The thing I love about this chart #cyber is it volatility and precise trend direction. I have two scenario and this is the first one. We are in some sort of Accumulation / capitulation Phase just like in $Apeusdt(see analysis on my socials).
You can either start buying partially or you simply wait for lower price if your patience won't run out.
The second scenario is very similar to the first, both bullish mid to long term the only difference is that the second scenario will keep going down from current price and keep ranging within the highlighted box till breakout.
The thing I love about this chart is it volatility and precise trend direction. I have two scenario and this is the first one. We are in some sort of Accumulation / capitulation Phase just like in $Apeusdt (see my page on socials) You can either start buying partially or you simply wait for lower price if your patience won't run out.
The second scenario is very similar to the first, both bullish mid to long term the only difference is that the second scenario will keep going down from current
Remeber my call on #BITCOIN 2 months ago right? Finally we arrive
LIVE
Dewy Candles
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BITCOIN WHAT IS LEFT OF IT NOW
Not much to say here other than (first and most important point) $BTC #BITCOIN #BULLRUN is still bullish. Yes the bull run is not over yet but do not expect some ridiculous target. The most considerable target is between 80 - 90k while the extreme for me is within 91 - 120k. Look at the RSI and you will fins some similarity where the previous double top printed a strong bearish divergence on the RSI at the overbought region and we are having the same thing happening now with the RSI at the overbought region waiting to test it again for the second time. Look at the chart on the monthly timeframe and tell me what yo see. Overbought right? coupled with a strong bearish divergence. Yes that is your clue right there. Short to mid term Bitcoin is bullish but on the long run it is bearish showing signs of exhaustion. While I was away, I have been studying and improving my TECHNICAL ANALYSIS PROWESS. You will be seeing yet another improved and advance analysis from Dewy Candles. That being said many calls went under like I predicted. In fact many nuked beyond my expectation but it is all good. I will be updating everything gradually with more clarity but I can assure you, don't expect to be spoon-feed, you still have to figure out some on your own to level up. $Pepeusdt indeed reached that level (see pepe analysis on my page). those who FOMOed in at the top when I keep telling you it will go further down must have been under water now. One of the good news I'll be bringing to you henceforth is to be as calm as a still water. If you follow along and also put in the time to study the chart, you will become an ELITE in this market. You won't be chasing price, you will learn to wait for price to come to you. Another thing is high RISK REWARD RATIO RRR. Losses are inevitable but what matters is that you gain exponentially compared to what you lose and the best way to get that is learning to wait for price to come to you, learning to lay low on the HIGH GROUND getting price at discount or premium discount to sell in good profit. Another important thing to note is that you need to wipe your head off of those insane and ridiculous TARGETS. You don't want to be MOONBOYS or play it like the herd, you want to play it like the master of the game.
What is it with Quarter 4 and 1 synonymous to Bullish and Bearish. If Q4 is Bullish most likely Q1 will be Bearish, vice-versa Meanwhile what Altcoin are you holding because it is right about time. 🚀
You also have to know how to check for correlation in various coins to have a clue on the direction of the trend in a particular timeframe. Such is the like of this $flokiusdt and $fetusdt but it doesn't stop here, there is more and I'll be showing them to you one after the other. Presently $FLOKI is at the end of second phase of what I call EXPANSION, while some might call it WYCKOFF DISTRIBUTION, similar to the $ENSUSDT price action https://www.tradingview.com/chart/ENSUSDT/kzsQqLTk-ETHEREUM-
You also have to know how to check for correlation in various coins to have a clue on the direction of the trend in a particular timeframe. Such is the like of this $flokiusdt and $fetusdt but it doesn't stop here, there is more and I'll be showing them to you one after the other.
Presently FLOKI is at the end of second phase of what I call EXPANSION, while some might call it WYCKOFF DISTRIBUTION, similar to the $ENSUSDT price action https://www.tradingview.com/chart/ENSUSDT/kzsQqLTk-ETHEREUM-NAME-SERVICE-BLUEPRINT/
Meanwhile, for the CLASSICAL ANALYST, you can get your confluence from the CHART PATTERN you're looking for which in this case is an INVERSE HEAD & SHOULDER
So what is the point exactly? the point is $flokiusdt is still bullish short to mid term but I must warn you, do not be like the SHEEP FLOCK (moon-boys) that herd for slaughter by setting ridiculous target because as usual, at the new expected high they will be singing their chorus again "too the moon" but that is the area ($0.0004 - 0.0005) where $flokiusdt will end it bullish journey and resume it mid term bear market which could even extend to long term.
For more confluence, we switch to the Elliott Wave Theory and as stated on the previous analysis (see my page for context) we are still on the 4th wave (yellow) and we have to finish a 5th wave which will take us to another new All Time High ($0.0004 - 0.0005).
Still more confluence, see the trendline price respected twice (red hammer icon). Now that same trend line is a good location for future re-visit plus the 110% Fibonacci Level rest perfectly well there.
In conclusion everything so much align with that area ($0.0004 - 0.0005). That is where I will exit all my position on FLOKI and start looking for a bearish setup that I will be riding to the Low - Mid Optimal Level.
Finally the invalidation level (stop loss) is at the red-dotted line.
I told you that the new technical analysis you will be getting is going to be top notch with a touch of SUPPLY & DEMAND, SMART MONEY CONTRACT, ICT (inner cycle trading), CLASSICAL analysis and of course ELLIOTT WAVE THEORY so it can go round to fit literally everybody's style.
My first detailed analysis is $ENSUSDT (Ethereum Name Service).
