Expectations for the SHIB intraday setupLooking at the hourly SHIB chart (pic below),
I see that at least two drawings are forming here, after which a large upward movement can be expected if the current chart is a symmetric triangle.
In the second case, I will expect a descending triangle (pic below) to develop, which will involve a little more time and sideways movement. I'm still researching which triangle it will be, so I'm considering both possibilities.
Artemcrypto
Trending will be significantly bigger than you anticipatedGuys I suppose I have to tell you about this right now. Bitcoin's price increased by 5% yesterday, and it is currently trading at $57560. However, do not board the leaving train; instead, rush on the next station, and take your seat. After reviewing the existing trend and patterns, I believe we are in for a series of important price movements.
Take a look at the market movements in 2020, it was in a bull trend and created this beautiful pattern, that also represents a Head & Shoulders pattern (see pic below) but instead of reversing, moves higher.
This pattern can be spotted on Bitcoin across history, typically on intraday setups, but it can also be found on higher timescales.
As you can see in the image below, the same pattern is observed on a 1-hour timeframe, with the same swings and structure.
I believe the price will go down again in the coming days, with expectations at $55,600 and $56,300. Price will rebound in a sideways fashion within a week or two after reaching those levels, before the next big breakout. Following that, we may see a significant effort to recapture the existing ATH or set up a new level.
COTI / USDT Might go into $10, Wave analysis.Coti aims to create a "finance on the blockchain" ecosystem to address traditional finance's problems, such as excessive fees, latency, and lack of global scale.
Coti accomplishes this by introducing a new sort of DAG-based blockchain architecture that uses the Proof of Trust consensus method.
The multiDAG structure of Coti allows independent DAG clusters to be combined into the larger Coti network. This enables businesses to use the Coti network to create their own tokens (such as stablecoins).
COTI's price appears to be bullish, as it is currently trading near the resistance of the (1)-wave, and we could see a significant rally for this company. This analysis should be correct if the Bitcoin price remains bullish, but things can change quickly. So be cautious and take a low-risk position.
@ArShevelev thoughts on Bitcoin fractal. Reasons for $200,000Hey, Bitcoin trading in $55,600, which is +35% from last swing low, now breaking previous swing high with impressive move.
Take a closeup look on Post-Halving fractal (in 2020)
It look pretty similar to our current situation (Oct. 2021), and possible high demand on Bitcoin after breakout from $60,000, here is closeup chart:
Price sits above dynamic resistance and seems like $60,000 is a matter of 2 weeks.
If we manage to break ATH at 65,200 — price will fly to $80,000 - 100,000 in short period.
Daily Moving Average setup — looks semi-bearish / neutral, for now — DMA200 above DMA100 which is bearish. If Bitcoin price falls back inside triangle Bulls need to defend price at $46,000-44,000 to make a new ATH, otherwise price will fall lower.
Best regards
Artem Shevelev
Stay tuned for further updates.
Shiba Inu Long Accumulation x3.6 profit! Next move revealed x2!Hey, here is the chart compare between Shiba Inu and Ripple (in 2017)
Both charts look similar and have at least 2 similar shapes.
First let's see Ripple price action and you can find on the left side of the chart — Hypodermic Top, the distribution pattern which
consists of two rapid movements up and down almost on the same price range. Thereafter Price developed the Cup & Handle accumulation range before establishing a new ATH for XRPUSD and XRPBTC.
Now take a look Shiba Inu price action at the right side of the chart — the price on SHIBUSDT appears in the same manner:
Hypodermic Top distribution with Cup & Handle accumulation. Now the price made more than x3 from the accumulation range. What a nice rally.
If we look at development of XRPBTC after accumulation (mark up) you will notice Triangle shape, after which price created new ATH and made at least x2 in a few weeks.
So basically this is what I am expecting from the price of SHIBUSDT during the next couple of weeks — sideways in triangle shape and at least x2 rally. Prices have big room to go.
Anyway guys, this is my research, remember — Markets are always going up and down, so DYOR and trade with affordable risk.
Best regards
Artem Shevelev
US Stocks Early-Mid October 2021 Trade Plan [SP500]Looking at US stock market it is clear that bulls trying to defend positions.
Gap near 4440 is next target and level to hold.
US stocks market might recover during next sessions up to 4380-ish.
If bulls are strong enough to hold, we might go up to 4440 - gap level, and if close above it I will look for adding more exposure to this market.
Stay tuned
Best regards
Artem Shevelev
Bitcoin Slip below 40K, is it good to buy?!Bitcoin dropped briefly below $40,000 for the first time since August.
I will looking for buys after bullish confirmation - for me it will be 5-wave + 3-wave structure which will show impulsive bullish formation.
This combo will allow us to buy in safe zone with fine stop loss leverage.
Yesterday I've took few risky short-term trades DOGE and AVAX which gave good profits ±150% x10 leverage, and tried to scalp long in SOL but closed with stop loss. I think today market will give us another good opportunities among altcoins.
Right now market facing fears from the debt crisis at China Evergrande Group and expectations that the upcoming Federal Reserve (today) meeting will signal a scaling back in asset purchases later this year.
Make sure you are following US stocks market situation, cause correlation between crypto and stocks back to high levels.
Bitcoin 21 September 2021. Trying to break the ice.Bitcoin price roll down -18% yesterday and now settle at 42800.
This week I see price action within sub 44800 range, before any major breakout will happen.
This time alt market will face short-term pullback, so we might get a good trades.
Keep your eye on global markets, correlation between crypto and stocks are back to high levels (chart below)
Stay focused on marked during Wednesday closing and be ready for the move in any direction.
