Bitcoin - 180% PROFIT on this trade! | Elliott Wave
In this analysis, you will discover a strategy or a plan for 180% profit on Bitcoin. Please, read!
The stock market and cryptocurrencies are in a bear market, but that does not mean that there are no opportunities. The fundamentals have never been worse for bitcoin since its existence.
On the chart you can see a great potential setup that you can take for a massive profit, up to 186%! 12500 USDT is a very strong level and there is a confluence to buy exactly at this point.
Confluence: start of the gap from 2020 + previous swing high from 2019 + impulse Elliott Wave completed + Wave A + previous Wave (1) support + previous breakout level of the Head and Shoulders pattern.
If you don't want to wait for this profit target, you can sell Bitcoin at 17600 USDT or 24000 USDT, which are strong resistance on the way up. But I think 24 000 USDT is definitely doable!
The price is below the 200 weekly moving average, which is really bad. This particular MA is considered a strong support/resistance by huge institutions and hedge funds.
According to my Elliott Wave analysis, there is a high probability that we are going to finish this incomplete impulse wave, so more downside is possible!
Buy bitcoin at 12500 USDT and sell it at 35900 USDT. It sounds like a great plan, doesn't it?
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Zigzag
Terra LUNC - 47% drop is in-play!
Maybe there is nothing that can stop an upcoming dump on LUNC at all. The bears are really strong here and we are currently 60% down from the previous swing high.
As you can see, the price is breaking down from the local descending triangle and heading downward to the abyss. Also, we have a descending parallel channel , and we can possibly touch the bottom of the channel!
If you think LUNC is a great coin, then you can buy LUNC at 0.00013, which is a reasonable place to buy because there is a great confluence.
As per my Elliott Wave analysis, the uptrend from September 26 to October 2 was just a 2 wave corrective move. This is definitely not what you want to see as a bull.
You can be sure I will also be bullish on LUNC, but first I want to see some bullish price action, and this is definitely not a bullish price action!
But on the other side, this coin is a perfect opportunity for the bears to short this coin on the futures market.
Look at my idea about XRP in the related section down below.
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SUSHI - Double breakout! An extreme uptrend is coming!
Great news for the SUSHI altcoin, because a descending parallel channel and a symmetrical triangle are currently breaking out with elevated volume!
Congratulations to the bulls for this success, and SUSHI is now completely free to go up to my profit target.
Take profit at the 0.618 FIB + strong horizontal resistance, which is between 5.289 - 5.890 USDT. This is an extremely strong resistance, so you want to take profit here at all cost!
According to my Elliott Wave analysis, a huge impulse wave has been completed, so there is an amazing opportunity for a massive uptrend in the immediate short-term.
As you can clearly see, the last bullish candle looks like a dildo, which you really want to see!
I believe this coin can pump extremely hard. But there is also a possibility of a slow uptrend. Let's see what is going to happen.
It's definitely a tremendous opportunity right here right now for the SUSHI coin, so do not waste any time and do your own research or just press the BUY button!
I expect massive gains for selected altcoins. You can find them in the related section down below.
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DXY - The best news for crypto/stocks!
This is great news for the stock market and crypto, because it looks like the DXY index has reached its destination at the top of the ascending parallel channel on the monthly chart.
The end of 2022 and 2023 could be very bullish for the stock and crypto markets! Maybe this is the last time we see Bitcoin below 20 000 USD.
2% inflation is on the table, we had a massive selloff in certain stocks, and they simply cannot fall in a straight line!
If we take a look at the RSI indicator, we are in overbought territory. It pretty much screams for a correction. Then we can make a final uptrend and print a bearish divergence on the 5th wave.
A previous swing high from 2001 is definitely a strong resistance and I believe we will take stop losses above this high before a huge downtrend will be in-play. But not now. It could happen in 2025.
According to my Elliott Wave analysis, I am missing a final impulse wave to the upside, so do not celebrate too much yet. For now, we are ready for an ABC correction to the downside on this chart.
As you can see, we hit the 1.618 FIB extension measured from wave 1 to wave 2. Extremely strong resistance indeed!
Look at my ideas about Bitcoin and the SPX 500 in the related section down below.
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XRP - 80% decline, be prepared!
An 80% drop is not sci-fi. But at the end of the day, you can buy cheap XRP at 0.1 USDT and hold it to 589 USDT, as the Simpsons predicted.
