Wave Analysis
MEW buy/long setup (8H)It seems we have a diametric pattern on the chart, with its wave F currently completing.
The green zone is a high-potential area for a MEW, which could propel the price upward.
The target could be the red box.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Bitcoin Overshoot - Last Bullish Swing - 5th WaveMARKETSCOM:BITCOIN #trading was good to me.
I was able to predict and ride the #Bullish #Cycle like a pro.
Trade Recap
From the $17K I was actively looking for buys.
Also entered BITSTAMP:BTCUSD #Long from the GETTEX:25K mark, on the #Break-out.
At the Wave 4 Completion and 5th Wave Break-Out, I went Long again on $BTC.
At $100K Milestone I cashed it all in, I was a bit weary...
All well documented in the previous #Bitcoin Idea.
What's Next For MARKETSCOM:BITCOIN ?
I am entering the Last Long, to ride the 5th of 5th Wave.
After this #Bull #Swing I am expecting a considerable #Correction.
After the push, some wild moves will occur, and that's because of the CRYPTOCAP:BTC.D (BTC Dominance).
CRYPTOCAP:BTC.D Correction in Wave 2 will pave the way for $Altcoins (#Altcoins), thus the $Altseason (#AltSeason) to start.
Yes, MARKETSCOM:BITCOIN shall fall, while the CRYPTOCAP:OTHERS ( CRYPTOCAP:TOTAL3 ) would most likely grow in #TotalMarketCap.
* You can see the related ideas for more clearance.
BITSTAMP:BTCUSD / BINANCE:BTCUSDT - #TechnicalAnalysis
- Elliott Wave: #Impulse Confirmed (5th Wave)
- Mar '20 - Apr '21 #Fractal (orange)
- #ATH Break-Out & #Support
My Levels For Longs
- Entry @ $100K
- SL @ $85K
- TP @ $145K
* After this move, I will take a break and look for #Short set-ups.
This is because of the #Bearish #Fractal (red).
COSTCO: Correction phase may be coming to an END!! Costco Wholesale is an international chain of hypermarkets with a Price Club format whose objective is to provide the best prices on quality products.
At Costco you can find a large selection of exclusive products, including hospitality products, confectionery, household appliances, television, car parts, tires, toys, electronic devices, sports items, jewelry, watches, cameras, audiovisual, books, household products, health, beauty, furniture, equipment and office products... all with the best quality.
It has large stores in the United States, Puerto Rico, Canada, Mexico, Taiwan, Korea, Japan, the United Kingdom, Australia, Spain, France, Iceland and China.
--> What is the technical aspect?
If we look at the chart, the technical aspect is impeccable bullish in a retracement phase, but the retracement phase may be coming to an END!!.
After making a strong retracement overcoming the 61.8% Fibonacci zone, on January 7 the price gave us the first bullish warning (Bull). The next one to warn us of bullish strength (Bull) was the oscillator on January 13, and finally, yesterday, the FORCE aligned with the TREND and the MOMENTUM (see table), leaving everything bullish (Bull) ready to attack highs.
--> What do we need to attack highs?
That it overcomes its last important resistance which is the 963 area.
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Strategy to follow:
ENTRY: We will open 2 long positions if the H4 candle closes above 963
POSITION 1 (TP1): We close the first position in the 999 area (+4%)
--> Stop Loss at 899 (-6.2%).
POSITION 2 (TP2): We open a Trailing Stop type position.
--> Initial dynamic Stop Loss at (-6.2%) (coinciding with the 899 of position 1).
---We modify the dynamic Stop Loss to (-1%) when the price reaches TP1 (999).
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SET UP EXPLANATIONS
*** How do we know which 2 long positions to open? Let's take an example: If we want to invest 2,000 euros in the stock, what we do is divide that amount by 2, and instead of opening 1 position of 2,000, we will open 2 positions of 1,000 each.
*** What is a Trailing Stop? A Trailing Stop allows a trade to continue gaining value when the market price moves in a favorable direction, but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a certain distance. That certain distance is the dynamic Stop Loss.
-->Example: If the dynamic Stop Loss is at -1%, it means that if the price drops by -1%, the position will be closed. If the price rises, the Stop Loss also rises to maintain that -1% in the rises, therefore, the risk is increasingly lower until the position becomes profitable. In this way, very solid and stable price trends can be taken advantage of, maximizing profits.
Bitcoin and altcoin overview (January 22-23)Yesterday for Bitcoin, as expected, we received a reaction from the buyer and reached the selling zones.
At the moment, sales from these zones are quite weak, and we also noticed absorption of sales on the cumulative delta. Therefore, purchases are likely to resume again, but if they cannot overcome the current weak wave of sales, we will probably go for liquidity at $100,000 and to the next buyer zones.
Selling zones: $107,000-$109,000 (volume anomalies).
Buying zones: $102,000-$99,600 (volume zone), $97,400-$96,300 (volume zone), $92,400-94,300 (volume anomalies), $90,600-$86,300 (accumulated volumes).
Interesting altcoins
For SWARMS coin, we may see a continuation of the upward trend.
We are considering long positions from buying zones $0.19-$0.17 and $0.14-$0.115 if there is a reaction.