Best regards
Artem Shevelev
Bitcoin Might be Bullish, but Prepare for Worst!BTCUSD down about -8% from today opening, dragging down whole altcoin markets.
Bitcoin opens today in weaker structure than I thought. Shape obviously looking like H&S and 42800 neckline may not hold much...
Bitcoin always drag altcoins more % down than itself. Dominance chart confirms the idea. So be careful, especially if you took alts during recent period of 2 months.
Today bitcoin may stay near 44-ish zone, also expected some false shakeouts up and downs. So be patient before taking any risk on current, I should say, choppy environment.
US market opening soon, might open below prior closing, which drag down SP and stocks down by a few %.
So wait for your opportunity and now it is better to hedge your investments with stable assets.
Best regards
Artem Shevelev
FETCH FET / BTC idea to watchIn this case price formed triangle shape, which can be bearish, and considering placement of this shape I think chances for breakdown are higher.
This shape is also found in Wyckoff Distribution models.
Looking for targets near 1500 sat
USD target can be found on pic below:
Best regards
Artem Shevelev
SOLANA How dip it can go?!In fact SOLANA one of the most performing and reached top of the alt list this season. Only by summer the price increased by an enormous 800% percent.
I think this could be the possible end of the growth for this project at least for this year.
Now I am expecting a correction movement in the range of 130$ and 100$ USD.
I cannot recommend any long term buys in this price action, cause things can be extra choppy in the range.
Best regards
Artem Shevelev
ETHEREUM Fractal Proving possible $5000, but first $2600Guys look, this thing on ETH / USD showing pretty similar movement in different scale. In between February and April we had smaller triangle with same price action inside.
I think this year price will made similar movement. So next stop might be 2600 before another leg up towards 4000 and 5000-5200.
So long term expectations is to buy near support range 2800-2600 and wait for the launch!
Best regards
Artem Shevelev
Bitcoin Testing $50000 and Sideways planBitcoin approaching target of previous updates, now chasing 50K target.
From daily charts expectations was shared here and we can expect small move upside.
From mid-term perspective I will expect price to calm down, probably we will see 44300 or pretty close to it.
So there will be another opportunity to increase exposure on crypto market.
Hopefully price will make it and break previous high at 53K, which will allow us to dream about approach the ATH again.
We will see, btc is slow since summer, but usually things getting faster closely to the year end.
See you in the next updates,
Stay tuned
Artem Shevelev
PS: Do your own research and always trade with affordable risk.
Bitcoin Long story Short | choppy 46KSince my previous updates, Bitcoin sits in the range 46K and 43K. Causing price jump up and down 5% within a day.
Keep your positions on hold, this might take a time before trend show up again.
Hopefully we going to see daily closing above 46K, which can give us another impulse leg up.
Price resistances givs us good understanding of targets and possible reversal points.
But in case breakdown from 42K, we most likely will see price failing lower to sub 38K so take it to account before taking big bets for your positions.
Keep your heads up
Artem Shevelev
Whats next for Bitcoin: Levels and ThoughtsQuick pullback from 52k wiped -20% from the price, creating opportunities in support zone. Demand in Bitcoin high enough, so it is quite possible to see recovery from here.
Keep in mind 42.3K level which important for sellers. If support will be strong enough - the price may do good pullback from this support and take another chance to break 52k. Quite good opportunity with nice risk/reward, so I will rebuild my long position to try.
If price failed 42k - this will trigger another selling wave — in this case we must watch for levels near 38K.
Best regards
Artem Shevelev
Ethereum Pushing Down, but we should wait for new ATHEthereum did a great job moving upwards to $4000 since last week.
This move started from $1800 in late July and now seems like finished near $4000.
I can say price certainly needs rest. Might face a few road bumps before continuation, so take a step back and follow price action closely.
On chart I located important supports and resistance trends and levels.
Thanks for reading
Best profits
Artem Shevelev
Bitcoin Making it's way up $52K. Expected lows and highs.Bitcoin rally continues and now approaching $54K resistance zone. Over last week price made +13% profit move, which is awesome for crypto, most of alts did major move up simultaneously.
Keep in mind possible start of correction down to $47-42K in mid-late September.
But before that, personally, I am expecting reaching $54-60K as main target for taking profits.
In 60K we have a strong resistance which will hard to break IMHO.
Thanks for reading,
Have a nice profits
Artem Shevelev
If you missed previous update:
Will Bitcoin Break to New Swing High — 02 September 2021Hey there! Since last day Bitcoin price moved up +8% making it's way to $50000. From 26 August price managed to float above Daily Moving Average (DMA) 200 period and it seems like a strong evidence of buyers dominance.
Since breakout from triangle I am expecting price to reach new swing high during next 3 or 4 days, targeting $53200.
Stay profitable
Best regards
Artem Shevelev
Bitcoin levels you not expectPrice entering saturated zone, I think we might see a volatility action near 54k down 50k and even more bumps near 57-60k zone which is highly volatile and liquidity will jump in this zone too.
Current setup for btc is hold
Day trading opportunities will be open in dips, direction long.
Stay safe traders!
Bitcoin Price Action and DMA100x200 16 August 2021Price of Bitcoin still going up, trying to make another swig high.
⚠ Looking at key Moving Averages (100x200) we can see price going above both MAs, but moving averages crossed in bearish order.
🟡 While price action compressing in Wedge shape, looking for breakout in support regions.
💚 Bullish note that price broke resistance line on Log scale too, this probably a good sign.
Best regards
Artem Shevelev