heywippa

heywippa

Hey everyone! I know a few of you follow my ideas, so I thought I'd post this earlier rather than later—because I don't believe Gala's Wave 2 correction is over yet. After analyzing the price action and a few other key factors, I’ve re-evaluated my position, and things are pointing toward a more complex correction. Corrections Are Like Driving at Night...

heywippa

There’s something about the charts that’s been bugging me lately—definitely leaning toward a bearish bias. As much as I want to be bullish and for Alt Season to kick off, my focus on Bitcoin is mainly to gauge the pulse of the Altcoin market. But there’s something on the weekly charts that’s hard to ignore. The Stochastic RSI has turned bearish, signaling a...

heywippa

To identify a key pivot point for an altcoin season, let’s analyze Bitcoin Dominance (BTC.D) using the Monthly Chart, which provides a clearer overview of pivot levels and trends. Current Outlook on BTC Dominance Stochastic RSI Signals Bearish Momentum The Monthly Stochastic RSI turned bearish in November with a confirmed bearish crossover. This suggests a...

heywippa

Technical confirmation of Wave 3 will occur when the price breaks above the Wave 2 high of $0.06649, as shown in the 4-hour chart. Until then, I’ll continue building a bullish case while monitoring price action closely. Bullish Indicators To support my analysis, I’m using the daily timeframe as the higher timeframe and the 4-hour timeframe as the lower view....

heywippa

After closely tracking this correction since December 9th, I’m thrilled to share that my buy-in target of $0.03493 has been hit with near perfection. Throughout this period, I’ve carefully planned my exits and entries, which I’ve illustrated on my charts and shared as ideas in real-time. By exiting and re-entering at key levels, I’ve been able to: Protect...

heywippa

Bitcoin’s current price action has led me to adopt a bearish short-term outlook, supported by several technical indicators and analysis methods. Here’s why I believe we’re at a critical turning point and entering a Wave 4 correction based on Elliott Wave Theory. Stochastic RSI: Bearish Crossover The Weekly Stochastic RSI has entered the overbought zone, and a...

heywippa

Gala appears to have possibly put in its ABC correction, bouncing at $0.03719, which narrowly missed my 0.618 Fibonacci target of $0.03592 from my previous analysis. I have a buy order placed at $0.03493, and the price has since rebounded to $0.040, a level that has acted as a point of support for some time. What’s Next? This level could mark the bounce area,...

heywippa

Sorry moonies, Bitcoin is likely entering a Wave 4 correction within the larger Wave 5 structure, as per Elliott Wave theory. I raised this back in December 15th, and while this may bring short-term downside, it opens opportunities for Altcoin Season, as capital shifts from Bitcoin to alternative cryptocurrencies during this correction. Elliott Wave Context: ...

heywippa

As per my previous technical analysis (TA), I was correct in thinking that GALA's correction is not completely finished. Elliott Wave Context - Wave 2 Correction Referencing Bennett McDowell’s 'Elliott Wave Techniques Simplified' (highly recommend reading it if you are serious about trading): 15% of Wave 2 corrections retrace between 23.6% and 38.2% of the...

heywippa

The weekly chart is showing signs of caution, with the most recent weekly candle closing as a 'Hangman' candlestick. This pattern is often associated with the potential end of an uptrend and the beginning of a correction. Supporting my bearish sentiment: The Weekly Chart The RSI (Relative Strength Index) is extremely overbought at 85.25, a level that...

heywippa

Recognition of Previous Mistake (Rising Wedge vs. Ascending Channel) Recent price action has revealed a shift in the structure. In my previous technical analysis I identified as a rising wedge. Upon breaking out of the rising wedge and further review, it now appears that Bitcoin is trading within an ascending channel. This structural adjustment suggests that...

heywippa

If this thing breaks out, I would be hella surprised! Not going to lie. If this isn't textbook bearish divergence, then I must be cross-eyed. Retail is buying at these high prices, so we must wait patiently until they are exhausted. I am pretty sure institutional investors will not buy at these prices. Let me know what you think?

heywippa

Hey guys, I am on holiday but have decided to exit my GALA positions based on my predictions for Bitcoin and XRP and that Bitcoin is looking to have a correction - refer to my ideas. I previously suggested in one my ideas ( click here ) that the correction was over, however based on my review of both Bitcoin which has given me a bearish bias I have now reviewed...

heywippa

Bitcoin's price action signals potential weakness, with the weekly RSI at 78.49 in overbought territory and a bearish divergence forming on the daily chart's RSI. The rising wedge pattern on the daily timeframe further supports a bearish outlook, indicating momentum loss as price approaches the wedge's apex. A short-term correction appears likely, with a possible...

heywippa

I have sold out of my XRP positions, while everyone is bullish on XR, I see genuine concerns. The momentum indicators show strong bearish potential, as key indicators across time frames signal declining momentum. The weekly chart highlights overbought conditions and weakening bullish pressure, while the daily and intraday signals suggest a likely rejection at...

heywippa

Price Targets Medium-term: $0.52 - $0.55 Long-term potential: $1.35 Core Trading Strategy: Dual Time Frame Momentum My trading approach is based on a Dual Time Frame Momentum Strategy, where I base direction off the higher timeframe (Monthly) which helps to determine overall market direction and then use lower timeframes (Weekly/Daily) for tactical...

heywippa

LONG position initiated based on completion of ABC correction pattern. Technical Analysis of Momentum Indicators RSI currently at 57, indicating favorable buying conditions Stochastic RSI (Daily): Currently in oversold territory, with bullish signal forming with K line approaching D line crossover Rate of Change (ROC) positive (above 0), confirming...

heywippa

In yesterday's idea, I suggested that GALA’s correction was forming a descending triangle, a bearish continuation pattern as illustrated above. However, with more price action now available, it appears the correction is more accurately forming a descending channel, which has a bullish bias. The key takeaway? Corrections are dynamic—it's crucial to forecast but...