DEFI-trader

DEFI-trader

I have spotted a double combo correction. This could signal a massive run up based on the time it consolidated. Keep an eye on it! The move could be spectacular. Cheers!

DEFI-trader

Hi crypto traders, I anchored the VWAP at a level where the line touches multiple times the local price tops. Price target is the price of where the VWAP was anchored. Price target is 1.6 usd for short term, but only if we break and retest the VWAP line. Trade will be invalidated if we break the VWAP above and then at the retest, the price continues lower....

DEFI-trader

BTC is currently in a triangle. We need to wait for the break out before we become bullish or bearish. Just don’t panic

DEFI-trader

Hi crypto traders, 0.35usd is going to be a very important key level to watch and perhaps spend some time around that area. My take on this token, we will see crazy returns in the near future. Some big whales are accumulating DNT and small retail investors are selling, but once the selling pressure is exhausted, DNT may see 10-20x returns. Thank you,

DEFI-trader

Hi crypto traders, Using the Anchored VWAP, we can clearly see that we are in a bullish macro trend but short term correction. Bulls are in control and we will not close on the daily lower then 2.7usd. Price targets for THETA are just mind-blowing. We could see even 200usd per THETA. But better exit, it will be once the price touches again the yellow log scale...

DEFI-trader

Hi crypto traders, I use VWAP for my entries and gauge the market sentiment. When price is way above the vwap line, it means many people are sitting in a lot of profit which has negative effect to the price, since traders are tend to sell. When price tests the VWAP, it is a good price for entries. CHZ looks bullish overall and NOW is the moment to enter ! Stay safe!

DEFI-trader

VWAP is an indicator measuring price and volume compared to the moving average measuring price only. I take a major low or the beginning of the trend and i plug the VWAP. I also go to the previous swing high and do the same. Usually it creates a space between the 2 VWAP lines which is considered a non trading area and I wait for price to break either direction ,...

DEFI-trader

Hi crypto traders! I saw many bullish predictions about this crypto and I want to give my point of view. Cryptonary group is pushing for this coin and their future utility but the chart is telling us the opposite. Long term hold looks bullish but you need to buy at a good entry price which it will be around 4-5 usd. Many RUNE holders are sitting on massive...

DEFI-trader

We found some resistance around the 2900 usd area which is where the 34 Daily EMA is located and also the fib level of 55% from the swing lows. I am expecting an ABC move to the upside and the area between 3500-4000 usd area. This is just an indication, please check my other analysis below and also other crypto traders in this platform so you get a full picture...

DEFI-trader

Hi crypto traders, After many years of using Fibonacci retracement, my predictions started to be less relevant since Trading View started allowing to change the fib levels from regular scale to LOG scale. Since then I got confused especially with crypto that many coins 10x easily. So i decided to get my own fib levels tool (feel free to back test it on your...

DEFI-trader

Hi crypto traders, Close all your social media crypto related and come back in 2 months. Don’t get emotionally distracted by all that noise from “influencers” and crypto press. The charts tell all the story! TA: on the weekly chart, we have formed a hidden bullish divergence, which it shows that we have bottomed for now. This specific divergence is when the...

DEFI-trader

Hi crypto traders! 34 is a Fibonacci number that not many people use for retracements. It is mostly used for the moving averages. But here we are, not following the herd like many newbies do! My analysis: On the wave 2, the price retraced at 34% of the wave 1. This time the price retraced to the 23.8%, but this seems to be the wave A of the ABC correction....

DEFI-trader

Hi crypto traders, This is a follow up on my other analysis on ETH and the reasons I believe the ETH price may consolidate for longer than we think. An ascending broadening wedge is usually a bearish formation with price target the bottom of the wedge. Although, this pattern have same odds to break to the upside, the RSI gave the direction already, which is...

DEFI-trader

Eth had a 5 sub-wave down correction which it can indicate a Zig-Zag correction at least. A Zig-Zag correction is a 5-3-5 wave count. Based on this theory, the wave B, should have 3 sub-waves up, as drawn on the chart. In case we see this pattern, we may expect at least to revisit the lows of 1500usd and even lower. But this is a short term (1-2 months) correction...

DEFI-trader

I found an interesting pattern. The last time that price dropped in a similar manner, it was in sub wave 4 of wave 1. Perhaps less violent. How i did it: So I measured the sub wave 4 of wave 1, and found that sub wave 5 went up to 300% log fib extension. I did the same with wave 4 and used the same fib extension and found the price targets of 7usd area. Same...

DEFI-trader

Hidden bullish divergence happens when the price is making a higher low (HL), but the RSI is showing a lower low (LL). Based on this, in the next few weeks, I am expecting a strong bounce from here. Stay safe!

DEFI-trader

Hi crypto traders! TEL had a massive run, similar to DNT. This subwave 1 of wave 5, TEL broke first. This is a good signal for DNT as it may follow this same trend too. Anyways, back to TEL, if you draw a fib extension from the previous highs to the all time lows, you can find the 65c fib extension as a major target. When it comes to Elliott wave count, you...

DEFI-trader

The TOTAL crypto market cap is experiencing a heavy indecision between sellers and buyers. This pattern usually happens at the top of the run and it can be a continuation pattern. This is a rare pattern and until failure of the 5th wave, we are still strongly bullish Stay safe!