Below this idea, I will give you my opinion/analysis of your altcoin. Make sure you hit the boost button and comment your altcoin below the idea to participate. I will do an analysis on the weekly/daily chart (long term). I start my analysis with Bitcoin:
- Bitcoin is currently rising, but in my opinion, there will be one last flash crash below the 16k level to wipe out all leverage traders. There are tons of liquidity and stop losses to be gained.
- In this corrective wave, bitcoin could hit 30k - 39k, both targets are very arguable, so I am currently bullish in the short-term. I am waiting patiently for the flash crash to buy cheap Bitcoin, and of course I want to ride the huge bull market to a new all-time high.
- This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
- As per my Elliott Wave analysis, we are in the final C impulse wave (ZigZag 5-3-5). ZigZags are often very impulsive, which is true in this case.
- Also, do not forget that we have an unfilled GAP on CME futures at 20k. Statistically, all gaps were at least partially filled. This gap is completely unfilled, so make sure you understand that you are going against 100% historical probability and performance if you are fully long on Bitcoin.
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I like doing analysis on the crypto market for you; I truly enjoy it!
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Almost 30 analyses done for you. Only 1 coin per person, but I can do part 2 next time, so make sure you follow me! Stay tuned.
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I can see that you like this analysis on altcoins on your request, so I will definitely do part2 sometimes later this month!
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You can still write your altcoin in the comment section, and I will do an analysis for it!
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Around 50 analyses have been done for you, thanks for your interest. Thanks to you, I also found some good coins!
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I have chosen the most bullish coins from the comment section. These coins are better than 90% of others!
Floki, waves, sand, dusk, atom, mask, volt, enj, gala, fet
Floki, waves, sand, dusk, atom, mask, volt, enj, gala, fet
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I said ENJ, but I mean INJ - Injective.
ENJ is bearish
INJ is bullish.
ENJ is bearish
INJ is bullish.
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I am glad you like this analysis on altcoins, you can still write a comment on your altcoin below. I have to tell you that the majority of coins are bad looking, and we will go to new lows on them. When BTC starts crashing, these coins will probably totally die.
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Bitcoin will reach 39k in the next few weeks. I will do a new analysis on it with detailed information!
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But after we reach 39k, a huge crash is expected. The crash will be huge, more than anyone can imagine.
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Alt season is here! It's a good time to buy some altcoins; bitcoin is tired.
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The weekly candle on the BTC.D chart suggests an alt season. We have a bearish shooting star candle right at the strong resistance (top of the range).
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In May, the FED will increase interest rates for the last time (to 5.25). So enjoy the bull market until the FED pivots later this year! It's not going to go higher than 5.25.
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At this point I would trade with the trend (longs only).
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This is my Elliott Wave count on this current uptrend. Wave 1 should act as a strong support. Place your orders if you think we are going to go up. I will do a detailed analysis later!
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Bitcoin will reach a new high sooner or later, but now we are in the alt season. Alts look much better!
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I am glad you like my post! It has now 60 000 views. You can still write your altcoin in the comment section, and I will answer you with my analysis!
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The weekly and monthly candles look strong; there are no signs of weakness yet.
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Today the market dropped a little bit, but it's a buy the dip event. I am, of course, bullish until 37K–40K.
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Quick analysis on ETH (works with bitcoin as well).
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As we can see, ETH broke out of the ascending parallel channel, and now we are in the pullback phase. Usually, when the price breaks out of the chart pattern, traders will try to catch the pullback.
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As we can see, ETH broke out of the ascending parallel channel, and now we are in the pullback phase. Usually, when the price breaks out of the chart pattern, traders will try to catch the pullback.
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One more thing, do not trust this pump from 15k to 31k. It's a corrective move, and we will go lower later this year. So if you are buying for the long term, it's probably not a good idea. But you can trade short-term longs until this trend ends.
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Ethereum needs to stay above this zone otherwise, we are going to crash to 350 USDT! and Bitcoin as well, of course.
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And happy solar eclipse, I hope you like it! 😄
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I expect a final wave 5 to the upside to complete the market structure. If we take a look at the RSI indicator, we can see that there is no bearish divergence whatsoever. To print the bearish divergence, we need to make the last wave upward.
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New detailed analysis on ETH:
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We are currently at the key level (support)! We should see at least a bounce from here.
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You can still write your altcoin for analysis because I see you are very interested and I am happy to help you! I will finish this thread soon.
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The monthly candle will close in a few days, and if it closes like this, bitcoin is doomed.
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The market has started the big crash to 15k. Of course, we are not going to go to this level in a straight line, but it's going to happen! I will post new analysis with all important levels on the road to 15k, which you can use for a short-term trades.
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It looks like we are going to have a short-term uptrend, so it's a great opportunity to sell.
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Update on Bitcoin: the first impulse has finished, and we are in the corrective wave 2. Usually wave 2 retrace at the 0.618 FIB.
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New analysis:
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You can still write your altcoin! I will do an analysis of it. Last few days, I will exit this thread soon!
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95% of all altcoins are very bearish. Only few of them will survive and it's not easy to choose the right ones. No investors and only pump and dump.
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I have been trading crypto for almost 6 years, and I can tell you that 95% of altcoins are created as pump-and-dump scams so they can make money on you. You buy, and they sell to you. I think retail investors are starting to be aware of this fact, and that's why the majority of altcoins are going down. Probably the only good choices are altcoins with a rank of 1000+ or 5000+, which is less risky than a rank of 30.
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I will stop updating this post on May 1. It has been a long time, but this post has 113 000 views and 3945 likes. You can still write about your altcoin in the comment section!
If you want an analysis from me, please choose your altcoin and write a comment down below! Also, hit the boost/like button before you make a comment. Thank you!