MarketAnalytix

MarketAnalytix

Well the price has created a perfect "Double-top" formation at the time of writing this post, But if price doesn't dump rapidly in an impulsive fashion, we would likely see another pump to the upside just to shake out the over-leveraged folks out, and possibly check $69,000 price range to finally complete wave X, and start the decline for wave Y to $49,000...

MarketAnalytix

Currently the price is printing a triangle pattern, which can break out up or down, regardless of the direction we can safely assume that the price will print a new ATH in Q4 - which in return re-affirms my bullish Q4 for crypto in general. Positive NVDA = Positive AI = Positive crypto

MarketAnalytix

As previously mentioned on my BTCUSDT analysis, I believe we're in the latter part of a major complex pattern for wave 4 - and in order to finish this corrective wave, it would be ideal for price to push higher for a higher high, and after we've done that at around 65k - 70k range the price can dump all the way down to $49,000 and below to create a lower low. Now,...

MarketAnalytix

Possible outburst scenario for Babydoge, since it got listed on Binance And we're in a meme driven altseason :smirk:

MarketAnalytix

I assume price will create a higher high to create a lower low later. Lets finish this corrective wave 4 already!

MarketAnalytix

After temporary increase price is expected to dump around 0.5850 region

MarketAnalytix

Either wait for the wedge to breakout or for price to create a lower low before we proceed to fibonacci 0.5 - 0.618 range.

MarketAnalytix

Right now the price needs to either get back inside the wedge it spilled out from, or create a lower low so we can rise to 66,000 to 70,000 range for the first half of September, and from there tumble down to create a lower low from $49,000 which should ideally complete this long, complex corrective pattern W-X-Y-X-Z for wave 4.

MarketAnalytix Updated 

After completing (A)-(B)-(C) flat correction , I expect gold to blast off to new ATH.

MarketAnalytix Updated 

Assuming this is the completion of an a-b-c-d-e bearish triangle, then we're ready to dump down to 12 cents for KNC in an impulsive way! Feel sorry for the hodlers, lets short it. Be careful while the price is inside the triangle, and add to your position when we see a BO (breakout). Ideal stoploss is anything above the triangle, so manage your position size...

MarketAnalytix

I have been following this bearish triangle on ALPHA for a while and have entered a short position at the breakout. My current view for this shitcoin is that the minimum target we should see is 0.0623, and if the bearish momentum is strong enough, we can sufficiently see it go to 4 - 3 - 2 cents range.

MarketAnalytix

I mainly only analyze charts. I no longer waste time reading whitepapers, news, updates, announcements etc as I believe all the important things are already imprinted on the charts before it hits the news. Anyways back to the ADA elliott wave count, I am currently tracking corrective wave B in a bearish a-b-c-d-e triangle, where we're currently at the last...

MarketAnalytix

I will be following this setup and post updates on smaller timefames so make sure to follow my tradingview account, and lets ride KIWI!

MarketAnalytix

If the price doesn't go below the invalidation level and is able to find support at around 0.886 fib, its possible for us to see AUDUSD create a new uptrend. I will be following this setup and update this thread if/when its validated or invalidated. Let me know what you think in the comments below.

MarketAnalytix

It looks like the A wave is creating a leading diagonal which will breakout to the upside to create wave B, from where we can expect the price to drop for wave C with target around 50% fib level. Its usually recommended to skip corrective waves inside corrective phase, for example skipping wave B in A-B-C, so focusing on shoring the C wave should be the priority...

MarketAnalytix

I believe we're currently making C of red (B) at around resistance areas of $2.7 to $3.3 from where we can head down towards red (C) to price level of $0.5 so lets look for shorts!

MarketAnalytix Updated 

One of the biggest defi coints is printing a bearish ascending triangle where wave (e) is currently underway. Once completed, it should take price down to $26 - $18 range. Nice setup to short!

MarketAnalytix Updated 

I will be monitoring this scenario and publish charts in smaller TF. Be sure to follow my tradingview for follow-up updates.