CastAwayTrader

CastAwayTrader

Bulls still have a long setup to produce a five wave up rally in a subwave (c) of wave (iii) up targeting 117k - 120 k.

CastAwayTrader

BTC topped in a large five wave up rally against etherium That means ETH should be outperforming BTC until we get a large A-B-C corrective structure hitting target 1 and target 2

CastAwayTrader

As we expected ETH started to move up nicely Note two Gann's levels of resistance: - 3,455 is the immediate resistance, and - break over 3,455 will open the door for accelerated spiky rally up to 3,643

CastAwayTrader

ETH has built a flat base and I think a breakout is coming. We got a promisng long i up, ii down setup: target 1 = 3,550 target 2 = 3,745

CastAwayTrader

this is a picture perfect bullish ascending flag, a continuation pattern. bulls got a setup for a rally targeting 111,940

CastAwayTrader

I think bulls have only one minor push higher left to test 3.60. This is where the large impulsive rally may top and a new (a) down, (b) up (c) down consolidation in a wave (B) down should start. During that consolidation price should stay withing the range 3.63 to 2.03

CastAwayTrader

Trump coin looks bullish It completed a bullish i up, ii down setup that provides bulls with a path to push it up to 96,500

CastAwayTrader

3.93 T is a super strong level 1 of resistance that can stop the rally in all cryptos. From the current level bulls have room for 13%-18% rally in total capitalization of the crypto market. After that top at or in the Red Target Box I would expect a bearish reversal followed by multi year pullback /consolidation in a grand wave ( 2 ) down

CastAwayTrader

ETH dropped hard back down to 3,300 support as we expected. I wrote on Friday for subscribers of my trading chat room: ..."it is possible that bears will re-test 3,300 or even 3,150 support before the breakout". "If we get a drop down to 3,300 or 3,150 I would consider it a gift from trading gods". Now bulls got a clean bullish i up, ii down setup, a solid...

CastAwayTrader

Bitcoin printed the Red Supply Zone yesterday but still holds over the green trend channel and over the green stair step line, trailing support. If bulls manage to stop that bleeding at or over 97,690 they will be able to make another push higher

CastAwayTrader

The bullish wave count allows bulls to make a rally targeting 118,000 - 133,000

CastAwayTrader

Etherium kissed the Green Demand Zone and popped up strongly Note bulls got a clean corrective -a-b-c- move down building a base for a new big leg up that will be able to break over the resistance 4,100

CastAwayTrader

the Impulse Master indicator for TradingView printed a bottoming green Demand Zone on Tuesday. Today this post CPI spike hits the first Supply Zone.

CastAwayTrader

My Impulse Master indicator for @TradingView produced a winning short setup in the morning and then nicely caught the midday low

CastAwayTrader

I am a huge fan of buying pullbacks in an uptrending market and shorting pullback in a down trending markets. This is why I always try to code algos that look for those continuation setups. That Impulse Master Indicator haunts for those buyable and shortable setups

CastAwayTrader

I can see a Very bearish micro scenario where the a-b-c up bounce off the Monday low will be shaped as the Running Flat structure

CastAwayTrader

I would count the 2022-2024 rally in DJT transportation index as a large corrective subwave (B) up to be followed by a subwave (C) of wave (4) down

CastAwayTrader

Since 2020 low BTC has been outperforming Etherium. Moreover, the ration BTC to ETH has been following the modified Elliott Wave textbook five wave up structure. BTC looks ready to make another jump (bullish sign).The subwave C of wave 5 up should be able to extend up to 30.00 (see the Red Box).