Ethereum - Ready for explosion! (Must see)
ETH is a ticking bomb at this moment, because my analysis suggests an explosive move is about to happen. I hope your bags are full!
As you can see, the price is breaking out of a bullish pennant on the 4h chart with a successful retest. What more do you need?
The price is moving in an ascending parallel channel, and it's very important for ETH to hold this channel; otherwise, we are going to lose the bullish momentum.
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.
From the Elliott Wave perspective, we are currently still in the 3rd wave, so you don't need to worry about a potential crash; it's not going to happen. During wave 4, we will see a small pullback, but nothing dramatic. After we finish this whole impulse wave, then it's going to be awful, and the bears will step in.
The first stop is the next strong resistance. Quarterly / monthly highs and 0.5 FIB are definitely strong resistance, there is no doubt about it. This could be your profit target for this trade if you want to trade in the short term.
Since the start of the new year, I haven't opened any short positions on futures. I only trade longs at this moment, and this strategy is indeed extremely powerful, because the trend is your friend.
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FLAT
Bitcoin - Secret pattern, no one talks about!
Bitcoin will definitely reach 30,000 - 32,000 USDT this month, but after that the bears will try to shutdown Bitcoin, because of a massive resistance on the daily chart, so keep reading!
Why is the 30k-32k level so strong? We have 4 confluence points here, and different people will sell Bitcoin at the different levels, but they are very close to each other, so it can end up with a significant crash.
You can see the confluence on the chart, the levels are absolutely extremely strong, and it's really hard not to see any reaction here at all.
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.
We have seen a very positive reaction to the FOMC meeting on Wednesday, which is also important from a fundamental perspective.
My plan is simple, I don't want to short Bitcoin until we reach my specified levels. It's better to ride the uptrend with longs than get rekt with shorts. I recommend you do the same.
Look at my previous idea about "25% CRASH from this level! Be prepared." in the related section down below, very important!
From the Elliott Wave perspective, we have started a whole new bull market, and I expect this bull market to end in September 2025. How much could Bitcoin reach? 160,000 USDT or 360,000 USDT? You know my price target from my previous ideas for the long term.
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Shiba Inu - 191% extreme profit! (unbelievable)
It's absolutely unbelievable for Shiba Inu coin because the technical analysis shows an extreme pump is likely in the immediate short term!
If you like Shiba Inu, you must hit the like button right now to support the future of this coin!
There is no doubt that Shiba Inu knows how to pump drastically, and what can happen to you is that you wake up in the morning and you will see a huge green dildo, so I think you want to fill your bags before it happens!
From the technical perspective, we can see a descending parallel channel on the daily chart that is very close to a bullish breakout. Also inside this descending channel, we can see an ABC ZigZag corrective pattern. With this confluence, we are pretty confident about an explosion to the upside.
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.
We have had a 92% correction from the all-time high. There was a massive bear market from 2021 to 2022. The bear market has been completed as an ABC zigzag pattern from the Elliott Wave perspective.
What is the next strong resistance on the way up? 0.00002514 and 0.00003384 without a doubt. They are both strong resistances, where we can definitely experience some selling pressure.
I am telling you that this is going to be massive, so make sure your bags are full with the Shiba Inu coin. You can buy on the spot or go long on futures with leverage.
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Bitcoin - 25% CRASH from this level! Be prepared.
The bulls are incredibly strong! This may be the best January in Bitcoin's history. But the bears are waiting patiently to short bitcoin at the key level!
The Resistance 1 level is strong because there is a POC of the previous structure, the start of the massive previous GAP, and a horizontal level from 2021.
With this strong confluence, we can short bitcoin on the futures market for a potential 20%–25% profit. Like I have said many times, I am here for the bulls and bears. So this is clearly an analysis for the bears.
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 am a professional trader with almost 6 years of experience in the crypto market. I can tell you that with this major resistance, we will see a pretty strong rejection!
What I recommend you to do is to short Bitcoin between 28,750 - 30,100 . I will specify this level more precisely in one of my next analyses on lower time frames or privately!
If we take a look at the volume profile, we can see there is no volume area. These areas tend to be filled, and at the end of the area, we should see a big rejection.
