Piggy_Profit

Piggy_Profit

Good day Traders! Once we lose the current weekly support, expecting some type of darth maul. Bearish divergence on the 12H. Targeting monthly support, 0.382 retracement and 12H OB on the next drop (13.7k - 14k) and then a final push to possibly retest the same current area of resistance once wave 4 is completed. Volume has also been decreasing on these last...

Piggy_Profit Updated 

Morning Traders, Locally, bitcoin seems to be in the process of completing wave 2 of 3 before the next leg up to $13.16k. Bitcoin regained and sucessfully retested major weekly support above $10.2k. I suspect fireworks if we can just get a HTF close above $11655 (monthly resistance) and print a HH above $12k. Looking for B of a larger corrective cycle to...

Piggy_Profit

Morning Traders My primary bullish macro count for now. Can definitely see this playing out. Running flat correction (3-3-5) where we get a 1:1 (a):(c) extension to complete B like we had for A. Targeting $15.5k in Q4 2020 for this final leg up before the next downtrend to complete finally a macro wave 2 sometime next year. Locally, this is what I'm expecting...

Piggy_Profit Updated 

Good morning Traders On account of brrr machines sustaining market liquidity, here's a macro bullish count. Bitcoin does seem corrective on this rise but could be completing a larger wave 2 before the real fun begins. For now we have a 3-day MA50/100 cross followed by a bullish retest and confluent with hidden bullish divergence on RSI. Dollar index also not...

Piggy_Profit

Just an idea but if you use long form Fibonacci sequence numbers as extensions of bitcoin's first cycle, you get interesting results. Each of those levels served as major levels of support/resistance. Just look at that 2013 top and the 2018 ATH. Each top takes successively longer to play out with diminishing gains in each cycle, and each cycle takes...

Piggy_Profit

Good morning Traders This is my primary count for COMP. Seeing this entire corrective move as a larger wave 2 after an explosive W1 from $33 to $373 on Uniswap back in June. Ultimately looking for much higher as the DeFi space grows in a bull market but targeting $305-$311 for now before a final 0.618 retracement to complete a potential running flat to...

Piggy_Profit Updated 

COMP is currently testing daily, golden retracement and trendline support which I suspect is going to hold considering the hidden bullish divergence signal on 4H stochrsi which usually signals continuation in a trending market. Declining sell volume on this drop in confluence with major support and hidden bullish div makes me boolish at least for the short...

Piggy_Profit

Good morning Traders I still think this rise off the daily OB looks suspect. More likely a B/X wave before putting in a final low for this correction. Doesn't look very impulsive considering volume plus ETH is currently at major resistance after leading the market with this recent rise. Expecting a SFP at around 12.1k and targeting 10.7-10.9k for an end to this...

Piggy_Profit Updated 

Good day Traders Polkadot: Dot completing a final 5th within a rising wedge, expecting this one to break down and give us a 0.618 retracement before it goes into price discovery mode for a potential 300% moonshot! Both fundamentals and technicals are looking solid for this one. Should be a winner over the next few months!

Piggy_Profit Updated 

Good day Traders Bitcoin: Expanding diagonal invalidated & seeing this as a completed wave 4 correction for now. Bet there's plenty sitting on sidelines waiting for that 10.5k entry.. More likely to me that this just grinds up from here. Daily order block and 4H EMA200 holding strong. I reckon we should target that $12.8 - $13k weekly resistance next. Good...

Piggy_Profit

Bitcoin: Hidden Bullish divergence on the 12H RSI, confluent with trendline support of a potential expanding diagonal triangle to complete wave 1 of a larger 5th/C at around $13k. Expecting a SFP rejection from $13k and a short-term correction to follow with major support at $11.1k and confluence of major support between $10.2-10.3k where there is a strong...

Piggy_Profit

Good morning Traders Bitcoin (BTC/USD) has been expanding in a corrective manner since the covid crash back in March. I reckon there's a pretty decent possibility that the current uptrend and final C wave of (B) completes somewhere between $16-19k to complete a macro regular flat correction. IMO we should get a 1:1 extension of (A) which would have bitcoin...

Piggy_Profit Updated 

Good day Traders, BCH seems to be contracting within a B wave triangle and has just completed wave E of B imo before the next final leg up to complete wave C of the zigzag (wave E usually falls short of triangle support). We've already had a 50/100 bullish cross on the daily and the 200 day is perfectly aligned with triangle resistance at around $267....

Piggy_Profit

I can't accept that the rise off the March lows was impulsive considering volume and the level of choppiness during the rise up, but I do think we could be printing the final C wave of B for a potential flat correction which could see us soon grab liquidity above $17.1k before a larger C wave correction of a higher degree. Reasons to be bullish on the daily:...

Piggy_Profit Updated 

1:1 WXY correction complete with a clear 5 wave count for wave Y and gradual declining volume as bitcoin rises. 4 hour bearish divergence now on the 4H OBV. If this count plays out, we should be starting wave 3 of 5. If wave 3 is a 1.618 extension of wave 1, I'm expecting this wave to complete somewhere around 5150. A 2.618 extension will see an extension to...

Piggy_Profit

Bitcoin (BTC/USDC) is looking amazing on the daily chart. Not planning on getting shaken out by this one! Reason why I believe this local bottom is in: Major hidden bullish divergence on the daily MFI Regular bullish diversion on 12H MFI Declining sell volume while price drops Low volume on that drop yesterday (that was the capitulation candle imo) ...

Piggy_Profit

Hello Traders I see this pullback as a larger ABC correction. I believe we've more-than-likely just completed a of (B) and will start retracing soon. Alternatively, if the previous weekly open successfully holds as support on a retest of $8 590, there could potentially be one last blow-off to around $8 900 before taking all liquidity at once and screwing longs....