Let us start with the first phase where we see a BOS (break of structure), price created a HIGHER LOW since June, 2023. in the beginning of the second phase creating a bearish BOS then price action returned to grab the BSL (buy side liquidity) which marks the end of the second phase.
For the third phase, an important question is why should we be going lower for the SSL (sell side liquidity), and not BSL to create a new ATH (all time high)? Well, looking at the major indicator RSI (relative strength index) there is exhaustion creating a STRONG BEARISH HIDDEN DIVERGENCE. The second confluence is still on the RSI but this time looking at the RSI from the beginning of this year Jan 4, till March 5, there is a STRONG BEARISH DIVERGENCE and from 24th of May to July (All Time High) another STRONG BEARISH DIVERGENCE is created and finally the overall STRONG BEARISH DIVERGENCE to top it up all is created from Jan 4th up till this moment making it the third time the RSI is screaming a bearish reversal as it keeps printing a LOWER LOW since the beginning of this year (2024).
The third confluence is the CHoCH (change of character) where price creates a new swing low which sends price into the daily FVG (fair value gap) at the GOLDEN FIBONACCI ZONE 50%, setting the Stop Loss at the 618% (24.20. First ($13.02) and Second ($8.27) Take Profit too.
The fourth confluence is the third phase looking like an IMPULSE. Like we are in some kind of wave 5 of wave 3.
Do not take any chart I post likely as you will and should be learning from it to up your game too. I will be dropping a very detailed chart but filled with educational content. This is just the beginning.
$FETUSDT is still bullish on the higher timeframe but buying now is not advisable because of the risk reward. What you should wait for is the retracement to point 2 area after present price reaches point 1.
But if price fails to reach point 1 and starts to deep from current price then it is best to buy lower after price has taken the PSL (previous swing low) down to the WEEKLY ORDER BLOCK (W. OB) while the STOP LOSS is slightly below it. From there we will have a nice RISK REWARD RATIO.
While I expect price to bounce from the Weekly Order Block, there is no exception that the Stop Loss can't be taken because we have a huge WEEKLY FAIR VALUE GAP and depending on the volume of the bears price can surge down into that W. FVG and there is certainty that price will bounce HARD from there with a long wick after taking all the liquidity that rest beneath it.
So to summarize, there are three entry level where two of them are (W. OB & W. FVG) for BUY/LONG and two Stop Losses respectively while the third one is at POINT 2 with it Stop Loss at the PSL.
The POINT 2 entry level is mainly for those who are already in any FET position seeking to know where to trail profit while the other two entries is for those who are for those interesting in a good positioning for a nice RISK REWARD.
I will be updating this chart as every level unfolds so make sure to follow and turn on notification to stay updated.
$FET is still bullish on the higher timeframe but buying now is not advisable because of the risk reward. What you should wait for is the retracement to point 2 area after present price reaches point 1. But if price fails to reach point 1 and starts to deep from current price then it is best to buy lower after price has taken the PSL (previous swing low) down to the WEEKLY ORDER BLOCK (W. OB) while the STOP LOSS is slightly below it. From there we will have a nice RISK REWARD RATIO. While I exp
I told you that the new technical analysis you will be getting is going to be top notch with a touch of SUPPLY & DEMAND, SMART MONEY CONTRACT, ICT (inner cycle trading), CLASSICAL analysis and of course ELLIOTT WAVE THEORY so it can go round to fit literally everybody's style. My first detailed analysis is $ENSUSDT (Ethereum Name Service). Let us start with the first phase where we see a BOS (break of structure), price created a HIGHER LOW since June, 2023. in the beginning of the second phase c
Not much to say here other than (first and most important point) $BTC #BITCOIN #BULLRUN is still bullish. Yes the bull run is not over yet but do not expect some ridiculous target. The most considerable target is between 80 - 90k while the extreme for me is within 91 - 120k. Look at the RSI and you will fins some similarity where the previous double top printed a strong bearish divergence on the RSI at the overbought region and we are having the same thing happening now with the RSI at the ov
I have been printing on $jasmyusdt prior on the VIP channel and I think I should include you on this one. The past success rate and the confirmation bias on the higher timeframe boost my confidence on this one. It is a staggering 9.5 risk reward if played out.
BITCOIN PAST PRESENT AND FUTURE - ALL MOVEMENT PREDICTED BY ME
THE PAST AND THE PRESENT
Most of all previous analysis I have made on $BTC have been spot on and I have some good news before some bad news but before then see for yourself previous analysis below to catch the context. PREVIOUS ANALYSIS
THE PRESENT AND FUTURE SHOTT TERM - THE END OF WAVE 4-orange OF WAVE 5-orange ERA
Now let's snap back to the present and also project the future. Presently I am confidence that on the lower timeframe, price will most likely reach $60-62k but most importantly,
$PIXEL from my last update reached this current price as I predicted (first image) and now I have a strong conviction that the bulls will return at this point (second image) the first target is $0.5 and the second is $1.
$ONE is another Alt coin I have my eyes on for ALT SEASON. It also have x10 potential but most importantly I can tell that it is about to take out the buy side liquidity which is over 60% from the current price.
Technically, this a some part of a larger degree wave 2 where the wave A-cyan has been completed and we are it the process of wave B-cyan which I expect to take.
#Harmony price to $0.04 at least although it could also reach the 60-70% Fibonacci level ($0.09 - 0.010) as depicted on the chart.
This is a continuation of a $APE setup I posted earlier (first image). Trade is reacting nicely to the setup and I thought I should share a second chance opportunity (second image) on here although we've taken some profit in the VIP