This is the bullish scenario for Solana right now From here to 125.84 supply & extension on wave 1. that's gonna be wave 3. Either there or the 1.618 at 128.08 Afterwards we retrace back down to the top of wave 1 at 106.56 and from there make one last push up into this daily FVG at 146.16 $146.48 is also the bearish OB that broke structure causing the bear...
Check out this fractal from last bull run. It's almost right on the money as far as how similar it is. Pull a fib extension from ATH to bear market low and the fractal lands right on the 1.382 at 122k. With all of the ETF news coming up I believe this is not unrealistic at all
This is the local weekly distribution and the 123 setup I mentioned in my last post
I pulled the fractal from the 2019 bear market and flipped it. It seems as though we are currently in a macro accumulation phase, where we just formed the Sign of Strength in Phase B by taking out the highs from the Automatic Rally. On a smaller time frame, this entire channel upwards has been a re-distribution forming. You can see a daily bearish divergence...
It doesn't get any better than this as far as accumulations go. Straight out of a textbook. Link to the schematic below www.google.com
BTC Bear Markets typically will take us down -85% before the start of the next cycle. We aren't quite there yet, but we would be if we reached the macro GP pulled from the previous bear market low to our current ATH. It also coincides with the last down candle/order block that broke bearish structure and caused the last macro impulsive move/bull run. This idea has...
I believe I could make a very compelling case for the weekly chart on ETH becoming one big giant Wyckoff Re-Accumulation schematic. Before we begin, please take a minute to look at the Re-Accumulation schematic in the bottom left corner of this picture: img.phemex.com With that fresh in your mind, let's get back to the charts. It looks like back when we went...
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www.google.com ETH current price action appears to be closely following the Wyckoff Accumulation #2 schematic (link above). The way I see it, there's two ways this can go: 1. ETH breaks straight up from its current position, and that little wick that deviated from the range (marked with "x") is our LPS 2. ETH deviates from the range once again, deeper this...
I'm relatively new to EW, I'm more of a SMC/Wyckoff kinda guy, however I'm noticing something here that's slightly concerning. In previous bear markets, we've never really seen a 5 wave impulse to the downside, they've always been ABC corrections. This is the first bear market where I can clearly see a 5 wave impulse, and it looks like the ABC correction was to...
Bitcoin dominance is at the top of this range that it's been stuck in since May '21 and seemingly turning back down. A bunch of the alts just printed weekly trigger waves or bullish divergences as well. I smell an altcoin season incoming!
The measured move on this latest bear flag lines up perfectly with the demand zone that caused the bullish break on a macro scale/on the monthly chart. That demand zone also happens to line up perfectly with the bottom of the macro GP as well as a macro POC. This is where I would expect to see the cycle bottom and it will likely be an epic swing long opportunity...
ETH Should retrace down to the demand zone of the last low before the break of structure. Anywhere in the yellow box would be a good long, between the 50% line of the demand zone and the golden pocket underneath it.
This is the worst case scenario for BTC, a giant macro head and shoulders. The best case scenario is that we bounce at the macro GP around 9-10k. Based on the S&P fractal (the one from the 2008 crash that perfectly fits our current price action) I have to assume the worst for the crypto market. I was just waiting to see what the "news" would be that triggered the...
This is the worst case scenario for ETH - this turns into a giant macro head and shoulders and completely collapses. Bitcoin has one also. The neckline would be the macro 0.618 from the very bottom to the ATH. Once the SPX starts to collapse (as per the 2008 crash fractal which fits perfectly over the current price action) crypto will go the rest of the way with...
2 Week Chart flashing a bullish divergence as the BTC price mirrors almost exactly what it did in the previous bear market before exploding up to 60k
The other idea & fractal that fits pretty well is this one. In the immediate short term, it would have us retrace into the 1558 demand zone and make a higher low before continuing higher. We would end up in the last fair value gap on the upside that needs to be filled, which also coincides with the macro GP from ATH. You can also take the measured move and it...
ETH is currently rejecting at the GP pulled from the August 14th high to our most recent low, which coincides with the weekly supply zone around 1680. At the same time we have a macro fib time pull, marking off Thursday October 27th as a significant date - typically the fib time pulls indicate either a top or a bottom and historically they have fallen on some...