I am very bearish on XRP because the bears are in full control and I will tell you why in this analysis.
The price is trending in a massive descending parallel channel (very bad) and the first thing we want to see is a break of the channel to think about buying XRP.
XRP has been in a bear market since 2017. It has been 5 years and we didn't even hit a new all-time high during the 2020–2021 bull market.
As you can see on this chart, we have broken down out of the symmetrical triangle, which is an extremely bearish signal. You don't want to see triangles at the top of the uptrend as a bull.
As per my Elliott Wave analysis, this whole structure is totally incomplete and I am missing an impulse wave dawnward.
We have strong support at 0.1013 USDT, where the market should take stop losses below this swing low before continuing higher to new all-time highs.
It's very dangerous to buy XRP at this moment because this mini uptrend might already be complete.
But after all, I think XRP will experience a massive bull market, maybe in 2023-2025, to new all-time highs because it looks very solid on the monthly scale.
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S&P500 - What if the bottom is in?
I am not saying the bottom is in, but what if the bottom is in? In this analysis, I will tell you why it is possible!
Everyone is extremely bearish on the stock market. There is a record of purchasing PUT options from retail investors and usually the majority is wrong. But in this case, the majority could be right. We don't know.
As you can see, we have a huge parallel channel on the daily chart, and I would love to see a breakout above the channel.
But from the Elliott Wave perspective, an ABC correction (ZigZag) can be considered as completed with an extended A wave. If you are an Elliott Wave trader, you see a nice impulse wave as a C wave.
If we take a look at the RSI indicator, we can see a bullish divergence on the daily timeframe. This gives us hope for at least a bullish bounce to the upside.
The 200 moving average is powerful on the weekly and daily chart. This MA is considered a strong support/resistance by huge institutions and hedge funds together with the 0.618 FIB retracement.
Interest rates are rising, which is, of course, very bad for the stock market. I know this and that's why I am not buying stocks, because I am a trader, not an investor, even though I have bitcoins for the long term.
So, has the stock market reached its bottom? I would say maybe a 30% probability.
Look at my idea about Bitcoin in the related section down below.
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Polygon MATIC - Bullish flag! A huge breakout is imminent.
Matic is preparing for a huge uptrend if the bulls break the bullish flag. It's a pretty good opportunity, so you don't want to miss it!
The bullish flag on the daily chart is supported by an ABC correction (ZigZag), so it makes the bullish flag much stronger.
Also, we have started this uptrend with a strong impulse wave, which indicates massive buying pressure from the bulls.
The next resistance is at the top of the massive parallel channel on the weekly chart. You can zoom out this chart to see this channel in all its full beauty.
I strongly recommend waiting for a breakout above the flag, because, of course, the bears can step in at the resistance of the downward trendline.
Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc. with the advantages of Ethereum’s security, vibrant ecosystem and openness.
This is a pretty strong setup for the bulls. Let me know in the comment section what you think about MATIC.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Trust Wallet TWT - Very durable altcoin, when pump?
TWT is an extremely durable altcoin. During the bear market in 2021-2022 this coin held its value very well.
The platform was acquired by Binance in July 2018. So there is a huge expectation for the Trust Wallet platform.
The full Trust Wallet team is not public, but it is known to comprise over 20 individuals — many of which have overlapping roles at Binance.
This altcoin can basically pump anytime soon, but we can also go sideways for another few months. I believe the value of this coin will increase.
The price is making higher lows. The structure is very bullish on the weekly chart. We have an ascending parallel channel with a symmetrical triangle inside.
The local uptrend started with a beautiful impulse wave, which is an amazing sign for the bulls. But, we don't know yet when the correction ends.
From my perspective, this altcoin provides a very low risk and pretty good reward, so it's worth it.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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BTC.D - The Alt Season is around the corner! Don't miss it.
The Alt Season is around the corner, I can see it on this chart! It's not a question of if it will happen, but when it will happen.
The lighting network is not supported by major exchanges because they don't want it and it's not in their business plan (as per the statement). This is, at this moment, very positive for altcoins.
It's really important to pick the right altcoins because we are not in 2017 when even scam coins pump.
We have been moving sideways on this chart for a long time, but nothing lasts forever. I expect a breakdown of this bearish rectangle pattern very soon!
