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Wave Analysis

OTHERS ALTSEASON X100?This is my thesis regarding an altseason that excludes the dominance of the top 10 cryptocurrencies. I believe we still have the potential for a massive altcoin season, though the exact timing remains uncertain. However, this wave count provides valuable hints and clues, suggesting that a significant altcoin rally is on the horizon. It’s all about finding the right timing. I anticipate that Bitcoin reserves and further crypto adoption by institutions will serve as key bullish catalysts, propelling the market into a major altcoin season.
CRYPTOCAP:OTHERS.D
by chase_ID
Continue to be bullish and wait for lows to buyGold prices continue to maintain a bullish trend structure intact. Today, we will follow the trend to find the low point to participate in buying. The daily line continues to rise strongly. The MA10/7-day moving average keeps opening upward and gradually moves up to 2702/2714. The Bollinger band opens upward and the RSI indicator turns upward. The short-term four-hour chart maintains a continuous new high and breaks through the 2740 mark. The moving average system keeps opening upward, the price runs along the upper track of the Bollinger band, and the RSI indicator reaches above 70. It is necessary to pay attention to the overbought situation before the US market today. Today's trading idea is to follow the trend and buy at a low price! After the gold breakthrough, the gold bulls restarted. Now the bulls are still strong. The decline is an opportunity to go long. Gold has been rising all the way, and the gold bulls continue to be strong. The Asian market has fallen back and continued to go long. There is still room for gold bulls to go up. Gold's 1-hour moving average continues to diverge upwards, and it is still the main field of bulls. The second highest point of gold, 2733, is now short-term support. Gold will continue to buy on dips when it falls back to 2733 in the Asian session. Don't rush to buy in the Asian session, and wait patiently for the opportunity to fall back. After all, gold is now far away from the moving average support. Wait patiently for the callback in the short term to continue to buy. First support: 2740, second support: 2733, third support: 2726 First resistance: 2758, second resistance: 2766, third resistance: 2774 Operation ideas: BUY: 2733-2735, SELL: 2768-2770,
OANDA:XAUUSDLong
by Jun-GoldAnalyst
Bitcoin Overshoot - Last Bullish Swing - 5th WaveMARKETSCOM:BITCOIN #trading was good to me. I was able to predict and ride the #Bullish #Cycle like a pro. Trade Recap From the $17K I was actively looking for buys. Also entered BITSTAMP:BTCUSD #Long from the GETTEX:25K mark, on the #Break-out. At the Wave 4 Completion and 5th Wave Break-Out, I went Long again on $BTC. At $100K Milestone I cashed it all in, I was a bit weary... All well documented in the previous #Bitcoin Idea. What's Next For MARKETSCOM:BITCOIN ? I am entering the Last Long, to ride the 5th of 5th Wave. After this #Bull #Swing I am expecting a considerable #Correction. After the push, some wild moves will occur, and that's because of the CRYPTOCAP:BTC.D (BTC Dominance). CRYPTOCAP:BTC.D Correction in Wave 2 will pave the way for $Altcoins (#Altcoins), thus the $Altseason (#AltSeason) to start. Yes, MARKETSCOM:BITCOIN shall fall, while the CRYPTOCAP:OTHERS ( CRYPTOCAP:TOTAL3 ) would most likely grow in #TotalMarketCap. * You can see the related ideas for more clearance. BITSTAMP:BTCUSD / BINANCE:BTCUSDT - #TechnicalAnalysis - Elliott Wave: #Impulse Confirmed (5th Wave) - Mar '20 - Apr '21 #Fractal (orange) - #ATH Break-Out & #Support My Levels For Longs - Entry @ $100K - SL @ $85K - TP @ $145K * After this move, I will take a break and look for #Short set-ups. This is because of the #Bearish #Fractal (red).
BITSTAMP:BTCUSDLong
by EW4X
16
COSTCO: Correction phase may be coming to an END!! Costco Wholesale is an international chain of hypermarkets with a Price Club format whose objective is to provide the best prices on quality products. At Costco you can find a large selection of exclusive products, including hospitality products, confectionery, household appliances, television, car parts, tires, toys, electronic devices, sports items, jewelry, watches, cameras, audiovisual, books, household products, health, beauty, furniture, equipment and office products... all with the best quality. It has large stores in the United States, Puerto Rico, Canada, Mexico, Taiwan, Korea, Japan, the United Kingdom, Australia, Spain, France, Iceland and China. --> What is the technical aspect? If we look at the chart, the technical aspect is impeccable bullish in a retracement phase, but the retracement phase may be coming to an END!!. After making a strong retracement overcoming the 61.8% Fibonacci zone, on January 7 the price gave us the first bullish warning (Bull). The next one to warn us of bullish strength (Bull) was the oscillator on January 13, and finally, yesterday, the FORCE aligned with the TREND and the MOMENTUM (see table), leaving everything bullish (Bull) ready to attack highs. --> What do we need to attack highs? That it overcomes its last important resistance which is the 963 area. ------------------------------------- Strategy to follow: ENTRY: We will open 2 long positions if the H4 candle closes above 963 POSITION 1 (TP1): We close the first position in the 999 area (+4%) --> Stop Loss at 899 (-6.2%). POSITION 2 (TP2): We open a Trailing Stop type position. --> Initial dynamic Stop Loss at (-6.2%) (coinciding with the 899 of position 1). ---We modify the dynamic Stop Loss to (-1%) when the price reaches TP1 (999). ------------------------------------------- SET UP EXPLANATIONS *** How do we know which 2 long positions to open? Let's take an example: If we want to invest 2,000 euros in the stock, what we do is divide that amount by 2, and instead of opening 1 position of 2,000, we will open 2 positions of 1,000 each. *** What is a Trailing Stop? A Trailing Stop allows a trade to continue gaining value when the market price moves in a favorable direction, but automatically closes the trade if the market price suddenly moves in an unfavorable direction by a certain distance. That certain distance is the dynamic Stop Loss. -->Example: If the dynamic Stop Loss is at -1%, it means that if the price drops by -1%, the position will be closed. If the price rises, the Stop Loss also rises to maintain that -1% in the rises, therefore, the risk is increasingly lower until the position becomes profitable. In this way, very solid and stable price trends can be taken advantage of, maximizing profits.
NASDAQ:COSTLong
by jmesado
Bitcoin and altcoin overview (January 22-23)Yesterday for Bitcoin, as expected, we received a reaction from the buyer and reached the selling zones. At the moment, sales from these zones are quite weak, and we also noticed absorption of sales on the cumulative delta. Therefore, purchases are likely to resume again, but if they cannot overcome the current weak wave of sales, we will probably go for liquidity at $100,000 and to the next buyer zones. Selling zones: $107,000-$109,000 (volume anomalies). Buying zones: $102,000-$99,600 (volume zone), $97,400-$96,300 (volume zone), $92,400-94,300 (volume anomalies), $90,600-$86,300 (accumulated volumes). Interesting altcoins For SWARMS coin, we may see a continuation of the upward trend. We are considering long positions from buying zones $0.19-$0.17 and $0.14-$0.115 if there is a reaction.
by Crypto_robotics
1