Below this idea, I will give you my opinion/analysis of your altcoin. Make sure you hit the boost button and comment your altcoin below the idea to participate. I will do an analysis on the weekly/ daily chart (long term). I start my analysis with Bitcoin:
- Bitcoin is currently rising, but in my opinion, there will be one last flash crash below the 16k level to wipe out all leverage traders. There are tons of liquidity and stop losses to be gained.
- In this corrective wave, bitcoin could hit 30k – 39k , both targets are very arguable, so I am currently bullish in the short-term. I am waiting patiently for the flash crash to buy cheap Bitcoin , and of course I want to ride the huge bull market to a new all-time high.
- This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
- As per my Elliott Wave analysis, we are in the final C impulse wave ( ZigZag 5-3-5). ZigZags are often very impulsive, which is true in this case.
- Also, do not forget that we have an unfilled GAP on CME futures at 20k. Statistically, all gaps were at least partially filled. This gap is completely unfilled, so make sure you understand that you are going against 100% historical probability and performance if you are fully long on Bitcoin.
- https://www.tradingview.com/chart/BTCUSDT/23HttuIX-Bitcoin-Comment-Your-Altcoin/
My favorite altcoins are now Waves and Floki. Do not forget to write your altcoin in the comment section for my analysis/opinion + hit the boost button to participate! Thank you, and I wish you fun during your trades.
