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Cryptowick

MATIC - Watch For Completion 🚀MATIC has almost completed its bearish correction. We are now on the final 5th wave (subdivided into 5 waves) There is still a chance to get in on the final shorts with hard stops above the blue structure. The bigger trade will be getting in on the bullrun. Expecting price to go below the recent lows to fulfil the wave 5 criteria. Trade idea: - Watch for 5 subwaves moving down - Mark out the 4th and 5th wave correctly and watch for a breakout - Target the recent highs and HODL the rest. It's going to be a big one! Goodluck and as always, trade safe!
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by WicktatorFX
6
BITCOIN - The Final Bearish Moves ✅Following on from our last post, we are now seeing the final bearish wave lower. This wave consists of 5 subwaves. We are currently on the 3rd subwave, which is made up of 5 minor waves. Expecting price to stay below below the dark blue trendline for this subwave. Once we complete the 5 minor waves for subwave 3, we're expecting a subwave 4 ABC correction. This will be our last chance to short Bitcoin before buying it for the long term. Trade Idea: - Watch for price to stay below dark blue trendline - hold shorts until we break the descending trendline. Once we break = subwave 4 appearing - Mark out ABC correction for subwave 4 - Short once more for the final subwave 5 Gooduck and as always, trade safe!
by WicktatorFX
31
BITCOIN - Approaching Buy Zone 🚀Bitcoin is in an ABC flat correction, consisting of 3-3-5 (ABC) waves. We are currently in wave C, which is made up of 5 waves. In our last analysis, we identified the 4th wave and anticipated a breakdown for the final 5th wave. We are now in the 5th and final wave, which is broken down into 5 subwaves. We require price to go below 17.6k in order for wave 5 to be valid (unless its a rare truncated 5th wave). We anticipate price to stay above the 13k region. This gives us a clean area to look for buys = 13k to 17.6k. Trade Idea: - Count 5 subwaves for the 5th wave - Once we're in the fifth subwave, watch for bullish reversal patterns such as trendline break, BOS etc. - Targets: 68k, 80k, 100k See below for our previous Bitcoin analysis See below for our higher timeframe analysis Goodluck and as always, lets trade safe!
by WicktatorFX
11
ETHEREUM - 5th Wave Madness ⚡️Ethereum is in a bigger ABC correction and we are now on wave C, which is made up of 5 waves. We are finally in the 5th wave and this is where the madness begins. Where is the bottom? Do I buy now? Should I short once more? There will be crypto sceptics shorting Eth believing this is the end of Ethereum and on the opposite side, loads of bargain hunters buying it at a discounted price with the hopes of making stacks when the next bullrun starts. We've all heard the saying "Fools rush in" - in this situation, let us not be fools. Lets wait for the market to give us a clear indication that the bottom is in place and the reversal is coming. The way to do that is very simple: Count 5 waves down and draw a trendline when possible. Once that's in place, its a matter of waiting for the descending trendline to break and gain an entry. It won't be a sniper entry but it will be safer than calling the bottom. Goodluck and lets trade safe!
by WicktatorFX
19
ETHEREUM - Easy Sells ✅Similarly to Bitcoin, we were anticipating the 5th subwave drop but the 4th subwave has turned into an extended ABC correction. Watching the recent highs and the parallel correction resistance for bearish price action. Trade Idea: - Watch for bearish price action around one of the areas of interests mentioned above - Draw a trendline and watch for a break for a more confirmed entry - Once broken, enter with stops above the recent highs - Targets: 800, 700, actively manage the rest Goodluck!
by WicktatorFX
15
ETHEREUM - Clear Correction Completion 🤩In Elliott Wave, the C wave usually has 5 waves which follow the impulse schematic, which is: Wave 1 = 5 waves Wave 2 = 3 waves Wave 3 = 5 waves Wave 4 = 5 waves Wave 5 = 5 waves We can see that we're on the 5th wave now. The 5th wave is also subdivided into 5 subwaves and we are currently seeing subwave 4. Expecting one final move down (subwave 5) to complete the overall bearish ABC correction. In our last ETH analysis, we were expecting the subwave 3 drop and and subwave 4 correction. We can see that we're on the verge of dropping for the final time. SHORT Trade Idea: - Watch for break of the red ascending trendline to indicate the 5th subwave has started - Stops above the recent highs once price breaks down - Targets: 800, 700, actively manage the rest The bigger trade would be buying Ethereum once we've completed this correction. Will keep you guys updated once this bear leg is over! See below for our previous Ethereum anlysis. Goodluck and as always, trade safe!
