WicktatorFX

WicktatorFX

ICP has almost finished its bearish ABC corrective wave. Wave C consists of 5 waves and we are in the 5th wave now, which appears to be a descending wedge. A descending wedge is often a bullish reversal pattern. The confirmation required is a strong bullish impulse breaking the wedge. For entry we'd require a correction to follow where we can mark up clear...

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Solana has hit the -27 fib extension for wave A. This could potentially be the bottom but with the crypto market as it is, it's better to wait for confirmation. Price looks to be in a descending correction, which is often a bullish reversal pattern. Confirmation required: - A big bullish candle breaking the red trendline - Followed by a bullish correction...

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Oil has shown us clear price action where we can see an impulse, ABC correction and now we're in the next impulse phase. The weekly timeframe indicates that the bullish wave is over and we may see a deeper correction now. A simple way to enter Oil SHORTS is by waiting for a correction on lower timeframe. Trade Idea: - Watch for any sort of corrections on...

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The bullish leg of CHFJPY is coming to an end very soon. Elliott Wave theory states that waves 1, 3 and 5 have 5 subwaves. We can see that we're in wave 5 now and we've only seen 4 subwaves so far. Anticipating subwave 5 higher before the completion of the over 5th wave. Short Term Trade Idea: BUY - Watch for the break of the red trendline - Enter with stops...

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CAKE is one of the cleanest and easiest charts to read. We have a simple ABC correction and we're currently on the last bearish wave of C. We are now waiting for the first bullish candle to appear, at which point we'll know we've hit the floor. On lower timeframe we can look for reversal price action to confirm the floor. Trade Idea: - Watch for the final leg...

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In our last post, we were anticipating the final drop to appear and now we've got it. The time to buy is almost here! For confirmation of bullish breakout, we can wait for a break of the red trendline. For an even cleaner entry, you can wait for you bullish reversal confirmation price action to appear such as lower timeframe trendline breaks, BOS etc. Trade...

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AUDCAD has recently double bottomed so we can assume that buyers are stepping in. From an Elliott Wave perspective, we have started the bullish wave and we've seen Wave 1 and now currently in Wave 2, which is an ABC correction. We are currently on the C leg of the correction. We just need to wait for price to create some sort of bullish reversal on lower...

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ANKER has made some interesting price action. We can see that the major correction is divided in to 3 different waves, A B and C. Each of these 3 waves are subdivided into 3 subwaves, ABC, which follow the 3-3-5 wave formation. We are now in the major wave C now, which is divided into 3 subwaves 3-3-5 ABC subwave. We are currently on subwave C now which is...

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Dogecoin is quickly approaching the floor. Either this is going to be big flop or we may see it blow up like it did before. Based on Elliott Wave theory, once we complete the C wave, we should be seeing the next bullish 5 wave impulse. We are currently in wave C, which is subdivided into 5 waves. We are currently on the 5th wave, which is also divided into 5...

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In our last Bitcoin analysis, we were waiting for the 4th wave to appear which we now have. We are on the final legs of the ABC and we have a solid level to look for price to stay above, which is above 19.5K. The bullish reversal can come in anywhere above that price. It will be more clear once we get the final leg down. We can see that there's bullish divergence...

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Cardano has been a disgusting downtrend since last year. We look to be coming to the end of this sell off, but not before one more opportunity to short. We're currently in the 4th subwave of wave 5. Looking for one more drop for the 5th subwave completion, which will complete the entire 5 wave bearish wave. 8H Trade Idea: - On lower timeframe, watch for...

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Our last NZDJPY analysis was invalidated and did not get triggered for entry. Since then, we went back to the drawing board and realised that we're still within Wave 5. Wave 5 is made up of 5 subwaves and we are currently on the 4th subwave, which is an ABC correction. We are now trading the C leg of this correction. SHORT Trade Idea: - Watch for rejection of...

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EURCHF is currently in an expanded flat correction which is made up of 3-3-5 waves. We are currently on the C wave, subwave 4. Expecting price to retest the fibonacci before moving lower. SHORT Trade Idea: - Watch for rejection of fib and you can take a risk entry with tight stops above recent highs - For safe break, watch for the bear correction to break with...

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NZDJPY recently completed its impulsive wave (see chart for breakdown of impulsive schematic). We are now in the corrective phase, which is an ABC correction. We are almost at the completion of wave A. Expecting one more move lower to complete the 5th subwave of wave A. Expecting a deep pullback once the 5th subwave has finished. Whilst we wait for wave B, we...

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SOL is almost ready for a major reversal. We are seeing the penultimate leg before the final drop. Once that's done, it would be in the perfect place to buy. Right now, we can enter short term buys back up to around the 56 level. Short Term Trade Idea: LONG - Buy with stops below the recent lows - Target 56 Short Term Trade Idea: SHORT - Once we're at the 56...

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A simple chart of Kadena where we got a big ABC wave. We can see that we're on wave C. Expecting one more drop before we look for buys. Will update once we see the final drop. What do you guys think?

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SHIB is currently in a descending ABC correction and we're in wave C now, which has 5 subwaves. We are currently in subwave 4 and expecting one more drop for subwave 5. Once price drops once more, we can get ready to buy Shiba Inu. We have a level marked out, which has previously acted as strong support. Price could very well retest that level once more before...

WicktatorFX Updated 

There are 2 ways in which we can look at Bitcoin. The first way is the view that we're in an expanded flat correction (Scenario A) and that we're still within the ABC corrective parameters and anticipating one more drop to the 28-30k structure level. In this scenario, we are looking for the current correction, which appears to be a parallel bearish ABC...