Looks like THETA is losing steam and setting up to retrace, but not just yet. Difference between Buyers and Sellers on THETA Spot and Futures markets is inconclusive, Buyer vs Seller dominance shifts every 5 minutes. Daily volume % is way up, over 1000% on Spot alone. I tried counting waves, but don't quite see clear structure yet. I think THETA will arc...
Working on developing a habit of looking at the higher timeframes. BTC has been cruising at the bottom of a channel from January 20-ish. In my opinion it's heading towards 41k, where we'll see a wave of liquidations for overleveraged longs. At some point BTC will bounce off that strong Support channel. This is my Thesis, targets are purely hypothetical based...
XRP is coming up on the Daily Resistance channel and a Golden Pocket. Which ever one will reject XRP first, or at all. Target = ~0.7828 This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please like/comment, it means a lot, Thank You! ❤️ ...
SHIB like many other coins have been showing a strong 5 since BTC recovery (short lived *cough). I think SHIB is reaching for Wave 5, it might have already, but I think it can push another 5%-10%. Wave 5 targets: Wave 5 #1 = ~0.00003673 Wave 5 #2 = ~0.00003787 Followed by ABC, use chart as a marker but not exact targets. This is my Thesis, targets are purely...
A possible 5 count on GALA and an upcoming Resistance. I expect a mild correction in the next 24 hours. Although BTC looks like it might push for 44k, so GALA's 5th wave might be very overextended. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas ,...
In the process of doing a new 5 count. GALA is attempting to close wave 4, but it's not uncommon for it to go lower into (0.382) or (0.5) levels. If Wave 4 reaches (0.382) that'll be a textbook perfect wave. Targets for Wave 5 are the traditional: Wave 5 #1 = 0.618 (~0.41039) typical Wave 5 #2 = 0.786 (~0.42523) nothing to panic about Wave 5 #3 = 1 (~0.44412)...
ONT is today's low-hanging fruit, +14% in 4 hours by every logic it's overheating and must retrace, even a little bit. Disregard the ascending channel, it's for dramatic flare. I'd like to see a decisive rejection of S/R 4 hour channel (~0.5690), then I'll consider a short, with a generous stoploss. Target #1 = 0.5295 Target #2 = 0.5158 Target #3 = 0.5072 to...
ICX has been in a nice little ascending channel since January 22nd, and I think it's once again time for it to test the bottom of the channel. It's a bold strategy, lets see how it plays out for me. I am waiting for ICX to test, retest and finally reject the range of 0.7949 to 0.8007. If that happens, ICX should Zigzag towards my two targets. Target #1 =...
Forecasting PEOPLE is like trying to describe the scent of Saffron. It's currently sandwiched between Support and Resistance on the 2H chart. Couple sizeable Lower Highs are developing into a Descending Triangle, I'd wait for one extra Lower High to be sure. I'm "quite" confident PEOPLE will retest the Support, after which we might see that 3rd Lower High. If it...
KSM is testing the Neckline of a massive Double Top from a year ago, which makes it a very strong Support channel. A few targets within the weak descending channel: Target #1 = 165 Target #2 = 161 Target #3 = 158 Target #4 = 156 SUPPORT DAILY = 156 to 141 Once KSM reaches the Support Daily/Neckline, watch out for turbulence. I'll consider entering after it...
ANT managed to produce 3 flag patterns since January 30th, in my opinion. I've forced myself to do an EWT five count (super subjective method). And a corrective ABC which is purely for reference, since it is entirely possible that ANT has already done an ABC in wave A and is about to test the Daily Resistance one more time. I won't be attempting to trade my...
COTI cruising within an hourly ascending channel, with some heavy swings (+10%). I believe it'll stay this course until an apex with the Daily descending channel, at which point I'll make an assessment. Couple targets for the near term. Target #1 = 0.33048 Target #2 = 0.33619 It is possible for COTI to dip into hourly Support channel. I'd like to see it pick up...
A bit late to the party, I believe BINANCE:ANTUSDT is primed for a bounce up. ANT has lost almost 11.5% in just 6 hours, a drop sure amplified by BTC activity. First Target = 6.510 ( 0.236 Fibonacci Retracement level) Trailing-stop all the way to the target When in trade I keep to a strict Risk Management plan and keep an eye on BTC. And proactively use...
LTC is cruising towards the Golden Pocket of Fibonacci Extension taken from May 10th 2021. 0.618 Fib level is also the Weak Support that has been tested a few times since December 21st 2020. If retest or bounce off of the Golden Pocket works out, I expect LTC to reach Resistance channel on the 3D timeframe. After which I will set new targets. Long Target #1 =...
IOTX has great Volume and % Change today. Golden Pocket of Fibonacci Retracement from January 24th is coming up, and I'm expecting a mild retracement into the 0.5 Fib level. This is only valid IF IOTX decisively bounces off of the Golden Pocket, or better yet, retests the Golden Pocket and heads towards 0.5 Fib level. Long Target #1 = ~0.07177 (0.5 Fibonacci...
Three long term targets for BINANCE:ANTUSDT based on a Daily timeframe, S/R and Trend analysis. First I will wait for ANT to break through Daily Resistance channel Long Entry Target 1 = 7.510 Long Entry Target 2 = 8.970 Long Entry Target 3 = 10.430 No ETA when I expect these targets to be reached. I expect ANT will first bounce up within the 5.704 and ...
Weak Head and Shoulders. Trying out a couple targets on the Fibonacci Extension, this will consist of 2 trades, a Short and a Long. Short Target #1 = 0.02432 (0.618 level) Followed by a bounce back to 0.5 Fibonacci Extension level Long Target #2 = 0.02473 (0.5 level) When in trade I keep to a strict Risk Management plan and keep an eye on BTC. And...
Spotted an unorthodox Inverse Head and Shoulders on the 1H chart. The patterns is supported by the Fibonacci Extension from January 24th and suspiciously precise bounces off the 1H Support channels. Assuming that BTC is done with the Throwback maneuver, I expect it to head towards the Golden Pocket, with some turbulence around the 0.5 Fibonacci Extension...