Skyrex

Skyrex

Hello, Community! Let's continue analyze crypto assets using SmartBot. I will remind you, this is an automatic trading strategy which defines the dynamic support and resistance levels, adjusting entry and exit points according to current market state. Today it's time for my favorite altcoin CRYPTOCAP:ADA . On the ADAUSDT price chart we can see that since...

Skyrex

Hello, Community! Today, we will delve into the current price action of Ethereum CRYPTOCAP:ETH using cutting-edge SmartBot. Let's take a look at the 1h time frame ETHUSDT price chart. Couple of days ago SmartBot has created the base which had been already broken. This base have high probability to be retested, that's why script has printed the potential...

Skyrex

Hello, everyone! As you already know we recently developed the automated trading strategy which can give us the trustful levels of support and resistance. Today we will take a look at the current CRYPTOCAP:BTC price action using this script. Let's look at the 1h time frame BTCUSDT chart of the Binance exchange. The script has been started on 3-rd July and...

Skyrex

Hello, everyone! Yesterday I made the BTC analysis where pointed out that it's pump will be ended soon. Today it's time to talk about CRYPTOCAP:ETH which is going to follow Bitcoin. 1️⃣WHY THE ELLIOTT WAVE FORMATION IS VALID? Let's take a look at the ETH price chart. We can see also the clear 5 Elliott waves formation. Notice that wave 3 has perfectly hit...

Skyrex

Hello, everyone! Yesterday I made a global analysis on CRYPTOCAP:BTC where told you that expect the huge correction according to Elliott waves formation on the higher time frame. I have also pointed out that the early reversal sign could be obtained on the 4h time frame. Today we will consider what is happening in the local picture. Let's take a look at the...

Skyrex

Hello, everyone! Today it's time to update the long term CRYPTOCAP:BTC analysis. I suppose in the upcoming week we will see the bear market continuation. I don't know if Bitcoin price is going to break $15k, but anyway big correction is incoiming! For our analysis we should use 2D time frame because it's needed 100-140 bars in Elliott waves analysis. BTCUSDT...

Skyrex Updated 

Hello, everyone! One of the strategies which I use in my trading routine is FibDiv strategy. This strategy differs from other based on Fibonacci retracement, but in my opinion has higher win rate and clear rules to enter and exit trades. To apply this strategy follow the steps below. 1️⃣FIBONACCI RETRACEMENT SETTINGS Firstly you should set the additional...

Skyrex

Hello, my dear friends! Yesterday I have predicted the local correction to $30200 and then pump to $31800 in wave 5. But now I think that all current move is still reactive wave 4 represented as the flat correction ABC. I think we will see the new higher high, but not that much as most of traders think. Let's try to understand what is happening right now with ...

Skyrex

Hello, my dear friends! Yesterday I told you about two possible scenarios for CRYPTOCAP:BTC . I pointed out the risky and safe ones. The risky one was the retracement to 0.61 Fibonacci of local swing to $30300. My limit order was filled there, but I closed it in small profit because I don't like what is happening on the Bitcoin market at the current moment. I...

Skyrex

Hello, everyone! Bitcoin continues it's sideways move. It's almost obviously that it's not the start of the new bearish trend, but just a correction. Elliott waves analysis told me that CRYPTOCAP:BTC is printing wave 4. Has this wave been ended? Let's try to reveal! Let's take a look at the 4h time frame BTCUSDT price chart. Here we can see the safe support...

Skyrex

Hello, my dear friends! We saw the boring and low volatile market this weekend, that's why I did not make the analysis update. Today the low volatility on the Bitcoin continues, that's why I decided to analyzy CRYPTOCAP:ETH price action to understand what is coming next. Let's take a look at the ETHUSDT price chart. Here we have almost the same Elliott waves...

Skyrex

Hello, everyone! While CRYPTOCAP:BTC continues it's fluctuations next to the $30k, a lot of traders have question if it's going to continue pumping without any significant correction to $40k+ or it's just a trap and dump is imminent in the upcoming week. Let's consider the currect price action to understand it. 📈 Why the pump continuation is likely? If we...

Skyrex

Hello, everyone! While CRYPTOCAP:BTC is in sideways it's time for altcoins to recover their prices. Yesterday my coin of the day was BIST:LINK , today is time for NYSE:SNX . In my opinion the increased Bitcoin dominance should be allocated to altcoins in the upcoming days/weeks. Lets take a look at the SNXUSDT price chart. Like other altcoins this asset...

Skyrex

Hello, everyone! If you will ask me if the bear market finished or not, I answer you that 70% probability yes! Of course I thought that we will see CRYPTOCAP:BTC below $15k, but today's pump can change everything. Even if the bull market has started, Bitcoin will give us a chance to buy it at lower prices, I am sure. Why I became bullish? This impulsive pump...

Skyrex

Hello, guys! Nothing did change on the cryptomarket since my last analysis update, that's why I decided to have a rest yesterday. There is also the weekday today on US market, that's why we are seeing the annoyable flat continuation. What is gonna happen next and where is the next target for this pump? Let's go! On the CRYPTOCAP:BTC price chart we can see...

Skyrex

Hello, my dear friends! As you know yesterday I changed my mind from bearish to bullish for the upcoming weeks. The reason was bullish reversal squat (MFI indicator state) bars on 4h and 1D time frames with the nice angulation with the Williams Alligator indicator. I expect last pumping wave 5 which should consists of 5 Elliott waves also. Let's take a look at...

Skyrex

Hello, everyone! Yesterday I told you that CRYPTOCAP:BTC is going to drop and we saw the impulsive dump. But I have the question: where is dump continuation? Why Bitcoin is pumping again? Is it another one bull trap or my main scenario is gonna be invalidated because this dumps and pumps do not look like the impulsive wave to the downside. Today I have even...

Skyrex

Hello, everyone! CRYPTOCAP:BTC is staying at the same price level for several days. While altcoins demonstrated the huge crash, Bitcoin had only -3% reduction. It's quite boring because price is inside the downward sloping range for more than 2 months. This is the best time to be prepared for the huge movement in the nearest future. In the middle of April...