SOL vs BTC : Where Have I Seen this FRACTAL 🤔📉Hi Traders, Investors and Speculators of Charts📈
Looking at the Solana chart today, something struck me as familiar - but I couldn't place my finger on it. A pattern... where did I see this before?
If you stare at charts about as much as I do, sometimes you start to see trends and correlations between charts. We call these - FRACTALS. These are a great tool to use when scouting for patterns. You can use a fractal in many ways, but I mainly gauge it against what happens next after the fractal on the origin chart.
We're doing the same thing today between SOL and BTC - using an old Bitcoin fractal to predict the potential next move for Solana.
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BINANCE:BTCUSDT BINANCE:SOLUSDT
Fractal
EUR/USD Weekly Development MondayLooking at EU we have major liquidity pool that can be taken however on the inverse chart it shows that the DXY has already liquidated that area which illustrates that a reversal is possible even before EU breaches that level. It is now a waiting game, picking the right moment to strike.
ADA : This FRACTAL shows New BULLRUN 📢📉Hi Traders, Investors and Speculators of Charts📈
ADA / Cardano has spent an extended period in the "Accumulation Zone" (this basically means sideways trading at very low prices). According to Wyckoff Method, this is the pre-cursor to a new bullish cycle. The new bullish cycle is identified when we see a breakout ABOVE the range trading zone.
This is where our fractal comes in. Cardano has previously done a similar thing where the price stayed in a tight rage for an extended period of time. This, was infact the precursor to the bullcycle that led to the previous ATH !
If you didn't get an entry in the accumulation zone, now is your second chance before the price starts another bullish cycle.
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Watch This: EW 2.0 Uncovers Evidence of a Tesla Price ExplosionHello Traders, I'm here with an urgent message: don't miss out on a potential TSLA reversal! EW 2.0 data suggests a major shift might be imminent, and my video dives into the evidence.
Don't hesitate to reach out if you have any questions. I'm happy to help, and I always appreciate a thumbs up if you enjoy videos like this.
BCH update [ MAJOR LIQUIDATION]At the moment, price is still retesting the current midvwap, but as soon as price break below 215$, sells towards 150$ come in play. On the other hand, price can still retest the current high at around 260$, but only if price manages to break above 290$ we shall start looking for buys continuation. Until then sells are more valid than buys, simply because liquidity has to be mitigated first.
Market Cycle - Accumulation - KEYUSDKEYUSD - Selfkey - weekly chart
Here, I use the FIB to show my thoughts on potential targets for KEY in the coming Bull Cycle.
You can see that the 3.618 FIB purple line, has been where the past few cycles on KEY have targeted. I have noticed this on MANY coins.
If this plays out, we could potentially see 15X on KEY from current levels in the next bull market, after BTC halving, I suppose. No one knows, but that's what I assume.
Not financial advice just my 2cents.
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BCH major UPDATE ( YEARLY closure)BCH has already presented itself pretty well for the last couple of months. A closure below 215$ will most likely make price drop towards 150$ before even thinking of going back up again. A break above 245$ can push price towards 285$-295$, but only a full break above of that area can confirm a new bullish impulse towards 400$.
BTC last UPDATE( YEARLY CLOSURE)I'm looking for 2 things at the moment, in order to have enough data to take a decision, regarding BTC. The first one is how price will react from 46k. From this first question, 2 scenarios arise in my mind: 1- a closure below 46k that will liquidate 40k will confirm the sell off towards 30k. 2- a closure above 46k will push price towards 51k, but even then, I still expect price to continue to liquidate the current lows formed on the daily chart and balance the current movement for a healthy bull market. And that's how we got to the second thing I was talking about in the beginning. 51k- this level is an imbalance left behind, right after the ATH has been formed and then price started its reversal that led BTC all the way down to 16k, after hitting 69k. Imagine how many orders are still left behind that area. Either way, I'm still looking for shorts, from both 46k and 51k. If I were to choose from those 2 by which has higher chances of respecting the shorts. I'd say 51k. But that would be valid only if price has already invalidated 46k. Which is why I'm waiting for more data to be printed. Until next time!
