Pitchforks
BTCUSD afternoon updateBTCUSD's bullish price action is not very encouraging. It has fallen outside both pitchforks without tagging either median line.
I suspect that price will continue to fall, and supports at 60182.55 and 56547.64 are likely to be challenged.
If 56547.64 support breaks, 46000-52000 might be a nice dip to buy.
I do expect at least one more push up to ATHs to complete a full impulse off of November 2022 low.
ES1!/YM1! afternoon updateChart comparing ES1! and YM1!.
YM1!'s move down from 40213 to 38111 looks impulsive, bounce off 38111 looks corrective.
I'm looking for YM1!'s resistance to hold at 40213, and I expect ES1! and YM1! to both have two impulse waves down to complete their respective (B) corrective waves.
ES1! afternoon updateI have been keeping this count alive, with the idea that the price action from the October 2022 low is completing the B wave of an expanded flat.
I am looking for the (A) wave to complete its impulse before 5532, after which I'm looking for a correction (B) towards the 4800 level, likely a zigzag. I expect it to be rather volatile.
ETHUSD morning updateMy most bearish count for ETHUSD. It has price action after March 2024 high as a regular flat (zigzag A, regular flat B, impulse C predicted). I think this case has merit, with equities looking like a temporary top is incoming.
If correct, I'm looking for price to break 3000 to be a buyer.
The fate of Not Coin / A big failure or a 10X price increaseBINANCE:NOTUSDT
GATEIO:NOTUSDT
Hello Dear Traders
⏱Despite the listing of Not Coin in reliable exchanges, many reports have been published in various sources about the network security of this project, which challenges the fate of its price. For example, I have put one item in the chart for you, one of the security indicators in cryptocurrencies for Not Coin is near zero.
➡️Looking at the status of Not Coin price chart, we can see that buyers are weakening above the yellow area.
⚡️If the price drops below the specified area and consolidates below it, Not Coin can drop to near the $0.01 level.
🔴In the opposite scenario, the stabilization of the price above the specified area or the increase in the volume of Not Coin above this area, the price can advance to the level of $0.03.
Long position on SUIUSDT 8H / Trading SetupBINANCE:SUIUSDT
COINBASE:SUIUSD
Hello dear traders.
Follow for more analysis and positions.
Long position on SUIUSDT 8H
⏱mid-risk status: 2x - 5x Leverage
⚡️TP:
1.135
1.165
1.20
1.27
1.32
1.356
1.425
➡️ SL:
1.028
The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
Long position on LTCUSDT 8H / Trading SetupBINANCE:LTCUSDT
COINBASE:LTCUSD
Hello dear traders.
Follow for more analysis and positions.
Long position on LTCUSDT 8H
⏱mid-risk status: 2x - 5x Leverage
⚡️TP:
86.5
87.5
88.5
89.5
90.5
91-92
➡️ SL:
84
The Alternate scenario:
🔴If the price stabilizes below the trigger zone, the setup will be cancelled.
📈Fetch AI can go high to $20 level / Alt Season rally📉BINANCE:FETUSDT
COINBASE:FETUSD
Hello traders.
Fetch AI is my Second suggestion for the altcoin market.
As you can see, the price has broken its long-term pitch-fork structure. As long as the price rally is ongoing outside the pitchfork, the $6.4 and $9 targets are active.🎯
Considering the previous price rally, there is a possibility of a price correction to the middle levels of the pitchfork (dynamic and then static supports).🧨
The best strategy for altcoins is to allocate a certain percentage of assets (for example, 10% of the total portfolio) to buy potential altcoins.🎲
In the following week, I will introduce and complete the list of my suggested altcoins.
I plan to monitor these altcoins weekly.
CAWUSDT a Fresh, Strong & Capable Project / (Memecoin Basket)HTX:CAWUSDT
MEXC:CAWUSDT
Hello Traders
CAW is one of my suggestions for the altcoin market (Memecoin Basket).
