AXS is providing us with one last chance to get a large bag before Q3 starts to tick by and we have staking before we know it. We already know it is expected to rise a lot, so the only question is where we can buy the cheapest. The chart has highlighted in green the area that, based on AXS price history, is most likely to be tapped before flying higher. The chart...
ETH had some movements that looked quite confusing so we chose to stop trading for nearly a week to let this pattern just unfold and tell it's story. Well, the story has pretty well been told. This movement cannot be counted as a regular impulsive move because A) It has 3 waves for what should be an impulsive wave 1, and B) Wave 4 would overlap wave 1. Try it...
We can see clearly that ETH/BTC is on an uptrend, and we don't expect this to end before another high. However, we have found a level that we expect to find a strong resistance and probably a local top at. This is because we see a High Volume Node on the price chart which means many sellers are waiting at this level from last cycle. Our plan for trading this...
We can see from the chart that ETH has reached a point where it is unlikely to move much higher. We know this because we can take a 2 extension of wave 1 and notice that it also aligns with an important round level: 4k. This confluence makes a very strong resistance. We can also predict that since the next months are often boring and don't provide much movement...
We have seen a great move down for BTC.D causing a tremendous altcoin season. However, as we approach the 2 extension of the initial wave 1 down it becomes more and more apparent that it may soon be time to reckon with wave 4. This could be a good time for ETH bulls like myself to check their bias and look to take profits in Bitcoin. It doesn't have to end here...
We don't have enough data to be sure of this one but there is a slight lean towards accumulation so far. The dead giveaway will be looking to see big volume on either side or better yet a low volume spring. Let's see.
ETH is having a great run, and we think that the last leg before a nice correction will be more powerful than the other ones. A 5th wave extension is said to have a high chance of occurring when neither the first nor the third wave have extended. And since this is the case, we should be watching for this to play out. It is also possible that ETH will decide not...
The whales often work together with major global powers such as the US president to create FUD at the perfect time to fill their limit buy orders with retail stop losses. We can see very very clearly on the chart that a spring is being printed which looks really bad right now but looking back will just be a blip of red in a sea of green. They ARE trying to steal...
We have discovered a fractal that we believe will give altcoins an average increase of about 850% over the course of just 2 months. Looking at the fractal and the Elliot waves, we can see that the large majority of that growth will come in one extremely powerful weekly candle, so we will be fully expecting that and in a position where we can make the most profit...
We think that it is likely that institutional limit orders are being filled by retail stop losses right now to form a spring. We are kind of new to Wyckoff Theory so this idea is more of a test and probably not best to use for trading. That said if one were looking for an entry, either a higher low or when price breaks back inside the trading range would be good.
This type of consolidation on tokens like this always seems to be very positive for growth. Looking at the recent spikes in volume, we wouldn't be surprised if the target shown which looks far-fetched now is actually reached within less than 2 months. Either way this is more of a buy and hold trade so anyone who can't be patient should definitely avoid it. We can...
I'm sure you have all seen BNB pump recently. And maybe you were wanting to short it but its not looking like a great time from that chart. Well this will give us a chance to get bearish exposure to BNB while maintaining a Bitcoin neutral hedging for the coming drops. We can see clearly that FTT is not trending against China Coin. It is instead ranging. This...
Our last idea was sloppy and we realized that so we have put extra effort to make sure this next idea will be top tier. We are interested in buying BTC at the current market prices and we have placed a stop loss below the high volume nodes to protect the capital. We also looked at the volume profile and expect this wave up to be the "screamer". In other words, it...
We think that ETH remains very bullish. However we see the potential for a minor retracement at this level. If price can continue to show weakness, we may take a short. If price can confidently close above the fib level, we may open our longs again. The 3rd wave often extends so we will see!
Time for a correction. Make sure to hedge risk especially if you are holding low cap altcoins. We all saw how hard those bled yesterday and it will be the same tomorrow. There may be a chance to grab higher prices but it also may just dump straight away. Ladder entry? :)
We found a confluence between the 1.618 extension of micro wave 1 down and the triangle breakout. Too good not to trade!