ADAUSDT - WHALES Prefer a Lower Entry🐳Hi Traders, Investors and Speculators of the Charts 📈📉
A quick look at the Fractal that played out on Cardano during Jan - Feb 2021.
A Big demand zone lies a little lower towards the support, and if we take a quick look at Phoenix Ascending (EMA, RSI, LSMA and Momentum) more downward price action seems the most likely for the near future. However, trying to catch the exact bottom is a dangerous game, and I am happy with this entry and perhaps a little lower towards the lower support zone as pointed out on the chart.
If you like Fractals; you'll probably love this idea on BTC:
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Bitcoin bear market is overI think we have made the bottom for bitcoin at 15-16k area and now we are in the accumulation phase of the crypto cycle. It is hard to say how long it will take, but I am more convinced towards the accumulation phase based on my analysis of the weekly chart.
There are 3 major occasions during which we have tanked below weekly 21 moving average and immediately seen a spike in volume and came back above it. Every single time that this has happened, we have made new all time highs!
I have also shared my thoughts on what will happen in short term going into 3rd May 2023 fomc rate decision.
BAT - The FRACTAL No One Talks About💥Hi Traders, Investors and Speculators of the Charts 📈📉
For the longer term, Basic Attention Token BATUSDT is another altcoin I am extremely bullish on - and it's currently trading in an ideal accumulation zone ! What I expect for BAT is similar to a scenario that played out in November 2020 - April 2021. Notice that this occurs over a longer period, where the price of BAT went from $0.16c parabolic to $1.64 at its highest point. Therefore, the price must first fall lower towards the bottom of the support zone where there is a large demand zone . In other words, DOWN first, then UP.
And remember.. Don't be a Bob-Trader:
The continues market cycle between Bitcoin and altcoins can clearly be seen at the moment. It goes something like this:
🤩 Bitcoin goes UP ... Bob Fomo buys the rally
🤔 Bitcoin corrects ... Bob panics and sells
🤑 Altcoin rallies ... Bob thinks, screw BTC , I'm going all in on this altcoin
😨 Altcoins correct ... Bob panics. Altcoins are scams! Sells everything
🤩 Bitcoin goes up .... Bob Fomo buys the rally
Moral of the story...Don't be like Bob. Don't try to FOMO in whilst the price is going up. Plan your trade, preset your TP and SL.
While you're here 👀 Check out this idea on Bitcoin:
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SOL - Solana BUY and SELL TargetsHi Traders, Investors and Speculators of Charts📈📉
As you know, we're trading in the opening moments of a new bullish cycle.
If you're trading Solana, this is the ONLY PLAN you need. In this analysis:
📢 Short Term Targets / highs and lows
📢 Near Term Targets / highs and lows
📢 Longer Term Targets / highs and lows
📢 Technical Indicator, short and near term
📢 Fractal / percentage increase to dump analysis
It's important to note that any cycle takes months to complete, sometimes even stretching over a year. Keeping this in mind helps you set realistic timeframe-goals for price targets.
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S&P 500 Preferred Short: Better Risk-RewardToday I want to discuss about the bull and bear cases for S&P and introduce the fractal concept
Bull case:
Cup with a handle
uptrend can be considered 1-2-3 wave and recent downmove as 4th wave
it is a possibility because wave 4 is in wave 1's terrority, similar to the big downtrend. But this can also be considered a leading diagonal
downtrend sub-wave 5 ended on uptrend wave 1
Bear case:
Fractal
retracement % is very close
both retracements reached peak of wave 2 of same degree
Preferred Elliott Wave Counts
Risk-reward is better on the short side now
speed of upmove
eurusd usdchf short expected EURUSD
H1 HTF OF with good reaction
side Liq. grabbed and create another OF price tap into the OF so waiting M5 reaction coc to take the short
in plus 3 BOS that sign for weakness
USDCHF
3 BOS
demand zone not hold sweep of Liq with creation of Hidden POI so high potential of reversal
EURUSD GBPUSD short then long both of charts are almost similar
M15 HTF bullish
INDC not taken yet and there is low on yesterday NY in the same time the ENG.Liq
so I'm expecting the price to go little higher taken the high of Asian session and take the short targeting the low of NYS yesterday then looking for long targeting M15 swing high