WicktatorFX

WicktatorFX Updated 

In our last post on Solana, we identified that we were in a 535 zigzag pattern. We have almost completed the midsection - awaiting one final move up to complete wave B. Trade Idea: - Watch for bullish reversal patterns on lower timeframe - Safe entry on break of red trendline - SL below price once red trendline breaks - Target: 32.5, 50, 60 Goodluck and as...

WicktatorFX Updated 

This may be against the trend or as my friend says "going against a tsunami" but there's technical evidence to suggest that we may see a drop in Gold for the next couple of months. On the monthly timeframe we appear to be in wave 3 - which is made out of 5 impulsive subwaves. See below: Wave 2 and Wave 4 are ABC corrective waves and on the weekly timeframe we...

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Well.. Gold has been incredibly kind to us! We managed to catch the top perfectly in May, giving us a massive 2500pip profit. The move down (wave A) was a complex ABC correction, which ended in October. Once we completed the bearish wave, we managed to forecast ahead and plan for the bullish move (wave B). We are still holding our initial entries and looking for...

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In our last analysis of Silver, we identified we were in a 335 flat correction. We are in the middle section (3 = ABC). We are in wave B and looking to catch C. Trade Idea: - Watch for a break of the red trendline for confirmation - Risk entry on rejection of fib levels - Targets: 24, 25, 26. Note that we can make a complex ABC correction for wave B so do...

WicktatorFX Updated 

This is the 2week chart for GBPAUD. We're in a 535 zigzag pattern. We can see that we've completed wave B (3), which was an ABC correction. We are now in wave C and anticipating a 5 wave move down, in line with the 535 zigzag schematic. On lower timeframe we'll be looking for this current correction to breakdown. Trade Idea: - Watch for current correction to...

WicktatorFX Updated 

Our last SOL analysis was spot on. We had a perfect breakout and have seen 80% raw gain! We are holding our position and look for further entry opportunities until we complete the bigger wave B correction. On lower timeframe we will be looking for any bullish corrections and will be using Elliott Wave corrective schematics to identify when and where to...

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In our last analysis of Bitcoin, we identified that we were in a correction and were looking for a move up for wave C. We are now in wave C and anticipating 5 subwaves. We've seen subwave 1 and anticipating subwave 2 correction in the next couple of weeks. Once we get that, we can look for another entry to take Bitcoin even higher! No trade idea as of yet....

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USDSGD has recent topped with a beautiful rejection! We had the 50 fibonacci, channel AND an ending diagonal, all indicating a reversal! Now that we've topped, we can look for any pullbacks to add a position for the massive drop. Trade idea: - Watch for pullback - once pullback appears, look for a trendline break or structure rejection - Enter with stops above...

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Here we have the 2week chart of MATIC. We can see that we're in a clear bullish motive wave. We are currently in wave 4 which appears to be a complex ABC wave. We are looking for subwave c move higher to complete wave B. Trade Idea: - Entry on red trendline break - stops below the lows once trendline breaks - Targets: 1, 1.4, taper Goodluck and as always, trade safe!

WicktatorFX

Silver is currently in wave 2, which appears to be a 335 flat correction. Wave A had 3 waves and now we're in wave B where we're expecting another 3 wave structure. It appears as the bottom is in so we can use the lows as invalidation level. Trade Idea: - you can either enter now with stops below the lows - Or wait for a pullback (retracement) and enter with...

WicktatorFX Updated 

CADCHF has given us over 1000pip worth of setups. We are now looking for one more trade setup to complete this bearish wave. We know that Waves 1, 3 and 5 have a 5 wave structure. We are currently in wave 5 and looking for 5 subwaves to complete the bearish sequence. Trade idea: - We are in subwave 1 (of wave 5) - Watch for subwave 2 retracement - price should...

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USDCHF has recently provided us with an ending diagonal, signalling that the bottom is in. We are now looking for a retracement. The deeper the retracement, the better! Trade idea: - Watch for lower timeframe reversal patterns to indicate retracement has started - once entered, taper positions as we move lower towards the bottom - The longer term trade will be...

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Here we have the 2weekly chart of Chainlink. We can see that on a higher timeframe, we are still bullish. We have not yet completed the 5 waves. We are currently on the 4th wave which appears to be a WXY correction (breakdown: 3 waves for W, 3 waves for X and 3 waves for Y) We have almost completed wave X and anticipating wave Y soon. Once we make that final...

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MANA is showing us a perfect example of an Elliott Wave Impulse, correction, impulse. We are currently within the correction and looking for Wave B completion. Will be looking for lower timeframe price action to tell us when to enter with a small stop loss! Goodluck and as always, trade safe!

WicktatorFX

We can use Total Market Cap to analyse when it's best to go bullish or bearish on the crypto market. A growing market cap can indicate investors' interest and their positive evaluation of the current market state = bullish whereas a stagnant market cap would indicate that investors are taking their money away from the crypto market = bearish. By analyzing the...

WicktatorFX Updated 

CADJPY is on our radar at the moment. We currently appear to be in an ABC corrective wave and looking for wave C lower. On the lower timeframe we'll be looking for reversal patterns to indicate that wave B has completed and that we've started wave C. Trade Idea: - Watch for lower timeframe reversal patterns or trendline breaks - enter with stops above the...

WicktatorFX Updated 

Avalanche is currently in a simple ABC pattern. We have completed wave A and now in wave B that looks like an ABCDE pattern. Looking to catch wave C once we finish subwave E of wave B. Trade idea: - Risk entry on break of orange trendline - Safe entry on break of red trendline - Stops below lows after we break either of the aforementioned trendlines - Targets:...

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On the lower timeframe, we can see that we have 2 entry trendlines in place. The orange trendline = Risk entry The red trendline = Safe entry Trade idea: - watch for break of either trendline for entry - once trendline broken, stop loss goes below price - Targets: 0.38, 0.4, 0.46 Goodluck and as always, trade safe!