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This is the literal BOTTOM for Energy Web Token (EWT)EWT has broken out of a 2.5 year downtrend which markt the literal bottom if I know anything about TA. Focus on Renewable Energy EWT aims to accelerate the adoption of renewable energy sources by creating a decentralized platform where energy assets can be easily and transparently operated. Given the increasing importance of green energy, this sector-specific focus could give EWT a unique edge. Strong Partnerships Energy Web Token has built partnerships with prominent players in the energy sector. This not only provides it with credibility but also helps in real-world adoption, which is a key metric for any cryptocurrency. Not financial advice.
Long
by MickYe333
1
$ 3.200 as bitcoin bottom (open for discussion)In a few words: This alternative scenario for BTC is mainly based on log-fib relationships. According to it BTC is in wave (4) of its major cycle which would have a high probability to end around $ 3.200. In this case wave (4) would reach the 0.382 (log) of the length of wave (3) which happens to be the exact bottom of wave iv. Please note, this is just an alternative scenario. No FUD intended and mainly directed to other EW-analysts. Open for discussion.
BNC:BLXShort
by MisterCoinlover
4
Mega bear nest or rare WXYXZ pattern? - updateBulls did win the battle today and moved close to invalidate the bear nest and potentially make the WXYXZ pattern as complete. I am still suspect as the last wave down (off the 4653ish high) even though it is a 3 waver (Friday's low broke the 1st of Dec low), wave 3/C is too short. Normally the 3rd wave is the strongest even if it's a C wave, so having the C shorter than A would be rare, though technically still possible. Tomorrow we are likely to have a resolution. If bulls can push higher and overlap the 4653 high, then it's very likely the dip is done and we go back to ATHs. If tomorrow is red... well, bulls should be careful as long as 4653 is not overlapped. On the bear side - they wanna reject here obviously and push below 4570-4575. If they can do that, it would be a warning they are trying to step back in. Below 4535 and we are probably on our way to sub 4500 again.
TVC:SPX
by alx13
1
Mega bear nest or rare WXYXZ pattern?The market has been making lower lows and lower highs since the ATH, but what is adding to the uncertainty is the fact that all these waves have been overlapping. Now normally that doesn't happen in Elliot Waves, unless we are seeing a Diagonal pattern (either ending or leading). The other situation when waves overlap is when they are a series of 1-2 waves (nested waves) which means the move in that direction will be stronger than usual. In the current situation, we've had a series of 4 overlapping wave sequences with Friday's sequence potentially being the 5th one (if we consider the high to low a complete wave and the bounce late day as wave 2/b). Having a 4x (or 5x) nested bear wave, would mean the markets are getting ready for a melt-down of Feb-Mar 2020 proportions. The good news is that there is another option, which would only imply one more wave lower until this correction ends. The VERY rare WXYXZ pattern. The market did throw at us a few WXY pattens along this bull market to keep us guessing, but WXYXZ patterns are ULTRA rare. As in one in a few years. So that is something to keep in mind. However I do think that this time, we might actually be dealing with one. The 4x nested bear wave would imply the markets will implode and drop vertically hundreds of points, which is also pretty rare in December (which is usually bullish). Next week will be decisive as to which one plays out. Outlined below is what to watch for: 1. The bear pattern in black. And it is quite simple: it should start accelerating lower and keep going, with any bounces unable to overlap the prior lows. 2. The bull pattern in blue. This would see the market having one more wave lower (either directly or after going a bit higher on Monday). Target should be somewhere in the 4400s SPX. 4450 maybe 4430. After that we should see a bounce that overlaps the recent low at 4508. That would be the 1st sign that the bull pattern is playing out. While confirmation will come once we finally overlap one of the lower highs. Good luck and trade safe!
TVC:SPXShort
by alx13
3
Energy Web - insane fundementalsHave been in EWT since early last year, currently focusing in on Carbonswap DEX liquidity pools based on energy web chain with zero fees. Energy web price action is somewhat abnormal lol. Soon we will see EWT staking coming just around the corner which has been long awaited, so could be oppertunity for accumulation within this triangle. I am just monitoring this triangle for now, as i am already fully loaded... but a breakdown of this triangle may just switch up for a second. Ill be back with some updates or perhaps a new idea.
