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...
Just a relief bounce, but the time to buy is very near. I see 5 clear waves for greater degree wave 1. We're currently in wave 2 which needs to be an ABC. This makes it a lot easier to anticipate where the bounce will be. Tons of confluence to be identified. Can you identify the levels? I purposely moved the end of wave C for your reflection. Trade safe.
Cycle was finished all along. I found the full history on BITTREX which is more chartable than binance (longer history). I'm expecting another move down as with everything else once we finish this relief bounce. $0.13 is an ape in zone. $0.155 is a nice bounce potential too because of previous s/r. We can clearly see 5 impulse waves here. Assuming ABC for now,...
As previously mentioned mid December. BTC.D is reacting on the divergences it was printing for the past few months. Alts gave it a go a few times, but couldn't break down Dominance any more than this. Lets see just how far up we can push on this. I'm not entirely convinced we're done yet... Trade safe.
Wait for the ABC to complete, long on divergence. Still has a bit of upside to complete B. Looking at a reversal to C at around $5.40.
$QNT is currently in a zone of confluence from previous bounces and the fib golden pocket. There is a lot of bullish potential for this coin to run against the trend in the coming days. After a deep retrace for wave 4 this cycle, (or wave A of 4) this coin is ready for a good bounce.
Going back to this chart hurts if you missed both zones. TA was amazing on MATIC this year. Up almost 300% from the July Blood Eagle Zone. I see this coin tackling 4$ before its all over. Plenty of Price action to come. I will be scouting a long entry soon.
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...
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...
There's a good case for us being in subwave 2 of 5 right now. DOT made a new ATH in early November which was immediately rejected and the correction has been quite swift since then, forming a nice zigzag. I expect DOT to finish its correction with either a double bottom or a lower low with reduced strength and volume. Happy and safe trading to all.
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...
$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%+...
$BTC.D - Anticipating just a little more pain for alts in the coming days... as we complete wave 2 of this larger wave 3 down structure. Derisk your longs if you can. Trade safe.
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...
This is my main count for ADA. I think we could see sub $1.50 in the near future, and that would be a clear buy sign for me. Stay tuned for wave 5 everyone! Previous Odin Zone hit, and TP1 was hit and missed TP2 by a relatively small margin. Trade safe.
$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...
$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)...
$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....