Bitcoin - The strongest support right now! 0.618 FIB
Today I woke up and saw a massive red dildo and I have to make an update and give you an idea, so keep reading!
As you can see on the chart, the price went down pretty significantly, but is it really a problem? I don't think so.
I detected an impulse wave that was completed a few days ago, and we are retracing this wave. There is nothing wrong with that. Currently we are at the 0.618 FIB retracement, which is a classic correction for an impulse wave (1).
The 0.618 FIB is a very healthy correction and usually the majority is selling while the smart money is buying.
If you think Bitcoin is going to 13k, let me know in the comment section.
Counter-trends are usually very steep, which can be seen on this chart.
Bitcoin is very weak compared to altcoins, very weak. This is an indication of an alt season to me.
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Bullish Pennant
Bitcoin - Next week will be extremely bullish!
It looks like next week will be extremely bullish for Bitcon and also for the altcoins!
Price is currently moving in the ascending parallel channel, so the bulls have strong momentum.
As per my Elliott Wave analysis, the first impulse wave has been completed, and I expect another 2 impulse waves to the upside.
23 000 USD next week is definitely possible!
There are no gaps that need to be filled on this chart, which looks safe.
The chart is printing a bullish flag, so wait for a breakout for confirmation!
I wish you massive profits!
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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✅Crypto - 2014 trendline is holding, open your eyes!
This is technical analysis; I don't care about interest rates or fundamentals! Leave this analysis if you care about wars, covid, inflation, interest rates, and so on.
95% of people will never buy at the bottom and never sell at the top.
These people will tell you we will go to 13k. When we reach 13k they will tell you we will go to 10k. When we reach 10k they will tell you we will go to 6k. When we reach 6k they will tell you we will go to 3k. When we reach 3k they will tell you they will buy at 1k and so on. These people will never buy during the bear market; they will buy at the top instead!
As you can see, the chart is extremely bullish. If you don't see it, then you are probably shorting support and longing resistance all the time.
This is really not the best time to be bearish. If we drop below the main specific support, then I will quickly switch my overview on the market. There's nothing wrong with that.
I am not a permabull or permabear. You know me well; today I can be bullish, tomorrow I will be bearish, and in two days I will be extremely bullish again.
It doesn't matter if I am wrong and Bitcoin goes to 13k. I can be right only 50% of the time with RR 1:2 to be profitable. I take swing trades with RR 1:20.
I think 2023 will be a very bullish year for the crypto market, but you need to hold good coins. Forget about ADA, SOL, XRP, DOT......These coins will pump, but not next year.
If you are bearish, tell me why in the comment section down below!
Which coin do you want me to analyze? Let me know in the comment section!
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$DOGE - Another Bullish Move AheadHello my Fellow TraderZ,
$DOGE has recently showed an awesome move of approx. 150% , thanks to the Elon hype once again.
Again , it is nic to see #DOGE is forming a BULLISH PENANT on the lower TFs.
Expecting this breakout to lad another 20% move to retest the recent local top at the least.
Breaking of the Support zone will invalidate the trade.
CHEERS!!!
❌APT Aptos - Be careful, do not buy this coin!
I see multiple warning signs on this chart. It looks like a lot of traders bought this coin on the spot market and also longed this coin on the futures market to get rekt.
The price action is absolutely bearish on the APT coin. I strongly suggest staying away from this altcoin. You can probably buy it at 1 USDT later!
The bulls failed to do an impulse wave, which is a disaster. Also, we can spot a triangle, which you do not want to see at all if you are a bull.
From the fundamentals perspective, APT is likely a great coin. That's why I recommend buying APT at much lower prices.
This is just a quick update on this coin and my opinion.
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✅Ethereum - No one is talking about this!
It's been 41 days since the merge. If Ethereum was still on PoW, there would be up to 488,000 ETH that miners would be able to dump into the market. Instead, net issuance is only 1,300 ETH since merge and stakers can't sell any of that yet! This is absolutely bullish.
Hit the like button if you didn't know that, because no one is talking about it!
As you can see on the chart, there is an ascending parallel channel, which is really great for a potential profit target or a sell short opportunity. This channel is on the LOG scale, but you can also draw it on the linear scale. Both are valid, unfortunately.
According to my Elliott Wave analysis, a previous extremely strong impulse wave gives us a great chance for a new swing high! Also, the correction has been clearly completed as a double ZigZag.
The price is above the blue trendline and do not be fooled. This trendline is much longer than you can see on the chart, but I am unable to show you on this daily timeframe.
