So BTC has been performing very well and remained strong last week despite stock market downside. Currently BTC invalidated dead cat bounce theory and the higher probability is now running to ATHs. So far the price range is a bit extended, it would be ideal scenario to wait for the dip into 50-45k with invalidation close below 45k for better risk reward scenario....
All sorts of cool DeFi stuff just on the verge to rolling out for ADA such as SundaeSwap etc. now that Alonzo full smart contracts has rolled out.
In reality ADA has the potential to much more than double.
A shallow pull back to the 0.38 level. Wave 2 of the final intermediate fifth? An impulsive recovery will further validate the count.
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for informational purposes only and should not in any way come across as a...
As seen on chart Wave 2 is taken from 34850 showing the beginning of Wave 3
Assuming Wave 3 is being extended its final 1.618 target is 38603
Sub Wave iii is currently over @ 37085
As shown Wave iv could be over @ a 0.236 retrace where Wave v would finish at 0.618 @ 37650
If Wave iv continues its max retrace is at 0.5 levels @ 36240 levels making wave v min...
Hi everyone, I came back today with one of the 🔥 Hottest 🔥 coins that we saw these days. The name of this coin is Solana , I want to find the end of this trend and if you have this coin, the time for taking profit has come (step by step).
where is the end of this beautiful rally? , I tried to find an answer to this question with Elliott waves .
wave 4 over - motive wave down in 5 waves should follow to wave 5
motive wave ((1)) ended at 28800 area
corrective wave ((2)) unfolding in a zigzag - target 36630/38730 area
ALT: wave 4 is not over
monitoring price evolution
critical price area
previus daily close 33509
PP 32570 up
On the long timeline TQQQ is in a wave 5 up, and could have another 2 months upward.
We're roughly 49 days into a 120 day period.
Wave lengths aren't constant but do seem to run 3-4 months up, then 2-3 months correcting, before ultimately heading upward again.
With a 50.8% Average Return Rate over the past 10 years even with the pandemic mess. I'm long TQQQ.
I have marked the chart with potential Elliott wave on the 4 hour chart.
We see a strong wave 3 up followed by what can be seen as a bullish flag on the D1 chart and some sort of a bear wedge on the 4 hour chart
From what I Call THE SETUP ONE concept it is a wave 4 within tight boxes. I see a 4 hour bullish candle. I am long above this
Long Entry: 0.9175...
Further to my ongoing analysis and trading signals on the BTCUSD #BitCoin saga, It would appear that we are currently in situation which can be interpreted in two ways
We are either at the low of the trading range. We see a bullish reversal candle with a good tail sticking out of the trading range lows. Suggesting the bulls are probably taking over.
I can guess...