Bitcoin - Please be greedy and FOMO in!
Bitcoin is absolutely pumping heavily right now, and there is not too much time for you to jump in, so you need to FOMO in ASAP and be greedy!
The pump is real, and if you think this is a scam pump and we are going to go soon to 14k, then ...........
The next target for Bitcoin is around 29k! In one of my next analyses, you will see why this is a very important level, so make sure you follow me!
Bitcoin is currently approaching a significant resistance level, which is the 0.618 FIB + start of the FTX dump + start of the GAP. It's possible that the bears will step in temporarily, so keep that in mind!
There is of course a possibility of a retest of the rectangle pattern, which is at 18,400. Also, it's a breakout level of the major trendline from August.
If you haven't seen my idea from January 5, where I told you bitcoin was going to exponentially pump, check out the related section down below. Everyone was bearish back in the day!
There is absolutely no bearish divergence on the higher timeframes, and the uptrend looks extremely healthy and powerful!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. I share my trades privately.
If we take a look at the end of the downtrend, we can spot a SFP (swing failure pattern), or someone can also call it a double bottom pattern. The neckline of this pattern is currently breaking out. A trendline from August is breaking out as well.
From the Elliott Wave perspective, we are in the third wave of the third wave, which is the most impulsive phase. Also, you can see my Elliott Wave count on the chart, so check it out.
Thank you, and for more ideas, hit "Like" and "Follow"!
Bullish Rectangle
DXY will trigger a huge crash! Best to stay in cash.
Everything indicates that the recession in 2023 is pretty much inevitable. And when the Fed pivots, a market crash is almost guaranteed. Nothing is for sure, but it's based on historical statistical data.
The DXY index is currently sitting at the strongest support ever created. It's the rectangle line + wave (3) + wave 1.
As per Elliott Wave rules, in an impulse wave, wave 1 cannot overlap wave 4. Only a small wick is permitted. I think this is the best place for a trend reversal and a strong dollar again.
Let me know what you think about the recession and the strong DXY dollar in the comments! I want to know your opinion!
As you can clearly see, this is the monthly chart, and the price is following this ascending parallel channel. Since 2008, we have been in an uptrend, and trend is your friend until the end.
I think if DXY drops below 101, then it's over and this channel is going to break down. The dollar will be weak, and the bull market is imminent.
But now there is no point in speculating on a weak dollar; why would you do that? I don't think it's a good idea to short the support and long the resistance. But the majority of traders do that, which is a paradox.
This is my update on the DXY index. The dollar is still in a strong uptrend, and from a technical perspective, the uptrend is intact. But let's see if the big players still want a strong dollar. We will discover soon!
Happy trading!
Ethereum is bullish! | Bull flag is ready!
This bullish flag is absolutely ready for a breakout! I am bullish on ETH, and I opened a quick long position. I will exit at the resistance, and after that, I am going to short ETH!
As you can see, the price is in this rectangle range, and usually the market is ranging 75% of the time, so there is a huge chance that the bears will step in at the resistance! I recommend shorting ETH later.
In my opinion, there is currently only a 25% chance that this rectangle pattern will be destroyed by the bulls on the first try. I expect a strong rejection and will go back to the POC that you can see on the right side of the chart.
There are a lot of stop losses above this flag, so I believe the market wants the liquidity.
From the Elliott Wave perspective, it looks like a corrective tripple zigzag pattern (WXYXZ), because we have an overlap between the major waves, which is not a good sign for the bulls.
This overlap is a problem. It shows the weakness, and I don't like it. Let me know in the comment section what you think!
We have a double bottom pattern on ETH. The neckline needs to be broken to confirm this pattern, but it's not going to be easy.
I don't know what about you, but I am now temporarily bullish on ETH, and I have my orders set to close long and open short at the resistance.
I wish you a lot of fun during your trades!
I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing.
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Litecoin - 2000% profit! Last chance to buy low.
The bottom is in for Litecoin, and you have the last chance to buy cheap Litecoin these days!
20x is a reasonable target to take profits because you want to be greedy. It's been almost 5 years of sideways price action.
If you like Gandalf or Litecoin, then hit the like button right now!
As you can see on the chart, there is a running flat pattern, which is an Elliott Wave corrective pattern that may occur after a strong impulse wave. This pattern has been completed after almost 5 years.
