TA is about reading market psychology on a chart and interpreting the probability of an outcome. With that being said, let’s be honest for a sec. Who’s going to buy an extended rally like this? OP went on a massive rally after it's selloff in June and it looks like Wave 5 has completed. We have major bearish RSI Divergence on OP and we're now in an Elliott Wave...
Bitcoin is at the end of Wave 3 at a key 1.618 Fibonacci level. Momentum and RSI are calling for a reversal, so we will have to see how this move plays out. The highlighted bubble is a bull trap to trap late longers. A higher high up to a key Fibonacci level is a very easy way to trap people who are longing the ''breakout''. I expect a pull back to Wave 4 which I...
I have a couple of important highlighted levels in this chart that are indicating a reversal. First and foremost, I want to state that I fully believe this relief rally bounce from the 200 MA is over. This Bear-Market is just getting started and I have Wave C marking the bottom at the 0.618 Fibonacci level. The bounce at the 200 MA was enough to give people some...
TRB can't break this double top with all the bearish indicators suggesting a reversal. TRB is at a strong Fib level on the daily timeframe. A Wave 5 impulse at the top of a strong resistance are solid shorts to take. I highlighted the Wave A target based off Fib levels (lower time-frame fibs) as well. This chart based off of The Elliot Wave Theory, Fibonacci,...
Based on the Elliott Wave theory, it looks like Matic has just completed Wave 5. Matic and its RSI are currently in a rising channel that is starting to lose momentum. The RSI is starting to flip to the downside indicating a reversal as well. I have Wave A going to the 1.618 Fibonacci level with a temporary bounce there up to Wave B. Ultimately, I see Matic...
If there was a time to pump Gala, I’d be now. The daily support turned into new resistance and Gala is in a spot to break its new resistance. It’s been in this falling channel for months cooking up steam. The RSI has broke out of its tight wedge on the daily time frame as well. Momentum is also flipping to the upside during a critical point. If Gala can break out...
You can clearly see how strong of a resistance this EMA is on the 3day timeframe. BTC has wicked slightly above this EMA, but it hasn’t closed above this since April. We are either getting ready for an explosive move up or an explosive move down. With that being said, we’ve usually tested this EMA three times before dumping. We are testing it for third time right...
One has been in this falling channel for months. We look bullish considering that we’ve broke through a strong EMA along with Momentum and RSI flipping bullish. We are currently out of the falling channel and I see One getting a relief rally in the short term. My target is that strong resistance at the 1.618 Fibonacci level. This chart based off of The Elliot...
In 2018, it was wise to short the lower highs. In 2022, we’ve been shorting the bear flags. The pervious bear flag top was 32k and it broke down to 17.6k. This current bear flag has a pole percent of 33% which is targeting 12k. The TA is calling for a retracement down to the 2.618 fib which bottoms out to 12.6-12.9k. The trend is your friend and you have to play...
Matic has been a nice relief rally, but it’s time to come back down after failing to break resistance. Everything on Matic is overbought which is indicating a reversal. We completed Wave 5 which failed to break its resistance. Wave C will come back down to test the next support. A failure of that support test will have Matic retesting the lower support area I have...
Comp is currently in a correction after a massive run. Based on the elliot wave theory, we’re in an ABC correction looking to retest the support zone. It was clear that COMP’s momentum was slowing down after Wave 3 and 5 struggled to break resistance. I expect a bounce after Wave A, but ultimately I see COMP completing Wave C to my labeled target. This chart...
GMT has double bottomed at the bottom of this falling channel with price breaking out as well. Coincidentally, this happens to be major support for GMT as well. Wave C is complete and I have my target based off of the pole. We will be set for my target once we break the resistance I have labeled. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s,...
After completing Wave C with a double bottom, Atom bounced strong out of this falling channel. These are next two resistance zones that Atom has to break. If we break the first Fib resistance (.382), I expect it to shoot to the .618 fib extension. Momentum has just printed a green dot which is indicating an upward continuation of this breakout. This chart based...
In a bear market, you have go off of Support and Resistance. With that being said, it’s wise to buy support and sell resistance. Bitcoin has just put in a higher low on the daily timeframe which further validates Wave C. We also bounced strong off support which is suggesting a temporary local bottom. We also have Momentum and RSI flipping bullish off of support....
In my opinion, Gala has just completed Wave C which has bottomed at a major support level. The higher timeframes like the daily have tested this support and it has bounced everytime. As long as the market stabilizes, I see Gala testing the first resistance and we’ll go from there. We will either get denied at .0567 or break it to the upside. The second target...
Before I get started, let state that this isn’t a short signal. This is more of a mid-term TA to show where the bottom is. This TA has to be one of the most realistic charts out there. We have some calling for 10k and we other people saying that we’ve bottomed out. We will meet in the middle and I’ll explain why. I drew out the Fibonacci Levels from Wave 1 up to...
After it’s daily sell-off, it looks like GMT has refueled for another push to the upside. GMT has been in this descending channel and it’s having a breakout. RSI and Momentum are calling for a reversal at the bottom of Wave C. I expect GMT to retest resistance and we’ll go from there. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI ,...
Based on the Elliot Wave Theory, it looks like Wave C just completed. We also have bottom signals like Momentum and RSI which are indicating a reversal to the upside. The next Resistance is at .074 and it’ll be interesting how that plays out. We have to take this step by step. I will reassess Gala once we get there. TP- .074 Stop - .0645 This chart based off of...