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Bitcoin - Please be greedy and FOMO in! Bitcoin is absolutely pumping heavily right now, and there is not too much time for you to jump in, so you need to FOMO in ASAP and be greedy! The pump is real, and if you think this is a scam pump and we are going to go soon to 14k, then ........... The next target for Bitcoin is around 29k! In one of my next analyses, you will see why this is a very important level, so make sure you follow me! Bitcoin is currently approaching a significant resistance level, which is the 0.618 FIB + start of the FTX dump + start of the GAP. It's possible that the bears will step in temporarily, so keep that in mind! There is of course a possibility of a retest of the rectangle pattern, which is at 18,400. Also, it's a breakout level of the major trendline from August. If you haven't seen my idea from January 5, where I told you bitcoin was going to exponentially pump, check out the related section down below. Everyone was bearish back in the day! There is absolutely no bearish divergence on the higher timeframes, and the uptrend looks extremely healthy and powerful! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. I share my trades privately. If we take a look at the end of the downtrend, we can spot a SFP (swing failure pattern), or someone can also call it a double bottom pattern. The neckline of this pattern is currently breaking out. A trendline from August is breaking out as well. From the Elliott Wave perspective, we are in the third wave of the third wave, which is the most impulsive phase. Also, you can see my Elliott Wave count on the chart, so check it out. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
135
Bitcoin - Exponential pump, right now! (must see). I know more about bitcoin than anyone else, and I am telling you that this bear market rally will be huge! But at the end, it can be destructive. Bitcoin is absolutely prepared for an exponential pump to 38,981 USDT! In this analysis, I will tell you why, so keep reading, you don't want to miss it! First of all, a major impulse Elliott Wave has been completed (69,000 -> 15,476), and people are calling for 13K, 10K, and 6K. I think it's definitely possible to reach these low levels, but first we should have a bullish ABC retracement (correction), and I was looking for an optimal retracement level, which is the 38,981 level. Why 38,981? It's the 0.618 FIB retracement of the major impulse wave + the last GAP that needs to be filled + the previous consolidation structure's POC. This is the strongest level, and it's the open gate to a new all-time high. Unfortunately, this is going to be a bear market rally, and after we hit 39k, we could continue in the bear market and fall down to 6k–10k to complete this bear market. If you want Bitcoin to grow exponentially, hit the like right now! The volatility index on BTC is at an all-time low, which suggests an exponential move is likely. I think the move is going to be to the upside because there is not enough fuel to go down. The falling wedge is a huge barricade, and the bears don't want to go against it. So for the bears, it's better to transform into bulls and ride the bear market rally! Have you seen that huge green dildo on Solana? It's an indication of a trend reversal not only for this coin but for the whole crypto market. What's more, if we take a look at the RSI indicator on the weekly chart, we can spot a bullish divergence, which is a very strong indication, especially in the crypto market. All markets move differently, and the crypto market follows the RSI and the Elliott Wave theory much more than others. Anyone who tells you that his strategy or bot works on all types of markets, such as forex, stocks, crypto, and commodities, is most likely lying to you. A bot that is profitable on forex is absolutely not profitable on crypto. I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. A 131% pump from the current price is likely, and it's time to fill your bags with altcoins if you trade on the spot market. Otherwise, you can open a leveraged position on bitcoin on the futures market. Personally, I am a futures, options, and spot trader. I want to take advantage of all of these products. Look at my extremely important idea about "Bitcoin: All of the Reasons Why the Bottom is Near (in)" from November 13, 2022 in the related section down below; you must see it! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
142