If you didn't know that, Litecoin was the first altcoin, which can be mentioned in the Guinness World Records book. This is pretty impressive, isn't it?
Let me know in the comment section if you want to buy Litecoin or if you already hold litecoin. I look forward to your comments!
If we take a look at the MACD indicator, we can spot a bullish histogram on the weekly chart, and we can also see 3 peaks, which indicates a diagonal wave.
Litecoin experienced a massive bull run in 2015–2017. Another bull run is, of course, very likely in my opinion, and it can be very soon.
Litecoin was released via an open-source client on GitHub on Oct. 7, 2011.
The cryptocurrency was created based on the Bitcoin (BTC) protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors.
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GBPUSD | Perspective for the new week | Follow-up detailsWe closed last week's trading with about 100 pips as the much anticipated $1.14000 level was finally broken by the buyers to set the tone for a bullish momentum in the coming week(s). The GBPUSD is moving higher and it's looking to go all out in the nearest future if the price can break out of the $1.1800 level. However, we can not ignore the possibility of a downturn as the price is presently consolidating below the bearish trendline identified in the daily timeframe.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
DOGE - To the moon! Huge bull flag | +5000%
Doge is absolutely ready for a massive impulsive wave to the upside on the macro scale!
The chart is printing an impressive bullish flag on the weekly chart with an ABC ZigZag structure, which is even better.
As you know, I am very bullish on Bitcoin for the upcoming year 2023 and the BTC dominance chart indicates a juicy alt season!
As per my Elliott Wave analysis on the macro scale, we have finished a corrective ABC wave 4, and we are currently starting a final impulsive wave 5.
We don't really know what price DOGE can reach, but I expect the 0.618 FIB or the 0.764 FIB extension from Wave 3 -> Wave 4.
The average transaction fee on DOGE is currently 0.04 USD and the confirmation time is below 1 minute.
I expect tremendous gains for selected altcoins. You can find them 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!
Bitcoin BTC, Secret trendline from 2013! No one is talking about
This is the monthly historical chart for Bitcoin , and as you can see, we are currently at major and very important support!
We have a long-term trendline that is printed only on the LOG scale, and the majority of retail traders never use the LOG scale, so that's why it's invisible to them.
The trendline was established in 2013, and this is the one and only one trendline you can draw at this moment.
So what happens if we break this trendline and previous all-time high from 2017 in conluence? Well, it will be extremely nasty, and this bear market is probably going to be the longest in the history of Bitcoin . We can basically have a 10-year sideways/corrective structure. There is also a possibility of a drop to 3000 USD (not now, but later in 2024) to the previous swing low from 2020. This is a true bubble that will pop, not the previous 2014 or 2017.
Also, if we break this trendline, then I can make a complete lifetime impulse wave from 2009 to 2021, and we are prepared for a multi-year massive ABC correction.
But I have faith in this support because, why not? Any speculation on a breakdown is, in my opinion, very risky at this point. You don't want to short the support and long the resistance, you want to do exactly the opposite. But the majority of breakout traders make this mistake. First, they should wait for confirmation before entering a short position here.
Do you think the trendline will hold or not? Let me know in the comment section!
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USDJPY | Perspective for the new week | follow-up detailsThis is a follow-up video to my previous analysis on the USDJPY as trading activities were largely sideways during the course of last week's trading session. So, price action was caught within the 145.000 and 144.200 zone, emphasising the indecision in the market at this juncture. Though price action is still within the sell window at the psychologically important 145.000 area which was identified in my previous analysis (see the link which includes daily commentary for reference purposes), the current structure could lead either way as participants in this market anticipate NFP coming up this week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
hdfclife on reactangle support 1st target 560
final target 586
stop loss 510
>hdfclife formed a power candle with surge in volume exactly on an important support level.
>also there is a formation of type of a morning star.
>hdfclife is in a rectangle pattern which makes it a simple trading stock.
>also it is a part of nifty 50
>nifty 50 formed a bearish candle whereas hdfclife formed a bull power candle (marubozu candle), this is a sign that in a bear market, bulls are their in hdfclife stock.
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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Terra Classic LUNC - More downside is coming! | Elliott wave
The bull party for LUNC is over, and now we need to regain strength again at lower levels!