Highly potential for the alt rally season.
The best strategy for altcoins is to allocate a certain percentage of assets (for example, 10% of the total portfolio) to buy potential altcoins.🎲
As the alt-season rally approach, the demand for meme coins will increase continuously.
SHIBUSDT Scenario to earn 5x price growth / (Memecoin Basket)BINANCE:SHIBUSDT
COINBASE:SHIBUSD
Hello Traders
SHIB is one of my suggestions for the altcoin market (Memecoin Basket).
Highly potential for the alt rally season.
The best strategy for altcoins is to allocate a certain percentage of assets (for example, 10% of the total portfolio) to buy potential altcoins.🎲
As the alt-season rally approach, the demand for meme coins will increase continuously.
1CATUSDT Scenario to reach $0.01-$0.016 / (Memecoin Basket)GATEIO:1CATUSDT
BYBIT:1CATUSDT.P
Hello Traders
1CAT is one of my suggestions for the altcoin market (Memecoin Basket).
Highly potential for the alt rally season.
The best strategy for altcoins is to allocate a certain percentage of assets (for example, 10% of the total portfolio) to buy potential altcoins.🎲
As the alt-season rally approach, the demand for meme coins will increase continuously.
Brett done? If you find this information inspiring/helpful, please consider a boost and follow!
Quite the dump.
Pitchfork has been responsive.
Watching how this impulse retraces.
Could just be prof taking but, need a bit more clarity.
A nice step would be a reclaim of 0.96
Waiting for some clues to play off of, but a nice impulse complete is a nice anchor to play off of.
#Elliottwave
ES1! big picture updateMy bullish count for ES1!. I have us in wave 3 of (5) of ((3)) of V.
It looks like wave 2 has completed. I expect ES1! to grind up the rest of the spring and summer, with target of ~6000 and the median line of the pitchfork drawn from COVID-19 low, January 2022 high and October 2022 low.
Median Lines and Finding the Right Path When it comes to learning about markets and trading, finding the right path and committing to it is the hardest part. The right path has little to do with any technical analysis method. It has to do with structuring our mental framework so that we fundamentally change how we experience markets, trading, and loss.
In the video, I show some Median Line and Action/Reaction work but this work is useless by itself. No tool is good or bad, they are just tools we use to comprehend markets. The problem arises when the tools start using us and we think there is some kind of magic to them.
The essence of our strategy should be to structure our methods and mindset towards functionality. The journey we should commit to is one marked by fostering accountability and responsibility in all our actions. The swing trade Idea I show, takes method and structures it into function.
Shane
EURO & Olympic games are close / CHILIZ can reach $0.3 level! BINANCE:CHZUSDT
COINBASE:CHZUSD
Hello Traders
Chiliz is one of my suggestions for the altcoin market.
You can clearly see long-term accumulation of the price and the break in pitch-fork structure strictly.
Highly potential for the alt rally season.
The best strategy for altcoins is to allocate a certain percentage of assets (for example, 10% of the total portfolio) to buy potential altcoins.🎲
As the Olympics and Euro games approach, the demand for betting on matches and sports tokens will increase.
📉Think Outside the Box BTC!📈BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello Dear Traders.
🔴The market has reached the end of its suffering range and our team's holiday break is nearing its end.
⚡️ In this post I will track the BTCUSDT movements as long as it stays inside the Box.
🔴The past few weeks, the pressure of market volatility was very high and we needed a break.
We will review the market again from today.
Please share the analysis posts to support and give us energy.
BTCUSD morning updateI'm looking for key support of 65541.11 to hold, and for a daily higher high to complete an impulse wave off 56547.64 low.
The regular flat that ended at 56547.64 seems too shallow for a wave 4 or a wave 2 of higher degree. If we continue to impulse higher, my primary bullish count will have this be a 5th wave extension, to complete a primary wave 3 around 125000. Bulls immediate target is the median line of the pitchfork.