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Wolfe Wave

es1! retests 5kes1! appears poised for a larger move down, based on the smaller timeframe count . this leads me to believe that es1! has entered a larger fourth wave. historically, these waves take an average of 2 months to play out and typically result in a 12% decrease from the high before completing. wave 4's often retrace back into the territory of the prior degree's wave 4, and i expect this one to follow suit. pay attention to the green trendline i've drawn on the chart,,, it serves as a solid guide for where i anticipate es1! to find a bottom. dipping below the trendline is acceptable, provided we don't see any weekly candle closes beneath it. even if a weekly candle does close below, a strong recovery the following week, such as a gap-up scenario , could invalidate the breakdown. there’s not much else to add here, as the chart is fairly straightforward. keep an eye on the trendline and monitor weekly closes for confirmation. 💸
CME_MINI:ES1!
by notoriousbids
bitcoin dips below 60kbitcoin dips below 60k, but we're unfazed. i see this playing out as we move into the depths of winter,,, this crypto winter ❄️ why would this happen, you ask? the answer is simple: a stop-loss raid. a sharp wave 4 designed to shake out weak hands. distribution may have already started, hypothetically speaking, but it'll take the rest of the year to unfold. think of it like the jan 2021 -> april 2021 vibe, only on a slightly higher degree and timeframe. --- take note of the highlighted wave 2's and wave 4's on my chart. what i'm illustrating is "the law of alternation," which states: if wave 2 is flat, wave 4 will be sharp, and vice versa. all the wave 2's in this cycle have been flats, so by design, all of our wave 4's are set to be sharps. this fits neatly into the larger cycle: sharp retracements triggered by over-leveraged positions, yet consistently bought up thanks to strong demand. with each sharp retracement, however, the upward moves become smaller, as momentum gradually fades. --- w4 target: below 60k w5 target: between 150k-200k (conservatively). --- ps. i have recently shared a much more bullish idea via:
CRYPTO:BTCUSD
by notoriousbids
12
Bullish Wolfe Wave on XRXWave Structure: The chart displays a 5-point structure typical of a Wolfe Wave: Points 1, 2, 3, 4, and 5 align with the criteria for the pattern. The line connecting points 1 and 4 represents the Potential Target Line (PTL), which forecasts the future price target. Point 5 is crucial as it marks a potential reversal area, signaling a buy opportunity in bullish Wolfe Waves. Key Levels: Support: The price near the 5th point aligns with strong support within the trend channel. Resistance: Key resistance zones are observed near $12.99 and $22.50, acting as medium- and long-term targets. Indicators: RSI (shown below the price chart) suggest divergence, where momentum weakens on a downtrend, indicating a potential reversal. The green EMA200 represents dynamic resistance, and a break above it could confirm the bullish reversal. Trade Idea Entry Point: Near the current price of $9.17, where Point 5 of the Wolfe Wave is forming. This area serves as the optimal entry zone for a potential long trade. Profit Targets: First Target: $12.99 (intermediate resistance). Second Target: $22.50 (aligned with the Wolfe Wave's PTL). Stop Loss: Place the stop below the low of Point 5 (approximately $7.50) to limit downside risk. Risk-Reward Ratio: Aiming for a ratio of at least 3:1, with upside potential significantly outweighing the downside. Scenario Validation If the price breaks above the moving average and sustains, it confirms the Wolfe Wave setup. Failure to hold support near Point 5 invalidates the pattern, triggering the stop-loss level.
NASDAQ:XRXLong
by ICLV-426
$Wolf #landwolf on $avaxWolf as well as Avax and most other projects on the Avax chain/ecosystem continue to look strong and show resilience. IMO NYSE:WOLF is still an easy 3-5x play this cycle and without much hopium is an 8-12x based on mkt. cap and how well i think Avax does this cycle this could end up being a MUCH BIGGER play then anything I've said so far in this post. IF we get a retrace back to the box marker below, I'll be buying again and anything lower than that is a GIFT IMO. I look at this as a leverage play on Avax which i expect to still have a LOT of upward targets left to hit by the end of this cycle.
by rarebreed29
$WOLF on Solana UpdateABC Pattern reversal could form with the upswing movement of BTC. Wolf on Solana is a meme token that has gained traction from being the third installment character from Matt Furie's famous Boy's Club series that already features CRYPTOCAP:PEPE and $BRETT; both characters have respectfully achieved market cap evaluations over $1 billion on their respected blockchains. It seems as if NYSE:WOLF is striving to achieve the same. The token recently took a massive retracement in search of a floor and it looks like the core supporters have been found. I expect a lot of momentum from this project and team moving forward as they continue to push the narrative with their aggressive marketing into this crypto bull run.
