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Cryptowick

BITCOIN - Bullish Divergence... 👀 🚀In our last Bitcoin analysis, we were waiting for the 4th wave to appear which we now have. We are on the final legs of the ABC and we have a solid level to look for price to stay above, which is above 19.5K. The bullish reversal can come in anywhere above that price. It will be more clear once we get the final leg down. We can see that there's bullish divergence at play at the moment. The last time we saw any kind of divergence, it was in 2021 where we had bearish divergence. Bitcoin went on to crash more than 50%. The bullish divergence is indicating that there's a trend reversal coming soon.. and it's going to be a big one! Trade Idea: - Watch lower timeframe trendline breaks for the 5th wave lower - Targets: 27k, 24k, 20k Once we're near the bottom, we can look for any bullish reversal patterns at which time we can load up and ride Bitcoin to 100K! 🚀
by WicktatorFX
11
CARDANO - Catch The Last Sell Off! ✅Cardano has been a disgusting downtrend since last year. We look to be coming to the end of this sell off, but not before one more opportunity to short. We're currently in the 4th subwave of wave 5. Looking for one more drop for the 5th subwave completion, which will complete the entire 5 wave bearish wave. 8H Trade Idea: - On lower timeframe, watch for trendline break for confirmation of the start of the 5th subwave - safe stops above the blue structure but you can go in for a more aggressive stop above recent highs - Targets: Recent lows 0.40 and then actively manage your position until 0.20 Goodluck!
by WicktatorFX
8
SOL - Almost Ready...SOL is almost ready for a major reversal. We are seeing the penultimate leg before the final drop. Once that's done, it would be in the perfect place to buy. Right now, we can enter short term buys back up to around the 56 level. Short Term Trade Idea: LONG - Buy with stops below the recent lows - Target 56 Short Term Trade Idea: SHORT - Once we're at the 56 level, watch for rejection and short - Targets: 40, 30 Long Term Trade Idea: - Once we see the final leg down, watch for bullish price action - Once it appears, enter with stops below the lows - Targets: 140, 200, 250, HODL Goodluck and as always, trade safe!
by WicktatorFX
10
BITCOIN - Expanded Flat OR Running Flat?There are 2 ways in which we can look at Bitcoin. The first way is the view that we're in an expanded flat correction (Scenario A) and that we're still within the ABC corrective parameters and anticipating one more drop to the 28-30k structure level. In this scenario, we are looking for the current correction, which appears to be a parallel bearish ABC correction, to break lower towards the aforementioned structure level at 28k-30k. The second way we can look at Bitcoin is with the view that we were in a Running Flat correction (Scenario B), in which case we have completed the ABC correction and currently in the next bullish impulse. The Plan: Right now we're in the speculative stage where we're looking for price action to tell us what's next. If we break the ascending red trendline for Scenario A, we can look to short Bitcoin and play the Expanded Flat correction scenario. However, if we create low volatility bearish candles, we can look for lower timeframe bull flags to take Bitcoin higher = playing Scenario B running flat. What do you guys think? Let us know below! Goodluck and as always, trade safe!
Editors' picks
by WicktatorFX
84
ETHEREUM - The Perfect Flat Correction 💰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 time to buy Ethereum. Trade Idea: - Watch for the 5th subwave move lower and get yourself ready - Once bullish price action appears, enter with stops below that low - Targets: 3500, 4800, actively manage the rest What do you guys think? See below for our previous Ethereum analysis. Goodluck and as always, trade safe!
by WicktatorFX
6
VET - MUST SEE.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 gives us a clear level to watch for price to stay above once the 5th subwave starts. This is because wave 3 cannot be the shortest. Trade Idea: - Once the final 5th subwave starts, measure the length of the third wave and use it as invalidation level for buys - buy when bullish price action appears - Targets: 0.17, 0.28, 0.35, 0.45 What do you guys think? Goodluck and as always, trade safe!
by WicktatorFX
2
EOS - Don't Miss This! 🔥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 move down, should be pretty easy to identify where the entry point will be. Trade Idea: - Watch for one final drop for the 5th subwave - Once 5th subwave appears, watch for bullish pressure on its completion - Enter with stops below the lowest lows - Targets: 3.6, 6.4. - Longer term targets: 9, 14 Will be keeping a close eye on this as the risk: reward is insane. Goodluck and as always, trade safe!
by WicktatorFX
4
Ripple - The Bottom Is Near! 🚨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 to be formed and then one final drop to around the 0.10 level before moving higher for the next bull run. Trade Idea: - Watch for one more drop for the 5th subwave - Anticipating 5th wave to complete around the -0.27 level which is 0.10 - Once bullish price action appears around there, enter with stops below the lowest lows - Targets: 1, 2, HODL the rest. Could be an enormous move! What do you guys think? Leave your thoughts below!
by WicktatorFX
9
BITCOIN - Road To 100K 🚀 (Elliott Wave Breakdown)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 made up of 5subwaves. We are currently on the 3rd subwave. We're expecting a brief retracement (subwave 4 of wave 5) and then one final dump to around the 20k level (subwave 5 of wave 5). The invalidation level falls nicely in line with the fib extension for Wave A of the bigger Flat Correction. That level looks to be the best area to look for buys. Once the 4th subwave is in place, it will be easier to draw a trendline, which we can watch for a breakout to get a nice entry! Trade idea: - Watch for the 5th subwave back down to around the 20k level - Draw a trendline using the points for subwave 2 and 4 (once created) - Entry on breakout of trendline with stops below 20k - Targets: 68K, 80K, 100K What do you guys think? Let us know below. Goodluck and as always, trade safe!
by WicktatorFX
47
NuCypher - Explosive Breakouts! ⚡️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 at the double bottom region - Stops below the lowest point once bullish price action appears - Targets: taper off position as price moves higher and higher Goodluck!