ApeCoin (NFT) is pumping thanks to Donald Trump! (massive) APE coin looks very strong at this moment, also thanks to President Donald Trump and his NFT collection. That is also great news and an important catalyst for the NFT coins, such as the APE coin. APE coin is currently breaking out of the falling wedge pattern on the daily chart! The main downtrend wave has been completed, and now we are looking for a bullish retracement. How far could the APE coin go? Well, I am personally selling APE coin at the strong resistance, which is the 0.618 FIB or monthly resistance + GAP (10.5 - 11.3). My entry price is 4.112. I share my trades privately. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. From the Elliott Wave perspective, unfortunately, this coin still looks pretty weak. We can spot two corrections: wave 2 and wave 4. This appears to be an impulse wave, implying significant selling pressure and the possibility of another major crash in the future. APE is a great coin to trade on the futures market because it's highly liquid and there are a lot of opportunities. You can short APE at the 0.618 FIB, and this is exactly what I am going to do later! The crypto market is very bullish at this moment, so I am not shorting anything and am only going long. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
67
Ethereum is about to explode! (brutal) Let's celebrate with me this massive upcoming pump on ETH! The chart is now extremely bullish, and in this analysis, I will tell you why! As you can see, the price is printing an ascending triangle on the daily chart. Ascending triangles are very powerful, especially at the bottom of the downtrend! From the Elliott wave perspective, this triangle is a nest with 2 impulse waves, which we can label waves (1), (2) and Waves 1, 2. This is definitely not a corrective pattern in this case. I am sure you have seen the huge dildo on Solana; what if I tell you that something similar may happen to ETH? I predicted this exponential pump on SOL 3 weeks in advance, so check out the related idea about SOL down below! We have a tremendous unfilled gap between 1352 - 1448, and the market wants to fill this gap, which gives us high confidence in this upcoming move. On the way up, we have basically 4 resistances. The first is the 1448 0.618 FIB + FTX dump, followed by the parallel trendline, the previous POC, the start of the GAP at 1545, and the 1680 monthly / weekly high. These levels are good for intraday trading. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Two scenarios are now possible. We will spend more time consolidating in this ascending triangle, or we will break out very soon! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
59
Shiba Inu is breaking out! Take a huge profit here. Shiba Inu is absolutely prepared for a massive uptrend on the daily chart! We can see that the price is breaking out of the falling wedge pattern. This falling wedge pattern is not a standard wedge because it is also an ending diagonal from the Elliott Wave perspective, which is a powerful combo. Also, on the RSI indicator, we can spot a bullish divergence between the swings. It's also a strong indication that the bears are losing steam. It's a great time to open a long position on the futures market, as I already did! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Now the most important question is: where is the profit target? On the way up, you obviously want to target strong resistance. Strong resistance is undoubtedly the start of the previous GAP + top of the parallel channel, and if the bulls break this level, the previous consolidation structure's POC will be reached. You can see these levels on the chart! If you haven't seen my analysis about Bitcoin's exponential pump, then you must, so check out my related section down below. December was an extremely good month when it came to opportunities in the crypto market, and January is starting very positively as well. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
68
BTCUSDTwave 2 flat 335/wxy wave structure. SL at the invalidation point of a wave 1 at 17050 target 16300 Guidelines • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B terminates near the start of wave A • Wave C generally terminates slightly beyond the end of wave A • Wave C needs to have momentum divergence Fibonacci Ratio Relationship • Wave B = 90% of wave A • Wave C = 61.8%, 100%, or 123.6% of wave AB
Short
by Abietrading
Ethereum - Big overview of the bear market. The bears are in full control because ETH is below the two major trendlines and also below the 200-day moving average. We have a FTX GAP between 1545 and 1352. This gap was caused by a huge panic sell-off of traders due to the collapse of the FTX exchange and by CZ Binance, who tweeted that he was not going to buy FTX as he wanted. This gap can be filled, but of course it doesn't have to. Also, there is a 0.618 FIB at 1415 + the top of the yellow trendline + the 200-day moving average, which is another strong resistance. The bulls need a lot of strength to break this zone, and even if they are able to do it, there is another white trendline, which is the top of the parallel channel at around 1800. It's hard to say if the bulls will be motivated enough to break it. I don't want to be bullish about this strong resistance, but we can definitely touch it, no problem. At this moment, my trades are only short-term swing and intraday trades, so I am not thinking about buying any coins for the long term. I still think the bear market will continue in 2023 because other coins look extremely bearish, including Bitcoin. