FLM had a massive impulse in 2021 and corrected for the latter half of the year. We were in a descending ABC wedge and we ended that wedge with a descending abcde wedge. Looks like the next big impulse has begun! Trade Idea: - Enter with stops below the lows (below 0.15) - Targets: 0.70, 1.20, actively manage the rest Goodluck!
Bitcoin saw a nice impulse wave which followed every rule of Elliot wave theory. We are now in an ABC correction and anticipating the next move higher. We tested the 0.88 fib perfectly. We could just move up from here. IF we move lower, pay attention to the double bottom area. Trade Idea: - Safe entry after break of descending red trendline - stops below the...
SHIB recently rejected the 78.6 where we believe it has found its bottom. We are now waiting for a breakout of the ABC correction that we're currently in. Trade Idea: - Enter on breakout - Stops below the lows - Targets: use the swings as targets with ATH as main target Goodluck!
Dogecoin saw a massive impulse in 2021 and now we're on the verge of what could be a similar sized impulse. We're in a descending ABCDE wedge now and almost at the wedge support where it would be the best place to buy. Trade Idea: - Watch for bullish pressure at the double bottom or wedge support - Enter with stops below the lows - Targets: 0.34, 0.5, 0.72,...
The long awaited breakout for Kishu is here. We're in a descending correction and approaching the final lows. Massive potential for a move up! Trade idea: - Watch for bullish price action at the double bottom or wedge support - enter with stops below the lows - strap in for a massive bullrun! KISHU 4H Let us know what you think. Goodluck!
FIL is showing us a price action that looks really familiar. In 2020, we had a descending trendline (black) which broke out and then we had a minor descending correction (red) which lead to a double bottom before we had a bullish run. Similarly, we have having exactly the same sequence of events. The next step based on past price action would be a breakout and a...
Stellar is at a very nice level to buy. We're in a wedge and approaching the wedge support and double bottom. Trade Idea: - Watch for bullish pressure - Enter with stops below the wedge - Targets: 0.42, 0.77, actively manage the rest Goodluck!
NEO is showing us a nice reversal wedge. We're currently on the E wave approaching the 2021 Impulse Generation Level. We may not get there - if we break early, watch for the descending wedge to breakout. Trade Idea: - Enter on break of descending wedge with stops below the lows - If we make it down to the structure level, watch for bullish PA and then enter with...
Ripple has reached our buy zone and now we're looking to buy XRP. For a safe entry we will be waiting for the breakout of the red trendline. Trade Idea: - watch for a breakout of the red descending trendline - Stops below the recent lows. Safer stoploss below the 0.54 - Targets: 0.9, 1.14, actively manage the rest Goodluck!
ICP is within a descending correction and we're in the E wave now. Sometimes the E wave can fall short so we should be prepared if we breakout early. Risk entry would be a break of the descending trendline. Ideally we'd want ICP to make another low but we should be prepared for both scenarios. Trade Idea: - simply wait for the breakout and enter with stops below...
SXP was in a descending reversal wedge and we saw the 5 waves down and now we've seen a double bottom indicating buying pressure. Trade Idea: - Enter now with stops below the double bottom - Targets: 1.6, 2.3, 3, actively manage the rest. Goodluck!
In an ABC correction and expecting a move up to the recent highs. Trade Idea: - Entry now - SL below the 78.6 fibonacci - Targets: 144, 154 Goodluck!
Ethereum already started its bullrun and we are currently seein the 5th wave of the First impulse. Expecting the 5th wave to be 5 waves. Trade Idea: - Watch for breakout of the current bullflag - Enter with stops below the bullflag. For safer stops, put it below the structure level - Count the next 3 waves (of 5) and exit on the 5th wave. Goodluck!
Following on from our last post on DOT where we found a divergence breakout starting the bullish wave, we now have another entry for DOT to take it higher. There are 2 ways we can trade this. 1st Trade Idea: - Watch for bounce off double bottom and enter - Stops below the double bottom 2nd Trade Idea: - Watch for a breakout of the red descending trendline -...
Gala is creating the perfect price action for a breakout. We are currently in the 5th wave and seeing a nice bullflag. Trade Idea: - Watch for a breakout of the bullflag (red trendline) - Enter with stops below the bullflag (below structure for safe stop placement) - Target the recent highs as first target, actively manage the rest We will update this chart -...
Bitcoin has almost completed its 4th wave correction. We have one more drop before we reach our buy zone. SELL Trade Idea: - Watch for completion of ABC correction and enter shorts (around the 43k level) - Targets for SHORTS: 40K BUY Trade Idea: - Watch for the 4th wave to complete around the 39K level - When bullish price action appears, enter with stops below...
We recently saw the first wave of the impulse (which was a 5 wave impulse). We are now in the second wave, which is a corrective ABC wave. We can still capitalise for the short term during the corrective phase. Trade Idea: - Watch for bearish price action at one of our sell zones - Enter with SL just above the price rejection - Targets: 0.75, 0.7 Let's make...
In our last post, we had 2 areas of interest where we would buy THETA. See below: Price came down to the lower buy zone and bounced off perfectly! We are currently up 60% from that reversal zone. Looking for continued bullish momentum. Please note that on the off chance we reject the descending trendline and make an ABCDE descending wedge, watch the double...