Long
by RetiredNovice
4
$WOLF on SolanaA simple chart layout of $WOLFS on MEXC $ WOLF on Solana. Although this is a newer token I still believe that it has much more room to grow. The potential stems from the boy's club narrative, if you're not familiar with it already, it entails the characters designed by Matt Furie. There's Pepe who had an amazing launch and quickly became the new rising star in the meme coin space due to the already-known meme culture that surrounds him; but there's also Brett, Andy, & Landwolf. When Brett was launched on base, it had a similar explosion to Pepe and almost grew just as rapidly to a $1 Billion market cap. Since no other Landwolf coin has reached this fate yet, it very may be time that one does. I feel like this WOLF token is lightyears ahead of the rest and expect it to flip them very soon.
Long
by RetiredNovice
3
4HR Wave Breaking DownSorry I am traveling so don’t have access to laptop to get better chart, let’s do this from phone This is continuing our last “delusional bulls” idea - finally the 4HR wave broke down - target remain under 55k - that’s deep and sound impossible but this is 3rd time this wave pulled the price down and broke See how the price never stayed above the upper channel for long, strong sign of weakness on upside. Let’s continue to short all the way to 65k and keep stop at 71k - under 65k idea is to hold shorts but refrain for adding new shorts as the swing move can be strong if the idea was to go in trash for some reason
COINBASE:BTCUSDShort
by dad-bit
2
Delusional Bulls will say 100k coming, I will say good luckDelusional Bulls Will Say 100k Coming, I Will Say Good Luck As we step into another week in the crypto market, it's essential to remain grounded and analytical, rather than getting swept up in the bullish hype. Over the weekend, we've seen a perfect bearish Wolfe Wave pattern emerging, and this is something that savvy traders should pay close attention to. The Bearish Wolfe Wave Pattern A Wolfe Wave pattern is a naturally occurring trading pattern that can predict either a bullish or bearish trend. The pattern we're currently seeing is a bearish Wolfe Wave, indicating potential downside ahead. This pattern is characterized by five points, and crucially, Point 5 has just formed. Lack of Volume and the Trump Rally One of the critical indicators of a market's strength or weakness is volume. Over the weekend, the market reacted to the news of a Trump rally, but this reaction came with notably low trading volume. This lack of volume indicates that the upward price movements are not supported by strong buying interest. Critical Levels to Watch: 63500-63800 For those who are still bullish, there's a key level to keep an eye on: the 63500-63800 range. Unless Bitcoin can break and sustain above this range, the bearish Wolfe Wave pattern suggests we are likely to retest the lower 50000 range before any further upside can be considered. Conclusion While some may remain delusionally bullish, expecting Bitcoin to hit 100k soon, it's crucial to approach the market with caution and a clear head. The bearish Wolfe Wave pattern, combined with the lack of volume and recent price action, suggests that we should be prepared for a potential downside retest. Unless we see a significant breakout above the 63500-63800 range, the path ahead looks bearish, and a retest of the lower 50000 range seems likely. Stay vigilant and trade wisely. Disclaimer: Always do your own research before making any trading decisions.
COINBASE:BTCUSDShort
by dad-bit
13
defi summerthis chart portrays the total market cap of the defi dominance. it's currently sitting at 3.98% with an inverse h&s on a weekly timeframe. my projected upside target sits at the ath of about 7.95% --- the last meaningful defi summer we experienced was in 2020. ☀ let's make this one count. --- i'm projecting this defi market cap dominance to hit 8% into the presidential election where a soft top will likely be created. i've shared a lot of plays over the last few months with our members, and we're just chilling into november. --- tldr; hodl into a 3-4 month long alt season, and tp into the presidential election.
CRYPTOCAP:TOTALDEFI.DLong
by notoriousbids