WicktatorFX

WicktatorFX

In our last analysis of Bitcoin, we identified that we were in a correction and were looking for a move up for wave C. We are now in wave C and anticipating 5 subwaves. We've seen subwave 1 and anticipating subwave 2 correction in the next couple of weeks. Once we get that, we can look for another entry to take Bitcoin even higher! No trade idea as of yet....

WicktatorFX

USDSGD has recent topped with a beautiful rejection! We had the 50 fibonacci, channel AND an ending diagonal, all indicating a reversal! Now that we've topped, we can look for any pullbacks to add a position for the massive drop. Trade idea: - Watch for pullback - once pullback appears, look for a trendline break or structure rejection - Enter with stops above...

WicktatorFX

Here we have the 2week chart of MATIC. We can see that we're in a clear bullish motive wave. We are currently in wave 4 which appears to be a complex ABC wave. We are looking for subwave c move higher to complete wave B. Trade Idea: - Entry on red trendline break - stops below the lows once trendline breaks - Targets: 1, 1.4, taper Goodluck and as always, trade safe!

WicktatorFX

Silver is currently in wave 2, which appears to be a 335 flat correction. Wave A had 3 waves and now we're in wave B where we're expecting another 3 wave structure. It appears as the bottom is in so we can use the lows as invalidation level. Trade Idea: - you can either enter now with stops below the lows - Or wait for a pullback (retracement) and enter with...

WicktatorFX Updated 

CADCHF has given us over 1000pip worth of setups. We are now looking for one more trade setup to complete this bearish wave. We know that Waves 1, 3 and 5 have a 5 wave structure. We are currently in wave 5 and looking for 5 subwaves to complete the bearish sequence. Trade idea: - We are in subwave 1 (of wave 5) - Watch for subwave 2 retracement - price should...

WicktatorFX

USDCHF has recently provided us with an ending diagonal, signalling that the bottom is in. We are now looking for a retracement. The deeper the retracement, the better! Trade idea: - Watch for lower timeframe reversal patterns to indicate retracement has started - once entered, taper positions as we move lower towards the bottom - The longer term trade will be...

WicktatorFX

Here we have the 2weekly chart of Chainlink. We can see that on a higher timeframe, we are still bullish. We have not yet completed the 5 waves. We are currently on the 4th wave which appears to be a WXY correction (breakdown: 3 waves for W, 3 waves for X and 3 waves for Y) We have almost completed wave X and anticipating wave Y soon. Once we make that final...

WicktatorFX

MANA is showing us a perfect example of an Elliott Wave Impulse, correction, impulse. We are currently within the correction and looking for Wave B completion. Will be looking for lower timeframe price action to tell us when to enter with a small stop loss! Goodluck and as always, trade safe!

WicktatorFX

We can use Total Market Cap to analyse when it's best to go bullish or bearish on the crypto market. A growing market cap can indicate investors' interest and their positive evaluation of the current market state = bullish whereas a stagnant market cap would indicate that investors are taking their money away from the crypto market = bearish. By analyzing the...

WicktatorFX Updated 

CADJPY is on our radar at the moment. We currently appear to be in an ABC corrective wave and looking for wave C lower. On the lower timeframe we'll be looking for reversal patterns to indicate that wave B has completed and that we've started wave C. Trade Idea: - Watch for lower timeframe reversal patterns or trendline breaks - enter with stops above the...

WicktatorFX Updated 

Avalanche is currently in a simple ABC pattern. We have completed wave A and now in wave B that looks like an ABCDE pattern. Looking to catch wave C once we finish subwave E of wave B. Trade idea: - Risk entry on break of orange trendline - Safe entry on break of red trendline - Stops below lows after we break either of the aforementioned trendlines - Targets:...

WicktatorFX

On the lower timeframe, we can see that we have 2 entry trendlines in place. The orange trendline = Risk entry The red trendline = Safe entry Trade idea: - watch for break of either trendline for entry - once trendline broken, stop loss goes below price - Targets: 0.38, 0.4, 0.46 Goodluck and as always, trade safe!

WicktatorFX

For Cardano, we are expecting a deep retracement on a higher timeframe. Deep retracements usually take the shape of zigzag patterns (535). We have completed wave A ( 5 waves ) and currently in subwave C of wave B ( 3 waves ). Our misson is to catch subwave C before riding wave C ( 5 waves ). See our next post for lower timeframe analysis. Goodluck and as...

WicktatorFX

On the lower timeframe, we can see that we have 2 entry trendlines in place. The orange trendline = Risk entry The red trendline = Safe entry We can even go down further to find a sniper trendline. Trade Idea: - watch for break of either trendline for entry - once trendline broken, stop loss goes below price - Targets: 6, 7, 8 Goodluck and as always, trade safe!

WicktatorFX

Fantom is currently in Wave B correction = 3 subwaves. We have almost finished subwave B and looking to capitalise on subwave C. Trade idea: - Watch for a break of the red trendline for confirmation that we've started wave C - Risk entry can be done on lower timeframe once reversal pattern appears - Stops below price once red trendline breaks - Target: 5 and...

WicktatorFX

USDCHF is in a steady decline within a channel. We appear to be in a leading, which is made up for 5 waves consisting of 3subwaves each. We are in wave 4 now and looking for the final 5th wave lower We are approaching the channel resistance and the 38.2 fibonacci. Expecting a rejection here. Trade Idea: - Watch for rejection at the channel - Risk entry on...

WicktatorFX

On the 2 weekly timeframe, we can see that Bitcoin is currently in a correction. As we've got 5 waves move down for wave A, we can assume its a 535 zigzag correction. We are currently in the midsection of Wave B and are expecting a push up very soon! Stay tuned for more updates and lower timeframe breakdowns. Goodluck and as always, trade safe!

WicktatorFX Updated 

In the 2week chart of ATOM, we can see that we're in wave 2 correction, which is an ABC wave. We are currently in wave B, which appears to be a complex correction. Expecting subwave C of wave B to move higher to complete the correction See next post for lower timeframe overview. Goodluck and as always, trade safe!