Hi crypto traders, Using the Anchored VWAP, we can clearly see that we are in a bullish macro trend but short term correction. Bulls are in control and we will not close on the daily lower then 2.7usd. Price targets for THETA are just mind-blowing. We could see even 200usd per THETA. But better exit, it will be once the price touches again the yellow log scale...
Hi crypto traders, I use VWAP for my entries and gauge the market sentiment. When price is way above the vwap line, it means many people are sitting in a lot of profit which has negative effect to the price, since traders are tend to sell. When price tests the VWAP, it is a good price for entries. CHZ looks bullish overall and NOW is the moment to enter ! Stay safe!
VWAP is an indicator measuring price and volume compared to the moving average measuring price only. I take a major low or the beginning of the trend and i plug the VWAP. I also go to the previous swing high and do the same. Usually it creates a space between the 2 VWAP lines which is considered a non trading area and I wait for price to break either direction ,...
Hi crypto traders! I saw many bullish predictions about this crypto and I want to give my point of view. Cryptonary group is pushing for this coin and their future utility but the chart is telling us the opposite. Long term hold looks bullish but you need to buy at a good entry price which it will be around 4-5 usd. Many RUNE holders are sitting on massive...
We found some resistance around the 2900 usd area which is where the 34 Daily EMA is located and also the fib level of 55% from the swing lows. I am expecting an ABC move to the upside and the area between 3500-4000 usd area. This is just an indication, please check my other analysis below and also other crypto traders in this platform so you get a full picture...
Hi crypto traders, After many years of using Fibonacci retracement, my predictions started to be less relevant since Trading View started allowing to change the fib levels from regular scale to LOG scale. Since then I got confused especially with crypto that many coins 10x easily. So i decided to get my own fib levels tool (feel free to back test it on your...
Hi crypto traders, Close all your social media crypto related and come back in 2 months. Don’t get emotionally distracted by all that noise from “influencers” and crypto press. The charts tell all the story! TA: on the weekly chart, we have formed a hidden bullish divergence, which it shows that we have bottomed for now. This specific divergence is when the...
Hi crypto traders! 34 is a Fibonacci number that not many people use for retracements. It is mostly used for the moving averages. But here we are, not following the herd like many newbies do! My analysis: On the wave 2, the price retraced at 34% of the wave 1. This time the price retraced to the 23.8%, but this seems to be the wave A of the ABC correction....
Hi crypto traders, This is a follow up on my other analysis on ETH and the reasons I believe the ETH price may consolidate for longer than we think. An ascending broadening wedge is usually a bearish formation with price target the bottom of the wedge. Although, this pattern have same odds to break to the upside, the RSI gave the direction already, which is...
Eth had a 5 sub-wave down correction which it can indicate a Zig-Zag correction at least. A Zig-Zag correction is a 5-3-5 wave count. Based on this theory, the wave B, should have 3 sub-waves up, as drawn on the chart. In case we see this pattern, we may expect at least to revisit the lows of 1500usd and even lower. But this is a short term (1-2 months) correction...
I found an interesting pattern. The last time that price dropped in a similar manner, it was in sub wave 4 of wave 1. Perhaps less violent. How i did it: So I measured the sub wave 4 of wave 1, and found that sub wave 5 went up to 300% log fib extension. I did the same with wave 4 and used the same fib extension and found the price targets of 7usd area. Same...
Hidden bullish divergence happens when the price is making a higher low (HL), but the RSI is showing a lower low (LL). Based on this, in the next few weeks, I am expecting a strong bounce from here. Stay safe!
Hi crypto traders! TEL had a massive run, similar to DNT. This subwave 1 of wave 5, TEL broke first. This is a good signal for DNT as it may follow this same trend too. Anyways, back to TEL, if you draw a fib extension from the previous highs to the all time lows, you can find the 65c fib extension as a major target. When it comes to Elliott wave count, you...
The TOTAL crypto market cap is experiencing a heavy indecision between sellers and buyers. This pattern usually happens at the top of the run and it can be a continuation pattern. This is a rare pattern and until failure of the 5th wave, we are still strongly bullish Stay safe!
{Anchored VWAP displays the volume-weighted average price for a specific time period, starting from a user-selected point. In other words, Anchored VWAP shows the price of an asset adjusted for its volume starting from any point chosen on the chart.} Or for newbies: above the VWAP, bulls are in control. Below, bears have the upper hand. For the moment, BTC...
Zil is one of the easiest coins to trade on technical analysis. I am not listening to any media or moon boys on Twitter or YouTube. Just pure TA! We have formed the wave 4 and we are getting ready for the last mega wave 5. The wave 5 must have 5 sub waves and should be easily identifiable. My most realistic price is between 100% extension of level 3 which is...
As you can see on the chart, by using log scale fib levels , the wave 3 is smaller than wave 1. So the wave 5 will be smaller than wave 3 (rule of Elliott wave). Price targets are on the chart and personally I don’t see XRP above 8.4usd per coin. We may see a max price of just below 22usd but this is highly unprobable and risky to hold above 9 usd. Stay safe
Bitcoin seems to be entering in the last lag up before a multi year bear market(with multi months bull market in between). 335k usd seems to be a nice Fibonacci level to observe and we may need a long time before to see again those prices. Alts seem to be taking control of the crypto market, which seems logical to me as they become more and more attractive to...