CFcryptoTA

CFcryptoTA

Hello Everyone. Many of you are aware that I am a fan of Elliott Wave Theory. Although I use various conventional tools, I always incorporate EW to point me in the right direction. I have highlighted my belief that BTC is in a regular flat correction in past posts. This simple correction can be found either at Wave two or wave 4. Considering that wave 2 of this...

CFcryptoTA

Hello everyone, There is not much to say here. In my previous idea, I highlighted how BTC has started a clear intermediate beartrend and I was expecting a break of 42k to reach 35-36k. That's happened. Now what I am eyeing although we saw an increase in volume at this level with a spring at 33k it looks like bulls are not following through and bears are clearly...

CFcryptoTA

GM Everyone, I shared before my favourite count. However, this is also a valid EW count at the moment, which I keep as an alternative. The current correction has strong bearish momentum. Hence there is a chance we revisit the 24k. I had this count for a while. However, I was resistant to share it because of internal bias. Nevertheless, we know that bias is not...

CFcryptoTA

Hello Everyone, I expressed before in other ideas my love for Gold based on last years price actions...well, the party is about to start. Are you going to join? In the chart, I highlighted my current Elliott Wave counting. From my perception, it looks pretty clear that Gold is forming an EW triangle and is about to start the last wave E before breaking out and...

CFcryptoTA

Here we go, different supports and resistances of interest right now. The arrow points at the resistances that I would like to be violated to turn me bullish, which will give BTC good upside momentum. However, anything below that is a short and a continuation of the downtrend. It is futile to deny that BTC is in a secondary downtrend (LH, LL structure), so you...

CFcryptoTA

Here we go ADA. Bearish engulfing with bearish divergence and bearish cross of Stoch RSI on resistance.

CFcryptoTA

GM everyone, For those of you interested in my Elliott Wave counting. This respect perfectly the Elliott Wave proportion with the golden ratio. My final Target for this wave C is 28900 approximately, which will conclude the FLAT correction and sign the start of the new Bull run to 185k. This is a 600% ish gain on BTC. Imagine the altcoins. Although painful, this...

CFcryptoTA

GM everyone, For those of you that like diagonals trendlines. There are two clear trendlines at work that provide strong resistance short term for BTC. I do not expect much from BTC right now. Clear downtrend with not strong bullish signs and volume gradually decreasing, which, although many will tell you, is a good thing. However, the reality is that the volume...

CFcryptoTA

Hello Everyone, Solana doesn't look in a great place at the moment. It has just completed a Head n Shoulder with target 70 dollars. This also agrees with the Elliott Wave counting. I will wait for 70 unless I see signs of reversal earlier. FOLLOW ME, SHARE, LIKE AND COMMENT

CFcryptoTA

Here we go, everyone, a chart on NEAR, as many have requested. NEAR is in a strong uptrend well above its two means of 50 days MA and 200 days MA. By dividing the price pattern in waves, we can appreciate that NEAR is well into the 3rd wave of primary degree. This has started earlier compared to other crypto and BTC. As you can see from the chart, I am now...

CFcryptoTA

Hello Everyone, One of the best Technical Analysts in the world in the book Technical Analysis Explained (Martin J. Pring) explained the use of KST and different moving averages to track reversal and enter when an asset is bottoming or exit when it is topping. In this two indicators system, I use the 12 MA for short term price action and the KST, which track four...

CFcryptoTA

Hello Everyone, In August, I was already evaluating the possibility of a Zig-Zag correction for the 4th primary wave of Bitcoin. However, as things started to heat up and BTC broke above the 60k level, I abandoned the idea. However, back then, I failed to evaluate the possibility of a flat correction. This makes much more sense considering the alternation rule of...

CFcryptoTA

Hello Everyone. In this chart, I plotted what I expect to happen next for Ethereum. Although some were expecting ETH to outperform BTC, the reality is that alts are often topping after BTC, so it was following a similar pattern to the king. There was a fake-out at the All-time high, signalling the reverse trend. From there, ETH has formed the first primary wave...

CFcryptoTA

Hello Everyone, Here is a closer look at the price action of BTC expected in the next month and a half. This is a follow up to this morning idea. In this chart, we look at the current bearish wave C. I tried to track a few different wave cycles to be as accurate as possible. The future will show us if I am correct. In the meantime, I will play accordingly to this...

CFcryptoTA

Hello Everyone, The last two months have been intense in the crypto market. After touching 69k, the market dropped 40% from the All-Time High. Looking at the chart, it was logical to exit the market at around 70k. Although I called the top, I have re-entered the market at 55k, expecting the run to 100k like many others. That was a pure emotional mistake (that is...

CFcryptoTA

GM everyone, as promised, the continuation of the report HTF (Daily): The high timeframe shows a firm downtrend for BTC with a diagonal trendline resistance in full force A breakout of the diagonal resistance would be a positive sign indicating that the bears are losing their grip Nevertheless, let s analyse the move since July, focusing on the volume. Last...

CFcryptoTA

Hello everyone, If you followed my idea yesterday, you should have been prepared for this. You knew that if BTC had lost the 45500 level, then we would have broken down. Unfortunately, this has been painful for many of you. Nevertheless, being prepared should bring you a bit of comfort. BTC has just confirmed us the worst. With the current monetary policy, risky...

CFcryptoTA

GM, everyone. Unfortunately, BTC is starting to look ugly. Bulls are failing to reverse the trend (clearly bearish since 69k). They begin to look tired, and to my eyes, the failure to gain momentum on the bounce yesterday and keep the price above the 46800 is the proof. Nevertheless, we do not panic. Right now, as I explained well in the last week, I am looking...