We have only 4 strong resistance levels on the way up to the new all-time high. However, it may take some time to break it all down.
Bitcoin started its new bullish cycle in November 2022. I expect another bearish cycle to start sometime in September 2025. I have predictions for years or even decades in advance!
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Ethereum - New all-time high soon!
Ethereum is currently breaking out of the bearish descending channel after 418 days! The profits are already massive, but the good news is that we are just starting the new bull market, not ending it!
A new all-time high on ETH is closer than everyone is expecting, so I hope your bags are full of crypto. The bull market is always the most profitable session, because the risk-to-reward ratio of trades is much higher than in the bear market.
From the Elliott Wave perspective, the downtrend has been completed with a classic ABC zigzag corrective pattern. We have already begun a new impulse wave in June 2022!
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.
The trend is your friend until the end, but the trend has changed from bearish to bullish, so for swing and intraday trades, you should look mostly for longs, not shorts!
I expect this bull market to end in September 2025, so we have plenty of time! Be greedy until the whales dump again for the next bearish cycle.
This is a long-term technical analysis on the weekly / 3D chart. Pullbacks on lower timeframes are possible, so follow me for more updates!
Every bullish cycle looks different, but I look forward to this bullish price action!
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Let the FOMC front running begin.It's not Deja Vu that brings us back here.
It certainly feels like Ground Hog day in the markets every time Jerome Powell speaks.
All the Trend Lines and Moving Averages Converge for the next FOMC meeting.
Bond Bears are calling this latest move in markets as a mistake to price in 2 rate cuts in 2023.
The game has changed in the past year.
In fact, It's no longer a game but a single flat line at 4k
Hedged Equity Funds are positioned with supportive flows.
And S&P Dealer Directional Gamma Exposure remains supportive and consistently positive.
A Pull back overnight in Futures indicates to me that FOMC will be done at around ~3960 ES. At or around the 20D converges with 50D and 200D.
9D VIX has been telling a different story than stocks and this pullback was expected days ago.
9D VIX is up 50% in the last 7 days from a Low of 14.82 up to 21.84
30D Vix is down 10% in the last 7 days from a High of 21.21 down to 19.19
Naive SPX (total open interest) gamma is 3990 and should be considered a volatility trigger below.
Volatility is expected below 4000 and I'll update if S&P dealer directional gamma exposure goes negative this week.
Bitcoin - Buy here if you feel FOMO!
The new bull market on Bitcoin started with a strong impulsive structure, which is definitely a positive sign. We have an unfilled CME GAP at 20,000 - 20,450, and there is a very high chance that the market will fill the GAP; I would say 90%. We can fill this gap next week, next month, or next year, believe it or not. It happened during the COVID flash crash.
If we fill this gap, you want to buy as much bitcoin as possible for the long term investment! I expect this bull market to end in September 2025, so we have plenty of time! And what is my ultimate profit target at the end of the bull market in 2025? I showed you the previous analysis, so check it out!
This analysis is a bullish idea, where you can buy BTC if the price drops. If you feel FOMO and you need to buy cheap Bitcoin, then 20,000 USDT is a reasonable price for you. We already bought Bitcoin at 16,500 privately for the long term investment on the spot, and I do not touch these bitcoins.
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.
On the chart, you can see my main Elliott Wave count. There are multiple valid Elliott Wave counts, but I am not able to show you all of them on the same chart. For example, wave 5 of wave 3 could still be in progress, and we could make an ending diagonal wedge. We should not go below the previous wave 1, which is at 18,373. Otherwise, this Elliott Wave count will be invalidated.
The 0.618 LOG FIB is slightly above the wave 1, so this is like the worst-case scenario if a flash crash occurs to wipe out high leverage longs before continuing higher to 30k.
I am very bullish on Bitcoin and my strategy is to not short Bitcoin at all. It's better to trade longs only at this moment.
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Bitcoin will 14x - 342,000 USD - 2025 projection!
Welcome to this professional technical analysis. First of all, I want to say many congratulations to the bulls for this amazing start of the new bull market; it brings a lot of happiness back to the crypto community!
