Only if the red box broke, then alts are bullish. Otherwise, alts may keep bleeding for sometimes or worst
Does the previous impulsive and corrective fractals repeat now? Trade at your own risk.
Days ago we just faced a rapid 10K pullback from the golden pocket. Protect your capital. Prepare for the worst. I still believes we are on the waves 2 macro bullish impulsive waves. This is financial advice.
I posted multiple warnings prior to 10K candle flash crash. This is just a short term possible fractal. Its beautiful for a bounce for another pullback towards 39K right? Lets see whats your opinion at the comment below.
1. Both token were listed yesterday on FTX, Raydium & Serum DEX. 2. Atlas is an in-game currency, Polis is a governance or Decentralized Autonomous Organization(DAO) token. 3. First hour after listed, $ATLAS dominates the volume with 28.68M while $POLIS has a little bit lower; 26.75M. 4. As for now(28-hours later), $ATLAS has touched 1.618 fib extension, while...
I have called $130 local top before the whole world noticed solana existence. it is 261.8% fib extension. Solana has high potential to go four digits by EOY.
Heavy resistance on 50-51K as I mentioned earlier. Bulls will be in control above 51K. Bears will be in control below 42K. As long as we hodl major 29K level, we are still in good state. Hodlers should be more prepared to buy the dip then to buy the brekaout.
Tesla bought bitcoin in Q1. Lets compare price action for both. Looking forward to execute DCA for btc & alts if we stucked within 0.6-0.7 trading range.
1. Sometimes be a contrarian against speculation and sentiments provide a great moves. 2. Most of the time, both 'This time is same' and 'this time is different' were bad decision-making sources. 3. US Dollars index seems creating a reversal, same as end of 2017 = people are hedging their assets into US Dollars. 4. Stocks(S&P) is on bubbling, while...
Since the price bounced off from 29K, on daily shows rising wedge. Watch out for the bulltrap at 50-51K area (fib 61.8%). Honestly, the price should retrace at least a bit for a healthy uptrend. Our short term support below is around 42k & 37K.
ALTSEASONS WILL MAKE SHIBS EZ 10X. SIMPLY HODL FOR 4~5 MONTHS. For now, shiba retest resistance>support zone for the next primary pump. We're in the accumulation zone, a lot volume coming in. Potential lost(on S/L) = 33% Potential gain = 1,000% Long term risk reward ratio on highest TP = 1:29 = 3.4%(good) Shiba army prepare your weapons!
SOLANA has good potential to touch ~$80 (IF upper rising wedge broken). However, LTF indicators signal bearish divergence(now) with rsi 92 critically overbought on HTF. Long term hodlers are always fine. #NFA
A matter of perspectives. FYI, ETH already touched the fib golden ratio. However if its follows, I believed its just for short term (normal retracement).
1. Double top. 2. Gravestone doji (on daily). 3. Rising wedge broken down. 4. Bearish divergences.
Everytime we see transports diverge from S&P500 index, it will crash. Transport played a catalytic role in economics which transforming the economic and social geography of many nations which sustaining the supply chain between industries.
Elliot waves; 1. 5 impulse waves done. 2. 3 Corrective wave, making wave B a bulltrap and creating a new ATH (2021May). 3. For trading strategy, I expect there will be a small correction in October to create a higher low(smart money entrance) before straight to the moon. Fib extension: 1. Third impulse wave ATH 2020 = Fib 4.6 2. Bull trap wave B...
The idea is to break 200MA follows by golden cross 1-2 weeks after that. Bitcoin now in attempt to break 200MA. 1. In May 2020, bitcoin breaking 200MA, it follows by golden cross after 12 days, bitcoin went up 600%. 2. On April 2019, Bitcoin cross 200MA, follows by golden cross after 23days, bitcoin went up 190%. In short, to make bitcoin more bullish...
1. PA seems like in attempt to break major downtrend resistance. 2. Golden cross(bullish cross) approx. on August 17th or earlier. 3. (If breakout) the next resistance should be around 44-45K. Expect huge sell-off around this or further at 50-51K. 4. If going down from here -> creating lower high = keep eyes on support 35.9K. Below 34.4K will turned bullish ->...