by WicktatorFX
17
ETHEREUM - Double Divergence! 🚀What is Divergence? Divergence indicates to us that a trend is losing momentum and could be ready for a reversal or a deeper correction soon. When we see divergence, we should be cautious when trading in the direction of the trend and look for countertrend/reversal trades. How to identify Divergence? When price is making lower lows, MACD (or RSI ) will show higher highs = Divergence. (Vice Versa) We can see that we have divergence on the bigger bearish wave indicating that there's a reversal coming soon. We also have divergence on the current 5th bearish leg, also indicating that there's a reversal coming soon. We are currently on the last legs of this bearish wave. Looking for one more correction for a move lower before we start the next bullrun. Trade Idea: - Watch for a correction for subwave iv - Enter on break of correction with stops above that recent high - Target: 1200, 1100 Please note that the above trade setup is a short trade. The bigger trade will be the reversal trade. Will update this chart when its ready! See below for our last few ETHEREUM analysis.
by WicktatorFX
44
BITCOIN - Final Shorts ✅Following on from our last post, we indicated that there's a final bearish wave left. We are now on the verge of breaking down for the final time. Once this bearish leg is completed, we will be looking for bullish price action for the next bull run. Shorting Bitcoin here will be a bit risky with limited gains to be made. The bigger and better trade would be to wait for Bitcoin to bottom out and then look for buys. However, if you want to trade the final shorts, approach it with caution. SHORT Trade Idea: - Watch for break of red ascending trendline - Once broken, enter with stops above the recent highs - Targets: 17700, 16000, 14500 We'll be back with an updated post once this bearish leg is done. Goodluck and as always, trade safe!
by WicktatorFX
21
POLKADOT - Last Bearish Leg... 🚀In one of our previous analysis, we showed a short setup from $23 with targets of $10. We achieved that target and made raw gains of over 50%! We blew past our short targets and now we are approaching the final legs of the bearish wave. We are expecting bulls to jump in as soon as this final bear leg is over. On lower timeframe we can see that we're making our way down for the final time. Trade Idea: - Watch for the final leg to end and bulls to step in - through trendline break, BOS, RSI etc - Once bullish price action appears, enter with stop below the lows - Targets: 25, 50, HODL rest for longer term Goodluck and as always, trade safe!
by WicktatorFX
2
AVAX - Big Wave 3! BIG GAINS 🚀AVAX is following the Elliott Wave Impulse schematic. Wave 1 has given us a 5 wave impulse. Wave 2 is showing us a 3 wave ABC correction - We are currently on Wave C of the correction Wave 3 is the next wave we are expecting, which is often the biggest wave. Wave 2 - ABC A wave = 3 waves B wave = 3 waves C wave = Seeing a 5 wave move down (which follows the impulse schematic) We are currently on the 5th wave of wave C. This 5th wave has 5 subwaves of which we are on the 4th subwave and expecting one more subwave lower before the big bullrun. The bullish target can reach well above 200. Well above 3000% gains to be made. Will update this chart once we see the last move lower!
by WicktatorFX
4
BITCOIN - You NEED To See This! ⚡️⚡️On the higher timeframe, Bitcoin is on the 4th wave, which is an ABC corrective wave. We've seen Waves A and B and now currently on Wave C which is a 5-3-5 zigzag. 5-3-5 ZIGZAG: W has 5 waves (follows impulsive schematic) X has 3 waves (follows corrective schematic) Y has 5 waves (follows impulsive schematic) For Wave W, the 5th wave had 5 subwaves and it appears we are getting an IDENTICAL move this time round. We are currently on the 4th subwave bullish retracement and anticipating a 5th subwave bearish move. We are expecting price to stay above 13.6K as that's where our wave 4 invalidation level is. See higher timeframe analysis below: What do you guys think? Goodluck and as always, trade safe!
