EWT/USDT- The breakout you do not want to miss. Great Setup for Energy Web Token-
If it can break the indicated level and flip resistance to support there could be some substantial gains to be made.
(A small break followed by a supported retest would be a major indicator for me and create the ideal setup)
Alternately if BTC continues to dip there should be some really good entry price options over the next month by simple DCA in the historic support zones.
If BTC plays friendly some high targets will come into play.
Keep an eye on it.
As always just my thoughts and TA,
Feedback Welcomed.
Bingaz.
EWT
Beginning Wave V of Impulse off July LoEnd goal is 506-510 by as early as April, but more likely May
Near term there is a decision point at 434 that will at least be tested for breakout in the coming weeks. If it breaksout expect 450, then pullback to test 434 for support, then finally move to low 500s.
Risk is definitely present with the possibility of filling gap down to 404.97; however, assume wave V is realized then it would be proceeded by a corrective wave to apprx. the wave IV low (in this case it would wait and fill gap down then and not now).
Highly recommended stock long-term based on my research on the company, IBD has 448.50 as the Buy-Point. DE impressed on earnings on Feb. 17, which can act as near-term catalyst if buyers pile in on this 0.618 pullback.
Not Financial Advice, but this is a Buy atm.
$JASMY - Long Idea.Odin Zone. I can finally give away this awesome looking setup. With an astonishing 35:1 RR, this one is a no brainer.
Keep in mind that this could take 2-3 weeks to play out, and we're not safe from the black swan event. So putting the SL will be super important, as well as having a plan B for if that SL hits: There are other entries to be had as well, the .786 zone has some confluence as well.
Looking the macro count, where you can see I have the initial bearish move being done, with the 1st wave of the new impulse also done, barring a Black Swan event. If we zoom in a bit... we see the subwaves of C. So depending on whether C is a diagonal or an impulse, that will determine the timing of our entry hitting.
I won't provide the exact numbers for the ideas here, you'll have to look on the chart.
Safe trades to all, and don't forget your SLs.
Parabolic trajectory with levelsCan EWT really not get to a $5 billion market cap? Can it really not do it before the end of 2023? If it can, continuation of the current parabolic trajectory seems likely. Quality and utility likes to run early in the cycle with the garbage going to the moon late, EWT made it's move before BTC last time, will it do it again?
BTC - OK - Now we can talk about a bigger pullback incomingI am finally ready to talk about a real possibility that we'll see a pullback coming soon. Watch the zones up above us around the 26300 area. There's likely going to be a pullback starting from there.
Be careful not to do anything stupid, though. This is still a bullish trend after all. Whatever pullback we do get is likely not going to go to your downside, take out november lows, targets.
Believe me when I say that whatever pullback we get will quickly get bears frothy and totally overleveraged and will probably just get decimated again.
The bigger question is whether or not this 5 wave structure is the beginning of a bigger move up, or if this is the completion of a move. We will need to wait and see how we come down from the highs to make a determination on what happens next.
Watch your indicators. They're going to be very valuable here. Watch for buy alerts and squeezes.
Trade carefully! Cheers!
Clear the way for ACHI'd like to give a little update on our friend ACH. From the lows, we can see there are several spikes in price action. It started in late December 2022 where there were two quick spikes when price discovery was near the lows.
Then things got really interesting. Here's what I love about crypto and alts in particular, the spikes that you typically see are followed by more sell offs. Take a look at October 14 for example. We can see a big spike that lasted roughly a day and it was followed by a sell off that led to new lows in early November.
So far that is not the case for ACH. Now certainly the market can take a downturn at any time and it probably will. I'll update the count as the price action evolves, but as of right now, we've gotten above some significant resistance, including that resistance from October 14 2022.
Additionally, we saw similar spikes on January 16 2023 but the difference this time is it did not lead to new lows. It actually led to another local high and then, as I previously mentioned, taking out the important resistance from October, which we are still above.
