accumalating rook down here could see a big move soon if we can break the down trend
Using Fibonacci Circles the transition to a bullish state can be demonstrated as a change from 2.618 to the next outer fib circle 3.618 We can see a bottom and bounce off the uptrend channel and a continuation to a state that includes a bullflag (in green rectangle) This is a bullish sign, the middle line of the up channel is the nearest resistance
Hello my friends, I updated on of my trades. This time its on Sushi/USD. I think its has a lot of potential for some upward momentum. There is slight regular bullish divergence on the 4hr timeframe and with the momentum of BTC we can see some rise anytime soon. I've pointed out two zones for taking profit. Hope you like my idea. Please like if so and thank...
ChainLink hasn't moved much since our last post. We appear to be in a descending correction we know descending correction = bullish reversal. We just need to be a little more patient for the breakout and once it comes (and it will come), it'll make all the waiting worthwhile! A good indication that we are almost about to reverse is that we are in an abcde...
Once we zoom out, we can see that BNB has only just completed the 2nd wave and we're expecting the 3rd wave, which is often the biggest. First wave was a 5 wave impulse Second wave was a 3 wave correction Third wave - Anticipating a 5 wave impulse now Fourth and Fifth Wave coming. Trade Idea: - Swing entry now with stops below the recent lows - Intraday entry:...
We saw a 5 wave impulse at the start of 2021 followed by a massive ABC correction which lasted almost a year. We are now expecting the next 5 wave impulse to take to ATH and higher. Maker is really susceptible to volatility wicks so be careful when trading. Trade Idea: - Swing entry now with stops below the lows - You can also wait for lower timeframe pullbacks...
Litecoin has recently completed the ABC correction and we are ready for the next massive impulse wave with very minimal risk. We have a descending trendline where it would confirm our bullish outlook. However we can take a risk entry now with stops below the lows and target the ATH's making it an incredible risk:reward trade. Trade idea: - Risk entry now with...
In our last Solana post we were trying to find out where the bottom may be and we had the -61.8 fib extension marked out as a possible reversal zone. We rejected that fib level nicely and we are now making a higher low indicating the start of the bullish wave. Trade Idea: - risk entry now with stops below the recent lows (safe stops below the -61.8 fib) -...
Our recent Bitcoin analysis didn't go accordingly and the pattern changed. It appears we are in a zigzag ABC formation and currently in the C wave heading towards the 49K. Bitcoin rejected the area between 618 and 78.6 fibonacci and we saw a trendline break - indicating bullish momentum. Trade Idea: - Watch lower timeframe corrections and enter - Safe stops...
Following on from our last ETH analysis, we moved a little lower than our anticipated buy zone. We moved towards the 78.6 fib and we got a nice trendline break indicating bullish momentum. Trade idea: - watch for lower timeframe pullback - enter with stops below that pullback or safer stops below the recent lows - Targets: 3000, 3250, 3600 Goodluck!
Ellipsis had a major bearish collapse and it may be that we've bottomed out now. We saw a breakout of a descending trend followed by a double bottom, indicating a trend reversal. Trade Idea: - Watch for a strong breakout of the descending red trendline - Stops below the double bottom - Targets: 0.4, 0.5, 0.7 Goodluck!
In our last Cardano analysis we had 2 areas we were looking for a reversal. One of them was the structure level we are at now. We're on the 5th wave, which is often a descending correction. Currently in wave E and waiting for the breakout, indicating a bullish reversal. Trade Idea: - Watch for bullish price action within the wedge (possibly double bottom) -...
KDA recently broke out of the ABC correction and now we're in the impulsive phase. We are in wave 3, which is often the biggest wave. Trade Idea: - Watch for lower timeframe bullish price action - Safe stoploss below bull run structure - Targets: 17, 27 Goodluck!
Ripple appears to be in subwave 2 of the bigger wave 3. The subwave 2 is made of an ABC correction, which we can see is being formed. We are looking for bullish price action at our buy zone to take XRP to atleast the 0.95 level. Trade Idea: - Watch for bullish price action at the fib levels indicated - Once bullish price action appears. enter with stops below...
Following on from our last Bitcoin analysis, we saw a nice breakout. We are now in the impulsive phase (wave 3). Wave 3 has 5 subwaves and we are currently on the 4th subwave which is an ABC wave. This wave shouldn't go beyond wave 1 structure level - gives us a clear invalidation level. Trade Idea: - Wave 4 is often an ABC wave - Watch for breakout -...
Following on from our previous post on ANKR, we got a nice breakout followed by a double bottom, which bounced off our structure level perfectly. We are now anticipating further bullish pressure back to the top. Trade Idea: - Watch for bullish continuation pattern on lower timeframe - Enter with safe stops below the structure lows - Targets: 0.118, 0.18,...
Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. I have tried my best to bring the best possible outcome in this chart. As we can see in the chart total market cap makes this descending channel pattern...
Bloktopia alpha is launching now, just tweeted out the alpha emails are going out 10 minutes ago. Lots of fud and naysayers have been on this project so now having this alpha launch finally happen is an interesting moment - for btc and the crypto markets in general it’s also great timing. If this is the bottom for btc then it’s certainly a bottom for bloktopia,...