by WicktatorFX
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BITCOIN - Crypto Winter Coming To An End - Macro View 🚀Our last couple of Bitcoin analysis were short biased. We seemed to have blown past our short targets, which made us reassess the overall higher timeframe analysis. From a macro point of view, we can see that Bitcoin is still following the Elliot Wave Impulsive schematic. On the weekly timeframe, we can see that we're still in Wave 3. Wave 3 has 5 subwaves and we are currently in Subwave 4, which is an ABC correction. Subwave 4 shouldn't go beyond Subwave 1 (of the bigger Wave 3). This level falls at around 13600. This macro view will be valid as long as price doesn't go below 13600. Trade Idea: - Watch for bullish reversal patterns on lower timeframe - Enter with stops below that level. Safer stops below 13600 - Targets: 50K, 65K. Longer term target 80K See linked charts for our previous Bitcoin analysis. We will be updating this chart frequently! Goodluck and as always, trade safe! Saveable post:
by WicktatorFX
17
EDUCATION - Types Of Confirmations 📚When trading, it is important to have confirmations. Confirmations are when price moves in a a particular way which tells us that our setup is valid and even, ready for entry. We have 3 main types of confirmations. 1. Trendline Break This confirmation is very simple yet very effective. When price is following a trend, you can often find that there's a trendline that can be placed. This trendline is used as a guide. eg. When price stays below the trendline = bearish when price goes above the trendline = bullish Entry Method: Entry on break of the trendline with stops below the lowest price before the break 2. Break of structure Price tends to test and respect significant price points. e.g. We can draw a structure level when price rejects a certain price point and assume that when price stays below that level = bearish When price breaks above that structure level = bullish Entry Method: Entry on break of structure OR retest of that structure level 3. Moving Average Cross Over Using 2 moving averages can help you ascertain whether price is bullish or bearish. In the crypto market, the 100 and 200 moving averages are often used. eg. When the 100 moving average is below the 200 moving average = bearish When the 100 moving average is above the 200moving average = bullish Entry Method: Once there's a bullish cross over (100 over 200), we can assume price is bullish. We can look for pullbacks for entry COMBINATION Confirmations can be most reliable when more than one is used at the same time e.g. trendline break and break of structure. Please note that these types of confirmations work with ALL market, whether it is Crypto or Forex. See below for various examples of using confirmations when entering the market, particularly the crypto market. BITCOIN ETHEREUM LITECOIN Saveable post:
Education
by WicktatorFX
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1INCH - Watch For First Impulse ⚡️After the massive impulse in the first half of 2021, we have been correcting ever since. We are approaching the bottom and price is making a really nice descending correction. We are watching for the first impulse to break the red trendline to confirm that the bullish reversal has begun. We can see that we've also got divergence at play indicating a reversal is coming. Trade Idea: - Watch for the first bullish price action - enter with stops below the lows - Targets: 5.500, 7.500, 10, 12.500 Goodluck and as always, trade safe!
by WicktatorFX
ICP - Keep A Close Eye On This!ICP has almost finished its bearish ABC corrective wave. Wave C consists of 5 waves and we are in the 5th wave now, which appears to be a descending wedge. A descending wedge is often a bullish reversal pattern. The confirmation required is a strong bullish impulse breaking the wedge. For entry we'd require a correction to follow where we can mark up clear invalidation levels. Trade idea: - once confirmation appears, enter with stops below the correction - Targets: 37, 57, 100, 150, actively manage the rest Will update this chart when a breakout appears and we can actively monitor it for the best entry. Goodluck!
by WicktatorFX
3
SOLANA - Bottomed Out?! 👀Solana has hit the -27 fib extension for wave A. This could potentially be the bottom but with the crypto market as it is, it's better to wait for confirmation. Price looks to be in a descending correction, which is often a bullish reversal pattern. Confirmation required: - A big bullish candle breaking the red trendline - Followed by a bullish correction (bull flag) Once that is in place, we can look for buying opportunities and have clear stoploss levels. Trade Idea: - Once above confirmation appears, enter with stops below the correction - Targets: 140, 200, 250, HODL It's important to understand that if this is the next bullrun, it doesn't matter if you enter at $30 or $40. Long term bullish targets will be well above $100 so there will be plenty of money to make even after waiting for confirmation. Goodluck and as always, trade safe!
by WicktatorFX
4
CAKE - Explosive Move Coming! 🎂CAKE is one of the cleanest and easiest charts to read. We have a simple ABC correction and we're currently on the last bearish wave of C. We are now waiting for the first bullish candle to appear, at which point we'll know we've hit the floor. On lower timeframe we can look for reversal price action to confirm the floor. Trade Idea: - Watch for the final leg to complete. This can be done by looking for bullish price action such as trendline breaks, BOS, RSI oversold etc. - Once bullish price action appears and meets your criteria for reversal, enter with stops below the recent lows - Targets: 17, 26, long term target 40 Will update this chart once we've hit the aforementioned floor. Goodluck!
by WicktatorFX
12
GALA - Final Drop! 👀In our last post, we were anticipating the final drop to appear and now we've got it. The time to buy is almost here! For confirmation of bullish breakout, we can wait for a break of the red trendline. For an even cleaner entry, you can wait for you bullish reversal confirmation price action to appear such as lower timeframe trendline breaks, BOS etc. Trade Idea: - Wait for bullish price action to appear on lower timeframe - confirmation on break of the red trendline - stops below the lows once bullish price action appears - Targets: 0.4, 0.8, HODL the rest Goodluck and as always, trade safe!
by WicktatorFX
4
ANKR - Full Elliott Wave Count ✅ANKER has made some interesting price action. We can see that the major correction is divided in to 3 different waves, A B and C. Each of these 3 waves are subdivided into 3 subwaves, ABC, which follow the 3-3-5 wave formation. We are now in the major wave C now, which is divided into 3 subwaves 3-3-5 ABC subwave. We are currently on subwave C now which is divided into 5 minor waves and currently on the 5th minor wave. It sounds pretty complex but just read the above and follow along on the chart. Trade idea: - Watch for the 5th subwave to bottom. You can do this using a simple trendline or BOS for confirmation - Once the bottom is intact, watch for any corrections to add long positions - Targets: 0.20, HODL the rest and actively manage it Would love to hear your comments below. As always, trade safe!
by WicktatorFX
4