XRP - 80% decline, be prepared!
An 80% drop is not sci-fi. But at the end of the day, you can buy cheap XRP at 0.1 USDT and hold it to 589 USDT, as the Simpsons predicted.
I am very bearish on XRP because the bears are in full control and I will tell you why in this analysis.
The price is trending in a massive descending parallel channel (very bad) and the first thing we want to see is a break of the channel to think about buying XRP.
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.
As you can see on this chart, we have broken down out of the symmetrical triangle, which is an extremely bearish signal. You don't want to see triangles at the top of the uptrend as a bull.
As per my Elliott Wave analysis, this whole structure is totally incomplete and I am missing an impulse wave dawnward.
We have strong support at 0.1013 USDT, where the market should take stop losses below this swing low before continuing higher to new all-time highs.
It's very dangerous to buy XRP at this moment because this mini uptrend might already be complete.
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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Zigzag
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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Trust Wallet TWT - Very durable altcoin, when pump?
TWT is an extremely durable altcoin. During the bear market in 2021-2022 this coin held its value very well.
The platform was acquired by Binance in July 2018. So there is a huge expectation for the Trust Wallet platform.
The full Trust Wallet team is not public, but it is known to comprise over 20 individuals — many of which have overlapping roles at Binance.
This altcoin can basically pump anytime soon, but we can also go sideways for another few months. I believe the value of this coin will increase.
The price is making higher lows. The structure is very bullish on the weekly chart. We have an ascending parallel channel with a symmetrical triangle inside.
The local uptrend started with a beautiful impulse wave, which is an amazing sign for the bulls. But, we don't know yet when the correction ends.
From my perspective, this altcoin provides a very low risk and pretty good reward, so it's worth it.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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BTC.D - The Alt Season is around the corner! Don't miss it.
The Alt Season is around the corner, I can see it on this chart! It's not a question of if it will happen, but when it will happen.
The lighting network is not supported by major exchanges because they don't want it and it's not in their business plan (as per the statement). This is, at this moment, very positive for altcoins.
It's really important to pick the right altcoins because we are not in 2017 when even scam coins pump.
We have been moving sideways on this chart for a long time, but nothing lasts forever. I expect a breakdown of this bearish rectangle pattern very soon!
As per my Elliott Wave analysis, this structure is very bearish and we should continue down with another impulse wave. From an EW standpoint, an ABC correction has been completed, so there is probably nothing that can stop this downtrend.
ALT SEASON usually happens when the BTC.D goes down. It's usually during bull markets. When we are in a bear market, everyone is selling their altcoins and buying bitcoin instead.
The 0.618 FIB extension from wave (1) to wave (2) is the next target, but I think we can go even lower later.
Make sure to pick the right altcoins. I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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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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Injective INJ - RECORD volume! +1200% profit
INJ was recently listed on the CoinBase exchange and the interest in this coin has increased significantly!
+1200% profit or even more is not sci-fi at all. Personally, I would take profit at my first target for quick gains, but if you want to hold for the long term, then you can go for it.
Buy INJ right now, because it looks like it wants to skyrocket very soon. I don't think we will go lower than this point.
As you can clearly see, we have a parallel descending channel on the 3D chart that is currently breaking out, and there is definitely a great chance for an explosive bull market.
Also, there is a local bullish flag that is breaking out as well, so you can buy a double breakout, which is nice to see. Isn't it?
According to my Elliott Wave analysis, a major ABC correction has finished successfully, and I am expecting an impulse structure.
If we take a look at the volume indicator, there is an elevated volume, which is very important. There is a buying activity from whales.
INJ is a great altcoin with huge potential, so why are you still waiting and not buying?
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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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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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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Bitcoin - No one is talking about this!
There are currently 3 options with a high probability of happening:
1) Bitcoin will crash very soon, so after that we can start an alt-season on altcoins after the crash to 13k (best option).
2) Bitcoin will go sideways for another 3 months and create a descending triangle, which will be the most boring time (you don't want it).
3) Bitcoin will go slightly up to the yellow trendline to catch all traders in a trap and then it will crash (disgusting scenario).
4) The bottom is in and Bitcoin will reach 200 000 USDT next year (no chance).
Bitcoin is below all possible trendlines on the macro scale, so the bearish pressure is extremely high at this moment!