BITCOIN // primary long expansionThe market is bullish on every timeframe, and there is a countertrend break at the daily target fibo 100 (daily peak).
The next targets are the daily target fibo 138.2-161.8 and the weekly target fibo 200.
The trigger for this idea is a significant break above the highest CLEAN M15 breakdown.
The idea is valid until the Daily impulse base breaks.
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Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
———
Stay grounded, stay present. 🏄🏼♂️
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How long #VTHO will make in this bull cycle??
#VTHO had made a great move yesterday ... According to elliott wave micro count, it has completed it's 3rd wave and now will move towards 4th corrective wave into green box region....
It must hold that region and then it will complete it 5th wave which equally matches with the target of 3rd macro count....
After 3rd macro count we can see slight pullback creating 4th corrective wave and then final macro 5th impulse wave will be made by #VTHO
NOT bullish map#NOT in this chart I think there is no reason for bearish trend continuous because :
1) The market took its lower prices liq
2) hit a demand zone and this can make this coin fly
But we have one reason for more correction and its TON coin more correction if this happen we can see more correction in NOT too its better to wait and see what will happen
EURUSD Rally: Spotting the Next Trade Setup👀 👉 The EURUSD has been on a bullish run after breaking market structure on the 4H and 1D charts. However, the price now seems overextended. I’m watching for a retracement into the Fibonacci 50%-61.8% zone as a potential entry for a long position, depending on price action and the impact of upcoming news events. In this video, I break down my strategy to identify the next trade opportunity. Disclaimer: This is not financial advice.
Gold Spot/USD (XAUUSD) Analysis: Potential Reversal In this analysis of the Gold Spot/USD (XAUUSD) on the 1-hour chart, we observe key market structures and potential trading opportunities:
1. Price Action: The price has been trending upwards, creating a higher high near the 2757-2758 zone.
2. Key Levels:
Resistance Zone: The area around 2757-2758 acts as a significant resistance where the price might face selling pressure.
Support Zone (HTF Order Block): The highlighted purple zone around 2747 represents a higher time frame order block, a potential support area where buyers may step in.
3. Potential Scenario:
If the price retraces to the HTF order block (purple zone), we could see a bullish reaction as buyers take control.
Conversely, a break below this order block might signal further bearish momentum.
4. Trading Plan:
Bullish Scenario: Look for long opportunities if the price shows bullish reversal patterns within the HTF order block.
Bearish Scenario: Monitor for short setups if the price breaks below the HTF order block with strong momentum.
EURUSD → An attempt to change the trend could be successfulFX:EURUSD gets a chance for a bullish run. The currency pair breaks the prolonged downtrend and consolidates for a chance to continue the upward movement
The global trend is downtrend and at the moment it is too early to talk about a change of trend, as the price is under pressure from the strong resistance at 1.044. BUT! A pre-breakout base is forming around this area, so if the dollar continues its corrective course, EURUSD will have a chance to confirm the trend change. If the bulls are able to overcome 1.0448 and consolidate above this level, we will have a chance to rise to 1.06 and possibly higher....
Resistance levels: 1.0448, 1.0607
Support levels: 1.033, 1.0222
Technically, the focus is on the nearest trigger at 1.0448. A breakout and consolidation of the price above this zone may provide a convenient entry point to open long positions.
Regards R. Linda!
ETHEREUM // short ideaThe correction is still valid, and this is a risky bet, but if the price breaks below this M15 breakout significantly, the market my revisit the recent valley.
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
———
Stay grounded, stay present. 🏄🏼♂️
<<please boost 🚀 if you enjoy💚
SONIC - New altcoin, is 10x possible?SONIC is a new altcoin that has been listed on all major exchanges. I received many requests from you to do an analysis on it and if it's worth it to buy. First, let's take a look at fundamentals, then technicals.
The market cap is 202 million dollars ($202.91M) and is ranked #362. There is room to grow, as the market cap is not that high. As the coin is listed on major exchanges, it has relatively good liquidity, and you can trade it on the futures market. You can go long/short, and the volatility is extremely high. Pretty much every retail trader is addicted to volatility because if the coin is not moving, there are no opportunities. Always choose coins that move; you don't want to be stuck in the boring range.
Sonic is the first SVM network extension to launch on Solana, for games and applications. They are partners with Backpack, OKX Wallet, Metaplex, Pyth, Solayer, and more. The Solana network is getting popular, also with the latest TRUMP coin pump. They have 566k followers on Twitter and the number is rising pretty quickly.
Now, can this coin 10x? Yes, but this will definitely take some time. If you want to trade this coin, which I highly recommend due to its high volatility, you can take the following trade.
On the chart, you can see a descending channel, and I see an opportunity to go long on the next touch of it. Take profit is at the top of the channel or liquidity zone above the previous range, which you can see on the chart. Now, I am very curious - What do you think about this coin? Buy or sell? Let me know in the comment section. Thank you and have success!
ALTSEASON Q1 2025I believe there's still hope for an altseason in Q1. For this to materialize, we need to see USDT.D and DXY trending downward. Based on my thesis, we are currently within the A/W wave, presenting a strong potential for an altseason during the remainder of Q1.
During this period, altcoins could hit new all-time highs, with undervalued tokens likely to experience significant pumps as well.