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by WicktatorFX
5
CAKE - Easy 300% Move Pending... 🔥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 - enter with stops below the structure - Targets: 17, 26, long term target 40 It is possible we may come back to test the structure to create a double bottom before moving so just be wary of that. Goodluck!
by WicktatorFX
1
SOLANA - Double Bottom?? 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 bullish price action at double bottom and enter - If we break out early, watch for the red descending trendline to break and enter - stops should be below the structure level - Targets: 140, 200, 250, HODL What do you guys think? Trade safe.
by WicktatorFX
1
XRP - SHORTS DONE ✅ BUYS ALMOST READY... 🕤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 - alternatively, wait for a breakout of the red descending trendline and enter - Stops below the recent lows - Targets: 1, 1.4, 2, HODL the rest See linked chart for our previous XRP analysis. Goodluck, trade safe!
BINANCE:XRPUSD.P
by WicktatorFX
1
VECHAIN - Breakout Coming 🚨Vechain has completed the higher timeframe ABC correction and now we simply need to look for bullish corrections to enter. We currently have a really nice bull flag with a solid trendline which we can monitor for a break. It's possible that we may revisit the double bottom before moving up so just bare that in mind and have it marked out on your charts incase we do get that scenario. Trade Idea: - Enter on breakout of corrective bullflag (red trendline) - Stops below the correction - Targets: 0.17, 0.28, 0.35, 0.45 Let us know your thoughts below. Goodluck and trade safe!
by WicktatorFX
7
EOS - Wave C completion ✅EOS is currently in a higher timeframe ABC correction. The chart posted is showing the C wave in detail, which has 5 subwaves. We can see that subwaves 2 and 4 are ABC corrections and now we are currently in the 5th and final subwave. We have marked out the extreme lows for EOS which falls at 1.365. It is possible we may retest that level before we start the bullrun. For the 5th subwave we are currently in, its likely we'll see a descending correction for the completion of C wave. The bigger trade is the buying of EOS from the bottom, which we can identify better once more price action appears. Trade Idea: - Wait for more price action to appear - Likely it will be a descending wedge, which we can mark out - Watch for break of descending wedge and enter - stops below the wedge - Targets: 3.6, 6.4. - Longer term targets: 9, 14 What are your thoughts? Let us know below! Goodluck and as always, trade safe.
by WicktatorFX
3
POLKADOT - Buy Zone Approaching - UPDATE 🚀Following on from our last post on Polkadot, we are now running gains of over 25% from our sell zone. We are still in wave C, which is a 5 wave formation. In our last post we identified the completion zone for subwave 4 of Wave C and now we are seeing the 5th and final subwave of wave C. We are looking for Polkadot to move lower to around the 10-11 level where we will be looking for bullish reversal signs. There's a potential 400% that can be made from the next bull run just on Polkadot alone, which is why we're constantly updating this clean setup! Trade Idea: - Hold shorts at breakeven until we reach 14.50 for first targets and 11 for second targets - Watch for bullish price action on lower timeframe We will update Polkadot once we reach our buy zone so we can all get in on the next bullrun 💪🏼 Goodluck and as always, trade safe! See below for our previous Polkadot analysis:
by WicktatorFX
11
BITCOIN - Where To Next? 🤔Following on from our last post on Bitcoin, we are now moving forward with the idea that we're in an expanded flat correction. We had a really nice trendline break, which resulted in running gains of just over 14%. On the higher timeframe, we can see that we're in the 4th wave which is an ABC correction. The question is: where does the 4th wave end? Is it an expanded FLAT correction or expanding correction? Weekly Timeframe: We have 2 areas of interest we are looking at. First area: Completion of expanded flat correction at around the 29k level where we can look for buys Second area: Wave 1 structure level at around 20k , which wave 4 shouldn't go beyond. In this case wave 4 correction will become an expanding correction rather than an expanded flat correction. In the meantime, we can look for bear flags and keep on selling Bitcoin until we reach one of those 2 areas mentioned above. What do you guys think? Let us know below. Goodluck and as always, trade safe!
by WicktatorFX
13
SHIBA - Parabolic Breakout!Shiba Inu is currently being held by a parabolic curve which is being respected well. We could be making a double bottom (reversal pattern) before we break out of the parabolic curve. Historically, parabolic setups often have a massive breakout. We could see Shiba blow past all time highs and make gains of over 400% Trade Idea: - Watch for price action at double bottom - If we break out early, will watch for bullish corrections on the 4H timeframe - Targets: 50% fib for first target, 100% fib for second target, actively manage the rest Goodluck!
by WicktatorFX
16
ALPHA - Important Price Action ✨From a higher timeframe view, we can see that there are 3 significant bearish phases. Phase 1 and 2 are really impulsive indicating there's heavy momentum to the downside. However, phase 3 is very corrective with short bodied bearish candles. This indicates that there isn't much momentum to the downside and that bulls are coming back into the market. We can see that after the corrective phase 3, we broke up to the upside. Anticipating further bullish momentum to the upside, back to ATH's. Trade Idea: - Watch lower timeframe for bullish reversal. Worst case we can come back to double bottom - Enter with stops below the lows - Targets: 1.300, 1.500, 2.400, actively manage the rest Goodluck!
by WicktatorFX
4