WaltrAlexander

WaltrAlexander Updated 

Atom is forming a giant Head and Shoulders with Wave B confirming a previous Wave A correction. They gave us another opportunity to short Atom here. These Wave corrections are based off of the Fibonacci levels that date back to Wave 1. Momentum and RSI are showing bearish divergence as well. I believe we’ll hit the 0.618 on this next wave down. This could take a...

WaltrAlexander Updated 

ENS has formed a double top at the end of an impulse wave. You can look at this chart two ways. You can look at it as a cup/handle forming or you can look at it as a double top. Based on market conditions, this short could be a long term hold if we fall below these fibonacci retracement levels. My minimum take profit level is the first fib, but that could change...

WaltrAlexander

It seems like HNT is at the bottom of a Wave 5 correction with momentum showing an Inverse H&S. This is telling me that we'll have a Wave A bounce up to these fib levels. My minimum TP is the first fibonacci level at the 0.382. RSI is also showing bullish divergence, so I expect HNT to pop while Bitcoin consolidates. This chart based off of The Elliot Wave...

WaltrAlexander Updated 

Bal has confirmed a bearish divergence at the top of a Wave 3 move. This next corrective move could be fast, so don't get too greedy with your profits. The Wave 4 targets are based off of fibonacci retracement levels. The first fibonacci level is my minimum take profit level for this short. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD...

WaltrAlexander Updated 

TRB just bounced off a strong daily support and we have some bullish divergence here. This final drop was a Wave C corrective move and we are now ready to make a move back up. The risk to reward ratio is too good to pass up on. My first target is the 0.618 fibonacci level and this could be an exit pump. I would highly consider taking profits at that price. In the...

WaltrAlexander Updated 

CTK has reached a major resistance level which confirms a double top on the higher time frames. It's very unlikely to break this double top with all indicators pointing towards a reversal. RSI and Momentum looked cooked and are starting to show bearish divergence. These targets are based off of a ABC correction aligned with fib levels. This chart based off of...

WaltrAlexander Updated 

COMP is about to hit its resistance and these are the targets for its corrective move. I have the ABC correction aligned with fib levels. I expect COMP to retrace based on other indicators I see on the higher time frames. The RSI and Momentum have been over extended for quite awhile. I don't see it breaking its resistance like that. This chart based off of The...

WaltrAlexander Updated 

Yes, I'm aware of the bull flag, but I believe the bearish divergence will negate that. I see a Wave 5 top with an Elliott Wave corrective move to the downside. The target I have labeled is my minimum take profit based on the ABC correction. If you're looking for a stop loss, I would suggest $3.62 since we have a lot of daily resistance there. This chart based...

WaltrAlexander Updated 

This push up looks really bullish on the lower time frames, but the higher time frames tell a different story. We have strong daily resistance at the $1.20 level and OP looks over extended right now. I expect a pull back to these Wave 4 fib levels. Keep in mind that we could go lower if Bitcoin decides to fall here. With that being said, I believe this is a nice...

WaltrAlexander

We have a lot of bullish divergence along with a Wave 5 bottom here. The RSI and Momentum looks good on multiple time frames. I see this as a short term trade based on the current market conditions. In my opinion, the risk to reward is too good to pass up right now. We have a lot of resistance around the scalp target so I see that as a good place to take profits....

WaltrAlexander Updated 

Atom is at the top of its Wave 5 move and I have laid out the .618 fibonacci level as my first target for my short. These 10 hour candles have failed to break out of this tough resistance multiple times. Momentum and the RSI are ready to flip to the downside. The money flow on the lower time-frames is weakening as well. This chart based off of The Elliot Wave...

WaltrAlexander

First and foremost, let's take out all the emotions. I know people are so anxious that they want to believe everything is "ok". These fibonacci levels date back to the Nasdaq's Wave 1 move from the early 2000's. Let that sink in for a sec. These fib levels are showing 20 years of data, so don’t think I’m just calling a wild price without having TA to back it up. I...

WaltrAlexander

Remember, TA is all about reading the psychology and probabilities of a market. Sure, we could bounce here, but multiple support tests at the bottom of a bear flag is a red sign. We have had strong bounces at the bottom of this pattern when we rallied from 17k-25k but this time it's different. We've been floating around this PA for quite awhile and it's slowly...

WaltrAlexander

Everything about Algo's chart is yelling "pump". We just hit strong support along with Momentum showing an Inverse H&S. RSI on the higher time-frames looks bullish as well. This bounce for Algo will be strong! My target is a combination of a fibonacci retracement level along with resistance. Keep an eye on Algo because it's ready to pop. This chart based off of...

WaltrAlexander

OP has been falling in this channel for quite sometime. As you can see, we have completed a Wave C correction at the bottom of this channel. If you want a higher probability trade, long the breakout I have circled. These targets are based off the Fibonacci retracement levels dating back to its previous high. A bounce is long overdue. This chart based off of The...

WaltrAlexander Updated 

As always, candles don't lie. We have completed Wave 5 at a key resistance. These doji daily candles are done and we have a great short opportunity at play. Resistance is at $43 and it can't close above it. I am going to ladder short this so I don't get wicked out. I have the ABC correction laid out with Fibonacci levels that traces back to Wave 1. Momentum and...

WaltrAlexander Updated 

Stop believing all these emotional people who claim this isn't a recession. People can't admit it because they're afraid of the truth. You can't change the definition and claim the economy is fine. Oil is going back up and we have just completed a Wave C retracement. I see Oil topping at the 1.618 fibonacci level. Oil is ready to go up and get ready for a crazy...

WaltrAlexander

This is a DCA chart and not a short/long call. First and foremost, let me explain why I'm so confident about this TA. I have traced a historical fibonacci level from Bitcoin's first trading price. I applied this same method back in the 2018 bear market and the bottom happened to wick just below the .786 Fibonacci Level to mark the previous low at around 3k. I did...