January is one of the best months in Bitcoin's history and also for me because the profits are very high, but now let's take a look at the most important thing, which is the profit target for 2025!
Bitcoin is an extremely volatile asset like no other. Every third year, we experience a brutal bearish retracement with a statistical correction of around 77% - 90%. A good strategy is not only to hold for the long run but also to sell at the top and buy at the bottom. It's not easy, of course, but it's extremely profitable.
If you are a trader, I know you are most likely interested in the next profit target for this bull market. My expectation is that Bitcoin will reach its peak in September 2025, but the question is at what price?
I know more about Bitcoin than anyone else, so let's take a look at it!
Of course, it's very hard to predict the profit target exactly to the dollar. But we can use strong tools such as FIB extensions, trendlines, and chart patterns to determine the selling point and prepare for the next bear market in 2026.
FIB extension is a very powerful tool. We need to use the LOG version and the linear version of the FIB extension simultaneously because they are both valid. On the left side of the chart, you can see a classic linear version, and on the right side, you can see a logarithmic version of the bitcoin price.
The most likely and successful FIB extensions are 0.618, 1:1, 1.618, 2:1, 2.618, 4,618, and 6,618, where we may find a top and begin a new bear market later in 2025.
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.
Trendlines are very powerful as well. We have an upward sloping trendline on both the linear and log scales.Take a look at that! On the log scale, we also have an ascending parallel channel that may have significant resistance at the top of the channel as well!
My conclusion is that the next peak for Bitcoin is going to be around 122,000 USDT or around 330,000 USDT. If we reach the first target and the bulls continue higher, then the second target is definitely acceptable!
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BTC and ETH are being pumped by Bogdanoff !
The Bogdanoff twins claim they participated in helping Satoshi Nakamoto build Bitcoin. Igor and Grichka Bogdanoff claim to have helped Satoshi elaborate on Bitcoin’s ‘predictive code’.
Bofdanoff twins died in 2022. They were both at the same hospital, Grichka died six days earlier than Igor. The twins also claim to have known Satoshi Nakamoto, the creator of Bitcoin.
There are rumors and conspiracy theories that the Bogdanoff twins can manipulate cryptocurrency prices from the afterlife. Do you think it's true? Let me know in the comment section right now!
Ethereum and Bitcoin are now unstappable, and the FOMO hasn't even started. The fear is still extremely high, and a lot of people believe in lower prices, such as 10k for Bitcoin.
From the technical perspective, you can clearly see a parallel channel on the daily chart that is currently breaking out! This is huge. This channel is also a ZigZag corrective pattern from the Elliott Wave perspective, which is even better!
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.
There is some resistance on the way up, of course. All of them are pretty significant, and I believe we will reach 4,080 USDT pretty quickly. This seems to be the strongest resistance, but we will see! I want to see the developing market structure and waves to determine the profit target first.
It's absolutely a pleasure to see that the bulls are back, and I wish you massive profits!
Look at my previous idea about ETH, where I told you to buy it almost at the bottom. Check out the related section down below!
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Who thinks that this January is the best month ever? Let me know in the comment section!
Bitcoin - Last chance to buy below 20k! (lifetime opportunity)
Congratulations to the bulls for this successful start of the bull market! It's really a pleasure to watch these candles.
Bitcoin may give you the last chance to buy below the 20k level, so I hope you are going to take this once-in-a-lifetime opportunity! You can buy on the spot market or leverage long on futures.
It's still possible to retest the previous breakout level of the trendline, which is around 18,300. So this will be your dream entry, and trust me when I say this!
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.
So, why do I believe bitcoin has reached its bottom? From the technical perspective, there are multiple indications, and I will tell you all the arguments.
The halving is coming, and usually bitcoin finds incredible strength before and after the halving event. This is statistical data based on historical performance.
Bitcoin is breaking out of the falling wedge, bullish reversal pattern on the weekly chart and also is breaking out of the major trendline established in November 2021 with a successfull retest. Basically, Bitcoin is above all major trendlines on the linear scale.
We have a bullish divergence on the weekly RSI, that has been confirmed recently. All altcoins show huge signs of trend reversal, not just Bitcoin.
