Gaining exposure to AI as rotation should come. Buying in at $1.32 with circa $5 target, subject to Elliott count. Breaking above $1.8 on increased volume will serve as confirmation.
BNB looking primed to break out. Volume is increasing and we are holding above the 100 day VWMA. Targeting $1500 to complete macro 5th wave. Would like to see BNB hold $520 and volume increase as we break higher.
Expecting large/mid caps to break out. Whilst there is resistance at $100 - $110, LTC has broken above the 100 VWMA with the highest volume recorded since June 2022. The $200 - $280 region holds the next point of significant resistance.
LINK has significant resistance at the $30 region. Broke above the 100D VWMA with increased volume on the daily chart. BTC.D currently trending down.
Been tracking GRT for some time. Caught $0.09 to $0.45 and now eyeing a move from $0.15 to $0.80. If BTC.D continues trending down then I believe that alts will continue to trend favourably. Points against: - GRT volume remains low on HTF - Monthly resistance at $0.46 remains intact - HTF trending down - $0.06 to $0.45 move appears corrective Will exit early...
Eyeing a reversal in BTC.D within the 0.618 - 0.65 fibs. I expect alts to rally significantly if this reversal takes place as BTC continues higher in to a phase of price discovery.
Looking bullish off the low and indicators are showing signs of strength. Still holding from $0.3 and no plans to sell yet. Notable resistance ahead but clearing $2.40 should lead us to price discovery. Targeting the $6 region. Thanks :)
Hi all, Finally after all the choppiness we had a nice impulse! I am now looking at 2 possible scenarios, of which I prefer the bullish. Bullish scenario: I am looking to enter a new position at the 50% and 61.8% fibs of this impulsive move. If we have just printed a wave 1 leading out of the four, we will be seeking new highs. There's heavy resistance at 11k...
Just a quick one, and very risky. Shorting VET here as it looks like we may just have a blow off top. Hit a 0.618, lets see how it reacts. Only using a small positon size, but will pay off if this goes to plan!
Hi all, Been revising my count recently and the setup is looking very bullish to me. Sorry for the messy chart but as you can see the wave structure I'm following will take us up somewhere to the 10k region, at the top of our larger triangle. So far the channel we are in has held very well and looks like it could serve as support and resistance for the upcoming...
Hi all, Opening a long position here as appears we have quite a nice setup. Looking to close this in the region of 7400. Thanks!
Hi all, From the 3.6k low I count a five-wave leading diagonal which appears to me as a wave one. I'm currently short from 7190, trading the C wave down to complete a wave 2. Looking for the wave 2 to end somewhere in the region of 5.5-6k, we'll get a clearer picture of this as the move develops though. Thanks :)
Hi all, From the reaction we got at 3.5k it looks like we may be forming a corrective triangle, suggesting we're in the 4th wave of Bitcoin's super cycle. As suggested by the chart, I am currently expecting a double top up at 10.5k, followed by a final corrective E wave. Remember E waves can be somewhat unpredictable until we can see how they are forming, so we...
Hi all, Been a while since my last update but I've just really been waiting for a further low to kick in. We're currently sitting at the top of a triangle that has been in play since 14k, so I'm looking to add a short here. Extension is possible up to the 9k region but I'll place a stop loss beyond this. Multiple targets within the 5700-5500 zone, in addition...
Hi all, Following on from my last post, we have finally broken down the 0.618 support, stop loss hit and now I'm evaluating how low we might go. Back in July I highlighted the importance of that chunky green support line we have on the log chart, it appears Bitcoin has broke this and hit the same line as resistance, suggesting we are still correcting. Currently...
Hi all, We've finally reached my retrace target comprising of four support zones shown within the green box on the 4H chart, with RSI divergence present. Although we have not yet seen reversal volume present there is declining volume on the daily since the rise from 7.4k suggesting we are nearing breakout in either direction. In this case I am bullish . We are...
Hi all, A little miserable as I missed my retrace target for those extra sats, but happy that we're finally seeing some interesting movements in the market. Under my analysis we currently have two targets sitting at 8.5k, that is an also target at the -0.236, in addition to the 0.618 of this current impulse up. A retrace between the 0.5 and 0.618 is common for...
Hi all, A couple of days ago I posted a chart that suggested we're currently in the process of forming a second wave of a larger third. Targets for wave 2 lay between 8500 and 8900. I expect to see a small 2% rise back to the top of our resistance line at around 9200-9300 before further drop. I'm looking to add longs within my buy zone as this is where I...