Elliott Wave TA | regular breakdowns & price targets | No FA, just charts | What's your next trade? No financial advice Non crypto related account: @winzend_
Argentina
Joined March 2023
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$ARB beautifully corrected exactly like I thought it would and reached the most probable reversal area as well as the target area for Wave-(c)⚫️.
LTF in the next post👇
I would not buy into this tiny correction here.
While the chance of further rises is there, the chance of a bigger correction is way higher.
Take $ARB for example. While I think that the chance of a bottom is high, I am not interested in this if it doesn't correct at least 50%.
In light of the US-midterms this weeks, here's my count for the $SPX.
I do think that the most likely scenario is a big correction, which should be followed by another wave up.
However, I would not be surprised if we see a spike up first before the big correction starts, but the bottom line is that a bigger correction is overdue.
Disclaimer: I do not invest in the S&P500 and wouldn't recommend anybody to invest based on this TA. I stick to crypto.
But I am curious about your view.
Will the midterms have a meaningful impact on the stock-market?🤔
Preparing the next #Bitcoin buys:
I managed to buy the bottom perfectly, giving me almost 50% returns, so I decided to take profits at $86k.
Now that money wants to find a home again. I will take advantage of the recent crash to place one part already, as the chance of the bullish alternative (green zone) is just too big to ignore.
The second part of my cash will be withheld for my "medium risk buy zone"(🟠) in case we get there as it still is the main expectation.
What do you think of my strategy? Is it similar to yours? How are you placing your bets at the moment?🤔
$BTC
Interesting things are happening with $CELL.
Consistently, it is printing good green candles while bigger coins stall.
All the way down, volume has been increasing, but price eventually stabilized. This indicates big selling pressure, supposedly by retail paper hands, but also big interest in buying at these prices by bigger player(s).
Last two times when volume dried up, price was able to float higher easily. This is somewhat ambivalent as it can mean that there are simply very few seller left, but generally, it's a bearish signal as we prefer to go up on increasing volume.
All while this is happening, #Cellframe will likely flip green on the monthly MACD, a huge technical bullish signal.
Now, is the bottom in?🤔
I sill lean towards a new low, but I really don't know. All I know is that the future of this coin will be extremely interesting.
What did I tell you about ethereum:0x4e3fbd56cd56c3e72c1403e103b45db9da5b9d2b?
That it likely finished an impulse and a big correction, potentially into support is next?
Did exactly that happen?🤔
Now you ask me, what's next?
The most probable reversal area has been reached, so technically, all requirements are met for the correction to be over, but I think it is much more likely that we see a longer correction in the typical 3-wavey style.
On the lower timeframes, it doesn't even look like the first leg down is over. If it really isn't, a very deep first leg might already indicate that truly the bottom isn't in.
#ConvexFinance
$LINK:
I suggest a finished impulse and first part of the correction done.
It already has reached the most probable reversal area, so the next leg up theoretically could be in the cards, but I think it is much more likely that we see a second leg down before the correction ends.
#ChainLink
How do you see #ChainLink?
Is the new low I expect controversial or actually what most expect?🤔
33%Link is extremely bullish
33%Agree with you
17%even more bearish
17%Other / results
6 votes • Final results
$KAS update:
It's nice seeing price stall at an important level. Gives more weight to the bullish scenario.
In either case, I don't think that #Kaspa can go up without at least a little bit more downside. The correction would seem incomplete.
Given that the structure is still not clearly bullish, there still is significant downside risk. But thanks to recent PA, I think that the chance the bottom is in has risen ever so slighty.