Many people have lost money in UST and LUNA in the past; there is no trust in these projects, and I would never buy them for long-term speculation.
Maybe that was just a scam pump. I don't even know if someone can trust these coins named Luna, LunaC, Luna2. It looks like a pump and dump game for whales.
Better to short it on the futures market to make some money or just stay away. That's my recommendation.
I'm not saying we'll go straight down; rather, the price may print a triangle before continuing to the abyss.
As per my Elliott Wave analysis, a major impulse wave has finished and we are looking for a retracement to the downside.
0.618 FIB, or 0.5, is a classic correction for a first impulse wave, and it fits perfectly with the previous horizontal support exactly at 0.00011 USDT. It looks like a sweet point to buy LUNC again if you are bullish about the next possible uptrend.
I expect tremendous gains for Golem (GLM). You can find this altcoin in the related section down below.
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Litecoin LTC - A new bull market started! | Elliott Wave
Great news for all Litecoin hodlers and traders! As per my technical analysis, this downtrend established in 2018 has finally finished!
This is the LTCBTC pair on the weekly timeframe. It means that it would be better to hold LTC instead of BTC. But there is no guarantee of the USDT value of your holdings.
Regarding my Elliott Wave analysis, a major impulse wave has been completed, and now I expect at least a retracement to the upside.
Also, we can spot very nice local inverse head and shoulders and falling wedge patterns that are very close to a breakout!
The falling wedge has been destroyed by the bulls successfully, and now we are waiting for the head and shoulders pattern.
The last weekly candle of the downtrend is an extremely strong bullish engulfing candle, which is absolutely great to see!
The BTC.D Dominance chart confirms this analysis (I will post the BTC.D technical analysis probably next week).
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Bitcoin Dominance BTC.D - Downtrend continues! | Elliott Wave
Bitcoin is still a very weak asset, compared to altcoins or the stock market index.
As per my technical analysis, bitcoin's dominance should go down to the previous swing low established in 2018. You can bet there will be a bounce, but the question is, how big is the bounce going to be?
As you can see on the chart, the ABCDE pattern has been completed, which usually indicates a final upcoming wave. It's something like triangles in fourth waves.
It's hard to do an Elliott Wave count here, because this is not a standard chart. This chart can oscillate only between 100% and 0%. We don't know if the first drop from 100% to 35.41% is an A wave of the correction or a 1. wave of the impulse, because there is no major trend. It's an oscillator.
There is a very high probability of going down to the previous swing low because charts like BNBBTC, LTCBTC, XMRBTC, TRXBTC and others look bullish.
It's probably a good idea to switch to Bitcoin when the price reaches my target.
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EURUSD - The downtrend is at the end! Elliott Wave + Channel
The EURUSD is successfully holding the 1.0 USD level. This is indeed a significant psychological level, and we haven't seen any weekly or monthly candles that closed below this level.
On the RSI indicator, we have a bullish divergence on this daily chart, and we also have another triple bullish divergence on the weekly chart as well! So, if you like divergences, this is definitely your cup of tea.
As per my Elliott Wave analysis, this huge downtrend should be over (or 1 last wave to the downside), and that's why I expect a corrective move to the upside (ABC correction). Let's see how big this upcoming retracement is going to be.
On the daily chart, we can spot a beautiful descending parallel channel, and if you prefer to wait for confirmation of my bias, then you can wait for the channel to breakout.
As you can see on the chart, we had 2 fakeouts during this downtrend, which indicated a corrective move. Usually, the third breakout is real!
The profit target is at 0.618 FIB + the start of wave 4.
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Binance BNB - Stronger than ETH! Best time to buy?
As I mentioned in my previous analysis, BNB hit a new all-time high on the BNBBTC pair, which is an extremely bullish event!
Also, BNB is stronger than ETH, and as per my analysis of the BNBETH pair, the uptrend should continue into next year.
On the daily chart, we can clearly see a falling wedge pattern that has been destroyed by the bulls recently. Now we are "retesting" the pattern.
My Elliott Wave analysis suggests that a major ABC correction has been completed and we have already started a new impulsive wave to the upside. Currently, we are in the second corrective wave.