If this EWT count is intact, we should see a further pullback to at least 0.0166 before moving higher into at least 0.027 but more likely we will reach 0.031.
As with anything related to technical analysis, things can and do change often. I'll keep track of this count here on TradingView for my followers that are interested. There will be several trading opportunities coming down the road if you are not an ACH holder.
Is this the best place to enter? I'd say no. There are better places to find a well risk managed entry so be patient and wait for BTC to correct a little bit.
$BTC - Bitcoin Jan 2023 AnalysisBINANCE:BTCUSDTPERP
Greetings, and Happy New Year to all my fellow Berserkers!
Yearly, Monthly, Weekly closes have all just happened. Which will allow us to dive deep into candle analysis as well as EW counts. Lets start with the main count on Bitcoin. (1W log Chart)
I've identified a general target zone for the year. The box was drawn based on previous S/R, but when I drew the fib lines, as we can see it also aligns with .333-.382 Fibonacci retracement lines. Which means we have a huge amount of confluence there. 25-26k also seems like a key level to reclaim in order to attain that target. This price constitutes our previous peak after the first descent under 20k.
MTF The final piece of info I want to delve into on this chart is the MTF indicator (just below the RSI). There seems to be a weekly fakeup printing there (Gray line moving upwards, alone). But we can also see the blue line curving slightly upwards. So the next week could be very determining in the direction we'll see in January of 2023.
Elliot Wave Theory The corrective count is still a bit up in the air. This could very well be a combo (WXY or WXYXZ). The only thing we're pretty sure on is that this is not a Flat for the moment! I've labelled it ABC for simplicity and for the fact that it is the most probably count. My doubts only stem from the difficulty of finding valid downward impulses with diverging 5th waves.
Falling wedge/Ending 5th while I typically don't do this, I've drawn the diagonal line from the bottom of wave 3. I'd like to see another touch to the bottom of the wedge support in order to give us a significant boost in PA on the bullish side thereafter.
#EWTUSD - A Straight Forward 10% Short Trade?Although we are very clearly approaching the end of this symmetrical triangle within #EWT, where the price movements will be minimized and pinched together - there's still a clear 10% or more between top to bottom. Let's get that!
With a short signal coming in from Crypto Tipster v2 we're anticipating a move to the lower trend line offering good profits on #EWTUSD along the way.
If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
EWTBTC - Broken Below Consolidation Range, Where's Next?Well, the last time EWTBTC went this low was back in Aug '22, and before then the price was 40% lower than that! Are we going to see this piece of history repeat itself? There may be a few days or weeks of subtle ranging in the last pinch of triangle as pictured, but after this the drop could be quite large.
Alternatively, the drop might not happen at all, it may be a case that this drop is a slightly extended fake-out and the price will return to the (quite large) channel it's been ranging in for some months now.
Time will tell on this one!
Crypto miners auto correlation with USD index.Cryptominers, as a rejection of a basket of currencies in favor of Proof of work /stake.
According to natural selection (yes, Drobyshevsky on evenings)
The most average, gray and not so big will survive. Not the best and not so progressive.
$DXY $CLSK $HUT $SOFI $MARA $UPST $HUT
$EGLD - Eagle Brand. Finishing or finished its corrective structure. (could also just be wave A like with FTM).
The candle count on the bull market vs the bear market for this coin. Its 100% Symmetric at the moment (57 candles vs 57 candles).
I like what I see here. I would be interested in buying in heavily a bit lower for a 50RR minimum. 50% chance I will not get my lower entry because momentum is shifting in the market.
Safe trades and happy Analyses to you all.
FTM - Corrective structure for a while. Bullish short term. I could paint the 5 waves down as a corrective structure. But, I simply can't ignore how much they looks like an impulse, making me believe more in a wave A... :
- Deep wave 2 retrace
- Strong wave 3
- Diagonal 5 with a divergence.
This would be my main count on FTM. There is considerable upside to be had regardless. A notable minimum target on this would be the .382 of wave A.