Pretty much no one is talking about this parallel channel on the LOG scale. Also, no one is talking about the yellow trendline.
But I would not be surprised at all if we break this parallel channel, because at this point, everyone will turn super bullish and after that, Bitcoin will drop like a rock.
To complete an impulse structure from an Elliott Wave perspective, the price needs to print another impulse sub-wave to the downside.
At this point, if we break 32 000 USDT, I can say that the bottom is in, which I would love to absolutely!
If you haven't heard about the QNT (quant) altcoin, it's time to buy!
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The big short - S&P 500!
The situation for the stock market is really terrible. The fundamentals have never been worse in the last decade and it looks like we are going to drop even lower.
We have probably started a brand new major uptrend in interest rates that can reach 15% - 20% in the near future. Also, government bonds are rising, which is deadly for the stock market.
Let's be honest, it's not the best time to be in the markets if you are an investor. I believe there is an opportunity for swing traders and also day traders.
There is a possibility of a 10-year sideways bear market for the whole stock market, as happened in 2000 - 2009 or 1968 - 1980.
The price is moving in a descending broadening wedge pattern and there is more than enough space to go lower from the current price.
Regarding my Elliott Wave analysis, we have completed 2 first waves (A, B) and we are currently in a C wave if we want to stay bullish. It can also be a third wave of the impulse (1, 2, 3, 4, 5) as a bearish scenario.
I expect the 2700 level to be a strong support, which is also the FIB 1.618 extension from wave A -> B. There is also a confluence with the POC level of an expanding triangle from 2018 - 2020.
Look at my ideas about GOLD and Bitcoin in the related section down below.
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Quant QNT - The most bullish high cap is breaking out!
This altcoin is on fire right now because the bearish market structure is breaking out!
On the daily chart , we can spot an inverse head and shoulders ( bullish reversal pattern) and a descending parallel channel . Both of these patterns have been destroyed by the bulls recently!
This altcoin can definitely survive an upcoming crash on Bitcoin , so if you are pumped, then you should buy QNT right now!
As per my Elliott Wave analysis, the new uptrend started with a strong impulse wave (1) and we have also successfully finished an ABC zigzag wave (2). Now wave 3 is in progress, and this wave you really don't want to miss.
The previous all-time high is indeed a strong resistance, so you can take profit exactly at this level or slightly below to make sure you will get filled.
QNT is currently one of the most bullish altcoins in the TOP30 category, and you really want to sell ETH if you haven't already.
This altcoin is tremendous, and a 187% profit is really nice, isn't it? The bulls are right here right now!
95% of altcoins looks terrible, but this is definitely an expection. This trade provides a pretty good risk-to-reward ratio.
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ETHUSD $ETH.X Ethereum cycle Outlook From 5K max high level that we saw NOV 2021 ( same period High for $SPX) we only see, lowest level, #RSI indicator can help US to understand this behavior.
The New Bear Trend Just start, from 12 sep RSI cross above 70 level, and now apparently must go to 30 levels, in this #bearchannel.
if we use Volumeprofile indicator we see very clear that next conhgestion level is too low ( near to 500 usd range zone). :(
Other waise maybe if RSI star to develop convergence, he can hope and more less we say after upside broke above 2.000 lvl, potetial valuation. this is very difficult more when all big wall street guys looking more BEARs into stock market.
Link - Trendline is breaking out! +60% right now
Link looks pretty strong in the immediate short term, but for the long term I am still very bearish and I will tell you why in this analysis.
We have a huge descending parallel channel on the daily chart and there are still no signs of a trend reversal. The first is that we at least need to break up this channel to be more confident.
Also, my Elliott Wave analysis suggests that this downtrend is incomplete and we can definitely expect 2 USDT per coin next year.
But for the immediate short term, we have a nice local ascending triangle - bullish pattern , and also the main yellow trendline has been destroyed by the bulls recently.
+60% profit is possible and the previous wave (1) is a strong resistance, which can act as a reversal point in the future.
If you really want to buy something in the short term, then the LINK coin is a great choice. But do not forget that the main trend is a downtrend, so take profit very soon.
We don't know what the expected duration of this trade is. It can literally pump in a single week, or it can take 2 months to reach 13.3 USDT.
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