As per my Elliott Wave analysis, the downtrend has been completed as an ABC ZigZag (5-3-5 structure). You can see my Elliott Wave count on the chart. We are starting a brand new impulse wave to the upside!
On the way up, there is a lot of resistance. Resistance 1 is almost certainly going to be reached. The next resistance is the 0.618 FIB + 0.618 FIB LOG and, of course, the unfilled GAPS, POC, and the previous all-time high.
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Cardano - Explosion is ticking! Bull flag ready.
ADA is definitely ready for a massive breakout on the major 3D/1W chart! I see a lot of signs, which I will show you in this analysis!
The first bullish pattern is this huge falling wedge, which is very close to a breakout, and you probably want to catch this upcoming explosion!
Also, we can see the previous descending triangle that broke down in fall 2022. Descending triangles occur before the end of the downtrend, so keep that in mind!
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.
On the way up, I see only three significant resistances. The first is the previous wave A, because people can speculate on its continuation to the downside to make an impulse wave. The second is the 0.618 FIB on the LOG scale, which is undeniably strong resistance along with the beginning of wave B. And the third resistance level is the previous all-time high.
From the Elliott Wave perspective, the whole downtrend from September 2021 to December 2022 looks like an ABC ZigZag correction. This ZigZag is inside the bullish flag, which is especially powerful. Wave C finished at the 1:1 FIB extension from wave A to wave B and at the 0.5 FIB of the previous bull market from 2020-2021, so it definitely makes sense to me.
Taking profits at the 0.618 FIB appears to be very efficient because after prices reach this level, we can expect sideways price action or a downside correction.
The crypto market shows strong signs of a trend reversal, and I believe Bitcoin could reach around 30k pretty soon! More Bitcoin ideas will be posted soon, so stay tuned, and I wish you great success and happiness!
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XLM Stellar Lumens - 2000% profit on this trade!
XLM is starting a huge bull market right now! 2000% profit is real, and in this analysis I will tell you why!
This is the macro outlook on the 3D/weekly chart. The previous bull market from 2020 - 2021 was very impulsive, and this proves how strong this coin is.
We can clearly see a falling wedge or a bullish flag pattern that is very close to an explosive breakout; you don't want to miss it at all costs!
Furthermore, this pattern is an ABC correction from an Elliott Wave perspective, which is extremely powerful when combined. You want to see a bullish flag with a zigzag pattern inside of it.
What is the profit target? We can use a parallel channel projection to establish the end of the bull market, which is around 2 USDT. It also depends on how fast the uptrend is going to be.
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.
On the way up, we have a lot of resistance, so check it out; I marked it on the chart. All of these are very significant levels.
There is no full price history of the XLM coin on TradingView, but if you take a look at Coingecko or CoinMarketCap on the LOG scale, then you will see how strong and stable this coin is.
The bull market is starting, and you want to deploy your USDT and buy some great coins, such as XLM, or you can trade futures as well.
This January is like the best month ever, so enjoy it!
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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.
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Bitcoin - Exponential pump, right now! (must see).
I know more about bitcoin than anyone else, and I am telling you that this bear market rally will be huge! But at the end, it can be destructive.
Bitcoin is absolutely prepared for an exponential pump to 38,981 USDT! In this analysis, I will tell you why, so keep reading, you don't want to miss it!
First of all, a major impulse Elliott Wave has been completed (69,000 -> 15,476), and people are calling for 13K, 10K, and 6K. I think it's definitely possible to reach these low levels, but first we should have a bullish ABC retracement (correction), and I was looking for an optimal retracement level, which is the 38,981 level.
Why 38,981? It's the 0.618 FIB retracement of the major impulse wave + the last GAP that needs to be filled + the previous consolidation structure's POC. This is the strongest level, and it's the open gate to a new all-time high.
Unfortunately, this is going to be a bear market rally, and after we hit 39k, we could continue in the bear market and fall down to 6k–10k to complete this bear market.
If you want Bitcoin to grow exponentially, hit the like right now!
The volatility index on BTC is at an all-time low, which suggests an exponential move is likely. I think the move is going to be to the upside because there is not enough fuel to go down. The falling wedge is a huge barricade, and the bears don't want to go against it. So for the bears, it's better to transform into bulls and ride the bear market rally!
