DEFI-trader

DEFI-trader Updated 

In the dynamic world of crypto trading, understanding Elliott Wave Theory can unlock valuable insights. The flat-zigzag-triangle pattern, a trio of corrective structures, holds significance for traders navigating those markets. Flat Correction : These three-wave movements (A-B-C) exhibit sideways action, offering prime opportunities for traders. Wave C,...

DEFI-trader Updated 

Refer to my earlier post for the full analysis, but this setup is one of the best I've seen in a while! Best of luck!

DEFI-trader Updated 

There's considerable confusion about the practical use of anchored VWAPs. Personally, I leverage them as genuine resistance/support lines due to their integration of volume. Consider the 2021 LTC top around 397 USD, often perceived as the resistance line prompting many to exit. However, in my Anchored VWAP trading approach, the true resistance stands at 136 USD....

DEFI-trader Updated 

🔍 Analyzing ETH on the LOG chart: It's shaping a triangle formation, with a crucial level to monitor at $2,500. Without a sustained close above this mark, a potential downward move to below $900 might unfold. Keeping a close watch. 👀 📈 Follow for more chart insights!

DEFI-trader Updated 

INJ is showing signs of a massive sell-off coming soon. Here is the explanation for this Wyckoff Distribution: PS (Preliminary Support): Initial support forming after a prolonged downward movement. Indicates substantial buying with increased volume and wider price spreads, signaling potential end of the downtrend. SC (Selling Climax): Point of...

DEFI-trader Updated 

Okay, so it looks like everyone's been talking about ADA, the cryptocurrency that's all the rage these days. Let's dive in and see what's going on with this digital coin. One thing that stands out is the presence of a whole bunch of factors that seem to be converging around the 23-24 cent range. For starters, there's a gap in volume that's big enough to drive a...

DEFI-trader

TOTAL marketcap appears to be exhibiting clear patterns and serving as a prime illustration of trading strategies based on lines and price action. Based on my analysis, I have set a target of approximately 800 million USD for the market capitalization by the end of this year, anticipating a potential bull run in the following year. If you happen to come across...

DEFI-trader

The sentiment surrounding Bitcoin (BTC) appears to be lagging behind that of altcoins, which is a bearish sign for the mid-term (1-3 months). This suggests that investors and traders are more optimistic about the prospects of alternative cryptocurrencies compared to Bitcoin. Currently, we are observing a channel price pattern, with the maximum price range for the...

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DEFI-trader

Please see my video to understand my thinking behind this trading set up. Ask me any questions if you have

DEFI-trader Updated 

Please see chart for fib extension levels that respect this hypothesis. I believe we are in an Irregular corrective wave 4 of a major wave 5. There is still a probability to touch the 17k usd. but I am more confident that we will find strong support at this current level. Follow for more updates.

DEFI-trader Updated 

There is a clear bullish divergence on the RSI while price is significantly lower. We are expecting a relieve rally and approx. 70-90% profits in the next few weeks. Follow for more updates.

DEFI-trader

We have spent 800 days from the top to the bottom and then we are almost at the 800 days after the bottom. It seems we are testing for the third time the lower part of the ascending channel as seen on the chart. If we take the equidistance of the channel, the target price is around 4.5usd per SAN. There is a confluence at this level with the 0.88 fib level....

DEFI-trader Updated 

People are focused on the 4H charts and forget to see the whole picture of this correction. Potential set up but YOU HAVE TO WAIT FOR THE MARKET TO DEVELOP!! (put a position at the end of this set up - no short positions right now!) A Running Flat Elliot Wave correction is when the wave B will travel past the beginning of wave A. Then, wave C will retrace more...

DEFI-trader

BTC has found its bottom with high probability of a major bounce from here. Next target is 75K usd per BTC. Please see chart and ask any questions you have in the comments. Also, don't forget to like and follow!

DEFI-trader Updated 

It seems we have completed the ABC correction of wave 4 and I am expecting a major wave 5 to bring us up to 2,000usd mid this year. I used fib levels to estimated the correction depth. Adding to this, Elliott wave count we can conclude the strong BUY on STRONG! Follow for more updates

DEFI-trader

COMP has reached the 100% extension of the C wave as shown on the chart. I use Trend Based Fib. Extension tool to predict potential reversal areas. As you can see we had a complex major ABC correction that lasted almost 10 months. I am expecting a major wave 3 that could bring us to well above 1000usd. For this theory to have higher probability of happening, we...

DEFI-trader

SLP price hit the 100 EMA before finding resistance and traders took profits after a massive run. We have started the wave 1 of the uptrend. I will sell SLP at those levels before buying more at lower prices. Follow for more updates.

DEFI-trader

On my latest post, I mentioned that 1900 usdt was an important area to watch and which we were rejected. On this set up, we can see that DEFI/USDT is forming a triangle on the LOG chart. The RSI shows that we will enter in a long period of consolidation(look at the descending trend lines), however we will have some excellent gains if we play it well. When we...