As per my Elliott Wave analysis, this structure is very bearish and we should continue down with another impulse wave. From an EW standpoint, an ABC correction has been completed, so there is probably nothing that can stop this downtrend.
ALT SEASON usually happens when the BTC.D goes down. It's usually during bull markets. When we are in a bear market, everyone is selling their altcoins and buying bitcoin instead.
The 0.618 FIB extension from wave (1) to wave (2) is the next target, but I think we can go even lower later.
Make sure to pick the right altcoins. I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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BNB Binance - Explosive move soon!
BNB proved to be the strongest high-cap altcoin, and that's why I expect an explosive move if the bulls break the major trendline!
The stock market is crashing pretty strongly, but the crypto market is extremely durable, which is awesome, isn't it?
You probably don't want to buy BNB right now, because we are very close to strong resistance and there is a chance to go lower. First we need to make a new high above 300 USDT.
The chart is printing a descending broadening wedge, a bullish pattern on the daily chart, so it's best to wait for a breakout.
The next major resistance is at the previous all-time high, which is around 692 USDT, but I believe we will go higher in the future.
According to my Elliott Wave analysis, we have started the new uptrend with a pretty strong impulse wave, which is a great sign of strength. A major ABC correction has been completed successfully as well.
The BNBBTC pair is at the new all-time high already, as I informed you in my previous analysis. Also, the BNBETH pair is very bullish.
I expect tremendous gains for selected altcoins (BEL, QNT, INJ, SUSHI). You can find them in the related section down below.
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Injective INJ - RECORD volume! +1200% profit
INJ was recently listed on the CoinBase exchange and the interest in this coin has increased significantly!
+1200% profit or even more is not sci-fi at all. Personally, I would take profit at my first target for quick gains, but if you want to hold for the long term, then you can go for it.
Buy INJ right now, because it looks like it wants to skyrocket very soon. I don't think we will go lower than this point.
As you can clearly see, we have a parallel descending channel on the 3D chart that is currently breaking out, and there is definitely a great chance for an explosive bull market.
Also, there is a local bullish flag that is breaking out as well, so you can buy a double breakout, which is nice to see. Isn't it?
According to my Elliott Wave analysis, a major ABC correction has finished successfully, and I am expecting an impulse structure.
If we take a look at the volume indicator, there is an elevated volume, which is very important. There is a buying activity from whales.
INJ is a great altcoin with huge potential, so why are you still waiting and not buying?
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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TOTAL Crypto - Are we still in a bull market?
This is a major outlook on the total crypto market cap, which is probably the most important indicator.
As you can clearly see, we are in a bull market on the weekly/monthly timeframe, but if the bulls give up, then it can turn into a 5–10 year bear market, which will be the first bear market in the history of cryptocurrencies!
Please, do not write in the comment section things about previous bear markets in 2018, 2019, and now 2022. This is nothing compared to what may come.
But nothing is lost at all, because we are holding the key market structure!
The price is above the 200 weekly moving average, which historically has never been broken. We are above the previous swing high from 2018 and this is the most important support that must hold. The 0.382 FIB + the ABC correction is another bonus.
The chart is printing a massive falling wedge/bullish flag #2. You can compare this pattern with the previous structure from 2018.
As per my Elliott Wave analysis, an ABC correction of the previous impulse wave has been completed successfully with a 0.382 FIB, which is a reasonable retracement.
If you buy Bitcoin or Ethereum right now and it fails, then it was definitely a great trade and you should be proud of it. You took the risk, you took the chance. I think this is a great lifetime opportunity.
The money printer is up and running at full speed. Inflation is very high, so it's definitely great for cryptocurrencies.
October and November are extremely bullish months for Bitcoin, so there is a great chance for a bounce!
This is my verdict. We are still in a bull market and this was just a correction. We are preparing for another bull run, so do not miss it!
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Ethereum has bottomed out! 10 000 USD next target!
There is a great chance that Ethereum has bottomed out! But first we need to break the downward sloping trendline to confirm this bias.
I am sure aggressive traders are already buying the ABC correction and the 0.618 FIB retracement, which is definitely worth the lower stop loss they have for this trade.
After the merge, the price of ETH rapidly went down, maybe just to shake out the long-term hodlers. It was a sell the news event, but maybe just in the short term.
As per my Elliott Wave analysis, the ABC correction has been completed successfully as a ZigZag (wave 2) and we are prepared for a tremendous impulse wave 3 to the upside.
