Bitcoin will bounce soon
Bitcoin is crashing right now and traders have the question, when BTC will go up again or we are in the next bearish phase. In my opinion it's in bearish phase, but bounce is likely to be seen.
After full 5 Elliott waves cycle Bitcoin is showing us the ABC correction. It has the strong target next to the wave 4 bottom of lower degree. We can see $40k but after that bounce to 0.61 Fibonacci at $45000 is imminent.
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ETH looks very bad [By Ivan | Skyrex]
Ethereum is the greatest hint that all crypto market still has not finished it's bearish phase. While Bitcoin looks not so bearish ETH is showing weakness. After an impulsive wave A price is forming the wave B as a triangle correction. Maximum target for all this pump is $2900 at 0.5 Fibonacci retracement then I expect the wave C with the target below $500.
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Bitcoin - last chance to earn [By Ivan | Skyrex]
Let's try to predict what we can wait from the Bitcoin price action in the nearest future. I suppose that it's printing the reactive wave 4 after a strong impulse. The target for this dump is $38500. There we have the safe buy area. After that we will see the higher high in wave 5. If Awesome Oscillator will for bearish divergence there it's gonna be the end of the bull trend and huge correction is imminent.
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Bitcoin - growth is almost done!
Hello, everyone!
It's time for BTCUSDT update. Yesterday we saw local dump. Some altcoins lost -20%, but now market is recovering. This move was to liquidate long trades.
Looking at the Elliott waves cycle we can see that this uptrend is almost over. Wave 3 was finished and now we are in corrective wave 4. It has target approximately $38k. Then we will see final wave 5. During wave 5 altcoins can make 3-4x and then finally market will go down. We have 2-3 months to enjoy the bullish phase before the new winter.
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🤑Altseason is in progress, altcoins is pumping unpredictably
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Bitcoin - bullish phase is almost over [By Ivan | Skyrex]
Altseason is anticipated till the end of 2023. At this time Bitcoin is going to show the last bullish wave 5. Current pump is very annoying because BTCUSDT
did not show any significant correction. Even wave 4 was in triangle correction shape.
Now Bitcoin is going to reach 46K and then large correction is anticipated.
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LDO is next to make 3X
Last call on ICP was fantastic, +60% in one day! I rebalanced half of increased ICP in LDO because this altcoin has the greatest accumulation. I think it's time to reach the targets $5.5 and $8.
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🤖What SmartBot thinks about Bitcoin?
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What do you think happen next?
Our idea is altseason and then big correction.
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DOT - correction incoming? [By Ivan | Skyrex]
DOTUSDT demonstrated great pump yesterday. But this pump is not gonna be forever. We can see the early reversal sign right now. 5 Elliott waves structure has been completed and Awesome Oscillator has a bearish divergence. We have a clear correction target is 0.38 Fibonacci, equals $6.3.
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ETH - last pump ahead? [By Ivan | Skyrex]
ETHUSDT is going to follow Bitcoin price action. On 12h I demonstrated all impulses and corrections and it looks like last impulse is ahead. Correction has reached the 0.5 fibonacci retracement level. Now it's time for last impulse. Then I expect trend reversal (at least local).
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LDO found it's bottom! [By Ivan | Skyrex]
Yesterday I told you that LDOUSDT is going to explode next. Today I decided to look in details according to Elliott waves, as you like!
Let's consider that wave 1 has been started from it's bottom. In my opinion wave 3 has been ended and now wave 4 retraced inside the Fibonacci 0.61. If on 1D time frame we will see bullish reversal bar wave 5 will set the new higher high.
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ICP made +30% from yesterday's call! Are you happy?
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