Binance coin is definitely a great choice and with an upcoming alt season, this altcoin will perform much better than Bitcoin.
Look at my ideas about BNBBTC analysis and other promising altcoins in the related section down below.
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Alpine Formule 1 - Breaking out! Huge opportunity, right now.
As you may know FAN tokens show great strength compared to other altcoins.
A huge symmetrical triangle is breaking out on the weekly timeframe, as well as a local rectangle base!
Due to my Elliott Wave analysis, I expect an impulsive wave, because the massive ABC correction has been completed.
I also checked out the ALPINEBTC pair, which is even stronger, so I don't know what about you, but I am buying!
The profit target is below the previous all time high, which is a reasonable target before a possible correction.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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GOLD - New bull market has started! | All-time high next year
Gold has bounced successfully from the strong support level on the weekly chart.
As per my Elliott Wave analysis, an ABC correction (FLAT) + Wave (4) have been completed, so we can start a brand new impulsive wave!
On the weekly chart, we can spot a beautiful rectangle consolidation, which is a strong continuation pattern.
The price is above the 200 moving average. The 200 weekly MA is considered a very strong support area by huge institutions and hedge funds.
I think this will be the final impulsive wave and then we can go back to retest the rectangle from the upside.
You can place your profit target at the top of the parallel channel , but do not forget to switch to the LOG scale.
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AS Rome Fan Token ASR - Huge opportunity! Head and Shoulders!
For some reason, fan tokens have been very strong in recent weeks, so it's a good time to buy!
We have an inverse head and shoulders and a falling wedge pattern on the daily and weekly charts, which is great to see.
Also, the main trendline from 2020 has been destroyed by the bulls recently, which is another great sign of upcoming strength.
If we take a look at the volume indicator, we can clearly see massive bullish volume this year, so there is definitely an increase in interest.
The profit target is at the all-time high resistance level. You can also focus slightly below this level.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Ethereum ETH - More upside is coming! | Elliott Wave | Channel
People are calling for ETH to flip BTC, but this is really a serious thing. If BTC loses its #1 position, then it could be a catastrophic scenario and may cause a panic sell of BTC. Of course, this event will take down all coins.
But I don't really see any reason for ETH to flip BTC. If you want to bet on it, then good luck, but the chances are really low in my opinion.
But overall, Ethereum is still one of the strongest altcoins in the crypto market at this moment.
I expect one more impulsive wave to the upside to complete the superior impulsive wave (as per my Elliott Wave count).
Also on the daily chart, we have an ascending parallel channel with a very well respected upper trendline.
There is absolutely no bearish divergence on the RSI indicator, so the uptrend is really strong and stable. Of course, there is a possibility that we will retest the parallellity of the channel from the downside.
Look at my ideas about Bitcoin, alt season and BTC dominance in the related section down below.
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Bitcoin BTC - Explosive breakout soon! | Wedge | Elliott Wave
Bitcoin is still struggling to do an impulse wave with a gap. The rising wedge is close to a breakout, but be aware of a possible fakeout first.
On the daily/4h chart, we have a total of 9 waves, which is really great at this point, because this indicates a motive/impulsive structure.
Generally, 5,9,13,17,21 are motive/impulsive structures. On the other hand, 3, 7, 11, 15, 19 = corrective structures. Please keep that in mind!
So if we drop even lower from this point, to 20k, for example, then we can count this 9-wave structure as an impulsive wave and we can expect much more later.
As per my Elliott Wave analysis, the next wave to the upside should be a massive impulse wave that all bulls want to see.
The rising wedge also looks a little bit like an ascending triangle, which is, of course, a very bullish pattern.
Next stop 32,500 USDT. We can also wipe out all stop losses at this level before a possible consolidation.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Swash - Breaking out! Record volume + Base
We have an amazing bullish rectangle pattern on the daily chart that is currently breaking out!
If we take a look at the volume indicator, we can see that bullish volume is now the highest during this breakout.
You can buy SWASH right now, because the structure is already broken and the price can basically explode anytime soon. This is definitely a great buying setup.
Price is above all previous trendlines and also above the key 200 MA on the daily chart, which is also a great sign.
As per my Elliott Wave analysis, an impulse wave has been completed and I expect an ABC retracement to the upside.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
For more ideas, please hit "Like" and "Follow"!