However, this ABC correction can transform into an impulse wave, which will be extremely bearish and 500 USD per ETH will be very possible. But you shall not pass!
The next target is 10,000 USD for the long-term trade, but you can take profit at the next strong resistance (3580 USD) if you don't want to wait or want to allocate your money somewhere else.
The chart is printing a symmetrical pattern, but it is not the best looking one, so I drew it on canvas maybe for entertainment purposes.
You don't want to miss my previous analysis of Bitcoin! Check out the related section down below.
I expect tremendous gains for selected altcoins (QNT, BEL).
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Bitcoin - The bottom is in! Next target 300,000 USD!
Warning: This analysis may completely transform you into a super bull!
Interest rates are rising, which is bad for the stock market, but is it also bad for Bitcoin? Maybe not at all. On the other side, inflation is pretty high and the money printer is running, which is good for Bitcoin.
We have a huge falling wedge pattern on the weekly chart that is very close to a massive breakout! The upper sloping trendline is very important and can indicate the end of this bear market.
As you can see, the price is currently below the 200 weekly moving average. This particular MA is considered a strong support/resistance by huge institutions and hedge funds, but they do not see it as a level, but rather as a zone. So even if we are a little bit below the MA, it's still holding. We need to break below the previous swing low to confirm the breakout of the MA. What's more, if you take a look at the TOTAL crypto market cap chart, 200MA is above the current price, which can be a more reliable indicator.
If we take a look at the oscillators, the RSI indicator is printing a bullish divergence, which is a strong reversal signal, especially on the weekly chart. Also, the MACD indicator has a bullish tick on the histogram + bullish divergence between the swing lows as well.
We have history's highest volume, so a lot of bitcoin changes owners, which can be interpreted as a bullish signal. It's really a record volume on the Binance exchange, which is currently the biggest crypto exchange.
As per my Elliott Wave analysis, an ABC correction has been completed successfully and we can definitely start a new impulse wave to new all-time highs in the immediate short term!
On Tradeview, I post potential scenarios. Today I can post a bullish analysis and tomorrow a bearish analysis. It's up to you how you decide to trade. Usually, I do not publish trading setups publicly, only privately. I can only give you all the reasons to buy or sell a specific asset here on TradingView.
I expect tremendous gains for selected altcoins (QNT, BEL, STPT). You can find them in the related section down below.
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Bella BEL - Do not miss this altcoin!
Only 5% of people will catch this massive upcoming uptrend on BEL. Others will jump in at the top, as usual.
As you can see, we have started this brand new uptrend with a very strong impulse wave, which indicates a powerful interest from the bulls!
You want to wait for wave 2 to be finished and catch the third impulse wave, which is usually the strongest wave of all of them.
Wave 2 is represented as a bullish flag, so you can buy a breakout above this pattern for a confirmation trade, which I strongly recommend to do.
2.36 USDT is the first profit target for a quick profit, and the next target is 5.37 USDT.
The price bounced successfully from the 0.618 FIB retracement, which is another sign that the bottom could be in!
I don't know about you, but I really don't want to miss this altcoin!
Check out QNT altcoin, which offers an incredible opportunity in the immediate short-term!
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Bitcoin - No one is talking about this!
There are currently 3 options with a high probability of happening:
1) Bitcoin will crash very soon, so after that we can start an alt-season on altcoins after the crash to 13k (best option).
2) Bitcoin will go sideways for another 3 months and create a descending triangle, which will be the most boring time (you don't want it).
3) Bitcoin will go slightly up to the yellow trendline to catch all traders in a trap and then it will crash (disgusting scenario).
4) The bottom is in and Bitcoin will reach 200 000 USDT next year (no chance).
Bitcoin is below all possible trendlines on the macro scale, so the bearish pressure is extremely high at this moment!
Pretty much no one is talking about this parallel channel on the LOG scale. Also, no one is talking about the yellow trendline.
But I would not be surprised at all if we break this parallel channel, because at this point, everyone will turn super bullish and after that, Bitcoin will drop like a rock.
To complete an impulse structure from an Elliott Wave perspective, the price needs to print another impulse sub-wave to the downside.
At this point, if we break 32 000 USDT, I can say that the bottom is in, which I would love to absolutely!
If you haven't heard about the QNT (quant) altcoin, it's time to buy!
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