Have you seen that huge green dildo on Solana? It's an indication of a trend reversal not only for this coin but for the whole crypto market.
What's more, if we take a look at the RSI indicator on the weekly chart, we can spot a bullish divergence, which is a very strong indication, especially in the crypto market. All markets move differently, and the crypto market follows the RSI and the Elliott Wave theory much more than others.
Anyone who tells you that his strategy or bot works on all types of markets, such as forex, stocks, crypto, and commodities, is most likely lying to you. A bot that is profitable on forex is absolutely not profitable on crypto.
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.
A 131% pump from the current price is likely, and it's time to fill your bags with altcoins if you trade on the spot market. Otherwise, you can open a leveraged position on bitcoin on the futures market. Personally, I am a futures, options, and spot trader. I want to take advantage of all of these products.
Look at my extremely important idea about "Bitcoin: All of the Reasons Why the Bottom is Near (in)" from November 13, 2022 in the related section down below; you must see it!
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ApeCoin (NFT) is pumping thanks to Donald Trump! (massive)
APE coin looks very strong at this moment, also thanks to President Donald Trump and his NFT collection. That is also great news and an important catalyst for the NFT coins, such as the APE coin.
APE coin is currently breaking out of the falling wedge pattern on the daily chart! The main downtrend wave has been completed, and now we are looking for a bullish retracement.
How far could the APE coin go? Well, I am personally selling APE coin at the strong resistance, which is the 0.618 FIB or monthly resistance + GAP (10.5 - 11.3). My entry price is 4.112.
I share my trades 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.
From the Elliott Wave perspective, unfortunately, this coin still looks pretty weak. We can spot two corrections: wave 2 and wave 4. This appears to be an impulse wave, implying significant selling pressure and the possibility of another major crash in the future.
APE is a great coin to trade on the futures market because it's highly liquid and there are a lot of opportunities. You can short APE at the 0.618 FIB, and this is exactly what I am going to do later!
The crypto market is very bullish at this moment, so I am not shorting anything and am only going long.
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Ethereum is about to explode! (brutal)
Let's celebrate with me this massive upcoming pump on ETH! The chart is now extremely bullish, and in this analysis, I will tell you why!
As you can see, the price is printing an ascending triangle on the daily chart. Ascending triangles are very powerful, especially at the bottom of the downtrend!
From the Elliott wave perspective, this triangle is a nest with 2 impulse waves, which we can label waves (1), (2) and Waves 1, 2. This is definitely not a corrective pattern in this case.
I am sure you have seen the huge dildo on Solana; what if I tell you that something similar may happen to ETH? I predicted this exponential pump on SOL 3 weeks in advance, so check out the related idea about SOL down below!
We have a tremendous unfilled gap between 1352 - 1448, and the market wants to fill this gap, which gives us high confidence in this upcoming move.
On the way up, we have basically 4 resistances. The first is the 1448 0.618 FIB + FTX dump, followed by the parallel trendline, the previous POC, the start of the GAP at 1545, and the 1680 monthly / weekly high. These levels are good for intraday trading.
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.
Two scenarios are now possible. We will spend more time consolidating in this ascending triangle, or we will break out very soon!
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Shiba Inu is breaking out! Take a huge profit here.
Shiba Inu is absolutely prepared for a massive uptrend on the daily chart! We can see that the price is breaking out of the falling wedge pattern.
This falling wedge pattern is not a standard wedge because it is also an ending diagonal from the Elliott Wave perspective, which is a powerful combo.
Also, on the RSI indicator, we can spot a bullish divergence between the swings. It's also a strong indication that the bears are losing steam.
It's a great time to open a long position on the futures market, as I already did!
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.
Now the most important question is: where is the profit target? On the way up, you obviously want to target strong resistance.
Strong resistance is undoubtedly the start of the previous GAP + top of the parallel channel, and if the bulls break this level, the previous consolidation structure's POC will be reached. You can see these levels on the chart!
If you haven't seen my analysis about Bitcoin's exponential pump, then you must, so check out my related section down below.
December was an extremely good month when it came to opportunities in the crypto market, and January is starting very positively as well.
