pointing to downwards momentum. The MTF indicator by CryptoHeat is indicating a fakeout upwards on the 2-Week timeframe and that speaks loads to what will happen in the coming weeks/months. As always, trade safe, and don't forget your stop loss, even when trading with the trend.
BITFINEX:BTCUSDShort
by FlokiCrypto
$DOT - Beast waking up ... $DOT - Beast waking up ... Another coin slowly closing in on its ATH, with momentum and volume. Hard to say this is a Wave B (dead cat bounce). The wave count is pretty clear here. If you're already holding, you're pretty safe. Keeping the next entry zone and subwaves for premium. Even zooming in, its hard for us to pinpoint the subwaves of this wave 3. Wave 2 is either very shallow or we're finishing up the first 5 waves of a bigger wave (this is the better count in my opinion). If this is true, we should see a considerable retrace of the entire structure from under 12$ to 33$. Trade safe and use a Stop Loss!
Long
by FlokiCrypto
3
$SAND - Interesting chart here. Could pump if $BTC cooperates. Already in price discovery for the past few days, I don't see this ending right away. The top of my wave 3 is set to $1.89, but I see this going much higher; we could see close to $4 depending on timing vs $BTC There is the ODD (very odd) chance that we're in the B wave of an expanded flat, but the volume is suspect for this formation. I'm expecting a surge of volume and price action. This coin could go parabolic at any moment.
Long
by FlokiCrypto
$ALICE - This wave seems to be complete. $ALICE - This wave seems to be complete. 5 waves up. Clear wave 3. Divergences across the board. It doesn't get any easier than this folks. Unless an important influx of volume/strength comes to the rescue, Alice's direction is down. Look at the fib ranges and horizontal S/R for confluence to pinpoint a bounce. I won't do all the work for you :) (Yes, I know the box is there, but the range is very wide). Happy and safe trading to all.
Short
by FlokiCrypto
2