WicktatorFX

WicktatorFX

MANA is showing us a perfect example of an Elliott Wave Impulse, correction, impulse. We are currently within the correction and looking for Wave B completion. Will be looking for lower timeframe price action to tell us when to enter with a small stop loss! Goodluck and as always, trade safe!

WicktatorFX

We can use Total Market Cap to analyse when it's best to go bullish or bearish on the crypto market. A growing market cap can indicate investors' interest and their positive evaluation of the current market state = bullish whereas a stagnant market cap would indicate that investors are taking their money away from the crypto market = bearish. By analyzing the...

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CADJPY is on our radar at the moment. We currently appear to be in an ABC corrective wave and looking for wave C lower. On the lower timeframe we'll be looking for reversal patterns to indicate that wave B has completed and that we've started wave C. Trade Idea: - Watch for lower timeframe reversal patterns or trendline breaks - enter with stops above the...

WicktatorFX Updated 

Avalanche is currently in a simple ABC pattern. We have completed wave A and now in wave B that looks like an ABCDE pattern. Looking to catch wave C once we finish subwave E of wave B. Trade idea: - Risk entry on break of orange trendline - Safe entry on break of red trendline - Stops below lows after we break either of the aforementioned trendlines - Targets:...

WicktatorFX

On the lower timeframe, we can see that we have 2 entry trendlines in place. The orange trendline = Risk entry The red trendline = Safe entry Trade idea: - watch for break of either trendline for entry - once trendline broken, stop loss goes below price - Targets: 0.38, 0.4, 0.46 Goodluck and as always, trade safe!

WicktatorFX

For Cardano, we are expecting a deep retracement on a higher timeframe. Deep retracements usually take the shape of zigzag patterns (535). We have completed wave A ( 5 waves ) and currently in subwave C of wave B ( 3 waves ). Our misson is to catch subwave C before riding wave C ( 5 waves ). See our next post for lower timeframe analysis. Goodluck and as...

WicktatorFX

On the lower timeframe, we can see that we have 2 entry trendlines in place. The orange trendline = Risk entry The red trendline = Safe entry We can even go down further to find a sniper trendline. Trade Idea: - watch for break of either trendline for entry - once trendline broken, stop loss goes below price - Targets: 6, 7, 8 Goodluck and as always, trade safe!

WicktatorFX

Fantom is currently in Wave B correction = 3 subwaves. We have almost finished subwave B and looking to capitalise on subwave C. Trade idea: - Watch for a break of the red trendline for confirmation that we've started wave C - Risk entry can be done on lower timeframe once reversal pattern appears - Stops below price once red trendline breaks - Target: 5 and...

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USDCHF is in a steady decline within a channel. We appear to be in a leading, which is made up for 5 waves consisting of 3subwaves each. We are in wave 4 now and looking for the final 5th wave lower We are approaching the channel resistance and the 38.2 fibonacci. Expecting a rejection here. Trade Idea: - Watch for rejection at the channel - Risk entry on...

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On the 2 weekly timeframe, we can see that Bitcoin is currently in a correction. As we've got 5 waves move down for wave A, we can assume its a 535 zigzag correction. We are currently in the midsection of Wave B and are expecting a push up very soon! Stay tuned for more updates and lower timeframe breakdowns. Goodluck and as always, trade safe!

WicktatorFX Updated 

In the 2week chart of ATOM, we can see that we're in wave 2 correction, which is an ABC wave. We are currently in wave B, which appears to be a complex correction. Expecting subwave C of wave B to move higher to complete the correction See next post for lower timeframe overview. Goodluck and as always, trade safe!

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Here we have the 3D chart. We could possibly be in a 335 flat correction. This would make the next wave (wave C) 5 waves. Trade idea: - Entry on break of red trendline - stops below the lows after trendline break - Targets: 14, 16, taper Goodluck and as always, trade safe!

WicktatorFX

Binance is shaping up really nicely. We are in wave X correction = 335 flat correction. Looking for wave C now. We may break below the structure in which case it will be an expanded flat correction. Entry will remain on trendline break. Trade Idea: - Entry on break of red trendline - Stoploss below the lows after trendline break - Targets: 300, 395 Goodluck and...

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Following our higher timeframe overview, here we have the 2D analysis. We are currently being contained within a channel and looking for one more move higher to complete the overall correction. Trade Idea: - For a risk entry, watch for break of orange trendline and enter with stops below the lows - For a safe entry, watch for a break of the red trendline and...

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In our Higher Timeframe post on SOLANA, we identified that we were in Wave B and we were looking for one more move higher to complete the pattern. We can see that wave B is divided into 3 subwaves. We are now in subwave C = 5 waves. We've already seen wave 1 and now in wave 2 of wave C. We are looking to catch the rest of wave C on break of the red trendline and...

WicktatorFX

On a higher timeframe, Solana looks perfect from an Elliott Wave perspective. We have a nice 5 wave impulse for wave 1 and now we're in an ABC correction for wave 2, which appears to a zigzag pattern. Zigzag patterns consist of 3 major waves subdivided into the following subwaves: 5(A), 3(B), 5(C). We are currently in Wave B and looking for a move higher for...

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As we've seen from the higher timeframe, we are still within wave 2 correction. We appear to be making a Flat correction = 335. Wave C = 5 subwaves. We appear to be in subwave 2 of C. Expecting 3 more subwaves until we complete wave 2. No solid setup yet but if wanting to trade, SHORT trades are valid unless we break above 31.8k. Goodluck and as always, trade safe!

WicktatorFX

Following on from our last analysis on Bitcoin, we moved up but it appears we're moving in a correction fashion. This indicates that we're in a correction for a move higher. We anticipate wave 2 to be completed in the next couple of months. Once we reach the structure level, we will be looking for a massive move to the upside! Do trade safe.