Bitcoin is potentially nearing the completion of a Running Triangle and setting up possible Long scenarios to consider. Currently we have seen a reaction at the 1:1 extension, potentially presenting a Long opportunity at the current market price with a stop below the 1.618 @ $53,485 or a complete invalidation point @ $50,550. Comparatively, this is the more...
I'm looking for a potential Long opportunity in Polkadot following the completion of the local correction. The primary range that I am looking for entries is from the .618 @ $32.36 down to the 1:1 @ $26. Ideally, we should not breakdown below and lose support @ the 1:1 extension.
Potential Long opportunity at the current market with a stop below the previous low @ $1. The primary target is on the conservative side @ the 1:1 extension.
Two potential Long scenarios in Compound. The first being a current market entry with a stop below the previous low @ the .618. If the rest of the market begins to roll over to the downside, the second opportunity could potentially present itself at the 1:1 extension. Both sharing the same conservative target @ $639.
With another leg higher likely with Bitcoin, higher targets potentially come into play with Ethereum. If Ethereum continues to move up with Bitcoin, the next targets will be the 1.236 @ $1,903 and 1.382 @ $1,957. Deeper targets to the upside imply a more bullish market. The market wants to go up. As a result, shallower targets to the downside are far more likely.
Structurally, Bitcoin is very similar to Ethereum. I am looking for one more leg up targeting approximately $56,000 - $58,411 in the local correction prior to rolling back over in order to finish off the final leg of the macro correction. Deeper retracement targets to the upside, 1:1 - 1.236, imply a much more Bullish market. The market wants to go up. As a...
Setup of what I would like to see in Ethereum over the next few weeks. I am anticipating corrective continuation up to roughly $1,742 - $1,835 before rolling back over to $1,107 - $1,221. This should create a very nice long entry for continuation higher targeting $2,000+. In my experience, Ethereum is most reactive to the .786 fib. Trading corrective price action...
Cardano is potentially setting up for a nice Long entry on shorter timeframes. We are seeing a slight reaction to the .618 @ $0.850794, however, I would prefer to see minimal continuation to the 1:1 @ $0.818548 to complete the potential Flat correction that has been unfolding. A more confident entry for this setup would be at the 1:1 before aiming for the ATH....
Following a correction to roughly $2,000, Maker should be setting up for a reach to new heights. Initial target is $5,000. Proceeding that, targets could reach as high as $7,500 - $10,000.
Road map for Graph Token over the next few weeks. Potentially some very profitable opportunities opening up following the next two upcoming corrections. The first being a 23.6% - 38.2% retracement to roughly $1.60 - $1.10. The next following the completion of the 3rd wave. Overall the structure is very bullish with targets in the $15 - $25 region.
As long as bearish pressure remains, it appears that Bitcoin will continue to trade inside of a corrective range for the next few weeks. Based on the current structure, this is invalidated with a break above $40,500. Although this breakout point is likely to change as the structure continues to develop.
Two potential counts for Litecoin - both sharing the same target. We are seeing a fairly bullish reaction from the .618 that potentially indicates the completion of the 4th Subwave of the 3rd Macrowave inside of the measured window in time of the completion of the correction. Following a break to the upside, Litecoin is targeting approximately $214 @ the Macro...
Potential Long opportunity in Loopring in the event of a breakout. 3 potential targets on the conservative side. Bullish targets range from $1.50 - $2.00.
Potential Long opportunity in Stellar Lumens in the event of a pullback. R:R is much better following a confirmation of a breakout.
Bitcoin nearing targets. Potential long entries open up in the $28.7k - $25.3k range. 1:1 - 1.236 are the ideal targets. Deeper targets carry more risk.
3 potential Long entries for Ethereum in the event of another leg down. The ATH has been broken - as a result I am anticipating a pullback to only the .618 - .786. More conservative target is $1,689. More bullish targets are as high as $3,225+.
Potential Long opportunity in SushiSwap. Presently, the third wave does not appear to be finished, with room to continue up to roughly $9 before a correction. Following the completion of a retracement of 23.6% - 38.2%, I will be looking for a long entry to the final target of $20.
Two potential counts for Polkadot. If the 3rd wave is finished, I am expecting a pullback to roughly $12 before continuation higher to the final target at $30. If the 3rd wave is not finished and it has another leg to $24 before a correction, then I am anticipating a retracement to $15 before the final leg up to $45.