It looks like November will be very bullish for the crypto market, which is really great, isn't it?
Look at my ideas about Bitcoin and 0% inflation in the related section down below!
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✅Bitcoin - Last chance to buy under 20k!
This is your last chance to buy Bitcoin below 20,000 USDT before it explodes to new all-time highs!
An inverse head and shoulders pattern is currently breaking out! The price is above the neckline, and you could wake up to a massive green dildo on the chart any day now.
If you are pumped, hit the like button right now!
Don't forget that November is the second strongest month for Bitcoin, with an average return of +21%.
The Elliott Wave is currently extremely bullish because we have completed an ABC correction for a previous impulsive wave and now we are preparing for a third impulse wave, which is usually the strongest.
If you are bearish, then comment on this idea!
The next stop is 30,600 USDT, which is a reasonable resistance. It is the head and shoulders measurement target + the previous symmetrical triangle point of control (POC). I expect a temporary downtrend from this level.
Inflation is on the way to 0% in a few years, as per my previous analysis, which you must check out in the related ideas down below!
We can hit a new all-time high next year. It's definitely a possible scenario, so you don't want to miss this upcoming huge move.
If you think this idea is interesting, then you should hit the like/boost button. Thank you!
PHA - Another explosive move is possible!
This is an absolutely fantastic opportunity on PHA right here, right now!
The stop loss for this coin is very low and the profit target is very high, which provides a great risk-to-reward ratio.
The uptrend started with a strong impulse wave, which is extremely important for continuation to the upside.
The next profit target is around 1.3 USDT, but this coin can go even higher than 1.3 USDT.
The price action on PHA is extremely bullish. It looks like this is definitely not the end.
This coin has to hold the 0.18 USDT level. Otherwise, it will be dead for some time.
This is a great opportunity for swing and day-traders, because if the price goes up, then the volatility will be amazing.
Phala is a great ponzi at this moment, so maybe do your own research before putting your money into this coin. I think this pump will be very fast, so you don't want to hold this coin for weeks.
Phala Network is a privacy-preserving cloud computing service, which offers computing power comparable to existing cloud services and protects the privacy of managed programs.
Phala is also based on Substrate, and will run as a parachain of Polkadot ecosystem.
Phala provides a contract-based data exchange infrastructure for standardized data collection, analysis, and trading protocols.
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Bullish Divergence And Bullish Pennant RecognisedOn 4H TF, it's clearly seen that $XRP printed bullish divergence in a bullish pennant from Oct'13th - Oct21st. Furthermore, 50% fibonacci level maintained as support which indicate that $XRP is still bullish. So if a breakout from its pennant followed by retest to upper pennant trendline, I'll expect to see $XRP rally continuation to 161% fibonacci level.
S&P500 - What if the bottom is in?
I am not saying the bottom is in, but what if the bottom is in? In this analysis, I will tell you why it is possible!
Everyone is extremely bearish on the stock market. There is a record of purchasing PUT options from retail investors and usually the majority is wrong. But in this case, the majority could be right. We don't know.
As you can see, we have a huge parallel channel on the daily chart, and I would love to see a breakout above the channel.
But from the Elliott Wave perspective, an ABC correction (ZigZag) can be considered as completed with an extended A wave. If you are an Elliott Wave trader, you see a nice impulse wave as a C wave.
If we take a look at the RSI indicator, we can see a bullish divergence on the daily timeframe. This gives us hope for at least a bullish bounce to the upside.
The 200 moving average is powerful on the weekly and daily chart. This MA is considered a strong support/resistance by huge institutions and hedge funds together with the 0.618 FIB retracement.
Interest rates are rising, which is, of course, very bad for the stock market. I know this and that's why I am not buying stocks, because I am a trader, not an investor, even though I have bitcoins for the long term.
So, has the stock market reached its bottom? I would say maybe a 30% probability.
Look at my idea about Bitcoin in the related section down below.
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Polygon MATIC - Bullish flag! A huge breakout is imminent.
Matic is preparing for a huge uptrend if the bulls break the bullish flag. It's a pretty good opportunity, so you don't want to miss it!
The bullish flag on the daily chart is supported by an ABC correction (ZigZag), so it makes the bullish flag much stronger.
Also, we have started this uptrend with a strong impulse wave, which indicates massive buying pressure from the bulls.
The next resistance is at the top of the massive parallel channel on the weekly chart. You can zoom out this chart to see this channel in all its full beauty.
I strongly recommend waiting for a breakout above the flag, because, of course, the bears can step in at the resistance of the downward trendline.
Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.
This is a pretty strong setup for the bulls. Let me know in the comment section what you think about MATIC.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Trust Wallet TWT - Very durable altcoin, when pump?
TWT is an extremely durable altcoin. During the bear market in 2021-2022 this coin held its value very well.
The platform was acquired by Binance in July 2018. So there is a huge expectation for the Trust Wallet platform.
The full Trust Wallet team is not public, but it is known to comprise over 20 individuals — many of which have overlapping roles at Binance.
This altcoin can basically pump anytime soon, but we can also go sideways for another few months. I believe the value of this coin will increase.
The price is making higher lows. The structure is very bullish on the weekly chart. We have an ascending parallel channel with a symmetrical triangle inside.
The local uptrend started with a beautiful impulse wave, which is an amazing sign for the bulls. But, we don't know yet when the correction ends.
From my perspective, this altcoin provides a very low risk and pretty good reward, so it's worth it.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Mkr bullish pennant A simple bullish pennant. Pennants and flags are so frequent in crypto and often are meaningless, but with market sentiment seemingly positive and interest in MKR picking up, I think this one deserves some attention. Hopefully Bitcoin holds above 20k or doesn't dip to far below because that would probably invalidate this
XRP Bull Pennant on DailyFlags and pennants are patterns that I find are overly relied upon in crypto, and they often fail. I like this forming pennant, however, when coupled with the market sentiment. In particular, XRP has been on fire and we are testing a major psychological level at $0.50. I wouldn't long resistance - But I am already in a along position since low 40s. If I wasn't, I would not enter this trade until the price breaks out of the pennant to the upside, for confirmation. A breakout could happen here, or touch the bottom of the flag once more before going back up. I will keep a close eye on XRP for a breakout, and will have alarms set.
Also my recent idea about BTC volume flow flipping in bull's favour (link below), has me thinking the market is ready to move a bit higher, and I think BTC will hold support at $20k, and move up to the next level, which will give more support to this idea. If BTC falls through $20k before this pennant breaks out, I will consider abandoning the idea altogether.
The stop loss target, set at the most recent swing low is at $44.9 and sits perfectly behind another psychological level. The target is set slightly below the pole height, at $63.8. The pole reaches a bit above $0.65, but I think it will correct hard at $0.65 or even at $0.64. Keep in mind that $63.8 is an ideal scenario where the breakout shoots almost straight up with no faltering. If we have signs of trouble along the way I will not hesitate to sell, even somewhere in the mid 50s.
I've been enjoying some market success, but I am a fairly inexperienced trader so don't go copying my trades. None of this is advice, just my idea.
Injective INJ - RECORD volume! +1200% profit
INJ was recently listed on the CoinBase exchange and the interest in this coin has increased significantly!
+1200% profit or even more is not sci-fi at all. Personally, I would take profit at my first target for quick gains, but if you want to hold for the long term, then you can go for it.
Buy INJ right now, because it looks like it wants to skyrocket very soon. I don't think we will go lower than this point.
As you can clearly see, we have a parallel descending channel on the 3D chart that is currently breaking out, and there is definitely a great chance for an explosive bull market.
Also, there is a local bullish flag that is breaking out as well, so you can buy a double breakout, which is nice to see. Isn't it?
According to my Elliott Wave analysis, a major ABC correction has finished successfully, and I am expecting an impulse structure.
If we take a look at the volume indicator, there is an elevated volume, which is very important. There is a buying activity from whales.
INJ is a great altcoin with huge potential, so why are you still waiting and not buying?
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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TOTAL Crypto - Are we still in a bull market?
This is a major outlook on the total crypto market cap, which is probably the most important indicator.
As you can clearly see, we are in a bull market on the weekly/monthly timeframe, but if the bulls give up, then it can turn into a 5–10 year bear market, which will be the first bear market in the history of cryptocurrencies!
Please, do not write in the comment section things about previous bear markets in 2018, 2019, and now 2022. This is nothing compared to what may come.
But nothing is lost at all, because we are holding the key market structure!
The price is above the 200 weekly moving average, which historically has never been broken. We are above the previous swing high from 2018 and this is the most important support that must hold. The 0.382 FIB + the ABC correction is another bonus.
The chart is printing a massive falling wedge/bullish flag #2. You can compare this pattern with the previous structure from 2018.
As per my Elliott Wave analysis, an ABC correction of the previous impulse wave has been completed successfully with a 0.382 FIB, which is a reasonable retracement.
