WicktatorFX

WicktatorFX

In our last 2 Ethereum analysis, we were bearish from the end of the 4th wave. We caught a massive 47% drop with little to no drawdown. We are now approaching the final stages of the C wave, which is made up of 5 subwaves. We are seeing the 4th subwave now and anticipating the final 5th subwave, which will be a move lower. Once we've made that move, it will be...

WicktatorFX Updated 

Our last Ethereum setup resulted in running raw gains of over 10%. We now have another chance to get in with shorts back down to the 1700 level. On the lower timeframe Eth is giving us a really nice bearish correction, which we can monitor for a breakdown. Trade Idea: - Watch for correction to breakdown and enter - Stops above the correction - Targets: 2200,...

WicktatorFX Updated 

Similarly to our Bitcoin analysis, Ethereum could be making an expanded flat correction. The current wave we're in now is the C wave, which is made up of 5 waves. We may have seen the completion of the 4th wave and now seeing the 5th wave. Trade Idea: - If entering, the safest place to put stops would be above the wave 1 structure as Elliott wave theory suggests...

WicktatorFX

GALA is showing us some really clear price action. We are currently in C wave, subwave 4. Expecting subwave 5 move lower before buying GALA. Trade Idea: - Watch for one more drop - When bullish price action appears, enter with stops below the lows - Targets: 0.4, 0.8, HODL the rest Goodluck and as always, trade safe!

WicktatorFX

VET is in an ABC correction and Wave C turned into a complex Zigzag correction which is 5-3-5. We are currently on the final 5th wave formation and seeing subwave 4. We are expecting one more drop for the final 5th subwave of the entire 5-3-5 zigzag correction. As subwave 1 was extended, we can expect the 5th wave to be equal or shorter than the 3rd wave, which...

WicktatorFX

In our last analysis. we were expecting EOS to drop for the final time. Price dropped perfectly and now we have almost completed the bearish wave. The current C wave is broken down into 5 waves, with the 5th wave also having 5 subwaves. We are now in subwave 4 and expecting one final drop for subwave 5. It's unclear where subwave 5 will end but once we see the...

WicktatorFX

In our last Ripple analysis, we managed to catch the recent short back down to the 0.50 level. We were anticipating a bounce but the entire crypto market took a massive dump, which forced us to step back and reanalyse. We can now see the Flat Correction 3-3-5 much more clearly. We are now on the C wave which is made up of 5 subwaves. We are waiting for subwave 4...

WicktatorFX

Here we have the 2D chart for US30. We have the impulse starting Mid March in 2020, which recently ended in January 2022. The Elliott Wave breakdown is as follows: Wave 1 - is made up of 5 subwaves (impulse) Wave 2 - Is a corrective wave made up of 3 waves (correction) Wave 3 - is another impulse wave made up of 5 subwaves (impulse) Wave 4 - is a corrective wave...

WicktatorFX

Nasdaq is currently in a corrective ABC wave. We appear to be on wave C which is a made out of 5 waves. We are currently on the 4th wave which is a corrective wave. Expecting it to retrace back to the recent highs at 12600 before moving lower for the 5th wave. Trade Idea: - Watch for wave 4 completion - Enter on bearish rejection at recent highs - Targets:...

WicktatorFX Updated 

It's been a little while since we looked at Bitcoin. Our last analysis we were SHORT on Bitcoin until the 30k level which we've now hit (See linked post) We are in a Flat Correction which is a 3 wave pattern made up of 3 (A) -3 (B) - 5 (C) waves. It appears we're still within Wave C, which is made up of 5 waves. We are currently on the 5th wave, which is also...

WicktatorFX

Silver is looking really good for BUYS very soon. We are currently still within the C wave, which is made up of 5 subwaves. We've completed the 3rd subwave and seeing the 4th subwave now. The 5th subwave is when we should ready ourselves for the big buy. Price is within a channel and the -27 fib falls nicely within the channel support. Will be looking to buy...

WicktatorFX

Nucypher has had several explosive breakouts and we could be on the verge of another breakout. We are in a 5 wave bearish trend at the moment and we're on the 5th and final wave. We can mark out a descending trendline and wait for the breakout. Trade idea: - Watch for the breakout of the descending trendline and enter - Alternatively, watch for bullish momentum...

WicktatorFX

In Elliott Wave Theory, the impulsive wave can be broken down into the following 5 waves: Wave 1 - is made up of 5 subwaves (impulse) Wave 2 - Is a corrective wave made up of 3 waves (ABC correction) Wave 3 - is another impulse wave made up of 5 subwaves (impulse) Wave 4 - is a corrective wave made up of 3 waves (ABC correction) Wave 5 - Can be either an impulse...

WicktatorFX

CAKE is one of the cleanest and easiest charts to read. We have a simple ABC correction and we completed the C wave recently. We are now in bullish territory and looking for any opportunities to go long. We have a nice correction forming now and all we need to do is wait for a breakout and enter. Trade Idea: - Watch for breakout of the descending trendline -...

WicktatorFX

Solana recently broke out of a descending trend and is now within a correction, leading towards double bottom. In our last analysis, we had 2 possible structures for retest and it appears the double bottom structure is where we'll retest. This would be a great place to look for possible Buy opportunities. The trade idea is very simple. Trade Idea: - Watch for...

WicktatorFX

In our last analysis, we had a level we were watching for SHORTS. Price came to that level and rejected perfectly and dropped over 35%. This was only a short term trade. Now we're getting ready for the longer term trade idea, which could show us gains of over 300%! Trade Idea: - Watch the structure level if we move down there and watch for a bounce -...

WicktatorFX

Following on from our last post, Vechain has now approached our double bottom level. We are now waiting for clear bullish candles to indicate reversal. Trade Idea: - Simply wait for the descending trendline to break with large bodied bullish candles - Enter with stops below the lows - Targets: 0.17, 0.28, 0.35, 0.45 Goodluck!

WicktatorFX

ANKR gave us a massive impulse in 2021 and since then, we've been in a flat correction. We appear to have completed the correction and now looking for the next big impulse. All we need now is a catalyst to get the market moving! Trade Idea: - Watch for rejection of the structure level if we make it back down - Alternatively, watch for a breakout of the descending...