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. As you can see on the chart, the price is moving in two parallel descending channels. The top trendline of the first white parallel channel has only two touches, so the third touch should be rejected strongly. This is a bearish Elliott Wave count, and we are currently at the 3rd wave of the 5th wave. I suggest continuing lower to complete this impulse wave. I would love to buy ETH for around 250 - 300. I believe it is possible to get there, based on other assets such as stocks. TSLA, META, NTFLX, etc. are experiencing the biggest crash in history. And ETH is also, basically, in the IT sector. If ETH drops below the key resistance of 1073, I expect a huge flash crash to the bottom of the descending channel. Overall, I am bearish, and we may definitely see some relief rally. But don't get rekt by the main resistance I mentioned earlier. Look at my idea about SOLANA (exponencial growth) in the related section down below. Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
59
Solana - Exponential growth, right now! Solana looks extremely strong at this moment, and it looks like we will have an explosive pump! But it has already begun. From a technical perspective, we need to retest the previous blue trendline, which is at 29.8 USDT. It's also the point of control for the previous price action. This is the first profit target, and I recommend selling SOL here. The second profit target is more advanced. There are a lot of stop losses above the wave (4), so the market might find enough strength to get there. It's at 48 USDT. In my previous analysis on Solana, I recommended buying SOL at 8.6 USD, so check out my previous idea in the related section down below for more details. The chart is printing a broadening falling wedge on the weekly chart, and there is definitely the possibility to touch the top of the wedge in the immediate short term! This analysis is not a trade setup; there is no stop-loss, entry point, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. As per my Elliott Wave analysis, the major impulse wave from the previous all-time high has been completed successfully, and at this point we should look for an ABC retracement to the upside. I see a lot of signs that Solana has temporarily bottomed out on lower timeframes. The strength is currently incredible. Counter-trends tend to be steeper, so there is a possibility of hitting my price target at warp speed. If you want to trade Solana intraday, it's definitely a good opportunity because the volatility on this coin should be insane. I recommend only longs. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
108
Solana - Buy here for a 452% PROFIT! (Best level) You are wondering why SOL is falling drastically and maybe where the best level to buy is. In this analysis, I will show you! Technically, this coin is very weak. The downtrend is steep and very impulsive, no doubt about it. But it is also a great opportunity for buyers to speculate on the midterm long position. But first of all, we need to find the best level for it. Fibonacci is a very powerful tool, and we can use the confluence of the FIB retracement and FIB extension to look for a level where there is likely to be a trend reversal point. We need to take a FIB retracement (LOG FIB) from the previous huge uptrend from 2020–2021. We can see that 0.618 FIB is at 8.52 USDT. 0.618 FIB is, of course, the strongest FIB level. Also, we need to take a FIB extension from wave 3 => 4 to predict a fifth wave. There is a pretty good chance that the trend reversal point can occur at the 1:1 FIB extension, which is around 8.74 USDT. Because we have a very strong fibonacci support between 8.52 and 8.74 USDT, we can place a buy order here and wait for the price to reach this level! Sounds pretty easy, doesn't it? I think we should see a lot of buyers here, and we can expect a major rally with a potential profit of 452%! If you bought SOL at a higher price and you want to get out, then it's good news for you! I don't have any SOL at this moment, so I am waiting for the price to come to me! The price is moving in the descending parallel channel, and this is also a great opportunity to buy SOL at the bottom of the channel, so we have another confluence to buy SOL! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. I hope you guys will take this trade! Take care. For more ideas, hit "Like" and "Follow", right now!