Safe trades to all and happy analyses.
Virgin Galactic, Sir Richard.I reissued the chart and recalculated the quotes into sentiment. Fractal, a series of inputs 1-2, 1-2.
Target 100-1000x, stop at $3 (relative to current monetization/inflation/deflation)
It is necessary to interrupt the top of the 4th wave of the previous formation, put the initial diagonal of the pulses and correction in the form of flat, or a combination.
Follow our channel for updates.
$SOL - Looks promising. 3D Chart Log.
First off: 1-2 subminuette seems likely finished (i-ii).
Secondly: Zoomed into the subwave count of (C), we have a clear divergence at the bottom with a bounce that showed is the most volume for the past 6 months. 5 waves of C seem to be in. There is always a possibility of a lower low, but I doubt we'd be breaking into anything other than a subwave 5 of 5.
Make sure you read up on the ZigZag structural reminder on the chart itself. Going back to basics and zooming out always puts things into perspective for me.
Here's an attached copy of the weekly log without oscillators.
Gold: a harbinger of world cataclysm.While the forecast on small degrees, which is updated here on the 7th of each month, continues to come true, let's talk about the future, not about trading. So, the ending diagonal in a cyclic wave "V" is forming, with the alternative being impulse. These calculations are very similar by the nature of the expected movement, with the only exception that impulse (D) of will not break the historical maximum, and (Y) of of the ending diagonal will do so for sure. Next and before that, everything is identical.
Competent investors, some of whom subscribe to 89WAVES, have been flipping from stocks to paper gold all last year - a strategy that has produced substantial profits or reduced losses in the stock market. And all through this year, that approach will continue to pay off - gold will continue to rise, but now it will probably do so along with stocks.
After the U.S. indices and gold updated to historic highs twice, it will be necessary to get out of speculative assets into gold physical, despite its potential fall in the wave - we watch the quotations of paper gold, and everything else will fall even more strongly.
The end of the wave is the beginning of a global cataclysm that will bury all markets for decades: crypto, stock, debt, paper and commodities and the rest. We will not come to this point before the end of this year - it is necessary to have time to prepare. And I will help you in this, all you need to do is to check the subscription watch new forecasts.
$CHZ - Macro scale Elliott Wave analysis. Weekly Log. Bullish count. I do have an alternate bearish count, but both coincide with a bounce, so for now I'll keep it under wraps. I have us having finished w4 with an WXY combo. with w1-2 finished on the 5th wave. The ratios so far are nice. A move (even a wick) below $0.0816 would invalidate this count (making wave 2 go below the start of wave 1).
*Second Chart* Daily chart (still log chart) with subwave counts.
HBAR - Ending diagonal 5th wave.My previous analysis of this coin dates back 6 months.
I got it wrong in that 70% odd should have been in favor of the correction not being done. In hindsight, there was no divergence on the weekly (there still isn't). But is that the relevant timeframe? Probably not, also in hindsight. Now, having zoomed in slightly to the 3D chart (still Log), we can see there is a nice divergence on many indicators (I've only marked RSI for clarity):
RSI
MTF
Histo
Volume
Rate of Change
Is now the right time to say that we have 70% odds of the correction is over? I won't make that mistake again :D But its looking good. I'll be waiting with an alert set on my FSS Indicator to print a buy signal on this 3D timeframe to add to my bags.
Happy and safe trades to you all.
For reference, this is the link to the former Idea is below under related ideas.
RUNE - Are your bags full ? RUNE Weekly here. (linear).
Clear bottoming pattern is forming and we're in the final stages of the WXY correction (finishing up the 5th wave of C of Y). I'm really excited about this chart and have been for sometime. The last time I added to my bags was around 1.19. If we make a new low, which is about 50/50 right now, I will add more without hesitation.
Once my FSS indicator prints a buy signal, I will also buy adding to my position. After 3 consecutive Sell signals on the 3D, I am anxiously awaiting for it to go green.