Skyrex

Skyrex

Here are 2 possible scenario how the bull market can be started: 1. Negative scenario (white line) This scenario considers the bear market continuation. In this case price has just finished the wave 4 of the bear market and now is forming wave 5. This scenario is likely because price stopped exactly below the wave's 1 bottom and the axiom of non-overlapping...

Skyrex

Hello, everyone! Couple of weeks ago we made analysis on GALA where considered that it's closed to it's bottom. Since then this asset is staying at the same level and most of traders disbelieved in the any potential bounce. If you remember 2D is our working time frame to establish the Elliott waves cycle. Usually we have 3 confirmations of the reversal:...

Skyrex

Hello, dear friends! Bitcoin made couple tricky moves yesterday, but today finally has confirmed it's intentions to grow. We have been waiting for this pump in the wave 2 which is happening after wave 1. This wave has target between the Fibonacci 0.5 and 0.61. This is the price range between $28300 and $29100. After that we expect the wave 3 to the...

Skyrex

Greetings, Skyrex Community! In our previous discussion, we briefly alluded to the emergence of a bullish reversal bar in the price, accompanied by an initiation of momentum reversal. Today, it appears that the price surge may already be in progress. Our objective is to gain insight into the potential price structure. An analysis using Elliott Wave theory...

Skyrex

Hello, dear friends! Most of traders now excited why Bitcoin is dumping and to be honest we also have this concern, but at the current moment of time everything is not so ugly as it seems. Looking at the 4h BTCUSDT price chart we can see that wave B is about to be finished. Wave A was impulsive, that's why we expect the same behavior from wave C. Correction...

Skyrex

Hello, everyone! Today a lot of traders making analysis on BINANCE:LINKUSDT because it has suddenly pumped against the entire market. Could this coin be already bottomed or new lows are incoming? Looking at the price structure since ATH we have the clear EW counting. Global ABC correction is represented here as a classical zigzag. Wave C in this case should...

Skyrex

Hello, dear friends! Last time I have too many analysis updates on INDEX:GALA . Some of you could think that I am their ambassador, but it's not true. This asset just in the nice price range to accumulate some coins. You have already seen my global analysis that bottom is almost here. Today I will show you the local price action analysis. the fact that...

Skyrex

Hello, dear friends! Time to make an update for the annoying BINANCE:GALAUSDT which have already took 2 my stop-losses during this dump. Elliott waves analysis is showing us that the bottom is too close and the potential reward is gonna be 10X more than risks, that's why it's ok to get couple of SLs. Looking at the current price action it looks like dump...

Skyrex

Hello, community! Many individuals are currently expressing concerns about the ongoing local price decline, speculating if this rapid decrease is the anticipated correction leading to a $21,000 valuation. We, however, hold a different perspective. Let's delve into the specifics of our analysis. As previously stated, Bitcoin is presently navigating through wave...

Skyrex

Greetings, everyone, We find ourselves currently facing the primary pessimistic scenario in the context of BINANCE:BTCUSDT price dynamics. The digital currency has recently dipped below the $15,000 mark, marking the culmination of the final bearish wave 5. Concurrently, a pivotal juncture looms at approximately $21,000, where the price will determine the...

Skyrex

Hello, dear friends! We have two the most interesting crypto assets: Bitcoin and Ethereum. If I have confidence that BTC will finally dump, BINANCE:ETHUSDT is showing us another picture. First of all let's take a look at the mid term picture. Awesome Oscillator helps us as usually define the 5 Elliott waves cycle. Massive bullish divergence has finished...

Skyrex

Hello, everyone! Let's talk about BINANCE:BTCUSDT today because it's pumping exactly as we warned you. Of course, globally we remain bearish mood, but when price reached $24800 again too many traders concluded that it's "obvious" short. Market has liquidated all overleveraged bears. On the chart you can see the 5 waves EW cycle. This is the last impulse in...

Skyrex Updated 

Hello, dear friends! Today I will show you why there is a huge confidence in potential pump for BYBIT:GALAUSDT.P and also the bear market could be finished for this asset. First of all let's take a look at the 2D time frame. It looks like price is printing the ending diagonal in last bearish wave 5 which consists of 5 waves. Awesome oscillator is showing...

Skyrex

Hello, everybody! I think most of traders now have the bearish outlook on CRYPTOCAP:BTC . In general, we agree that price will reach new lows, but funding rate now is negative, which means nobody believes in any bounce. At the same time looking at the price chart we can see that BTCUSDT has almost finished the wave 1 of the last bearish wave. This...

Skyrex

Hello, community! Today it's time for BTCUSDT update because situation has changed a little bit. If earlier we expected the dump to $24500 and then pump to FWB:29K , now Elliott waves analysis is showing us that situation became worse. It looks like BTC now is in wave 2 of the wave 3 higher degree. Wave 1 inside wave 3 has the clear 5 waves structure and the...

Skyrex

Hello, community! Today it's time for mid term BTC analysis update. In our opinion it's finishing the wave 1 of the last bearish global wave. Look how perfectly the lower degree waves fitted the Fibonacci levels. Wave 3 has been ended exactly at 1.61 Fibonacci level, wave 4 reached the zone between 0.5 and 0.61 Fibonacci retracement of the wave 3. Now we...

Skyrex

Hello, Community! You already know what we are waiting for in the short term. Now it's time to talk about mid term scenario. In our opinion the September is gonna be volatile and we can book some profit if market gives the entry points, but a lot of traders is gonna be confusing of complicated potential moves. BINANCE:BTCUSDT is forming the first wave...

Skyrex

Hello, Community! Exactly as we told you in our last update that BTCUSDT is gonna show the correction to the upside in wave 4. The target for this bounce is $27600 which is 0.5 Fibonacci retracement level. Maximal possible target is 0.61 Fibonacci level at $28300. Anyway, BTC has already filled the imbalance candle and reached the conservative target. There is...