Long
by UnknownUnicorn2537518
81
Binance 80% CRASH! Black swan crypto event. Fundamentals first. Binance Exchange is losing customers; that is a fact that everyone knows. The huge scandal occurred just before Christmas, but it looks like people have already forgotten what happened. What is causing Binance Exchange to lose customers? First of all, Binance Exchange itself is banning users all around the world for no reason. My friend got banned before Christmas, 1 day after he opened a short position on BNBUSDTPERP futures. I received a lot of messages from people all around the world saying they received an email with a permanent account suspension. Half of them could withdraw their funds; the other half could not. So if you received this email and you don't know why, Binance Exchange can ban you without any reason, just if they want to. There is a conspiracy theory (not verified) that Binance cannot have a monopoly on crypto; bigger players refuse to accept this fact, so they need to reduce it by force. I think Binance is a great exchange, the most liquid exchange. But these are facts that everyone can verify. BNB coin is currently worth 245 USDT. In my opinion, the price is very expensive at this moment, due to recent scandals and lost customers. 50 - 100 USDT is a fair price to me; I am not willing to pay more for the coin. If something is too big, it will destroy itself, so there needs to be competition. Monopoly is not a good thing. I want to give you some tips: do not short BNB directly on the Binance exchange if you don't want to get permanently banned like my friend. The best option is to store your cryptocurrency in a hardware wallet such as Trezor. And use only a portion of your funds on exchanges to trade spot or futures. Leverage is good because you don't need all your funds and will transfer the risk to the exchange. Together with "stop limit" orders, you can trade very effectively even with a small amount of your funds on exchanges. Binance CEO Changpeng Zhao (CZ) said on Twitter that "for most people, for 99% of people today, asking them to hold crypto on their own, they will end up losing it." In other words, if you hold crypto on your own, you will lose your funds, so you should hold all your funds on exchanges. I was shocked when I saw this. He made this statement during the massive bank run on his exchange, giving the impression to others that he was threatening people and convincing them that their funds are safe only in his exchange. ----------------------------------------------------------- Now let's take a look at the technical analysis, which is the main reason why I am bearish on BNB. Both the technical and fundamental analyses are bearish. The uptrend from June 13, 2022, to November 7, 2022, is clearly weak. It's an ABC corrective pattern, which is usually followed by a massive crash.  80% crash to 48 USDT is, in my opinion, very possible. Everything is going down, including META stocks, TSLA, etc. So if you believe in the future of Binance, 48 USDT is your desired price. You have no idea how much BNB people accumulated in previous years or how many leveraged long positions on futures are open. The market usually wants liquidity. The price has been moving in the descending parallel channel, and we can retest the channel from the downside. As per my Elliott Wave analysis, the whole structure looks very weak. The first impulse wave appears to be an ending diagonal wedge. The bulls are not interested in this coin. 48 USDT is a very strong support because it marks the beginning of the massive gap from 2021 as well as the breakout level of the previous structure from 2020. I am very bearish on the crypto space, not just the BNB coin, as you may have seen from my previous posts. Binance is the most liquid exchange and CZ Binance did a great job bulding it. Thank you, and happy New Year!
Short
by UnknownUnicorn2537518
98
GOLD - This is brutal, no one expected it! Don't be surprised if you wake up in the morning to see a massive red dildo on the gold chart breaking down the wedge. In my opinion, it's very likely. GOLD is absolutely ready for a massive downtrend; it's going to happen very soon, so I hope you are prepared for it! We can clearly see a rising wedge on the 4h / daily charts, which is also an ending diagonal wedge from the Elliott Wave perspective. This indicates that the bulls are losing steam. The question now is, "How deep is the retracement going to be?" First of all, we should completely wipe out the wedge and also test the unfilled GAP, which is at the 0.618 FIB retracement. There is a parallel channel projection, so this is a good level to profit from your shorts. I marked this whole uptrend as an impulse Elliott wave pattern, which suggests that gold can potentially go much higher later next year. This is my bullish scenario, I also have a bearish scenario, that I will post sometimes, maybe in January, so follow me and hit the like! Maybe gold will be a good hedge against the upcoming recession. I think the bull market on the dollar is not over yet, and we are going to see new highs on the DXY index. Thank you, and have a good one!
OANDA:XAUUSDShort
by UnknownUnicorn2537518
93
Bitcoin - The bottom will be here (89% chance) I am telling you that the bottom on Bitcoin will be between 9600 - 10300 USD and I expect Bitcoin to reach this reversal zone in summer 2023! You can place your buy orders here because the reaction on this level will be extremely high, so you can also buy/long BTC for a 50% profit. The worst-case scenario for Bitcoin is to hit the bottom of the huge channel on the LOG weekly chart, which is unfortunately between 5200 - 5800 USD. But I think it's not going to happen. If bitcoin falls below 5k, a lot of exchanges will be out of business because customers will leave the crypto space. 99% of people will be out of crypto, and it doesn't make too much sense. In crypto, there is a lot of money to be made for big players. They want crypto to rise as well. On the weekly chart, Bitcoin has been moving in this massive ascending parallel channel with 5 touches. It's a valid channel on the LOG scale. Volatility on Bitcoin is at an all-time low, and this should last until we find the bottom. 9600 - 10300 USD is a very strong zone because it is the 0.618 FIB of the previous impulse wave and also because there is an unfilled GAP. As per my Elliott Wave analysis, the downtrend that started in November 2021 looks impulsive, so there is a high chance to go lower to complete the ABC retracement. ETH could reach 250 USD and BNB could reach 48 USD. It's a very strong level for these coins that you will see in my next ideas, so follow me and hit the like! Thank you, and happy trading!
