Thecryptofoundry
$DENT - Looking Wave B down the barrel. This coin appears to have hit huge resistance at is ATH. I see 5 waves in Extended wave 3. It is following Bitcoin correction wise entering wave B. I do see DENT possibly going higher than ATH for WAVE B. We will be looking at either a running flat as a bullish scenario, or an expanded flat which will see a deeper correction for wave C. I would be willing to buy some for a swing in the ODIN ZONE. Always put your stop loss at a level of loss you are willing to accept
$HBAR - Lets try this againThis coin obviously needed a larger correction for wave 4 that initially anticipated. We always need to keep in mind that corrective waves often last longer than anticipated. With that being said, this count is still very plausible.
Here we have a double three within a zig zag ABC. If BTC bounces here as expected, I anticipate we challenge the ATH in the not so distant future.
Set your SL according to your risk management strategy and Trade Safe!
$LINK - The late arrival to the partyThis coin has been shilled beyond what's healthy. But honestly the chart is looking upwards.
The waves are nice and clear, if we're right about the cycle, then these wave levels should be on the conservative end of where LINK is going. I wouldn't be surprised to see it bust through 100$ before summer hits us.
$SUSHI - Is this the first coin to finish its 5 waves this run?It's hard to look at this coin any other way to be honest. That first A wave retrace gives it all away. We could see B come up a good ways -could even test ATH and above- but make no mistake, Sushi may be done this time around.
Trade Safe. See you in the trenches!
$SOL - Overextended 3rd wave... probably means trouble. Wave 3 here has extended far beyond the 4.618 extension of wave 1. This typically means a good correction followed by a truncated 5th. Let's see how this all plays out, but I'm not optimistic about challenging the ATH again soon, unless wave 3 is not finished yet (which is also possible).
Trade safe!
$WIN - Lets see if we can reclaim the previous support. My concern here is the lack of divergence on the RSI.
We can see clear divergences on Histogram and OBV. Coins can bounce with just those, but I would have preferred to see it on the RSI as well. Bitcoin really made this coin bleed badly. Lets hope Bitcoin goes sideways for sometime so that this coin can resume its 5th wave.
$WIN - WINK in very dangerous watersWIN did bounce of the area I highlighted as the "next support" level on the .786 fib range, but is still in some hot water. I'm not convinced this bounce will lead us higher for the moment. We need a clean close above the "DANGER ZONE" for me to contemplate a trade here.
$BTC - Outlook for the next few weeksIf you're still here, you survived the 7.5B liquidation crash from this weekend and I'm glad to see you all back.
Let's take a look at Bitcoin for the upcoming weeks.
We are now entering a (b) wave which should see Alts soar in the next few days/weeks, followed by the 5th wave of this wave 3 bull run. Targets are fib related, and could vary greatly. This is just an illustration of the overall trend. (b) can rise above ATH , which would make (c) another potential huge crash.
A reminder that there is no harm in staying if fiat to see what the charts are telling us. Trade safe. See you in the ODIN ZONE.
$HBAR - About to break out of a nice bull flag. The weekend's crash really made things a bit more obvious as to what this coin is doing in terms of correction. The bull flag it is forming is obvious and the range it is in is quite considerable as well, which is ideal for a great scalp. I don't expect us to stay in that range much longer. I do however expect a retest of the upper trendline once wave 3 breaks out of it.
Caution is advised as Bitcoin has shaken up the whole market considerably this weekend. If you're still here and trading, congratulations, you probably had set a stop loss! Trade safe!
$BTC - Bullish countAs some of you may know, I flipped to a bullish bias towards the 52k area. The bear volume just wasn't there.
This is a count I,ve been watching for some time which I believe to be the most plausible count. The wave targets are fib inspired. BTC is currently trying to flip the 60k into a support. So far it has held on the first retest. It also has a long time trendline support on the 4H chart which dates back to late January. A close below that trendline would signify more bear movement to come and I will need to re-evaluate my bias.
Don't forget your SLs and trade safe!
$WIN - About to enter subwave 3 of wave 3 ? This overnight correction forced by the BTC mini dump is pretty healthy for this subwave 3. It also means that wave 4 will most likely be more a shallow retrace and wave 5 could take us much higher.
Lets see how this plays out! Don't forget to adjust your stop losses.
$HBAR - Another dip to buy into.My last HBAR idea had us in a contracting leading diagonal. This morning after the Bitcoin correction, HBAR is most likely printing an expanding diagonal as illustrated on the chart. Assuming Bitcoin is done its corrective wave for now, alts should bounce a bit harder than BTC. HBAR broke down from a somewhat strong support in the $0.365 region last night, a region that I did expect to hold, but I am still swing long on this coin. TP1 is at ATH level, and TP2 is at the end of wave 3 at the $0.90-$1 range.
This hypothesis is invalidated if HBAR dips below the $0.332 range and will need to be re-evaluated.
$DOGE - Needs to correct if we are to see new highs. The double top DOGE printed out illustrates the top of a 5 wave structure and the top of the B wave.
This is probably a short term scalp setup. I see us visiting a double bottom at the very least. If the double bottom doesn't hold I see us visiting the $0.085 region.
$HBAR - Hour of glory approaching.HBAR seems to be evolving in a contracting leading diagonal in its 1st wave since correction from ATH. I believe we're just finishing the end of wave 4 in that substructure, with a wave 5 taking us to an ATH retest. The subsequent wave 2 retrace will be the very last chance to buy the dip before this coin takes off. Do NOT get left behind on this face melting!
$HOT Swing play for wave 5. HOT Swing play might come to fruition in the next 24 hours. I expect more correction to come. I will be looking to enter a long between the 0.5 and the 0.55 fib range, which coincides with the powerful 4H 200 EMA support (expect a wick to the 0.01515 range).
You can ladder in a bit more if we drop to the 618 fib range, but suggest putting a SL below the 666 fib.
DENT - Is Wave C done? There was a big bounce off the 4H 200 EMA a few hours ago. We can see a few divergent signals justifying that bounce. Wave C might be done, but it was very shallow. I'm not in this trade right now and would not advise a long as long as the 200 EMA isn't retested at a minimum. I'll be a definite buyer if we can retrace to the 618 fib region at around $0.0095.
Suggested SL below $0.0084.