If you buy Bitcoin or Ethereum right now and it fails, then it was definitely a great trade and you should be proud of it. You took the risk, you took the chance. I think this is a great lifetime opportunity.
The money printer is up and running at full speed. Inflation is very high, so it's definitely great for cryptocurrencies.
October and November are extremely bullish months for Bitcoin, so there is a great chance for a bounce!
This is my verdict. We are still in a bull market and this was just a correction. We are preparing for another bull run, so do not miss it!
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Ethereum has bottomed out! 10 000 USD next target!
There is a great chance that Ethereum has bottomed out! But first we need to break the downward sloping trendline to confirm this bias.
I am sure aggressive traders are already buying the ABC correction and the 0.618 FIB retracement, which is definitely worth the lower stop loss they have for this trade.
After the merge, the price of ETH rapidly went down, maybe just to shake out the long-term hodlers. It was a sell the news event, but maybe just in the short term.
As per my Elliott Wave analysis, the ABC correction has been completed successfully as a ZigZag (wave 2) and we are prepared for a tremendous impulse wave 3 to the upside.
However, this ABC correction can transform into an impulse wave, which will be extremely bearish and 500 USD per ETH will be very possible. But you shall not pass!
The next target is 10,000 USD for the long-term trade, but you can take profit at the next strong resistance (3580 USD) if you don't want to wait or want to allocate your money somewhere else.
The chart is printing a symmetrical pattern, but it is not the best looking one, so I drew it on canvas maybe for entertainment purposes.
You don't want to miss my previous analysis of Bitcoin! Check out the related section down below.
I expect tremendous gains for selected altcoins (QNT, BEL).
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Bitcoin - The bottom is in! Next target 300,000 USD!
Warning: This analysis may completely transform you into a super bull!
Interest rates are rising, which is bad for the stock market, but is it also bad for Bitcoin? Maybe not at all. On the other side, inflation is pretty high and the money printer is running, which is good for Bitcoin.
We have a huge falling wedge pattern on the weekly chart that is very close to a massive breakout! The upper sloping trendline is very important and can indicate the end of this bear market.
As you can see, the price is currently below the 200 weekly moving average. This particular MA is considered a strong support/resistance by huge institutions and hedge funds, but they do not see it as a level, but rather as a zone. So even if we are a little bit below the MA, it's still holding. We need to break below the previous swing low to confirm the breakout of the MA. What's more, if you take a look at the TOTAL crypto market cap chart, 200MA is above the current price, which can be a more reliable indicator.
If we take a look at the oscillators, the RSI indicator is printing a bullish divergence, which is a strong reversal signal, especially on the weekly chart. Also, the MACD indicator has a bullish tick on the histogram + bullish divergence between the swing lows as well.
We have history's highest volume, so a lot of bitcoin changes owners, which can be interpreted as a bullish signal. It's really a record volume on the Binance exchange, which is currently the biggest crypto exchange.
As per my Elliott Wave analysis, an ABC correction has been completed successfully and we can definitely start a new impulse wave to new all-time highs in the immediate short term!
On Tradeview, I post potential scenarios. Today I can post a bullish analysis and tomorrow a bearish analysis. It's up to you how you decide to trade. Usually, I do not publish trading setups publicly, only privately. I can only give you all the reasons to buy or sell a specific asset here on TradingView.
I expect tremendous gains for selected altcoins (QNT, BEL, STPT). You can find them in the related section down below.
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STPT | +4000% Brutal Gains! Sleeping Giant
STPT (Standard Tokenization Protocol) is a sleeping Giant, but when wakes up it will be huge, you can be pretty sure about that!
We have been moving sideways for more than 3 years now on the weekly chart, and if we break this head and shoulders pattern, it will be tremendous!
4000% profit is a lot and I don't want to miss this altcoin, unfortunately, we can go sideways for another 1 year. So if you buy now, you can sit on the coin for a long time before it explodes.
Yes, you can buy now and tomorrow it will be +1000%, it's really possible.
Keep in mind that this is STPTBTC chart, not STPTUSDT chart. If you buy this coin, then your USDT value can go down, 50% drop is possible. You can buy this coin, if BTC hits 13k in the immediate short term.
For a confirmation trade, buy a breakout above the Head And Shoulders pattern if you don't want to wait and want to catch the momentum. But there is a chance of another rejection at the neckline, which can lead to 50% decline almost immediately.
Also, there is a local trendline that you can clearly see on the chart and if the bulls can break this trendline, then there is definitely a potential.
I think this coin is a great choice and even if you buy for only 5% - 10% of your funds, it can be a smart bet.
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