Short
by UnknownUnicorn2537518
91
XRP - Whales will start buying XRP here. But first a 55% DROP! This head and shoulders pattern on the weekly chart is almost ready for a breakdown, so this is your last chance to sell XRP and save your money! On the other side, it's a great opportunity to short XRP on the futures market, as I already did at the top of the right shoulder (see my previous idea)! But be careful; XRP is the beast, and I know XRP very well, more than most other people. Overlaps between waves are common, and movements can be difficult at times, but they are doable. If you ask me when moon for XRP? I can tell you that after we hit 0,1 - 0,09 USDT, the whales will start buying massively. The whales are going to send XRP to the moon! And I am telling you it will be massive; you don't want to miss it, so hit the LIKE if you think I am right. But let's be realistic; this is the biggest bear market in history, and it's better to buy XRP at a cheaper price. XRP is stuck in this parallel channel on the weekly chart, and the bears are in full control. There are no signs of a trend reversal at all. No buying alerts from whales As per my Elliott Wave analysis, this downtrend is so incomplete. We are in the middle of the bearish trend that started on April 13, 2021. But we are basically finishing the downtrend that started in 2018. It can take another 1-2 years for XRP to bottom out. XRP is ranked 6 on CoinGecko, which is pretty impressive. Transactions on XRP are extremely fast and extremely cheap, so it's a pleasure to use it for payments. But it's not a digital gold nor a store of value and will never be, this can only be Bitcoin. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
71
Bitcoin - Secret pattern no one is talking about! Bitcoin is bearish on higher timeframes, but on the 4-hour chart, BTC could reach 17,300–17,550 in the near term! There is a massive opportunity to short Bitcoin at the top of two parallel channels or at the 0.618 - 0.5 FIB! We can go straight down to 10k after we reach this important level. From the Elliott Wave perspective, it makes sense to complete the C wave to the upside. There are many shorts that must be eliminated before bitcoin experiences a historic crash! The previous uptrend from November 21 to December 14 was nice, but unfortunately, there are a lot of signs of weakness in this particular move. Example: There is an overlap between wave W and wave X. It looks like a WXYXZ triple-three (ZigZag) corrective structure. The subwaves look like zigzags, not impulses. That's why I am being a little bit pessimistic about this previous uptrend. I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. 15487 is the next major support, and I believe the market wants liquidity below this level. All stop losses should be hit first, and then I expect a bullish pullback. I will inform you in my next analysis, so make sure you follow me! It's better for Bitcoin to crash to 10k immediately, so we can eventually start a new bull market sooner rather than later. Probably the last thing you want is for Bitcoin to slowly rise to 21k–30k and then dump to 10k. Check out my related idea about "Bitcoin - Merry Christmas!" in the related section down below; you don't want to miss it. I think we will see more major players capitulate, so stay safe! There is an opportunity to wipe out big players out of the game now or never. Thank you.
by UnknownUnicorn2537518
67
Microsoft - 2016 Trendline is breaking down! 43% CRASH. First Netflix, then META, TSLA, and now MSFT! The major trendline from 2016 is breaking down with a successful retest. This is not looking good. MSFT is still pretty strong compared to others, but the question is how long it can last. The next support is the base trendline from 2009. In this case, a 43% crash is possible. I don't see any good, strong support above the trendline. If we take a look at the MACD indicator, we can see that the histogram is very negative for the first time in a long time. It clearly broke the major uptrend. As per my Elliott Wave analysis, this whole uptrend is done. MSFT's uptrend was brutal, as it always is, but the impulse wave has been completed. Now we are looking for a retracement. The previous all-time high from 2000 is pretty much the worst-case scenario, just in case it starts to free fall like META. Buying Microsoft on this support is a once-in-a-lifetime opportunity. We are experiencing a historical crash in stocks and crypto. A lot of investors get rekt and it will be even worse. Great to be alive or not? :D I am not here to spread negativity, but I cannot pretend that everything is bullish. I don't want anyone to lose money with bad investments, but when the big players decide to crash the market, no problem for them. Thank you.