KRAKEN:EWTUSDLong
by TraderE9
2
How To Know When And Why Bitcoin Is Confirmed Bullish Or BearishBitcoin is at the crossroads as to whether it's bullish or bearish. In this short analysis we'll explain how and, more importantly WHEN, you we determine which of the two it is. By being able to identify the technical direction at the earliest safest point, we'll either be given the gracious opportunity of stepping away from the fast-approaching freight train, or - in the case of Bitcoin actually being back to bullish - we'll be able to hop onboard it before it catches on too much speed. As continually stated here on Trading View over the last few weeks Bitcoin is, until proven otherwise, in the midst of an ABC zigzag correction. The steep bullishness we're seeing at the moment is likely just a bull trap B-wave. And the very steepness of the last couple of weeks' price development tells that story on its own. A few weeks back we re-entered with the entirety of our Bitcoin position (or rather Marathon Digital Holdings for the leveraged effect) upon Bitcoin breaking above its half-year long diagonal RSI resistance. This had been rejected some 8-9 times depending on how you count. And as always within technical analysis, the more times a support or resistance is being tested, the more violent the eventual outbreak tends to be - at least from a statistical point of view - as legion of pent up pressure is released. And that's exactly what we've seen since in Bitcoin as it's gone up by 45% since its RSI breakout. So how then do we know whether this is a mere B-wave bull trap or whether it's in fact that bullish reversal towards new all-time high that everyone seems to be eagerly waiting for? Well, if this were to be the B-wave of that zigzag, we know that the B-wave on its own should consist of an ABC (see picture below). In an ABC zigzag correction the C-wave of the B-wave (the one we're in right now) is typically shorter than the A-wave of the B-wave. Yet, the C-wave can still reach equal length of the A-wave, albeit it's not as common. At the moment, Bitcoin is trading right at a technical confluence of resistance. So far the C-wave of that B-wave is shorter than that of the A-wave of the B-wave. If they were to be of equal length it'd bring Bitcoin to the 618 fib between $50 000-51 000 (the $13 000 length of the A-wave added onto the B-wave bottom of the B-wave). Now, as we've concluded we're in the prospect C-wave of the B-wave. We also know it's statistically unlikely for that to equal or exceed that of the A-wave. This is where the magic starts to happen. First of all, if this were to be the end of the zigzag B-wave it naturally follows that the next retracement below $50-51K should amount to the 1st wave of the 1st wave of the C-wave. Such retracement would have to at least reach the 382 of the C-wave of the B-wave in order to "count". If such retracement - which would be clearly visible on the daily chart - were to again be recovered price-wise, it would automatically disqualify the ABC of the B-wave as it would then have initiated a fifth wave. If, upon the next retracement that reaches at least the 382 fib, the price were to recover and take out the previous top we will KNOW that this is not the B-wave of that big zigzag, but rather a bullish 5-wave impulse - the first wave impulse out of a bigger 5-wave impulse - for a solid preparation towards new all-time highs. The same zigzag nullifying principle applies if the price were to continue past $51 000 as it'd be a statistical abnormality for a zigzag B-wave. This would rather tell us that we're in the 3rd wave of a 5-wave bullish impulse. And the additional reason for this is simple: the 3rd waves are usually the longest (and NEVER the shortest). All in all, if Bitcoin were to correct by at least the 382 at or below $50-51K this will constitute the high risk danger zone. This is where I will release the entirety of my Bitcoin-related positions (as in Marathon Digital Holdings). Upon reaching that 382, IF Bitcoin were to proceed by taking out the previous local top it would be a safe spot to go long as this would confirm the 3rd wave bullish count and automatically disqualify the entirety of the zigzag. If the price proceeds lower, chances are increasingly in favor of the zigzag being at work, preparing the price for much lower levels - technically in the late teens or early twenties. Equally so, if Bitcoin were to break above and close above $51 000 it would also conclude that the B-wave is invalid and that Bitcoin is trading in the 3rd wave within a 5-wave bullish impulse. In essence, the things to look out for are the $50-51K zone and whether Bitcoin can stay below or break above it AND how Bitcoin were to evolve if it were to retrace by at least the 382 fib (of the C-wave of the B-wave). If it were to continue higher than the local top, it will automatically disqualify the zigzag and confirm that Bitcoin is back to bullish. And if the price does not recover, expect significant drops in price.
BITFINEX:BTCUSD
by LongLifeTrading
4
Bitcoin's Fake Rally Soon To FollowBitcoin is clearly in a zigzag formation. It's got five legs down from the April peak and is now in the midst of its B-wave. If we zoom in on that B-wave, however, we can notice that we're within the B-wave within that B-wave. And ... yes, you got it! ... within that B-wave of the B-wave, Bitcoin has just initiated its C-wave. Upon completing this, which should occur between $34,500 and $36,000 for a 0,5 or 0,618 fib match (both of which also coincide with horizontal supports) should initiate the C-wave of the major B-wave. This move in turn should take us somewhere between $45,000-50,000 before plunging Bitcoin into a seemingly abyss. This move, likely down towards the $20,000-24,000 area (all depending on where the big B-wave finishes) will take most investors by surprise and will be an event that causes despair and for people to give up. THAT'S when Bitcoin will have completed its long and tedious and, to many people painful, correction and will then be ready for new all-time highs. Make sure you're prepared for this as it will scare the living daylight out of the vast majority of investors and traders alike.
BITFINEX:BTCUSD
by LongLifeTrading
5
ETH - still needing 1 more wave up?ETH had a huge plunge from the psychological 4k level. That was to be expected, as the RSI on all timeframes (daily, weekly, monthly) was getting into nose-bleed teritorry and needed to cool off. The big question now is - did we start the bear or does the bull still have some legs? Technically we are already in a bear market as ETH dropped about 50% (technical definition of a bear market is mkt dropping by more than 20%). However, is this bull dead or is this just a "correction"? From an Elliot Wave stand point it would seem possible for this big drop to be a wave 4 correction with one last push higher (wave 5) still in the cards. This would also fit quite well the alternance of the waves, as wave 2 was a sideways move, while this wave 4 is very sharp. The invalidation level would be if ETH overlaps the prior ATH from 2018, as that is the (presumed) same degree wave 1. If that happens, then odds are the bulls is dead and this could correct 80-95% as per the prior bear markets. Personally I still think one more wave higher is needed, but I would not invest money I cannot afford to lose or keep locked up for a few years until the next bull emerges. Disclosure: I still have about 20% of my crypto holdings and plan to add in this general area. 2k is a big round number and big psychological level, it might be spiked lower to hunt the stops below, but once it's won back, I believe it would be safe to add.
COINBASE:ETHUSDLong
by alx13