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BTCUSDTwave 2 flat 335/wxy wave structure.
SL at the invalidation point of a wave 1 at 17050
target 16300
Guidelines
• A corrective 3 waves move labelled as ABC
• Subdivision of wave A and B is in 3 waves
• Subdivision of wave C is in 5 waves impulse / diagonal
• Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three
• Wave B terminates near the start of wave A
• Wave C generally terminates slightly beyond the end of wave A
• Wave C needs to have momentum divergence
Fibonacci Ratio Relationship
• Wave B = 90% of wave A
• Wave C = 61.8%, 100%, or 123.6% of wave AB
Ethereum - Big overview of the bear market.
The bears are in full control because ETH is below the two major trendlines and also below the 200-day moving average.
We have a FTX GAP between 1545 and 1352. This gap was caused by a huge panic sell-off of traders due to the collapse of the FTX exchange and by CZ Binance, who tweeted that he was not going to buy FTX as he wanted. This gap can be filled, but of course it doesn't have to.
Also, there is a 0.618 FIB at 1415 + the top of the yellow trendline + the 200-day moving average, which is another strong resistance. The bulls need a lot of strength to break this zone, and even if they are able to do it, there is another white trendline, which is the top of the parallel channel at around 1800. It's hard to say if the bulls will be motivated enough to break it.
I don't want to be bullish about this strong resistance, but we can definitely touch it, no problem. At this moment, my trades are only short-term swing and intraday trades, so I am not thinking about buying any coins for the long term.
I still think the bear market will continue in 2023 because other coins look extremely bearish, including Bitcoin.
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.
As you can see on the chart, the price is moving in two parallel descending channels. The top trendline of the first white parallel channel has only two touches, so the third touch should be rejected strongly.
This is a bearish Elliott Wave count, and we are currently at the 3rd wave of the 5th wave. I suggest continuing lower to complete this impulse wave.
I would love to buy ETH for around 250 - 300. I believe it is possible to get there, based on other assets such as stocks. TSLA, META, NTFLX, etc. are experiencing the biggest crash in history. And ETH is also, basically, in the IT sector.
If ETH drops below the key resistance of 1073, I expect a huge flash crash to the bottom of the descending channel.
Overall, I am bearish, and we may definitely see some relief rally. But don't get rekt by the main resistance I mentioned earlier.
Look at my idea about SOLANA (exponencial growth) in the related section down below.
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Solana - Exponential growth, right now!
Solana looks extremely strong at this moment, and it looks like we will have an explosive pump! But it has already begun.
From a technical perspective, we need to retest the previous blue trendline, which is at 29.8 USDT. It's also the point of control for the previous price action. This is the first profit target, and I recommend selling SOL here.
The second profit target is more advanced. There are a lot of stop losses above the wave (4), so the market might find enough strength to get there. It's at 48 USDT.
In my previous analysis on Solana, I recommended buying SOL at 8.6 USD, so check out my previous idea in the related section down below for more details.
The chart is printing a broadening falling wedge on the weekly chart, and there is definitely the possibility to touch the top of the wedge in the immediate short term!
This analysis is not a trade setup; there is no stop-loss, entry point, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
As per my Elliott Wave analysis, the major impulse wave from the previous all-time high has been completed successfully, and at this point we should look for an ABC retracement to the upside.
I see a lot of signs that Solana has temporarily bottomed out on lower timeframes. The strength is currently incredible.
Counter-trends tend to be steeper, so there is a possibility of hitting my price target at warp speed.
If you want to trade Solana intraday, it's definitely a good opportunity because the volatility on this coin should be insane. I recommend only longs.
Thank you, and for more ideas, hit "Like" and "Follow"!
Solana - Buy here for a 452% PROFIT! (Best level)
You are wondering why SOL is falling drastically and maybe where the best level to buy is. In this analysis, I will show you!
Technically, this coin is very weak. The downtrend is steep and very impulsive, no doubt about it.
But it is also a great opportunity for buyers to speculate on the midterm long position. But first of all, we need to find the best level for it.
Fibonacci is a very powerful tool, and we can use the confluence of the FIB retracement and FIB extension to look for a level where there is likely to be a trend reversal point.