NASDAQ:MSFTShort
by UnknownUnicorn2537518
35
Ethereum - Bears will shutdown ETH! Short here. The price of ETH is moving into brutal resistance, and the bears are waiting patiently to shutdown ETH to lower levels! It's going to be very extreme because the resistance is huge! I will tell you why in this analysis. It's the previous structure's POC + 0.618 FIB + the previous trendline's breakout level + the start of the GAP. As per my Elliott Wave analysis, this whole structure looks very complex and corrective. I would love to see some capitulation and a strong rebound, but it's not happening. What's more, the downtrend from December 14 to December 19 looks totally strong and impulsive. It's the main direction of the trend, which is bearish. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. So my plan is to short ETH once it reaches my specific resistance. I am telling you, it will be a massive rejection! If the ETH/BTC pair falls below the main support level, ETH can effectively free fall relative to Bitcoin. But this is a different chart and a different analysis. I don't even know if ETH can reach the strong resistance; we will find out very soon! Thank you.
Short
by UnknownUnicorn2537518
50
DOGE - Extremely bearish pattern, buy/long here! Doge looks very bearish, but this coin is definitely stronger than others. In this analysis, I will tell you where to buy DOGE for a short-term trade! Doge is not going anywhere; this coin will survive even the most hard-core crash, together with Litecoin and Monero. These first-generation altcoins are solid. Unfortunately, the chart is printing a descending triangle, which is not bullish. There is a lot of liquidity below the triangle, so the market wants all orders. I am buying doge exactly at 0.06112 for a short-term profit. I will trade it on the futures market, of course, but you can do it on the spot market as well. Don't forget to set your orders! From the Elliott Wave perspective, the previous uptrend looks like a 3-wave ABC corrective structure. Not the best sign. I remember before everyone was buying DOGE like crazy, and now everyone is at a loss. The crypto winter is real; nothing is bullish pretty much. The only way to make money is to trade futures. I post trade setups privately. This analysis is not a trade setup; there is no stop-loss, profit target, expected duration of the trade, risk-to-reward ratio, or timing. Why buy doge at 0.06112? because it's the last high-volume node on the volume profile and also because we have an ascending trendline, which should work well together. What's more it's the start of the massive gap. The 200-day moving average has been tested three times, and it's just too much. It looks like buyers are running out of steam. There are 2 most likely scenarios. The first is that we will spend more time in this triangle. The second is that we will breakdown very soon. Thank you!
Short
by UnknownUnicorn2537518
47
LTC - Good Key To Feel The Market!🔑Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. I always keep an eye on Litecoin to feel the overall crypto market. LTC has been trading inside the blue flat rising broadening wedge pattern , and we lately rejected the 85.0 supply zone. After breaking below the last major low from H4 (in gray) the bears took over. So we are currently bearish medium-term. As we trade lower, we will be approaching the lower bound of the rising broadening wedge. Moreover, 50.0 is a strong weekly support zone . So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower blue trendline. (acting as non-horizontal support) As per my trading style: As LTC approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Then we will be expect a shift in momentum from bearish to bullish. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
14
Bitcoin - Bear flag, January is an extremely bearish month! Sell before Christmas because this is the time when Bitcoin falls like a rock pretty much every time! January is also a deep freeze for Bitcoin. At this point, this overlapy uptrend from 15450 to 18400 looks like an ABC correction to me. It shows all the signs of a correction. Altough I believe there will be a lot of buyers at the 0.618 FIB retracement because this uptrend can be considered a strong trend by some traders. I am buying here for short-term gains. The 0.618 FIB is a strong support because it coincides with the POC on the volume profile, the previous breakout level, and the beginning of the GAP. I give you the most professional outlook on bitcoin, so hit the like right now! Thank you. We can clearly see that Bitcoin is moving in an ascending parallel channel, or you can call it a bear flag as well. This is a big problem; you probably don't want to see this pattern at the start of something big. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. After we break this bear flag, Bitcoin can continue to drop to new lows and potentially hit 10k next year. I hope it happens very quickly, so we can start a new bull market as soon as possible. Of course, I don't want Bitcoin to be stuck in some range for another six months and then slowly bleed down. At this point, I cannot be bullish because of the DXY index, and if I take a look at altcoins, it looks even worse. Thanks for your attention!
Short
by UnknownUnicorn2537518
67