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Altsignals

BITCOIN - Watch This Level 🔥This may look complicated but to simplify it: Impulse wave has 5 waves. Corrective wave has 3 waves. We can see that we are in a 5 wave impulse wave and approaching a significant level where we have multiple confluences to indicate that price may reverse. We could go on to create an ABC correction back to the channel support for another move up OR worst case scenario, we break down completely from here and go back to around the 28K level. Keeping a close eye on the ascending trendline for a break to confirm our shorts.
by Altsignals
3
CARDANO - What To Look For Cardano has recently underwent a 38% correction from the 2nd of September to the 21st of September. It appears that the correction was an ABC move. We are now seeing an impulse, ABC correction, impulse move now. There are 2 main areas we are looking for the next impulse. First area is the 78.6 fibonacci which lines up with a recent structure level. Second area is the bigger structure level at 1.90. Waiting for wave C to finish before jumping in for the next move higher.
by Altsignals
3
BITCOIN - Daily Outlook 👁Bitcoin is currently in another impulsive move higher. We can look for corrections to jump on this impulse which could potentially reach the 52K level. We're looking for a pullback to around the 38.2 fibonacci (around the 46K level) where we will be looking for reversal patterns on lower timeframe such as descending wedges or double bottoms. From the daily chart we can see that Bitcoin makes really clear corrections and impulses. Lets not miss this next move!
by Altsignals
1
BITCOIN - Watch These Levels!In our last Bitcoin analysis, price broke down early and made a massive 9% drop in just 4hours. We were ready for this move as we know all too well that the market does what it wants and we need to be reactive. We now have yet another chance to get a perfect Short entry for Bitcoin. We still haven't fulfilled wave D properly and so this bullish move we're seeing now could be the one that takes us the wedge resistance before dropping down for wave E - which we want to catch at the very top! We have 2 key levels that we're watching. The 0.5 fibonacci and the 61.8 fibonacci. Wait for price to come to these levels and watch for a simple break of trendline to enter.
by Altsignals
5
FTX TOKEN - Will Sam get Fried?FTX Token is at a pivotal point where a small move either way could determine the next moves. Bullish - As Binance is blocking more and more regions every week, customers affected must find another exchange which is where the FTX exchange comes in. If enough customers come on to FTX exchange, it could surge the price for the FTX Token. A break above the 61 level would confirm that the bullish outlook. Bearish - From a technical standpoint, we can see that there's a head and shoulders formation at play. For it to be a confirmed head and shoulders pattern, price needs to break the neckline. Will be watching this one closely!
by Altsignals
2
CARDANO - Road Map To The Moon 🚀Cardano has been moving exactly as we expected for the last few months. We got in on that massive buy once we identified the parabolic curve late July. In one of our recent posts we mentioned that price wasn't ready to break higher. We can now see a bullish pattern developing which indicates to us that Cardano is now getting ready to move higher! Watch for the falling wedge pattern to complete and get in when wave E finishes. This could be setting Cardano up for all time highs! In the meantime we can capitalise on shorts from the 0.5 fibonacci level. On lower timeframe monitor for bearish price action and ride the wave down to atleast 1.9 and then get ready for the big buy to all time highs! See linked chart for our previous Cardano analysis.
by Altsignals
1
BITCOIN - Sniper Short 💥Bitcoin has been treating the team very well! In our previous analysis, we anticipated the drop from the 49K level. Price dropped 18%! We now have another chance to get in on another short back to down to the -0.27 target fibonacci which lines up previous structure. We look to be in a descending ABCDE wedge. Watch for price to break the ascending red trendline and enter with stops above the correction. Ideally we'd want price to reject one of the fibonacci levels before moving lower. Set up invalidated if we break above the 78.6 fibonacci.
by Altsignals
4