We need to take a FIB retracement (LOG FIB) from the previous huge uptrend from 2020–2021. We can see that 0.618 FIB is at 8.52 USDT. 0.618 FIB is, of course, the strongest FIB level.
Also, we need to take a FIB extension from wave 3 => 4 to predict a fifth wave. There is a pretty good chance that the trend reversal point can occur at the 1:1 FIB extension, which is around 8.74 USDT.
Because we have a very strong fibonacci support between 8.52 and 8.74 USDT, we can place a buy order here and wait for the price to reach this level!
Sounds pretty easy, doesn't it? I think we should see a lot of buyers here, and we can expect a major rally with a potential profit of 452%!
If you bought SOL at a higher price and you want to get out, then it's good news for you! I don't have any SOL at this moment, so I am waiting for the price to come to me!
The price is moving in the descending parallel channel, and this is also a great opportunity to buy SOL at the bottom of the channel, so we have another confluence to buy SOL!
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 hope you guys will take this trade! Take care.
For more ideas, hit "Like" and "Follow", right now!
Binance 80% CRASH! Black swan crypto event.
Fundamentals first. Binance Exchange is losing customers; that is a fact that everyone knows. The huge scandal occurred just before Christmas, but it looks like people have already forgotten what happened.
What is causing Binance Exchange to lose customers? First of all, Binance Exchange itself is banning users all around the world for no reason. My friend got banned before Christmas, 1 day after he opened a short position on BNBUSDTPERP futures. I received a lot of messages from people all around the world saying they received an email with a permanent account suspension. Half of them could withdraw their funds; the other half could not. So if you received this email and you don't know why, Binance Exchange can ban you without any reason, just if they want to.
There is a conspiracy theory (not verified) that Binance cannot have a monopoly on crypto; bigger players refuse to accept this fact, so they need to reduce it by force.
I think Binance is a great exchange, the most liquid exchange. But these are facts that everyone can verify.
BNB coin is currently worth 245 USDT. In my opinion, the price is very expensive at this moment, due to recent scandals and lost customers. 50 - 100 USDT is a fair price to me; I am not willing to pay more for the coin.
If something is too big, it will destroy itself, so there needs to be competition. Monopoly is not a good thing.
I want to give you some tips: do not short BNB directly on the Binance exchange if you don't want to get permanently banned like my friend.
The best option is to store your cryptocurrency in a hardware wallet such as Trezor. And use only a portion of your funds on exchanges to trade spot or futures. Leverage is good because you don't need all your funds and will transfer the risk to the exchange. Together with "stop limit" orders, you can trade very effectively even with a small amount of your funds on exchanges.
Binance CEO Changpeng Zhao (CZ) said on Twitter that "for most people, for 99% of people today, asking them to hold crypto on their own, they will end up losing it." In other words, if you hold crypto on your own, you will lose your funds, so you should hold all your funds on exchanges. I was shocked when I saw this. He made this statement during the massive bank run on his exchange, giving the impression to others that he was threatening people and convincing them that their funds are safe only in his exchange.
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Now let's take a look at the technical analysis, which is the main reason why I am bearish on BNB. Both the technical and fundamental analyses are bearish.
The uptrend from June 13, 2022, to November 7, 2022, is clearly weak. It's an ABC corrective pattern, which is usually followed by a massive crash.
80% crash to 48 USDT is, in my opinion, very possible. Everything is going down, including META stocks, TSLA, etc. So if you believe in the future of Binance, 48 USDT is your desired price.
You have no idea how much BNB people accumulated in previous years or how many leveraged long positions on futures are open. The market usually wants liquidity.
The price has been moving in the descending parallel channel, and we can retest the channel from the downside.
As per my Elliott Wave analysis, the whole structure looks very weak. The first impulse wave appears to be an ending diagonal wedge. The bulls are not interested in this coin.
48 USDT is a very strong support because it marks the beginning of the massive gap from 2021 as well as the breakout level of the previous structure from 2020.
I am very bearish on the crypto space, not just the BNB coin, as you may have seen from my previous posts.
Binance is the most liquid exchange and CZ Binance did a great job bulding it.
Thank you, and happy New Year!